Find the Eligibility Criteria for Opening a Classic Savings Account

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Frequently Asked Questions

What is classic savings account?

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.

What is the minimum balance for classic account?

The minimum average monthly balance for Classic Savings account is Rs.10,000.

What are the features of classic savings account?

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 4% interest on your savings account balance1
3. Free access to all domestic VISA ATMs
4. Free Classic Debit Card
5. Free Net Banking, Mobile Banking and Phone Banking
6. Free cash pick-up/delivery (5 calls per month)
7. Free instrument pick-up/delivery (5 calls per month)
8. Free NEFT through Netbanking
9. Free cash withdrawals from any Kotak branch across India
10. Free cash withdrawals at other domestic ATMs
11. Free Demand Drafts
12. 50 % Discount on first year Demat AMC
13. Convert savings account balance above a certain amount into Term Deposits with Kotak ActivMoney