| Average monthly Balance |
Zero |
Zero |
Zero |
| Funds Transfer |
NEFT / RTGS / Funds Transfers / IMPS (Through Net / Mobile Banking) |
NEFT / IMPS: Nil Charges; (RTGS: Not available) |
NEFT / IMPS: Nil Charges; (RTGS: Not available) |
NEFT / RTGS / IMPS:
Nil Charges |
| NEFT / RTGS done through Branch |
Not available |
Not available |
For NEFT: Upto 10000: 2.50;
10001 to 100000:5; 100001 to
200000:15; > 200000 : 25
For RTGS: 200001 to 500000: 25;> 500000: 50 |
| Cash Transactions |
Cash Transactions at Branch / Cash Deposit Machine (Deposit or Withdrawal) |
Nil charges for 1 Deposit / month upto Rs. 10,000. Thereafter, charged at Rs. 3.5 / 1000 with minimum Rs. 50.
(Cash Withdrawal: Not available) |
Nil charges for 1 Deposit / month upto Rs. 10,000. Thereafter, charged at Rs. 3.5 / 1000 with minimum Rs. 50.
(Cash Withdrawal: Not available) |
Nil charges for 1 transaction (Deposit or Withdrawal) / month upto Rs. 10,000.
Thereafter, charged at Rs. 3.5 / 1000 with minimum Rs. 50. |
| Debit Card / ATM Charges (Virtual Debit Card) |
Issuance / Annual Fee / Replacement |
Nil Charges |
Not available |
Nil Charges |
| Debit Card / ATM Charges (with Physical Debit Card) |
Classic Debit Card-Annual Fees Or Replacement of Lost Debit Card (Physical Debit card) |
299 p.a. |
Not available |
299 p.a. |
| Kotak Bank's ATM Financial Transaction / Non-Financial Transaction* |
5 Transaction / month @ nil charges, thereafter Financial Txn. 20.00 / Txn.
Non-Financial Txn. 8.50 / Txn. |
Not available |
5 Transaction / month @ nil charges, thereafter Financial Txn. 20.00 / Txn.
Non-Financial Txn. 8.50 / Txn. |
Other Domestic ATMS Financial Transaction / Non-Financial Transaction## / Declined Transactions due to
insufficient balance |
Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of Maximum 3 transactions
@ nil charges in Top 6#+ Cities, thereafter Financial Transaction 20.00 / Txn.
Non-Financial Transaction 8.50 / Txn. Txn. declined charges Rs. 25 / instance |
Not available |
Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of Maximum 3 transactions
@ nil charges in Top 6#+ Cities, thereafter Financial Transaction 20.00 / Txn.
Non-Financial Transaction 8.50 / Txn. Txn. declined charges Rs. 25 / instance |
| Financial Transaction / Non-Financial Transaction at International ATM + |
150 / Txn. |
|
150 / Txn. |
| DD / Pay order / Cheque book |
DD / Pay Order |
Not available |
Not available |
2.5 / 1000 (Min 50 Max 10000) |
FCY DD / TT / Cheque Collection / Revalidation / Cancellation /
FCY Cheque Deposited and Return |
Not available |
Not available |
500.0 |
| At-par Cheque Book Charges |
Not available |
Not available |
Chargeable Rs. 3 per leaf on request (Min 25 leaves in one cheque book) |
| ECS / Cheque Issued & Returned (due to non-availability of funds) |
Not available |
Not available |
500 / instance |
| ECS Mandate Verification |
Not available |
Not available |
50 / instance |
| SI Failure |
Not available |
Not available |
100.0 |
| Cheque deposited and returned (INR) |
Not available |
Not available |
100.0 |
| Branch Requests |
Duplicate Ad-hoc statement, Balance & Interest Statement, Foreign Inward Remittance Certificate, Duplicate Passbook, TDS Cerificate Through Branch or any other Record Retrieval, Stop Payment Single / Range of cheque thru branch; DD / PO / BC Revalidation / Cancellation( INR); Tax Collection thru branch; Regeneration of Pin sent through courier*^; Annual Combined
Statement Physical; Monthly Physical Statement |
Not available |
Not available |
100 / Request |
| Statements & Alerts |
Statements |
Email statement @ nil charges |
Email statement @ nil charges |
Email statement @ nil charges |
| Balances and Transaction & Value added alerts (Daily / Weekly) |
Daily SMS 30 / Qtr. |
Daily SMS 30 / Qtr. |
Daily SMS 30 / Qtr. |
| Weekly SMS 15 / Qtr. |
Weekly SMS 15 / Qtr. |
Weekly SMS 15 / Qtr. |
| Other Charges |
TOD |
Not available |
Not available |
TOD: Rs. 500 |
| Cheque purchase |
Not available |
Not available |
Cheque Purchase Charges: 0.5 /1000 (Min 50; Max 10000) |
| Features of Kotak811 Lite Mobile Account: Aggregate of all credit should not exceed 20,000 every month and, Account balance at any point should not exceed 20,000. Customer can transfer a maximum amount of 20,000 through online transfers. Customer won't be allowed to transfer funds through branch before the account is converted to Full KYC account. No cheque book will be issued and cheque deposit will not be allowed to customers. |
| Features of Kotak811 Limited KYC Account: Aggregate of all credit should not exceed 2 Lakh in a year and, Account balance at any point should not exceed 1 Lakh. Customer can transfer a maximum amount of 100,000 through online transfers. Customer won't be allowed to transfer funds through branch before the account is converted to Full KYC account. No cheque book will be issued. |
| ##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction. |
| #+ Top 6 Cities Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs. |
| *Financial transaction at ATM will include Cash withdrawal, Non-Financial transaction will include balance enquiry, PIN change, Mini statement request. |
| Transaction and Value Added SMS alerts would be sent to the customers who have subscribed for Daily / Weekly. Balance Alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed. |
| *^ Physical regeneration of PIN will not be allowed for Kotak811 customers. Customer need to visit Mobile banking App to generate the PIN. |
| #Indo - Nepal Remittance Scheme (NEFT Charges): |
| If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn. (incl all taxes). |
| If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto Rs. 5000 Rs. 75 per txn. & beyond Rs. 5000 Rs. 100 per txn. (incl all taxes). |
| The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction. |
| Charges are exclusive of the Goods and Service Tax (GST). |
| With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time. |
| Any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs. 350/- per rejection<> |
| As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts. |
| +Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder. |
| The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges. |
| ~Any purchase / sale of foreign exchange will attract Service Tax on the gross amount of currency exchanged as per Service Tax on Foreign Currency Conversion Charges (FCY) table below. |
| Value of purchase or sale of Foreign Currency |
Value on which GST rate will be applicable |
| Up to Rs. 1,00,000 |
1% of the gross amount of currency exchanges or minimum of Rs. 250/- |
| Above Rs. 1,00,000 to Rs.10,00,000 |
1000 + 0.50% of the gross amount of currency exchanged less 1,00,000. |
| Above Rs. 10,00,000 |
Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs. 60,000/- |
