Platina Savings Account Fees and Charges, Open High Interest Rate Savings Account Online

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Platina Savings Account

The Platina Savings Account is exclusively designed for you to enjoy greater financial flexibility and get access to many premium services for free. So, enjoy an account made just for you and let it take care of all your savings and investment requirements with ease.

Monthly Balance

Average Monthly Balance (AMB)
of Rs. 100,000/-

Attractive Interest Rates

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

Cash withdrawals

Free cash withdrawals at ours ATMs

Free Debit Card

Free Platinum International
Chip Debit Card and
free add-on card

Kotak ActivMoney

Convert savings account balance
above a certain amount into
Term Deposits with Kotak ActivMoney

Cheque Books**

Free multi-city cheque books

Digital Banking

Free Phone Banking,
Net Banking and
Mobile Banking

Free NEFT

Free RTGS /
NEFT /
IMPS

Check your eligibility for the Platina Savings Account.

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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 Platina Account meets the stipulated Average Monthly Balance requirements.

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

4. Home Banking Service available at limited locations.

5. Subject to availability and maintenance of the required AMB in the Platina Savings Account.

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

All benefits are subject to terms, conditions and exclusions.

Note: If AMB maintained is less than or equal to 75% of the stipulated requirement, Standard charges applicable (irrespective of free limit) for cheque leaf, DD/BC, Decline in ATM/POS transaction due to insufficient balance, Home Banking, Cash Deposit).Additional charges Phone Banking @Rs.50 per call, Classic/ Gold Debit Card @ 25 p.m., Platinum Debit Card @Rs.50 p.m. and Cash Deposit @ Rs. 4 per 1000.

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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Frequently Asked Questions

How is the Average Monthly Balance (AMB) requirement calculated for savings account?

Average Monthly Balance is calculated by dividing the sum of all ‘End of Day’ balances in a month by the number of days in that month.

Average Monthly Balance is calculated by dividing the sume of all ‘End of Day’ balances in a month by the number of days in that month.

Please refer the following illustration for the calculation of AMB.

Sample Bank Statement:

Sr. no.	Date	Narration	Withdrawal	Deposit	Closing balance
1	January 1^st, 2012	Opening Balance			Rs. 10,000/-
2	January 10^th, 2012	ECS Credit-VD		Rs. 10,000/-	Rs. 20,000/-
3	January 16^th, 2012	Cash Withdrawal	Rs. 5,000/-		Rs. 15,000/-
4	January 25^th, 2012	Cheque Deposit- MICR Clearing		Rs. 20,000/-	Rs. 35,000/-
5	January 28^th, 2012	HPCL Petrol Pump POS 43860000000012	Rs. 1,000/-		Rs. 34,000/-
6	January 30^th, 2012	Cash Deposit Mumbai		Rs. 9,000/-	Rs. 43,000/-
7	January 31^st , 2012	Funds Transfer	Rs. 25,000/-		Rs. 18,000/-

AMB Calculation:

Sr. No.	Time Period	Calculation	Amount (Rs.)
1	EOD Balance from January 1^st, 2012 to January 9^th, 2012	Rs. 10,000/- x 9	Rs. 90,000/-
2	EOD Balance from January 10^th, 2012 to January 15^th, 2012	Rs. 20,000/- x 6	Rs. 1,20,000/-
3	EOD Balance from January 16^th, 2012 to January 24^th, 2012	Rs. 15,000/- x 9	Rs. 1,35,000/-
4	EOD Balance from January 25^th, 2012 to January 27^th, 2012	Rs. 35,000/- x 3	Rs. 1,05,000/-
5	EOD Balance from January 28^th, 2012 to January 29^th, 2012	Rs. 34,000/- x 2	Rs. 68,000/-
6	EOD Balance for January 30^th, 2012	Rs. 43,000/- x 1	Rs. 43,000/-
7	EOD Balance for January 31^st , 2012	Rs. 18,000/- x 1	Rs. 18,000/-
	Total EOD balances for the month January 2012		Rs. 5,79,000/-
	Divide by the no. of days in the month		31
	Average Monthly Balance (AMB)		Rs. 18677.42/-