What are the fees associated with an Ace savings account?

Basic fees like Non Maintenance Charges, cash transaction/withdrawal charges, DD/Chequebook charges, branch request charges etc. are associated with the Ace Savings Account, for more details please visit : https://www.kotak.com/en/personal-banking/accounts/savings-account/Ace-savings-account/fees-and-charges.html

What documentation is required to open an Ace savings account?

The documents required for Ace savings account are as follows: 1) Identity Proof - Driving License, Passport, Voter's ID, Aadhaar Card etc. 2) Addres Proof - Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old) 3) Signature Proof - PAN Card, Driving License, Passport 4) Latest Passport Size Photographs

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Ace Savings Account

The Ace Savings Account is exclusively designed to give you additional advantages and banking benefits, all without any extra premium. This means, you can get the most out of your banking experience with this one, power-packed savings account.

Monthly Balance

Average Monthly Balance (AMB)
of Rs. 50,000/-

Attractive Interest Rates

Earn FD like interest in your Savings Account with ActivMoney, click here to know more

Free at-par cheque

Free outstation
cheque collection

Free Cash Withdrawals

Free access to all domestic VISA ATMs, free cash withdrawals at ATMs of any Kotak Branch across India

Digital Banking

Free Phone Banking,
Net Banking and
Mobile Banking

Free Fund Transfer

Free RTGS /
NEFT / IMPS

Free Platinum International chip Debit Card

Make your everyday payments with ease using Platinum International Debit Card. For further information
, please click

More Features and Benefits

Free multi-city cheque books** (at par cheque books)
Free add-on Platinum International Debit Card^*
Free Home Banking⁴
Free Demand Drafts (unlimited at Kotak Bank locations)
Avail a discount of 15% on Locker Rent⁵

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Disclaimer

1. Effective Oct 17,2024, daily balances in Savings Account up to Rs. 5 lakhs will earn 3% interest p.a. Daily balances above Rs. 5 lakhs & up to Rs. 50 lakhs; and above Rs. 50 lakhs will continue to earn 3.50% and 4% interest p.a. respectively. These interest rates are applicable for Resident Accounts only.

2. NMC: Non-Maintenance Charge. NMC Waiver is applicable only if the principal Ace Account meets the stipulated Average Monthly Balance requirements.

3. Per transaction limit is Rs. 10,000/-.

4. Conditions apply.

5. Subject to maintenance of the required AMB in the Ace Savings Account.All benefits are subject to terms, conditions and exclusions.*Non chip enabled Debit Cards issued on or after December 1, 2013, cannot be used outside India.

6. Please click here for ActivMoney terms and conditions.

**Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges

Eligibility Criteria

To apply for Ace Savings Account you need to hold any one of the following accounts with us

Resident Indian (Sole or Joint Account)
Hindu Undivided Families
Foreign Nationals Residing in India¹

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Disclaimer

¹ Foreign nationals (resident in India), should obtain an undertaking in form QA 22 duly signed by all the persons (irrespective of nationality) who are authorised to operate on the accounts. Fresh declarations will be necessary in the event of any addition to the list of persons authorised to operate on the accounts. Form QA 22 need not be completed by foreign nationals of non-Indian origin permanently resident in India and foreign nationals of Indian origin (other than those who are residing in India for employment of specified duration irrespective of the length thereof or for a specific job or assignment, the duration of which does not exceed three years) and foreign-born wives of Indian nationals and of persons of Indian origin resident in India.

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Check the documents required for the Ace Savings Account.

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Be ready with following documents while opening this account

(Original for verification and self-attested copies for submission)

Document	Valid Type
Identity Proof	Driving License, Passport, Voter's ID, Aadhaar Card
Addres Proof	Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)
Signature Proof	PAN Card, Driving License, Passport
Latest Passport Size Photographs

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Fees and Charges for Ace Savings Account