Product Details
Bank Name
Karnataka Bank
Account Name
SB Sugama Zero Balance Account
Account Type
Savings
Interest Rate
Up to INR 1 Lakh: 2.75%
Above INR 1 Lakh and up to INR 10 Lakh: 2.75%
Above INR 10 Lakh and up to INR 50 Lakh: 2.75%
Above INR 50 Lakh and up to INR 100 Lakh: 3.5%
Free Debit Card
Yes
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Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
Not specified by the bank.
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
SB Sugama Zero Balance Account
Special Features
Zero minimum balance.
Upto 4 monthly withdrawals.
Eligibility Criteria
A savings account made to reach a vast section of the population.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Zero minimum balance.
Upto 4 monthly withdrawals.
Chequebook facility.
ATM facility.
Cons
Low interest rates.
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.