Silk Women's Savings Account | Savings Account for Women - Kotak Mahindra Bank

Financial Privileges

  • Junior account through linked RD or SIP
    For NMC# waiver in Junior Account Minimum monthly RD or MF-SIP instalment value of Rs. 1000/-; Minimum tenure of 36 months. Maximum cap on RD monthly instalment : Rs. 25,000 for tenure up to 120 months / Rs. 1,00,000 for tenure up to 36 months
  • Discount on Lockers
    35% discount is applicable to all Silk Programme customers till 31st March of the subsequent financial year from date of allotment.
  • Higher Debit Card Withdrawal Limits
    With our Kotak Silk Debit Card, spend without worry, anywhere, anytime. Enjoy the advantage of higher withdrawal limits with no annual fees on Ace Accounts

    Additional features of Kotak Silk Debit Card

  • Silk POS Limit Rs. 2,00,000
    Silk ATM Withdrawal limit Rs. 40,000-Domestic
    Rs. 50,000-International
    Lost Card Liability upto Rs.3,50,000/-
    Purchase Protection
    upto Rs.2 ,00,000/-
    Debit Card Type Platinum card
    Personal Accidental Death Cover
    Classic Silk Debit Card
    Platinum Silk Debit Card

    Coverage – 2lakh *
    Coverage up to 25 lakhs* (Enhanced Cover)
    Lost baggage Insurance upto Rs. 1,00,000/-
    Air Accidental Death Insurance upto Rs. 50 lakhs

  • *Click here for terms and conditions
  • Now get more from the bank as you keep less in the bank. As per the Union Budget 2012 interest earned up to Rs.10,000 from your Savings Account, is now tax free under section 80TTA of the Income Tax Act, 1961.

    Average Savings Account balance required to avail of this exemption:
  • Ordinary account (3.25 % p.a.)
    Kotak account (up to 4% p.a.)
    Rs. 3.07 lakhs Rs. 2.5 lakhs


* Subject to maintenance of Average Monthly Balance in the Silk Account

^ Subject to availability.

# Non Maintenance Charge

Exclusive Privileges

With Kotak Mahindra Bank you can avail great offers round the year from our key partners. Choose from offers across categories including restaurants, travel, shopping, electronics, health & wellness, entertainment etc as well as special EMI offers.

To find out the latest offers available on women's savings account click here

Check out additional Kotak Bank Savings Account products by clicking here


  • Experience Kotak Rewards** feature where you can earn up to 1500 Kotak Reward Points on purchases carried out through your Silk Platinum Debit Card and redeem points across categories like groceries, apparel, jewellery, hotel, dining etc. T&C Apply.
  • Rewards details on Silk Platinum Debit Card spends are listed below (w.e.f. 1stJune 2022)


Below are the details of Reward Points:

Minimum Spends per month

Reward Points per month
1 Kotak Reward point=Rs 0.25

Rs. 7,500 - Rs. 15,000


Rs. 15,001 - Rs. 25,000


Rs. 25,001 & above


**Rewards are subject to meeting of minimum Spends criteria. Spends should be on domestic and international merchant transactions done on your Silk Platinum Debit Cards. The Reward Points will be credited once in a month in your Kotak Rewards Account when the Spends criteria is met. Validity of Reward Points will be 1 year from the date of credit. Details of the same will be communicated through email and SMS. ATM Cash withdrawals are not eligible for rewards.

Key Partners



W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.

*TnC Apply

*The Two Wheeler loan is provided by KMPL


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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.





Closing balance


January 1st, 2012

Opening Balance



Rs. 10,000/-


January 10th, 2012

ECS Credit-VD


Rs. 10,000/-

Rs. 20,000/-


January 16th, 2012

Cash Withdrawal

Rs. 5,000/-


Rs. 15,000/-


January 25th, 2012

Cheque Deposit- MICR Clearing


Rs. 20,000/-

Rs. 35,000/-


January 28th, 2012

HPCL Petrol Pump POS 43860000000012

Rs. 1,000/-


Rs. 34,000/-


January 30th, 2012

Cash Deposit Mumbai


Rs. 9,000/-

Rs. 43,000/-


January 31st , 2012

Funds Transfer

Rs. 25,000/-


Rs. 18,000/-

AMB Calculation:

Sr. No.

Time Period


Amount (Rs.)


EOD Balance from January 1st, 2012 to January 9th, 2012

Rs. 10,000/- x 9

Rs. 90,000/-


EOD Balance from January 10th, 2012 to January 15th, 2012

Rs. 20,000/- x 6

Rs. 1,20,000/-


EOD Balance from January 16th, 2012 to January 24th, 2012

Rs. 15,000/- x 9

Rs. 1,35,000/-


EOD Balance from January 25th, 2012 to January 27th, 2012

Rs. 35,000/- x 3

Rs. 1,05,000/-


EOD Balance from January 28th, 2012 to January 29th, 2012

Rs. 34,000/- x 2

Rs. 68,000/-


EOD Balance for January 30th, 2012

Rs. 43,000/- x 1

Rs. 43,000/-


EOD Balance for January 31st , 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




Average Monthly Balance (AMB)


Rs. 18677.42/-

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What is the ActivMoney facility?

Through this facility you can earn a much higher interest on your idle funds in the Savings Bank Account.

The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.

The advantages of this facility are:

  •         Higher rate of interest earned.
  •         You need NOT track idle funds regularly & give instructions to the bank to create Term Deposits out of Savings Account balances.
  •         Greater Flexibility & Liquidity as the funds flow back into the Savings Account if the balance in the Savings Account falls below a particular level.

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Who can open a Savings Bank Account

To apply for Kotak Mahindra Bank Pro Savings Account, you should belong to anyone of the following categories

  • Resident Indian (Sole or Joint Savings Account)
  • Hindu Undivided Families
  • Foreign Nationals Residing in India1

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How can I change my Home Branch?

Go to Get Help section in Website > Service Request > View All. Select Change of Home Branch Request. User to enter Login credentials and the OTP received. User can change the Home Branch at CRN level (all savings accounts) or at a savings account level.

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How can I know more about fees and charges applicable on my savings account?

You can get complete details about the fees and charge applicable on your savings account by referring the ‘Fees and Charges’ tab in the savings account section of our website.

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