Shakthi Account

Student 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
  • The savings portfolio is coupled with loan component and insurance coverage
  • Monthly average balance of Rs.5,000/-
  • Free Cheque book – 25 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
  • 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/- 
Non Maintenance of Minimum Average Balance(not applicable to dormant a/cs) Rs.250/- proportionate to the % of shortfall in balance maintained
Cash remittance at base branches Rs. 5 lakh per month beyond that, Rs.2.25 per 1000/- Min – Rs. 10/-
Cash withdrawal at base branches Free without any limit (Self Cheque) Rs. 50,000/- per day per party (Third Party cheque)
Cash remittance at non base branches Free upto Rs.1,00, 000/- per day, subject to a max. of Rs. 5,00,000/- per month beyond that, Rs.2.25 per 1000/- Min – Rs. 10/-
Cash withdrawal at non base branches Free without any limit (Self Cheque) Rs. 50,000/- per day per party (Third Party cheque)
Free facilities 1. Free - 25 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.1lac/- 
(Exceeding which normal charges shall apply).
9. 25% concession in processing charges on retail loan products

KYC Documents for opening an Account
Service Charges

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