Pro Savings Account

Pro Savings Account

With the Pro Savings Account, you can avail premium banking services and a plethora of benefits, all at a much lower Average Monthly Balance. So if you’re interested in making the most of banking benefits, while enjoying unmatched free services, this savings account is the one for you. With ease in eligibility criteria, it is very easy to open this savings account.

Monthly Balance

Average Monthly Balance (AMB)
of Rs. 20,000/-

Attractive Interest Rates

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

Free Cash Withdrawals

Free access to all domestic VISA ATMs, Free cash withdrawals at our ATM Branches across India

Free Platinum International Chip Debit Card( for 1st Year)

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

Kotak ActivMoney

Convert your Savings Account balance above a certain amount into Term Deposits with Kotak ActivMoney

Digital Banking

Free Net Banking,
Mobile Banking and
Phone Banking

More Features & Benefits

Free access to all domestic VISA ATMs
Free cash withdrawals at other domestic ATMs³
Free Home Banking Facility ^
Free Demand Drafts⁴
Free NEFT through Netbanking

Check your eligibility for the Pro Savings Account.
Explore more savings account options that best suit your needs.

Disclaimer

1 Conditions apply. W.e.f. Jun 19, 2021, daily balances in Savings Account up to Rs. 1 lakh will continue to earn 3.50% p.a. interest. Interest rate of 4% p.a. will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 50 lakhs while interest rate on daily balances in Savings Account above Rs. 50 lakhs stands revised at 3.50% 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.

3 Per transaction limit is Rs. 10,000/-.

4 In branch location free up to Rs. 1 lac, for other locations free up to Rs. 50,000/- per day.

All benefits are subject to terms, conditions and exclusions.

*Non chip enabled Debit Cards issued on or after December 1, 2013, cannot be used outside India.

* ^ Please refer the GSFC for complete details

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/-