Startup Premium Current Account
Non-Maintenance Charge Waiver for the first 12 months | RTGS/NEFT Payments at no extra charge

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Non-Maintenance Charge Waiver for the first 12 months | RTGS/NEFT Payments at no extra charge
Click Here to know about Fees and Charges of all the Current Account
Average Quaterly Balance - ₹1 Lakh
Non-maintainance charges per quarter:
AQB < 50% of the required Product AQB: ₹5,000
AQB >=50% but < 100% of the required Product AQB: ₹3,000
Cash Transactions | Charges |
---|---|
Cash Deposit (Home and Non Home branch Location) |
Nil Charges up to 10 times of prev month's avg credit balance, Max 2.5Cr p.m. Thereafter ₹3.5/1000 (Min. 50 per txn) |
Cash Withdrawal: For Non - home Branch Location | Nil Charges upto 1 Lakh per day; Thereafter ₹2/1000 (Min. 50 per txn) |
Non-Cash Transactions | Charges |
---|---|
RTGS payment through online mode or branches | Nil Charges |
NEFT** payment through online mode or branches | Nil Charges |
IMPS Payment | Nil Charges |
Fund Transfer | Nil Charges |
Cheque Book: Default Cheque Book is Payable At-par Only | Nil Charges up to 300 cheque leaves p.m. Thereafter, up to 500 leaves/p.m. - ₹2/leaf; Above 500 leaves/p.m. - ₹3/leaf |
Out-station Cheque (Cheques drawn on non-speed clearing branches) | Nil Charges |
Demand Draft / Banker's cheque payable at Branch Locations | Nil Charges up to 100 DD / BC p.m. Thereafter, ₹1 / 1000 (Min. 40 Max. 5000) |
Demand Draft / Banker's cheque payable at Non- Branch Locations | Nil Charges up to 10 Lakh p.m. Thereafter, ₹2/1000 (Min. 40 Max. 5000) |
Home Banking Services | Charges |
---|---|
On Call Request: Cheque Pick-up/DD Delivery | Nil Charges up to 3 req per month; Thereafter ₹75 / request |
On Call Request: Cash Pick-up or Delivery^ | Upto 2 Lakh: ₹875 ₹2 Lakh to ₹6 Lakh: ₹1,475 ₹6.01 Lakh to ₹10 Lakh: ₹2,475 ₹10.01 Lakh to ₹20 Lakh: ₹4,075 ₹20.01 Lakh to ₹100 Lakh: ₹6,675/- per request |
Beat Services: Cheque Pickup |
Nil Charges |
Debit Cards / ATM Usage | Charges |
---|---|
Debit Card charges | ₹259 p.a. |
Other Bank's VISA ATMs - Domestic - Non Financial Transaction | Nil Charges |
Other Bank's VISA ATMs - Domestic - Cash withdrawal | Nil Charges |
PIN Regeneration at ATM/ Net Banking/ Phone Banking, | Nil Charges |
Debit Card Replacement (Lost / Stolen Card) | Nil Charges |
Other Bank's VISA ATMs - International - Non Financial Transaction | ₹25 / Txn |
Other Bank's VISA ATMs - International - Cash Withdrawal | ₹150 / Txn |
Transactions declined at merchant outlets / websites / ATM, due to insufficient balance^^ | ₹25 / Txn |
Kotak ATM: For Non Financial txn or Cash Withdrawal | Nil Charges |
Privy Debit Card Charges | |
Platinum Card , Signature Cards & Business Cards | ₹750 p.a |
Neon Debit Card & Private Banking Infinite Card | ₹1500 p.a |
LED Card | ₹2500 p.a |
Black Metal Card | ₹5000 p.a |
Penal Charges | |
---|---|
Cheques Deposited & Returned (Outward): Local |
Nil charges upto 5 p.m.; Thereafter ₹100 per cheque |
Cheques Deposited & Returned (Outward): Out-station | 50 per Cheque + Corr Bank Chrgs |
Cheques Issued and Returned (Inward): Financial Reasons | Up to 3 returns - ₹350 / instance; 4th return onward ₹750 / instance |
Other Services | Charges |
---|---|
Balance (Daily/Weekly), Transaction & Value Added Alerts | SMS - Nil charges Email - Nil Charges |
Bank Statement Weekly (Physical),Annual Combined Statement,Balance Statement (Other than 31st March) | Nil Charges |
Standing Instruction - Set-up/ Amendment | Nil Charges |
Interest Statement & DD/BC Cancellation & Revalidation | Nil Charges |
Signature Verification Address Confirmation | Nil Charges |
Record retrieval charges & Photo Attestation | Nil Charges |
Confidential Report & Credit Confirmation | Nil Charges |
IMT - Instant Money Transfer ( Cashless Card Withdrawal) | Nil Charges |
Mandate Registration Charges | ₹50/Instance |
Account Closure Charges (Customer Induced Closure) | Nil Charges |
MT ( Cashless Card Withdrawal) | Nil Charges |
Ad- hoc Statements Request at Branch/ Phone Banking | <=365 Days: ₹100 >365 Days: ₹200 |
Ad- hoc Statements Request On Net Banking/ ATM | ₹50 |
Fund Transfer Return: Finance Reason | ₹300 |
Cheque Purchase Charges | ₹0.5/1000 per day |
Travelers Cheque Encashment | 1% of TC Amount |
Stop Payment | ₹100 / request |
Standing Instruction Failure | ₹100 |
TDS Certificate(Duplicate only) | ₹200/request |
Solvency Certificate | ₹10000 |
TOD Charges | ₹500 |
Authorised Dealer Code Letter | ₹500/request |
GST on Foreign Currency Conversion Charges (FCY) ~ | |
Value of purchase or sale of Foreign Currency | Value on which GST rate will be applicable |
Up to 1,00,000 | 1% of the gross amount of currency exchanges or minimum of ₹250/- |
Above ₹1,00,000/- to ₹10,00,000/- | 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000. |
Above ₹10,00,000/- | ₹5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of ₹60,000/- |
Foreign Currency Payments & Collections | |
DD Issuance/DD Cancellation /DD Revalidation/Cheque Collection | ₹500 |
TT Transfer: Corr Bank Charges Borne by Beneficiary | ₹250 |
TT Transfer: Corr Bank Charges Not Borne by Beneficiary | ₹1000 |
Cheque Deposited and Returned ~ / Cheque Issued and Returned ~ <> (Financial Reasons) | ₹1000 |
For deposits of 7 days and above. ActivMoney (Auto Sweep) is a facility for automatically sweeping out funds above a pre-specified threshold from your Current Account to a Fixed Deposit (FD) Account for 91 days. In case of insufficient balance in the Current Account, the FD will be broken prematurely, and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In limits for an account variant are the minimum thresholds, and one cannot opt for limits lower than these. Auto Sweep Out of funds above a pre-specified threshold from the Current Account to Fixed Deposit will be for 91 days (for NRE accounts, it will be for 1 year) and in multiples of ₹5,000/-. The nomination registered for the 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. The Bank may, at its absolute discretion, discontinue/suspend any of the services completely or partially, with or without any notice to the customer. For ActivMoney (2-way sweep deposits), regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit without any pre-payment penalty.
For detailed terms & conditions, please visit www.kotak.com