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Whether you're saving for a dream vacation or your child's education, or building a safety net, there’s a Kotak Savings Account tailor-made for all your dreams and goals. Experience the convenience of modern banking by opening a Savings Account in just a few steps. Start today and embark on your financial journey effortlessly.
Our streamlined account opening process lets you open a savings account and set up your bank account online effortlessly, ensuring personalized benefits for all. Check out the different types of Kotak Bank Savings Accounts below to find the perfect fit!
Civil Pension
(Please note these account variants are no longer available for new account opening)
Want a savings account in India that gives you diverse benefits beyond just savings? Kotak Bank’s Savings Accounts check this box easily. With the instant account opening facility, it’s now easier than ever to start saving up for your future. But before you open an instant bank account, it’s crucial to know the eligibility criteria in place. These criteria vary based on the type of account you choose.
Broadly, however, you need to meet the following conditions to open a Savings Account with Kotak Bank.
Note: Foreign nationals residing in India, members of Hindu Undivided Families (HUFs), HUFs themselves and minor children can also open certain types of Kotak Savings Accounts.
Opening a new Kotak Savings Account is easy. Here’s what you need to do to kickstart your savings journey with Kotak Bank.
Step 1: Visit your nearest Kotak Mahindra Bank Branch
The on-ground executives would be ready to assist you with the process
Step 2: Submit the following documents
Step 3: Complete the biometric process
Complete the KYC process to activate your Kotak savings account.
Note: Kindly ensure you have a strong internet connection for due completion of video KYC. Don’t forget to enable live location access for the same. Additionally, keep a plain white paper and a blue/black pen ready to upload your signature during this step.
Savings Bank A/c |
|||
Nature |
Rate of Interest |
||
For balances up to Rs.50 Lakh |
For balances above Rs. 50 Lakh |
||
A. Domestic (w.e.f. February 17, 2025) |
3.00% p.a. |
3.50% p.a. |
|
B. Non Resident (NRE/NRO) (w.e.f. February 17, 2025) |
3.00% p.a |
3.50% p.a. |
|
|
|||
The bank offers floating rate linked savings deposit. For details click here savings account interest rate, or contact your branch/relationship manager.
Kotak Mahindra Bank is registered with DICGC (DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION), know more.
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A savings account in India is a new bank account that you can open with a bank. You can deposit money into this account and earn interest on the balance therein. You can also withdraw funds from your savings account based on your financial requirements. With many banks now offering instant account opening facilities, getting an instant bank account has never been easier. Leading banks today also cater to various customer segments, with specific accounts for senior citizens, salaried people, women and even children.
