What are the Sweep in/Sweep out threshold values for Savings and current A/cs variants for this facility?
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors

Type of account

Minimum Sweep in/out threshold value for new signup*

Edge & other equivalent savings account variants

Rs 25,000

Ace / Pro & other equivalent variants

Rs 50,000

Kotak 811 account

Rs 25,000 (Sweep out)

Rs 20,000 (Sweep in)

All Salary Account variants

Rs 25,000

NRO & NRE Savings Accounts

 

Rs. 25,000 for all variants except Platina

Rs. 2 Lacs for Platina NRO/ NRE Variants.

 

Accounts under Kotak Privy League programme

Rs 3 lacs

Accounts under Kotak Private Banking programme

Rs 5 lacs*

Current Account

More than or equal to 3 times the required Minimum balance requirement applicable as per the product variant OR Rs 50,000 whichever is higher

* Minimum Sweep in/out threshold value for accounts under Kotak private banking league will be revised to 5 lacs from 10 lacs for new ActivMoney registrations w.e.f 1st Aug’23. For ActivMoney registrations before 1st Aug’'23, Minimum sweep in/out threshold will continue to be Rs 10,00,000

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