Shakthi 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 – 60 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
- Up to 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 for Personal Loans linked to this account.
| Charges and Limits | |
| Eligibility | Women above 18 years of age |
| Monthly Average Balance | MAB : Rs. 5000/- Initial Deposit : Rs.1000/- |
| Cash remittance at non base branches | Upto Rs.1 lakh per day subject to a maximum of Rs.5 lakhs per month |
| Cash withdrawl at non base branches | Rs.50,000/ per day |
Free facilities |
1. Free - 60 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.100000/- (Exceeding which normal charges shall apply). |
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| 9. A/c statement: Free once in a month if net banking facility is not availed ( Rs.100/- for duplicate statement plus applicable Service tax.) |
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| 10. 0.25% concession in processing charges on retail loan products | |
| Documents Required | |
| Proof of Identity | Identity card or bonafide certificate |
| Proof of age | Birth certificate or bonafide certificate |
| Proof of Residential address | Ration Card or Passport or bonafide certificate |
| Photograph | Required |