What is Startup premium Current Account?

The Startup Premium Current Account is a specialised business banking solution for Startups.This Startup Current Account is designed to offer premium services that are required for efficient business operations.

What are the features of a Startup premium Current Account business?

The Startup Premium Current Account is a comprehensive banking solution designed for Startups.It offers all the essential features of a Current Account along with additional benefits tailored for the unique needs of Startups. The Startup Current Account includes a Non-Maintenance Charge waiver for the first 12 months, preferential pricing on Trade and Forex services, digital bulk fund transfer options, and more.

What are the advantages of Startup premium account?

One of the standout advantages of the Startup Premium Account is the Non-Maintenance Charge waiver for the first 12 months from the date of the Startup Current Account opening.This feature and other specially crafted benefits empower startups to grow and scale heights.

Is current account interest free?

While the Startup Premium Current Account does not pay Current Account interest, the ActivMoney feature allows you to earn up to 7%* p.a. on your idle funds, adding value to your banking experience.*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.

Trade Fees and Charges

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Features
Eligibility
Fees & Charges
Required Documents
Trade fees and charges

Trade and forex transaction handling fee / charges details w.e.f. 01st April’2023

Trade fees and charges

Particulars	Product level fees and charges
Inward Remittance	NIL
FIRC	NIL
E-BRC	NIL
Export LC Advising	NIL
Courier Charges - Domestic	Rs. 100
GR/SB Release	Rs. 400 per bill
Exports - Collection Bills (LC/Non-LC)	Rs. 400 per bill
Courier Charges - International	Rs. 500
Outward Remittances	Rs. 400 per bill
Advance Payment for Imports	Rs. 400 per bill
Direct Import Bills	Rs. 400 per bill
Import Bills for Collection (LC/Non-LC)	Rs. 400 per bill
Foreign Bank Charges (OUR)	Rs. 750 per message
SWIFT charges	NIL