Ace Saving Accounts

Key Features

  • Free access at all domestic and international VISA ATMs
  • Investment account
  • Dedicated relationship manager
  • Online trading account

Kotak Mahindra Bank's Ace Savings Account has been designed as a gateway to a world of financial benefits and privileged banking transactions. The account carries benefits ranging from personal investment advisory services to free banking transactions. You will find that this package of services and privileges is unmatched by any other savings account in the market.

Features & Benefits

Free access at all domestic and international VISA ATMs You no longer have to worry about locating your Bank or Partner Bank ATM - Use the first VISA ATM that you spot, for free cash withdrawal or balance enquiry transactions. So walk into any VISA ATM in India or abroad to withdraw cash or for balance enquiry.

Multiple access channels Access your account anytime through your land line, mobile phone or internet to get information on your account balance or track your transactions. You can even transfer funds through Phone Banking or Net Banking.

Financial payments facilitated through the savings account Use the free Kotak Payment Gateway to make online payments for your utility bills, credit cards, online trading of shares or even online shopping. All this at the click of a mouse!

Quick and easy funds transfer Transfer funds easily and with speed, to a beneficiary account at another bank. You can avail of this facility by walking into any of our branches or by simple logging on to Net Banking. You also get a free multi-city cheque book so that money from your account is transferred to the beneficiary's account at any of our branch locations, in the fastest possible time.

Free banking transactions You can issue demand drafts or send cheques for collection anywhere in the country for no extra charge.

ActivMoney Earn better returns in your savings account, with our ActivMoney facility that automatically sweeps out idle funds, above a threshold, from your account into Term Deposits. These Term Deposits sweep back into your account to meet fund requirements when your withdrawals exceed the balance available in your account, thereby providing you maximum liquidity.

Investment account Use the Net Banking facility to purchase/redeem mutual funds online while directly debiting / crediting your bank account. Further, you get a investment account for tracking your investments with the Bank. This account provides you a consolidated view of all your mutual fund investments across schemes with updated returns status, latest NAV information and research reports.

Dedicated relationship manager You get a one point contact for all your banking related queries and transactions. Your relationship manager is qualified to help you with financial planning and sound investment decisions in order to meet your financial goals.

Family Savings Account The Kotak Ace Savings package allows you to extend the Kotak banking experience to three of your family members. Under this scheme you are eligible to open 3 Edge Savings Account with NMC waiver on all 3 accounts, so long as the AQB of your ACE account is maintained.

Online trading account Link your savings account to your online trading with Kotak Securities to enable transfer of funds from your bank account to your account with Kotak Securities and vice versa.