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For Kotak Bank Customers
For Kotak811 Customers
Experience the all-new Kotak Netbanking Lite
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New account opening for this variant is only applicable under Private Banking
| Fee type | Details | Kotak Ace Savings Account-wealth |
|---|---|---|
| AMB (Average Monthly Balance) | Average Monthly Balance (AMB) | INR 50,000 |
| Non Maintenance Fee | Fee for non maintenance of minimum monthly average balance |
6% of the shortfall in required AMB per month (Max upto INR 600/-) |
| Family Banking | NA | NA |
| Cheque Book | FCY - DD/ TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return |
INR 500 / instance |
| At-par Cheque Book Fee | Free up to 100 Cheque Ieaves per year thereafter INR 3/ cheque leaf | |
| Debit Card / ATM Usage Fee | Kotak Bank‘s ATM - Cash Withdrawal / Non Financial Transactions | Nil Charges upto 30 transactions per month (Financial + Non-Financial on Kotak ATM + other Bank ATM), thereafter INR 23 per Financial txn and INR 10 per Non-Financial txn |
| Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ## |
||
| Transactions declined at merchant outlet / websites / ATMs, due to insufficient balance <> |
INR 25 / Transaction at Non-Kotak ATM | |
| Cash Withdrawal / Non-Financial Transactions at International ATMs + | INR 150 per cash withdrawal transaction & INR 25 per non-financial transaction | |
| Cardless cash withdrawal (IMT) | Nil up to 1 transaction per month and subsequent transactions will be charged INR 10/- per transaction | |
| Dynamic Currency Conversion (DCC) | Mark-up fee of 1% plus GST will be applicable on your Kotak Bank Debit Card for transactions done in Indian currency (INR) at international locations or transactions done in Indian currency (INR) with merchants located in India but registered in an international locations. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions. | |
| Other Debit Card Related fee | Replacement of Lost /Stolen Debit Card | NIL |
| Image Debit Card Issuance fee | Image Debit Card - INR 199 | |
| Fee type | Fee type | Kotak Ace Savings Account- Wealth |
|---|---|---|
| Fund Transfers | NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking) | Nil |
| NEFT / RTGS - Applicable only if done in Branch | Nil | |
| IMPS | Nil | |
| Cash Transactions Fee | Cash Transaction at Branch / CDM (Cash Dispensing Machine) (Deposit or withdrawal) |
Nil upto 5 transactions or 5 lac / month whichever is earlier. Post free limits, charged at INR 5 / 1000 with minimum INR 150 |
| Debit Card Annual Fee/ Issuance Fee | Pay Shop More Debit Card | Nil |
| Silk Debit Card | Nil | |
| Visa Platinum / My World Debit Card | Nil | |
| Kotak PVR Debit Card | 499.0 | |
| EveryDay Debit Card | INR 259* | |
| Visa Signature Pro Debit Card | 750.0 | |
| Privy League Platinum Card | 750.0 | |
| Privy League Signature Card | 750.0 | |
| Privy league Business Card | 750.0 | |
| Privy League Neon Debit Card | 1500.0 | |
| Privy league LED Debit Card | 2500.0 | |
| Privy League Black Metal Debit card | 5000.0 | |
| Private Banking Infinite Debit Card | 1500.0 | |
| Goqii Wearable Payment | Issuance fee — INR 3499 & Annual fee — INR 259 from 2nd year onwards |
|
| Default Card | Visa Platinum Debit Card | |
| Branch Request | Duplicate Ad-hoc statement, Duplicate Passbook, TDS Certificate Through Branch or any other Record Retrieval, Stop Payment - Single / Ranpe of cheque through branch; DD Revalidation; PO / BC Revalidation / Cancellation (INR); Annual Combined 5latement-Physical; Monthly Physical Statement; |
NIL |
| Foreign Inward Remittance Certificate | Nil | |
| Regeneration of PIN (sent through courier) | Nil | |
| Other Fee | Temporary Over Draft | TOD: INR 500; |
| Fee type | Details | Kotak Ace Savings Account- Wealth |
|---|---|---|
| Failure Fee | ECS / Cheque Issued & Returned (due to non availability of funds) | INR 500 / instance |
| ECS Mandate Verification | Nil | |
| SI Failure | INR 100 / instance | |
| Cheque deposited and returned (INR) | INR 200 / instance | |
| Cheque Issued and Returned for Non-Financial Reason | INR 50 / instance |
| Fee type | Details | Kotak Ace Savings Account- Wealth |
|---|---|---|
| Home Banking | Cash / Instrument - Pick Up / Delivery | NIL |
| Complimentary Services | Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Cenificate Photo Attestation Address Confirmation, Balance & interest Statement, Regeneration of PIN of Net Banking / Phone Banking / Debit Card courier), Account Closure, Cash / Instrument Pick up / Delivery / KYC Pick Up |
Nil |
| Statements & Alerts | statements | Email Statement (Monthly): Nil Physical Statement (Quarterly): Nil |
| Balances Value added alerts (Daily / Weekly) | 50p. per SMS (Daily ) & Weekly-Nil | |
| Forex Card | Issuance Fee | Rs 250 (exclusive of GST) |
| Reload Fee | Rs 75 ( exclusive of GST) | |
| Foreign Exchange Services (FES) - Outward Remittances - Individual Fee | Telegraphic Transfer Fees (other than payment for imports) | NA |
| Correspondent Bank Fees (Outward remittance wherein the foreign bank Fees are paid by remitter) | NA | |
| Issue of FCY DD's | NA | |
| Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account) | NA | |
| GST on Foreign Currency Conversion Fee (FCY) ~ | Value of purchase or sale of Foreign Currency | NA |
| Up to INR 1,00,000 | NA | |
| Above INR1,00,000/- to INR10,00,000/- | NA | |
| Above INR 10,00,000/- | NA |