| Eligibility |
Individuals in the age group of 20 to 35 years |
| Opening of account |
With zero balance |
| Monthly Average Balance |
Rs. 5000/- after one month from the date of opening of the account. Penal charges of Rs. 10/- per Rs. 1000/- or part thereof subject to a minimum of Rs. 10/- and maximum of Rs. 50/- p.m. for non-maintenance of MAB |
| International VISA Debit card |
Free on issue. AMC charges of Rs. 75/- p.a. from the end of the first year. |
| e-commerce facility |
Available |
| Mobile top up facility |
Free at KVB ATMs |
| Payable at Par multicity cheque facility |
Without limit |
| Remittance of cash at non-base branches |
Maximum of Rs. 100000/- p.m. Service charges of Rs. 2/- per Rs. 1000/- or part thereof subject to a minimum of Rs. 20/- per remittance for the portion exceeding Rs. 100000/- p.m. |
| Cash withdrawal at non base branches |
Maximum of Rs. 50000/- per day for self withdrawals only |
| Local Clearing cheques |
Non-base branch coming within the clearing cluster will be considered as base branch only |
| Inter branch transfer of funds |
Without limit. However under Internet Banking, such transfer will be limited to Rs. 50000/- per day. |
| Collection of outstation cheques |
Free of any charges upto Rs. 25000/- p.m. subject to collection of postage charges of Rs. 10/- per instrument plus other bank’s commission if any. Service charges of Rs. 2/- per Rs. 1000/- or part thereof plus postage charges of Rs. 10/- per instrument for the portion exceeding Rs. 25000/- p.m. |
| Personalized Multicity cheque leaves |
50 leaves free p.a. Charges of Rs. 2/- per leaf thereafter. |
| Issue of Demand drafts/pay orders |
Free upto Rs. 25000/- p.m. Charges of Rs. 2/- per Rs. 1000/- subject to a minimum of Rs. 10/- and maximum of Rs. 7500/- per occasion for amount exceeding Rs. 25000/-. The unused portion cannot be carried forward to subsequent months |
| Use of ATMs |
Free use of KVB ATMs. Five financial transaction free in ATMs in NFS/VISA/MITR/Axis bank cluster |
| Mobile banking |
Inquiries and alerts free for the first year. Rs. 100/- p.a. thereafter. |
| Demat Account |
Opening of account free |
| Internet Banking |
Free |
| Temporary Overdraft |
Available for account holders at metro and urban centres subject to terms and conditions |
| Statement of account |
- Free Monthly Statements
-
Free emails as per the periodicity request of the customer |
