Fees and Charges

Please refer the General Schedule of Features and Charges (GSFC) for your Current Account (revised with effect from March 01, 2023) Click here

Fees & Charges

General Schedule of Features & Charges (GSFC)
For Retail Current Accounts & Current Accounts with OD/CC facility (w.e.f. 01st March, 2023)
Particulars		Standard Charges (in Rs.)	Product Level NIL Charges Limits & Charges (in Rs.)
Product Name			Regular
Average Quarterly Balance (AQB) in Rs.			50000.0
Remittances/Payments:
Demand Draft/ Banker's Cheque	Payable at Branch Locations	1/1000 (Min 40 Max 5000)	NIL Charges up to 50 DD / BCp.m.; thereafter Std Chrgs
Demand Draft/ Banker's Cheque	Payable at Non- branch Locations	2/1000 (Min 40 Max 5000)	*
RTGS	Applicable only if done in Branch	2 - 5 L: 20/ txn; > 5 L: 40/ txn	NIL Charges
NEFT**	Applicable only if done in Branch	Upto 10k: 2/txn; >10K to 2L: 4/txn; >2L: 24/txn	NIL Charges
IMPS	Upto Rs. 100000: Rs.5 / txn Above Rs. 100000 : Rs. 15 / txn		NIL Charges
Cheque Book	Default Cheque Book is Payable At-par Only	Upto 500 leaves/p.m. - 2/leaf; Above 500 leaves/p.m. - 3/leaf	NIL Charges upto 200 cheque leaves p.m., then Std Charges
Receipts/ Collections:
Out-station Cheque (Cheques drawn on non-speed clearing branches)	Drawn at Kotak Branch Locations	<10K: 50/Chq; 10K - 1L: 100/Chq; >1L: 150/Chq	NIL Charges
	Drawn at Kotak Non - branch Locations	<10K: 50/Chq; 10K - 1L: 100/Chq; >1L: 150/Chq	<10K: 50/Chq; 10K - 1L: 25/Chq; >1L: NIL Charges
Home Banking:
On Call Requests	Cash Pick-up or Delivery^	Up to 2 lac Rs.750/- per request 2 Lac to 4 lac Rs.1250/- per request	*
On Call Requests	Cheque Pick-up/DD Delivery	Rs 75/- per request	*
Beat Service	Cheque Pick-up	500 p.m.	NIL Charges
Cash Deposit & Withdrawal:
Cash Deposits	At Home Branch Location	Rs. 3/1000 Min 50 per txn	NIL Charges upto 5 times of prev month's avg credit balance or 5L whichever is higher; thereafter Std Chrgs
Cash Deposits	At non Home Branch Location	4.5 / 1000 Min 50 per txn	NIL Charges upto 1L per month; thereafter std charges
Cash Withdrawal	For Non - home Branch Location	Rs. 2/1000 Min 50 per txn	NIL Charges upto 50K per day; thereafter std charges
Automated Teller Machine (ATM): Kotak ATM Txn - Nil Charges
Other Bank's VISA ATMs - Domestic	Non Financial Txn	8.50 per txn	Nil Charges upto 3 txns(In Top 6 Cities#+) & 5 Txn (Non-Top Cities) ; thereafter std charges
Other Bank's VISA ATMs - Domestic	Cash Withdrawal	21 per txn
Other Bank's VISA ATMs - International	Non Financial Txn	25 per txn	*
Other Bank's VISA ATMs - International	Cash Withdrawal	150 per txn	*
ATM Txns Declined ^^ Transactions declined at merchant outlets/websites/ATMs^^(w.e.f April 1,2019)	Insufficient Funds	25 per txn	*
Debit Card:
Debit Card Charges	Annual Fee	Rs. 250 p.a.	*
Card Replacement	Lost / Stolen Card	Rs. 200	*
Other Charges:
Account Related
AQB Non - maintenance <>	Non maintenance charges per quarter	If AQB < 50% of the required Product AQB	2500.0
AQB Non - maintenance <>	Non maintenance charges per quarter	If AQB >=50% but < 100% of the required Product AQB	1500.0
Account Closure Charges		Customer Indused Closure	<30 Days: Nil; -31 - 181 Days: 1500; >181 Days: Nil
Cheque Returns <>
Cheques Deposited & Returned (Outward)	Local	Rs. 100 per Cheque	Nil charges upto 3 p.m.; thereafter Std Charges
Cheques Deposited & Returned (Outward)	Out-station	Rs. 100 per Cheque	50 per Cheque + Corr Bank Chrgs
Cheques Issued and Returned (Inward) & ECS returns	Financial Reasons	Upto 3 returns - 350 / instance; 4th return onward 750 / instance	*
SMS Alerts & Updates
Balance (Daily/Weekly), Txn & Value Added Alerts		SMS - Rs. 0.50 per SMS Email - Nil charges	*
Charges Common for All Products
Account Statements (Through Email -Nil charges )
Weekly	Physical	Rs. 300 per Quarter	*
Annual Combined Statement (Physical)	Through Branch & Phone Banking : Rs 100		*
Ad- hoc Statements Request	At Branch/ Phone Banking	<=90 Days: 100
		91-365 Days: 200	*
		>365 Days: 1000	*
	On Net Banking/ ATM	Rs. 50	*
Foreign Currency Payments & Collections
DD Issuance/DD Cancellation /DD Revalidation/Cheque Collection		Rs. 500	*
TT Transfer ~	Corr Bank Chrgs Borne by Beneficiary	Rs. 250	*
TT Transfer ~	Corr Bank Chrgs Not Borne by Beneficiary	Rs. 1000	*
Cheque Deposited and Returned ~ / Cheque Issued and Returned ~ <> (Financial Reasons)		Rs. 1000	*
Miscellaneous Charges
PIN Regeneration	ATM/ Phone/ Net Banking (only if sent through courier)	Rs.50	*
Fund Transfer Return	Financial Reasons	Rs.300	*
Cheque Purchase Charges		Rs. 0.5/1000/Day	*
Travelers Cheque Encashment ~		1% of TC Amount	*
Mandate Registration Charges		Rs.50/Instance	*
Standing Instruction	Set-up & Failure	Rs.100	*
Standing Instruction	Amendment	Rs.25	*
TDS Certificate(Duplicate only)		Rs. 200/Request	*
Interest Statement(Duplicate only)/ Stop payment/ DD/BC Cancellation & Revalidation/Signature Verification/Address Confirmation/Balance Statement(Other than 31st March)/Record retrieval charges/Photo Attestation		Rs.100/Request	*
Solvency Certificate		Rs. 10000	*
Confidential Report/Credit Confirmation/ TOD Charges		Rs. 500	*
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 Rs.250/-
Above Rs.1,00,000/- to Rs.10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
Above Rs.10,00,000/-	Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/-
Please Note:
1 Classic Card will not be available to customers whose Current Account has been opened with Kotak Bank post 20th Dec,2011. Charges against Classic Card will be same as that of Business Gold
Coin Deposit charges: "Nil Charges" upto deposit value of Rs 50 ; Beyond Rs 50 per instance, 5% on entire amount of coins deposited will be charged. Low Denomination Charges: 0.5% of the value above Rs 5000 deposit per instance ; Only Rs 10 and Rs 20 notes will be considered.
SMS Alerts & Updates : - Mandatory Alerts will not be charged
Under Home Banking cash pick up services (On Call & Beat), lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
Beat Cash Pick up : - Beyond city location will be charged 0.25/1000 (plus applicable GST).
Non financial Txn under debit card section includes Balance enquiry , Mini Statement & PIN Change.
Debit Card Transaction eligibilty Five free transactions (inclusive of financial and non-financial transactions) every month from own bank ATMs. From other bank ATMs (inclusive of financial and non-financial transactions) free three transactions per month in metro centres and five transactions in non-metro centres.
Top 6 Cities#+ Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad
* Indicates Standard Charges are Applicable
Abbreviations Used: For all value figures L=Lakhs & K=Thousand; Chq = Cheque; Std = Standard; Chrg = Charge; Txn=Transaction; p.m.=per month; p.a.=per annum; Avg=Average; FCY= Foreign Currency; FT=Fund Transfer; Corr=Correspondent; TOD=Temporary Overdraft; w/o= without
"NIL Charges" are not applicable for Current Accounts Maintaining Less than 75% of the Required Product AQB:
Product wise limits offered on various transactions and services with "NIL Charges" shall be applicable only if the Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product AQB; else standard charges shall apply as per the GSFC in effect. Additionally, AQB non-maintenance charge will also be applicable as mentioned in GSFC.
**Indo - Nepal Remittance Scheme (NEFT Charges):
If beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): Rs 25 per txn (incl all taxes)
If beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes)
# Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular
~ Any purchase / sale of foreign exchange will attract GST on the gross amount of currency exchanged as per GST on Foreign Currency Conversion Charges (FCY) table above
Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs 300/- per rejection.
## Neo Current Account is available in select locations only.
@ Nil charges Cash Deposit Limits & Cash Handling Charges for OD Accounts:
Nil charges at Home Branch Location Only: Home branch location is defined as all the branches belonging to the same clearing zone in which the account is opened.
For CA with ODAGR (Agri Finance Overdraft Account) - 1 times of previous month’s Avg OD Utilization or Avg Debit Balance and 5 times of the previous month's Avg Credit Balance.
Charges applicable :
Rs 3.5/1000 of cash deposited and part thereof + GST as applicable.
*Nil charges on Transaction and Value added SMSalerts to the customers who have subscribed for Daily/Weekly balance alert facility.
*Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent without any charges, even if Daily/Weekly Balance SMS alerts facility has not been subscribed.
Service Charges to Account Holders in Rural / Semi-urban locations:
Classic Current Account is available in Rural / Semi-urban branches with reduced AQB requirement of Rs 10,000. The features offered and charges applicable shall be the same as Pro Current Account (except for Home Banking Service which is offered only at select locations).
Applicable GSFC : - CAPPA - Ace Current Account ; CABPR - Elite Current Account ; CHLOD - Elite Current Account ; CAOTH - Neo Current Account ; CASOD - Pro Current Account ; ODPBB - Pro Current Account ; ODPER - Pro Current Account ; ODINS - Pro Current Account ; CAPLT - Astra 5 Current Account ; Edge 2.0 (MREDG) - Edge Current Account, Classic 2.0 (MRCLA) - Classic Current Account; CAAMR - Ace Current Account; CAAMP - Astra 5 Current Account
GTA Pro, GTA Elite and GTA ACE products would follow the transaction banking related features and charges of the underlying generic products namely Pro, Elite and ACE. For more details related to Trade Service charges refer the Trade GSFC respectively.
Trader Classic would follow Classic GSFC; General CA would follow CA Neo GSFC; Comfort CA would follow CA Edge GSFC; Advantage CA, Flexi CA, Pro Plus & Trader Pro would follow CA Pro GSFC; Orange CA & Elite Plus would follow Elite GSFC; Ace Plus would follow Ace GSF; Platina 5, Platina 10 & Astra 10 would follow Astra 5 GSFC; and Platina 25, Platina 50 & Astra 25 will follow Astra 15 GSFC, effective 1st November'17
Kotak Synergy Current Account is available to customers of other businesses within the group, same features & charges as EDGE (CAEDG) Current Account are applicable at a reduced AQB of Rs 10,000. Features & charges as ELITE (CAELT) Current Account are offered at NIL AQB for all below mentioned accounts, except ODRET (Retail Overdraft Account) where charges as PRO Current Account are offered at NIL AQB.
Product Name (Product Code)		Business Group		Product Name (Product Code)	Business Group	Product Name (Product Code)	Business Group
Retail Overdraft Account (ODRET)		Business Banking Group		Business Finance Current Account (CABFA)	Business Banking Group	Business Plus Current Account (CAPPV)	Home Finance Division
Kotak Logistics Overdraft Account (ODLOG)		Commercial Vehicles Finance Division		Agri Finance Overdraft Account (ODAGR)	Agri Finance Division	Business Current Account (CABUS)	Personal Loan Divison
The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA/Master Card wholesale exchange rate prevailing at the time of transaction.
<> Indicates penalty charges
Charges are exclusive of the Goods and Service Tax (GST). With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
"State Government taxes / Cess as applicable shall be charged”
W.e.f 1st July,2020; threshold as well as Rate of TDS applicable for CASH withdrawal will dependent on submission of proof of Income Tax Return filed. Revised TDS rates will be as under :
Aggregate Cash Withdrawals in all accounts in a Financial Year		Income tax Return copy Submitted to Bank		Income tax Return copy NOT Submitted to Bank
Upto Rs.20 Lakhs		Nil		Nil
Rs.20 lakhs to Rs. 1 crore		Nil		2%@
In Excess of Rs. 1 crore		2%@		5%@
@If PAN is not updated in the account then the TDS deduction at the rate 20% as per section 206AA of the Income Tax Act will apply. For foreign companies, foreign partnership firms, Non-residents additional surcharge and health & education cess will be applicable as per Income Tax law.
All charges are subject to revision with an intimation of 30 days to account holders. Closure of account due to revision of charges will not be subject to account closure charges.

General Schedule of Features & Charges (GSFC) for Current Account
For Privy League Members
Particulars		Standard Charges (in Rs.)
Product Name			Privy League Prima
Remittances/Payments:
Demand Draft/ Banker's Cheque	Payable at Branch Locations	1/1000 (Min 40 Max 5000)	Free Unlimited
Demand Draft/ Banker's Cheque	Payable at Non- branch Locations	2/1000 (Min 40 Max 5000)	Free upto 30L p.m.; thereafter Std Chrgs
RTGS	Through Branch	2 - 5 L: 25/ txn; > 5 L: 50/ txn	Free
RTGS	Through Net Banking		Free
NEFT**	Through Branch	Upto 2L: 5/ txn; > 2L: 25/ txn	Free
NEFT**	Through Net Banking		Free
Fund Transfer	Branch & Net Banking	Nil	Free
Cheque Book	Default Cheque Book is Payable At-par Only	2/Leaf	Free
Receipts/ Collections:
Local Clearing Cheque		Nil	Free
^Intercity Clearing Cheque		1.5/1000 (Min 50 Max 500)	Free
Out-station Cheque	Drawn at Kotak Branch Locations	<10K: 50/Chq; 10K - 1L: 100/Chq; >1L: 150/Chq	Free
Out-station Cheque	Drawn at Kotak Non - branch Locations	<10K: 50/Chq; 10K - 1L: 100/Chq; >1L: 150/Chq	<10K: 50/Chq; 10K - 1L: 25/Chq; >1L: Free
RTGS	Inward	Nil	Free
NEFT	Inward	Nil	Free
Fund Transfer	Inward	Nil	Free
Home Banking:
On Call Requests	Cheque Pick-up/DD Delivery/Cash Pick-up or Delivery	Cheque/DD - 75/Request Cash - < 2L: 200/Request; 2-5L: 400/Request	Free 1 per Day
Beat Service	Cheque Pick-up	500 p.m.	Free
Cash Deposit & Withdrawal:
Cash Deposits	At Home Branch Location @	2.5/1000	Free upto 8 times of prev month's avg credit balance or 25 L whichever is higher; thereafter Std Chrgs
Cash Deposits	At Non - home Branch Location	4.5/1000 Min 50 per txn	Free upto 5L per month; thereafter std charges
Cash Withdrawal	From Home Branch Location	Nil	Free
Cash Withdrawal	From Non - home Branch Location	2/1000 Min 50 per txn	Free upto 5 L per day; thereafter std charges
Automated Teller Machine (ATM):
Kotak ATMs	Balance Enquiry	Nil	Free
Kotak ATMs	Cash Withdrawal	Nil	Free
Other Bank's VISA ATMs - Domestic	Balance Enquiry	8.50 per txn	Free
Other Bank's VISA ATMs - Domestic	Cash Withdrawal	17.80 per txn
Other Bank's VISA ATMs - International (Debit Card-Classic/Gold/Paltinum)	Balance Enquiry	15 per txn	1Classic (*), Platinum (Free)
	Cash Withdrawal	110 per txn
ATM Txns Declined ^^	Insufficient Funds	25 per txn	*
Debit Card:
Primary Card	Issuance Fee	100.0	Free
Primary Card	Annual Fee	250 p.a.	Free
Supplementary Card	Issuance Fee	250.0	*
Supplementary Card	Annual Fee	250 p.a.	Free for 1st Year thereafter Std Chrgs
Add-on Card	Issuance Fee	250.0	*
Add-on Card	Annual Fee	250 p.a.	Free for 1st Year thereafter Std Chrgs
Card Replacement	Lost Card	200.0	Free
Card Replacement	Damaged Card	Nil	Free
VISA Global Assist		USD 5	*
VISA Global Assist	Lost Card	USD 35	*
POS Txns Declined ^^	Insufficient Funds	25 per txn	*
Other Charges:
Account Related
AQB Non - maintenance ^^	Non maintenance charges per quarter	If AQB < 50% of the required Product AQB	Not Applicable till the time the customer is under Privy program
AQB Non - maintenance ^^	Non maintenance charges per quarter	If AQB >=50% but < 100% of the required Product AQB
Account Closure Charges		-	<30 Days: Nil; 31 - 181 Days: 5000; >181 Days: Nil
Cheque Returns ^^
Cheques Deposited & Returned (Outward)	Local	100 per Cheque	10 Free p.m.; thereafter std charges
Cheques Deposited & Returned (Outward)	Out-station	100 per Cheque + Corr Bank Chrgs	50 per Cheque + Corr Bank Chrgs
Cheques Issued and Returned (Inward) & ECS returns	Financial Reasons	Upto 3 returns - 350/instance; 4th return onward 750/instance	*
Cheques Issued and Returned (Inward) & ECS returns	Technical Reasons	Nil	Free
SMS Alerts & Updates
Updates	Daily Balance	25 per Quarter	Free
Updates	Weekly Balance	25 per Quarter	Free
Phone Banking
Phone Banking	IVR Assisted	Nil	Free
Phone Banking	Agent Assisted	25 per Call	Free
Charges Common for All Products
Account Statements
Monthly	Physical/ Email	Physical - 75/quarter; Email - Free	Free
Weekly	Physical	300 per Quarter	*
Weekly	By Email	Nil	Free
Daily	By Email Only	Nil	Free
Annual Combined Statement (Physical)	Through Net Banking : Free Through Branch : Rs 85, Through Phone Banking : Rs 110		*
Ad- hoc Statements Request	At Branch/ Phone Banking	<90 Days: 100	*
		91-365 Days: 200	*
		>365 Days: 1000	*
	On Net Banking/ ATM	50.0	*
	On Mobile Banking	Nil (by email only)	Free
Standing Instruction
Set-up		100.0	*
Execution		Nil	Free
Amendment		25.0	*
Failure ^^		100.0	*
Statement/ Certificate / Report Issuance
Balance Statement	Other than 31st March	100.0	*
Interest Statement	Duplicate Only	100.0	*
TDS Certificate	Duplicate Only	200.0	*
Confidential Report		500.0	*
Paid Cheque Report		Nil	Free
Signature Verification		100.0	*
Photo Attestation		300.0	*
Solvency Certificate		10000.0	*
Credit Confirmation		500.0	*
Address Confirmation		100.0	Free
Foreign Currency Payments & Collections
DD Issuance ~		500.0	*
DD Cancellation ~		500.0	*
DD Revalidation		500.0	*
TT Transfer ~	Corr Bank Chrgs Borne by Beneficiary	250.0	*
TT Transfer ~	Corr Bank Chrgs Not Borne by Beneficiary	1000.0	*
Cheque Collection~		500.0	*
Cheque Deposited and Returned ~ ^^		1000.0	*
Cheque Issued and Returned ~ ^^	Financial Reasons	1000.0	*
Cheque Issued and Returned ^^	Technical Reasons	Nil	Free
Miscellaneous Charges
PIN Regeneration	ATM/ Phone/ Net Banking (only if sent through courier)	50.0	*
DD/BC Cancellation / Revalidation		100.0	*
Fund Transfer Return ^^	Financial Reasons	300.0	*
Fund Transfer Return ^^	Technical Reasons	Nil	Free
Online Tax Payment (E Tax)	Through Net Banking	Nil	Free
Online Tax Payment (E Tax)	Through Branch	100 per request	Free
Cheque Purchase Charges		0.5/1000 per Day	*
Travelers Cheque Encashment ~		1% of TC Amount	*
TOD Charges		500.0	*
Stop Payment	Individual or Range	100.0	Free
Inactive Account Charges ^^	No customer induced transaction for a year	50 / Quarter	Free
Record retrieval charges		100 / Request	Free
Service Tax on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency	Service Tax Amount
Up to Rs 1,00,000	0.1% of the gross value or Rs 25/- whichever is higher
Above Rs 1,00,000 to Rs 10,00,000	Rs 100 / plus 0.05% of the amount exceeding Rs 1 L
Above Rs 10,00,000	Rs 550 / plus 0.01% of the amount exceeding Rs 10 L, subject to a maximum of Rs 5000
In addition to the above service tax, 2% secondary education cess and 1% higher secondary education cess will also be applicable.

Please Note:
1 Classic Card will not be available to customers whose Current Account has been opened with Kotak Bank post 20th Dec, 2011.
* Indicates Standard Charges are Applicable
The Bank shall review the relationship value on a periodical basis, if the same is below the program threshold value, then the Bank shall reserve the right to levy penalty charges Rs 5000/- p.a. after giving a notice of 30 days.
Abbreviations Used: For all value figures L = Lakhs & K - Thousand; Prev = Previous; Chq = Cheque; Std = Standard; Chrg = Charge; Txn= Transaction; p.m.=per month; p..a.= per annum; Avg= Average;FCY= Foreign
Currency; Corr = Correspondent; TOD = Temporary Overdraft; w/o = without
No Free Limits for Current Accounts Maintaining Less than 75% of the Required Product AQB: (Not Applicable for customers under Privy Program)
Product wise free limits offered on various transactions and services shall be applicable only if the Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product AQB; else standard charges shall apply as per the GSFC in effect. Additionally, AQB non-maintenance charge will also be applicable as mentioned in GSFC.
**Indo - Nepal Remittance Scheme (NEFT Charges):
If beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): Rs 25 per txn (incl all taxes)
If beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes)
# Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular
~ Any purchase / sale of foreign exchange will attract Service Tax on the gross amount of currency exchanged as per Service Tax on Foreign Currency Conversion Charges (FCY) table above
On all foreign currency conversion transactions, an additional foreign currency conversion service tax at the rate of 0.103% will be applicable on the gross value of transaction
Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs 300/- per rejection.
@ Free Cash Deposit Limits & Cash Handling Charges for OD Accounts:
Free Limit (Home Branch Location Only):
For CA with OD facility - 2 times of previous month’s Avg OD Utilization or Avg Debit Balance.
Charges Beyond Free Limit:
Rs 2.50/1000 of cash deposited and part thereof + Service Tax as applicable.
Kotak Synergy Current Account is available to customers of other businesses within the group, same features & charges as Edge Current Account are applicable at a reduced AQB of Rs 10,000.
Features & charges as Pro Current Account are offered at NIL AQB for all below mentioned acccounts, except Home Banking services which will be offered at standard charges plus registration fee of Rs 250/- per annum for these customers.
Product Name	Business Group	Product Name	Business Group
Retail Overdraft Account	Business Banking Group	Business Finance Current Account	Business Banking Group
Kotak Logistics Overdraft Account	Commercial Vehicles Finance Division	Business Pro Current Account	Emerging Corporates Group
Business Plus Current Account	Home Finance Division	Agri Finance Overdraft Account	Agri Finance Division
Business Current Account	Personal Loan Division
^Intercity clearing charge on cheque collections is a charge levied on the Drawee of a cheque if an “AT Par” cheque is presented for collection under clearing at other than Home Branch Location of the Drawee.
The above charges are applicable for all states other than Jammu & Kashmir. GST is applicable in the state of Jammu & Kashmir. For charges applicable to Jammu & Kashmir, please contact the respective Branch Manager.
All charges are subject to revision with an intimation of 30 days to account holders. Closure of account due to revision of charges will not be subject to account closure charges.
^^ Indicates penalty charges

General Schedule of Features & Charges (GSFC) for Current Account
For Privy League Members
Particulars		Standard Charges (in Rs.)
Product Name			Privy League Optima
Remittances/Payments:
Demand Draft/ Banker's Cheque	Payable at Branch Locations	1/1000 (Min 40 Max 5000)	Free Unlimited
Demand Draft/ Banker's Cheque	Payable at Non- branch Locations	2/1000 (Min 40 Max 5000)	Free upto 50 L p.m.; thereafter Std Chrgs
RTGS	Through Branch	2 - 5 L: 25/ txn; > 5 L: 50/ txn	Free
RTGS	Through Net Banking		Free
NEFT**	Through Branch	Upto 2L: 5/ txn; > 2L: 25/ txn	Free
NEFT**	Through Net Banking		Free
Fund Transfer	Branch & Net Banking	Nil	Free
Cheque Book	Default Cheque Book is Payable At-par Only	2/Leaf	Free
Receipts/ Collections:
Local Clearing Cheque		Nil	Free
^Intercity Clearing Cheque		1.5/1000 (Min 50 Max 500)	Free
Out-station Cheque	Drawn at Kotak Branch Locations	<10K: 50/Chq; 10K - 1L: 100/Chq; >1L: 150/Chq	Free
Out-station Cheque	Drawn at Kotak Non - branch Locations	<10K: 50/Chq; 10K - 1L: 100/Chq; >1L: 150/Chq	Free
RTGS	Inward	Nil	Free
NEFT	Inward	Nil	Free
Fund Transfer	Inward	Nil	Free
Home Banking:
On Call Requests	Cheque Pick-up/DD Delivery/Cash Pick-up or Delivery	Cheque/DD - 75/Request Cash - < 2L: 200/Request; 2-5L: 400/Request	Free
Beat Service	Cheque Pick-up	500 p.m.	Free
Cash Deposit & Withdrawal:
Cash Deposits	At Home Branch Location @	2.5/1000	Free upto 10 times of prev month's avg credit balance or 25 L whichever is higher; thereafter Std Chrgs
Cash Deposits	At Non - home Branch Location	4.5/1000 Min 50 per txn	Free upto 5L per month; thereafter std charges
Cash Withdrawal	From Home Branch Location	Nil	Free
Cash Withdrawal	From Non - home Branch Location	2/1000 Min 50 per txn	Free
Automated Teller Machine (ATM):
Kotak ATMs	Balance Enquiry	Nil	Free
Kotak ATMs	Cash Withdrawal	Nil	Free
Other Bank's VISA ATMs - Domestic	Balance Enquiry	8.50 per txn	Free
Other Bank's VISA ATMs - Domestic	Cash Withdrawal	17.80 per txn
Other Bank's VISA ATMs - International (Debit Card-Classic/Gold/Paltinum)	Balance Enquiry	15 per txn	1Classic(*), Platinum (Free)
	Cash Withdrawal	110 per txn
ATM Txns Declined ^^	Insufficient Funds	25 per txn	*
Debit Card:
Primary Card	Issuance Fee	100.0	Free
Primary Card	Annual Fee	250 p.a.	Free
Supplementary Card	Issuance Fee	250.0	Free
Supplementary Card	Annual Fee	250 p.a.	Free
Add-on Card	Issuance Fee	250.0	Free
Add-on Card	Annual Fee	250 p.a.	Free
Card Replacement	Lost Card	200.0	Free
Card Replacement	Damaged Card	Nil	Free
VISA Global Assist		USD 5	*
VISA Global Assist	Lost Card	USD 35	*
POS Txns Declined ^^	Insufficient Funds	25 per txn	*
Other Charges:
Account Related
AQB Non - maintenance ^^	Non maintenance charges per quarter	If AQB < 50% of the required Product AQB	Not Applicable till the time the customer is under Privy program.
AQB Non - maintenance ^^	Non maintenance charges per quarter	If AQB >=50% but < 100% of the required Product AQB
Account Closure Charges		-	<30 Days: Nil; 31 - 181 Days: 5000; >181 Days: Nil
Cheque Returns ^^
Cheques Deposited & Returned (Outward)	Local	100 per Cheque	10 Free p.m.; thereafter std charges
Cheques Deposited & Returned (Outward)	Out-station	100 per Cheque + Corr Bank Chrgs	Nil + Corr Bank Chrgs
Cheques Issued and Returned (Inward) & ECS returns	Financial Reasons	Upto 3 returns - 350/instance; 4th return onward 750/instance	*
Cheques Issued and Returned (Inward) & ECS returns	Technical Reasons	Nil	Free
SMS Alerts & Updates
Updates	Daily Balance	25 per Quarter	Free
Updates	Weekly Balance	25 per Quarter	Free
Phone Banking
Phone Banking	IVR Assisted	Nil	Free
Phone Banking	Agent Assisted	25 per Call	Free
Charges Common for All Products
Account Statements
Monthly	Physical/ Email	Physical - 75/quarter; Email - Free	Free
Weekly	Physical	300 per Quarter	*
Weekly	By Email	Nil	Free
Daily	By Email Only	Nil	Free
Annual Combined Statement (Physical)	Through Net Banking : Free Through Branch : Rs 85, Through Phone Banking : Rs 110		Free
Ad- hoc Statements Request	At Branch/ Phone Banking	<90 Days: 100	Free
		91-365 Days: 200	*
		>365 Days: 1000	*
	On Net Banking/ ATM	50.0	Free
	On Mobile Banking	Nil (by email only)	Free
Standing Instruction
Set-up		100.0	Free
Execution		Nil	Free
Amendment		25.0	Free
Failure ^^		100.0	Free
Statement/ Certificate / Report Issuance
Balance Statement	Other than 31st March	100.0	Free
Interest Statement	Duplicate Only	100.0	Free
TDS Certificate	Duplicate Only	200.0	Free
Confidential Report		500.0	*
Paid Cheque Report		Nil	Free
Signature Verification		100.0	Free
Photo Attestation		300.0	Free
Solvency Certificate		10000.0	*
Credit Confirmation		500.0	*
Address Confirmation		100.0	Free
Foreign Currency Payments & Collections
DD Issuance ~		500.0	*
DD Cancellation ~		500.0	*
DD Revalidation		500.0	*
TT Transfer ~	Corr Bank Chrgs Borne by Beneficiary	250.0	*
TT Transfer ~	Corr Bank Chrgs Not Borne by Beneficiary	1000.0	*
Cheque Collection~		500.0	*
Cheque Deposited and Returned ~ ^^		1000.0	*
Cheque Issued and Returned ~ ^^	Financial Reasons	1000.0	*
Cheque Issued and Returned ^^	Technical Reasons	Nil	Free
Miscellaneous Charges
PIN Regeneration	ATM/ Phone/ Net Banking (only if sent through courier)	50.0	Free
DD/BC Cancellation / Revalidation		100.0	Free
Fund Transfer Return ^^	Financial Reasons	300.0	*
Fund Transfer Return ^^	Technical Reasons	Nil	Free
Online Tax Payment (E Tax)	Through Net Banking	Nil	Free
Online Tax Payment (E Tax)	Through Branch	100 per request	Free
Cheque Purchase Charges		0.5/1000 per Day	*
Travelers Cheque Encashment ~		1% of TC Amount	*
TOD Charges		500.0	*
Stop Payment	Individual or Range	100.0	Free
Inactive Account Charges ^^	No customer induced transaction for a year	50 / Quarter	Free
Record retrieval charges		100 / Request	Free
Service Tax on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency	Service Tax Amount
Up to Rs 1,00,000	0.1% of the gross value or Rs 25/- whichever is higher
Above Rs 1,00,000 to Rs 10,00,000	Rs 100 / plus 0.05% of the amount exceeding Rs 1 L
Above Rs 10,00,000	Rs 550 / plus 0.01% of the amount exceeding Rs 10 L, subject to a maximum of Rs 5000
In addition to the above service tax, 2% secondary education cess and 1% higher secondary education cess will also be applicable.

Please Note:
1 Classic Card will not be available to customers whose Current Account has been opened with Kotak Bank post 20th Dec, 2011.
* Indicates Standard Charges are Applicable
The Bank shall review the relationship value on a periodical basis, if the same is below the program threshold value, then the Bank shall reserve the right to levy penalty charges upto Rs 5000/- p.a. after giving a notice of 30 days.
Abbreviations Used: For all value figures L = Lakhs & K - Thousand; Prev = Previous; Chq = Cheque; Std = Standard; Chrg = Charge; Txn= Transaction; p.m.=per month; p..a.= per annum; Avg= Average;FCY= Foreign
Currency; Corr = Correspondent; TOD = Temporary Overdraft; w/o = without
No Free Limits for Current Accounts Maintaining Less than 75% of the Required Product AQB: (Not Applicable for customers under Privy Program)
Product wise free limits offered on various transactions and services shall be applicable only if the Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product AQB; else standard charges shall apply as per the GSFC in effect. Additionally, AQB non-maintenance charge will also be applicable as mentioned in GSFC.
**Indo - Nepal Remittance Scheme (NEFT Charges):
If beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): Rs 25 per txn (incl all taxes)
If beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes)
# Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular
~ Any purchase / sale of foreign exchange will attract Service Tax on the gross amount of currency exchanged as per Service Tax on Foreign Currency Conversion Charges (FCY) table above
On all foreign currency conversion transactions, an additional foreign currency conversion service tax at the rate of 0.103% will be applicable on the gross value of transaction
Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs 300/- per rejection.
@ Free Cash Deposit Limits & Cash Handling Charges for OD Accounts:
Free Limit (Home Branch Location Only):
For CA with OD facility - 2 times of previous month’s Avg OD Utilization or Avg Debit Balance.
Charges Beyond Free Limit:
Rs 2.50/1000 of cash deposited and part thereof + Service Tax as applicable.
Kotak Synergy Current Account is available to customers of other businesses within the group, same features & charges as Edge Current Account are applicable at a reduced AQB of Rs 10,000.
Features & charges as Pro Current Account are offered at NIL AQB for all below mentioned acccounts, except Home Banking services which will be offered at standard charges plus registration fee of Rs 250/- per annum for these customers.
Product Name	Business Group	Product Name	Business Group
Retail Overdraft Account	Business Banking Group	Business Finance Current Account	Business Banking Group
Kotak Logistics Overdraft Account	Commercial Vehicles Finance Division	Business Pro Current Account	Emerging Corporates Group
Business Plus Current Account	Home Finance Division	Agri Finance Overdraft Account	Agri Finance Division
Business Current Account	Personal Loan Division
^Intercity clearing charge on cheque collections is a charge levied on the Drawee of a cheque if an “AT Par” cheque is presented for collection under clearing at other than Home Branch Location of the Drawee.
The above charges are applicable for all states other than Jammu & Kashmir. GST is applicable in the state of Jammu & Kashmir. For charges applicable to Jammu & Kashmir, please contact the respective Branch Manager.
All charges are subject to revision with an intimation of 30 days to account holders. Closure of account due to revision of charges will not be subject to account closure charges.
^^ Indicates penalty charges