| AMB (Average Monthly Balance)
|
NA
|
Rs. 100000
|
NMC (Non Maintenance Charges)
If Salary upload is not sighted for 2 consecutive months and AMB not maintained <>
|
In case salary is not sighted or product AMB not maintained for 2 consecutive months, the account shall be converted to CS EDGE and General Schedule of Fees and Charges for CS EDGE shall be applicable
|
| Charges for non maintenance of minimum monthly average balance
|
5% of the shortfall in required AMB per month
|
| Fund Transfers
|
NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)
|
Nil
|
| NEFT / RTGS - Applicable only if done in Branch
|
Nil
|
| IMPS
|
Nil
|
| UPI
|
First 20 UPI fund transfers per month will have ZERO charges, thereafter Rs.2.5 (plus GST) for txn value <= Rs.1000 & Rs.5 (plus GST) for txn value > Rs.1000 will be charged. There will be ZERO charges for merchant payments, online shopping, bill payments etc. done via UPI & will not be considered under UPI fund transfers.
|
| Cash Transactions
|
Cash Transaction at Branch / CDM (Cash Dispensing Machine)
(Deposit or withdrawal)
|
Nil upto 10 transactions or 5 lac / month whichever is earlier.
Post free limits, charged at Rs. 3.5 / 1000 with minimum Rs. 150
|
| Debit Card / ATM Charges
|
Debit Card Charges
|
|
Kotak Bank's ATM –
Cash Withdrawal /
Non Financial txn.
|
Nil txn. charges
|
Other Domestic ATMS –
Cash Withdrawal / Non
Financial txn. ##
|
Nil txn. charges
|
Declined Domestic ATM Transactions due to insufficient balance <>
Declined Transactions at ATM, merchant outlets, websites due to insufficient balance <>(w.e.f April 1,2019)
|
Rs. 25 / txn.
|
| Cash Withdrawal / Non- Financial Transactions at International ATM +
|
Cash Withdrawal: Rs.150 /
Transaction Non-Financial: Rs. 25 / Transaction
|
| Cardless cash withdrawal (IMT)
|
Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction
|
| DD / Pay order / Cheque Book
|
DD / Pay Order
|
Nil
|
| FCY - DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return <>
|
Rs. 500 / instance
|
| At-par Cheque Book Charges*#
|
Nil
|
| ECS / Cheque Issued & Returned (due to non availability of funds) <>
|
Rs. 500 / instance
|
| ECS Mandate Verification
|
Nil
|
| SI Failure
|
Nil
|
| Cheque deposited and returned (INR) <>
|
Rs.100 / instance
|
| Requests
|
Duplicate Ad-hoc statement, Balance & Interest Statement, Foreign Inward Remittance Certificate, Duplicate Passbook, TDS Certificate Through Branch or any other Record Retrieval, Stop Payment - Single/ Range of cheque thru branch; DD / PO / BC Revalidation / Cancellation (INR);Annual Combined Statement-Physical; Monthly Physical Statement; Regeneration of PIN of Net Banking / Phone Banking (sent through courier)
|
Nil
|
| Home Banking
|
Cheque Pick Up/ Delivery (Rs. 150 per visit)
|
10 Free calls / month, thereafter Rs.150 per visit
|
| Cash Pick Up/ Delivery^
|
Up to 2 lacs: Rs 1000/- per Req; Rs 2 Lacs to Rs 5 lacs: 1500/- per Req; Rs. 5 lacs & above: Rs. 4600 --
50% of Charges up to 1 request per month basis standard charge
|
| Family Banking
|
|
3 NMC Waived FSA
|
| Statements & Alerts
|
Statements
|
Email Statement-Nil; Physical Quarterly-Nil
|
| Value added alerts (Daily / Weekly)
|
50p.per SMS(Daily) & Weekly-Nil
|
| Other Charges
|
TOD
Cheque Purchase charges Account Closure (if closed after 1 month and before 6
months of A/C opening)
|
TOD: Rs. 500
Cheque Purchase Charges: 0.5 / 1000 (Min 50; Max 10000)
Account Closure Charges - 1200
|
| Debit Card Annual Charges
|
| Debit Card Annual Charges
|
Classic / Titanium Debit Card
|
200
|
| Silk Classic / Platinum
|
Nil
|
| Gold Debit Card
|
500
|
| Platinum / My World Debit Card
|
750
|
| World / World Exclusive Debit Card
|
750
|
| Default Card
|
Platinum
|
| Other Debit Card Related Charges
|
Replacement of Lost / Stolen Debit Card
|
200
|
| Image Debit Card Issuance fee
|
199
|
| Regeneration of PIN (sent through courier)
|
Nil
|
| ##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction.
|
| #+ Top 6 Cities Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.
|
| Mandatory Alerts will not be charged. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed.
|
| If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes).
|
| For UPI Txns – Above mentioned charges (as per the table) will be applicable for all fund transfers done via UPI using Kotak Bank account irrespective of the Apps used eg. Google Pay, Phonepe, Paytm etc. Money transfer to any bank account using a/c no & IFSC code will also be considered within those 30 UPI funds transfers & same charges will be applicable (as mentioned in the above table). The NMC charges will be based on the shortfall observed in the AMB.
|
| <> In the event of a default in maintenance of Average Monthly Balance or regular salary credits as agreed between the bank and customer for the month (referred as ‘Default Month’), the bank will notify the customer clearly of the default and that either salary credit to be sighted or Average Monthly Balance for the account has to be met in the subsequent month (referred to as ‘Notice Month’) else the NMC (Non Maintenance Charges) for both the ‘Default Month’ and ‘Notice Month’ will be recovered. The bank may choose to notify by SMS / email / letter. It will be the responsibility of the customer to have a valid email id ,mobile number and address updated with the bank at all times, failing which, customer may not receive the notification/s. The NMC charges will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC.
|
| A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April 1,2019]
|
^For On call cash pickup if its more than 5 lacs then we will be charging upfront Rs 4600/- per pickup flat charge. Please note that the
Cash Pickup/ Delivery charges pertain to the “ Cash Pick-up/ Delivery” service offered to the customer. Additional charges for cash transactions shall be levied basis the Cash Transaction limits offered under the respective variant. The Cash pick-up amount shall be a part of the overall Cash transaction limits offered under the variant.
|
| Family Savings Account will enjoy waiver of NMC till such time the linked principal Salary account receive monthly salary credits or maintains the required product AMB. In the event of Principal salary account not receiving salary credit or maintaining the required AMB, the linked Family Savings account should maintain AMB of Rs. 10000. Failing which standard charges of edge account (CS EDGE) would apply in the Family Savings Account.
|
| <> Penalty Charges. Not applicable once the account becomes inoperative/ dormant.
|
| Forex Card
|
Particular
|
Standard charges
|
| Issuance Fee
|
250 (exclusive of GST)
|
| Reload Fee
|
75 (exclusive of GST)
|
| Foreign Exchange Services (FES)
|
| Outward Remittances - Individual
|
Standard Charges
|
Telegraphic Transfer Charges
(other than payment for imports)
|
INR 1250 + Tax
|
Correspondent Bank Charges (Outward remittance
wherein the foreign bank charges are paid by remitter)
|
INR 1000 + Tax
|
| Issue of FCY DD's
|
INR 750 + Tax
|
Commission in lieu of exchange
(in case of debit from EEFC/RFC/SFC account)
|
0.125 %; minimum
INR 1,000 +Tax
|
| The revised GST slabs are as below :
|
| 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/-
|
| 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 September 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year.
|
