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Open a Student Bank Account

At Kotak, we firmly believe that knowledge imparts power and it's our responsibility to help young minds channel their brilliance into the real world. The Kotak UNI Student Account, a savings account for students from premium institutions, which allows them access to exclusive banking privileges, and smart personal finance programmes. From a college to their big corporate gig, the Kotak UNI Student Account is the only bank account they'll ever need - one that simplifies finances, and gives them exactly what they need.

A complete digital-first student banking experience

Enjoy a no-hassle, zero-balance student bank account

Curated brand offers and specifically tailored deals

Eligibility to apply for Credit Card

Eligibility to get Student Loans as per specific requirements

Features	Description
Experience Digital Banking with 180+ features on the Kotak Mobile Banking App	Pay bills for or recharge phone, DTH, or any other bills through Net Banking or the Kotak Mobile Banking App. Send and receive money with a click. Pay fees or monitor transactions online and do much more, with UPI, NEFT, RTGS & IMPS facility Scan & Pay* facility for contactless and cash-free payments. Use KayMall on the Kotak Mobile Banking App or Net Banking, for all shopping, travel bookings, etc. and get exclusive discounts and beneﬁts.
Free Platinum Debit Card with exclusive beneﬁts and complementary insurance covers	Personal Accidental Death cover of up to Rs 15,00,000 (T&C Apply) Air Accident Insurance: Rs 50 lakhs The Loss Card liability to Rs 3.50 Lakhs Purchase Protection Limit (Fire): Rs. 1 lakh Purchase Protection Limit (Burlary): Rs. 1 lakh Lost Baggage Insurance: Rs. 1 lakh
Eligibility to apply for a without any credit score check, on booking an FD of Rs 15,000 or above	No joining and annual fees Low interest charges - 2.99% per month Interest-free cash withdrawal up to 48 days High credit limit of up to Rs 12 lakhs Fuel and railway surcharge waiver 500 bonus reward points on spends of Rs 5000 in the first 45 days Rs 750 cashback on annual spends of Rs 75000
Eligibility to get Student Loans^## as per specific requirements	Education loan for e-learning Education loans for higher studies in India or abroad Fastest sanction Flexible repayment options Customized loans
Additional Features	Get unlimited free access across all Kotak VISA ATMs^^ Attractive interest rates on booking Recurring Deposits (RD) Eligibility for a SILK Savings Account, exclusive banking programme for women with a cashback of up to Rs 4,500** on Kotak debit card spends Tools to understand and manage personal finance better with bespoke industry webinars, seminars, and conferences

Disclaimer

*Scan & Pay at selected in store outlets.

^^Maximum of 5 transactions free in a month with a cap of Maximum 3 free transactions in Top 6 cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru & Hyderabad ATMs.

**Cashback amount is for the year. Cashback subject to meeting of minimum Average Monthly Balance requirement & spends. The spends should be on domestic merchant transactions using Debit Card. Cashback will be credited in the subsequent month. Details of the same will be communicated through email & SMS. ATM Cash withdrawals are not eligible for rewards.

^##Credit at the sole discretion of the 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.

***Issuance of Credit cards is at the sole discretion of Kotak Mahindra Bank Ltd. All features and benefits are subject to Credit Card Terms & Conditions. Please read the Terms & Conditions provided on the bank website www.kotak.com

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.

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

Click here for detail Terms and Condition related to Insurance Benefit on Debit card

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

What is the eligibility criteria to open a UNI student bank account?

The Kotak Uni Student Bank Account can be opened by resident individuals who are pursuing professional courses, between 18 to 25 years of age.

Frequently Asked Questions

How to open the Kotak UNI Student Bank Account?

You can open a Kotak UNI Student Bank Account digitally, from anywhere, thanks to the Video KYC feature. It involves getting on a video call with a Kotak bank executive to complete your KYC process, essentially ruling out a visit to a Kotak bank branch completely.

What are the steps involved in opening the Kotak UNI Student Bank Account online?

In the Video KYC process, you have to fill up your details online. After you fill up all the required details, the Kotak bank executive will carry out basic checks over video interaction. The agent will guide you through the entire process. Just have your original documents, a blank paper, and a blue/black pen handy. Once this Video KYC is done, you will have a fully-functional Kotak UNI Student Bank Account within 24 hours.

What are the documents required to open a Kotak UNI Student Bank Account?

To open this student savings account you will need a residence proof, an identity proof, a signature proof, and a proof to ensure student status.

How many days does it take to open this student savings account?

Once the Video KYC process is done to open the Kotak UNI Student Bank Account online, it takes less than 24 hours for the account to be activated.

How is the Kotak UNI Student Bank Account different from other student savings accounts in the market?

While the effort has been made to provide the UNI Student Bank Account with class-leading benefits that remain extremely useful even when students take up a job post their course completion, this student savings account also ensure that students develop a strong sense of financial learning. In the future, it will lead to these students becoming individuals who have great understanding and control of their personal finance requirements.

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UNI Student Bank Account