Product Details
Bank Name
Karnataka bank
Account Name
SB Money Platinum
Account Type
Savings
Interest Rate
Upto 50 lacs- 2.75% p.a
50 Lacs - 1 Cr : 3.50%
Above 1Cr: 4.50%
Free Debit Card
Yes, eligible for Free international platimum Card
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Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Rs. 3,00,000
Debit Card Charges
0
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
SB Money Platinum
Special Features
This account is specially designed for individuals with high net worth.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free Demand Drafts from any branch(supported by cheque).
Free Platinum International debit card.
Free personal accident coverage of 10,00,000 (for first holder only).
Free unlimited Demand Drafts for any amount from any branch (such debits are to be supported by cheques).
Free mobile apps: mPassBook, BHIM KBL UPI APP Free cash deposit at BNA (by account holder or person authorized by account holder).
Free personalized chequebook.
Free SMS alert facility.
Free monthly e-statement.
Cons
No zero balance account facility is available.
Low interest rate.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
1. Visit a Karnataka Bank Branch:
Locate the nearest Karnataka Bank branch to you.
2. Required Documents:
Proof of Identity:Aadhaar Card
PAN Card (or Form 60 if you don't have a PAN)
Passport
Voter ID
Driving License
Proof of Address:Aadhaar Card
Passport
Voter ID
Driving License
Utility bills (recent)
Student ID: A valid student ID card from your school or college.
Photographs: Two recent passport-sized photographs.
3. Account Opening Form:
Obtain an account opening form from the bank representative.
Fill in the form accurately and completely with all the required details.
4. Submit Documents and Open Account:
Submit the completed form and all the required documents to the bank representative.
The bank representative will guide you through the account opening process.