What is the minimum balance for classic account?

The minimum average monthly balance for Classic Savings account is Rs.10,000.

What are the features of classic savings account?

It is power packed with lot of features, which are as follows: 1. Average Monthly Balance (AMB) of Rs. 10,000/- 2. Earn up to 3.5% interest on your savings account balance1 3. Free access to all domestic VISA ATMs 4. Free Classic Debit Card 5. Free Net Banking, Mobile Banking and Phone Banking 6. Free cash pick-up/delivery (5 calls per month) 7. Free instrument pick-up/delivery (5 calls per month) 8. Free NEFT through Netbanking 9. Free cash withdrawals from any Kotak branch across India 10. Free cash withdrawals at other domestic ATMs 11. Free Demand Drafts 12. 50 % Discount on first year Demat AMC 13. Convert savings account balance above a certain amount into Term Deposits with Kotak ActivMoney

Documents Required for Classic Savings Account

Personal
Business
Corporate
Private Banking
Privy League
NRI Services
Investors

Accounts & Deposits
- Savings Account
- Current Accounts
- Privy League
- Salary Accounts
- Other Accounts
  - See All Other Accounts
  - Stocks
- Service Requests
- Deposits
Cards & Prepaid Services
- Credit Cards
- Debit Cards
- Prepaid Services/Spendz
- Credit Card Services
- Other Card Services
- Wearable Payment
  - See All Wearable Payment
Loans
- Personal Loan
- Home Loan
- Business Loan
- Other Loans
- Smart EMI
- Loan Account Services
Investment & Insurance
Payments & Taxes
- Money Transfer / Forex
- Bill Payments & Recharges
- Loan & Card Payment
- Tax Payment
- FAStag
Offers
- Popular Categories
- Offers by Payment Type
- Popular Offers
Service Request
- Update Profile
- Saving and Current Accounts
- Debit and Credit Cards
- Personal Loans
- Home Loans
- Business Loans / Loan Against Property / Payday Loans
  - See All Business Loans / Loan Against Property / Payday Loans
  - Raise a service request

Accounts
- Current Accounts
- Fees and Charges - Current Account
  - See All Fees and Charges - Current Account
- Retail Institutions Account (TASC)
  - See All Retail Institutions Account (TASC)
- Privy League
- Salary2Wealth - Corporate Benefit
  - See All Salary2Wealth - Corporate Benefit
  - Edge Salary Account
- Government Business
- Connected Banking
  - See All Connected Banking
Loans
- Business Loan
- Working Capital
- Other Loans
Payment & Tax Solutions
- Payment Solutions
- Money Transfer
- Bill payments/Recharges
- Loan/Card Payment
- Tax Payment
Trade Services
- Domestic
  - See All Domestic
- International - Exports
  - See All International - Exports
- International - Imports
  - See All International - Imports
- Bank Guarantee
  - See All Bank Guarantee
- Letter of Credit
  - See All Letter of Credit
- Export Credit
  - See All Export Credit
- Import credit
  - See All Import credit
Offers Beyond Banking
- Business Management & Marketing
  - See All Business Management & Marketing
- ERP & Accounting
  - See All ERP & Accounting
- Logistics
  - See All Logistics
- Human Resource
  - See All Human Resource
- Business Travel
  - See All Business Travel
- Co-working Space
  - See All Co-working Space
- Taxation & Legal
  - See All Taxation & Legal
- Healthcare Solutions
  - See All Healthcare Solutions
- Industry Insights
  - See All Industry Insights

Explore Products
- Cash Management Services
- Trade & Supply Chain Finance
- Trade Service
Sector Expertise
Accounts

About Us
- Kotak Private Banking
  - See All Kotak Private Banking
- Kotak Private
  - Learn more
- Awards & Accolades
  - See All Awards & Accolades
Our Offerings
- Investment Management
  - See All Investment Management
- Banking Solutions
  - See All Banking Solutions

Privy League
Overview
Privy League
Programmes
- Customized Programmes
Privy
Offerings

NRI Accounts & Deposits
- Savings Account
  - See All Savings Account
- Current Account
  - See All Current Account
- Deposits
  - See All Deposits
- Structured Products
  - See All Structured Products
- Special Products
  - See All Special Products
NRI Money Transfer
- Wire Transfer
  - See All Wire Transfer
- Remittances from Exchange House
  - See All Remittances from Exchange House
- Foreign Currency Cheques
  - See All Foreign Currency Cheques
NRI Loans
- NRI Home Loan
  - See All NRI Home Loan
- NRI Home Improvement Loan
  - See All NRI Home Improvement Loan
NRI Cards
- Credit Cards
  - See All Credit Cards
- Debit Cards
  - See All Debit Cards
- Prepaid Cards
  - See All Prepaid Cards
- Debit Card Services
  - See All Debit Card Services
- Credit Card Services
  - See All Credit Card Services
NRI Investment & Insurance
- Life Insurance
  - See All Life Insurance
- Mutual Funds
  - See All Mutual Funds
- National Pension System (NPS)
  - See All National Pension System (NPS)
- Portfolio Investment Schemes
  - See All Portfolio Investment Schemes
- Demat Account
  - See All Demat Account
NRI Privy League

Overview
Financials
Governance
Shareholding &
Investor Info
Sustainability
Investor updates
- Tech@Kotak
  - See All Tech@Kotak
- Kotak811 Events
  - See All Kotak811 Events
Disclosures
Regulation 46 and 62
IEPF

Products

Monthly Balance

Average Monthly Balance (AMB)
of Rs. 10,000/-

Attractive Interest Rates

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

Free Platinum International Chip Debit Card (1st year free)

For further details, Please click here

Demand Drafts

Free Demand Draftsof up to Rs 1 lac per month

ATM Cash withdrawals

Free Access to all domestic Visa ATMs. Enjoy Unlimited free Cash withdrawals at our ATMs.
Get up to five free Transactions per month in other Bank ATMs

Cash pick-up/delivery

Free cash pick-up/delivery
Free instrument pick-up/delivery
(5 calls per month)

Kotak ActivMoney

Convert savings account balance
above a certain amount
into Term Deposits

Disclaimer

Nova/Classic Savings Account is available in Semi-urban/rural branches only.

1. Effective Feb 17, 2025, daily balances in Savings Account up to Rs. 50 Lakh will earn 3% interest p.a. and above Rs. 50 Lakh will earn 3.50% p.a. respectively. These interest rates are applicable to both Resident and Non Resident Accounts (NRE/ NRO).

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

3. In branch location free up to Rs. 1 lac, for other locations free up to Rs. 50,000/- per day.

4. Please click here for ActivMoney terms and conditions.

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.

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

Sr. No.	Name of the Document (valid)	Identity Proof	Address Proof
1	Passport	Yes	Yes
2	Driving Licence	Yes	Yes
3	Aadhaar (Post e-KYC authentication by Bank)	Yes	Yes
4	Voter Id	Yes	Yes
5	Job Card issued by NREGA	Yes	Yes
6	Letter issued by National Population Register	Yes	Yes

Classic Savings Account