Regular Savings Account

Regular Savings Account - KVB

KVB offers Savings accounts for the purpose of inculcating the habit of savings among general public so that a portion of one's earnings can be set apart for future needs.

  • Can be opened in the names of individuals singly / jointly / with either or survivor options
  • VISA Debit cards, Internet Banking, Mobile Banking facilities are available.
  • Nomination facility available
  • Cash remittance at base branch is Free
  • Cash withdrawal at base branch is permitted Free upto 5 transactions in a month, thereafter charges will be applicable as per the service charges tariff
  • Cash Withdrawal at base branch is permitted Free where Monthly Average balance is more than Rs.5000/-
  • Outstation Cheque collection charges as per the service charges tariff
      • Free 20 cheque leaves per annum.
      • The number of all debit transactions including ATM transactions in the account will be limited to 90 transactions for each half year for all the accounts mapped to a single customer ID put together.
  • A service charge of Rs.2/- inclusive of service tax will be levied for each transaction in excess of 90 transactions
Terms and conditions
  • Minimum balance to be maintained in Savings Account with cheque book facility is Rs. 1000/-. Penalty of Rs.100/- plus service tax will be levied for non-maintenance of minimum balance.
  • Customers should provide satisfactory introduction, address and ID proof in order to comply with KYC norms.
  • Sufficient balance should be maintained in the account at the time of issuing cheques

KYC Documents for opening an Account
Service Charges