NationBuilders Salary Account

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Resident accounts only: The product will be open only for Resident Indians (PAN India) in all geographies
Age: The product is for only people of 18 years and above
Type of Account: The product shall be offered to salaried individuals working with Government/PSU professionals and Uniformed Forces

Account Type	Eligibility Criteria (Net Monthly Salary Rs.)
NationBuilders Salary Account (Basic)	< 1 Lac
NationBuilders Privy League – Platinum	>=1 Lac to 3 Lac
NationBuilders Privy League – Black	>=3 Lac

Be ready with following documents while opening this account

(Original for verification and self-attested copies for submission)

Document	Identity Proof	Residence Proof	Signature Proof	Employment Proof
Passport	✓	✓	✓	✗
Driving License Valid licence	✓	✓	✓	✗
PAN Card (also refer notes below)	✓	✗	✓	✗
Valid Photo Credit/Debit Card Issued by any bank. Only if the Photo and Signature are printed on the front of the card. NO COPY OF THE REVERSE OF THE PHOTO CARD TO BE TAKEN	✓	✗	✓	✗
Voter's Identity Card (Election Card)	✓	✓	✗	✗
Ration Card (Only address proof)	✗	✓	✗	✗
Valid ID Documents Card with Photo issued by Govt. Org, PSU, Statutory/ Regulatory Authority, Scheduled Commercial Banks, Public Financial Institutions & Professional Bodies like ICAI, ICWAI, ICSI, Bar Council, etc. to their Members	✓ (If photo included)	✓ (If address included)	✓ (If signature included)	✗
College ID Card Existing and validcard issued by colleges affiliated to universities.Applicable only if a/c with parent/guardian as Joint Holder	✓ (If photo included)	✓ (If address included)	✓ (If signature included)	✗
Marriage Certificate for married women (irrespective of primary or joint or single holder) and not acceptable for husband	✓ (If photo included)	✓ (If address included) (Not to be accepted as address proof of a woman if the account is held singly by her)	✓ (If signature included)	✗
Introductory Reference Customer's Banker except Cooperative Bank - to be obtained by KMBL - IP cheque mandatory from the same account	✓ (If photo verified)	✓ (If address verified)	✓ (If signature verified)	✗
Utility Bill Electricity/Telephone/Mobile/Piped Gas/Water bill/ Broadband bill not more than 3 months old	✗	✓	✗	✗
Letter from Housing Society Only for owners with latest 2 months Maintenance bill	✗	✓	✗	✗
Registered Leave & License Agreement For Tenants	✗	✓	✗	✗
Bank Statement Active Account - signed & stamped or with logo / printed by Bank (internet downloads not accepted)	✗	✓	✗	✗
Bank Statement Bank statement with watermark logo of the issuing bank without the stamp and signature of the authorised bank official, can be accepted if the bank branch address mentioned on the statement and the Self Signed Initial Payment cheque is same. Branch address on the statement preferably to be a printed one. In case of handwritten branch address, same to be signed and stamped by authorised bank official of the issuing bank.	✗	✓	✗	✗
Bank Account Passbook Active accounts of schedule commercial banks only along with the bank seal/ stamp and signature of the bank official. (updated and not more than 3 months old)	✓ (If photo verified by the issuing bank branch then Initial Payment mandatory from the same bank account)	✓ (If address verified)	✗	✗
Sale Deed	✗	✓	✗	✗
Self-signed Cheque or Product AQB (in case the cheque is from a co-operative bank a six month bank statement would also be required)	✗	✗	✓	✗
Wealth/ Income/ Sales/ Service Tax Assessment Order Not more than 6 months old	✗	✓	✗	✗
Introductory reference fromexisting Kotak Bank customer For a No Frills Accounts, existing customer for more than 6 months - a/c conduct satisfactory & introducer knows new customer for 1 year or more	✓	✗	✗	✗
Postal Certificate	✓ (If photo included)	✓ (If address included)	✓ (If signature included)	✗
Government Service ID Card, CSD (Canteen Services Card), Appointment Letter or Authorization from the Organization	✗	✗	✗	✓

Please note the Documents are subject to change as per RBI Guidelines

Disclaimers

*Authorized Signatory authentication on the Account Opening Form

NationBuilders Salary Account

NationBuilders Privy League Black

Complimentary Insurance Cover on Salary Account and on Debit Card, Complimentary Airport Lounge Access, One Free Locker

Exclusive Lifestyle offers like Taj Epicure Membership, Lafayette Luxury Concierge Membership, MMTBlack Gold Annual Membership, EasyDiner Annual Prime Membership, Swiggy Discounts up to 20% on orders.

NationBuilders Privy League Platinum

Complimentary Insurance Cover on Salary Account and on Debit Card, Complimentary Airport Lounge Access, One Free Locker

Exclusive Lifestyle offers like EasyDiner Annual Prime Membership, Shopping Voucher worth Rs 3000, Swiggy Discounts up to 15% on orders.

NationBuilders Account (Base Variant)

Complimentary Insurance Cover on Salary Account and on Debit Card, Complimentary Airport Lounge Access, One Free Locker

Exclusive Lifestyle offers like Shopping Voucher worth Rs 250, 20% Instant Discount on BookMyShow, 30% Instant Discount on EasyDiner, offers and discounts on your Debit Card

To Know More about the features and benefits Please click here

Terms & Conditions

1. In case salary is not credited for six consecutive months, your Salary Account will be re-classified in to chargeable savings accounts variant where you will be required to maintain requisite AMB, failing which applicable charges will be levied. For further details you may refer to GSFC on kotak.com

2. Effective Oct 17,2024, daily balances in Savings Account up to Rs. 5 lakhs will earn 3% interest p.a. Daily balances above Rs. 5 lakhs & up to Rs. 50 lakhs; and above Rs. 50 lakhs will continue to earn 3.50% and 4% interest p.a. respectively. These interest rates are applicable for Resident Accounts only.

3. Eligibility criteria for availing the insurance cover benefit: Salary/Pension should be credited in Kotak Account for last 2 consecutive months prior to the month of the claim and subject to minimum 3 POS/Ecommerce transactions in last 60 days of minimum Rs.500 each. Partial Disability cover and Total Permanent Disability cover applicable for cases resulting solely from Road / Rail accident. Education benefit of Rs.4 Lakh for 1 dependent child (up to age 25) of deceased savings account holder subject to the ongoing educational expenses, payable onetime only. Click here for detailed Terms and Conditions.

4. Family Savings Account with zero maintenance charges, subject to primary account holder crediting salary/pension. Family savings account will be opened with an initial payment cheque of Rs.10,000.
30 free customer induced transactions include Cash Deposit, Cash Withdrawal, DD issuance, NEFT, RTGS, IMPS. Transactions above limit are chargeable at applicable rate.
Office / Home Banking: Please refer Fees & Charges.

5. Personal Loan and Home Loan - Conditions apply. Credit at sole discretion of Kotak Mahindra Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.

6. Terms & Conditions Apply. Credit at the sole discretion of Kotak Mahindra Bank Ltd. and subject to guidelines issued by RBI from time to time. For details please refer https://www.kotak.com/en/personal-banking/loans/payday-loan/features.html

7. Bank account is offered by Kotak Mahindra Bank Ltd., whereas Demat and Online trading accounts are offered by Kotak Securities.

Please click here for detail Terms and Conditions related to the benefits offered to NationBuilders Salary Account.

Note: The above benefits & offers are subject to review and change from time to time.

Disclaimer

1. Effective Oct 17,2024, daily balances in Savings Account up to Rs. 5 lakhs will earn 3% interest p.a. Daily balances above Rs. 5 lakhs & up to Rs. 50 lakhs; and above Rs. 50 lakhs will continue to earn 3.50% and 4% interest p.a. respectively. These interest rates are applicable for Resident Accounts only.

2. Please note, if your account is currently in dormant status, non-maintenance charges will not be applicable to the same. In order to activate your account, please visit your nearest Kotak Bank branch .

3. $Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges

4. Please click here for ActivMoney terms and conditions.

5. Taj Epicure Membership and Shopping Voucher benefits are applicable only to New to Bank customers subject to fulfilling both the criteria of salary credit and Debit card activation on Point of Sale or E-Commerce within 3 months of account opening. Voucher Details will be communicated through email. This will be issued once in a month.

Terms and Conditions related to Voucher Benefit.

NationBuilders Salary Account

Be ready with following documents while opening this account