Salary Account: Karnataka Bank Launches 3 New Saving Schemes For Salaried Individuals

Mangalore-based 'A' Class Scheduled Commercial Bank, Karnataka Bank has launched new corporate salary account schemes. The bank unveiled three variants of Savings accounts under the Corporate Salary category namely KBL Sal Ultimate, KBL Sal Delite and KBL Sal Pride.

These variants are designed to meet the financial needs and aspirations of Salaried Employees under the corporate category.

Srikrishnan H, MD & CEO, said "This is a customized offering relevant to the financial and lifestyle needs in line with our vision of becoming the 'Bank of Future'. Powered by user-friendly digital process, the offerings are personalized and aspirational in nature."

These new SB schemes offer a range of benefits and features that will empower salaried customers to manage their finances more effectively and achieve their financial goals.

As per the regulatory filing, with KBL Corporate Salary schemes, account holders will get personal accident insurance cover of Rs 50.00 Lakhs. The Premium Debit Card also gives customers, access to international and domestic airport lounges and meets the customer's aspirations on wellness and lifestyle.

Further, the bank's Zero balance savings accounts for the salaried professionals also cover features like concession in processing charges on housing, personal and vehicle loans, hospital cash benefits up to Rs 60,000/- and Jewellery insurance up to Rs 2 Lakhs.

On BSE, Karnataka Bank shares ended at Rs 244.20 apiece, down by 2.01%.