Karur Vysya Bank has launched a new savings bank product “KVB Freedom SB Account”. The product offers multicity features for its savings bank customers. Some of these features include payable at par cheques facility at all branches up to Rs. 15 lakh a month; free cash remittance facility up to Rs. 75,000 a month, free net and mobile banking and free Visa debit card with accidental death insurance cover of Rs. 2 lakh, says a bank release.