Grand Senior Citizen Savings Account Documents Required |Kotak Mahindra Bank

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Savings Account - Grand - Savings Programme - Kotak Mahindra Bank

Be ready with the following documents to open a Grand 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
Please carry the original documents for verification and self-attested copies for submission.
PAN Card / Form 60 will still be a mandatory document for opening a Savings Account.
*Providing Aadhaar Card is voluntary

Check the fees and charges for the Grand Savings Account.

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Frequently Asked Questions

Can a senior citizen open a savings account?

Yes, a senior citizen can open Grand - Savings Account which is only applicable for Indian residents of age 55 years and above.

What is the minimum balance for senior citizen savings account?

As per account variant selected

Where can I open a senior citizen account?

You can apply online for the senior citizens savings account or visit our nearest branch with all mandatory documents as listed below.

1) Identity Proof - Driving License, Passport, Voter's ID, Aadhaar Card*
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
5) Please carry the original documents for verification and self-attested copies for submission.
6) PAN Card / Form 60 will still be a mandatory document for opening a Savings Account.

What is the best savings account for pensioners?

If you are looking for a pensioners savings account, then Grand - Savings Programme is the best type of savings account for the pensioners.

What documents required for senior citizen savings account?

To open a senior citizens savings account, following are the mandatory senior citizens savings account documents as listed below.

What is the interest rate for senior citizens savings bank account?

For a senior citizen bank account if daily balances in Savings Account is up to Rs. 5 lakhs, it will earn 3% interest p.a. Whereas if the daily balances in Savings Account is above Rs. 5 lakhs & up to Rs. 50 lakhs; and above Rs. 50 lakhs, it will continue to earn 3.50% and 4% interest p.a. respectively. These interest rates are applicable for Resident Accounts only

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