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| Particulars | Basic Savings Bank Deposit Account ( PMJDY) | |
|---|---|---|
| AMB (Average Monthly Balance) | Nil | |
| Non Maintenance Fee | Fee for non maintenance of minimum monthly average balance | Not Applicable |
| Fund Transfers | NEFT** / RTGS / Fund Transfer (Through Netbanking / Mobile Banking) | Free |
| NEFT** / RTGS - Applicable only if done in Branch | Deposits - Unlimited Free Withdrawals - Maximum 5 free withdrawals*/ month through any mode. 6th withdrawal onwards, fees will be applicable as per the mode of withdrawal# |
|
| IMPS | ||
| Cash Transaction Fee | Cash Transaction at Branch / CDM (Cash Dispensing Machine) (Deposit* or withdrawal) |
|
| DD | DD | |
| Kotak Bank's ATM – Cash Withdrawal / Non Financial txn. ## Other Domestic ATMS – Cash Withdrawal / Non Financial txn. ## |
||
| Declined Domestic ATM Transactions due to insufficient balance Declined Transactions at ATM, merchant outlets, websites due to insufficient balance |
Rs.25 at Non Kotak ATM | |
| Cash Withdrawal / Non- Financial Transactions at International ATM + | Not Applicable | |
| Cheque Book | At-par Cheque Book Fee | Free - One Cheque book of 5 leaves in a Financial year, post which Rs.3/- per cheque leaf |
| Transaction Failure | ECS / Cheque Issued & Returned (due to non availability of funds) | Rs.250/ instance |
| Standing Instruction Failure Fee | Rs.100/ instance | |
| Cheque deposited and returned (INR) | Rs.200/ instance | |
| Cheque Issued & Returned for Non-Financial Reason | Rs.50/ instance | |
| Debit Card Annual Fee | Rupay Debit Card | Nil |
| Branch Requests | Duplicate Ad-hoc statement, Balance & Interest Statement, Duplicate Passbook, TDS Certificate Through Branch or any other Record Retrieval, 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.50/ Request |
| Stop Payment - Single / Range of cheque thru branch | Rs.50/ Request | |
| Statements & Alerts | Statements | Email Statement (Monthly) - NIL Physical Statement (Quaterly) - NIL |
| Value added alerts (Daily / Weekly) | Free | |
| Other Fee | TOD Account Closure (if closed after 1 month and before 6 months of A/C opening) |
Free |
| Other Debit Card Related Fee | Replacement of Lost / Stolen Debit Card | Nil |
| Issuance Fee | Nil | |
| Regeneration of PIN (sent through courier) | Nil | |
| For Small Account aggregate of all credit should not exceed INR 1 lakh, account balance at any point should not exceed INR 50,000 & aggregate of all Debits (withdrawals & transfers including clearing) in a month should not exceed INR 10,000 | ||
| All Debit transactions (including clearing) is permitted maximum upto INR 10,000 per transaction. Cheques issued over INR 10,000 will be rejected and returned | ||
| *Deposits Unlimited, Withdrawals (includes Cash/ATM/DD/Cheque/NEFT/RTGS/IMPS) per month | ||
| #Fees applicable as per mode of withdrawal (post 5 free withdrawals per month): | ||
| NEFT/ RTGS - Applicable only if done in Branch | NEFT : Upto 10,000: Rs. 2; 10,001 to 1,00,000: Rs.4; 1,00,001 to 2,00,000: Rs.14; > 2,00,000: Rs. 24 ; RTGS: 2,00,000 to 5,00,000: Rs. 20; > 5,00,000: Rs. 40 |
|
| IMPS | Up to 10,000: Rs. 5; 10,001 to 1,00,000: Rs. 5; 1,00,001 to 5,00,000: Rs. 15 |
|
| Cash Transaction at Branch / CDM (Cash Dispensing Machine) (Withdrawal) | Rs. 5/1000 (Minimum Rs. 150) | |
| Kotak Bank's ATM – Cash Withdrawal / Non Financial txn. ## |
Rs. 21/- per financial txn will apply | |
| Other Domestic ATMS – Cash Withdrawal / Non Financial txn. ## |
Rs. 21/- per financial txn will apply | |
| DD issuance | Rs. 4 / 1000 (Min Rs. 50, Max Rs. 10,000) For Senior citizen Rs. 3 / 1000 | |
| Deposits - Unlimited, Withdrawals (includes Cash/ATM/DD/Cheque/NEFT/RTGS/IMPS/Internet debits/Standing instructions/EMI) per month | ||
| ## Cash withdrawals limit from own and other domestic ATM is Rs.10,000 per transaction for both Basic & Small Accounts. | ||
| 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): Free. | ||
| If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Free. | ||
| 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. | ||
| 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. | ||
| As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts. | ||
| +Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder. | ||
| 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. | ||
| 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. | ||
| Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change. | ||
| BSBDA customers are eligible only for Rupay Debit card. | ||
Charges are exclusive of the Service Tax and Education Cess.
Just walk in to any of our bank branch and meet our Customer Service Executive / Service Manager / Branch Manager for more details.
Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility. This initiative aims to bridge the gap between the need and availability of cash requirement in the eco-system.
OTP is a numeric or alphanumeric code a customer receives on their registered mobile number or email address to authenticate a credit card transaction.
Yes, you can add a credit card to Google Pay using the following steps:
● Open the Google Pay app on your smartphone.
● Click “Add a card/bank account”.
● Enter your Kotak credit card details.
● Provide OTP.
You can open a Kotak UNI Student Bank Account digitally, from anywhere, thanks to the Video KYC feature. It involves getting on a video call with a Kotak bank executive to complete your KYC process, essentially ruling out a visit to a Kotak bank branch completely.
Yes, a senior citizen can open Grand - Savings Account which is only applicable for Indian residents of age 55 years and above.
