Shakthi Account

Student Savings Account

The special respect that women enjoy in India is recognized with a special product designed exclusively for them. KVB Shakthi is a unique SB product that provides the triple benefits of an SB account, loan eligibility and insurance coverage, all rolled into one.

Benefits and Features
  • The savings portfolio is coupled with loan component and insurance coverage
  • Monthly average balance of Rs.5,000/-
  • Free Cheque book – 40 leaves per year
  • Free Demat Account (first year)
  • Free Anywhere Banking, Net Banking and Mobile Banking
  • DD/PO/RTGS/NEFT: Free limit of upto Rs.1,00,000/- per month above which normal Charges shall apply)
  • Free accidental death insurance cover of Rs.1.00 lakh
  • Free Debit/ATM card for the first year
  • Upto 0.50% concession on purchase of gold coin / bar of 50 grams and above (total)
  • Rs.500/-Processing charges on loans – flat & irrespective of the limit forPersonal Loans linked to this account.
Charges and Limits
Eligibility Women above 18 years of age
Monthly Average Balance MAB                            : Rs. 5000/- 
Non Maintenance of Minimum Average Balance(not applicable to dormant a/cs) Rs.125/- plus service tax
Cash remittance at base branches Free
Cash withdrawal at base branches Free
Cash remittance at non base branches Free up to Rs.1 lakh per day subject to a maximum of Rs.5 lakhs per month beyond which Rs.2/- per Rs.1000/-;Min-Rs.10/-
Cash withdrawal at non base branches No limit for self cheques at both base & non base branches. For third party cheques – Rs. 50000/- per day per party.
Free facilities 1. Free - 40 Cheque leaves per year.
  2.  Free - Debit card for the first year
3.  Free - Net Banking.
4.  Free - Mobile Banking.
5.  Free - Anywhere Banking.
6.  Free - Demat Account for the first year
7. Up to 0.50% concession on purchase of gold coin / bar of 50 grams & above (total)
8.  DD / PO / RTGS / NEFT: Monthly free limit of Rs.1lac/- 
(Exceeding which normal charges shall apply).
9. 25% concession in processing charges on retail loan products
Locker Tariff(Based on the Locker Size) Rs.750 – Rs.5500

KYC Documents for opening an Account
Service Charges