Karnataka Bank launches 3-variant scheme

Karnataka Bank launches 3-variant scheme

Karnataka Bank has launched a new savings bank product “KBL SB Salary” -- a customised SB product for Salaried Class in three variants namely: SB Salary Executive, SB Salary Prime and SB Salary Classic.

All three variants of our KBL SB Salary Scheme are available for the salaried people with a host of digitally-powered features and without minimum balance criteria.

No annual charge on debit cards, unlimited free access to Karnataka Bank ATMs, free cash deposit facility across all branches, free fund transfer within the bank, free NEFT and RTGS through internet and mobile banking, free outstation cheque collection, no annual fee on demat and trading accounts are also major features of these schemes.

Additionally, for the women employees, in the top-most category of our salary scheme, an insurance coverage up to Rs 50,000 against chain snatching, theft and burglary of their jewellery is made available, free of cost.

Based on the category, many more value added services like free cash withdrawal facility across all our banches/ATMs and other Bank ATMs, purchase protection on debit card purchases, free demand drafts, free RTGS and NEFT at branches, free cheque book facility, concession on locker rent, concession on loan procesing charges, personal accidental death coverage are also available in the scheme.

Karnataka Bank aims to provide all digitally driven facilities to the salaried class.

“This scheme is useful for the corporates, institutions and business houses to open accounts with us along with the salary savings accounts of all their employees to enjoy a hassle-free salary disbursement process. We have designed these three variants to cater all financial needs of the entire ‘employer-employee eco-system,’ said Mahabaleshwara M S, MD of the bank.