Prestige Savings Account
Discover an exclusive account that befits your status. An account that caters to the exclusive needs of high networth individuals, KVB Prestige offers a host of thoughtful services that you can experience across the KVB network. Get ready to be treated like someone special.
Benefits and Features
- Monthly average balance for Rs. 1,00,000/-
- Free Personalized at par cheques
- Cash remittance at non-base branches upto Rs. 10 lakhs per month
- Free Internet and Mobile Banking
- International VISA Debit card with enhanced withdrawal limit of Rs. 50000/-.
- At par funds transfer throughNEFT / RTGS / DD / PO / Inter branch fund transfers
- Free collection of outstation cheques on KVB branch centres
- Free accidental death and disability insurance upto Rs. 2.00 lakhs and treatment on hospitalization due to accident upto Rs. 20,000/-
| Charges and Limits | |
| Monthly average balance | Rs.1,00,000/- |
| Payable at par cheque facility | Without limit |
| Cash remittance at non-base branches | Free of charges upto Rs.10.00 lakh per month |
| Cash withdrawal at non base branches | Maximum of Rs.50000/- per day for self withdrawals only |
| ATM withdrawal limit | Rs.50,000/- per day |
| Issue of International ATM/Debit Photo Card | Free of charges |
| AMC for ATM Card | Free |
| Local Clearing cheques | Free at non base branches coming within the same clearing cluster. |
| Inter branch transfer of funds | Without limit. However under Internet Banking such transfer will be limited to Rs.50000/- per day. If the client opts for `Financial – Personal and Third Party’ option while applying for internet banking facility, RTGS option will be enabled on Internet Banking which will allow transfer of funds to a maximum of Rs.5,00,000/- per day. |
| Issue of demand drafts / pay orders | Free (No limit) |
| NEFT / RTGS transactions | Free (No limit) |
| Outstation cheque collection | Free of charges on KVB branch centres |
| Issue of personalized multicity cheque book | Free |
| Internet and Mobile Banking facility | Free |
| Demat Account | Opening Free |
| Monthly Account statement | Free once in a month; Free emails as per the periodicity request of the customer |
| Booking of Train tickets using Debit card | Free of charge |
| Concession in Processing charges for Retail Loan accounts | 50% |
| Accidental insurance cover | Free accidental death and disability insurance upto Rs. 2.00 lakhs and treatment on hospitalization due to accident upto Rs. 20,000/- |
| Penalty for non maintenance of MAB | Rs.250/- p.m. |
| Account closing charges | A amount of Rs.500/- will be levied towards the closure charges if the account is closed within one year. No charges will be levied if the same is closed due to the unfortunate event of demise of the customer. |
| 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 |