Savings Account

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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.
Apart from regular features and offers like cashbacks and discounts, Kotak Bank have also come up with special savings account programmes designed specifically for women, children, senior citizens, working professionals and for the entire family. Please provide us with a few details related to your requirements so that we can find the most suitable savings account to meet your banking needs.
Sankalp Savings Account
AVERAGE QUARTERLY BALANCE (AQB) IS ₹2500
Complimentary Talk time offer from Jio
Terms & Conditions apply
EveryDay Savings Account
₹20000 MINIMUM BALANCE REQUIRED or 30 TRANSACTIONS
Ace Savings Account
AVERAGE MONTHLY BALANCE (AMB) IS ₹50,000
Pro Savings Account
₹20000 MINIMUM BALANCE REQUIRED
Edge Savings Account
₹10000 MINIMUM BALANCE REQUIRED
Silk Savings Programme
Grand - Savings Programme
Nova Savings Account
₹5000 MINIMUM BALANCE REQUIRED
(Available only in semi urban and rural locations)
Platina Savings Account (Discontinued)
Jifi (Discontinued)
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.
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Junior Savings Account
Most children start understanding money and savings much before we think they do. Kotak Mahindra Bank (KMB) therefore designed a special savings bank account for children 'Kotak Junior' to encourage them to save smartly from an early age. The account comes with the advantage of 4% interest rate and several unique features like, a first of its kind membership card for children, and rewards programme which appeal to the parent and the child.
Women’s Savings Account
Women's Savings Account by Kotak Bank empowers today's woman with financial independence and simplified banking solutions. Kotak Silk celebrates the bold and unconventional choices made by women. Here’s an inspirational video that salutes women who have the courage to break stereotypes and choose the unconventional path.
Debit Cards
Buy Debit card and Enjoy Additional Offers and Benefits on Your Savings Account at Kotak
Note
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
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Yes. Kotak offers a 3-in-1 account called 'Trinity''. It includes : Kotak Bank Savings Account + Kotak Securities Demat Account + Kotak Securities Trading Account
Prevailing Savings account interest rate on the daily balances is as follows :
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.
Interest will be credited in the savings account on quarterly basis.
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.
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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.