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Pro Current Account

Below Scheme codes to follow Applicable GSFC as mentioned below

Scheme Code	Scheme Description	Applicable Scheme Code	Applicable Scheme Description
CAADV	Advantage Current Account	CAPRO	Pro Current Account
TRPCA	Trader Pro Current Account	CAPRO	Pro Current Account
CAFLX	Flexi Current Account	CAPRO	Pro Current Account
CAAPP	Pro Plus Current Account	CAPRO	Pro Current Account
CATRP	Traders Pro Current Account	CAPRO	Pro Current Account
CAPOR	Pro Current Account	CAPRO	Pro Current Account
CAGTP	GTA Pro Current Account	CAPRO	Pro Current Account
CAPRP	Pro Plus Current Account	CAPRO	Pro Current Account
CABPR	Business Pro Current Account	CAPRO	Pro Current Account
MRCLA	Classic 2.0 Current Account	CACLC	Classic Current Account
TRCLA	Trader Classic Current Account	CACLC	Classic Current Account
CACSL	Classic Current Account	CACLC	Classic Current Account
CATRC	Trader Classic	CACLC	Classic Current Account

Schemes with Additional Condition

Scheme Code	Scheme Description	Applicable Scheme Code	Applicable Scheme Description	Additional Remark
CACLC	Classic Current Account	CAPRO	Pro Current Account	Available for Rural / Semi-urban branches with reduced AQB Rs 10,000.
ODINS	Instant Personal Loan Overdraft	CAPRO	Pro Current Account	NIL AQB. Cash Deposit 2 times of ADB ( Average Debit Balance) OR 1 lacs p.m whichever is higher and there after standard charges will be applicable.
ODPBB	Privy Business Banking Account	CAPRO	Pro Current Account	NIL AQB. Cash Deposit 5 times of ACB ( Avg Credit Balance) OR 2 times of ADB ( Average Debit Balance) OR 6 lacs p.m whichever is higher and there after standard charges will be applicable.
ODPER	Personal OD Account	CAPRO	Pro Current Account	NIL AQB. Cash Deposit 5 times of ACB ( Avg Credit Balance) OR 2 times of ADB ( Average Debit Balance) OR 6 lacs p.m whichever is higher and there after standard charges will be applicable.
CASOD	Salaried Overdraft Current Account	CAPRO	Pro Current Account	NIL AQB. Cash Deposit 5 times of ACB ( Avg Credit Balance) OR 2 times of ADB ( Average Debit Balance) OR 6 lacs p.m whichever is higher and there after standard charges will be applicable.
ODRET	Retail Overdraft Account	CAPRO	Pro Current Account	NIL AQB. Cash Deposit 5 times of ACB ( Avg Credit Balance) OR 2 times of ADB ( Average Debit Balance) OR 6 lacs p.m whichever is higher 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.