Edge Savings Account

With the Edge Savings Account, you can enjoy the best of regular, as well as privileged services, to give you a truly memorable banking experience. So enjoy free access to all domestic VISA ATMs, or carry out NEFT transaction from your phone, all with one savings account.

Monthly Balance

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

Attractive Interest Rates

Enjoy attractive interest rates up to 4%* on your Edge Savings Account
balance¹

Cash withdrawals

Free access to all domestic VISA ATMs. Get up to five transactions per
month²
Enjoy Free cash withdrawls at our ATMs

Classic Debit Card( Standard Charges)

Make your everyday payments with ease using our Classic Debit Card. For further information, please click

Kotak ActivMoney

Convert savings account balance
above a certain amount into
Term Deposits with Kotak ActivMoney

Free at-par cheque

Enjoy upto 25 free cheque leaves per quarter using Kotak Bank's Edge Savings Account

Digital Banking

Enjoy Free Phone Banking, Net Banking and Mobile Banking

Free NEFT/RTGS

No charges on NEFT when you transact through Net Banking

Helpful Advice:

Kotak Mahindra Bank has discovered that a majority of the people choosing a Kotak Edge Account actually end up maintaining the Average Monthly Balance required to maintain a Kotak Pro Savings Account. It may be in your interest to choose the Kotak Pro Savings Account, and make the most of the extra advantages & free services!

Check your eligibility for the Edge Savings Account.

Explore more savings account options that best suit your needs.

Disclaimer

1. W.e.f. May 25, 2020, interest rate on daily balances in Savings Account stands revised as follows: Daily balances in excess of Rs. 1 lakh will earn 4% interest p.a. and daily balances up to Rs. 1 lakh will earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.

Example: If End of Day Savings Account balance is Rs. 1,50,000, then Rs. 1,00,000 will earn interest of 3.50% p.a. and Rs. 50,000 (being the balance in excess of Rs. 1,00,000), will earn interest of 4.00% p.a.

2. Limits apply.

All benefits are subject to terms, conditions and exclusions.

Frequently Asked Questions

How is the Average Monthly Balance (AMB) requirement calculated for savings account?

Average Monthly Balance is calculated by dividing the sum of all ‘End of Day’ balances in a month by the number of days in that month.

Average Monthly Balance is calculated by dividing the sume of all ‘End of Day’ balances in a month by the number of days in that month.

Please refer the following illustration for the calculation of AMB.

Sample Bank Statement:

Sr. no.	Date	Narration	Withdrawal	Deposit	Closing balance
1	January 1^st, 2012	Opening Balance			Rs. 10,000/-
2	January 10^th, 2012	ECS Credit-VD		Rs. 10,000/-	Rs. 20,000/-
3	January 16^th, 2012	Cash Withdrawal	Rs. 5,000/-		Rs. 15,000/-
4	January 25^th, 2012	Cheque Deposit- MICR Clearing		Rs. 20,000/-	Rs. 35,000/-
5	January 28^th, 2012	HPCL Petrol Pump POS 43860000000012	Rs. 1,000/-		Rs. 34,000/-
6	January 30^th, 2012	Cash Deposit Mumbai		Rs. 9,000/-	Rs. 43,000/-
7	January 31^st , 2012	Funds Transfer	Rs. 25,000/-		Rs. 18,000/-

AMB Calculation:

Sr. No.	Time Period	Calculation	Amount (Rs.)
1	EOD Balance from January 1^st, 2012 to January 9^th, 2012	Rs. 10,000/- x 9	Rs. 90,000/-
2	EOD Balance from January 10^th, 2012 to January 15^th, 2012	Rs. 20,000/- x 6	Rs. 1,20,000/-
3	EOD Balance from January 16^th, 2012 to January 24^th, 2012	Rs. 15,000/- x 9	Rs. 1,35,000/-
4	EOD Balance from January 25^th, 2012 to January 27^th, 2012	Rs. 35,000/- x 3	Rs. 1,05,000/-
5	EOD Balance from January 28^th, 2012 to January 29^th, 2012	Rs. 34,000/- x 2	Rs. 68,000/-
6	EOD Balance for January 30^th, 2012	Rs. 43,000/- x 1	Rs. 43,000/-
7	EOD Balance for January 31^st , 2012	Rs. 18,000/- x 1	Rs. 18,000/-
	Total EOD balances for the month January 2012		Rs. 5,79,000/-
	Divide by the no. of days in the month		31
	Average Monthly Balance (AMB)		Rs. 18677.42/-