Startup Regular Current Account by Kotak Mahindra Bank

Features

Quarterly Balance

Average Quarterly Balance
of Rs. 50,000/-

Business Class Gold Debit Card

Daily purchase limit of Rs. 1.75 lacs
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 lacs for short term
business requirements²

Free Demand Drafts

Free demand drafts payable
at Kotak Bank branches
(up to 50 per month)

Disclaimers

¹ Free for up to five times the previous month's average credit balance or Rs 500,000, whichever is higher.
Kotak Credit Access - Unsecured overdraft facility up to Rs. 15 lac for business emergencies
²Conditions apply. Available at 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 the services of marketing agents for sourcing loan assets.
³ Services will be offered at the bank's discretion.
All the features and benefits are subject to terms, conditions, and exclusions. Please refer to the 'General Schedule of Features and Charges'.
⁴Refer the General Schedule of Features & Charges (GSFC) to know Home Banking charges applicable as per your account type.
Offered through third-party tie-ups.

More Features & Benefits

Waiver of non-maintenance charges for the first 12 months from the month of account opening
Free cheque payments and collection - across in India
Free cheque collection through 'speed clearing'
Free multi-city cheque books (200 at-par cheque leaves per month)
Free cash deposit¹ and withdrawal at the home branch
Free cash deposit at non-home-branch locations - up to Rs 100,000 per month
Free cash withdrawal at non-home-branch locations - up to Rs 50,000 per day
Home-banking service: On call cash/cheque pickup and delivery. ⁴
Free beat service - daily visits (home or office) for cheque pickup and deposits in to the account
Free outward cheque returns (up to three instruments per month)
Free NEFT and RTGS at branches and through net banking
Free 24x7 Net Banking, Mobile Banking, Phone Banking, and SMS Banking
Balance alerts / transaction and value-added alerts through SMS at a nominal charge (alerts through email are free)
Kotak Circle - group multiple current/savings accounts together. Provides flexibility in maintaining minimum group AQB balance in any one or more account
Dedicated relationship manager who will be a single point of contact at the bank
Faster outstation cheque collection
Better forex rates and efficient trade services
Cash-management services available
Forex Live³ - an internet-based foreign exchange trading platform that enables buying and selling foreign currency for import/export transactions and other remittances
Payment gateway solution for quick receipt of payments from your customers⁴
Point-of-Sales Solutions (POS)- standalone and wireless POS terminals, GPRS

Additional privileges

Salary account - Corporate salary account for start-up employees with a minimum criteria of five employees and average salary of Rs 25,000.

Value-added services:

Every business needs a set of services that form its backbone. Avail these services at special rates negotiated for Kotak Bank only:
The list below is indicative, and based on the availability of the concerned service providers:

Taxation Services
Enterprise Solutions for Business
Workplace solutions
Marketing Solutions
Digital-media solutions
Digital signatures and certificates
Travel services

For more details click here

Disclaimer:

The above services are provided by third-party service providers and not by Kotak Mahindra Bank, and the Bank does not endorse / guarantee / offer warranty on any of these third-party services and does not provide any service commitment with respect to any of the offers / services made by these third-party service providers. The Bank is just providing information by mentioning these services, purely for the convenience of its customers, and the Bank is a mere facilitator of these services provided, and shall not bear any liability or obligation if the customers avail these services from these third-party service providers. The Bank does not earn any commission or fee upon its customers viewing or availing of these services from the third-party service providers. If any customer chooses to avail of any of the services, the Bank shall not be a party to, or be concerned with any of the services, or be responsible for any act of omission / negligence/ deficiency of services or unacceptable service levels on the part of the third-party service providers. It is understood that by availing of any of these services, the customer so availing, deals with the third-party service providers directly. The customer is free to avail such services from any other service provider.