| Product Name |
Stock Ace Currenet Account (in Rs.) |
| Average Quarterly Balance (AQB) in Rs. |
25000.0 |
| REMITTANCES / PAYMENTS |
| Demand Draft / Banker's Cheque |
Payable at Branch Locations |
Free 25 DD/ BC p.m.; |
| thereafter 1/1000 |
| (Min 40 Max 5000) |
| Payable at Non - branch Locations |
2/1000 (Min 40 Max 5000) |
| RTGS |
Through Branch |
Rs. 15/ txn |
| Through Net Banking |
Free |
| NEFT |
Through Branch |
Free |
| Through Net Banking |
Free |
| Fund Transfer |
Branch & Net Banking |
Free |
| Cheque Book |
Default Cheque Book is Payable At-par Only |
1 Chq Book (50 Leaves) Free p.m.; 2 / leaf |
| RECEIPTS / COLLECTIONS |
| Local Cheque |
|
Free |
| Clearing Out-station Cheque |
Drawn at Branch Locations |
Free |
| Drawn at Non - Branch Locations |
< 10K: 50 / Chq; |
| 10K - 1L: 25/Chq; >1L: Free |
| (Plus Other Bank Chrgs) |
| RTGS |
Inward |
Free |
| NEFT |
Inward |
Free |
| Fund Transfer |
Inward |
Free |
| HOME BANKING |
|
Cheque Pick-up or DD Delivery |
40 / Request |
| On Call Requests |
Cash Pick-up or Delivery |
< 2L: 200 / Request; |
| 2 - 5L: 300 / Request |
| Beat Service |
Cheque Pick-up |
500 p.m. |
| CASH DEPOSIT & WITHDRAWAL |
| Cash Deposits |
At Home Branch Location |
Free upto 2L p.m.; |
| thereafter 2.5 / 1000 |
| At Non-home Branch Location |
4.5 / 1000 ; Min 50 per Txn |
| (Max 1L / Day w/o approval) |
| Cash Withdrawal |
From Home Branch Location |
Free |
| From Non-home Branch Location |
2 / 1000 ; Min 50 per Txn |
| (Max 3L/Day w/o approval) |
| AUTOMATED TELLER MACHINE (ATM) |
| Kotak ATMs |
Balance Enquiry |
Free |
| Cash Withdrawal |
Free |
| Other Bank's VISA ATMs - Domestic |
Balance Enquiry |
Free |
| Cash Withdrawal |
Free 5 transactions per month, thereafter 110 per Txn |
| Other Bank's VISA ATMs - International |
Balance Enquiry |
15 per Txn |
| Cash Withdrawal |
110 per Txn |
| ATM Txns Declined |
Insufficient Funds |
25 per Txn |
| DEBIT CARD |
| Primary Card |
Issuance Fee |
Free |
| Annual Fee |
Free for 1st year, therafter 250 p.a. |
| Supplementary Card |
Issuance Fee |
250.0 |
| Annual Fee |
250 p.a. |
| Add-on Card |
Issuance Fee |
250.0 |
| Annual Fee |
250 p.a. |
| Replacement of Debit Card |
Lost Card |
200.0 |
| Damaged Card |
Free |
| VISA Global Assist |
|
USD 5 |
| VISA Global Assist |
Lost Card |
USD 35 |
| POS Txns Declined |
Insufficient Funds |
25 per Txn |
| OTHER CHARGES |
| Account Related |
| AQB Non - maintenance |
NMC |
Nil till Stock Ace limit is availed, thereafter 900 per quarter |
| Account Closure Charges |
|
Nil |
| Cheque Returns |
| Cheques Deposited & Returned / (Outward) |
Local |
300 per Chq |
| Out-station |
300 per Chq + Corr Bank Chrgs |
| Cheques Issued& Returned (Inward) |
Financial Reasons |
300 per Chq |
| Technical Reasons |
Free |
| SMS Alerts & Updates |
| Alerts |
Large Debit / Credit |
50 per Quarter |
| Updates |
Daily Balance |
25 per Quarter |
| Weekly Balance |
Free |
| Phone Banking |
IVR Assisted |
Free |
| Agent Assisted |
Free |
| CHARGES COMMON FOR ALL PRODUCTS |
| Account Statements |
| Monthly |
Physical / Email |
Free |
| Weekly |
Physical |
300 per Quarter |
| By Email |
Free |
| Daily |
By Email Only |
Free |
| Ad- hoc Statements Request |
At Branch / Phone Banking |
<90 Days: 100 |
| 91-365 Days: 200 |
| >365 Days: 1000 |
| On Net Banking, ATM |
50.0 |
| On Mobile Banking |
Free (by Email Only) |
| Standing Instruction |
| Set-up |
|
50.0 |
| Execution |
|
Free |
| Amendment |
|
25.0 |
| Failure |
|
25.0 |
| STATEMENT / CERTIFICATE / REPORT ISSUANCE |
| Balance Statement |
Other than 31st March |
100.0 |
| Interest Statement |
Duplicate Only |
100.0 |
| TDS Certificate |
Duplicate Only |
200.0 |
| Confidential Report |
|
500.0 |
| Paid Cheque Report |
|
Free |
| Signature Verification |
|
100.0 |
| Photo Attestation |
|
300.0 |
| Solvency Certificate |
|
10000.0 |
| Credit Confirmation |
|
500.0 |
| Foreign Currency Payments & Collections |
| DD Issuance |
|
500 + FCY Conversion Chrg |
| DD Cancellation |
|
500 + FCY Conversion Chrg |
| DD Revalidation |
|
500.0 |
| TT Transfer |
Corr Bank Chrgs Borne by Beneficiary |
250 + FCY Conversion Chrg |
| Corr Bank Chrgs Borne by Beneficiary |
1000 + FCY Conversion Chrg |
| Cheque Collection |
|
500.0 |
| Cheque Deposited and Returned |
|
1000.0 |
| Cheque Issued and Returned |
Financial Reasons |
1000.0 |
| Cheque Issued and Returned |
Technical Reasons |
Free |
| MISCELLANEOUS CHARGES |
| PIN Regeneration |
ATM/ Phone/Net Banking |
50.0 |
| (if sent through courier) |
| DD/BC Cancellation / |
|
100.0 |
| Fund Transfer Return |
Financial Reasons |
300.0 |
| Technical Reasons |
Free |
| ECS Return |
|
300.0 |
| Online Tax Payment |
Through Net Banking |
N.A |
| Through Branch |
N.A |
| Cheque Purchase Charges |
|
0.5 / 1000 per Day |
| Travelers Cheque Encashment |
|
1% of TC Amount + FCY Conversion Chrg |
| Foreign Currency Conversion Charge |
|
100.0 |
| LOAN OVERDRAFT CHARGES |
| Rate of Interest |
|
9.25% to 13% |
| Overline Interest |
|
0.18 |
| Processing Fee |
|
Upto 2% of loan amount subject to minimum of 2500 |
| Renewal Fee |
|
2500.0 |
| Security Invocation Charges |
|
0.3% of the sell-off value subject to a maxium of 5,000 |
| Please Note: |
| Average Quarterly Balance is the average balance to be maintained in your account in a quarter. It is not the lowest/minimum balance in your account on any given day |
| Kotak Mahindra Bank levies Non-Maintenance Charge (NMC) in case Average Qty balance in the account is not maintained. NMC is NIL till the time the Stock Ace limits are availed in the current account. |
| The above current charges; subject to change by Kotak Mahindra Bank are applicable until the Stock Ace limits are available in the account. Thereafter, all charges applicable to Edge Current account shall be applicable on this account. For details of all applicable charges, please refer the General Schedule of Features & Charges available at our branch or website www.kotak.com |
