Yuvashakti SB Account

Yuvashakti Savings Bank Account - KVB

To cater to the needs of our young customers, we present you with the KVB Yuva Shakti Savings Bank Account. Whether you’re a student, at your first job or just starting up your own venture, we are there to support you. With Internet banking, Payable at Par multi-city cheques and a host of features, KVB offers you cutting-edge solutions for the new generation.

Benefits and Features
  • Zero balance to open the account.
  • International VISA Debit card comes along with the account.
  • E-commerce facilities at no extra cost including e-ticketing, e-shopping, utility bill payment.
  • Top-up facility for your mobile phone at any KVB ATM.
  • Payable at Par multicity cheque facility without any limit.
  • Inter-bank transfer of funds without any limit.
  • Free Cheque book – 25 leaves per year
  • Free use KVB ATMs and 5 transactions free in the ATMs under VISA and NFS cluster
  • Mobile banking inquiries free for the first year.
  • A DEMAT account can be opened with the bank account at no extra cost.
  • Free Internet banking facility.
  • A monthly statement of accounts at no charge.
  • Periodic e-statement of accounts as per the request of the customer at no charge.
  • 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.2.25/- inclusive of GST will be levied for each transaction in excess of 90 transactions.

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Charges and Limits
Maintenance of Monthly Average Balance MAB – Rs. 5000/- Penalty for non maintenance of MAB Rs 250/- p.m. proportionate to the % of shortfall in balance maintained
International VISA Debit card AMC charges of Rs. 75/- p.a. from the end of the first year.
Remittance of cash 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)
Remittance of cash 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)
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. 50,000/- per day.
Collection of outstation cheques Free of any charges upto Rs. 25,000/- p.m. subject to collection of postage charges of Rs. 10/- per instrument plus other bank’s commission, if any.  Charges applicable as per the tariff.
Personalized Multicity cheque leaves Free Cheque book – 25 leaves per year after which Rs 5/- per leaf
Issue of Demand drafts/pay orders Free up to Rs. 25,000/- p.m. After which Rs.3.50/- per Rs.1000/- Min-Rs.30/-,Max- Rs.15000/-
Mobile banking Free
Temporary Overdraft Maximum TOD equivalent to 50% of the previous month’s net salary credited to the account or Rs. 25,000/- whichever is lower subject to the following conditions:
1. Only employees of reputed corporates/PSUs/PLC/MNC will be considered for grant of TOD.
2. The employee's salary account should be maintained with the branch with the stipulated MAB for at least 3 months.
3. Salary should have been credited to the account at least for three months. The TOD should be adjusted in a maximum of two installments within two months.
4. Applicable ROI will be BPLR.
5. TOD can be availed of up to a maximum of three times in a calendar year.
6. Discretionary powers to grant TOD facility will be given to the managers of Metro and urban branches only.
7. Overall per branch limit for TOD under this product will be Rs. 2.50 lakhs.
8. If TOD is not cleared within 2 months, no further TOD will be entertained for the customer.

KYC Documents for opening an Account
Service Charges

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