Investment Savings Account @ Non Maintenance Charge*

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Alpha - The Savings & Investment Programme

The Alpha - Savings & Investment Programme is specially designed to make regular saving fun and easy. With this unique savings programme you can invest in Recurring Deposits, NPS, Fixed Deposits, Mutual Fund and much more all in one place.

Monthly Balance

Get a Non Maintenance Charge
Waived Savings account

Kotak Rewards

Experience Kotak Rewards**
feature where you can earn up
to 1500 Kotak Reward Points

Annual Charges

Waiver on Investment Account
Annual charges
(as long as SIP is running)

Locker

15% discount on locker rental with Ace

Other Features

Get a Non Maintenance Charge Waived Savings account by subject to -

Mandatorily investing a minimum of Rs. 2000 / 3000 and Rs. 4000 every month (depending on the account variant chosen) into an RD / SIP^*
Investing in a Term Deposit whose value is 10 times or more of the prescribed product Average Monthly Balance
Opening a Savings Account Linked to Demat & Online Trading Account (Trinity Account) with margin amount equal to or more than Rs. 10,000

Debit Card -

Savings Account Name	*Edge/Nova	*Pro/Classic	*Ace
Debit card	Classic	Platinum - Free for 1st year	Platinum

Learn the programme proposition for the Alpha Savings Account.
Explore more savings account options that best suit your needs.

Disclaimer

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.
^ Minimum tenure for investment: 36 months
Kotak Rewards are subject to meeting of minimum Spends criteria. Spends should be on domestic and international merchant transactions done on your Debit Cards. The Reward Points will be credited once in a month in your Kotak Rewards Account when the Spends criteria is met. Validity of Reward Points will be 1 year from the date of credit. Details of the same will be communicated through email and SMS. ATM Cash withdrawals are not eligible for rewards.
Mutual fund investments are subject to market risks, read all scheme related documents carefully
Kindly read program enrolment letter carefully before enrolling for the Programme
*Waiver on Investment Account Annual charges is subject to ongoing SIP in mutual funds
Charges applicable to services pertaining to account shall be charged
$Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges

Frequently Asked Questions

What is the Alpha - Savings & Investment Programme, and how does it work?

The Alpha Savings & Investment Programme is specially designed to make regular saving fun and easy. With this unique savings programme you can invest in Recurring Deposits, NPS, Fixed Deposits, Mutual Fund and much more all in one place.

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Can I invest in multiple options through the Alpha Savings Account?

Yes, you can invest in multiple options through the alpha savings account.

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Can I withdraw my investment from the Alpha - Savings & Investment Programme at any time?

The minimum tenure for investment is 36 months

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How much can I invest in the Alpha Savings Account?

In alpha savings account the following type of investments can be made as per minimum investment amount:

1) Systematic Investment Plan (SIP) in Mutual Funds - Rs. 2,000.

2) Recurring Deposit (RD) - Rs. 2,000.

3) Term Deposit (TD) - Value of Term Deposit is 10 times or more of the prescribed product Average Monthly Balance.

4) Savings Account Linked to Online Trading Account (Trinity) - Margin Amount of Rs. 10000 & Above

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How do I open an account for the Alpha - Savings & Investment Programme?

The criteria for Alpha savings & investment programme account opening is as follows:

1) Alpha Savings Programme is offered to customers above 18 years of age.

2) Applicable for Resident Indians only and can be offered to Privy and Wealth segment.

3) In case the customer is holding multiple Savings account with the Bank, he / she can apply for the Alpha programme in one account only and the customer will be eligible for all the features of the program through this account only as a primary holder.

4) Account linked with Kotak Alpha Savings Programme can be offered to Existing as well as NTB (New To Bank) customers.

5) Alpha Programme is offered only with Kotak Pro/Ace/Edge/Nova/Classic Savings Account variants

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