Nova Saving Accounts

Key Features

  • Greater ATM access through the Kotak Mahindra Bank Debit Card
  • Financial payments facilitated through the savings account
  • Quick and easy funds transfer

Kotak Mahindra Bank´s Nova Savings Account is a complete financial package customized to suit your individual banking needs. Our constant endeavour is to enable regular financial transactions through our online platform so that most of your payments can be made directly through your account or card.

Features & Benefits

Wider ATM access through the Kotak Mahindra Bank Debit Card You can walk into any KOTAK or HDFC Bank ATMs to withdraw cash or enquire your balance at no extra charge!

Multiple access channels Access your account through your phone, 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 our free Kotak Payment Gateway to make online payments for utility bills, credit cards, online trading of shares or even online shopping.

Quick and easy funds transfer Quick funds transfer to a third party account with another bank is available across 15 locations through Net Banking. You also get a multi-city cheque book so that money from account is received by the beneficiary in the fastest possible time.

Free investment account You can open an investment account, and use the Net Banking facility to purchase / redeem mutual funds online while directly debiting/crediting your bank account. Besides this you get a consolidated view of all your mutual fund investments across schemes with updated returns status, latest NAV information and research reports.

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.