Kotak Mahindra Bank (DIFC Branch)
| Head | TYPE of SERVICE | Charges*** |
|---|---|---|
| Account Maintenance |
Minimum Monthly Average Account Maintenance Balance | Nil |
| Account Maintenance Fee per month | No charge | |
| Credit Interest payable on such accounts | Nil | |
| Non Maintenance Charge | In case the stipulated minimum monthly balance is not maintained | Nil |
| Overnight Overdraft Facility | Not Available | N.A |
| Third Party Payments | Payment to customers, account with us: | USD 0.00 |
| Payments to banks favoring third parties By Electronic Clearing / SWIFT | USD 0.00 | |
| Reporting | SWIFT 940(**) - daily | Waived |
| E Mail Statement [For more than 5 statements in a month / per statement cost] | NIL | |
| Physical Statement | USD 0.00 | |
| Investigations | SWIFT Based Inquiries: Upto 3 months old (per investigation) | No Charge |
| For cases more than 3 months old (per investigation) | USD 0.00 | |
| For cases more than 6 months old (per investigation) | USD 0.00 | |
| Amendments | Swift based Amendment to payment instructions (per instruction) [Subject to any amendment possible at the time] |
USD 0.00 |
| Cancellations | Swift based Cancellations to payment instructions (per instruction) [Subject to cancellation being possible at the time] |
USD 0.00 |
| Other Transactional / Related Services | Charges as per separate agreement | |
| Others | Debit Card / Cheque issuance / DD / Courier | Not Offered |
| Adhoc Requests | Any other Adhoc Requests by customer | Charges will be communicated as and when required. |
| Note: (**)MT 940 will be sent in the morning of the next reporting day (T+1 day) around 10 a.m. GST. Kotak Mahindra Bank – DIFC Branch will follow the business day schedule of the India Head Office. SWIFT 950 – Not currently offered. (***)Currently, we are offering facility for only USD. Once, other currencies are offered, charges in those currencies will be equivalent to the USD amounts mentioned above. Excludes Fees for wealth related products Initial Deposit Required - NIL |
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