Startup Regular Current Account

Average Quaterly Balance - ₹50,000

Fees and Charges
Terms and Conditions

Non Maintenance

Non-maintainance charges per quarter:

AQB < 50% of the required Product AQB: ₹2,500

AQB >=50% but < 100% of the required Product AQB: ₹1,500

Cash Transactions

Charges effective from 1st February, 2025

Cash Transactions	Charges
Cash Deposit (Home and Non Home branch Location)	Nil Charges up to 10 times of prev month's avg credit balance, Max 1Cr p.m. Thereafter ₹3.5/1000 (Min. 50 per txn)
Cash Withdrawal: For Non - home Branch Location	Nil Charges upto 50,000 per day; Thereafter ₹2/1000 (Min. 50 per txn)

Non-Cash Transactions

Charges effective from 1st February, 2025

Non-Cash Transactions	Charges
RTGS payment through online mode or branches	Nil Charges
NEFT** payment through online mode or branches	Nil Charges
IMPS Payment	Up to ₹1,00,000: ₹5 / transaction Above ₹1,00,000 : ₹15 / transaction
Fund Transfer	Nil Charges
Cheque Book: Default Cheque Book is Payable At-par Only	Nil Charges up to 200 cheque leaves p.m. Thereafter, up to 500 leaves/p.m. - ₹2/leaf; Above 500 leaves/p.m. - ₹3/leaf
Out-station Cheque (Cheques drawn on non-speed clearing branches)	Nil Charges
Demand Draft / Banker's cheque payable at Branch Locations	Nil Charges up to 50 DD / BC p.m. Thereafter, ₹1 / 1000 (Min. 40 Max. 5000)
Demand Draft / Banker's cheque payable at Non- Branch Locations	₹2 / 1000 (Min. 40 Max. 5000)

Home Banking

Charges effective from 1st February, 2025

Home Banking Services	Charges
On Call Request: Cheque Pick-up/DD Delivery	₹75 / request
On Call Request: Cash Pick-up or Delivery^	Upto 2 Lakh: ₹875 ₹2 Lakh to ₹6 Lakh: ₹1,475 ₹6.01 Lakh to ₹10 Lakh: ₹2,475 ₹10.01 Lakh to ₹20 Lakh: ₹4,075 ₹20.01 Lakh to ₹100 Lakh: ₹6,675/- per request
Beat Services: Cheque Pickup	Nil Charges

Debit Cards / ATM Usage

Charges effective from 1st February, 2025

Debit Cards / ATM Usage	Charges
Debit Card charges	₹259 p.a.
Other Bank's VISA ATMs - Domestic - Non Financial Transaction	₹8.50 per txn
Other Bank's VISA ATMs - Domestic - Cash withdrawal	₹21 per txn
PIN Regeneration at ATM/ Net Banking/ Phone Banking,	Nil Charges
Debit Card Replacement (Lost / Stolen Card)	Nil Charges
Other Bank's VISA ATMs - International - Non Financial Transaction	₹25 / Txn
Other Bank's VISA ATMs - International - Cash Withdrawal	₹150 / Txn
Transactions declined at merchant outlets / websites / ATM, due to insufficient balance^^	₹25 / Txn
Kotak ATM: For Non Financial txn or Cash Withdrawal	Nil Charges
Privy Debit Card Charges
Platinum Card , Signature Cards & Business Cards	₹750 p.a
Neon Debit Card & Private Banking Infinite Card	₹1500 p.a
LED Card	₹2500 p.a
Black Metal Card	₹5000 p.a

Penal Charges

Charges effective from 1st February, 2025

Penal Charges
Cheques Deposited & Returned (Outward): Local	Nil charges upto 3 p.m.; Thereafter ₹100 per cheque
Cheques Deposited & Returned (Outward) Out-station	50 per Cheque + Corr Bank Chrgs
Cheques Issued and Returned (Inward) & ECS returns: Financial Reasons	Up to 3 returns - ₹350 / instance; 4th return onward ₹750 / instance

Other Charges

Charges effective from 1st February, 2025

Other Services	Charges
Balance (Daily/Weekly), Transaction & Value Added Alerts	SMS - ₹0.50 per SMS Email - Nil charges
Bank Statement Weekly (Physical),Annual Combined Statement,Balance Statement (Other than 31st March)	Nil Charges
Standing Instruction - Set-up/ Amendment	Nil Charges
Interest Statement & DD/BC Cancellation & Revalidation	Nil Charges
Signature Verification Address Confirmation	Nil Charges
Record retrieval charges & Photo Attestation	Nil Charges
Confidential Report & Credit Confirmation	Nil Charges
IMT - Instant Money Transfer ( Cashless Card Withdrawal)	Nil Charges
Mandate Registration Charges	₹50/Instance
Account Closure Charges (Customer Induced Closure)	Nil Charges
IMT ( Cashless Card Withdrawal)	Nil Charges
Ad- hoc Statements Request at Branch/ Phone Banking	<=365 Days: ₹100 >365 Days: ₹200
Ad- hoc Statements Request On Net Banking/ ATM	₹50
Fund Transfer Return: Finance Reason	₹300
Cheque Purchase Charges	₹0.5/1000 per day
Travelers Cheque Encashment	1% of TC Amount
Stop Payment	₹100 / request
Standing Instruction Failure	₹100
TDS Certificate(Duplicate only)	₹200/request
Solvency Certificate	₹10000
TOD Charges	₹500
Authorised Dealer Code Letter	₹500/request
GST on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency	Value on which GST rate will be applicable
Up to 1,00,000	1% of the gross amount of currency exchanges or minimum of ₹250/-
Above ₹1,00,000/- to ₹10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
Above ₹10,00,000/-	₹5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of ₹60,000/-
Foreign Currency Payments & Collections
DD Issuance/DD Cancellation /DD Revalidation/Cheque Collection	₹500
TT Transfer: Corr Bank Charges Borne by Beneficiary	₹250
TT Transfer: Corr Bank Charges Not Borne by Beneficiary	₹1000
Cheque Deposited and Returned ~ / Cheque Issued and Returned ~ <> (Financial Reasons)	₹1000

Charges effective from 1st February, 2025

Please Note:
*Indicates Standard Charges are Applicable
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 entire Low denomination deposit 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.
^ Maximum slab available for cash pick up is up to 100 lacs only
Non financial Txn under debit card section includes Balance enquiry , Mini Statement & PIN Change.
Top 6 Cities#+ Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad
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.
Abbreviations Used: For all value figures L = Lakhs & K-Thousand; Prev = Previous; Chq = Cheque; Std = Standard; Chrg = Charge; Txn = Transaction; p.m. = per month; p.a. = per annum; Avg = Average; FCY = Foreign, FT = Fund Transfer Currency;
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
Home branch location is defined as all the branches belonging to the same clearing zone in which the account is opened.
SMS Alerts Facility:
‘- Transaction and Value Added SMS alerts would be sent free to the subscribed user for Daily / Weekly Balance Alerts
‘- Alert that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not being subscribed.
** 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 Service Tax on the gross amount of currency exchanged as per Service Tax 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.
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.
A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April 1,2019]
Annual maintenance charge (AMC) for Easy Pay debit card will be Rs. 250 p.a. and reissuance / replacement fee will be Rs. 200 per card. Unlimited free withdrawal at Kotak ATM and all domestic / international non Kotak ATM transaction will be chargeable for Easy Pay debit card (Rs. 20 per domestic financial transaction, Rs, 8.5 per non-financial domestic transaction, Rs. 150 per international financial transaction and Rs. 25 per non-financial international 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.

Explore Current Account Fees & Charges across multiple products

Startup Regular Current Account

Non Maintenance

Cash Transactions

Charges effective from 1st February, 2025

Non-Cash Transactions

Charges effective from 1st February, 2025

Home Banking

Charges effective from 1st February, 2025

Debit Cards / ATM Usage

Charges effective from 1st February, 2025

Penal Charges

Charges effective from 1st February, 2025

Other Charges

Charges effective from 1st February, 2025

Charges effective from 1st February, 2025

Ready to take the next step?

Explore Current Account Fees & Charges across multiple products

Startup Regular Current Account

Non Maintenance

Cash Transactions

Charges effective from 1st February, 2025

Non-Cash Transactions

Charges effective from 1st February, 2025

Home Banking

Charges effective from 1st February, 2025

Debit Cards / ATM Usage

Charges effective from 1st February, 2025

Penal Charges

Charges effective from 1st February, 2025

Other Charges

Charges effective from 1st February, 2025

Charges effective from 1st February, 2025

Ready to take the next step?

Related Products

Startup Premium Current Account

Pro Current Account

Edge Current Account