Reasons to Bank with Us

Accessing your savings account is easy and convenient with our wide network of 1300+ branches and 24x7 ATMs across the country. Your savings account is always at your fingertips with our best in class net banking feature, SMS banking and our award winning mobile banking app for all your online transactions. 

Savings Bank A/c 
Nature Rate of Interest
For balances upto Rs. 50 lakhs     For balances above Rs. 50 lakhs
A. Domestic (W.e.f. June 13, 2022) 3.50% p.a.
4% p.a.
B. Non Resident (NRE/NRO) 3.50% p.a. 
3.50% p.a.
With effect from 1 April 2016, the periodicity of payment of interest on Savings Bank Account will be quarterly. Thus, the Savings Bank interest calculated on daily product basis will be paid at quarterly intervals on 30th June, 30th September, 31st December & 31st March each year. Note : p.a. is "per annum"


The bank offers floating rate linked savings deposit. For details, please click here, or contact your branch/relationship manager.

Service Request

  • • Nomination update
  • • Download account statement
  • • Change of Home Branch
  • • Place a request for chequebook
  • • Know your Account balance
View Service Requests


  • Channel Blocking/Unblocking/Information
  • Charges Reversal- Accepted
  • Contact Details Change/Inquiry
  • Bal/Txn/AMB
  • Account Status/Freeze/Closure
View All Topics

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Demat Account - Kotak Mahindra Bank

Demat Account


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 Account

For Terms & Conditions of the Times Prime offer, click here


Frequently Asked Questions

Can I open a DEMAT Account with my Savings Account?

Yes. Kotak offers a 3-in-1 account called 'Trinity''. It includes : Kotak Bank Savings Account + Kotak Securities Demat Account + Kotak Securities Trading Account

At what rate will I earn interest on the balance in my Savings Account?

Prevailing Savings account interest rate on the daily balances is as follows : 

Click here to check the prevailing Saving account interest rate on the daily balances is as follows

What is Savings Account?

A Savings account is a bank deposit account that offers interest on the balance kept in the account. It allows you to secure or withdraw money when the need arises. Banks now a days are offering different types of accounts to cater to the needs of various customer segments with specific benefits and offers. From senior citizens to kids, there is a proposition for everyone.

When is the interest earned on my saving account deposited/credited into my account?

Interest will be credited in the savings account on quarterly basis.

Is PAN card compulsory to open a savings account?

Pan card is mandatory to open a Savings account if annual income is more than 5L. For cases with income less than 5L, the accounts can be opened with Form 60 as well.