![Everyday-SA-d Everyday Savings Account](/content/dam/Kotak/herosliderbanner/Everyday-SA-d.jpg)
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Everyday Debit Card features
* Customer induced transactions like Cash Deposit/Withdrawal, DD issuance, NEFT/RTGS/IMPS/UPI transactions, 5 ATM transactions (offus+onus),eCOM/Purchase transaction on Debit Card to be considered
All benefits are subject to terms, conditions and exclusions.
1. 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.
2. Limits apply.
3. Please click here for ActivMoney terms and conditions.
Everyday savings account is a one of a kind savings account where you can save while you spend with deals on popular brands such as Zomato, Blinkit, MakeMyTrip, EazyDiner, BookMyShow etc.
For Everyday Savings Account if daily balances in Savings Account is above Rs. 50 lakhs, it will earn 4% interest p.a. Where if the daily balances in Savings Account is up to Rs. 50 lakhs, it will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.
To apply for Kotak Mahindra Bank Everyday Savings Account, you should belong to any one of the below mentioned categories:
The following documents are required to open an Everyday savings account:
Yes, the everyday savings account charges 6% of the shortfall in required AMB per month (Max upto Rs.600/-)
The benefits of everyday savings account are as follows :
Convert excess savings to term deposits via Kotak ActivMoney