Service Charges & Fees

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  • General Schedule of Charges For Corporate Current Accounts (Effective 15th March 2014)

    General Schedule of Charges For Corporate Current Accounts

    with effect from 15th March 2014
    ParticularsProduct Level Free Limits & Charges
    (in Rs.)
    Remittances/Payments:
    Demand Draft/ Banker's ChequePayable at Branch LocationsFree
    Payable at Non- branch LocationsRs 2.00/1000;
    Min Rs 50; Max Rs 5000
    DD Cancellation Charges Rs 100/- per Inst
    RTGSOutwardRs 25/Txn
    NEFTOutwardUpto 10K: Rs 2.50/Txn;
    >10K - 2L: Rs 5/Txn;
    >2L: Rs 25/Txn                                  
    Fund TransferWithin Kotak AccountsFree
    Cheque BookDefault Cheque Book is Payable At-par Only1st Chq Book Free; Rs 2 per leaf thereafter
    Receipts/ Collections:
    Local Clearing Cheque Free
    Out-station Cheque
    (Cheques drawn on non-speed clearing branches)
    Drawn at Kotak Branch LocationsFree
    Drawn at Kotak Non - branch Locations<10K: 50/Chq;
    10K - 1L: 100/Chq;
    >1L:150/chq                                  
    RTGSInwardFree
    NEFTInwardFree
    Fund TransferInwardFree
    Other Charges:
    Account Related
    Account Closure Charges Free
    Dormancy Charges Free
    Cheque Returns
    Cheques Deposited & Returned (Outward)LocalRs 100/- per Inst
    Out-stationRs 100/- per Inst
    Cheques Issued and Returned (Inward)Financial ReasonsRs 100/- per Inst
    Charges Common for All Products
    Account Statements
    Ad- hoc Statements Request Free
    Standing Instruction
    Set-up/Execution/Amendment/Failure Free
    Miscellaneous Charges
    PIN Regeneration Free
    Stop Payment Charges Free
    In addition to the above service tax, 2% secondary education cess and 1% higher secondary education cess will also be applicable.

    Please Note:

    • Abbreviations Used: For all value figures Inst= Instrument; Txn= Transaction; Chq= Cheque; K= Thousand
    • Charges are exclusive of the Service Tax, Education cess & Higher Secondary Cess tax which is currently 12.36%. The same is subject to change.
    • All charges are subject to revision with an prior intimation of 30 days to account holders.
    • The above charges are applicable for all states other than Jammu & Kashmir. GST is applicable in the state of Jammu & Kashmir. For charges applicable to Jammu & Kashmir, please contact the respective Relationship Manager.