Karnataka Vikas Grameena Bank

Karnataka Vikas Grameena Bank

The KVGB i.e. Karnataka Vikas Grameena Bank is an Indian Regional Rural Bank that is sponsored by Canara Bank. Karnataka Vikas Grameena Bank was founded on 12 Sept 2005. KVGB is under the ownership of the Government of India, Ministry of Finance. Karnataka Vikas Grameena Bank is providing retail banking services especially to rural users and the bank has 628 branches in Karnataka.

Karnataka Vikas Grameena Bank Offerings

Karnataka Vikas Grameena Bank offerings are as follows:

DEPOSIT SCHEMES

Karnataka Vikas Grameena Bank Loans Offered

Karnataka Vikas Grameena Bank Gold Loan

Features:

Features of Karnataka Vikas Grameena Bank are as follows:

• Gold Loan Tenure is of 12 months to 36 months
• Age of Borrower in KVGB Gold Loan must be in between 18 – 70 years
• The maximum Loan Amount in KVGB is Up to 10 lakhs
• The purity of Eligible gold is from 18 carats to 22-carat gold

Eligibility:

• Age Limit: Age should be in between 18-70 years of age
• Nationality: Should be an Indian citizen.
• Employment Status: It can be both Salaried and Self-Employed
• Requirements: The requirements are the Gold Ornaments of 18-22 carats
• CIBIL score: CIBIL score should be above 500

For more information, customers can visit the website of Dialabank.

Karnataka Vikas Grameena Bank Personal Loan

Benefits of Karnataka Vikas Grameena Bank are mentioned below:

1. Interest Rates: Karnataka Vikas Grameena Bank is offering attractive interest rates to its customers. KVGB’s interest rates are 9.99% per annum.
2. Individual Documents:  Customers should show the original documents for a personal loan.
3. Collateral: In KVGB there is no need for any collateral to make loan processing easier.
4. Application Process: The application process is quite easy and there are some basic needs such as the Customer’s KYC documents, Income proof along with 2 Passport size photographs.

Eligibility:

• CIBIL score: CIBIL score should be 750 and above
• Min Income: It should be Rs 25,000 per month.
• Age: The Age Limit should be in between 21-60 years.
• Occupation: Individual can be Salaried/Self-employed

Karnataka Vikas Grameena Bank Car Loan

Eligibility:

• Loan Tenure: It should be from 1 year – 7 years
• Age Criteria: For Salaried it is 21 years – 60 years and for Self Employed, It is 21 to 65 years
• Loan Amount: The Minimum Loan Amount is ₹ 100,000
• Interest Rate: It is 7.05% per annum
• Processing Fee: The Processing Fee in KVGB is 0.40% of the principal amt.

Documents Required:

• Identity Proof: The Income proof can be Aadhaar Card/ Driving Licence/ Passport/ PAN/ Voter ID
• Address Proof: It contains Passport/ Driving Licence/ Aadhaar Card/ PAN/ Voter ID
• Date of Birth Proof: For DOB proof we need a Birth Certificate/ Driving Licence/ Passport/ PAN
• Signature Proof: It could be a Passport/ PAN / Bankers Verification
• Income Proof: Salary Slips and Latest Form 16
• Bank Statement: It should be from the last 3 months.

Karnataka Vikas Grameena Bank Credit Card

Documentation

• Identity Proof: Such as Passport / PAN Card/ Voters ID card/ Driving License are required.
• Application Form along with 2 passport size photographs are required
• Address Proof: It could be a Ration card/Electricity Bill/ Tel/ Passport/ Trade license
• The land holdings ownership documents are required.
• Income Proof as required by the Bank.

Eligibility

• Tenant Farmers/ Sharecroppers are eligible
• All Farmers Individuals or Joint who are the owner cultivators.
•  Partnership firms or Pvt. & Public Company Ltd.
• JLGs/ SHG of farmers such as Tenant farmers & sharecroppers.
• The Farmer’s Registered GPA holders

Karnataka Vikas Grameena Bank Net Banking

Here is the list of benefits of using the KVGB mobile banking services:

• Saving Time: Customers can perform all transactions Using online banking services through their mobile and it saves a lot of time.
• Saving cost: Not even a single penny is charged on mobile/digital banking services.
• Security: Using a banking PIN is a necessity in the case of all transactions, so the customer can be 100% assured regarding the security and safety of transactions.

Karnataka Vikas Grameena Bank Customer Care Number

Karnataka Vikas Grameena Bank Customer Complaints

Customers can contact this number: 0836-2448626 for any kind of difficulty related to KVGB loans. The complaint can be sent to the Head Office.  The customer can write the complaint and fax the complaint to this number, 836-2796843.

How to Open a Savings Account in Karnataka Vikas Grameena Bank

The customer should follow the below-mentioned steps:

(1) The very first step is to visit the branch of Karnataka Vikas Grameena Bank.

(2) Fill up the AOF i.e. Account Opening Form for Savings Account

(3) Attach the Required Documents along with the Account Opening Form

(4) Next step is the Verification of AOF as well as Other Documents by the Banker

(5) Deposit the Minimum Balance amt. in your Savings Account according to the Savings Account requirement

(6) Obtain the Cheque Book, Debit Card, Passbook, etc. from the Bank

How to Open a Current Account in Karnataka Vikas Grameena Bank

(1) Visit the Bank Branch

(2) Fill up the AOF for Current Account

(3) Attach all the documents that are Required with the AOF

(4) Verification of AOF, as well as Other Documents, is done by the Banker

(5) Deposit the Minimum Balance Amount

(6) Obtain the Cheque Book, Passbook, etc. from the Bank

Karnataka Vikas Grameena Bank FAQs

✅ How can one check their balance in Karnataka Vikas Grameena bank?

✅ What’s the Gold Loan interest rate in KVGB?

Gold Loan interest rate charged by KVGB depends on the total amount that can be borrowed and it usually starts from 7% per annum.