Features

Despite being a premier current account, Elite offers comfortable balance requirements along with a host of benefits such as free demand drafts, a great overdraft facility, and waivers on cash deposit and withdrawals

Comfortable Quarterly Balance

Maintain an Average Quarterly Balance of Rs. 1 Lakh

Business Class Gold Debit Card

Daily purchase limit of Rs. 1.75 lakh and daily ATM cash withdrawal limit of Rs. 50,000

Kotak ActivMoney

Current account balance converts to term deposits – to help earn attractive returns on idle balances

Kotak Credit Access

Unsecured overdraft facility up to Rs. 15 lakhs for short-term business needs (3)

Free Demand Drafts

Payable at Kotak bank branches (up to 30 per month)

More Features & Benefits

Free access at all domestic VISA ATMs with Kotak Business Power Gold Debit Card
Free demand drafts (up to Rs. 10 lakh per month) payable at non-Kotak branches
Free cheque collection through Speed Clearing
Free multi-city cheque books (at par cheque books) (1)
Faster outstation cheque collection
Free cash withdrawal at the home branch location
Free cash withdrawal at non-home branches - up to Rs 1 lakh per day
Free cash deposit upto Rs 10 lakh per month
Home-banking service: On call cash/cheque pickup and delivery. Free up to 3 cheque pick-up/DD delivery requests per month & thereafter standard charges (2)
Free beat service: Daily visits to your home or office for picking up and depositing cheques into your account
Waiver on outward cheque returns (up to 7 instruments per month)
Free NEFT and RTGS at the branch and through net-banking
Free 24x7 net, mobile, phone, and SMS banking
Balance alerts / transaction and value-added alerts through SMS at a nominal charges. Email alerts are free
Kotak Circle: Facility to club multiple current and savings accounts – this provides the flexibility to maintain minimum group AQB balance in any one or more accounts
Better forex rates and efficient trade services
Forex Live – An internet-based foreign exchange trading platform that enables buying and selling foreign currency for import/export transactions and other remittances (4)
Cash management services
Payment gateway solutions for quick receipt of payments from customers (5)
Point of Sales (POS) Solutions – Standalone POS terminals / Wireless POS Terminals - GPRS (5)

Disclaimers

300 cheque leaves free per month; standard charges apply thereafter.
Refer the General Schedule of Features & Charges (GSFC) to know Home Banking charges applicable as per your account type.
Kotak Credit Access - Unsecured overdraft facility up to Rs. 15 lac for business emergencies
Conditions apply. Available in select locations only. Credit at the sole discretion of Kotak Mahindra Bank Ltd. and is subject to the guidelines issued by the RBI periodically. The bank may engage the services of marketing agents for sourcing loan assets.
At the bank's discretion.
Offered through third-party tie-ups.

All the features and benefits are subject to terms, conditions, and exclusions. Please refer to the ‘General Schedule of Features and Charges’ for more details.