What documents are required to open a bank account for housewife?

Sr. No. Name of the Document (valid) Identity Proof Address Proof 1 Passport Yes Yes 2 Driving Licence Yes Yes 3 Aadhaar (Post e-KYC authentication by Bank) Yes Yes 4 Voter Id Yes Yes 5 Job Card issued by NREGA Yes Yes 6 Letter issued by National Population Register Yes Yes

What are the benefits of women bank account?

The benefits of Silk Savings Programme are as follows: 1) Kotak Rewards - Avail upto 1500 kotak rewards on deibt card spends. 2) Exclusive Offer - 10% off on a minimum spend of Rs.2000 on NYKAA (maximum discount Rs.250) 3) Community Access - Access to a community that will help women master the art of personal finance (@silk.moneymatters) 4) Kotak ActivMoney - Earn FD like interest in your Savings Account with ActivMoney. 5) Dedicated Query Resolution & Services -Dedicated toll free number 80-69-69-5555 for query resolution along with doorstep banking like cash pick-up and delivery, cheque/draft delivery, etc. at your home with Kotak Bank’s Silk Savings Programme

What is the difference between regular saving account and women saving account?

A regular savings account can be opened by anyone above the age of 18, whereas Silk Savings Programme can only be opened by resident indian women customer over the age of 18 years and comes with exclusive benefits and offers.

Terms & Conditions for Silk Women's Savings Account

Q: What is women saving account?

The Kotak Mahindra Bank Silk - Women Savings Account programme provides women with the best of offers in finance, dining, health and lifestyle, empowering them to do more.

Q: What is the eligibility criteria for opening Women Savings Account?

Silk Savings Programme - The saving account for women is offered to only resident Indian woman customers above 18 years of age where primary account holder should be a woman in case of joint account.

Q: What is the interest rate for savings for women?

Effective April 25,2025, daily balances in Savings Account up to Rs. 50 Lakh will earn 2.75% interest p.a. and above Rs. 50 Lakh will earn 3.25% p.a. respectively. These interest rates are applicable for both Resident and Non Resident Accounts (NRE/ NRO)

Silk - Women’s Saving Account

The Kotak Mahindra Bank Silk programme provides women with the best of offers in finance, dining, health and lifestyle, empowering them to do more.

Kotak Rewards

Earn up to 1500 Kotak Reward Points on purchases carried out through your Silk Platinum Debit Card

Exclusive offers

Flat 10% off on a minimum spend of Rs. 2000 on NYKAA (maximum discount Rs. 250)

Silk Money Matters

Access to a community that will help women master the art of personal finance (@silk.moneymatters)

Kotak ActivMoney

Earn FD like interest in your Savings Account with ActivMoney click here to know more

Dedicated Query Resolution desk

Dial 80-6969-5555 toll free for all queries

Services

Enjoy doorstep banking like cash pick-up and delivery, cheque/draft delivery, etc. at your home with Kotak Bank’s Silk Savings Programme

Silk Privileges

Exciting Offers

Nykaa - 10% off on a minimum spend of Rs. 2000 – max Rs. 250

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

Kotak ActivMoney

Earn FD like interest rate upto 6.50% with your SILK Savings Programme. Sweep in Sweep out limit as per variant. click here to know more

Preferential pricing on banking products

50% discount on Locker rental for the first year for every Silk Women’s Savings Account
Rs. 999 flat processing fee on Personal Loan
Up to 100% On-road funding on Car Loan
Flat ROI @ 9.49% p.a. and zero processing fee on Two-Wheeler loan
Zero Processing Fee on Gold Loan

Always by your side

1800 266 2666 (24*7, call charges apply)
Access to Silk Money Matters, a community that will help women master the art of personal finance

Silk Platinum Debit Card

The Kotak Silk Platinum Debit Card has been designed keeping in mind the needs of the new age Woman. It comes with a host of offers on brands across categories, reward points on debit card spends and features that will ensure utmost convenience.

Enjoy daily purchase limit of Rs. 2,00,000
Get domestic daily ATM withdrawal limit of Rs. 40,000 and international daily ATM withdrawal limit of Rs. 50,000
Kotak rewards
- 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.
- Rewards details on Silk Platinum Debit Card spends are listed below
  
  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
  
  400
  
  Rs. 15,001 - Rs. 25,000
  
  1000
  
  Rs. 25,001 & above
  
  1500
  
  Rewards are subject to meeting of minimum spends criteria. Spends should be on domestic merchant transactions using Debit Card. The reward points will be credited every month for the previous calendar month in your Kotak Rewards account. Validity of reward points will be 1 year from the date of credit. Details of the same will be communicated through email on registered email id and SMS on registered number. ATM cash withdrawals are not eligible for Rewards. Accrued Reward Points for the last month’s spends will be available in Kotak Rewards Portal latest by 15th of the subsequent month.
Insurance facility
- Liability of lost card- Up to Rs. 3.5 Lakhs
- Purchase Protection Limit- Up to Rs. 1 Lakh
- Personal Accidental Death Cover-Up to Rs. 15 Lakhs
- Lost Baggage Insurance- Rs. 1 Lakh
- Accidental Air Death Insurance- Up to 50 Lakhs

Key Partners

Disclaimer

1. Effective April 25, 2025, daily balances in Savings Account up to Rs. 50 Lakh will earn 2.75% interest p.a. and above Rs. 50 Lakh will earn 3.25% p.a. respectively. These interest rates are applicable for both Resident and Non Resident Accounts (NRE/ NRO).

2. ^*TnC Apply

3. ^*The Two Wheeler loan is provided by KMPL

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

Eligibility Criteria

Silk Savings Programme is offered to only resident Indian woman customers above 18 years of age.
Sole or Joint Account- Primary account holder should be a woman in case of joint account
Silk Savings Programme cannot be offered to Minors, Non Residents, Foreigners, Customer having Small or BSBDA accounts

Check the fees and charges for the Silk Woman Savings Account.
Explore more savings account options that best suit your needs.

Disclaimer

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.

Silk Savings Programme customers are eligible to avail non-maintenance charge waiver in their savings account if they meet the below criteria w.e.f 1^st June 2023

Savings Product Balance Requirement (Silk programme customers only)	Existing balance requirement in Savings (Rs)	Balance criteria (one of the below)
	Existing balance requirement in Savings (Rs)	Savings AMB Requirement (Rs)	Term Deposit Value (Rs)
Everyday	20,000	10,000	50,000
Nova	5,000	5,000	25,000
Edge	10,000	10,000	50,000
Classic	10,000	10,000	50,000
Pro	20,000	20,000	100,000
Ace	50,000	50,000	250,000

TD tenor has to be greater than or equal 6 months. Term Deposit includes, Fixed deposit and recurring deposits
The primary holder of the Savings and Term Deposit relationship has to be same

Check the documents required for opening the Silk Woman Savings Account.
Explore more savings account options that best suit your needs.

Click Here to know the fees and charges applicable for respective product scheme opted

Be ready with following documents while opening this account

Sr. No.	Name of the Document (valid)	Identity Proof	Address Proof
1	Passport	Yes	Yes
2	Driving Licence	Yes	Yes
3	Aadhaar (Post e-KYC authentication by Bank)	Yes	Yes
4	Voter Id	Yes	Yes
5	Job Card issued by NREGA	Yes	Yes
6	Letter issued by National Population Register	Yes	Yes

Read the terms and conditions for the Silk Woman Savings Account.
Explore more savings account options that best suit your needs.

Silk Savings Programme Terms and Conditions

Silk Savings Programme can be offered to/held by only resident Indian woman customers above 18 years of age. Silk savings programme can be held/opened as sole or joint account. Primary account holder should be a woman in case of joint account. Silk Savings Programme cannot be offered to/held by Minors, Non Residents, Foreigners, Customer having Small or BSBDA accounts. Eligible Schemes for Silk Savings Programme are Everyday, Ace, Pro, Classic, Nova, Platina and Edge.

The terms and conditions applicable for the benefits of Silk Savings Programme are mentioned below, the same is not exhaustive and customers would need to visit the relevant sections of other products to see all terms & conditions

The benefits offered herein under the Silk Savings Programme is complimentary to customers and is in addition to the existing product features and pricing benefits customers avail as part of their Savings Account. Customers will be governed by Savings Account Terms and conditions as defined by Kotak Mahindra Bank.

1. Kotak Rewards

Kotak Rewards feature where customer can earn up to 1500 Kotak Reward Points on purchases carried out through use Silk Platinum Debit Card and redeem points across categories like groceries, apparel, jewellery, hotel, dining etc. T&C Apply.

Minimum Spends per month	Reward Points per month 1 Kotak Reward point=Rs 0.25
Rs. 7,500 - Rs. 15,000	400
Rs. 15,001 - Rs. 25,000	1000
Rs. 25,001 & above	1500

Terms and Conditions:

Rewards are subject to meeting of minimum Average Monthly Balance requirement and minimum spends criteria
The spends should be on Silk Platinum Debit Card. Spends should be on domestic merchant transactions using Debit Card
The reward points will be credited every month for the previous calendar month in your Kotak Rewards account. Validity of reward points will be 1 year from the date of credit
Details of the same will be communicated through email on registered email id and SMS on registered number.
ATM cash withdrawals are not eligible for Rewards
Accrued Reward Points for the last month’s spends will be available in Kotak Rewards Portal latest by 15th of the subsequent month.In the event of non-receipt of Reward points credit confirmation within the subsequent month from the last day of qualifying month, customers to contact their relationship manager/branch/customer service helpline within 50 days from the date of qualifying for the rewards. Any claims of non-receipt of the rewards beyond the stipulated period shall not be entertained.

2. Kotak Silk Platinum Debit Card

Kotak Silk Debit Card customer can spend without worry, anywhere, anytime and enjoy the advantage of higher withdrawal limits with no annual fees on Ace Accounts

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.1 ,00,000/-
Debit Card Type	Platinum card
Personal Accidental Death Cover	Up to 15 lakhs*
Lost baggage Insurance	Up to Rs. 1,00,000/-
Air Accidental Death Insurance	Up to Rs. 50 lakhs

3. NYKAA

Offer Construct: 10% instant discount on minimum spends of Rs.2,000 (maximum discount of Rs.250)

Validity: Offer period 1^st January 2023 to 31^st March 2025

Terms and Conditions:

Cardholders can avail the offer once per card per calendar month during offer period to avail the discount
It is an instant discount offer applicable before making payment with your Kotak SILK Platinum Debit Card, the discount amount shall be deducted from the amount payable by you
The offer is valid for bookings done through the Nykaa website, M-Site or Mobile app
Offer is valid during 1^st January 2023 to 31^st March 2025
The offer cannot be clubbed with any other offer on Nykaa E-Retail
Nykaa reserves the right at any time, without prior notice and liability and without assigning any reason whatsoever, to add/alter/modify/change or vary all of these terms and conditions or to replace, wholly or in part and to withdraw this discount at any time in its sole discretion
Nykaa is the sole authority for interpretation of these terms
In the event of any misuse or abuse of the offer by the customer, Nykaa reserves the right to deny the offer or cancel the order placed.
In no event the entire liability of Nykaa under this offer shall exceed the transaction amount paid by the customer
Nykaa shall not be liable to for any indirect, punitive, special, incidental or consequential damages arising out of or in connection with the offer
These terms and conditions are governed by the laws of India and the courts at Bangalore will have exclusive jurisdiction over any matters/disputes arising out of or in relation to this discount
By opting for this discount, every customer expressly agrees that neither Nykaa nor any of its affiliates will be liable or responsible for any loss or damage whatsoever that a customer may suffer, directly or indirectly, in connection with such discount that arises from such customer’s own act of omission or commission.
The discount is completely optional and is chosen by the customer of his/her own volition. Any person availing this discount shall be deemed to have accepted these terms and conditions.

Bank Terms and Conditions:

This Offer is made solely and entirely by Nykaa E-retail Limited (“Merchant Name”) to the customers of Kotak Mahindra Bank (“Bank”) holding Kotak Silk Platinum Debit Card (“Customers”).
Offer is valid from 1^st January 2023 to 31^st March 2025 (“Offer Period”)
Participation in this Offer is voluntary.
The Offer is non-transferable, non-encashable and non-negotiable.
Any Customer eligible for the Offer shall be deemed to have read, understood and accepted these terms and conditions, general terms and conditions of the Bank and terms and conditions of the Nykaa E-retail Limited in relation to the Offer before availing the Offer. Bank merely facilitates its Customers to avail the Offer and it is in no way concerned or connected in respect of the terms and conditions of Nykaa E-retail Limited
The Bank and Nykaa E-retail Limited, reserve the right to disqualify any Customer from the benefits of the Offer if any fraudulent activity is identified as being carried out for the purpose of availing the benefits under the Offer.
Bank and Nykaa E-retail Limited reserve the right, at any time, without prior notice and without assigning any reason whatsoever, to add/alter/modify/change or vary all or any of these terms and conditions or to replace, wholly or in part this Offer by another offer whether similar to this Offer or not or to extend or withdraw this Offer altogether.
The Bank shall not be responsible or liable in any manner whatsoever for any deficiency or inadequacy in the services rendered by Nykaa E-retail Limited its agents or representatives and the Customer hereby understands, acknowledges and agrees not to hold the Bank responsible or liable for, any losses, damages, costs, charges, expenses, claims (whether direct or indirect), actions or demands suffered by the Customer in relation to availing the benefits under the Offer.
The Bank holds out no warranty and makes no representation about the quality, delivery or otherwise of the goods and services offered by Nykaa E-retail Limited. Any issue or dispute or claim arising out of or in relation to availing the benefits under the Offer must be resolved by the Customer directly with 1800 267 4444 by writing to [email protected] without any reference to the Bank.
The decision of the Bank and Nykaa E-retail Limited in all matters in connection with and incidental to this Offer is final and shall be binding on all persons.
Disputes, if any, arising out of or in connection with or as a result of above Offer or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent courts / tribunals in Mumbai.
Offer is for one time use only and cannot be clubbed with any other Offer.
Customers who fail to enter the promo code or using the wrong promo code shall not be eligible to avail the Offer. Bank shall, in no way, be liable in the event the Customer fails to enter the promo code or uses the wrong promo code resulting in Customer becoming ineligible to avail the Offer.
All taxes, duties, levies or other statutory dues and charges payable in connection with the benefits of the Offer shall be borne solely by the Customer and the Bank will not be liable in any manner whatsoever for any such taxes, duties, levies or other statutory dues and charges

4. Silk + Kotak Myntra Credit Card

Offer:

Get an instant discount of 7.5% on all spends across Myntra Platforms (includes Mobile app and website)| max discount capped at Rs.750 per transaction
Get a 5% cashback on spends across preferred partners category | max discount Rs.1,000 per statement cycle
Unlimited 1.25% cashback on spends across all other online and offline merchants
Joining fee Rs. 500 waived off for Silk customers
Annual fee of Rs.500 waived off for the subsequent year on spends of Rs.2 lakh or more

Click here for more information on Kotak Myntra Credit Card

5. Locker Discount

Offer: Silk Savings Programme Customer can avail 50% discount on locker rental for the First Financial year

Terms and Condition:

Lockers are subject to availability. Discount applicable for locker allotment in the financial year of enrolling for Silk

6. Two Wheeler Loan

Offer:

Flat ROI @ 9.49% p.a.
Zero Processing Fees

Disclaimer:

Two Wheeler loans is a product of Kotak Mahindra Prime Ltd which is a subsidiary of Kotak Mahindra Bank Ltd. Available at select locations. *Flat Rate of 9.49% will translate to an approx. ROI of 17.50% p.a. Mandatory fees and stamp duty charges as applicable. Loan sanction and disbursement will be subject to complete documentation and credit at sole discretion of Kotak Mahindra Prime Ltd and subject to guidelines issued by RBI from time to time. CIN: U67200MH1996PLC097730 Registered office address: 27BKC, C27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai- 400051.

Women special offer is applicable to existing Kotak Group female customers. Offer is applicable only for Female applicants taking loan on a Scooter. Offer applicable on select Electric Scooters as well.

7. Car Loan:

Offer:

Sl No	Scheme Offering
1	Up to 100% On Road Funding
2	Tenor up to 7 years
3	Special Offers on Pre-Payment and Part Payment Charges

Disclaimer:

T&C Apply, Car Loan is offered by Kotak Mahindra Prime Ltd. which is a subsidiary of Kotak Mahindra Bank Ltd. Conditions apply. Available at select locations. Credit at sole discretion of Kotak Mahindra Prime Ltd. and subject to guidelines issued by RBI from time to time.

8. Gold Loan:

Offer- Zero processing fees for Silk accounts

Terms and conditions

Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.

Loan to Value ratio as prescribed by RBI from time to time. Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets. Available in select locations only.

9. Personal Loan

Offer: Flat processing Fee of Rs. 999/-

Disclaimer:

Terms & Conditions apply. Credit at the sole discretion of Kotak Mahindra Bank Ltd. and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets. Personal Loan will not be disbursed if the Savings Account is in dormant or freeze state. To activate your dormant account, please visit the nearest Kotak branch.

10. Dedicated help desk

Dedicated helpdesk would be available for all Kotak Silk Savings Programme Customers
The helpdesk service would be available on 8069695555 from 9:30 am to 6:30 pm (Monday to Saturday)

11. Silk offer Card

Silk Offer Card is a physical card provided to Kotak Silk Savings Programme Customers, containing exclusive offers of lifestyle, travel, health & wellness and others.
Kotak Silk Savings Programme customers can scan for QR on the physical card which will lead them to exclusive offers website
Offers on the offer card are update on regular basis, customer needs to check the validity and latest offers to avail exclusive privileges
Silk Offer Card once lost cannot be replaced

Terms & Conditions