Pro Savings Account
Enjoy multiple benefits and premium banking services of a high-end
savings account, now at a much lower Average Monthly Balance (AMB).
savings account, now at a much lower Average Monthly Balance (AMB).
Be it an article you were reading, a product you were exploring or a journey you left unfinished, starting from where you left off is simpler than you can imagine. Just register for ‘Everything Me’ using any of your social media accounts and you are all set.
Please note, this is a soft login and no personal financial data will be saved here for security reasons.
You have logged in to Everything Me successfully
You have logged out from Everything Me successfully
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 account is the one for you.
Average Monthly Balance (AMB)
of Rs. 20,000/-
Earn up to 6% interest
on your savings account balance1
One NMC waived Account
for your family member2
From any Kotak branch
Daily purchase limit of Rs. 200000
and daily ATM cash withdrawal
limit of Rs. 50,000.
Convert savings account balance
above a certain amount into
Free Net Banking,
Mobile Banking and
1Conditions apply. Earn up to 6% p.a. interest on savings account balance over Rs. 1 Lakh and up to Rs. 5 Crores. Earn 5% p.a. interest on savings account balance up to Rs. 1 Lakh and 5.5% p.a. interest on savings account balance above Rs. 5 Crores.
Applicable for Resident Accounts only.
2NMC: Non-Maintenance Charge. NMC Waiver is applicable only if the principal Pro Account meets the stipulated Average Monthly Balance requirements.
3Per transaction limit is Rs. 10,000/-.
4In branch location free up to Rs. 1 Lakh, 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.
To apply for Kotak Mahindra Bank Pro Savings Account, you need to hold one of the following accounts with the bank:
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.
|Particulars||Pro / Classic|
|Average Monthly Balance (AMB)||Rs. 20,000 / 10,000|
|^# Applicable also to the various versions of Edge/ Pro/Ace/Platina/Nova /Classic from erstwhile ING Vysya Bank sourced after 31st March 2015. For details of these variants refer footnotes.|
|Non Maintenance Charge (NMC) - Monthly||If AMB. <=50% of required Product AMB||Rs. 500 / 450|
|If AMB >50% of required Product AMB but less than product AMB||Rs. 400 / 350|
|Fund Transfers||NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)||Nil Charges|
|NEFT / RTGS done through branch||Nil Charges|
|Cash Transactions||Cash Transaction at Branch / Cash Deposit Machine
(CDM) (Deposit or withdrawal)
|Nil Charges upto 5 transactions or 3 lac / month whichever is earlier. Post these limits, charged at Rs 3.5 / 1000
(Minimum Rs 150)
|Debit Card / ATM Charges||Debit Card Charges||Debit Fees as per Debit Card GSFC tailed below|
|Kotak Bank's ATM Financial / Non Financial Transactions||Nil Charges|
|Other Domestic ATMS - Financial / Non Financial Transactions ##||Nil Charges|
|Declined Transactions due to insufficient balance||Rs.25 / Transaction|
|Cash Withdrawal / Balance Enquiry at International ATM +||Rs.150 / Transaction|
|DD / Pay order / Cheque Book||DD / Pay Order||Nil Charges upto 100K; Post these limits (Rs.2.5 / 1000 (Min 50, Max 10000)|
|FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return||Rs. 500|
|At-par Cheque Book Charges||100 Chq leaves Nil Charges / Qtr; Thereafter Rs.3 / cheque leaf.|
|ECS / Cheque Issued & Returned (due to non availability of funds)||Rs.500 / instance|
|ECS Mandate Verification||Nil Charges|
|SI Failure||Rs.100 / instance|
|Cheque deposited and returned (INR)||Rs.100 / instance|
|Branch Requests||Duplicate Ad-hoc statement Balance & Interest Statement Foreign Inward Remittance Certificate, Duplicate Passbook Duplicate TDS Cerificate Through Branch or any other Record Retrieval Stop Payment - Single / Range of cheque thru branch DD / PO / BC Revalidation / Cancellation ( INR); Tax Collection thru branch; Regeneration of Pin ( sent through courier; Annual Combined Statement-Physical; Monthly Physical Statement||Nil Charges|
|Home Banking||Cash Or Instrument Pick Up / Delivery||Nil Charges for 2 Calls / month, thereafter Rs.150 per visit|
|Statements & Alerts||Statements||Email Statement (Monthly): Nil Charges; Physical Statement (Quarterly): Nil Charges|
|Balances and Transaction & Value added alerts (Daily / Weekly)||Daily SMS Rs. 30 / Qtr / Weekly SMS Rs. 15 / Qtr.|
|Other Charges||TODCheque Purchase charges Account Closure charges: (if closed after 1 month & before 6 months of A/C opening)||TOD: Rs.500; Cheque Purchase
Charges: 0.5 / 1,000
(Min 50; Max 10,000);
Account Closure charges: 600
|Complimentary Services||Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation||Nil Charges|
|GST on Foreign Currency Conversion Charges (FCY) ~||Pro/Classic*^|
|Value of purchase or sale of Foreign Currency||Value on which GST rate will be applicable||SAPRO (Profile Product Code 1029) PRO SAVINGS ACCOUNT|
|Up to Rs 1,00,000||1% of the gross amount of currency exchanges or minimum of Rs.250/-||SACLS (Profile Product Code 1028) CLASSIC SAVINGS ACCOUNT|
|SAGPR (Profile Product Code 1035) GRAND PRO
|Above Rs.1,00,000/- to Rs.10,00,000/-||1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.|
|SAGCL (Profile Product Code 1034) GRAND CLASSIC SAVINGS ACCOUNT|
|Above Rs.10,00,000/-||Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/-|
|SAJPR (Profile Product Code 1047) MY JUNIOR PRO
|SAJCL (Profile Product Code 1046) MY JUNIOR CLASSIC SAVINGS ACCOUNT|
|SASPR (Profile Product Code 1041) SILK PRO SAVINGS ACCOUNT|
|SASCL (Profile Product Code 1040) SILK CLASSIC SAVINGS ACCOUNT|
|Particulars||Pro / Classic|
|Debit Card Annual Charges||Classic Debit Card Primary||Nil Charges|
|Classic Debit Card Add On||Rs. 150|
|Silk Classic Debit Card Primary||Rs. 250|
|Gold Debit Card Primary||Nil Charges for 1st year, thereafter Rs. 250 p.a|
|Gold Debit Card Add on||Rs. 500|
|Platinum Debit Card Primary||Nil Charges for 1st year, thereafter Rs. 250 p.a|
|Platinum Debit Card Add On||Rs. 750|
|World Debit Card (available for ING Vysya Variants Only)||Nil Charges for 1st year, thereafter Rs. 250 p.a|
|Other Debit Card Related Charges||Replacement of Lost Debit Card||Rs. 200|
|Replacement of Damaged Debit Card||Nil Charges|
|Image Debit Card Issuance Charge||Rs. 199|
|"As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.|
|##Cash withdrawal limit from other Domestic ATM is Rs. 10,000 per transaction.|
|Transaction and Value Added SMS alerts would be sent at Nil Charge to the customers who have subscribed for Daily / Weekly. Balance Alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent at Nil Charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed.|
|**Indo - Nepal Remittance Scheme (NEFT Charges):|
|If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes).|
|If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto Rs. 5,000 Rs. 75 per txn & beyond Rs. 5,000 Rs. 100 per txn (incl all taxes).|
|Savings Nova and Savings Classic are available in Rural and Semi-Urban Branches. Service Charges & AMB requirement for 'Savings Account for Minors without Guardian' & 'Synergy Savings Account' will be same as 'Nova Savings Account'. Service Charges for 'Kotak Composite Savings Account' will be same as 'Ace Savings Account'.|
|The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction.|
|Charges are exclusive of the Goods and Service Tax (GST).|
|With effect from July 1,2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.|
|+Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder.|
|The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges.|
|The above charges are applicable for all states other than Jammu & Kashmir. GST is applicable in the State of Jammu & Kashmir. For charges applicable to Jammu & Kashmir please contact the respective Branch Manager.|
|<> Penalty charges. Non-maintenance charges (NMC) is not applicable once the savings account becomes inoperative / dormant.|
|With effect from April 1, 2015: In the event of a default in maintenance of Average Monthly Balance as agreed to between the Bank and customer for the month (referred as Default Month), the Bank will notify the customer clearly of the default and that the Average Monthly Balance for the account has to be met in the subsequent month (referred to as Notice Month). If the AMB is still not maintained in the Notice Month, the NMC (Non Maintenance Charges) for both the Default Month and Notice Month will be recovered in the subsequent month. The Bank may choose to notify by SMS / email / letter. It will be the responsibility of the customer to have a valid email id, mobile number and address updated with the Bank at all times, failing which, customer may not receive the notification/s. The NMC charges will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC. In case of accounts sourced under promotional offering and enjoying conditional NMC waiver, the terms and conditions of such promotional offering shall prevail."|
(Original for verification and self-attested copies for submission)
|Identity Proof||PAN Card, Driving License, Passport, Voter's ID, Aadhaar Card|
|Addres Proof||Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)|
|Signature Proof||PAN Card, Driving License, Passport|
|Latest Passport Size Photographs (4 copies)|
The minimum Average Monthly Balance requirement in a Pro Savings Account is Rs. 20,000/-.
To apply for Kotak Mahindra Bank savings account you need to hold any of the following accounts with the Bank:
It is power packed with lot of features, which are as follows:
You have access to a number of channels to track the transactions in your account:
Following are the rates:
Do you consider yourself as an expert in online shopping? Compare your shopping knowledge and share your thoughts