Terms and Conditions

Personal
Business
Corporate
Private Banking
Privy League
NRI Services
Investors

Accounts & Deposits
- Savings Account
- Current Accounts
- Privy League
- Salary Accounts
- Other Accounts
  - See All Other Accounts
  - Stocks
- Service Requests
- Deposits
Cards & Prepaid Services
- Credit Cards
- Debit Cards
- Prepaid Services/Spendz
- Credit Card Services
- Other Card Services
- Wearable Payment
  - See All Wearable Payment
Loans
- Personal Loan
- Home Loan
- Business Loan
- Other Loans
- Smart EMI
- Loan Account Services
Investment & Insurance
Payments & Taxes
- Money Transfer / Forex
- Bill Payments & Recharges
- Loan & Card Payment
- Tax Payment
- FAStag
Offers
- Popular Categories
- Offers by Payment Type
- Popular Offers
Service Request
- Update Profile
- Saving and Current Accounts
- Debit and Credit Cards
- Personal Loans
- Home Loans
- Business Loans / Loan Against Property / Payday Loans
  - See All Business Loans / Loan Against Property / Payday Loans
  - Raise a service request

Accounts
- Current Accounts
- Fees and Charges - Current Account
  - See All Fees and Charges - Current Account
- Retail Institutions Account (TASC)
  - See All Retail Institutions Account (TASC)
- Privy League
- Salary2Wealth - Corporate Benefit
  - See All Salary2Wealth - Corporate Benefit
  - Edge Salary Account
- Government Business
- Connected Banking
  - See All Connected Banking
Loans
- Business Loan
- Working Capital
- Other Loans
Payment & Tax Solutions
- Payment Solutions
- Money Transfer
- Bill payments/Recharges
- Loan/Card Payment
- Tax Payment
Trade Services
- Domestic
  - See All Domestic
- International - Exports
  - See All International - Exports
- International - Imports
  - See All International - Imports
- Bank Guarantee
  - See All Bank Guarantee
- Letter of Credit
  - See All Letter of Credit
- Export Credit
  - See All Export Credit
- Import credit
  - See All Import credit
Offers Beyond Banking
- Business Management & Marketing
  - See All Business Management & Marketing
- ERP & Accounting
  - See All ERP & Accounting
- Logistics
  - See All Logistics
- Human Resource
  - See All Human Resource
- Business Travel
  - See All Business Travel
- Co-working Space
  - See All Co-working Space
- Taxation & Legal
  - See All Taxation & Legal
- Healthcare Solutions
  - See All Healthcare Solutions
- Industry Insights
  - See All Industry Insights

Explore Products
- Cash Management Services
- Trade & Supply Chain Finance
- Trade Service
Sector Expertise
Accounts

About Us
- Kotak Private Banking
  - See All Kotak Private Banking
- Kotak Private
  - Learn more
- Awards & Accolades
  - See All Awards & Accolades
Our Offerings
- Investment Management
  - See All Investment Management
- Banking Solutions
  - See All Banking Solutions

Privy League
Overview
Privy League
Programmes
- Customized Programmes
Privy
Offerings

NRI Accounts & Deposits
- Savings Account
  - See All Savings Account
- Current Account
  - See All Current Account
- Deposits
  - See All Deposits
- Structured Products
  - See All Structured Products
- Special Products
  - See All Special Products
NRI Money Transfer
- Wire Transfer
  - See All Wire Transfer
- Remittances from Exchange House
  - See All Remittances from Exchange House
- Foreign Currency Cheques
  - See All Foreign Currency Cheques
NRI Loans
- NRI Home Loan
  - See All NRI Home Loan
- NRI Home Improvement Loan
  - See All NRI Home Improvement Loan
NRI Cards
- Credit Cards
  - See All Credit Cards
- Debit Cards
  - See All Debit Cards
- Prepaid Cards
  - See All Prepaid Cards
- Debit Card Services
  - See All Debit Card Services
- Credit Card Services
  - See All Credit Card Services
NRI Investment & Insurance
- Life Insurance
  - See All Life Insurance
- Mutual Funds
  - See All Mutual Funds
- National Pension System (NPS)
  - See All National Pension System (NPS)
- Portfolio Investment Schemes
  - See All Portfolio Investment Schemes
- Demat Account
  - See All Demat Account
NRI Privy League

Overview
Financials
Governance
Shareholding &
Investor Info
Sustainability
Investor updates
- Tech@Kotak
  - See All Tech@Kotak
- Kotak811 Events
  - See All Kotak811 Events
Disclosures
Regulation 46 and 62
IEPF

Products

Popular Products

Credit Cards

Personal Loan

Savings Account

Home Loan

Current Account

Business Loan

Mutual Fund

NPS

Tax

Fixed Deposit

Help

Quick Help

Locate us

Report Fraud / Raise Dispute

Frequently Asked Questions

Accounts

Payments

Credit Card

Kotak 811

My Profile

Loans

Digital Banking

Deposits

Investments

Insurance

Working Capital

Get App

For Kotak Bank Customers

Kotak Mobile Banking App

Open Savings Account

For Kotak811 Customers

Kotak811 Mobile Banking App

Open Kotak811 Account

Elite Current Account

Below Scheme codes to follow Applicable GSFC as mentioned below

Scheme Code	Scheme Description	Applicable Scheme Code	Applicable Scheme Description
CAORA	Orange Current Account	CAELT	Elite Current Account
CAELI	Elite Current Account	CAELT	Elite Current Account
CAAML	Activ Money Lite Current Account	CAELT	Elite Current Account
CAAEP	Elite Plus Current Account	CAELT	Elite Current Account
CAELP	Elite Plus Current Account	CAELT	Elite Current Account
CAGTE	GTA Elite Current Account	CAELT	Elite Current Account

Schemes with Additional Condition

Scheme Code	Scheme Description	Applicable Scheme Code	Applicable Scheme Description	Additional Remark
ODAGR	Agri Finance Overdraft Account	CAELT	Elite Current Account	Cash Deposit offered at NIL charges up to INR 20 lakh per month and there after standard charges will be applicable.
ODLOG	Kotak Logistics Overdraft Account	CAELT	Elite Current Account	NIL AQB. Cash Deposit offered at NIL charges up to INR 10 lakh per month and there after standard charges will be applicable.
CABFA	Business Finance Current Account	CAELT	Elite Current Account	NIL AQB. Cash Deposit offered at NIL charges up to INR 10 lakh per month and there after standard charges will be applicable.
CAPPV	Business Plus Current Account	CAELT	Elite Current Account	NIL AQB. Cash Deposit offered at NIL charges up to INR 10 lakh per month and there after standard charges will be applicable.
CABUS	Business Current Account	CAELT	Elite Current Account	NIL AQB. Cash Deposit offered at NIL charges up to INR 10 lakh per month and there after standard charges will be applicable.
ODRFD	Overdraft against fixed deposit - Resident Account	CAELT	Elite Current Account	NIL AQB. Cash Deposit offered at NIL charges up to INR 10 lakh per month and there after standard charges will be applicable.
CHLOD	Business Vintage Current Account	CAELT	Elite Current Account	NIL AQB. Cash Deposit offered at NIL charges up to INR 10 lakh per month and there after standard charges will be applicable.

Please Note:
1 Classic Card will not be available to customers whose Current Account has been opened with Kotak Bank post 20th Dec,2011. Charges against Classic Card will be same as that of Business Gold
Coin Deposit charges: "Nil Charges" upto deposit value of Rs 50 ; Beyond Rs 50 per instance, 5% on entire amount of coins deposited will be charged. Low Denomination Charges: 0.5% of the value above Rs 5000 deposit per instance ; Only Rs 10 and Rs 20 notes will be considered.
SMS Alerts & Updates : - Mandatory Alerts will not be charged
Home Banking (On Call & Beat Service) - Offered at select locations. Maximum slab avaliable for cash pick up is up to 100 lacs only. Lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
^Home Banking Beat Cash Service charges will be charged as per agreed Contractual Slab on a monhtly basis. The charges are applicable per month & per location basis
Non financial Txn under debit card section includes Balance enquiry , Mini Statement & PIN Change.
^^Debit Card Transaction eligibilty Five free transactions (inclusive of financial and non-financial transactions) every month from own bank ATMs. From other bank ATMs (inclusive of financial and non-financial transactions) free three transactions per month in metro centres and five transactions in non-metro centres.
Top 6 Cities#+ Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad
* Indicates Standard Charges are Applicable
Abbreviations Used: For all value figures L=Lakhs & K=Thousand; Chq = Cheque; Std = Standard; Chrg = Charge; Txn=Transaction; p.m.=per month; p.a.=per annum; Avg=Average; FCY= Foreign Currency; FT=Fund Transfer; Corr=Correspondent; TOD=Temporary Overdraft; w/o= without
"NIL Charges" are not applicable for Current Accounts Maintaining Less than 75% of the Required Product AQB:
Product wise limits offered on cash deposit with "NIL Charges" shall be applicable only if the Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product AQB; else standard charges shall apply as per the GSFC in effect. Additionally, AQB non-maintenance charge will also be applicable as mentioned in GSFC.
Dynamic Currency Conversion (DCC) markup fee of 1% plus GST will be applicable on Kotak Bank Debit Cards w.e.f. Nov 01, 2024. DCC markup fee will be applicable on all ATM, POS/ In-store or Online transactions. 1. Transactions done in Indian currency (INR) at international locations 2. Transactions done in Indian currency (INR) with merchants located in India but registered in an international location
**Indo - Nepal Remittance Scheme (NEFT Charges):
If beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): Rs 25 per txn (incl all taxes)
If beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes)
# Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular
~ Any purchase / sale of foreign exchange will attract GST on the gross amount of currency exchanged as per GST on Foreign Currency Conversion Charges (FCY) table above
Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs 300/- per rejection.
*Nil charges on Transaction and Value added SMSalerts to the customers who have subscribed for Daily/Weekly balance alert facility.
*Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent without any charges, even if Daily/Weekly Balance SMS alerts facility has not been subscribed.
The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA/Master Card wholesale exchange rate prevailing at the time of transaction.
<> Indicates penalty charges
Charges are exclusive of the Goods and Service Tax (GST). With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
"State Government taxes / Cess as applicable shall be charged”
W.e.f 1st July,2020; threshold as well as Rate of TDS applicable for CASH withdrawal will dependent on submission of proof of Income Tax Return filed. Revised TDS rates will be as under :
Aggregate Cash Withdrawals in all accounts in a Financial Year	Income tax Return copy Submitted to Bank	Income tax Return copy NOT Submitted to Bank
Upto Rs.20 Lakhs	Nil	Nil
Rs.20 lakhs to Rs. 1 crore	Nil	2%@
In Excess of Rs. 1 crore	2%@	5%@
@If PAN is not updated in the account then the TDS deduction at the rate 20% as per section 206AA of the Income Tax Act will apply. For foreign companies, foreign partnership firms, Non-residents additional surcharge and health & education cess will be applicable as per Income Tax law.
All charges are subject to revision with an intimation of 30 days to account holders. Closure of account due to revision of charges will not be subject to account closure charges.

Please Note:

1 Classic Card will not be available to customers whose Current Account has been opened with Kotak Bank post 20th Dec,2011. Charges against Classic Card will be same as that of Business Gold

Coin Deposit charges: "Nil Charges" upto deposit value of Rs 50 ; Beyond Rs 50 per instance, 5% on entire amount of coins deposited will be charged. Low Denomination Charges: 0.5% of the value above Rs 5000 deposit per instance ; Only Rs 10 and Rs 20 notes will be considered.

SMS Alerts & Updates : - Mandatory Alerts will not be charged

Home Banking (On Call & Beat Service) - Offered at select locations. Maximum slab avaliable for cash pick up is up to 100 lacs only. Lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.

^Home Banking Beat Cash Service charges will be charged as per agreed Contractual Slab on a monhtly basis. The charges are applicable per month & per location basis

Non financial Txn under debit card section includes Balance enquiry , Mini Statement & PIN Change.

^^Debit Card Transaction eligibilty Five free transactions (inclusive of financial and non-financial transactions) every month from own bank ATMs. From other bank ATMs (inclusive of financial and non-financial transactions) free three transactions per month in metro centres and five transactions in non-metro centres.

Top 6 Cities#+ Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad

* Indicates Standard Charges are Applicable

Abbreviations Used: For all value figures L=Lakhs & K=Thousand; Chq = Cheque; Std = Standard; Chrg = Charge; Txn=Transaction; p.m.=per month; p.a.=per annum; Avg=Average; FCY= Foreign Currency; FT=Fund Transfer; Corr=Correspondent; TOD=Temporary Overdraft; w/o= without

"NIL Charges" are not applicable for Current Accounts Maintaining Less than 75% of the Required Product AQB:

Product wise limits offered on cash deposit with "NIL Charges" shall be applicable only if the Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product AQB; else standard charges shall apply as per the GSFC in effect. Additionally, AQB non-maintenance charge will also be applicable as mentioned in GSFC.

Dynamic Currency Conversion (DCC) markup fee of 1% plus GST will be applicable on Kotak Bank Debit Cards w.e.f. Nov 01, 2024. DCC markup fee will be applicable on all ATM, POS/ In-store or Online transactions.
1. Transactions done in Indian currency (INR) at international locations
2. Transactions done in Indian currency (INR) with merchants located in India but registered in an international location

**Indo - Nepal Remittance Scheme (NEFT Charges):

If beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): Rs 25 per txn (incl all taxes)

If beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes)

# Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular

~ Any purchase / sale of foreign exchange will attract GST on the gross amount of currency exchanged as per GST on Foreign Currency Conversion Charges (FCY) table above

Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs 300/- per rejection.

*Nil charges on Transaction and Value added SMSalerts to the customers who have subscribed for Daily/Weekly balance alert facility.

*Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent without any charges, even if Daily/Weekly Balance SMS alerts facility has not been subscribed.

The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA/Master Card wholesale exchange rate prevailing at the time of transaction.

<> Indicates penalty charges

Charges are exclusive of the Goods and Service Tax (GST). With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.

"State Government taxes / Cess as applicable shall be charged”

W.e.f 1st July,2020; threshold as well as Rate of TDS applicable for CASH withdrawal will dependent on submission of proof of Income Tax Return filed. Revised TDS rates will be as under :

Aggregate Cash Withdrawals in all accounts in a Financial Year

Income tax Return copy
Submitted to Bank

Income tax Return copy NOT
Submitted to Bank

Upto Rs.20 Lakhs

Nil

Rs.20 lakhs to Rs. 1 crore

Nil

2%@

In Excess of Rs. 1 crore

2%@

5%@

@If PAN is not updated in the account then the TDS deduction at the rate 20% as per section 206AA of the Income Tax Act will apply. For foreign companies, foreign partnership firms, Non-residents additional surcharge and health & education cess will be applicable as per Income Tax law.

All charges are subject to revision with an intimation of 30 days to account holders. Closure of account due to revision of charges will not be subject to account closure charges.