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Type of account |
Minimum Sweep in/out threshold value for new signup* |
|---|---|
Edge & other equivalent savings account variants |
Rs 25,000 |
Ace / Pro & other equivalent variants |
Rs 50,000 |
Kotak 811 account |
Rs 25,000 (Sweep out) Rs 10,000 (Sweep in) |
All Salary Account variants |
Rs 25,000 |
NRO & NRE Savings Accounts |
Rs. 25,000 for all variants except Platina Rs. 2 Lacs for Platina NRO/ NRE Variants.
|
Accounts under Kotak Privy League programme |
Rs 3 lacs |
Accounts under Kotak Private Banking programme |
Rs 5 lacs* |
Current Account |
More than or equal to 2 times the required Minimum balance requirement applicable as per the product variant OR Rs 50,000 whichever is higher |
* Minimum Sweep in/out threshold value for accounts under Kotak private banking league will be revised to 5 lacs from 10 lacs for new ActivMoney registrations w.e.f 1st Aug’23. For ActivMoney registrations before 1st Aug’'23, Minimum sweep in/out threshold will continue to be Rs 10,00,000
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