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ActivMoney Premium Current Account

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Unlock growth and supercharge your business:

  • Maintain a robust Average Quarterly Balance of ₹5 Lakh.
  • ActivMoney facility initiates an auto-sweep from the Current Account to a Fixed Deposit (FD) once your funds cross the specified limit, thus enabling you to earn up to 7%* interest p.a.
  • No penalty for premature withdrawal of FD, keeping your funds flexible.
  • Fixed Deposits are created for 180 days in multiples of ₹5,000.
  • Deposit cash up to 10 times the previous month’s average credit balance or ₹60 Lakh, whichever is higher.
  • Enjoy the privilege of free cash withdrawal at your home branch.
  • Free cash withdrawal at non-home branch locations up to ₹5 Lakh daily.
  • Benefit from free unlimited Demand Drafts payable at Kotak and Non-Kotak Bank branches.
  • A waiver on outward cheque returns (up to 10 monthly instruments).

ActivMoney^ Current Account

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Elevate your business banking experience with features designed to help you streamline your business.

  • Maintain an Average Quarterly Balance of ₹2.5 Lakh.
  • ActivMoney facility initiates an auto-sweep from the Current Account to a Fixed Deposit (FD) once your funds cross the specified limit, thus enabling you to earn up to 7%* interest p.a.
  • Enjoy the flexibility of no penalty for premature withdrawal of FD.
  • Fixed Deposits are created for 180 days in multiples of ₹5,000.
  • Deposit cash up to 10 times the previous month’s average credit balance or ₹25 Lakh, whichever is higher.
  • Benefit from free cash withdrawal at your home branch location.
  • Free cash withdrawal at non-home branch locations up to ₹2.5 Lakh per day.
  • Avail free Demand Drafts (up to 50 monthly instruments) payable at Kotak Bank branches.
  • Free Demand Drafts (up to ₹30 Lakh per month) payable at non-Kotak Bank branches.
  • Enjoy a waiver on outward cheque returns (up to 10 instruments per month).

ActivMoney Lite Current Account

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Experience the power of smart banking with power-packed features:

  • Maintain an Average Quarterly Balance of ₹1 Lakh.
  • ActivMoney facility enables an auto sweep from the Current Account to a Fixed Deposit once the funds cross the specified limit, thus enabling you to earn interest up to 7%* p.a.
  • Enjoy the flexibility of no penalty for premature withdrawal of Fixed Deposit.
  • Fixed Deposits are created for 180 days in multiples of ₹5,000.
  • Enjoy free cash deposit up to ₹10 Lakh per month.
  • Benefit from free cash withdrawal at your home branch location.
  • Free cash withdrawal at non-home branch locations up to ₹1 Lakh per day.
  • Avail free unlimited Demand Drafts payable at both Kotak and Non-Kotak Bank branches.
  • Enjoy a waiver on outward cheque returns (up to 7 monthly instruments).

Offers Beyond Banking for your business

For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto-Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in the Current Account, the TD will be broken prematurely and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. Auto-Sweep out of funds above a pre-specified threshold from Current Account to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 5,000/- The nomination registered for Current Account will apply for FDs created through ActivMoney. If the customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to Fixed Deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to the customer. The rate mentioned is applicable for Fixed Deposits less than Rs. 2 Crores for a tenure of 180 days and is subject to change without prior notice. For ActivMoney (2 way sweep deposits), Regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit, for all customers including Senior Citizens/Bank Staff without any pre-payment penalty.

Frequently Asked Questions

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What is ActivMoney Current Account and how does it differ from a regular current account?

The standout feature of ActivMoney Current Account is the auto-sweep facility. When your balance exceeds a certain threshold, this facility automatically transfers the excess funds into a fixed deposit, enabling you to earn interest up to 7%* p.a. and optimise liquidity management, going beyond the offerings of a regular Current Account.

*For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in the Current Account, the TD will be broken prematurely and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. AutoSweep out of funds above a pre-specified threshold from Current Account to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 5,000/- The nomination registered for Current Account will apply for FDs created through ActivMoney. If the customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to Fixed Deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to the customer. The rate mentioned is applicable for Fixed Deposits less than Rs. 2 Crores for a tenure of 180 days and is subject to change without prior notice. For ActivMoney (2 way sweep deposits), Regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit, for all customers including Senior Citizens/Bank Staff without any pre-payment penalty.*For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in the Current Account, the TD will be broken prematurely and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. AutoSweep out of funds above a pre-specified threshold from Current Account to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 5,000/- The nomination registered for Current Account will apply for FDs created through ActivMoney. If the customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to Fixed Deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to the customer. The rate mentioned is applicable for Fixed Deposits less than Rs. 2 Crores for a tenure of 180 days and is subject to change without prior notice. For ActivMoney (2 way sweep deposits), Regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit, for all customers including Senior Citizens/Bank Staff without any pre-payment penalty.

What are the features and benefits of ActivMoney current account?

ActivMoney Current Account encompasses all the standard features of a Current Account, including a chequebook, debit card, and online banking.

What sets it apart is the added benefit of an auto-sweep facility. This unique feature automatically transfers idle funds to a fixed deposit, allowing you to earn interest up to 7%* p.a., thus maximising your earnings. These combined benefits of this Current Account enhance your banking experience, making it a preferred choice for businesses.

Who can avail Activmoney facility in Current Account?

The ActivMoney facility is pre-enabled with the ActivMoney Current Account. To add this facility to another account variant, you can visit your nearest Kotak Mahindra Bank branch.

What is the minimum balance required to activate the auto sweep facility in current account?

The auto-sweep facility in ActivMoney Current Account is activated once the balance in your account reaches thrice the Current Account minimum balance.

Different ActivMoney accounts offer various thresholds for this feature, providing flexibility based on your banking needs.

Can I manually control the amount transferred to the fixed deposit or is it automated?

The Current Account auto-sweep feature in ActivMoney Current Account is automated.

This means that funds above a pre-fixed threshold automatically get converted into Fixed Deposits in multiples of Rs. 5,000, thus earning you interest.