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

Classic Savings Account Features - Kotak Mahindra Bank

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. And with priority service from your Relationship Manager, you can rest assured that taking care of your banking and investment needs will be made effortless.

Monthly Balance

Average Monthly Balance (AMB)
of Rs. 10,000/-

Attractive Interest Rates

Earn 4% interest
on your savings account balance¹

Free Platinum International Chip Debit Card

For further details , Please click

Demand Drafts

Free Demand Drafts⁴

ATM Cash withdrawals

Free access to all domestic VISA ATMs
Free cash withdrawals from
any Kotak branch across India

Cash pick-up/delivery

Free cash pick-up/delivery
Free instrument pick-up/delivery
(5 calls per month)

Kotak ActivMoney

Convert savings account balance
above a certain amount
into Term Deposits

More Features & Benefits

Free NEFT through Netbanking
Free cash withdrawals at other domestic ATMs³

Check your eligibility for the Classic Savings Account.

Explore more savings account options that best suit your needs.

Disclaimer

Nova/Classic Savings Account is available in Semi-urban/rural branches only.

1. 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.

2. Per transaction limit is Rs. 10,000/-.

3. In branch location free up to Rs. 1 lac, for other locations free up to Rs. 50,000/- per day.

All benefits are subject to terms, conditions and exclusions.

*Non chip enabled Debit Cards issued on or after December 1 , 2013, cannot be used outside India.

Classic Savings Account