Kotak Ace Saving Account-Wealth

New account opening for this variant is only applicable under Private Banking

Basic Service Fees
Transaction Fees
Transaction Failure Fees
Other Fees

Basic Service Fees

Fee type	Details	Kotak Ace Savings Account-wealth
AMB (Average Monthly Balance)	Average Monthly Balance (AMB)	INR 50,000
Non Maintenance Fee	Fee for non maintenance of minimum monthly average balance	6% of the shortfall in required AMB per month (Max upto INR 600/-)
Family Banking	NA	NA
DD / Cheque Book	DD	NIL
	FCY - DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return	INR 500 / instance
	At-par Cheque Book Fee	Free up to 100 Cheque Ieaves per year thereafter INR 3/ cheque leaf
Debit Card / ATM Usage Fee	Kotak Bank‘s ATM - Cash Withdrawal / Non Financial Transactions	**Nil Charges upto 30 transactions per month (Financial + Non-Financial on Kotak ATM + other Bank ATM), thereafter INR 21 per Financial txn and INR 8.5 per Non-Financial txn
	Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##
	Transactions declined at merchant outlet / websites / ATMs, due to insufficient balance <>	INR 25 / Transaction at Non-Kotak ATM
	Cash Withdrawal / Non-Financial Transactions at International ATMs +	INR 150 per cash withdrawal transaction & INR 25 per non-financial transaction
	Cardless cash withdrawal (IMT)	Nil up to 1 transaction per month and subsequent transactions will be charged INR 10/- per transaction
	Dynamic Currency Conversion (DCC)	Mark-up fee of 1% plus GST will be applicable on your Kotak Bank Debit Card for transactions done in Indian currency (INR) at international locations or transactions done in Indian currency (INR) with merchants located in India but registered in an international locations. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions.
Other Debit Card Related fee	Replacement of Lost /Stolen Debit Card	200.0
Other Debit Card Related fee	Image Debit Card Issuance fee	INR 199

Transaction Fees

Fee type	Fee type	Kotak Ace Savings Account- Wealth
Fund Transfers	NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)	Nil
	NEFT / RTGS - Applicable only if done in Branch	Nil
	IMPS	Nil
Cash Transactions Fee	Cash Transaction at Branch / CDM (Cash Dispensing Machine) (Deposit or withdrawal)	Nil upto 5 transactions or 5 lac / month whichever is earlier. Post free limits, charged at INR 5 / 1000 with minimum INR 150
Debit Card Annual Fee/ Issuance Fee	Pay Shop More Debit Card / Dream Different 811 Debit Card
	Silk Debit Card	Nil
	Visa Platinum / My World Debit Card	Nil
	Kotak PVR Debit Card	499.0
	EveryDay Debit Card	INR 259*
	Visa Signature Pro Debit Card	750.0
	Privy League Platinum Card	750.0
	Privy League Signature Card	750.0
	Privy league Business Card	750.0
	Privy League Neon Debit Card	1500.0
	Privy league LED Debit Card	2500.0
	Privy League Black Metal Debit card	5000.0
	Private Banking Infinite Debit Card	1500.0
	Goqii Wearable Payment	Issuance fee — INR 3499 & Annual fee — INR 259 from 2nd year onwards
	Default Card	Visa Platinum Debit Card
Branch Request	Duplicate Ad-hoc statement, Duplicate Passbook, TDS Certificate Through Branch or any other Record Retrieval, Stop Payment - Single / Ranpe of cheque through branch; DD Revalidation; PO / BC Revalidation / Cancellation (INR); Annual Combined 5latement-Physical; Monthly Physical Statement;	NIL
	Foreign Inward Remittance Certificate	Nil
	Regeneration of PIN (sent through courier)	Nil
Other Fee	Temporary Over Draft	TOD: INR 500;

Transaction Failure Fees

Fee type	Details	Kotak Ace Savings Account- Wealth
Failure Fee	ECS / Cheque Issued & Returned (due to non availability of funds)	INR 500 / instance
	ECS Mandate Verification	Nil
	SI Failure	INR 100 / instance
	Cheque deposited and returned (INR)	INR 200 / instance
	Cheque Issued and Returned for Non-Financial Reason	INR 50 / instance

Other Fees

Fee type	Details	Kotak Ace Savings Account- Wealth
Home Banking	Cash / Instrument - Pick Up / Delivery	NIL
Complimentary Services	Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Cenificate Photo Attestation Address Confirmation, Balance & interest Statement, Regeneration of PIN of Net Banking / Phone Banking / Debit Card courier), Account Closure, Cash / Instrument Pick up / Delivery / KYC Pick Up	Nil
Statements & Alerts	statements	Email Statement (Monthly): Nil Physical Statement (Quarterly): Nil
Statements & Alerts	Balances Value added alerts (Daily / Weekly)	50p. per SMS (Daily ) & Weekly-Nil
Forex Card	Issuance Fee	Rs 250 (exclusive of GST)
Forex Card	Reload Fee	Rs 75 ( exclusive of GST)
Foreign Exchange Services (FES) - Outward Remittances - Individual Fee	Telegraphic Transfer Fees (other than payment for imports)	NA
	Correspondent Bank Fees (Outward remittance wherein the foreign bank Fees are paid by remitter)	NA
	Issue of FCY DD's	NA
	Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	NA
GST on Foreign Currency Conversion Fee (FCY) ~	Value of purchase or sale of Foreign Currency	NA
	Up to INR 1,00,000	NA
	Above INR1,00,000/- to INR10,00,000/-	NA
	Above INR 10,00,000/-	NA

Terms & Conditions:

** Changes W.E.F 1st May'2025

ATM usage Fee- INR 21 per Financial txn will be revised to INR 23 per txn.

ATM usage Fee- INR 8.3 per NON Financial txn will be revised to INR 10 per txn.

outward Remittances - Individual	Standard Fee	Value of purchase or sale of Foreign Currency	Value on which GST rate will be applicable
Telegraphic Transfer fee (other than payment for import)	INR 1250 + Tax	Up to INR 1,00,000	1% of the gross amount of currency exchanges or minimum of INR250/-
Correspondent Bank Fee (Outward remittance wherein the foreign bank Fee are paid by remitter)	INR 1000 + Tax
		Above INR1,00,000/- to INR10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000
Issue of FCY DD's	INR 750 + Tax
Issue of FCY DD's		Above INR10,00,000/-	INR5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR60,000/-
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	0.125 %; minimum INR 1,000 +Tax

Fees mentioned for Debit card are subject to default classification of mentioned scheme codes. In case of upgrade/downgrade/classification change the same will be impacted

As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.

## Cash withdrawal limit from other Domestic ATM is INR 10000 per transaction.

#+ Top 6 Cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.

Mandatory Alerts will not be charged. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed.

Indo - Nepal Remittance Scheme (NEFT fee):

If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): INR 25 per txn (incl all taxes).

If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto INR 5000 - INR 75 per txn. & beyond INR 5000 - INR 100 per txn. (incl all taxes).

All Services, where a free limit is specified, usage beyond the free limit will be charged as per the standard charge of the respective service.

Fee applicable for Silk debit card will be same as Classic Debit card. Monthly physical statements will be issued free to account holders on them personally visiting the home branch for the same.

The Bank will charge cross-currency mark-up charge of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction.

A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April 1,2019]

Any rejections in applications made through ASBA mode due to insufficient funds will attract fee of INR 350/- per rejection <>

+ Additional fee levied by another bank on international ATM transactions will also have to be borne by the card holder.

The above fee are subject to revision with a prior intimation of 30 days to all account holders Closure of account due to revision of fee will not be subject to account closure fee.

<> Penalty fee. Not applicable once the account becomes inoperative/ dormant.

Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change

Please note that the Cash Pickup/ Delivery fee pertain to the “ Cash Pick-up/ Delivery” service offered to the customer. Additional fee for cash transactions shall be levied basis the Cash Transaction limits offered under the respective variant. The Cash pick-up amount shall be a part of the overall Cash transaction limits offered under the variant.

Balance (AMB) as per the product variant to continue with account features and avoid non maintenance Fee. The bank may choose to notify by SMS / email / letter. It will be the responsibility of the customer to have a valid email id, mobile number and address updated with the bank at all times, failing which, customer may not receive the notification/s. The NMC Fee will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC

Fee are exclusive of the Goods and Service Tax (GST).

With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.

State government taxes/ Cess as applicable shall be charged

W.e.f 1st July,2020; threshold as well as Rate of TDS applicable for CASH withdrawal will dependent on submission of proof of Income Tax Return filed. Revised TDS rates will be as under:

Effective 1st Nov, 24 a Dynamic Currency Conversion (DCC) mark-up fee of 1% plus GST will be applicable on your Kotak Bank Debit Card for: transactions done in Indian currency (INR) at international locations or transactions done in Indian currency (INR) with merchants located in India but registered in an international locations. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions

Aggregate Cash withdrawals in all accounts in a Financial Year	Income tax Return copy Submitted to Bank	Income Tax return copy Not Submitted to bank
Upto INR20 Lakhs	Nil	Nil
INR20 lakhs to INR 1 crore	Nil	2%@
In Excess of INR 1crore	2%@	5%@

.@If PAN is not updated in the account then the TDS deduction at the rate 20% as per section 206AA of the Income Tax Act will apply. For foreign companies, foreign partnership firms, Non-residents additional surcharge and health & education cess will be applicable as per Income Tax law.

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