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Karnataka Bank Introduces Two New Financial Products for Students KBL Peak and KBL Genius.

Banking & Finance | Dated: 20 Nov 2024

Karnataka Bank Limited (KBL) has launched 2 financial products, "KBL Peak" and "KBL Genius," to empower the younger generations and contribute to India's growing knowledge economy.

🎯 Key Highlights:

- 'KBL Peak' is an education loan with financing of up to Rs 2 crore and comprehensive coverage, while 'KBL Genius' is a student savings account featuring free cyber insurance.
- These products aim to help students pursue their academic goals and aspirations with financial freedom, contributing to a brighter future for both individuals and the nation.
- KBL Peak supports students pursuing higher education in India and abroad, covering tuition, accommodation, travel, books, and laptops. It offers a pre-admission sanction letter, credit life insurance for students and parents, and interest rate concessions for female STEM (Science, Engineering, Technology, and Mathematics) students, promoting financial ease and gender inclusion in education.

💡 Other Important Facts:

(i) KBL Genius savings account is a student-focused product available in two variants: 'KBL Genius Signature' and 'KBL Genius Advantage.'
(ii) It comes with features like a minimum average balance requirement, seamless digital transactions, and exclusive benefits on debit cards. KBL Genius empowers students to manage their finances effectively.

📚 Test Your Knowledge:

Recently, which bank launched two new financial products for students, named KBL Peak and KBL Genius?

Correct Answer: Karnataka Bank

🚀 Quick Recap:

About Karnataka Bank Limited(KBL)

MD & CEO : Srikrishnan Hari Hara Sarma
Headquarters- Mangaluru, Karnataka