Uniformed Forces Salary Account - Defence Salary Account Online

Host of benefits and privileges, all tailored to meet the financial and banking needs of Uniformed Forces

Unlimited Free Usage of Kotak and Other Bank’s ATMs

Personal Accident Death Insurance cover of up to Rs. 50 Lakh

Permanent and Partial Disability cover of up to Rs 40 lakhs

Earn FD like interest in your Salary Account with ActivMoney, click here to know more

Air Accident cover of Rs 1 Crore

Education Benefit of upto Rs.10 lakhs along with Salary PA Cover ( Rs. 5 lakhs for boys and Rs. 10 lakhs in case of a girl child)

Lifetime Zero Balance Account, subject to regular salary/pension credit*

Banking Benefits

Up to 3 Family Savings account free for for immediate family members which includes Parents, Spouse and Kids above 18 years
Dedicated Relationship Manager
Free unlimited DD’s / PO’s
Free third party online fund transfer – NEFT, RTGS and IMPS
Free unlimited Payable At Par (Multi City) Cheque Book**
Anywhere Banking, across branches at home location
Fixed Deposits and Recurring Deposits available

Convenience Banking

Home Banking & Office Banking offered
Instacheck – Receive instant SMS on account balance and last 3 credit transactions
Online Bill Pay for Utilities with auto bill pay and SMS alert options
24Hour Net Banking, Mobile Banking & Phone Banking
Payment Gateway and Visa Money Transfer
Dedicated service email ID for Defence customers for quicker and timely resolution of queries. [email protected]

##Investment Account – Free online platform for Mutual Funds accessible through Net Banking; Phone Banking and Mobile Banking.

Best in class Brokerage Rates on Demat & Trading Account – Free Online Trading account with waiver on Account opening fees. Preferential rates on delivery and intraday transactions

Insurance – Employees would have access to multiple insurance products from Kotak Life Insurance Company, a Kotak group company. The customers can also avail of general insurance products from Kotak General Insurance Company.

Terms & Conditions

1. Effective April 25, 2025, daily balances in Savings Account up to Rs. 50 Lakh will earn 2.75% interest p.a. and above Rs. 50 Lakh will earn 3.25% p.a. respectively. These interest rates are applicable for both Resident and Non Resident Accounts (NRE/ NRO).

2. All loans, over-drafts and credit card are subject to complete documentation and at sole discretion of bank. Bank may engage the services of marketing agents for the purpose of securing loan assets. The aforementioned benefits will be available till such time there are salary credits in the primary account.

3. Family savings accounts (3 accounts) with Zero account maintenance charges. Initial payment cheque of Rs.10000 will be required at the time of account opening.

4. #Office / Home Banking – Cheque Pick Up / Delivery - Up to 10 office and home banking instance free every month; Cash Pick Up / Delivery – 50% of charges up to 1 request per month basis standard charge.

5. *In case of no salary/pension credits, the charges will be applicable as per the General Schedule of Fees and Charges (GSFC); you may refer to GSFC on kotak.com.

6. Car Loans and Car Lease are offered by Kotak Mahindra Prime limited, a Kotak Group Company and are subject to sole discretion of Kotak Mahindra Prime and subject to complete documentation. This is available at select locations and on select vehicles. Max tenure of the loan is 60 months.

7. Online trading account is provided by Kotak Securities, a Kotak Group Company. The offering and rates of products are liable to get revised from time to time and is guided by the regulatory guidelines.

8. ##Mutual fund investments are subject to market risks. Read all scheme related documents carefully before investing

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

10. Please click here for ActivMoney terms and conditions.

**Terms & Condition of Insurance

Salary Account Personal Accident Insurance cover of Rs.50 Lakh**

(Rs.40 Lakh**for all types of accidents including on-duty incidents and training. Additional Rs.10 Lakhs is applicable in case of death due to terrorist attack while on duty).

Above Coverage's are subject to claimant having a salary account with Kotak Mahindra Bank Limited
Above Coverage's are subject to at least one Salary / Pension credit received (in Kotak Mahindra Bank's Salary account) in last 6 Months from the date of accident .However, the coverage will start only after the first salary credit. In case of Defence trainees, undergoing training, the cover shall be applicable from the date of account opening for the first 6 months, post which salary credit is required for the cover to be applicable.
Air Accident Cover is eligible if travel by Defence Aircraft/ Air ticket is provided by respective department /ticket is purchased from Salary AC (excepts personnel travelling in fighter jets)
Uniformed personnel Police / Defence Etc. for Accidental Death due to Naxal / Mob / Terrorist Attacks are covered. The policy covers death / disability due to Wild animal attack, snake bite or any other accident while guarding Forests or any other property or even otherwise.
For defence personnel under salary segment, death due to cross border firing is covered.
Any death during training is covered
Any death where insured personnel was deputed on high altitude is covered, and includes death due to accidents in high altitude and difficult terrain (like Siachen) including EQ, Flood & Terrorism.
Any death, during rescue operation, riot like situation, civil commotion, Naxal combat, Terrorism attack, guarding important premises Or within respective camps is covered.
For Child Education and Girl Child Benefit Age Criteria is Age 0 to 24 years old.
All other terms and conditions as per standard Group Personal Accident Insurance Policy
Claim document submission TAT is 180 Days from the date of accident / death/ loss
WAR is excluded from the scope of the policy.

**Personal Accident Death Insurance, Partial Disability & Permanent Disability Cover is applicable for Uniformed personnel having salary account with KMBL with at least one salary credit in last 6 months. The Cover includes all on Duty and Off Duty accidents .There’s no condition of POS transaction to avail the cover. Eligibility criteria for availing below insurance cover benefit

**Personal Accident Death Insurance on Platinum Debit Card - Please Click here for more details.

Lost Card Liability: To cover transactions at merchant outlets and online portals on lost / stolen cards as per the limit up to 30 days pre- reporting and 7 days post reporting.
Purchase Protection: To cover loss of goods up to 60 days from the date of purchase as per the limits if the goods were purchased using Kotak Debit Card.
Lost Baggage Insurance: To cover transactions at merchant outlets and online portals on lost / stolen cards as per the limit up to 30 days pre- reporting and 7 days post reporting. Click here for more detail.

Note: The above benefits & offers are subject to review and change from time to time. Kindly visit our website www.kotak.com for details

Be ready with following documents while opening this account

Sr. No.	Name of the Document (valid)	Identity Proof	Address Proof
1	Passport	Yes	Yes
2	Driving Licence	Yes	Yes
3	Aadhaar (Post e-KYC authentication by Bank)	Yes	Yes
4	Voter Id	Yes	Yes
5	Job Card issued by NREGA	Yes	Yes
6	Letter issued by National Population Register	Yes	Yes

Disclaimers

*Authorized Signatory authentication on the Account Opening Form

Disclaimer

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 minimum Rs 500 Debit card spends 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.

Salary Account for Uniformed Forces

Banking Benefits

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Terms & Conditions

**Terms & Condition of Insurance

Be ready with following documents while opening this account

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