Professional Current Account - Open Instantly for SMEs

Pro Current Account

Pro Current Account is designed for professionals managing small to medium businesses. Light quarterly balance requirements with features such as Business Class Gold Debit Card, Kotak ActivMoney, and great overdraft facilities to support growth

Comfortable Quarterly Balance

Maintain an Average Quarterly Balance of Rs. 50,000

Business Power Platinum Debit Card

Daily purchase limit of Rs. 2.50 lakhs 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 non-Kotak bank branches (up to 15 per month)

More Features & Benefits

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 50,000 per day
Free cash deposit upto Rs 6 lakh per month
home-banking service: On call cash/cheque pickup and delivery (2)
Waiver on outward cheque returns (up to 5 instruments per month)
Free NEFT and RTGS 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 saving accounts – this provides the flexibility to maintain minimum group AQB balance in any one or more accounts
A dedicated relationship manager who will be a single point of contact with the bank
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 Sale (POS) Solutions - Accept contactless, secure and faster payments with Kotak NFC enabled POS machines. Our customised Android Solution integrates with the billing application seamlessly and comes with features like Same-day Settlements, Dynamic Currency Conversion, Instant EMI Conversion, and more.

Disclaimers

200 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.
Conditions apply. Available in select locations only. Credit is at the sole discretion of Kotak Mahindra Bank Ltd., and is subject to guidelines issued by the RBI periodically. The bank may engage 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.

*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.

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