Founded in 1924, Karnataka Bank operates from Mangalore with 901 branches across 22 states and 2 Union Territories, offering diverse banking and financial services to meet customer needs.
Different Types of Products and Services Provided by Karnataka Bank
Karnataka Bank provides a diverse range of products and services as mentioned below:
- Karnataka Bank Deposits
- Karnataka Bank Loans
- Karnataka Bank Cards
- Karnataka Bank Investment
- Karnataka Bank Insurance
- Karnataka Bank Banking Services
Karnataka Bank Savings Accounts
Karnataka Bank has Savings Accounts to suit different customer segments. They are
Type of Account | Primary Features |
SB General | MAB without cheque book: Rs. 500 for Metro/Urban/Semi-Urban areas and Rs. 200 for rural areas and financial inclusion MAB with cheque book: Rs. 2000 for Metro/Urban/Semi-Urban areas and Rs. 1000 for rural areas and financial inclusionCash deposit and withdrawal at any branchFree SMS alertsFree cheque leaves: 25 per calendar yearMoneyPlant Visa/Rupay Classic Debit Card/EMV chip card provided for eligible account holdersFree Karnataka Bank Net Banking and Karnatka Bank Mobile BankingFree NEFT/RTGS |
KBL Salary Privilege | For salaried personsAny Branch Banking facilityNo minimum balanceUnlimited ATM transaction at any bank ATMFree Karnataka Bank Net Banking, Mobile Banking and mPassbookFree debit card with purchase protectionFree RTGS/NEFTConcession on locker rentJewellery Insurance up to Rs. 50000 for women account holdersPersonal accidents cover up to Rs. 10.00 lakhs |
KBL Vanita | For womenMAB: Rs. 2000 for Metro/Urban/Semi-Urban branches and Rs. 1000 for Rural branches and Financial InclusionComplimentary jewellery insurance up to Rs. 50000MoneyPlant Visa/Rupay Classic Debit Card/EMV chip card provided for eligible account holdersFree Karnataka Bank Net Banking, mobile banking, and monthly e-statement |
KBL Tarun | For studentsNo minimum balanceFree debit with per day cash withdrawal limit of Rs. 25000 and POS limit of Rs. 30000Free DD for examination fees, prospectus fees, and tuition feesFree funds transfer: Up to Rs. 50000 per monthMoneyPlant Visa/Rupay Classic Debit Card/EMV chip card provided for eligible account holdersFree Karnataka Bank Net Banking and mobile banking                                      |
NRE SB Account | For NRIs and PIOs to save income earned abroadJoint account with NRIs or resident close relativesBalance in the account repatriableInterest exempt from taxNomination facility |
NRO SB Account | For NRIs and PIOs to park their income from investments in IndiaJoint account with resident IndiansFunds not repatriableTax on deposit applicableNomination facility |
Other Karnataka Bank SB Accounts
KBL Kishore | Privilege Savings Account |
Small Account | Sugama BSBD Account |
RFC Account | Instant Online SB Account |
Karnataka Bank Current Accounts
Karnataka Bank Current Account Schemes meet the requirements of Small Vendors, Grocery Shops, Small Merchants, Professionals, MSMEs, and Corporate Enterprises. The variants available under KBL current accounts are:
Type of Account | Primary Features |
Current Account General | For small vendors, grocery shops, small merchants, and professionalsMAB: Rs. 3000 in semi-urban and rural areas and Rs. 5000 in urban and metro areasFree cash deposit at any branch up to Rs. 75000 per dayPersonalised cheque bookFree monthly Karnataka Bank Statement (e-statement)Debit card issuedDDs from any branchFree Karnataka Bank Net Banking/Mobile Banking |
Current Account Premium | For SMEs and StartupsAMB: Rs. 25000Free RTGS/NEFT/IMPS: 10 in a monthFree DDs: 10 per monthFree cash deposit up to Rs. 1.00 lac per dayFree cheque leaves; 25 per month |
Current Account Money Pearl | For Retail Traders, Micro and Small Enterprises, Petrol Pumps, Restaurants, Medical shops, and furniture shopsAMB: Rs. 50000Cash deposit and withdrawal at any branchFree cash deposit limit: Rs. 1.50 lacs per dayFree cheque leaves: 50 per monthFree RTGS/NEFT/IMPS: 20 per monthFree DDs: 20 per month maximum Rs. 2.00 lacsFree Platinum Debit CardFree Karnataka Bank Net Banking, Mobile Banking, and SMS alerts |
Other Karnataka Bank Current Accounts
Current Account Money Diamond Plus | Current Account Money Platinum |
Current Account Money Ruby | NRE Current Account |
NRO Current Account |
Karnataka Bank Cards
The popular Karnataka Bank Debit Cards and Credit Cards are as listed below:
Karnataka Bank Debit Cards
- Visa Classic Debit Card
- Visa International Debit Card
- RuPay Classic Debit Card
- RuPay International Platinum Debit Card
Karnataka Bank Credit Cards
- Karnataka Bank SimplySave SBI Credit Card
- Karnataka Bank SBI Card Prime
The bank also provides the following cards:
- Deposit Only Card
- Image Card
- ‘Gift Card
Karnataka Bank Loans
Karnataka Bank loans are designed keeping in mind the income and the unique needs of its customers. The variants under Karnataka Bank Loans are:
Type of Loan | Primary Features |
KBL Express Home Loan | Resident Indians and NRIs with Indian Passports can apply Purpose: For the construction or purchase of a flat. For renovation and extension to existing property Amount: 60 times the latest net salary for salaried individuals and 5 times the net annual income of the last 2 years with a maximum of Rs. 500 lakhs for the construction and purchase and Rs. 30 lakhs for renovation and extension Repayment: 1 year to 30 years |
KBL Xpress Home Comfort | Purpose: For interiors of the existing property Amount: 75% of the project cost. Maximum Rs. 100 lacs Repayment: 10 years maximum |
KBL Ghar Niveshan | Purpose: For the purchase of a plotAmount: 80% of the registration value of the plot with a maximum of Rs. 75.00 lacs in Urban/Metro areas and Rs. 50.00 lacs in semi-urban and rural areas |
Vehicle Loans | KBL Xpress Car Loan For the purchase of new/used cars not older than 5 years from the date of registration Amount for new cars: 85% of the on-road price of the vehicle. Maximum: Rs. 75.00 lacs Amount for used cars: 85% of the value of the vehicle: Maximum Rs. 20.00 lacs Tenure: 84 months for new car and 34 months for used cars KBL Xpress Easy Ride For the purchase of new two-wheelersAmount: 85% of the on-road price with a maximum of Rs. 2.00 lacsTenure: 5 years |
Personal Loan | For any personal needs like the wedding of self or children, children’s education, vacation, medical expenses, etcAmount: Maximum 5 lacsTenure: 5 years |
Education Loan | KBL Vidya Nidhi For professional, technical or other courses in India and abroad Amount: Maximum 10 lacs for inland studies and Rs. 20 lakhs for studies abroad Tenure: Up to 15 years  Skill Loan Scheme Certificate/Diploma courses at institutes within the National Skill Qualification framework Amount: Rs. 5000 to Rs. 1.50 lacs Tenure: 3 years to 10 years  |
Other Karnataka Bank Loans
Loans against property | Gold Loan |
KBL Ravi Kiran | KBL Insta Cash |
KBL Business Quick Loan | KBL MSME |
KBL Women Entrepreneur | KBL Overdraft Security Deposit |
KBL Commodity Pledge | KBL PMSVAnidhi |
Karnataka Bank Investment Options
To save funds for future requirements like childrens’ education, marriage, acquiring a dream home, etc, the best investment option with guaranteed returns is the Karnataka Bank Term Deposits. The bank has various schemes to suit your preference:
Type of Deposit | Primary Features |
Fixed Deposit | Ideal for those who need regular income by way of interestQuarterly and half-yearly interest payout optionsMinimum deposit: Rs. 100. Rs. 5000 for monthly interest payoutPeriod: 7 days to 10 yearsMonthly interest at a discounted rate. |
Abhyudaya Cash Certificate | Minimum deposit: Rs. 100 and in multiples of Rs. 100Period: 6 months to 120 monthsLoan available on the depositInterest is compounded quarterly and paid on maturity |
Tax Planner Deposit and Abhyudaya Cash Certificate | Minimum deposit: Rs. 100 and up to Rs. 1.50 lacsPeriod: 5 yearsTax exemption under Section 80C of the Income Tax Act 1961 is available.Deposit in joint names permitted. Tax benefits will be provided to the primary depositor.No loans provided |
Recurring Deposit | Suitable for those who have regular monthly incomeFixed amount in monthly instalmentsMinimum deposit: Rs. 50Period: 6 months to 120 monthsLoan against deposit provided |
Soulabhya Deposit | You have a twin gain with this depositWhen in need partial withdrawal is permitted while the balance will earn interest at the contracted rate.Minimum deposit: Rs. 5000Period: 3 months to 60 months |
Karnataka Bank Banking Services
Customers of Karnataka Bank can access their account 24 x 7 and conduct transactions without any hassle with the following banking services available at Karnataka Bank-
- Karnataka Bank Net Banking and Mobile Banking: You don’t have to worry about sparing time to visit the bank branch to conduct transactions or for account updates. All this is possible with Karnataka Bank Net Banking and mobile banking in the comfort of your home 24 x7.
- Missed call Banking: Give a missed call to the designated Karnataka Bank Balance Check Number 1800 425 1445 for account balances and Karnataka Bank statement 1800 425 1446 for mini statement and receive the balance or statement via SMS
- KBL QR Code: For business account holders to receive payment through UPI
Karnataka Bank Customer Care
The bank has provided several Karnataka Bank Customer Care Numbers for any queries and information. They are
- Karnataka Bank Customer Care Numbers (toll-free) 1800 425 1444 and 1800 572 8031
- Karnataka Bank Customer Care Number (chargeable) 080 2202 1500
Karnataka Bank FAQ’s:-
Individuals (singly or jointly), HUFs, and foreign nationals residing in India can apply for a Karnataka Bank Savings Account.
With Karnataka Bank Net Banking you can transfer funds to accounts within the bank and other banks, download account statements, view account balance, request a cheque book, make utility bills payment, etc.
For Karnataka Bank General Savings Account the minimum balance required for accounts with cheque book facility is Rs. 1000 and without cheque book it will be Rs.200.
The digital banking services provided by the bank are WhatsApp Banking, Net Banking, Mobile Banking, E-commerce, IVR facilities, KBL QR Code, and BHIM KBL UPI.
Individuals, Proprietorship and Partnership Firms, Limited Companies, Trusts, Societies, Clubs, Associations, and HUFs can open a current account in Karnataka Bank.