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

Debit Card

Everyday Debit Card features

  • Enjoy exciting offers on your favorite brands
  • Daily Purchasing limit of up to Rs. 3,00,000 and ATM withdrawal limit of up to Rs. 1,00,000
  • Complimentary Insurance covers
  • Contactless Payments
Click here to know more about Everyday Debit Card

 

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. Effective Oct 17,2024, daily balances in Savings Account up to Rs. 5 lakhs will earn 3% interest p.a. Daily balances above Rs. 5 lakhs & up to Rs. 50 lakhs; and above Rs. 50 lakhs will continue to earn 3.50% and 4% interest p.a. respectively. These interest rates are applicable for Resident Accounts only.

2. Limits apply.

3. Please click here for ActivMoney terms and conditions.

Ready to take the next step?

Frequently Asked Questions

What is everyday savings account?

Everyday savings account is a one of a kind savings account where you can save while you spend with deals on popular brands such as Zomato, Blinkit, MakeMyTrip, EazyDiner, BookMyShow etc.

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

For Everyday Savings Account if daily balances in Savings Account is up to Rs. 5 lakhs, it will earn 3% interest p.a. Whereas if the daily balances in Savings Account is above Rs. 5 lakhs & up to Rs. 50 lakhs; and above Rs. 50 lakhs, it will continue to earn 3.50% and 4% interest p.a. respectively. 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/-) 

What are the benefits of opening an Everyday Savings Account?

The benefits of everyday savings account are as follows :

  1. Treat yourself to exciting rewards - Transact and earn vouchers worth up to Rs.250* every month
  2. Get a power-packed Debit Card - Enjoy exclusive offers and discounts on popular brands with your Everyday Debit Card
  3. Special offers.on your birthdays and completion of your anniversary with the bank


Convert excess savings to term deposits via Kotak ActivMoney

  • AMB for Metro/Urban/Semi-Urban/Rural – Rs. 10,000