Financial Inclusion - Savings Accounts

1860 266 2666

(24 X 7)

The Kotak Basic Savings Bank Deposit Account (BSBDA) and Small Savings Account are Savings bank accounts with all basic banking facilities with no Minimum Balance requirements and simple KYC documentation.

Mode of operationSingle/Joint
Initial deposit amountNil
Minimum/Average Monthly balance (AMB)Nil
Minimum/AMB Non Maintenance Charges (NMC)Nil
Rate of interest6% p.a on balance above Rs. 1 lakh. With effect from 1st November 2014, 5% p.a. on balance up to Rs. 1 lakh.
Cheque facilityFree - One Cheque book of 5 leaves in a Financial year
ATM-cum-debit cardFree
Replacement of damaged cardFree
ATM BankingAvailable
Net Banking / Mobile Banking / Phone BankingAvailable
Bank StatementFree monthly E-mail statements
Free quarterly Physical statements
Pass bookFree in lieu of physical statement
Account closure chargesFree
Charges for availing services other than those covered hereAs per the "General Schedule of Features and Charges for BSBDA & Small", which is displayed at branch premises/notice board. It is also available on our website - www.kotak.com
Nomination facilityAvailable
Product Available atAll our branches

Disclaimers:

Charges are exclusive of the Service Tax and Education Cess.
Just walk in to any of our bank branch and meet our Customer Service Executive / Service Manager / Branch Manager for more details.


 
Mode of operationSingle/Joint
Initial deposit amountNil
Minimum/Average Monthly balance (AMB)Nil
Minimum/AMB Non Maintenance Charges (NMC)Nil
Cheque facilityFree - One Cheque book of 5 leaves in a Financial year
ATM-cum-debit cardFree
Replacement of damaged cardFree
ATM BankingAvailable
Net Banking / Mobile Banking / Phone BankingNot Available
Bank StatementFree monthly E-mail statements
Free quarterly Physical statements
Pass bookFree in lieu of physical statement
Account closure chargesFree
Charges for availing services other than those covered hereAs per the "General Schedule of Features and Charges for BSBDA & Small", which is displayed at branch premises/notice board. It is also available on our website - www.kotak.com
Nomination facilityAvailable
Product Available atAll our branches
Other DetailsAggregate of all credit should not exceed 1 lakh
Account balance at any point should not exceed 50,000
Aggregate of all debits (withdrawals & transfers including clearing) in a month should not exceed 10,000

Basic Savings Bank Deposit Account

Leaflet - English
Leaflet - Hindi

Small Savings Account

Leaflet - English
Leaflet - Hindi


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