Silk - Women's Savings Account

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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 women’s savings account has everything to offer. Silk is truly a toast to many things which empower women and make them feel special in every way.

  1. Get Cash Back on Kotak Silk Debit Card Spends from Silk savings account
  2. Financial Privileges - 35% discount on Locker Rentals for the first year, 50% Discount on Best Compliments Card issuance fee, Avail Non Maintenance Charge waiver in your kid’s Junior savings account through linked RD or SIP.
  3. Hassle-free bill payments: BillPay facility: Use our BillPay facility for automatic payments of your bills through your silk - women’s savings account
  4. Wealth Statement: This facility gives you updates of your Women’s Savings Account, Current Account, Term Deposits, Demat Account and Mutual Funds, all in a single account statement
  5. Travel cashless: Use Kotak Mahindra Bank's Silk Debit Card and get special offers, privileges, lifestyle benefits and much more
  6. 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

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Earn up to 6% p.a. interest on savings account balance over Rs. 1 lakh and up to Rs. 5 crs. Earn 5% p.a. interest on savings account balance up to Rs. 1 lakh and 5.5% p.a. interest on savings account balance above Rs. 5 crs. Applicable for Resident Accounts only.

  • Junior account through linked RD or SIP
    For NMC# waiver in Junior Account Minimum monthly RD or MF-SIP instalment value of Rs. 2000/- (Rs. 1000 or above for Semi-Urban & Rural Branches); Minimum tenure of 36 months; Maximum cap on RD monthly instalment : 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.

# Non Maintenance Charge

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 women's savings account click here

Check out additional Kotak Bank Savings Account products by clicking here

  • Rs. 4500/- Cashback1: 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 Silk Debit Card spends are listed below (with effect from 1st Apr 2017)

 Edge/NovaPro/ClassicAce / Platina
CashbackRs. 1200/- per annum / Rs. 100/- per monthRs. 3000 per annum. / Rs. 250/- per monthRs. 4500 per annum / Rs. 375/- per month

Criteria to avail rewards on debit card spends3

 Edge/NovaPro/ClassicAce / Platina
Min Spend/Month subject to maintenance of AMB for previous monthRs.7500/monthRs.15000/monthRs.25000/- per month


1Cashback is subject to meeting of minimum Average Monthly Balance requirement & will be credited monthly.

2ATM Cash Withdrawals are not eligible for Cashback.

3Applicable maximum yearly 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.

^All Spends done offline at POS or online through E-Commerce websites, using Silk Debit Card as the mode of payment will be considered for rewards.

  • Silk offers Cash back Rewards to all its customers on meeting the qualifying criteria.
  • Rewards for a particular calendar month are processed and communicated to all qualifying customers in the subsequent month.
  • Cash Back credit confirmation and other Silk Programme related communication are sent to the registered e-mail and/or mobile no. of Sole/Primary account holder maintained with the Bank and it will be the responsibility of the customer/account holder to have a valid e-maill id & mobile number updated with the bank at all times, failing which, customer may not receive the Cash Back credit confirmation mail / SMS and Bank shall not be responsible for such failure on part of customer.
  • Customers with mobile numbers / e-mail id registered for DNC / NDNC will not receive SMS confirmation from us unless a specific consent has been provided to the Bank. In the event of non-receipt of Cash Back credit confirmation within the subsequent month from the last day of qualifying month, customers to contact their relationship manager/branch/customer service helpline within 50 days from the date of qualifying for the rewards. Any claims of non-receipt of the rewards beyond the stipulated period shall not be entertained.
  • Silk Programme privileges and rewards are subject to maintenance of requisite average monthly balances in the account with Silk Programme.
  • The Bank shall not be liable for any loss or damage arising or resulting from delay in transmission delivery or non-delivery of electronic messages or any mistake, omission, or error in transmission or delivery thereof or in deciphering the message owing to any reason beyond the control of the Bank.
  • The Bank will on a best-effort basis send the Cash Back credit confirmation in the specified duration as above, and shall not be responsible for delay or non-delivery or non-receipt of the same.
  • The Bank also reserves the right with / without notice to extend or terminate this offer or alter the terms and conditions or modify existing process of redemption / introduce any additional process at any time without assigning any reason whatsoever.
  • The decision of the Bank with respect to this Offer shall be final and binding. All disputes arising out of or in connection with this Offer shall be subject to the jurisdiction of courts at Mumbai.
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