We understand that you wish to close your Kotak Savings Account and we are here to assist you. However, we would like to share a few key benefits that you can avail only with your Kotak Savings Account:
If you still wish to close your Savings Account, kindly visit your nearest branch.
*Interest on Savings Account balance: *W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.
If account is closed after 1 month & before 6 months of A/C opening, Account Closure Fee will be levied as per the Product Variant. Please refer Fees & Charges section on website for further details.
Please click here for latest information on interest rates.