Privy offerings
.
Discover sophisticated personalized services, a more rewarding in-branch experience and a wide array of banking products, services and investment solutions.
Your banking and finance needs change as you grow. Our products will support you through every stage.
Your banking and finance needs change as you grow. Our products will support you through every stage.
We'd love for you to keep growing with us in Privy League. Here is a quick view of what is in store as you move up in the League.
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Optima
Join the league of exclusivity with a range of exciting lifestyle privileges ranging from personalized gifts, curated events, discounts on luxury brands, premium cards and much more
Prima
Step into the premium world with personalized gifts, discounts on your favourite brands, lifestyle vouchers, dedicated banking services and much more
We'd love for you to keep growing with us in Privy League. Here is a quick view of what is in store as you move up in the League.
Disclaimer:
*Privy League Maxima Plan is available only in select locations.
**Fresh sourcing or re-grading to NR Privy League Magna Plan has been discontinued with immediate effect
The Privy League General Schedule of Features and Charges (GSFC) for Savings Accounts will be revised with effect from Nov 1, 2022. Know More
| Particulars | Prima/Maxima | Optima | Insignia | |
|---|---|---|---|---|
| Non maintenance charges | NA | NA | NA | |
| Fund Transfers | NEFT /RTGS/ Fund Transfer (Through Netbanking/Mobile Banking / branch) | Nil | Nil | Nil |
| IMPS | Nil | Nil | Nil | |
| Cash Transactions | Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal) | Nil charges upto 10 transactions or Rs. 5 Lakh/ month whichever is earlier. Post free limits, charged at Rs 4.5/ 1000 with minimum Rs 150 |
Nil charges upto 10 transactions or Rs. 15 Lakh/ month whichever is earlier. Post free limits, charged at Rs 4.5/ 1000 with minimum Rs 150 |
Nil |
| Debit Card / ATM Charges | Debit Card Charges | Debit Fees as per Debit Card GSFC detailed below | ||
| Kotak Bank's ATM - Cash Withdrawal/ Non financial transactions### | Nil | Nil | Nil | |
| Other Domestic ATMS - Cash Withdrawal##/ Non financial transactions###/ Declined Transactions due to insufficient balance <> Other Domestic ATMS - Cash Withdrawal##/ Non financial transactions###/ Declined Transactions at ATM, merchant outlets, websites due to insufficient balance <>(w.e.f April 1,2019) |
Nil | Nil | Nil | |
| Cash Withdrawal / Non financial transactions ### at International ATM + | Nil | Nil | Nil | |
| 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 | Nil | Nil | Nil |
| FCY - DD/TT/ Cheque Collection/ Revalidation/ Cancellation/ FCY Cheque Deposited and Return | 500.0 | 250.0 | Nil | |
| At-par Cheque Book Charges | Nil | Nil | Nil | |
| ECS/Cheque Issued & Returned (due to non availability of funds) | 500/ instance | 500/ instance | 500/ instance | |
| ECS Mandate Verification | Nil | Nil | Nil | |
| SI Failure | Nil | Nil | Nil | |
| Cheque deposited and returned (INR) | 100.0 | Nil | Nil | |
| Branch Requests | Duplicate Ad-hoc statement, Balance & Interest Statement, Foreign Inward Remittance Certificate, Duplicate Passbook, TDS Certificate Through Branch or any other Record Retrieval, Stop Payment through branch - Single/ Range of cheque; DD/PO/BC Revalidation/ Cancellation (INR); Tax Collection; Regeneration of Pin sent through courier; Annual Combined Statement-Physical; |
Nil | Nil | Nil |
| Home Banking | Cash or Instrument Pick Up/ Delivery (Rs 150 per visit) | Nil Charges for 10 calls/month thereafter Rs.150 per visit | Nil | Nil |
| KYC Pickup - Only for senior citizen and differently abled^^ | Rs.100 per instance | Nil | Nil | |
| Statements & Alerts | Statements | Physical Monthly/ Quarterly via post: Nil; Physical Monthly via Courier: Rs. 15/month; Physical Quarterly via Courier: Rs. 15/ Quarter | Physical Monthly/ Quarterly via post: Nil; Physical Monthly/ Quarterly via Courier: Nil |
Physical Monthly/ Quarterly via post: Nil; Physical Monthly/Quarterly via Courier: Nil |
| Balances and Transaction & Value added alerts ( Daily/ Weekly) | 50p per SMS (Daily) & Weekly-Nil | Nil | Nil | |
| Other Charges | TOD, Cheque 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: as per account variant |
TOD: Rs. 500; Cheque Purchase Charges: 0.5/1000 (Min 50, Max 10000); A/c Closure charges as per account variant |
TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000) A/c Closure charges as per account variant |
| Complimentary Services | Passbook (in lieu of Account Statement), Current Year Balance and interest statement, Signature Verification Certificate, Photo Attestation, Address Confirmation | Nil | Nil | Nil |
| Debit Card Charges~~ | ||||
| Debit Card Annual Charges~~ | Platinum Debit Card - Primary | Nil | Nil | Nil |
| Platinum Debit Card - Add On | Nil charges for 1st Year, thereafter Rs. 750 p.a. | Nil | Nil | |
| Privy League Platinum Debit Card-Primary | Nil | Nil*** | Nil*** | |
| Privy League Platinum Debit Card-Add On | Nil charges for 1st Year, thereafter Rs. 750 p.a. | Nil*** | Nil*** | |
| Privy League Signature Debit Card- Primary | 2000.0 | Nil**** | Nil**** | |
| Privy League Signature Debit Card- Add On | 2000.0 | Nil**** | Nil**** | |
| Other Debit Card related charges~~ | Image Debit Card Issuance Charge | 199.0 | 199.0 | 199.0 |
| MyTeam Image Debit Card issuance charge | 599.0 | 599.0 | 599.0 | |
| Replacement of Debit Card | Nil charges for non Privy League Signature and Rs. 200 standard charge for Privy League Signature |
Nil | Nil | |
| Goods and Service Tax (GST) on Foreign Currency Conversion Charges ( FCY)~ | ||||
| Value to 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/- | |||
| 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/- | |||
| Please Note | ||||
| All charges are in Rupees | ||||
| ##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction. | ||||
| Transaction and Value Added SMS alerts would be sent at Nil charge to the customers who have subscribed for Daily / Weekly Balance Alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent at Nil 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). | ||||
| This General Schedule of Features and Charges is applicable only for Privy League customers. For Non Privy League members, charges pertaining to the Saving Account product held by the customer will be applicable. | ||||
| NA = Not applicable | ||||
| *** In case of Privy League Platinum Debit Card with Optima features, issuance and annual charge of Rs. 2000 will apply to Non-Optima/Insignia Customers | ||||
| **** In case of Privy League Signature Debit Card, issuance and annual charge of Rs. 2000 will apply to non Optima/Insignia Customers | ||||
| +Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder. | ||||
| ~ Any purchase / sale of foreign exchange will attract GST on the gross amount of currency exchanged as per GST on Foreign Currency Conversion Charges (FCY) table above. | ||||
| ~~ Customers under the Privy League Programme holding debit card(s) other than Platinum/ Privy League Platinum/ Privy League Signature will not be charged any issuance/ annual fee on the Primary/ Addon Debit Card. However once the customer moves out of the Privy League Programme then standard charges as per the respective account GSFC will apply. Standard charges will apply to Privy League customers holding Infinite/ Switch debit card. | ||||
| ### Non financial transactions are Balance Inquiry , Mini Statement & PIN Change | ||||
| <> Penalty charges. Not applicable once the account becomes inoperative / dormant | ||||
| The Bank will charge cross-currency mark-up charge 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). The charge is not applicable for Optima/Insignia Customers. [w.e.f April 1,2019] | ||||
| 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. As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts. | ||||
| 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. | ||||
| The above charges are applicable for all states other than Jammu and Kashmir. GST is applicable in the State of Jammu and Kashmir. For charges applicable to Jammu and Kashmir please contact the respective Branch Manager | ||||
| 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.” | ||||
| **Indo - Nepal Remittance Scheme (NEFT Charges): Nil charges for NEFT done thru Mobile banking / Net Banking | ||||
| 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). | ||||
| ^^https://www.india.gov.in/spotlight/unique-disability-id | ||||
The Privy League General Schedule of Features and Charges (GSFC) for Current Accounts will be revised with effect from Nov 1, 2022. Know More
| Product Name | PrivyLeague Prima | Privy League Optima, | ||
|---|---|---|---|---|
| Particulars | Standard Charges (in Rs.) | Product Level NIL Charges Limits & Charges (in Rs.) | ||
| Remittances / Payments: | ||||
| Demand Draft/ Banker's Cheque | Payable at Branch Locations | 1/1000 (Min 50 Max 5000) |
NIL Charges | NIL Charges |
| Payable at Non- branch Locations | 2/1000 (Min 50 Max 5000) |
NIL Charges | NIL Charges | |
| RTGS | Applicable only if done in Branch | 2 - 5 L: 20/ txn; > 5 L: 40/ txn |
NIL Charges | NIL Charges |
| NEFT** | Applicable only if done in Branch | Upto 10k: 2/txn; >10K to 2L: 4/txn >2 L: 24/txn |
NIL Charges | NIL Charges |
| IMPS | Upto Rs. 100000: Rs.5 / txn; Above 100000: Rs. 15/txn |
NIL Charges | NIL Charges | |
| Cheque Book | Default Cheque Book is Payable At-par Only | Upto 500 leaves/p.m. - 2/leaf; Above 500 leaves/p.m. - 3/leaf |
NIL Charges | NIL Charges |
| Receipts/ Collections: | ||||
| Out-station Cheque (Cheques drawn on non-speed clearing branches) |
Drawn at Kotak Branch Locations | <10K: 50/Chq; 10K - 1L: 100/Chq; >1L: 150/Chq | NIL Charges | NIL Charges |
| Drawn at Kotak Non - branch Locations | <10K: 50/Chq; 10K - 1L: 100/Chq; >1L: 150/Chq | <10K: 50/Chq; 10K - 1L: 25/Chq; >1L: NIL Charges | <10K: 50/Chq; 10K - 1L: 25/Chq; >1L: NIL Charges | |
| Home Banking: | ||||
| On Call Requests | Cheque Pick-up/DD Delivery | Rs.75/- per request | Nil charges up to 7 req per month thereafter Std charges | NIL Charges |
| Cash Pick Up/ Delivery^^ | Up to 2 lacs: Rs 1000/- per Req, Rs 2 Lacs to Rs 5 lacs: 1500/- per req | * | * | |
| Beat Service | Cash Pickup | Up to 1 lac - 2.5/1000 1.01 lac to 6 lac - 1.25/1000 6.01 lac to 100 lac - 1/1000 |
* | * |
| Cheque Pick-up | 500 p.m. | NIL Charges | NIL Charges | |
| Cash Deposit & Withdrawal: | ||||
| Cash Deposits | At Home Branch & non Home Branch Location @ | Rs. 3.5/1000 Min 50 per txn | NIL Charges upto 10 times of prev month's avg credit balance or 60 L whichever is higher; thereafter Std Chrgs | NIL Charges upto 12 times of prev month's avg credit balance or 120 L whichever is higher; thereafter Std Chrgs |
| Cash Withdrawal | For Non - home Branch Location | Rs. 2/1000 Min 50 per txn | NIL Charges upto 5L per day; thereafter std chrgs | NIL Charges upto 7.5L per day; thereafter std chrgs |
| Automated Teller Machine (ATM): Kotak ATM TX - Nil Charges | ||||
| Other Bank's VISA ATMs - Domestic | Non-Financial Txn | 8.50 per txn | NIL Charges | NIL Charges |
| Cash Withdrawal | 20 per txn | NIL Charges | NIL Charges | |
| Other Bank's VISA ATMs - International | Non-Financial Txn | 25 per txn | NIL Charges | NIL Charges |
| Cash Withdrawal | 150 per txn | NIL Charges | NIL Charges | |
| ATM Txns Declined ^^ Transactions declined at merchant outlets/websites/ATMs^^(w.e.f April 1,2019) |
Insufficient Funds | 25 per txn | * | * |
| Debit Card: | ||||
| Debit Card Charges~~ | Annual Fee – Privy League Platinum Debit Card | Rs. 750 p.a. | Nil Charges | NIL Charges |
| Annual Fee – Privy League Signature Debit Card | Rs. 2000 p.a. | * | NIL Charges | |
| Card Replacement | Lost / Stolen Card | Rs. 200 | * | NIL Charges |
| Other Charges: | ||||
| Account Related | ||||
| AQB Non - maintenance <> | Non maintenance charges per quarter | If AQB < 50% of the required Product AQB | Not applicable till the time the customer is under Privy Program | Not applicable till the time the customer is under Privy Program |
| If AQB >=50% but < 100% of the required Product AQB | ||||
| Account Closure Charges | Customer Indused Closure | <30 Days & > 181 Days: Nil; 31 - 181 Days: Rs. 600 | <30 Days & > 181 Days: Nil; 31 - 181 Days: Rs. 600 | |
| Cheque Returns <> | ||||
| Cheques Deposited & Returned (Outward) | Local & Out-station | Rs. 100 per Cheque | Nil charges upto 10 p.m.; thereafter Std Charges |
Nil charges upto 10 p.m.; thereafter Std Charges |
| Cheques Issued and Returned (Inward) & ECS returns | Financial Reasons | Rs. 500/instance | * | * |
| SMS Alerts & Updates | ||||
| Balance (Daily/Weekly), Txn & Value Added Alerts | SMS - Rs. 0.50 per SMS Email - Nil charges |
NIL | NIL Charges | |
| Charges Common for All Products | ||||
| Account Statements (Through Email -Nil charges ) | ||||
| Monthly | Physical ( Via Courier) | Rs. 15 p.m. | * | NIL Charges |
| Weekly | Physical | Rs. 300 per Quarter | * | * |
| Annual Combined Statement (Physical) | Through Branch & Phone Banking : Rs 100 | * | NIL Charges | |
| Ad- hoc Statements Request | At Branch/ Phone Banking | <=365 Days: Rs.100 | * | * |
| >365 Days: Rs. 200 | * | * | ||
| On Net Banking/ ATM | Rs. 50 | * | NIL Charges | |
| Foreign Currency Payments & Collections | ||||
| DD Issuance/DD Cancellation /DD Revalidation/Cheque Collection | Rs. 500 | * | * | |
| TT Transfer ~ | Corr Bank Chrgs Borne by Beneficiary | Rs. 250 | * | * |
| Corr Bank Chrgs Not Borne by Beneficiary | Rs. 1000 | * | * | |
| Cheque Deposited and Returned ~ / Cheque Issued and Returned ~ <> (Financial Reasons) | Rs. 1000 | * | * | |
| Miscellaneous Charges | ||||
| PIN Regeneration | ATM/ Phone/ Net Banking (only if sent through courier) | Rs.50 | * | Nil charges |
| Fund Transfer Return | Financial Reasons | Rs.300 | * | * |
| Cheque Purchase Charges | Rs. 0.5/1000/Day | * | * | |
| Travelers Cheque Encashment ~ | 1% of TC Amount | * | * | |
| Mandate Registration Charges | Rs.50/Instance | Nil Charges | Nil Charges | |
| Standing Instruction | Set-up & Failure | Rs.100 | * | Nil Charges |
| Amendment | Rs.25 | * | Nil Charges | |
| TDS Certificate(Duplicate only) | Rs. 200/Request | * | * | |
| Interest Statement(Duplicate only)/ Stop payment/ DD/BC Cancellation & Revalidation/Signature Verification/Address Confirmation/Balance Statement(Other than 31st March)/Record retrieval charges/Photo Attestation | Rs.100/Request | * | Nil Charges | |
| Solvency Certificate | Rs. 10000 | * | * | |
| Confidential Report/Credit Confirmation/ TOD Charges | Rs. 500 | * | * | |
| GST on Foreign Currency Conversion Charges (FCY) ~ | ||||
| Value of purchase or sale of Foreign Currency | Value on which GST rate will be applicable | |||
| Up to 1,00,000 | 1% of the gross amount of currency exchanges or minimum of Rs.250/- | |||
| 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/- | |||
| The General Schedule of Features and Charges (GSFC) of the respective current account product type will apply to current accounts of Privy League Maxima customers with the exception of Debit Card and ATM | ||||
| charges which will be applied as per the Privy League Prima Current Account GSFC. Please refer GSFC for the respective Current Account product type available on www.kotak.com. | ||||
| Please Note: | ||||
| Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent with Nil charges, even if daily/weekly balance SMS facility has not been subscribed. | ||||
| Transaction & Value Added SMS alert would be sent with Nil charges to the customers who have subscribed for Daily/Weekly Balance Alert facility. | ||||
| * Indicates Standard Charges are Applicable | ||||
| * * 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) | ||||
| *** In case of Privy League Signature Debit card, issuance and annual charge of Rs.2000 will apply to non Optima customers | ||||
| + Additional charges levied by another bank on international ATM transactions will have to be borne by the card holder. | ||||
| 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 Non Privy League members, charges pertaining to the Current Account product held by the customer will be applicable, for details refer to www.kotak.com | ||||
| ¹As part of the Privy League Optima and Insignia programmes, customers enjoy special benefits on pricing, for which customers are to maintain relationship value as per programme requirement. If the relationship value maintained is | ||||
| below the required programme threshold, the Bank reserves the right to levy a charge of Rs. 750/- per account per month after giving a notice of 30 days | ||||
| Abbreviations Used: For all value figures L = Lakhs & K - Thousand; Prev = Previous; Chq = Cheque; Std = Standard; Chrg = Charge; Txn= Transaction; p.m.=per month; p..a.= per annum; Avg = Average; FCY= Foreign Currency; | ||||
| Corr = Correspondent; TOD = Temporary Overdraft; w/o = without | ||||
| ²Privy League Insignia is offered to Individuals who must hold a savings account also. | ||||
| # Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular | ||||
| ## Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction. | ||||
| ~~~Non Financial transactions are Balance Inquiry , Mini Statement & PIN Change. | ||||
| ~ Any purchase / sale of foreign exchange will attract GST on the gross amount of currency exchanged as per GST on Foreign Currency Conversion Charges (FCY) table above. | ||||
| ~~Customers under the Privy League Programme holding Mastercard debit card(s) will not be charged any issuance/ annual fee on the Primary/ Add-on Debit Card. However once the customer moves out of the Privy League Programme then | ||||
| standard charges for Debit Card as per the respective account GSFC will apply. Standard charges will apply to Privy League customers holding Infinite/Switch debit card. | ||||
| Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs 300/- per rejection | ||||
| @ Nil charges Cash Deposit Limits & Cash Handling Charges for OD Accounts: | ||||
| Nil charges Limit (Home Branch Location Only): Home branch location is defined as all the branches belonging to the same clearing zone in which the account is opened | ||||
| • For CA with Agri Finance Overdraft Account (ODAGR) facility - 1 times of previous month’s Avg OD Utilization or Avg Debit Balance and 5 times of the previous month's Avg Credit Balance or Rs.4 lakhs whichever is higher. | ||||
| • Charges Beyond Nil charges Limit: Rs 3.5/1000 of cash deposited and part thereof + GST as applicable. | ||||
| Kotak Synergy Current Account is available to customers of other businesses within the group, same features & charges as EDGE (CAEDG) Current Account are applicable at a reduced AQB of Rs 10,000. Features & charges as ELITE (CAELT) Current Account are offered at NIL AQB for all below mentioned accounts, except ODRET (Retail Overdraft Account) where charges as EDGE Current Account are offered at NIL AQB. Home Banking services which will be offered at standard charges plus registration fee of Rs 250/- per annum for these customers. | ||||
| Please refer GSFC for CA ELITE & CA EDGE Current Account available on www.kotak.com. For all other overdraft products/ facilities the respective product/ facility GSFC will apply. | ||||
| Product Name | Business Group | Product Name | Business Group | |
| Retail Overdraft Account (ODRET) | Business Banking Group | Business Finance Current Account (CABFA) | Business Banking Group | |
| Kotak Logistics Overdraft Account (ODLOG) | Commercial Vehicles Finance Division | Agri Finance Overdraft Account (ODAGR) | Agri Finance Division | |
| Business Plus Current Account (CAPPV) | Home Finance Division | Business Current Account (CABUS) | Personal Loan Divison | |
| Business Plus Current Account | Home Finance Division | Business Current Account | Personal Loan Divison | |
| Features and charges of respective account variant will apply to the below mentioned accounts held by Privy League customers with the exception of Debit Card and ATM Charges which will be applied as per Privy League Current Account | ||||
| GSFC. Please refer GSFC for the respective account on www.kotak.com or at the nearest Kotak Mahindra Bank Branch : | ||||
| Special Current Account - Others, PCG Current Others, Institutional Current Account, Institutinal Current Account, Current Account Banks, Current Account - SUPREME, Current Account - ESTEEM, Current Account - ELITE, | ||||
| Current Account - EEFC, Current Account - Banks, Current Account - ACCESS, Co-Operative Current Accounts, Co-Operative Current Account - Others, Produce Loans, General Credit Card, Current Account ZBA - IVL. | ||||
| <> Indicates penalty charges | ||||
| ^Intercity clearing charge on cheque collections is levied to the payee, in case, the cheque is realised at a location which is other than the clearing sector where the account is maintained | ||||
| The above charges are applicable for all states other than Jammu & Kashmir. GST is applicable in the state of Jammu & Kashmir. For charges applicable to Jammu & Kashmir, please contact the respective Branch Manager. | ||||
| ^^ Each On-Call Cash pick up / delivery greater than Rs 5 Lacs will be charged to all Current Account variants / Prima Program customers at Rs 4600 flat per request (plus applicable GST). Such charges will not be subject to any discount applicable to the Account Variant. | ||||
| 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. | ||||
| 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.” | ||||
| Under Home Banking cash pick up services (On Call & Beat), lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted. | ||||
| Beat Cash Pick up : - Beyond city location will be charged 0.25/1000 (plus applicable GST). | ||||
| General Schedule of Fees & Charges For PRIVY LEAGUE NRE / NRO | |||||||
|---|---|---|---|---|---|---|---|
| Accounts Effective 1st May 2022 (Amount in Rs. Unless otherwise specified) | |||||||
| Particulars | Standard Charges | PRIVY LEAGUE NR Prima Savings / Current A/C | NR PRIVY LEAGUE Magna Savings/Current A/c | PRIVY LEAGUE NR Optima Savings / Current A/C | PRIVY LEAGUE NR Insignia Savings A/C | ||
| Average Monthly Balance (AMB) required under Grouped accounts | 10,000 (in individual NRE/NRO account) | 50000.0 | 1,00,000 | 1,00,000 | 2,00,000 | ||
| REMITTANCE | |||||||
| DD at Branch Location / Pay Order | 2.5 per 1000 (Min 50 Max 10000) | Nil | Nil | Nil | Nil | ||
| DD at other than Branch Location | 2.5 per 1000 (Min 50 Max 10000) | Nil up to 100K per day | Nil up to 200K per day | Nil up to 200K per day | Nil | ||
| FCY DD^^ | 500.0 | * | * | * | Nil | ||
| FCY TT-Corr. Bank Charges borne by beneficiary^^ | 250.0 | * | * | * | Nil | ||
| FCY TT-Corr. Bank Charges not borne by beneficiary^^ | 1000.0 | * | * | * | Nil | ||
| DD / PO / BC Revalidation / Cancellation - INR | 100.0 | * | * | * | Nil | ||
| DD / PO / BC Revalidation / Cancellation - FCY^^ | 500.0 | * | * | * | Nil | ||
| Fund Transfer | Nil | Nil | Nil | Nil | Nil | ||
| NEFT (Per Transaction) | Upto 10,000: Rs. 2; 10,001 to 1,00,000: Rs.4; 1,00,001 to 2,00,000: | Nil | Nil | Nil | Nil | ||
| Rs.14; > 2,00,000: Rs. 24 | |||||||
| RTGS (Per Transaction) | 200000 to 500000 : Rs.20; >500000 : Rs.40 | Nil | Nil | Nil | Nil | ||
| COLLECTION | |||||||
| Local Clearing Cheque | Nil | Nil | Nil | Nil | Nil | ||
| Outstation Cheque Collection Charges - Branch Location (Per Instrument) | Cheques drawn on Non-Speed Clearing Locations: Instrument value up to. 500 - Nil; > 500 to 5,000 = 20; > 5,000 to 10,000 = 35; > 10,000 to 1,00,000 = 85; > 1,00,000 = Nil Cheques drawn on Speed Clearing Branches (Irrespective of any value) : Nil | Nil | Nil | Nil | Nil | ||
| Outstation Cheque Collection Charges - Other than Branch Location (Per Instrument) | Cheques drawn on Non-Speed Clearing Locations: Instrument value up to. 500 - Nil; > 500 to 5,000 = 20; > 5,000 to 10,000 = 35; > 10,000 to 1,00,000 = 85; > 1,00,000 = Nil Cheques drawn on Speed Clearing Branches (Irrespective of any value) : Nil | Nil | Nil | Nil | Nil | ||
| TC Encashment^^ | 0.3% of TC Amount (Min 50) | Nil | Nil | Nil | Nil | ||
| FCY Cheque Collection^^ | 500.0 | Nil | Nil | Nil | Nil | ||
| ANY BRANCH BANKING CHARGES | |||||||
| Cash Deposit at Home / Non Home Location | 3.5 per 1000 (Min Rs. 100) | Nil up to 5 txn per month Or Rs. 15 lac per month for Savings and Nil upto 15 lac for Current. | Nil | Nil | Nil | ||
| Cash Withdrawal at Home Location | Nil | Nil | Nil | Nil | Nil | ||
| Cash Withdrawal at Non-Home Location | 3.5 per 1000 (Min Rs. 100) | Nil | Nil | Nil | Nil | ||
| CHEQUE RELATED CHARGES | |||||||
| At-par Cheque Book Charges | 1.5 per cheque leaf | Nil | Nil | Nil | Nil | ||
| Non At-par Cheque Book Charges | 1.5 per cheque leaf | Nil | Nil | Nil | Nil | ||
| Cheque Issued & Returned (Financial Reason) | 350 for first return in a month thereafter 750 for each additional return in the same month | * | * | * | * | ||
| Cheque Issued & Returned (Technical Reason) | 50.0 | * | * | Nil | Nil | ||
| ECS Return / Cheque Issued & Returned (Financial Reason) | 350 per cheque for first return in a month thereafter 750 per cheque for cheque returned the same month | * | * | * | * | ||
| Cheque Deposited & Returned (INR) | 200.0 | * | * | Nil | Nil | ||
| Cheque Deposited & Returned (FCY) | 1000.0 | 250.0 | 100.0 | 100.0 | Nil | ||
| DEBIT CARD ANNUAL CHARGE | |||||||
| Privy League Platinum Debit Card | 750.0 | Nil | Nil | Nil | Nil | ||
| Privy League Signature Debit Card**** | 2000.0 | * | * | Nil | Nil | ||
| Replacement of Lost / Stolen Debit Card | 200.0 | Nil | Nil | Nil | Nil | ||
| ATM TRANSACTION CHARGES | |||||||
| Kotak Bank's ATM - Cash Withdrawal / Non-Financial Transactions | Nil | Nil | Nil | Nil | Nil | ||
| Other Domestic ATMs - Cash Withdrawal / Non-Financial Transactions | Cash Withdrawal - 20/txn Non Financial - 8.5/ txn | Nil | Nil | Nil | Nil | ||
| Cash Withdrawal / Non-Financial Transaction at International ATM | Cash Withdrawal - 150/txn Non Financial - 25/ txn | Nil | Nil | Nil | Nil | ||
| Transactions declined at merchant outlets/websites/ATMs, due to insufficient balance | 25 per transaction | Nil | Nil | Nil | Nil | ||
| HOME BANKING CHARGES | |||||||
| Cash Pick-up / Delivery | 175 / txn | 10 Calls per month - Nil | Nil | Nil | Nil | ||
| Instrument Pick-up / Delivery | 75 / txn | 10 Calls per month - Nil | Nil | Nil | Nil | ||
| STANDING INSTRUCTION | |||||||
| Standing Instruction - Set-up | 100.0 | Nil | Nil | Nil | Nil | ||
| Standing Instruction - Amendment | 25.0 | Nil | Nil | Nil | Nil | ||
| Standing Instruction - Execution | Nil | Nil | Nil | Nil | Nil | ||
| Standing Instruction - Failure | 200.0 | * | * | Nil | Nil | ||
| CERTIFICATE & REPORT ISSUANCE CHARGES | |||||||
| Current Year Balance and Interest Statement | Nil | Nil | Nil | Nil | Nil | ||
| Previous Year Balance and Interest Statement | 100.0 | Nil | Nil | Nil | Nil | ||
| Signature Verification Certificate | 25.0 | Nil | Nil | Nil | Nil | ||
| Photo Attestation | 50.0 | Nil | Nil | Nil | Nil | ||
| Address Confirmation | 50.0 | Nil | Nil | Nil | Nil | ||
| Duplicate TDS Certificate | 100.0 | Nil | Nil | Nil | Nil | ||
| ACCOUNT STATEMENT & PASSBOOK | |||||||
| Physical Account Statement (Quarterly) | Nil | Nil | Nil | Nil | Nil | ||
| Monthly E-mail Account Statement | Nil | Nil | Nil | Nil | Nil | ||
| Account Statement Weekly (Physical) | 100 Per Month | * | * | * | Nil | ||
| Account Statement Daily (Physical) | 500 Per Month | * | * | * | Nil | ||
| Annual Combined Statement (Physical) | Through Net Banking: Free, Through Branch: 85; Through Phone Banking: 110 | * | Nil | Nil | Nil | ||
| Duplicate / Ad-hoc Statement Branch Banking (90 days) | Through Branch: 100; Through Net / ATM: 50 | Nil | Nil | Nil | Nil | ||
| Pass Book (In Lieu of Account Statement) | Nil | Nil | Nil | Nil | Nil | ||
| Foreign Inward remittance certificate | 100.0 | Nil | Nil | Nil | Nil | ||
| Duplicate Passbook | 250.0 | Nil | Nil | Nil | Nil | ||
| OTHER CHARGES | |||||||
| Non Maintenance Charge (Monthly)^^^^ | NA | NA | NA | NA | NA | ||
| Regeneration of PIN | 50 (Applicable in Pin is set through Post) | Nil | Nil | Nil | Nil | ||
| Image Debit Card Issuance Fee** | 199.0 | * | * | * | * | ||
| MyTeam Image Debit Card issuance charge** | 599.0 | * | * | * | * | ||
| Stop Payment - Single / Range of Cheques | 100: Over Net Banking - Nil | Nil | Nil | Nil | Nil | ||
| Account Closure (if closed after 1 month and before 7 months of A/c Opening) | NA | 500.0 | 500.0 | 500.0 | 500.0 | ||
| Email alert subscription | 25 per qtr. | Nil | Nil | Nil | Nil | ||
| Tax Collection Charge through Internet Banking | Nil | Nil | Nil | Nil | Nil | ||
| Tax Collection Charge at Branch | 100.0 | Nil | Nil | Nil | Nil | ||
| TOD Charges | 500.0 | * | * | * | * | ||
| Cheque Purchase Charges | 0.5 / 1000 (Min 50 Max 10000) | * | * | * | * | ||
| Record Retrieval Charges | 100 per request | Nil | Nil | Nil | Nil | ||
| Inoperative A/c for more than 1 year <> | NA | Nil | Nil | Nil | Nil | ||
| Activation of Inoperative Account | Nil | * | Nil | Nil | Nil | ||
| *Indicates Charged Service. Applicable Charges will be as per Standard Charge. | |||||||
| ^across all accounts where Primary Privy League customer is the first holder | |||||||
| #PINS = Portfolio Investment Account. Charges indicated in the GSFC above are over and above PINS, demat and trading account charges | |||||||
| ***Not available on NRO debit card. NA = Not Applicable | |||||||
| GST slabs that are applicable for currency conversions: | |||||||
| 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 charges or minimum of Rs. 250/- | ||||||
| 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. 5,500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs. 60,000/- | ||||||
| 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 | |||||||
| Bank reserves the right to charge @ Rs. 50 per txn for exceeding 30 txn per month in case the txn in savings account is of business / commercial nature. | |||||||
| ^^^^For NR Privy league customers - The Bank shall review the relationship value on a periodical basis, if the same is below the programme threshold value, then the Bank shall reserve the right to levy penalty charges of Rs 3000/- p.a. after giving a notice of 30 days | |||||||
| + Additional charges levied by another bank on international ATM transitions will also have to be borne by the card holder | |||||||
| 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) | |||||||
| +' Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder | |||||||
| The bank will charge cross currency mark-up charge 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 the transaction | |||||||
| Non-financial transactions are Balance Enquiry, Mini statement & PIN Change | |||||||
| **Image Debit Card / MyTeam Image Debit Card will not be available for NRO accounts. | |||||||
| ~~ Customer under the Privy League Programme holding debit card(s) other than Privy League Platinum / Privy League Signature will not be charged any annual fee on the Debit Card. However once the customer moves out the Privy League Programme then standard charges as per the respective account GSFC will apply. | |||||||
| ***Annual charge of Rs. 2000 will apply for Privy League Signature Debit Card issued to non Optima / Insignia Customers | |||||||
Current criteria
| Prima | Optima | Insignia | Maxima* |
|---|---|---|---|
Average Monthly Balance of over Rs. 2 Lakhs in Savings Accounts |
Average Monthly Balance of over Rs. 10 Lakhs in Savings Accounts. |
Relationship Value (RV)^ of Rs. 1 Cr while maintaining an Average Monthly Balance of over Rs. 2 lakh in Savings Accounts |
Relationship Value (RV)^ of Rs. 2 lakh while maintaining an Average Monthly Balance of over Rs. 50,000 in Savings Accounts or Rs. 50,000 in Current Accounts |
* Privy League Maxima Plan is available only in select locations. **All mutual funds and insurance policies subscribed/bought through Kotak Mahindra Bank respectively will be considered. |
|||
Below is the revised Privy League eligibility criteria applicable on your programme effective 1st November, 2022
New Criteria
| Prima | Optima | Insignia | Maxima* |
|---|---|---|---|
For Relationships with Savings account
Average Monthly Balance of over Rs. 2 Lakhs in Savings Accounts OR Maintain Relationship Value (RV)^ of Rs. 10 Lakhs
For relationships with both Current and Savings accounts:
Average Monthly Balance of over Rs. 5 Lakhs in Current Account OR Maintain Relationship Value (RV)^ of Rs. 10 Lakhs |
For Relationships with Savings account Average Monthly Balance of over Rs. 10 Lakhs in Savings OR Maintain Relationship Value (RV)^ of Rs. 30 Lakhs
For relationships with both Current and Savings accounts:
Average Monthly Balance of over Rs. 15 Lakhs in Current Account OR Maintain Relationship Value (RV)^ of Rs. 30 Lakhs |
Maintain Relationship Value (RV)^ of Rs. 1 Cr | Maintain Relationship Value (RV)^ of Rs. 3 lakh while maintaining an Average Monthly balance of over Rs. 1 lakh in Savings Accounts or Rs. 1 lakh in Current Accounts |
* Privy League Maxima Plan is available only in select locations. ^Relationship Value (RV) is a total of balances across all your savings & current accounts, Fixed deposit, mutual funds (including structured products)** and insurance premiums** paid to date. **All mutual funds and insurance policies subscribed/bought through Kotak Mahindra Bank respectively will be considered. |
|||
Clients can experience benefits of a particular tier by being upgraded to the same basis the necessary eligibility criteria
| Prima | Optima |
|---|---|
Net monthly salary credit of min. Rs.1,00,000 in Kotak Corporate Salary account |
Net monthly salary credit of min. Rs.3,00,000 in Kotak Corporate Salary account |
| Ac Type | Applicable Privy Programme | Type of Loan | Loan amount |
|---|---|---|---|
SA |
Prima |
Car Loan |
> 20 & <= 30 Lac |
Home Loan |
>75 lac & <= 1.5 cr |
||
Optima |
Car Loan |
> 30 & above |
|
Home Loan |
>1.5 Cr & above |
||
CA |
Prima |
Business Loan |
>15 lac & <=25 lac |
LAP |
>=1.5 cr & < 2 cr |
||
Working capital (CC/OD) |
>=2 cr & < 5 cr |
||
Optima |
Business Loan |
>25 lac & above |
|
LAP |
> = 2 Cr & above |
||
Working capital (CC/OD) |
> = 5 Cr & above |
The said offering will be applicable to the relationship for the period of one year from the date of account opened under Privy League Programme or upgraded to Privy League programme
| NR Privy League Insignia | NR Privy League Optima | NR Privy League Prima |
|---|---|---|
Combined Relationship Value (RV)^ >= 1 Crore with Savings Account Average Monthly Balance (AMB) >= INR 2 Lakhs |
Combined Relationship Value (RV)^ > INR 30 Lakhs with Savings Account Average Monthly Balance (AMB) > INR 1 Lakh |
Combined Relationship Value (RV)^ > INR 5 Lakhs with Savings Account Average Monthly Balance (AMB) > INR 50,000 |
^Relationship Value (RV) is a total of balances across all your savings accounts, term deposits, mutual funds (including structured products)* and insurance premiums* paid to date.
*All mutual funds and insurance policies bought through Kotak Mahindra Bank will only be considered
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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
