Fees and Charges for Loan Against Securities - Avail Loans at Low Interest Rates and Processing Fees at Kotak Bank

Apply Now

Particulars		Loan Against Securities
Average Quarterly Balance (AQB) in Rs.		NIL
REMITTANCES / PAYMENTS
Demand Draft / Banker's Cheque	Payable at Branch Locations	Free 25 DD/ BC p.m.;
		thereafter 1/1000
		(Min 40 Max 5000)
	Payable at Non - branch Locations	2/1000 (Min 40 Max 5000)
RTGS	Through Branch	Rs. 15/ txn
RTGS	Through Net Banking	Free
NEFT	Through Branch	Free
NEFT	Through Net Banking	Free
Fund Transfer	Branch & Net Banking	Free
Cheque Book	Default Cheque Book is Payable At-par Only	1 Chq Book (50 Leaves) Free p.m.; 2 / leaf
RECEIPTS / COLLECTIONS
Local Cheque		Free
Clearing Out-station Cheque	Drawn at Branch Locations	Free
	Drawn at Non - Branch Locations	< 10K: 50 / Chq;
		10K - 1L: 25/Chq; >1L: Free
		(Plus Other Bank Chrgs)
RTGS	Inward	Free
NEFT	Inward	Free
Fund Transfer	Inward	Free
HOME BANKING
	Cheque Pick-up or DD Delivery	40 / Request
On Call Requests	Cash Pick-up or Delivery	< 2L: 200 / Request;
On Call Requests	Cash Pick-up or Delivery	2 - 5L: 300 / Request
Beat Service	Cheque Pick-up	500 p.m.
CASH DEPOSIT & WITHDRAWAL
Cash Deposits	At Home Branch Location	Free upto 2L p.m.;
	At Home Branch Location	thereafter 2.5 / 1000
	At Non-home Branch Location	4.5 / 1000 ; Min 50 per Txn
	At Non-home Branch Location	(Max 1L / Day w/o approval)
Cash Withdrawal	From Home Branch Location	Free
	From Non-home Branch Location	2 / 1000 ; Min 50 per Txn
	From Non-home Branch Location	(Max 3L/Day w/o approval)
AUTOMATED TELLER MACHINE (ATM)
Kotak ATMs	Balance Enquiry	NA
Kotak ATMs	Cash Withdrawal	NA
Other Bank's VISA ATMs - Domestic	Balance Enquiry	NA
Other Bank's VISA ATMs - Domestic	Cash Withdrawal	NA
Other Bank's VISA ATMs - International	Balance Enquiry	NA
Other Bank's VISA ATMs - International	Cash Withdrawal	NA
ATM Txns Declined	Insufficient Funds	NA
OTHER CHARGES
Account Related
AQB Non - maintenance	NMC	Nil till LAS limit is availed, thereafter 900 per quarter
Account Closure Charges		Nil
Cheque Returns
Cheques Deposited & Returned / (Outward)	Local	300 per Chq
Cheques Deposited & Returned / (Outward)	Out-station	300 per Chq + Corr Bank Chrgs
Cheques Issued& Returned (Inward)	Financial Reasons	300 per Chq
Cheques Issued& Returned (Inward)	Technical Reasons	Free
SMS Alerts & Updates
Alerts	Large Debit / Credit	As per actual usage
Updates	Daily Balance	As per actual usage
Updates	Weekly Balance	Free
Phone Banking	IVR Assisted	Free
Phone Banking	Agent Assisted	Free
CHARGES COMMON FOR ALL PRODUCTS
Account Statements
Monthly	Physical / Email	Free
Weekly	Physical	300 per Quarter
Weekly	By Email	Free
Daily	By Email Only	Free
Ad- hoc Statements Request	At Branch / Phone Banking	<90 Days: 100
		91-365 Days: 200
		>365 Days: 1000
	On Net Banking, ATM	50
	On Mobile Banking	Free (by Email Only)
Standing Instruction
Set-up		50
Execution		Free
Amendment		25
Failure		25
STATEMENT / CERTIFICATE / REPORT ISSUANCE
Balance Statement	Other than 31st March	100
Interest Statement	Duplicate Only	100
TDS Certificate	Duplicate Only	200
Confidential Report		500
Paid Cheque Report		Free
Signature Verification		100
Photo Attestation		300
Solvency Certificate		10,000
Credit Confirmation		500
Foreign Currency Payments & Collections
DD Issuance		500 + FCY Conversion Chrg
DD Cancellation		500 + FCY Conversion Chrg
DD Revalidation		500
TT Transfer	Corr Bank Chrgs Borne by Beneficiary	250 + FCY Conversion Chrg
TT Transfer	Corr Bank Chrgs Borne by Beneficiary	1000 + FCY Conversion Chrg
Cheque Collection		500
Cheque Deposited and Returned		1,000
Cheque Issued and Returned	Financial Reasons	1,000
Cheque Issued and Returned	Technical Reasons	Free
MISCELLANEOUS CHARGES
PIN Regeneration	ATM/ Phone/Net Banking	50
PIN Regeneration	(if sent through courier)
DD/BC Cancellation		50	100
Fund Transfer Return	Financial Reasons	300
	Technical Reasons	Free
ECS Return		300
Online Tax Payment	Through Net Banking	N.A
	Through Branch	N.A
Cheque Purchase Charges		0.5 / 1000 per Day
Travelers Cheque Encashment		1% of TC Amount + FCY Conversion Chrg
Foreign Currency Conversion Charge		100
LOAN OVERDRAFT CHARGES
Rate of Interest		8.5% to 11% p.a.
Penal Charges on Overdrawn Amount		8% p.a. + applicable taxes on the overdrawn amount
Processing Fee		For Digital cases - Rs. 1,499/-
		For Equity (Non-Digital), Debt - MF/FMP/, Bonds – Up to 2% of the Loan/Sanctioned credit limit subject to Minimum of Rs. 2,500/-)
		For other physical securities (LIC / Pvt Insurance policies) – Up to 2% of the Loan/Sanctioned credit limit subject to Minimum of Rs. 5,000/-
Renewal Fee		Rs. 3,500+GST (for non-insurance cases)
Renewal Fee		Rs.5000+ GST( For Insurance cases)
Security Invocation Charges		0.3% of the sell-off value subject to a maximum of 5,000
Maturity Invocation		Invocation charges of Rs.5,000 (only in cases where customers are unwilling to collect the proceeds on their own)
Maturity Invocation		For deep geography (remote) locations, a fee up to 1% on the maturity amount will be charged subject to a minimum of Rs. 10,000 and a maximum of Rs. 25,000 (only in cases where customers are unwilling to collect the proceeds on their own)
MF Pledge charges for CAMS- Pledged digitally		Rs. 700+ GST per request
Partial release of MF		Rs. 50 per request
Partial release of Insurance Policies		Rs. 50 per request
Sale of security in the event of default*		All brokerages, transaction charges and other levies as per actuals
Demat charges		As applicable to the Demat account from time to time
Stamp duty and other statutory charges		As applicable
Portfolio statement charges		Rs. 50 per request
Rate Reduction charges		Rs. 3,000 + GST
Benchmark change charges		Rs. 10,000+GST
Kotak Mahindra Bank lending rate range: Q2 FY 24-25 (1st July 2024 to 30th Sept. 2024)
Type of LAS facility	Maximum	Minimum	Mean
Equity	11.00%	9.10%	9.86%
Debt	10.75%	9.00%	9.76%
Note: The mean rate of interest is computed basis sum of each rate of interest charged/sum of the number of accounts opened.
Please Note:
Average Quarterly Balance is the average balance to be maintained in your account in a quarter. It is not the lowest/minimum balance in your account on any given day
Kotak Mahindra Bank levies Non-Maintenance Charge (NMC) in case Average Qty balance in the account is not maintained. NMC is NIL till the time the LAS limits are availed in the current account.
Particulars		IPO Funding
Rate of Interest		8% to 10% p.a.
Processing Fee		Rs. 50/- to Rs.1,000/- based on loan amount
The above current charges; subject to change by Kotak Mahindra Bank are applicable until the LAS limits are available in the account. Thereafter, all charges applicable to Edge Current account shall be applicable on this account. For details of all applicable charges, please refer the General Schedule of Features & Charges available at our branch or website www.kotak.com

Frequently Asked Questions

How will death claim get processed in-case of the death of borrower/co-borrower in LAS account?

Surviving borrower/co-borrower of LAS account need to submit request for security released through register Email ID or at branch by submitting intimation letter of demise along with death certificate.

In case of nominee /legal heir of deceased can submit request for security released through branch by submitting intimation letter of demise along with death certificate & identity proof of nominee /legal heir.

Further release of security will be processed basis account utilization status.