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 Rs 50 lakhs
Permanent and Partial Disability cover of up to Rs 40 lakhs
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*
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).
**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.
Note: The above benefits & offers are subject to review and change from time to time. Kindly visit our website www.kotak.com for details
A few things to consider while deciding on your perfect mean machine.
Disclaimer - 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.
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 .
$Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges