Savings Account Fees and Charges for special projects

Privy Card / Goqii wearable payment rates will be applicable as mentioned above

*In case of migration/ regradation, fees mentioned for Debit card are subject to default classification of mentioned scheme codes. In case of upgrade/downgrade/classification change the same will be impacted.

An Annual Maintenance Fee and Issuance Fee for the PVR Debit Card issued to Corporate Salary Account holders will be applicable with effect from July 1, 2025.

Service fee for Overdraft Fixed Deposit Individual Account (ODFDS) & Overdraft Fixed Deposit Corporate Salary Account (ODFDC) would be same as Edge Savings Account & Edge Corporate Salary Account Respectively. However, there is no minimum AMB requirement in ODFDS or ODFDC. 

Fees for Kotak Composite Savings Account & Savings Account for Smart Home Loan (SBHLO) is same as Kotak Ace Savings Account

PVR Savings Account is the same as Edge Savings Account

Fee for Self - Operated Minor Savings Account is same as Nova Savings Account.

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.

<> In the event of a default in maintenance of Average Monthly Balance or regular salary credits as agreed between the bank and customer for the month (referred as ‘Default Month’), the bank will notify the customer clearly of the default and that either salary credit to be sighted or Average Monthly Balance for the account has to be met in the subsequent month (referred to as ‘Notice Month’) else the NMC (Non Maintenance fee) for both the ‘Default Month’ and ‘Notice Month’ will be recovered. 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.

Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges.

Fee applicable for Silk debit card will be same as Classic Debit card. Monthly physical statements will be issued free to account holders on them personally visiting the home branch for the same.

The Bank will charge cross-currency mark-up charge 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.

A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April 1,2019]

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.

Family Savings Account will enjoy waiver of NMC till such time the linked principal Salary account receive monthly salary credits or maintains the required product AMB. In the event of Principal salary account not receiving salary credit or maintaining the required AMB, the linked Family Savings account should maintain AMB of INR 10000. Failing which standard fee of Everyday account (CS PRO) would apply in the Family Savings Account

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

Debit Card fee are subject to salary credit. If salary credit not credited for 3 consecutive months, accounts with > 5 free transactions at other bank ATMs will be downgraded to only 5 transactions irrespective of the corporate offering. Program customers will be excluded from this exercise.

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

Debit Card Annual fee for Junior, Youth and Maestro Debit Cards will be same as Classic Debit card.

Please note that the Cash Pickup/ Delivery fee pertain to the “ Cash Pick-up/ Delivery” service offered to the customer. Additional fee for cash transactions shall be levied basis the Cash Transaction limits offered under the respective variant. The Cash pick-up amount shall be a part of the overall Cash transaction limits offered under the variant.

For Corporate salary account with S2W SELECT offering, the zero balance feature in your account is subject to regular monthly salary credit OR single credit transaction of minimum INR 10,000 per month through NEFT/RTGS only (Cash deposit, Cheque deposit and fund transfer from any other Kotak Bank account will not be considered). In case salary/funds are not credited, you are required to maintain Average Monthly 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

For detailed information on Savings & Corporate Salary Notes. Visit www.Kotak.com > Fees & fee (GSFC) > Important Notes of General Schedule Features & fee - For Savings & Corporate Salary Accounts. Link: /content/dam/Kotak/others/important-notes-of general-schedule-features.pdf State government taxes / Cess as applicable shall be charged.

^If there is no salary credit for 4 consecutive months, account shall be converted to Savings account variant. The AMB requirement, features, benefits & the charges shall be applicable as per the respective account variant.

#If there is no salary credit for 6 consecutive months, account shall be converted to Savings account variant. The AMB requirement, features, benefits & the charges shall be applicable as per the respective account variant

All fees for Mumbai Interbank Offered rate – Floating Rate Linked Savings Scheme are NIL.

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

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 :

@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