Karnataka Gramin Bank

Current Account

Eligibility

Individuals, Joint accounts (not more than 4), Proprietary concerns, Partnership firms, HUF, Public and Private Limited Companies, Limited Liability Partnership, Registered or Unregistered Societies or Associations, Trust/Provident Fund, Executors and Administrators, Govt./Semi Govt. Dept, Taluk /District Boards, Charitable & Religious Institutions etc.,

  • Minimum Balance
  • Periodicity of deposit
  • Interest
  • Charges
  • TDS
  • Nomination Facility
  • Cheque Book
  • Other facilities

Minimum Balance

Minimum Balance

Average monthly balance Rs 1000/-. But, Rs 10000/- in case of accounts opened under CA105 Plus (Current A/c Plus)

Periodicity of deposit

Periodicity of deposit

Running (Operative) Account

Interest

Interest

No interest is paid. However in the event of death of depositor in case of individual A/cs, Joint A/cs, Sole Proprietorship A/cs - interest at SB rate will be paid from the death of death of the A/c holder till the date of settlement.

Charges

Charges

Minimum balance charges, Cheque Book Issue Charges, Ledger Folio Charges SMS Charges, ATM Card Charges, Standing Instructions etc. as per the guidelines advised from time to time.

TDS

TDS

Interest is payable on quarterly basis, i.e., on 1st of every February, May, August and November on the daily balance maintained in the account.

Nomination facility

Nomination facility

Available for Individual Accounts, Joint Accounts, Sole Proprietorship Accounts.
Not available for all other type of Non-Individual A/cs.

Cheque Book

Cheque Book

Available for all Current A/cs.

Other facilities

ATM cum Debit Card for individuals and proprietary concern, Pass Sheet, Standing Instructions, Collection of local and outstation Cheques etc.

*All other Terms & Conditions Applied. For more information please contact our Branch nearest to you.