Karbon K-Account Complete Guide

Modified on Wed, 08 Feb 2023 at 12:30 PM

How to apply for a Karbon K-Account?

Karbon provides a seamless digital application process on K-accounts

1. How do existing card customers open a K-account?

The process is really very simple. Keep your company's PAN card and GSTIN ready with you.

Go to www.karboncard.com
Click on Sign Up.
Choose K-account
Enter the details of your company
Complete your KYC
Your K-account is ready to use and you can load funds to start using a K-account.

2. How do you open individual K-accounts for multiple team members?

It is very easy to invite individual team members to Karbon and allot them unique K accounts using which they can make Payouts. The steps are explained below:

Invite members without issuing a card (Under the team section)
The Team Member accepts the invitation and completes the signup process following the instructions sent to them via email.
As an admin, give payout access to this member (Can be found under Settings>Payout>Payout control)
Give K-account access to this member(Can be found under Settings>Payout>K-account control)
Set the per transaction limit for this member (default value is INR 100,000)
Then this member will be able to payout with their K-account

Easy Payout through K-account

K-account enables you to use the funds for payouts from the individual k accounts. Additionally, you can get the transaction statements via email by requesting the same through the dashboard. This is a time-saver and can easily track the transaction history of every employee on the K account dashboard.

Karbon K-Account- Salient Functionalities:

K account is similar to a virtual wallet to which you can add funds and further use the same for payouts. 

Seamless Internal Transfer: Cashback Cardholders can have their individual K accounts and the Owner/Admin can

internally transfer their funds through the Karbon dashboard. Refer to the clip below to understand better.

Consolidated Account Statements: You can get easy access to the transaction history and can also review the K account

history with multiple filters. Further, you can also fetch customized transaction proofs in Excel and PDf format.

However, the Admin can set up payout limits according to the user's requirements.

Restrict Transaction Limit: Admins can also set up transaction limits for the users' K accounts

Instant Top-Up: Member K-account can be topped up in the following ways:
1. Existing cashback card to K account transfer
2. K account top-up via external bank account/UPI bank transfer.
Realtime Balance: You can now scrutinize the company's and employee's balance on the Karbon's K account dashboard.

FAQ: