Silk - Women's Savings Account

1860 266 2666

(24 X 7)

Kotak Mahindra Bank Silk programme is dedicated to the woman of substance. Be it the best of offers in finance, dining, health or lifestyle, this account has everything to offer. Silk is truly a toast to many things which empower women and make you feel special in every way.

  1. Get rewards on Kotak Silk Debit Card Spends - Cash back or Free Movie Tickets
  2. Financial Privileges - Discount on Locker rentals, 50% Discount on Best Compliments Card issuance fee, Avail NMC waiver in your kid's Junior account (Nova) through linked RD or SIP
  3. Hassle-free bill payments: BillPay facility: Use our BillPay facility for automatic payments of your bills through your bank account
  4. Safer online transactions: Generate a virtual card for online transactions with Kotak Gold netc@rd facility
  5. Wealth Statement: This facility gives you updates of your Savings Account, Current Account, Term Deposits, Demat Account and Mutual Funds, all in a single account statement
  6. Travel cashless: Use Kotak Mahindra Bank's Silk Debit Card and get special offers, privileges, lifestyle benefits and much more
  7. Home Banking Service: Enjoy services like cash pick-up, cash delivery, cheque / draft delivery, etc. without stepping out of your home. This service is available in select cities
  • Junior account (Nova) through linked RD or SIP
    For NMC waiver in Junior Account Minimum monthly RD or MF-SIP installment value of Rs. 2000/- (Rs. 1000 or above for Semi-Urban & Rural Branches); Minimum tenure of 36 months; Maximum cap on RD monthly installment : Rs. 50,000 for tenure up to 120 months / Rs. 1,00,000 for tenure up to 36 months.
  • Discount on Lockers
    As a Silk customer, enjoy a special 35% discount^* on Locker rentals for the first year
  • Discount on Best Compliments Card
    As a Silk customer, get a 50% discount* on the issuance fee on this card
  • Higher Debit Card Withdrawal Limits
    With our Kotak Silk Debit Card, spend without worry, anywhere, anytime. Enjoy the advantage of higher withdrawal limits with no annual fees on Ace Accounts
Additional features of Kotak Silk Debit Card
Swipe Limit at Merchant Outlet
(Point of Sale Limit)
Rs. 1,50,000
ATM Withdrawal LimitRs. 75,000
Cash Withdrawal at Merchant
Outlet (Cash @ POS)
Rs. 1,000
Lost Card LiabilityRs. 1,50,000
Purchase ProtectionRs. 50,000
Debit Card TypeClassic
  • Now get more from the bank as you keep less in the bank. As per the Union Budget 2012 interest earned up to Rs 10,000 from your Savings Account, is now tax free under section 80TTA of the Income Tax Act, 1961.
    Average Savings Account balance required to avail of this exemption:
Ordinary account (4.0 % p.a.)Kotak account (up to 6.0% p.a.)
Rs. 2.5 lakhsRs. 1.75 lakhs


*Subject to maintenance of Average Monthly Balance in the Silk Account

^ Subject to availability.

With Kotak Mahindra Bank you can avail great offers round the year from our key partners. Choose from offers across categories including restaurants, travel, shopping , electronics , health & wellness , entertainment etc as well as special EMI offers.

To find out the latest offers available on Silk - The Saving's Programme for Women Click here

Check out additional Kotak Bank Savings Account products by clicking here

  • 60 Free movie tickets: You can opt for the option of free monthly Movie Tickets at the time of account opening to watch all your favorite movies1
  • Rs. 4500/- Cashback: With your exclusive Silk Photo Debit Card, enjoy attractive Cashback each time you shop2, up to Rs. 4500/-3 in a year.

Your Silk Debit Card offers Cashback across all spends,inclusive of the following categories:

  1. Grocery
  2. Jewellery
  3. Fuel*
  4. Hotel and Dining
  5. Entertainment
  6. Health and Beauty
  7. Apparel

Reward Details on debit card spends are listed below3 (with effect from 1st August 2014)

 Edge/NovaPro/ClassicAce / Platina
CashbackRs.1200/- per annum / Rs.100/- per monthRs.1800 per annum. / Rs.150/- per monthRs.4500 per annum / Rs.375/- per month
Movie Tickets (Monday to Saturday)12 tickets @1/month24 tickets @2/month60 tickets @5/month

Criteria to avail rewards on debit card spends3

 Edge/NovaPro/ClassicAce / Platina
Min Spend/Month subject to maintenance of AMB for previous monthRs.2500/monthRs.5000/monthRs.15,000/- per month


1Cashback / Movie tickets subject to meeting of minimum Average Monthly Balance requirement.

1Cashback / Movie tickets will be credited monthly.

2ATM Cash Withdrawals are not eligible for Cashback.

3Applicable maximum yearly Movie Tickets/Cashback for Ace/Platina Savings Account Holders. Details of the same will be communicated through email and SMS.

*Fuel Surcharge is not waived off. Fuel surcharge amount is not considered as a spend and excluded from computation of Silk Rewards.

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