Shakthi Account

Shakti 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
  • Thesavings portfolio is coupled with loan component and insurance coverage
  • Monthlyaverage balance of Rs.5,000/-
  • FreeCheque book – 60 leaves per year ;
  • FreeDemat Account (first year)
  • FreeAnywhere Banking, Net Banking and MobileBanking
  • DD/PO/RTGS/NEFT:Free limit of upto Rs.1,00,000/-  per month above which normalcharges shall apply)
  • Freeaccidental death insurance cover of Rs.1.00 lakh
  • FreeDebit/ATM card for the first year
  • Upto 0.50% concession on purchase of  gold coin / bar of 50 grams andabove (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/- 
Initial Deposit               :  Rs.1000/-
Non Maintenance of Minimum Average Balance(not applicable to dormant a/cs) Rs.125/- plus service tax
Cash remittance at base branches Free
Cash withdrawl at base branches Free
Cash remittance at non base branches Free upto 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 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).
9.  A/c statement: Free once in a month if net banking
facility is not availed 
10. 25% concession in processing charges on retail loan products

KYC Documents for opening an Account
Service Charges

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