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Classic Savings Account
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The Kotak Mahindra Classics Savings Account gives you the benefit of great features, that too at a comfortable balance requirement, so you can enjoy a banking experience that is truly exceptional. Classic Savings Account is available in Semi-urban/rural branches only.
The minimum average monthly balance for Classic Savings account is Rs.10,000.
It is power packed with lot of features, which are as follows:
1. Average Monthly Balance (AMB) of Rs. 10,000/-
2. Earn up to 2.50% interest on your Savings account balance
3. Free access to all domestic VISA ATMs
4. Free Visa Platinum Debit Card (1st year free)
5. Free Net Banking, Mobile Banking and Phone Banking
6. Free cash pick-up/ delivery
7. Free instrument pick-up/ delivery
8. Free NEFT through Netbanking
9. Free cash deposit/withdrawal from any Kotak Branch up to 3 transactions or INR 1 lakh / month whichever is earlier
10. 30 free ATM transactions per month (Financial & Non-Financial on Kotak ATM & Other Bank ATM)
11. Free Demand Drafts up to INR. 1 Lac
12. Convert savings account balance above a certain amount into Term Deposits with Kotak ActivMoney
