Consolidated Service Charges*
KOTAK MAHINDRA BANK ACE PRO EDGE CLASSIC NOVA Easy (No-Frills)
Saving Bank Accounts with Cheque facility            
Minimum Balance (Average Quarterly Balance) Rs.75,000 Rs.20,000 Rs.10,000 Rs.10,000 Rs.5,000 Rs.100
Charges for non maintenance thereof Rs.1,200 Rs 750* Rs 750* Rs 750* Rs 750* Rs.25
Saving Bank Accounts without Cheque facility            
Minimum Balance NA NA NA NA NA NA
Charges for non maintenance thereof NA NA NA NA NA NA
Other savings bank account facilities            
Issue of Duplicate Statement Branch/Phone Banking: Rs.100 for 90 days ATM/Internet: Rs.50 Branch/Phone Banking: Rs.100 for 90 days ATM/Internet: Rs.50 Branch/Phone Banking: Rs.100 for 90 days ATM/Internet: Rs.50 Branch/Phone Banking: Rs.100 for 90 days ATM/Internet: Rs.50 Branch/Phone Banking: Rs.100 for 90 days ATM/Internet: Rs.50 Branch/Phone Banking: Rs.100 for 90 days ATM/Internet: Rs.50
Issue of loose cheque leaves NA NA NA NA NA NA
Issue of duplicate pass book Rs.250 Rs.250 Rs.250 Rs.250 Rs.250 Rs.250
Frequency of Account Statement Monthly Monthly Monthly Monthly Monthly Monthly
Issue of Account Statement on adhoc basis Branch Banking: Rs. 100 for 90 days ATM Rs. 50 for 90 days; Weekly Statement: 300 per qaurter; Daily Statement: Rs. 1500 per quarter Branch Banking: Rs. 100 for 90 days ATM Rs. 50 for 90 days; Weekly Statement: 300 per qaurter; Daily Statement: Rs. 1500 per quarter Branch Banking: Rs. 100 for 90 days ATM Rs. 50 for 90 days; Weekly Statement: 300 per qaurter; Daily Statement: Rs. 1500 per quarter Branch Banking: Rs. 100 for 90 days ATM Rs. 50 for 90 days; Weekly Statement: 300 per qaurter; Daily Statement: Rs. 1500 per quarter Branch Banking: Rs. 100 for 90 days ATM Rs. 50 for 90 days;Weekly Statement: 300 per qaurter; Daily Statement: Rs. 1500 per quarter Branch Banking: Rs. 100 for 90 days ATM Rs. 50 for 90 days; Weekly Statement: 300 per qaurter; Daily Statement: Rs. 1500 per quarter
Mode of calculation of minimum balance (average quarterly balance) There is no requirement of minimum balance in Savings Accounts. However, Average Quarterly Balance is calculated by addition of End of Day balances for the financial quarter divided over the number of days in that quarter
Remittance Facilities through own bank            
DD- Issue Free upto Rs.30 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit# Free upto Rs.5 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit# Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) Free upto Rs.5 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit# Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000)
DD-Cancellation Rs.100 Rs.100 Rs.100 Rs.100 Rs.100 Rs.100
DD-Duplicate DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges
DD-Revalidation Rs.100 Rs.100 Rs.100 Rs.100 Rs.100 Rs.100
PO - Issue Free upto Rs.30 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit# Free upto Rs.5 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit# Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) Free upto Rs.5 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit# Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000)
PO-cancellation Rs.100 Rs.100 Rs.100 Rs.100 Rs.100 Rs.100
PO-Duplicate PO Cancellation Chgs + POIssuance charges PO Cancellation Chgs + POIssuance charges PO Cancellation Chgs + POIssuance charges PO Cancellation Chgs + POIssuance charges PO Cancellation Chgs + POIssuance charges PO Cancellation Chgs + POIssuance charges
PO-Revalidation Rs.100 Rs.100 Rs.100 Rs.100 Rs.100 Rs.100
TT - Issue (INR) NA NA NA NA NA NA
TT - Cancellation NA NA NA NA NA NA
TT-Duplicate NA NA NA NA NA NA
TT-Revalidation NA NA NA NA NA NA
NEFT Charges- inward Free Free Free Free Free Free
NEFT Charges- outward For Net enabled EFT - Free For physical instruction at the Branch - Rs. 25 upto Rs. 10 lacs; Rs. 50 above Rs. 10 lacs For Net enabled EFT - Free For physical instruction at the Branch - Rs. 25 upto Rs. 10 lacs; Rs. 50 above Rs. 10 lacs For Net enabled EFT - Free For physical instruction at the Branch - Rs. 25 upto Rs. 10 lacs; Rs. 50 above Rs. 10 lacs For Net enabled EFT - Free For physical instruction at the Branch - Rs. 25 upto Rs. 10 lacs; Rs. 50 above Rs. 10 lacs For Net enabled EFT - Free For physical instruction at the Branch - Rs. 25 upto Rs. 10 lacs; Rs. 50 above Rs. 10 lacs For Net enabled EFT - Free For physical instruction at the Branch - Rs. 25 upto Rs. 10 lacs; Rs. 50 above Rs. 10 lacs
RTGS-Outward Re.0.25 per 1000 (Min Rs.250 & Max Rs.2500) Re.0.25 per 1000 (Min Rs.250 & Max Rs.2500) Re.0.25 per 1000 (Min Rs.250 & Max Rs.2500) Re.0.25 per 1000 (Min Rs.250 & Max Rs.2500) Re.0.25 per 1000 (Min Rs.250 & Max Rs.2500) Re.0.25 per 1000 (Min Rs.250 & Max Rs.2500)
RTGS-Inward Free Free Free Free Free Free
Collection of Cheques Free Free Free Free Free Free for Local and Rs.2.5 per 1,000 (Min.Rs.50;Max. Rs. 5000) for Outstation Collection
Remittance Facilities through other bank            
DD- Issue Free upto Rs.30 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit* Free upto Rs.5 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit* Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) Free upto Rs.5 lakhs per annum Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) above the free limit* Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000)
DD-Cancellation Rs.100 Rs.100 Rs.100 Rs.100 Rs.100 Rs.100
DD-Duplicate DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges DD Cancellation Chgs + DD Issuance charges
DD-Revalidation Revalidation is not done, fresh DD is issued subject to issuance charges Revalidation is not done, fresh DD is issued subject to issuance charges Revalidation is not done, fresh DD is issued subject to issuance charges Revalidation is not done, fresh DD is issued subject to issuance charges Revalidation is not done, fresh DD is issued subject to issuance charges Revalidation is not done, fresh DD is issued subject to issuance charges
PO - Issue NA NA NA NA NA NA
PO-cancellation NA NA NA NA NA NA
PO-Duplicate NA NA NA NA NA NA
PO-Revalidation NA NA NA NA NA NA
TT - Issue NA NA NA NA NA NA
TT - Cancellation NA NA NA NA NA NA
TT-Duplicate NA NA NA NA NA NA
TT-Revalidation NA NA NA NA NA NA
EFT Charges- inward NA NA NA NA NA NA
EFT Charges- outward NA NA NA NA NA NA
RTGS-Outward NA NA NA NA NA NA
RTGS-Inward NA NA NA NA NA NA
Collection of Cheques NA NA NA NA NA NA
Foreign Exchange Transactions            
Remittance Outward SWIFT charges - Rs.300 + 0.125% (Min.Rs.300) as remittance charge DD - Rs.500, TT - Rs.500 + 0.125%(Min. Rs.300) as remittance charge SWIFT charges - Rs.300 + 0.125% (Min.Rs.300) as remittance charge DD - Rs.500, TT - Rs.500 + 0.125%(Min. Rs.300) as remittance charge SWIFT charges - Rs.300 + 0.125% (Min.Rs.300) as remittance charge DD - Rs.500, TT - Rs.500 + 0.125%(Min. Rs.300) as remittance charge SWIFT charges - Rs.300 + 0.125% (Min.Rs.300) as remittance charge DD - Rs.500, TT - Rs.500 + 0.125%(Min. Rs.300) as remittance charge SWIFT charges - Rs.300 + 0.125% (Min.Rs.300) as remittance charge DD - Rs.500, TT - Rs.500 + 0.125%(Min. Rs.300) as remittance charge SWIFT charges - Rs.300 + 0.125% (Min.Rs.300) as remittance charge DD - Rs.500, TT - Rs.500 + 0.125%(Min. Rs.300) as remittance charge
Remittance Inward Free Free Free Free Free Free
TCs - Selling NA NA NA NA NA NA
TCs - Encashing NA NA NA NA NA NA
TCs - Foreign Currency Selling - 1% of the TC amount(Min. 100) Encashment - Rs.500 Selling - 1% of the TC amount(Min. 100) Encashment - Rs.500   Selling - 1% of the TC amount(Min. 100) Encashment - Rs.500 Selling - 1% of the TC amount(Min. 100) Encashment - Rs.500 Selling - 1% of the TC amount(Min. 100) Encashment - Rs.500
Cheque Collection            
Local Free Free Free Free Free Free
Outstation through own bank Free Free Free Free Free Rs 2.50 per 1,000 (Min Rs. 50; Max Rs. 5,000)
Outstation through another bank Correspondent bank charges Correspondent bank charges Rs 2.50 per 1,000 (Min Rs. 50; Max Rs. 5,000) Correspondent bank charges Rs 2.50 per 1,000 (Min Rs. 50; Max Rs. 5,000) Rs 2.50 per 1,000 (Min Rs. 50; Max Rs. 5,000)
Bouncing of cheques- Local Deposited & Returned - Rs.300** Issued & Returned - Rs.300** Deposited & Returned - Rs.300** Issued & Returned - Rs.300** Deposited & Returned - Rs.300** Issued & Returned - Rs.300** Deposited & Returned - Rs.300** Issued & Returned - Rs.300** Deposited & Returned - Rs.300** Issued & Returned - Rs.300** Deposited & Returned - Rs.50 Issued & Returned - Rs.50
Bouncing of cheques- outstation- through own bank Rs.300** Rs.300** Rs.300** Rs.300** Rs.300** Rs.100 + Courier Charges
Bouncing of cheques- outstation- through another bank Rs.300** Rs.300** Rs.300** Rs.300** Rs.300** Rs.100 + Courier Charges + Correspondent Bank Charges
Cards            
ATM (Not applicable since Kotak Bank issues ATM cum Debit card) NA NA NA NA NA NA
Membership fee NA NA NA NA NA NA
Annual Fee NA NA NA NA NA NA
Renewal Charges NA NA NA NA NA NA
Late Payment Charges NA NA NA NA NA NA
Interest Charges NA NA NA NA NA NA
Replacement charges NA NA NA NA NA NA
Credit Card NA NA NA NA NA NA
Membership fee NA NA NA NA NA NA
Annual Fee NA NA NA NA NA NA
Renewal Charges NA NA NA NA NA NA
Late Payment Charges NA NA NA NA NA NA
Interest Charges NA NA NA NA NA NA
Replacement charges NA NA NA NA NA NA
Cash withdrawal NA NA NA NA NA NA
Debit Card (ATM cum Debit Card)            
Membership fee Free Free Free Free Free Rs.100
Annual Fee Free for Life Free for Life Free for 1st year Rs.100 for subsequent years Free for Life Free for 1st year Rs.100 for subsequent years Rs.100p.a.
Renewal Charges(issue of new plastic after the expiry of the original plastic) Free Free Free Free Free Rs.100
Late Payment Charges NA NA NA NA NA NA
Replacement charges Damaged Card: Free Lost Card: Rs.100 Damaged Card: Free Lost Card: Rs.100 Damaged Card: Free Lost Card: Rs.100 Damaged Card: Free Lost Card: Rs.100 Damaged Card: Free Lost Card: Rs.100 Damaged Card: Free Lost Card: Rs.100
Cash withdrawal at Kotak Bank ATMs Free Free Free Free Free Free
Transaction Charge for Partner banks Free Free Free Free Free Balance Enquiry: Free ^
Cash Withdrawal: Rs.17.80 ^
Transaction Charge for Non-Partner banks (International Transactions - additional input from the Bank) Domestic - Free International - Free Domestic - Free International - Balance Enquiry: Rs.15 Cash withdrawal: Rs.90 Domestic - Balance Enquiry: Free ^
Cash Withdrawal: Rs.17.80 ^
International - Balance Enquiry: Rs.15
Cash Withdrawal: Rs.90		 Balance Enquiry: Free ^
Cash Withdrawal: Rs 17.80 ^
International - Balance Enquiry: Rs.15
Cash Withdrawal: Rs.90		 Domestic - Balance Enquiry: Free ^
Cash Withdrawal: Rs.17.80 ^
International - Balance Enquiry: Rs.15
Cash Withdrawal: Rs.90		 Domestic - Balance Enquiry: Free ^
Cash Withdrawal: Rs.17.80 ^
International - Balance Enquiry: Rs.15
Cash Withdrawal: Rs.90
MISCELLANEOUS Balance enquiry: Branch/Kotak ATMs/Internet/Mobile Phone/Phone Banking Free Free Free Free All facilities are free except SMS Banking. It is charged at Rs. 100/annum
ALERTS Free All Alerts are free except Daily/Weekly account balance. Daily Account Balance Alerts are charged at Rs. 200/annum and Weekly Account Balance are charged at Rs. 75/annum. All Alerts are free except Daily/Weekly account balance. Daily Account Balance Alerts are charged at Rs. 200/annum and Weekly Account Balance are charged at Rs. 75/annum. All Alerts are free except Daily/Weekly account balance. Daily Account Balance Alerts are charged at Rs. 200/annum and Weekly Account Balance are charged at Rs. 75/annum. All Alerts are free except Daily/Weekly account balance. Daily Account Balance Alerts are charged at Rs. 200/annum and Weekly Account Balance are charged at Rs. 75/annum. All Alerts are free except Daily/Weekly account balance. Daily Account Balance Alerts are charged at Rs. 200/annum and Weekly Account Balance are charged at Rs. 75/annum.
Temporary Overdraft Charges (TOD) Rs 250 Rs 250 Rs 250 Rs 250 Rs 250 Rs 250
Balance Certificate Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100
Interest Certificate Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100 Current Year: Free Previous Year: Rs.100
Account closure Rs.1,200 if closed within 6 months. Else no charges Rs.600 if closed within 6 months. Else no charges Rs.600 if closed within 6 months. Else no charges Rs.600 if closed within 6 months. Else no charges Rs.600 if closed within 6 months. Else no charges Rs.100/- if closed within 6 months. Else no charges
Use of Fax/Telephone/Modem NA NA NA NA NA NA
Photo attestation Free Free Free Free Free Rs.100
Signature attestation Free Free Free Free Free Rs.100
Stop Payment Charges Rs.100 Rs.100 Rs.100 Rs.100 Rs.100 Rs.50
Inoperative account NA NA NA NA NA Rs.50
#The per annum free amount is an overall limit for both DDs & BCs on branch & non-branch locations
The above charges are exclusive of the service tax, education cess and higher secondary education cess which is currently 12.36%. The same is subject to change
Classic account is avalable only in semi urban and rural branches.
* Charge effective 15th Dec 2007
** Charge effective 15th Jan 2008
Interest on Savings Account- Interest is payable every quarter in KMBL. It is payable on the minimum balance between 10th and last day of the month.Current rate of interest on Savings Account is 3.50% p.a
This GSC has been applicable since Mar 2003 or as amended from time to time on specific elements
^ effective 01st April, 2008
Retail Loan            
Retail Loan Commercial Vehicle Personal Loan Saral Auto Tractor Finance Agricultural Finance Housing Finance
Loan Processing Charges 1% to 3% of Loan Amount upto 3% of Loan Amount 1% to 3% of Loan Amount 1.5% of Loan Amount 1.0% of Loan Amount 1.75%
Documents Charges Rs.250/- 0.5% of the Loan Amount Rs.250/- 0.5% of the Loan Amount 0.5% of the Loan Amount 0.5% of the Loan Amount
Prepayment Charges 4% if Within 12 months of date of Agreement, 3% after 12 months 6% if Within 6 months of date of Agreement, 4% after 6 months 7% if Within 12 months of date of Agreement,or 5% after 12 months 3%of Principal Outstanding 3%of Principal Outstanding 2%of Principal Outstanding+2% on amount prepaid in last 12 months
No due Certificate Nil Nil Nil Nil Nil Nil
Duplicate issue of NOC Rs.500/- Rs.500/- Rs.500/- Rs.500/- Rs.500/- Rs.500/-
Solvency Certificate Upto Rs.1000/- Upto Rs.1000/- Upto Rs.1000/- Upto Rs.1000/- Upto Rs.1000/- Upto Rs.1000/-
Charges for late payment of EMI 3%of Overdue Amount, compounded monthly 3%of Overdue Amount, compounded monthly 3%of Overdue Amount, compounded monthly 3%of Overdue Amount, compounded monthly 3%of Overdue Amount, compounded monthly 3%of Overdue Amount, compounded monthly
Penal On Penal Charges 3%of Penal Charges 3%of Penal Charges 3%of Penal Charges 3%of Penal Charges 3%of Penal Charges 3%of Penal Charges
Collections Charges 30%of gross penal 30%of gross penal 30%of gross penal 30%of gross penal 30%of gross penal 30%of gross penal
Dishonour Charges per instance 250 250 250 250 250 250
Charges for changing from fixed to floating rates of interest N.A. N.A. N.A. N.A. N.A. N.A.
Charges for changing from float to fixed rates of interest (switching Chgs) N.A. N.A. N.A. N.A. N.A. N.A.
* All charges are subjected to service tax @ 12.36%