| Average Monthly Balance (AMB)
|
|
Rs. 50,000
|
| Non Maintenance Charge (NMC) - Monthly
|
Charges for non maintenance of minimum monthly average balance
|
5% of the shortfall in required AMB per month (Max upto Rs.600/-)
|
| Fund Transfers
|
NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)
|
Nil Charges
|
| NEFT / RTGS - Applicable only if done in Branch
|
Nil Charges
|
| IMPS
|
Nil Charges
|
| UPI
|
Nil charges up to 50 UPI fund transfers every month, thereafter Between 51 – 100 txns - Rs. 3 for txn value <= Rs. 1000 and Rs. 6 for txn value > Rs. 1000 & Post 100 transactions Rs. 4 for txn value <= 1000 and Rs. 7.5 for txn value > Rs. 1000. Merchant payments , online shopping, bill payments etc done via UPI continue to be at Nil Charge & will not be considered under UPI fund transfers.
|
| Cash Transactions
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Cash Transaction at Branch / Cash Deposit Machine
(CDM) (Deposit or withdrawal)
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Nil Charges upto 10 transactions or 5 lac / month whichever is earlier. Post these limits, charged at Rs 3.5 / 1000
(Minimum Rs. 150)
|
| Debit Card / ATM Charges
|
Debit Card Charges
|
|
Kotak Bank's ATM Cash Withdrawal / Non
Financial Transactions
|
Nil Charges
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| Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##
|
Nil Charges
|
| Transactions declined at merchant outlets/ websites/ATMs, due to insufficient balance <>
|
Rs.25 per transaction
|
| Cash Withdrawal / Non-Financial Transactions at International ATMs +
|
Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
|
| Cardless cash withdrawal (IMT)
|
Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction
|
| DD / Pay order / Cheque Book
|
DD / Pay Order
|
Nil Charges
|
| FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return
|
Rs. 500
|
| At-par Cheque Book Charges
|
100 Chq leaves Nil Charges / Qtr; Thereafter Rs.3 / cheque leaf.
|
| ECS / Cheque Issued & Returned (due to non availability of funds)
|
Rs.500 / instance
|
| ECS Mandate Verification
|
Nil Charges
|
| SI Failure
|
Nil Charges
|
| Cheque deposited and returned (INR)
|
Rs.100 / instance
|
| Branch Requests
|
Duplicate Ad-hoc statement Balance & Interest Statement Foreign Inward Remittance Certificate, Duplicate Passbook Duplicate TDS Certificate 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 ; Annual Combined Statement-Physical; Monthly Physical Statement ; Regeneration of PIN of NetBanking/Phone banking (sent through courier)
|
Nil Charges
|
| Home Banking
|
Cheque Pick Up/ Delivery (Rs. 150 per visit)
|
5 Free calls / month, thereafter Rs.150 per visit
|
| Cash Pick Up/ Delivery^
|
Up to 2 lacs: Rs 1000/- per Req; Rs 2 Lacs to Rs 5 lacs: 1500/- per Req; Rs. 5 lacs & above: Rs. 4600 --
50% of Charges up to 1 request per month basis standard charge
|
| Family Banking
|
|
Upto 3 Additional NMC waived Family member accounts under "My Family"
|
| Statements & Alerts
|
Statements
|
Email Statement (Monthly): Nil Charges; Physical Statement (Quarterly): Nil Charges
|
| Value added alerts (Daily / Weekly)
|
50p.per SMS(Daily) & Weekly-Nil
|
| Other Charges
|
TODCheque Purchase charges Account Closure charges: (if closed after 1 month & before 6 months of A/C opening)
|
TOD: Rs.500; Cheque Purchase
Charges: 0.5 / 1,000
(Min 50; Max 10,000);
Account Closure charges: 1,200
|
| Complimentary Services
|
Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation
|
Nil Charges
|
| Debit Card Annual Charges
|
Classic Debit Card
|
Nil Charges
|
| Silk Classic / Platinum
|
Nil Charges
|
| Gold Debit Card
|
Nil Charges
|
| Platinum / My World Debit Card
|
Nil Charges
|
| World / World Exclusive Debit Card
|
Nil Charges for 1st year, thereafter Rs. 250 p.a
|
| Other Debit Card Related Charges
|
Replacement of Lost / Stolen Debit Card
|
Rs. 200
|
| Image Debit Card Issuance Charge
|
Rs. 199
|
| Regeneration of PIN (sent through courier)
|
Nil Charges
|
| GST on Foreign Currency Conversion Charges (FCY) ~
|
| 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/-
|
|
|
|
|
|
|
| Foreign Exchange Services (FES)
|
| Outward Remittances - Individual
|
Standard Charges
|
| Telegraphic Transfer Charges (other than payment for imports)
|
INR 1250 + Tax
|
| Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter)
|
INR 1000 + Tax
|
| Issue of FCY DD's
|
INR 750 + Tax
|
| Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)
|
0.125 %; minimum INR 1,000 +Tax
|
| "As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.
|
| ##Cash withdrawal limit from other Domestic ATM is Rs. 10,000 per transaction.
|
| Mandatory Alerts will not be charged. 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.
|
| **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. 5,000 Rs. 75 per txn & beyond Rs. 5,000 Rs. 100 per txn (incl all taxes).
|
| Nova Savings and Classic Savings are available in Rural and Semi-Urban Branches. Service Charges & AMB requirement for 'Savings Account for Minors without Guardian' will be same as 'Nova Savings Account'.
|
| Service Charges for Synergy Savings Account' would be same as ‘Nova Savings Account’. However , there is no minimum AMB requirement in Synergy Savings Accounts.
|
| Service Charges for Savings Account For Professionals' would be same as ‘Pro Savings Account’. However , there is no minimum AMB requirement in Savings Accounts For Professionals’
|
| Service Charges for Savings Account For Special Projects' would be same as ‘Edge Savings Account’. However , there is no minimum AMB requirement in Savings Accounts For Special Projects’
|
| Service Charges for 'Kotak Composite Savings Account' will be same as 'Ace Savings Account'. Duplicate Ad-hoc statement will be charged at RS.100/- per request on 'Kotak Composite Saving Account'
|
| For UPI Txns – Above mentioned charges (as per the table) will be applicable for all fund transfers done via UPI using Kotak Bank account irrespective of the Apps used eg. Google Pay, Phonepe, Paytm etc. Money transfer to any bank account using a/c no & IFSC code will also be considered within those 30 UPI funds transfers & same charges will be applicable (as mentioned in the above table). The NMC charges will be based on the shortfall observed in the AMB.
|
| 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.
|
| A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April 1,2019]
|
| Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change.
|
| Debit Card Annual Charges for Junior, Youth and Maestro Debit Cards will be same as Classic Debit card. Debit Card Annual Charge for Titanium Debit Card issued to Edge / Nova will be Rs. 200 and free for others accounts.
|
| +Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder.
|
| 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.
|
| 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.
|
^For On call cash pickup if its more than 5 lacs then we will be charging upfront Rs 4600/- per pickup flat charge. Please note that the
Cash Pickup/ Delivery charges pertain to the “ Cash Pick-up/ Delivery” service offered to the customer. Additional charges for cash transactions shall be levied basis the Cash Transaction limits offered under the respective variant. The Cash pick-up amount shall be a part of the overall Cash transaction limits offered under the variant.
|
| <> Penalty charges. Non-maintenance charges (NMC) is not applicable once the savings account becomes inoperative / dormant.
|
| With effect from April 1, 2015: In the event of a default in maintenance of Average Monthly Balance as agreed to between the Bank and customer for the month (referred as Default Month), the Bank will notify the customer clearly of the default and that the Average Monthly Balance for the account has to be met in the subsequent month (referred to as Notice Month). If the AMB is still not maintained in the Notice Month, the NMC (Non Maintenance Charges) for both the Default Month and Notice Month will be recovered in the subsequent month. The Bank may choose to notify by SMS / email / letter. It will be the responsibility of the customer to have a valid email id, mobile number and address updated with the Bank at all times, failing which, customer may not receive the notification/s. The NMC charges will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC. In case of accounts sourced under promotional offering and enjoying conditional NMC waiver, the terms and conditions of such promotional offering shall prevail."
|
| State government taxes/ Cess as applicable shall be charged
|
| W.e.f 1st September 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year.
|
