Kotak Savings POA Product

New account opening for this variant is only applicable under Private Banking

Basic Service Fees
Transaction Fees
Transaction Failure Fees
Other Fees

Basic Service Fees

Fee type	Details	Kotak Upay savings Account
AMB (Average Monthly Balance)	NA	Nil
Non Maintenance Fee	Fee for non maintenance of minimum Monthly Average Balance	NA
Family Banking	NA	NA
DD / Cheque Book	DD	INR 4 / 1000 (Min INR 50, Max INR 10,000), for Senior citizen INR 3 / 1000
	FCY - DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return	NA
	At-par Cheque Book Fee	NA
Debit Card / ATM Usage Fee	Kotak Bank‘s ATM - Cash Withdrawal / Non Financial Transactions	NA
	Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##
	Transactions declined at merchant outlet / websites / ATMs, due to insufficient balance <>	NA
	Cash Withdrawal / Non-Financial Transactions at International ATMs +	NA
	Cardless cash withdrawal (IMT)	NA
	Dynamic Currency Conversion (DCC)	NA
Other Debit Card Related fee	Replacement of Lost /Stolen Debit Card	NA
Other Debit Card Related fee	Image Debit Card Issuance fee	NA

Transaction Fees

Fee type	Fee type	Kotak POA Product
Fund Transfers	NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)	NA
	NEFT / RTGS - Applicable only if done in Branch	NA
	IMPS	NA
Cash Transactions Fee	Cash Transaction at Branch / CDM (Cash Dispensing Machine) (Deposit or withdrawal)	Nil upto 1 transaction or 10,000 / month whichever is earlier. Post these limits, charged at INR 5 / 1000 with minimum INR 150
Debit Card Annual Fee/ Issuance Fee	Pay Shop More Debit Card / Dream Different 811 Debit Card	NA
	Silk Debit Card	NA
	Visa Platinum / My World Debit Card	NA
	Kotak PVR Debit Card	NA
	EveryDay Debit Card	NA
	Visa Signature Pro Debit Card	NA
	Privy League Platinum Card	NA
	Privy League Signature Card	NA
	Privy league Business Card	NA
	Privy League Neon Debit Card	NA
	Privy league LED Debit Card	NA
	Privy League Black Metal Debit card	NA
	Private Banking Infinite Debit Card	NA
	Goqii Wearable Payment	Issuance fee — INR 3499 & Annual fee — INR 259 from 2nd year onwards
	Default Card	NA
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
	DD Cancellation (INR)	NA
	Foreign Inward Remittance Certificate	NA
Other Fee	Temporary Over Draft	NA

Transaction Failure Fees

Fee type	Details	Kotak POA Product
Failure Fee	ECS / Cheque Issued & Returned (due to non availability of funds)	NA
	ECS Mandate Verification	Nil
	SI Failure	INR 100 / instance
	Cheque deposited and returned (INR)	NA
	Cheque Issued and Returned for Non-Financial Reason	NA

Other Fees

Fee type	Details	Kotak Upday Savings Account
Home Banking	Cash / Instrument - Pick Up / Delivery	NA
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
Statements & Alerts	Balances Value added alerts (Daily / Weekly)	50 Paisa/ SMS (Daily/ Weekly)
Forex Card	Issuance Fee	NA
Forex Card	Reload Fee	NA
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

Terms & Conditions:

outward Remittances - Individual	Standard Fee	Value of purchase or sale of Foreign Currency	Value on which GST rate will be applicable
Telegraphic Transfer fee (other than payment for import)	INR 1250 + Tax	Up to INR 1,00,000	1% of the gross amount of currency exchanges or minimum of INR250/-
Correspondent Bank Fee (Outward remittance wherein the foreign bank Fee are paid by remitter)	INR 1000 + Tax	Above INR1,00,000/- to INR10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000
Issue of FCY DD's	INR 750 + Tax	Above INR10,00,000/-	INR5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR60,000/-
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	0.125 %; minimum INR 1,000 +Tax

Cheque book / debit card will not be issued for this account variant.

Since this is a POA account, client induced transactions are not allowed.

In case of change of product variant,Debit card fees will be applicable as per default classification of the new scheme code.For details refer the product variant GSFC at www.kotak.com.

As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.

## Cash withdrawal limit from other Domestic ATM is INR 10000 per transaction.

#+ Top 6 Cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.

Mandatory Alerts will not be charged. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed.

Indo - Nepal Remittance Scheme (NEFT fee):

If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): INR 25 per txn (incl all taxes).

If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto INR 5000 - INR 75 per txn. & beyond INR 5000 - INR 100 per txn. (incl all taxes).

All Services, where a free limit is specified, usage beyond the free limit will be charged as per the standard charge of the respective service.

Any rejections in applications made through ASBA mode due to insufficient funds will attract fee of INR 350/- per rejection <>

+ Additional fee levied by another bank on international ATM transactions will also have to be borne by the card holder.

The above fee are subject to revision with a prior intimation of 30 days to all account holders Closure of account due to revision of fee will not be subject to account closure fee.

<> Penalty fee. Not applicable once the account becomes inoperative/ dormant.

Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change

Balance (AMB) as per the product variant to continue with account features and avoid non maintenance Fee. 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 Fee will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC

Fee 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.

State government taxes/ Cess as applicable shall be charged

W.e.f 1st July,2020; threshold as well as Rate of TDS applicable for CASH withdrawal will dependent on submission of proof of Income Tax Return filed. Revised TDS rates will be as under:

Aggregate Cash withdrawals in all accounts in a Financial Year	Income tax Return copy Submitted to Bank	Income Tax return copy Not Submitted to bank
Upto INR20 Lakhs	Nil	Nil
INR20 lakhs to INR 1 crore	Nil	2%@
In Excess of INR 1crore	2%@	5%@

.@If PAN is not updated in the account then the TDS deduction at the rate 20% as per section 206AA of the Income Tax Act will apply. For foreign companies, foreign partnership firms, Non-residents additional surcharge and health & education cess will be applicable as per Income Tax law.

###https://www.india.gov.in/spotlight/unique-disability-id

Effective 1st Nov, 24 a 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

Since this is a POA account, client induced transactions are not allowed.

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Other Savings Account Fees & Charges for existing Kotak Bank customers (Please note these account variants are no longer available for new account opening)