Fees & Charges
| Particulars | Kotak 811 Limited KYC | Kotak 811 Lite | Kotak 811 Full KYC account | |
|---|---|---|---|---|
| Average monthly Balance | Zero | Zero | Zero | |
| Funds Transfer | NEFT / RTGS / Funds Transfers / IMPS (Through Net / Mobile Banking) | NEFT / IMPS: Nil Charges; (RTGS: Not available) | Outward fund transfer is not available | NEFT / IMPS/RTGS: Nil Charges |
| NEFT / RTGS done through Branch | Not available | Not available | For NEFT: Upto 10000: 2; 10001 to 100000:4; 100001 to 200000:14; >200000:24.For RTGS: 200000 to 500000:20; >500000:40 | |
| Cash Transactions | Cash Transactions at Branch / Cash Deposit Machine (Deposit or Withdrawal) | Nil Charges for 1 transaction or 10,000 / month, whichever is earlier. Post these limits, charged at Rs 4.5 / 1000 (Minimum Rs 50) (Cash Withdrawal: Not available) |
Nil Charges for 1 transaction or 10,000 / month, whichever is earlier. Post these limits, charged at Rs 4.5 / 1000 (Minimum Rs 50) (Cash Withdrawal: Not available) |
Nil Charges for 1 transaction or 10,000 / month, whichever is earlier (applicable for both cash deposit and cash withdrawal separately). Post these limits, charged at Rs 4.5 / 1000 (Minimum Rs 50) For 811 Select customers: Nil Charges upto 4 transactions or 1 lac / month , whichever is earlier. Post these limits, charged at Rs 4.5 / 1000 (Minimum Rs 150) |
| Debit Card / ATM Charges (Virtual Debit Card) | Issuance / Annual Fee / Replacement | Nil Charges | Virtual Prepaid Card with Nil Charges | Nil charges |
| Debit Card / ATM Charges (with Physical Debit Card) | Classic Debit Card-Annual Fees Or Replacement of Lost Debit Card (Physical Debit card) | Rs 299/year (inclusive of taxes) | Not available | Rs 299/year (inclusive of taxes) |
| Image Debit Card (available on request only). | One time image cost basis selected Image + Rs. 299/year (inclusive of taxes) Annual charges | Not available | One time image cost basis selected Image + Rs. 299/year (inclusive of taxes) | |
| Kotak Bank's ATM • Financial Transaction / Non-Financial Transaction* | 5 financial Transaction / month @ nil charges, thereafter Financial Txn. – 21.00 / Txn. No charge for non-financial transactions |
Not available | 5 financial Transaction / month @ nil charges, thereafter Financial Txn. – 21.00 / Txn. No charge for non-financial transactions |
|
| Other Domestic ATMS • Financial Transaction / Non-Financial Transaction## / Declined Transactions due to insufficient balance |
Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @ nil charges in top 6 cities (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad), thereafter Financial Transaction - Rs. 21 / transaction and Non-Financial Transaction - Rs. 8.50 / transaction. | Not available | Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @ nil charges in top 6 cities (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad), thereafter Financial Transaction - Rs. 21 / transaction and Non-Financial Transaction - Rs. 8.50 / transaction. | |
| Financial Transaction / Non-Financial Transaction at International ATM + | 150 / Txn. for Financial transactions and 25 / Txn for non-Financial transactions | Not available | 150 / Txn. for Financial transactions and 25 / Txn for non-Financial transactions | |
| Transactions declined at merchant outlets / websites due to insufficient balance | Rs.25 / Transaction | Not available | Rs.25 / Transaction | |
| Cardless cash withdrawl (IMT) | Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction. | Not available | Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction. | |
| DD / Pay order / Cheque book | DD / Pay Order | Not available | Not available | Rs. 4/- per Rs. 1000/- (Min 50 Max 10000) For senior citizens Rs. 3/- per Rs. 1000/- |
| FCY • DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return |
Not available | Not available | 500 | |
| At-par Cheque Book Charges | Not available | Not available | Chargeable Rs. 3 per cheque leaf (available on request) For 811 Select customers: Nil Charges for 5 Cheque leaves per Qtr Thereafter chargeable @ Rs. 3 per cheque leaf (available on request) (Min 25 leaves in one cheque book when requested via Kotak Mobile Banking App) |
|
| ECS / Cheque Issued & Returned (due to non-availability of funds) | Not available | Not available | 500 / instance | |
| Cheque Issued & Returned Fee for Non-Financial Reasons | Not available | Not available | 50/ instance | |
| ECS Mandate Verification | Not available | Not available | 50/ instance | |
| SI Failure | Not available | Not available | 200 | |
| Cheque deposited and returned (INR) | Not available | Not available | 200 | |
| Branch Requests | Duplicate Ad-hoc statement, Balance & Interest Statement, Foreign Inward Remittance Certificate, Duplicate Passbook, TDS Cerificate Through Branch or any other Record Retrieval, Stop Payment • Single / Range of cheque thru branch; DD / PO / BC Revalidation / Cancellation( INR); Annual Combined Statement • Physical; Monthly Physical Statement |
Not available | Not available | Rs 100 / Request For Senior Citizens: DD Cancellation Charges - NIL, Other mentioned services except Foreign Inward Remittance Certificate (FIRC) - Rs 75/ request, FIRC - Rs 100/ request |
| Statements & Alerts | Statements | Email statement @ nil charges Physical statement @ 100 / Request |
Email statement @ nil charges Physical statement @ 100 / Request |
Email statement @ nil charges Physical statement @ 100 / Request |
| Balances and Transaction & Value added alerts (Daily / Weekly) | 50 p. per SMS (Daily/Weekly) | 50 p. per SMS (Daily/Weekly) | 50 p. per SMS (Daily/Weekly) | |
| Home Banking Service | Cash** / Instrument Pick Up / Delivery (Not Valid for Ahmedabad & Kolkata) | Not available | Not available | Rs. 150 per visit |
| Other Charges | TOD | Not available | Not available | TOD: Rs 500 |
| Cheque purchase | Not available | Not available | Cheque purchase charges: 0.5/1000 (Min 50 : Max 10000) | |
| Request for PIN generation/re-generation (sent through courier) | 100/request | 100/request | 100/request | |
| Features of Kotak811 Lite Mobile Account: Aggregate of all credits should not exceed Rs. 5,000 in a calendar month. Balance in the account should not exceed Rs. 5,000 at any point in time. The aggregate of all credits should not exceed Rs. 1,20,000 in a financial year. Customer won't be allowed to transfer funds before the account is converted to Full KYC account. No cheque book will be issued and cheque deposit will not be allowed to customers. | ||||
| Features of Kotak811 Limited Full KYC Account: Aggregate of all credit should not exceed 2 Lakh in a year and, Account balance at any point should not exceed 1 Lakh. Customer can transfer a maximum amount of 1,00,000 through online transfers. Customer won't be allowed to transfer funds through branch before the account is converted to Full KYC account. No cheque book will be issued. | ||||
| ##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction. | ||||
| #+ Top 6 Cities • Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs. | ||||
| *Financial transaction at ATM will include Cash withdrawal, Non-Financial transaction will include balance enquiry, PIN change, Mini statement request. | ||||
| Transaction and Value Added SMS alerts would be sent to the customers who have subscribed for Daily / Weekly. Balance Alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed. | ||||
| *^ Physical regeneration of PIN will not be allowed for Kotak811 customers. Customer need to visit Mobile banking App to generate the PIN. | ||||
| #Indo - Nepal Remittance Scheme (NEFT Charges): | ||||
| If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes). | ||||
| If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Up to Rs. 5000 – Rs. 75 per txn. & beyond Rs. 5000 – Rs. 100 per txn. (incl all taxes). Nil charges for NEFT done thru Mobile banking / Net Banking. | ||||
| The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction. | ||||
| Charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) | ||||
| Charges are exclusive of the Goods and Service Tax (GST). | ||||
| With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time. | ||||
| State Government Taxes/ Cess as applicable shall be charged. | ||||
| With effect from September 1 st 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year. | ||||
| Any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs. 350/- per rejection<> | ||||
| As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts. | ||||
| +Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder. | ||||
| The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges. | ||||
| ~Any purchase / sale of foreign exchange will attract Service Tax on the gross amount of currency exchanged as per Service Tax on Foreign Currency Conversion Charges (FCY) table below. | ||||
| **Wef 1st Feb 21 Cash Pick Up / Delivery for Ahmedabad & Kolkata for all SA & CSA account types - Free limits not valid on Cash Pickup Charges. For charges Kindly refer to table below. Cash Pick Up / Delivery (Ahmedabad & Kolkata Only): Up to 2 lacs: Rs 750/- per Req, Rs 2 Lacs to Rs 4 lacs: 1000/- per req, Rs 4 Lacs to Rs 8 lacs: 1575/- per req, Rs 8 Lacs to Rs 15 lacs: 2650/- per req, Rs 15 lacs & above: 4900/- per req | ||||
| ** UPI is not available for 811 Lite Account | ||||
| Value of purchase or sale of Foreign Currency | Value on which GST rate will be applicable | |||
| Up to Rs. 1,00,000 | 1% of the gross amount of currency exchanges or minimum of Rs. 250/- | |||
| Above Rs. 1,00,000 to Rs.10,00,000 | 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000. | |||
| Above Rs. 10,00,000 | Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs. 60,000/- | |||
| Outward Remittances - Individual | Standard Charges | |||
| Telegraphic Transfer Charges (other than payment for imports) | INR 1250 + Tax | |||
| Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter) | INR 1000 + Tax | |||
| Issue of FCY DD's | INR 750 + Tax | |||
| Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account) | 0.125 %; minimum INR 1,000 +Tax | |||
811₹0/monthaverage monthly balanceYour zero balance account with
basic features.
|
811 Edge*₹10,000/monthaverage monthly balanceEnjoy the premium 811 experience
with additional benefits.
|
|
| Debit card type and fees | Classic Rs 299/year (inclusive of taxes) | Platinum Rs 199 /year (inclusive of taxes) |
| Chequebook** | Chargeable | Free 25 leaves YEARLY |
| Branch Transactions | 1 free transaction of upto Rs 10,000 per month (for both cash deposit & withdrawal** separately) | 4 free transactions upto ₹2lakhs per month |
| Home Banking | Available @ ₹150/visit | Available @ ₹150/visit |
| ATM withdrawals | 5 Free monthly (Kotak Bank ATM & Other Domestic Bank ATMs^ each) | Free & Unlimited (Kotak Bank ATM) 5 Free monthly (Other Domestic Bank ATMs^) |
* You can choose to upgrade to 811 Edge at the time of in-person Full KYC verification
|** On completing Full KYC
|^Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of Maximum 3 transactions
@ nil charges in Top 6# Cities
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