What is the minimum and maximum number of persons in family banking savings account?

Minimum 2 accounts are required to start My Family Savings Account. This Programme is offered for 6 Members with Pro Savings Account for Associate and Ace Savings Account for Key member of the family.

What are the rules of a joint account?

1) Only Resident individuals are eligible to enrol for My Family Savings Programme. 2) My Family Savings Programme is offered for 2 and/or 3 Members with Pro Savings Account. 3) My Family Savings Programme is offered for 4 Members with Edge, Pro, Nova Savings Account for Associate and Ace, Classic Savings Account for Key member of the family. 4) My Family Savings Programme is offered for 6 Members with Pro Savings Account for Associate and Ace Savings Account for Key member of the family 5) Minor account cannot be the Key member of the family 6) NR, Foreigners, Privy League and Private Banking customers are not eligible for My Family Savings programme Click here to know the eligibility for joint savings account

Who Cannot be primary account holder in family banking?

A minor cannot be a primary account holder in family banking account.

Find Out Family Saving Account Eligibility

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Products

Attractive Interest Rates

Earn 2.50%* interest on your savings account
balance^{^1}and grow your money faster

ActivMoney

Convert your Savings Account balance above a certain amount in to a Term Deposit and earn additional interest

Account Balance

Maintain Savings Account balance in one bank account or spread across accounts

Relationship Manager

Dedicated Relationship Manager^{^2}
for you and your family

Banking Privileges of My Family Savings Account

Enjoy services like cash pick-up and delivery, cheque delivery etc. from home
Free ATM usage for Pro and Ace savings account holders
25% off on issuance charge of travel card
Classic or Platinum Debit Card^{^3} with high withdrawal limits and exciting offers
Bank conveniently with Net Banking and Mobile Banking app
Insta Balance Service lets you know your savings account balance with a call
Transfer funds instantly with Immediate Payment Service (IMPS)

Programme Related Benefits

Grand

Cash back up to Rs. 4500* in a year on Debit Card spend
Home banking
Health card from IHO#

Click here to know more

Silk

Cash back up to Rs. 4500* in a year on Silk Debit Card Spends
35% discount on locker rental for the first year

Click here to know more

Junior

Personalized Junior ID Card
Enjoy exclusive offers on categories like food , shopping, edutainment, and wellness on your Junior Debit card

Click here to know more

Notes:

*Maximum cash back available for Ace Account, subject to meeting reward criteria.
#Only for Pro & Ace Account holders
The extant terms and conditions related to (Grand, Silk and Junior) will be applicable.

Disclaimer

1. Effective July 9th, 2025, daily balances in Savings Account across all account balances will earn 2.50% interest p.a. These interest rates are applicable for both Resident and Non-resident Accounts (NRE/NRO).

2. ^2 Subject to maintenance of AMB.

3. Debit card is available for kids above 10 years. These offers are subject to change and the vouchers will be sent post opening a Junior Account. Also, these vouchers are being offered by the respective merchants and not by Kotak Mahindra Bank Ltd

4. $ Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges

Sr. No.	Name of the Document (valid)	Identity Proof	Address Proof
1	Passport	Yes	Yes
2	Driving Licence	Yes	Yes
3	Aadhaar (Post e-KYC authentication by Bank)	Yes	Yes
4	Voter Id	Yes	Yes
5	Job Card issued by NREGA	Yes	Yes
6	Letter issued by National Population Register	Yes	Yes

My Family Savings Account Eligibility