Platina Savings Account

Average Monthly Balance (AMB) of Rs. 1,00,000/-
Earn FD like interest in your Savings Account with ActivMoney, click here to know more
Extended Debit Card withdrawal limit of Rs. 2 lakhs per day through ATM / POS
Three NMC waived Edge Savings Accounts for family members ²
Free World Debit Card
Free Net Banking, Mobile Banking and Phone Banking
Free cash withdrawals at other domestic ATMs³
Free Home Banking up to 10 calls per month⁴
Free Demand Drafts (unlimited at Kotak Bank locations)
Free RTGS / NEFT / IMPS
No Annual Maintenance Charges on your Demat Account for the first year
Free outstation cheque collection
Free multi-city cheque books (at par cheque books)
Avail a discount of 25% on Locker Rent⁵
Kotak ActivMoney - Converts savings account balance above a certain amount into Term Deposits, so you earn a higher rate of interest

Disclaimers:

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 Account

Example: If End of Day Savings Account balance is Rs. 51 lakhs, then Rs. 50 lakhs will earn interest of 3.50% p.a. and Rs. 1 lakh (being the balance in excess of Rs. 50 lakhs) will earn interest of 4% p.a.

²NMC: Non-Maintenance Charge. NMC Waiver is applicable only if the principal Platina Account meets the stipulated Average Monthly Balance requirements.³Per transaction limit is Rs. 10,000/-.
⁴Home Banking Service available at limited locations.
⁵Subject to availability and maintenance of the required AMB in the Platina Savings Account.
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.

To apply for Kotak Mahindra Bank Savings Account you need to be in either of the following categories:

Resident Indians (sole or joint account)
Hindu Undivided Families (HUF)
Foreign nationals residing in India1

Disclaimers:

¹Foreign nationals (resident in India), should obtain an undertaking in form QA 22 duly signed by all the persons (irrespective of nationality) who are authorised to operate on the accounts. Fresh declarations will be necessary in the event of any addition to the list of persons authorised to operate on the accounts. Form QA 22 need not be completed by foreign nationals of non-Indian origin permanently resident in India and foreign nationals of Indian origin (other than those who are residing in India for employment of specified duration irrespective of the length thereof or for a specific job or assignment, the duration of which does not exceed three years) and foreign-born wives of Indian nationals and of persons of Indian origin resident in India.

Revision in General Schedule of Fees & Charges for Savings and Salary w.e.f 1^st June 2022 Click here to know more

Particulars		Type of Savings Account
		Orange Metro (Savings Bank Orange Metro) & Orange Non-Metro (Savings Bank Orange)	Orange Senior (Orange Senior SB)	Zwipe, Zwipe Classic (Non Metro) & Zwipe Senior	Platina SB (SB Platina) & Platina Senior	General SB-Metro and Urban Branches (Savings Bank General)
Average Monthly Balance (AMB)		Orange Metro: 10000 Orange Non-Metro: 5000	2500	20000	100000	5000
AMB waiver on maintenance of 7.5 Lac TD with Zwipe Senior, Platina SB / Platina Senior on maintenance of 10 Lac FD / 10 Lac TRV, Orange Senior on maintenance of 3 Lac FD stand with drawn with effect from from 1 November, 2016
Non Maintenance Charge (NMC) $	Charges for non maintenance of minimum monthly average balance	6% of the shortfall in required AMB per month. (Max upto INR 500/- or INR 250/-)	6% of the shortfall in required AMB per month.(Max upto INR 125/-)	6% of the shortfall in required AMB per month. (maximum upto Rs. 600/- for Zwipe, Zwipe senior and Platina)		6% of the shortfall in required AMB per month.(Max upto INR 250/-)
Fund Transfers	NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)	Free	Free	Free	Free	Free
	NEFT / RTGS done through branch	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200000 to 500000: 25; > 500000: 50	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200000 to 500000: 25; > 500000: 50	Free	Free	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200000 to 500000: 25; > 500000: 50
	IMPS	Up to 10000: 5; 10001 to 100000: 5; 100001 to 500000: 15	Up to 10000: 5; 10001 to 100000: 5; 100001 to 500000: 15	Free	Free	Up to 10000: 5; 10001 to 100000: 5; 100001 to 500000: 15
Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 5 transactions or 3 lac / month whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 10 transactions or 5 lac/ month whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs. 150)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)
Cash Transactions	Cash withdrawal via UPI at Merchant Locations (Max Rs. 1000/day)	1% of Withdrawal amount (Max Rs.10)
Debit Card / ATM Charges	Debit Card Charges	Debit Fees as per Debit Card GSFC tailed below
	Kotak Bank's ATM Cash Withdrawal / Non Financial Transactions	Free	Free	Free	Free	Free
	Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##	Nil Charges upto 3 txns(In Top 6 Cities#+) & 5 Txn (Non-Top Cities) per month thereafter Rs. 21 per cash withdrawal & Rs. 8.5 per Non-Financial Txns		Free	Free	Nil Charges upto 3 txns (In Top 6 Cities#+) & 5 Txn (Non-Top Cities) per month thereafter Rs. 21 per cash withdrawal & Rs. 8.5 per Non-Financial Txns
	Declined Domestic ATM Transactions due to insufficient balance	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction
	Cash Withdrawal / Non-Financial Transactions at International ATMs +	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
	Cardless cash withdrawal (IMT)	Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction
DD / Pay order / Cheque Book	DD / Pay Order	Rs.2.5 / 1000 (Min 50, Max 10,000)	Rs.2.5 / 1000 (Min 50, Max 10,000)	Free upto 100K; Post Free limits (Rs.2.5 / 1000 (Min 50, Max 10000)	Free	Rs.2.5 / 1000 (Min 50, Max 10,000)
	FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return	500	500	500	500	500
	At-par Cheque Book Charges	25 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.	25 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.	100 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.	100 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.	25 Chq leaves free / Year; Thereafter Rs.3 / cheque leaf.
	ECS / Cheque Issued & Returned (due to non availability of funds)	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance
	ECS Mandate Verification	Rs.50 / instance	Rs.50 / instance	Free	Free	Rs.50 / instance
	SI Failure	Rs.200 / instance	Rs.200 / instance	Rs.200 / instance	Free	Rs.200 / instance
	Cheque deposited and returned (INR)	Rs.200 / instance	Rs.200 / instance	Rs.200 / instance	Rs.200 / instance	Rs.200 / instance
	Cheque Issued & Returned for Non-Financial Reason	Rs. 50 / instance	Rs. 50 / instance	Rs. 50 / instance	Rs. 50 / instance	Rs. 50 / instance
Branch Requests	Duplicate Ad-hoc statement, Balance & Interest Statement, Duplicate Passbook, TDS Certificate Through Branch or any other Record Retrieval, Stop Payment - Single / Range of cheque thru branch; DD Revalidation; PO / BC Revalidation/ Cancellation (INR); Annual Combined Statement-Physical; Monthly Physical Statement; Regeneration of PIN of Net Banking / Phone Banking (sent through courier)	Rs.100/Request, for senior citizens: Rs. 75/Request	Rs.100/Request, for senior citizens: Rs. 75/Request	Free	Free	Rs.100/Request, for senior citizens: Rs. 75/Request
	DD Cancellation (INR)	Rs.100/Request, for senior citizens:Nil	Rs.100/Request, for senior citizens:Nil			Rs.100/Request, for senior citizens:Nil
	Foreign Inward Remittance Certificate	Rs.100/Request	Rs.100/Request			Rs.100/Request
Home Banking	Cheque Pick Up / Delivery (Rs. 150 per visit)	Rs. 150 per visit.Under Home Banking cash pick up services, lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.		Nil Charges for 2 calls( Zwipe / Zwipe Senior & Classic) & 10 calls ( Platina SB & Senior)/ Month.Under Home Banking cash pick up services, lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.		Rs. 150 per visit.Under Home Banking cash pick up services, lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
	Cash Pick Up / Delivery^	Up to 2 lacs: Rs 1000/- per Req; Rs 2 Lacs to Rs 5 lacs: 1500/- per Req
	Cash Pick Up / Delivery^	For Platina SB & Senior- 50% of Charges up to 1 request per month basis standard charge
Family Banking		NA	NA	NA	Upto 3 Additional NMC waived Family member accounts under "My Family"	NA
Statements & Alerts	Statements	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
Statements & Alerts	Balances and Transaction & Value added alerts (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	Daily SMS - 50 ps/SMS Weekly SMS free	50 ps per SMS (Daily / Weekly)
Other Charges	TOD Account Closure charges: (if closed after 1 month & before 6 months of A/C opening)	TOD: Rs.500; Account Closure charges: 500	TOD: Rs.500; Account Closure charges: 500	TOD: Rs.500; Account Closure charges: 500	TOD: Rs.500; Account Closure charges: 500	TOD: Rs.500; Account Closure charges: 500
Free Services	Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation	Free	Free	Free	Free	Free
Debit Card Annual Charges	Classic Debit Card	Rs. 199	Rs. 199	Free	Free	Rs. 199
	Silk Classic Debit Card	Rs. 199	Rs. 199	Rs. 199	Free	500.0
	Titanium Debit Card	200.0	200.0	Free	Free	200.0
	Gold Debit Card	500.0	500.0	Free for 1st year, thereafter Rs. 250 p.a	Free	500.0
	Platinum / My World Debit Card	Rs. 750	Rs. 750	Free for 1st year, thereafter Rs. 250 p.a	Free	Rs. 750
	World / World Exclusive Debit Card	Rs. 750	Rs. 750	Rs. 750	Free	Rs. 750
	Kotak PVR Debit Card	Rs. 499	Rs. 499	Rs. 499	Rs. 499	Rs. 499
Other Debit Card Related Charges	Replacement of Lost / Stolen Debit Card	Rs. 200	Rs. 200	Rs. 200	Rs. 200	Rs. 200
	Issuance Charges	Image Debit Card - Rs. 199	Image Debit Card - Rs. 199	Image Debit Card - Rs. 199	Image Debit Card - Rs. 199	Image Debit Card - Rs. 199
	Regeneration of PIN (sent through courier)	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request
Particulars		Type of Savings Account
Particulars		General SB- Semi Urban Branches (Semi Urban SB)	General SB- Rural Branches (Rural Gen SB)	Zing (Zing Kids Account)	Solo
Average Monthly Balance (AMB)		2000	1000	2000	Nil
AMB waiver on maintenance of 7.5 Lac TD with Zwipe Senior, Platina SB / Platina Senior on maintenance of 10 Lac FD / 10 Lac TRV, Orange Senior on maintenance of 3 Lac FD stand with drawn with effect from from 1 November, 2016
Non Maintenance Charge (NMC) $	Charges for non maintenance of minimum monthly average balance	6% of the shortfall in required AMB per month.(Max upto INR 100/-)	6% of the shortfall in required AMB per month.(Max upto INR 50/-)	6% of the shortfall in required AMB per month.(Max upto INR 100/-)	NA
Fund Transfers	NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)	Free	Free	Free	Free
	NEFT / RTGS done through branch	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50
	IMPS	Up to 10000: 5; 10001 to 100000: 5; 100001 to 500000: 15	Up to 10000: 5; 10001 to 100000: 5; 100001 to 500000: 15	Up to 10000: 5; 10001 to 100000: 5; 100001 to 500000: 15	Up to 10000: 5; 10001 to 100000: 5; 100001 to 500000: 15
Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Nil Charges upto 2 transactions or 1lac / month
Cash Transactions	Cash withdrawal via UPI at Merchant Locations (Max Rs. 1000/day)	1% of Withdrawal amount (Max Rs.10)
Debit Card / ATM Charges	Debit Card Charges	Debit Fees as per Debit Card GSFC tailed below
	Kotak Bank's ATM Cash Withdrawal / Non Financial Transactions	Free	Free	Free	Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction
	Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##	Nil Charges upto 3 txns(In Top 6 Cities#+) & 5 Txn (Non-Top Cities) per month thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per Non-Financial Txns			Maximum of 5 transactions free in a month with a cap of Maximum 3 free transactions in Top 6#+ Cities, thereafter Cash Withdrawal – Rs. 20.00 /txn.; Non Financial txn. – Rs. 8.50 / txn.
	Declined Domestic ATM Transactions due to insufficient balance Transactions declined at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019)	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction
	Cash Withdrawal / Non-Financial Transactions at International ATMs +	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
	Cardless cash withdrawal (IMT)	Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction
DD / Pay order / Cheque Book	DD / Pay Order	Rs.2.5 / 1000 (Min 50, Max 10,000)	Rs.2.5 / 1000 (Min 50, Max 10,000)	Rs.2.5 / 1000 (Min 50, Max 10,000)	Rs.2.5 / 1000 (Min 50, Max 10,000)
	FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return	500	500	500	500
	At-par Cheque Book Charges	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	25 Chq leaves Nil Charges / Half Year; Thereafter Rs.3 cheque leaf
	ECS / Cheque Issued & Returned (due to non availability of funds)	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance
	ECS Mandate Verification	Rs.50 / instance	Rs.50 / instance	Rs.50 / instance	Rs.50 / instance
	SI Failure	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance
	Cheque deposited and returned (INR)	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance
Branch Requests	Duplicate Ad-hoc statement Balance & Interest Statement Foreign Inward Remittance Certificate, Duplicate Passbook Duplicate TDS Certificate Through Branch or any other Record Retrieval Stop Payment - Single / Range of cheque thru branch DD / PO / BC Revalidation / Cancellation ( INR); Tax Collection thru branch; Annual Combined Statement-Physical; Monthly Physical Statement ; Regeneration of PIN of NetBanking/Phone banking (sent through courier)	100 / Request	100 / Request	100 / Request	100 / Request
Home Banking	Cash/ Instrument Pick Up / Delivery	Rs. 150 per visit.Under Home Banking cash pick up services, lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
Home Banking	KYC Pickup – Only for senior citizen and differently abled###
Family Banking		NA	NA	NA	NA
Statements & Alerts	Statements	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
Statements & Alerts	Balances and Transaction & Value added alerts (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)
Other Charges	TODCheque Purchase charges Account Closure charges: (if closed after 1 month & before 6 months of A/C opening)	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600
Free Services	Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation	Free	Free	Free	Free
Debit Card Annual Charges	Classic Debit Card	Rs. 150	Rs. 150	Rs. 150	Rs. 150^
	Silk Classic / Platinum	150.0	150.0	150.0	Rs. 150^
	Titanium Debit Card	200.0	200.0	200.0	Rs. 150^
	Gold Debit Card	500.0	500.0	500.0	Rs. 150^
	Platinum / My World Debit Card	Rs. 750	Rs. 750	Rs. 750	Rs. 150^
	World / World Exclusive Debit Card	Rs. 750	Rs. 750	Rs. 750	Rs. 150^
Other Debit Card Related Charges	Replacement of Lost / Stolen Debit Card	Rs. 200	Rs. 200	Rs. 200	Rs. 200
	Issuance Charges	Image Debit Card - Rs. 199	Image Debit Card - Rs. 199	Image Debit Card - Rs. 199	Image Debit Card - Rs. 199
	Regeneration of PIN (sent through courier)	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request
GST on Foreign Currency Conversion Charges (FCY) ~			GST on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency	Value on which GST rate will be applicable		Value of purchase or sale of Foreign Currency	Value on which GST rate will be applicable
Up to Rs 1,00,000	1% of the gross amount of currency exchanges or minimum of Rs.250/-		Up to Rs 1,00,000	1% of the gross amount of currency exchanges or minimum of Rs.250/-
Up to Rs 1,00,000			Up to Rs 1,00,000
Above Rs.1,00,000/- to Rs.10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.		Above Rs.1,00,000/- to Rs.10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
Above Rs.10,00,000/-	Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/-		Above Rs.10,00,000/-	Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/-
Above Rs.10,00,000/-			Above Rs.10,00,000/-


Forex Card	Particular	Standard charges
	Issuance Fee	250 (exclusive of GST)
	Reload Fee	75 (exclusive of GST)
Foreign Exchange Services (FES)			Foreign Exchange Services (FES)
Outward Remittances - Individual	Standard Charges		Outward Remittances - Individual	Standard Charges
Telegraphic Transfer Charges (other than payment for imports)	INR 1250 + Tax		Telegraphic Transfer Charges (other than payment for imports)	INR 1250 + Tax
Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter)	INR 1000 + Tax		Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter)	INR 1000 + Tax
Issue of FCY DD's	INR 750 + Tax		Issue of FCY DD's	INR 750 + Tax
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	0.125 %; minimum INR 1,000 +Tax		Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	0.125 %; minimum INR 1,000 +Tax
As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.
^ If customer upgrades or buys an additional card, charges will be as per Edge variant.
##Cash withdrawal limit from other Domestic ATM is Rs. 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 Charges):
If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes).
If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes).
The Bank will charge cross-currency mark-up 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]
Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change.
Debit Card Annual Charges for Junior, Youth and Maestro Debit Cards will be same as Classic Debit card.
+Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder.
Charges 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.
The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges.
^For On call cash pickup if its more than 5 lacs then we will be charging upfront Rs 4600/- per pickup flat charge. Please note that the Cash Pickup/ Delivery charges pertain to the “ Cash Pick-up/ Delivery” service offered to the customer. Additional charges 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.
<> Penalty charges.
$ Please note, if your account is currently in dormant status, non-maintenance charges will not be applicable to the same. In order to activate your account, please visit your nearest Kotak Bank branch
With effect from April 1, 2015: In the event of a default in maintenance of Average Monthly Balance as agreed to between the Bank and customer for the month (referred as Default Month), the Bank will notify the customer clearly of the default and that the Average Monthly Balance for the account has to be met in the subsequent month (referred to as Notice Month) . If the AMB is still not maintained in the Notice Month, the NMC (Non Maintenance Charges) for both the Default Month and Notice Month will be recovered in the subsequent month. 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 charges will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC. In case of accounts sourced under promotional offering and enjoying conditional NMC waiver, the terms and conditions of such promotional offering shall prevail.
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 :
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 Rs.20 Lakhs	Nil	Nil
Rs.20 lakhs to Rs. 1 crore	Nil	2%@
In Excess of Rs. 1 crore	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.