Nova Savings Account
Enjoy the flexibility to bank according to your needs with Nova Savings Account's
customized banking services.

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Enjoy the flexibility to bank according to your needs with Nova Savings Account's
customized banking services.
The Nova Savings Account is a unique savings account that lets you manage all your financial needs anytime. Enjoy the complete financial package with free NEFT and other benefits just for you. With ease in eligibility criteria, it is very easy to open this savings account.
Average Monthly Balance (AMB)
of Rs. 5,000/-
Earn FD like interest in your Savings Account with ActivMoney, click here to know more
Free access to all domestic VISA ATMs
Free cash withdrawals at
Kotak Bank ATMs
Make your everyday payments with ease using PayShopMore Card. For further information,
Please click
Convert savings account balance above a certain amount into Term Deposits with Kotak ActivMoney
Enjoy upto 25 cheque leaves free per Year using Kotak Bank's Nova account
Free NEFT/RTGS (only through Net Banking)
Free Phone Banking, Net Banking and Mobile Banking
Check your eligibility for the Nova Savings Account.
Explore more savings account options that best suit your needs.
Nova/Classic Savings Account is available in Semi-urban/rural branches only.
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 Limits apply.
3 Please click here for ActivMoney terms and conditions.
**Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges
All benefits are subject to terms, conditions and exclusions.
To apply for Kotak Mahindra Bank Nova Savings Account you need to hold any one of the following accounts with us
Know the fees and charges for the Nova Savings Account.
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1 Foreign nationals (resident in India), should obtain an undertaking in form QA 22 duly signed by all the persons (irrespective of nationality) who are authorised to operate on the accounts. Fresh declarations will be necessary in the event of any addition to the list of persons authorised to operate on the accounts. Form QA 22 need not be completed by foreign nationals of non-Indian origin permanently resident in India and foreign nationals of Indian origin (other than those who are residing in India for employment of specified duration irrespective of the length thereof or for a specific job or assignment, the duration of which does not exceed three years) and foreign-born wives of Indian nationals and of persons of Indian origin resident in India.
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 |
Explore more savings account options that best suit your needs.
You can apply for Nova savings account online as well as by visiting our nearest branch. Nova/Classic Savings Account is available in Semi-urban/rural branches only. Click on the following link to apply online : https://kapps.kotak.com/kotakXpress/xpress/xpress-home.action?pid=NOV
Basic fees like Non Maintenance Charges, cash transaction/withdrawal charges, DD/Chequebook charges, branch request charges etc. are associated with the Nova Savings Account, for more details please visit :/content/kotakcl/en/personal-banking/accounts/savings-account/nova-savings-account/fees-and-charges.html
Nova savings account allows you to enjoy unlimited withdrawls in our ATMs. However for withdraws from other domestic ATMs there are Nil Charges upto 3 txns(In Top 6 Cities) & 5 Txn (Non-Top Cities) per month thereafter Rs. 21 per cash withdrawal & Rs. 8.5 per
Non-Financial Txns
Sr. No. | Name of the Document | 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 |