Everyday Savings Account | No Non Maintenance Charges*
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Introducing the Everyday Rupay Debit Card

Everyday-SA-card

Debit Card

Everyday Rupay Debit Card features

  • 1st year free Rupay Debit Card (No Issuance charges)
  • Higher Daily Limits for transaction within India and abroad: Rs. 3,00,000
  • Higher ATM Withdrawal Rs 1,00,000/-
  • Free Unlimited domestic transactions at Kotak Bank ATMs and 10 free ATM transactions on other bank ATMs per month
  • Higher Insurance Cover*
  • Higher Insurance Cover includes Lost Card Liability: Rs. 3,50,000 | Purchase Protection Limit: Rs. 1,00,000 | Lost Baggage Insurance: Rs. 1,00,000 | Air Accident Insurance: Rs. 50,00,000 | Personal Accidental Death Cover of up to Rs 15,00,000
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Spend Everyday, Save Everyday with these amazing offers

Disclaimer

* Customer induced transactions like Cash Deposit/Withdrawal, DD issuance, NEFT/RTGS/IMPS/UPI transactions, 5 ATM transactions (offus+onus),eCOM/Purchase transaction on Debit Card to be considered

All benefits are subject to terms, conditions and exclusions.

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. Limits apply.

3. Please click here for ActivMoney terms and conditions.

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Frequently Asked Questions

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What is everyday savings account?

Everyday savings account is a one of a kind savings account where you can save while you spend with every day deals on popular brands. Just do 30 transactions in a month and enjoy freedom from monthly balance maintenance

What is the interest rate offered by an Everyday Savings Account?

For Everyday Savings Account if daily balances in Savings Account is above Rs. 50 lakhs, it will earn 4% interest p.a. Where if the daily balances in Savings Account is up to Rs. 50 lakhs, it will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.

What are the eligibility criteria to open an Everyday Savings Account?

To apply for Kotak Mahindra Bank Everyday Savings Account, you should belong to any one of the below mentioned categories:
1) Resident Indian (Sole or Joint Account)
2) Hindu Undivided Families
3) Foreign Nationals Residing in India

What documents are required to open an Everyday Savings Account?

The following documents are required to open an Everyday savings account: 1) Identity Proof - Driving License, Passport, Voter's ID, Aadhaar Card
2) Address Proof - Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)
3) Signature Proof - PAN Card, Driving License, Passport
4) Latest Passport Size Photographs

Is there any monthly maintenance fee for an Everyday Savings Account?

Yes, the everyday savings account charges 6% of the shortfall in required AMB per month (Max upto Rs.600/-) – which can be waived, on transacting 30*times during the month

What are the benefits of opening an Everyday Savings Account?

The benefits of everyday savings account are as follows :
1) Say goodbye to Non Maintenance Charges - Transact* 30 times a month or maintain Average Monthly Balance of Rs. 20,000/- to get Non Maintenance charges (NMC) waived off.
2) Get a power-packed Debit Card - Enjoy exclusive offers and discounts on your Everyday Rupay Debit Card, every day of the week.
3) Rewards and incentive - Surprise rewards on achieving transaction milestones during the month.
4) Special Offers.on your Birthdays and completion of your anniversary with the bank