Basic Savings Bank Deposit Account Fees and Charges - Erstwhile ING Vysya

W.e.f. 1st November 2019, there are revisions in the free transaction limits at non-Kotak ATMs. Customers will be entitled for a maximum of 5 transactions in a month at non-Kotak ATMs within India at no charges, except in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad, where maximum limit is of upto 3 transactions at no charges. Please refer the General Schedule of Features and Charges (GSFC) for your Savings / Salary Account (revised with effect from November 1,2019) Click here.

Particulars		Type of Savings Account
		Orange Metro (Savings Bank Orange Metro) & Orange Non-Metro (Savings Bank Orange)	Orange Senior (Orange Senior SB)	Zwipe, Zwipe Classic (Non Metro) & Zwipe Senior	Platina SB (SB Platina) & Platina Senior	General SB-Metro and Urban Branches (Savings Bank General)
Average Monthly Balance (AMB)		Orange Metro: 10000 Orange Non-Metro: 5000	2500	20000	100000	5000
AMB waiver on maintenance of 7.5 Lac TD with Zwipe Senior, Platina SB / Platina Senior on maintenance of 10 Lac FD / 10 Lac TRV, Orange Senior on maintenance of 3 Lac FD stand with drawn with effect from from 1 November, 2016
Non Maintenance Charge (NMC)	Charges for non maintenance of minimum monthly average balance	5% of the shortfall in required AMB per month.		5% of the shortfall in required AMB per month. (maximum upto Rs. 600/- for Zwipe, Zwipe senior and Platina)		5% of the shortfall in required AMB per month.
Fund Transfers	NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)	Free	Free	Free	Free	Free
	NEFT / RTGS done through branch	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50	Free	Free	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50
	IMPS	Up to 10000: 5; 10001 to 100000: 5; 100001 to 200000: 15	Up to 10000: 5; 10001 to 100000: 5; 100001 to 200000: 15	Free	Free	Up to 10000: 5; 10001 to 100000: 5; 100001 to 200000: 15
	UPI Transaction	Nil Charges upto 30 UPI fund transfers every month, thereafter for every txn <= Rs.1000 - Rs.2.50 and > Rs.1000 - Rs.5 . Merchant payments, online shopping, bill payments etc done via UPI will continue to be at Nil charge & will not be considered under UPI fund transfers.
Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 5 transactions or 3 lac / month whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 10 transactions or 5 lac/ month whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs. 150)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)
Debit Card / ATM Charges	Debit Card Charges	Debit Fees as per Debit Card GSFC tailed below
	Kotak Bank's ATM Cash Withdrawal / Non Financial Transactions	Free	Free	Free	Free	Free
	Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##	Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction	Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction	Free	Free	Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction
	Declined Domestic ATM Transactions due to insufficient balance	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction
	Cash Withdrawal / Non-Financial Transactions at International ATMs +	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
	Cardless cash withdrawal (IMT)	Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction
DD / Pay order / Cheque Book	DD / Pay Order	Rs.2.5 / 1000 (Min 50, Max 10,000)	Rs.2.5 / 1000 (Min 50, Max 10,000)	Free upto 100K; Post Free limits (Rs.2.5 / 1000 (Min 50, Max 10000)	Free	Rs.2.5 / 1000 (Min 50, Max 10,000)
	FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return	500	500	500	500	500
	At-par Cheque Book Charges	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	100 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	100 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.
	ECS / Cheque Issued & Returned (due to non availability of funds)	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance
	ECS Mandate Verification	Rs.50 / instance	Rs.50 / instance	Free	Free	Rs.50 / instance
	SI Failure	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance	Free	Rs.100 / instance
	Cheque deposited and returned (INR)	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance
Branch Requests	Duplicate Ad-hoc statement Balance & Interest Statement Foreign Inward Remittance Certificate, Duplicate Passbook Duplicate TDS Certificate Through Branch or any other Record Retrieval Stop Payment - Single / Range of cheque thru branch DD / PO / BC Revalidation / Cancellation ( INR); Tax Collection thru branch; Annual Combined Statement-Physical; Monthly Physical Statement	100 / Request	100 / Request	Free	Free	100 / Request
Home Banking	Cheque Pick Up / Delivery (Rs. 150 per visit)	Rs. 150 per visit		Nil Charges for 2 calls( Zwipe / Zwipe Senior & Classic) & 10 calls ( Platina SB & Senior)/ Month		Rs. 150 per visit
	Cash Pick Up / Delivery^	Up to 2 lacs: Rs 1000/- per Req; Rs 2 Lacs to Rs 5 lacs: 1500/- per Req
	Cash Pick Up / Delivery^	For Platina SB & Senior- 50% of Charges up to 1 request per month basis standard charge
Family Banking		NA	NA	NA	Upto 3 Additional NMC waived Family member accounts under "My Family"	NA
Statements & Alerts	Statements	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
Statements & Alerts	Balances and Transaction & Value added alerts (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	Daily SMS - 50 ps/SMS Weekly SMS free	50 ps per SMS (Daily / Weekly)
Other Charges	TODCheque Purchase charges Account Closure charges: (if closed after 1 month & before 6 months of A/C opening)	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 1200	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600
Free Services	Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation	Free	Free	Free	Free	Free
Debit Card Annual Charges	Classic Debit Card	Rs. 150	Rs. 150	Free	Free	Rs. 150
	Silk Classic Debit Card	150.0	150.0	150.0	Free	500.0
	Titanium Debit Card	200.0	200.0	Free	Free	200.0
	Gold Debit Card	500.0	500.0	Free for 1st year, thereafter Rs. 250 p.a	Free	500.0
	Platinum / My World Debit Card	Rs. 750	Rs. 750	Free for 1st year, thereafter Rs. 250 p.a	Free	Rs. 750
	World / World Exclusive Debit Card	Rs. 750	Rs. 750	Rs. 750	Free	Rs. 750
Other Debit Card Related Charges	Replacement of Lost / Stolen Debit Card	Rs. 200	Rs. 200	Rs. 200	Rs. 200	Rs. 200
	Image Debit Card Issuance Charge	Rs. 199	Rs. 199	Rs. 199	Rs. 199	Rs. 199
	Regeneration of PIN (sent through courier)	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request
Particulars		Type of Savings Account
		General SB- Semi Urban Branches (Semi Urban SB)	General SB- Rural Branches (Rural Gen SB)	Zing (Zing Kids Account)	Solo
Average Monthly Balance (AMB)		2000	1000	2000	Nil
AMB waiver on maintenance of 7.5 Lac TD with Zwipe Senior, Platina SB / Platina Senior on maintenance of 10 Lac FD / 10 Lac TRV, Orange Senior on maintenance of 3 Lac FD stand with drawn with effect from from 1 November, 2016
Non Maintenance Charge (NMC)	Charges for non maintenance of minimum monthly average balance	5% of the shortfall in required AMB per month.			NA
Fund Transfers	NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)	Free	Free	Free	Free
	NEFT / RTGS done through branch	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50	For NEFT : Upto 10000: 2.50; 10001 to 100000:5; 100001 to 200000:15; > 200000: 25 For RTGS: 200001 to 500000: 25; > 500000: 50
	IMPS	Up to 10000: 5; 10001 to 100000: 5; 100001 to 200000: 15	Up to 10000: 5; 10001 to 100000: 5; 100001 to 200000: 15	Up to 10000: 5; 10001 to 100000: 5; 100001 to 200000: 15	Up to 10000: 5; 10001 to 100000: 5; 100001 to 200000: 15
	UPI Transaction	Nil Charges upto 30 UPI fund transfers every month, thereafter for every txn <= Rs.1000 - Rs.2.50 and > Rs.1000 - Rs.5 . Merchant payments, online shopping, bill payments etc done via UPI will continue to be at Nil charge & will not be considered under UPI fund transfers.
Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Free upto 4 transactions or 2 lac / month , whichever is earlier. Post free limits, charged at Rs 3.5 / 1000 (Minimum Rs 150)	Nil Charges upto 2 transactions or 1lac / month
Debit Card / ATM Charges	Debit Card Charges	Debit Fees as per Debit Card GSFC tailed below
	Kotak Bank's ATM Cash Withdrawal / Non Financial Transactions	Free	Free	Free	Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction
	Other Domestic ATMs - Cash Withdrawal / Non Financial Transactions ##	Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction	Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction	Nil charges upto 5 transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per non-financial transaction	Maximum of 5 transactions free in a month with a cap of Maximum 3 free transactions in Top 6#+ Cities, thereafter Cash Withdrawal – Rs. 20.00 /txn.; Non Financial txn. – Rs. 8.50 / txn.
	Declined Domestic ATM Transactions due to insufficient balance Transactions declined at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019)	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction	Rs.25 per transaction
	Cash Withdrawal / Non-Financial Transactions at International ATMs +	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction	Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction
	Cardless cash withdrawal (IMT)	Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction
DD / Pay order / Cheque Book	DD / Pay Order	Rs.2.5 / 1000 (Min 50, Max 10,000)	Rs.2.5 / 1000 (Min 50, Max 10,000)	Rs.2.5 / 1000 (Min 50, Max 10,000)	Rs.2.5 / 1000 (Min 50, Max 10,000)
	FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return	500	500	500	500
	At-par Cheque Book Charges	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	25 Chq leaves free / Qtr; Thereafter Rs.3 / cheque leaf.	25 Chq leaves Nil Charges / Half Year; Thereafter Rs.3 cheque leaf
	ECS / Cheque Issued & Returned (due to non availability of funds)	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance	Rs.500 / instance
	ECS Mandate Verification	Rs.50 / instance	Rs.50 / instance	Rs.50 / instance	Rs.50 / instance
	SI Failure	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance
	Cheque deposited and returned (INR)	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance	Rs.100 / instance
Branch Requests	Duplicate Ad-hoc statement Balance & Interest Statement Foreign Inward Remittance Certificate, Duplicate Passbook Duplicate TDS Certificate Through Branch or any other Record Retrieval Stop Payment - Single / Range of cheque thru branch DD / PO / BC Revalidation / Cancellation ( INR); Tax Collection thru branch; Annual Combined Statement-Physical; Monthly Physical Statement ; Regeneration of PIN of NetBanking/Phone banking (sent through courier)	100 / Request	100 / Request	100 / Request	100 / Request
Home Banking	Cheque Pick Up/ Delivery (Rs. 150 per visit)	Rs.150 per visit
Home Banking	Cash Pick Up/ Delivery^	Up to 2 lacs: Rs 1000/- per Req; Rs 2 Lacs to Rs 5 lacs: 1500/- per Req; Rs. 5 lacs & above: Rs. 4600
Family Banking		NA	NA	NA	NA
Statements & Alerts	Statements	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free	Email Statement (Monthly): Free; Physical Statement (Quarterly): Free
Statements & Alerts	Balances and Transaction & Value added alerts (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)	50 ps per SMS (Daily / Weekly)
Other Charges	TODCheque Purchase charges Account Closure charges: (if closed after 1 month & before 6 months of A/C opening)	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000); Account Closure charges: 600
Free Services	Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation	Free	Free	Free	Free
Debit Card Annual Charges	Classic Debit Card	Rs. 150	Rs. 150	Rs. 150	Rs. 150^
	Silk Classic / Platinum	150.0	150.0	150.0	Rs. 150^
	Titanium Debit Card	200.0	200.0	200.0	Rs. 150^
	Gold Debit Card	500.0	500.0	500.0	Rs. 150^
	Platinum / My World Debit Card	Rs. 750	Rs. 750	Rs. 750	Rs. 150^
	World / World Exclusive Debit Card	Rs. 750	Rs. 750	Rs. 750	Rs. 150^
Other Debit Card Related Charges	Replacement of Lost / Stolen Debit Card	Rs. 200	Rs. 200	Rs. 200	Rs. 200
	Image Debit Card Issuance Charge	Rs. 199	Rs. 199	Rs. 199	Rs. 199
	Regeneration of PIN (sent through courier)	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request	Rs. 50 per request
GST on Foreign Currency Conversion Charges (FCY) ~			GST on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency	Value on which GST rate will be applicable		Value of purchase or sale of Foreign Currency	Value on which GST rate will be applicable
Up to Rs 1,00,000	1% of the gross amount of currency exchanges or minimum of Rs.250/-		Up to Rs 1,00,000	1% of the gross amount of currency exchanges or minimum of Rs.250/-
Up to Rs 1,00,000			Up to Rs 1,00,000
Above Rs.1,00,000/- to Rs.10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.		Above Rs.1,00,000/- to Rs.10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
Above Rs.10,00,000/-	Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/-		Above Rs.10,00,000/-	Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/-
Above Rs.10,00,000/-			Above Rs.10,00,000/-


Foreign Exchange Services (FES)			Foreign Exchange Services (FES)
Outward Remittances - Individual	Standard Charges		Outward Remittances - Individual	Standard Charges
Telegraphic Transfer Charges (other than payment for imports)	INR 1250 + Tax		Telegraphic Transfer Charges (other than payment for imports)	INR 1250 + Tax
Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter)	INR 1000 + Tax		Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter)	INR 1000 + Tax
Issue of FCY DD's	INR 750 + Tax		Issue of FCY DD's	INR 750 + Tax
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	0.125 %; minimum INR 1,000 +Tax		Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	0.125 %; minimum INR 1,000 +Tax
As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.
^ If customer upgrades or buys an additional card, charges will be as per Edge variant.
##Cash withdrawal limit from other Domestic ATM is Rs. 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 Charges):
If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes).
If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes).
The Bank will charge cross-currency mark-up 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]
For UPI Txns – Above mentioned charges (as per the table) will be applicable for all fund transfers done via UPI using Kotak Bank account irrespective of the Apps used eg. Google Pay, Phonepe, Paytm etc. Money transfer to any bank account using a/c no & IFSC code will also be considered within those 30 UPI funds transfers & same charges will be applicable (as mentioned in the above table). The NMC charges will be based on the shortfall observed in the AMB.
Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change.
Debit Card Annual Charges for Junior, Youth and Maestro Debit Cards will be same as Classic Debit card.
+Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder.
Charges 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.
The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges.
^For On call cash pickup if its more than 5 lacs then we will be charging upfront Rs 4600/- per pickup flat charge. Please note that the Cash Pickup/ Delivery charges pertain to the “ Cash Pick-up/ Delivery” service offered to the customer. Additional charges 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.
<> Penalty charges. Non-maintenance charges (NMC) is not applicable once the savings account becomes inoperative/dormant.
With effect from April 1, 2015: In the event of a default in maintenance of Average Monthly Balance as agreed to between the Bank and customer for the month (referred as Default Month), the Bank will notify the customer clearly of the default and that the Average Monthly Balance for the account has to be met in the subsequent month (referred to as Notice Month) . If the AMB is still not maintained in the Notice Month, the NMC (Non Maintenance Charges) for both the Default Month and Notice Month will be recovered in the subsequent month. 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 charges will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC. In case of accounts sourced under promotional offering and enjoying conditional NMC waiver, the terms and conditions of such promotional offering shall prevail.
State government taxes/ Cess as applicable shall be charged
W.e.f 1st September 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year.

Get your 811 digital bank account instantly and enjoy up to 6%* interest p.a.

Avail special Fixed Deposit Rates @ 6.60 p.a.*

Enjoy 24 free PVR movie tickets, annually

Avail any Kotak Loan and get discount vouchers worth INR 55,000 + Mega Prizes

Leave the stress of your medical expenses to us

Discover opportunities in places where you least expect

Get your 811 savings account instantly and enjoy up to 6%* interest p.a

Choose from a wide range of convenient payment options from Kotak Credit Cards, to make things easy for you.

UPI based, bank agnostic payment app

Explore the faster way to pay with payWave card

Easiest way to send money across the world

Transact even when you are not connected to internet

Zing Savings Account

Zing Savings Account

Saving for your child's future:

Personalised Debit Card:

Fun ways to learn banking:

Exciting deals for your child:

Related Products

811 Digital Bank Account

My Family Savings Account

811 Edge Digital Bank Account

Chat with Keya

Call us

Write to us

Locate us

Chat with Keya

Call us

Write to us

Locate us

About us

Investor Relations

Customer Service

Aadhaar Services

Calculators & Tools

Rates & fees

Digital Banking

Self Help

Erstwhile ING Vysya

Others

Kotak Group Companies