Alpha Savings Account Programme Proposition

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Savings Account - Alpha - The Savings & Investment Programme - Kotak Mahindra Bank

GROW:
Let your money grow by earning 4%* interest p.a. on your Savings Account Balance. Earn an even higher interest on your Savings Account by opting for
ActivMoney facility, a feature which moves account balance above a certain threshold to a Term Deposit. What's more, this amount is always available to you without any pre mature withdrawal penalty charges - basically you don't need to constantly keep an eye on the balance and worry about optimising returns.

INVEST:
Choose any one of the following investment options at the time of account opening and be assured of your savings working hard for you through a host of investment options:

Investment Options	Minimum Investment Amount
Systematic Investment Plan (SIP) in Mutual Funds	Rs. 2,000
Recurring Deposit (RD)	Rs. 2,000
Term Deposit (TD)	Value of Term Deposit is 10 times or more of the prescribed product Average Monthly Balance
Savings Account Linked to Online Trading Account (Trinity)	Margin Amount of Rs. 10000 & Above

Pick one or more investments basis your need

1. Recurring deposit:
Secure investment option for short term needs. Your investments will earn at the Prevailing rate for recurring deposits.
Watch your Money Grow (RD Calculator)

2. SIP in mutual funds:
Funds that helps you to build a corpus over the long term
3. Auto choice - Lifecycle Fund:
This is the default option under NPS and wherein the management of investment of funds is done automatically based on the age profile of the subscriber. For full details, one may go through the regulator's (PFRDA) website www.pfrda.org.in wherein the full details of the investment choices and fund management details are provided
4. Term Deposit:
Give your portfolio stability of returns, safety and liquidity.
A Regular term deposit lets you decide when you want the interest on your principal money! You can book a Term Deposit with an interest payout frequency which suites your requirement i.e. Monthly or Quarterly and you can also keep it invested till maturity
5. Savings Account Linked to Online Trading Account (Trinity Account):
Enjoy the benefits of a Bank Account, Demat Account & Online Trading Account on a single platform for your securities transactions.

Experience a seamless and efficient trading experience with the Kotak 3-in1 Account, a unique account that integrates an Online Trading Account, Bank Account, and Demat Account on a single platform for your stock market transactions

With Kotak 3-in-1 Account, your trading process becomes smooth and hassle free and you can experience the best of services we have to offer!
Savings Bank account is offered by Kotak Mahindra Bank and online trading account and Demat account is offered by Kotak Securities Ltd

Experience Kotak Rewards** feature where you can earn up to 1500 Kotak Reward Points on purchases carried out through your Debit Card (Refer Kotak Rewards tab for details)

Eligibility:

Alpha Savings Programme is offered to customers above 18 years of age
Applicable for Resident Indians only and can be offered to Privy and Wealth segment.
In case the customer is holding multiple Savings account with the Bank, he / she can apply for the Alpha programme in one account only and the customer will be eligible for all the features of the program through this account only as a primary holder.
Account linked with Kotak Alpha Savings Programme can be offered to Existing as well as NTB (New To Bank) customers.
Alpha Programme is offered only with Kotak Pro/Ace/Edge/Nova/Classic Savings Account variants

Learn more about the cash rewards for the Alpha Savings Account.
Explore more savings account options that best suit your needs.

Disclaimer

W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.
All benefits are subject to terms, conditions and exclusions.Kindly read program enrolment letter carefully before enrolling
**Rewards are subject to meeting of minimum Spends criteria. Spends should be on domestic and international merchant transactions done on your Debit Cards. The Reward Points will be credited once in a month in your Kotak Rewards Account when the Spends criteria is met. Validity of Reward Points will be 1 year from the date of credit. Details of the same will be communicated through email and SMS. ATM Cash withdrawals are not eligible for rewards.

Revision in General Schedule of Fees & Charges for Savings and Salary w.e.f 1^st June 2022 Click here to know more

Frequently Asked Questions

What is the Alpha - Savings & Investment Programme, and how does it work?

The Alpha Savings & Investment Programme is specially designed to make regular saving fun and easy. With this unique savings programme you can invest in Recurring Deposits, NPS, Fixed Deposits, Mutual Fund and much more all in one place.

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Can I invest in multiple options through the Alpha Savings Account?

Yes, you can invest in multiple options through the alpha savings account.

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Can I withdraw my investment from the Alpha - Savings & Investment Programme at any time?

The minimum tenure for investment is 36 months

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How much can I invest in the Alpha Savings Account?

In alpha savings account the following type of investments can be made as per minimum investment amount:

1) Systematic Investment Plan (SIP) in Mutual Funds - Rs. 2,000.

2) Recurring Deposit (RD) - Rs. 2,000.

3) Term Deposit (TD) - Value of Term Deposit is 10 times or more of the prescribed product Average Monthly Balance.

4) Savings Account Linked to Online Trading Account (Trinity) - Margin Amount of Rs. 10000 & Above

Was this information helpful to you? Yes No

How do I open an account for the Alpha - Savings & Investment Programme?

The criteria for Alpha savings & investment programme account opening is as follows:

1) Alpha Savings Programme is offered to customers above 18 years of age.

2) Applicable for Resident Indians only and can be offered to Privy and Wealth segment.

3) In case the customer is holding multiple Savings account with the Bank, he / she can apply for the Alpha programme in one account only and the customer will be eligible for all the features of the program through this account only as a primary holder.

4) Account linked with Kotak Alpha Savings Programme can be offered to Existing as well as NTB (New To Bank) customers.

5) Alpha Programme is offered only with Kotak Pro/Ace/Edge/Nova/Classic Savings Account variants

Was this information helpful to you? Yes No

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You are never too far away from quick, efficient banking services. Locate your nearest branch or an ATM.

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Be it an enquiry, feedback or a simple suggestion, write to us & we'll get back to you

You are never too far away from quick, efficient banking services. Locate your nearest branch or an ATM.

In case you wish to speak to our phone banking officer for urgent resolution

Be it an enquiry, feedback or a simple suggestion, write to us & we'll get back to you

Alpha – The Savings & Investment Programme (Discontinued)

Disclaimer

Frequently Asked Questions

What is the Alpha - Savings & Investment Programme, and how does it work?

Can I invest in multiple options through the Alpha Savings Account?

Can I withdraw my investment from the Alpha - Savings & Investment Programme at any time?

How much can I invest in the Alpha Savings Account?

How do I open an account for the Alpha - Savings & Investment Programme?

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