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Product Details
Bank Name

Karnataka bank

Account Name

SB Money Ruby (Privilege)

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

SB Money Ruby (Privilege)
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

Rs. 1,00,000

Debit Card Charges

0

NEFT Charges

Free

IMPS Charges

Free

Fees and Charges

SB Money Ruby (Privilege)

75.7
Special Features

Free personal accident coverage of ₹ 10,00,000 (for first holder only).

Eligibility Criteria
The applicant must be an Indian citizen. The applicant must be between the ages of 18 and 70 years. The applicant must have aadhaar card or any other valid identification document. The applicant must have a pan card.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros

  • Free personal accident coverage of ₹ 10,00,000 (for first holder only). 

  • Free Platinum International debit card.

  • Free Internet/Mobile Banking facility. Free Mobile Apps – mPassBook, BHIM KBL UPI APP. 

  • Free monthly e-statements (on registration).

  • Free 200 cheque leaves in a calendar year. 

Cons

  • High monthly average balance requirement.

  •  No zero balance account facility is available.

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.


Application Procedure
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