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  1. Home
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Privy offerings

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Privy Services by Kotak Mahindra Bank
  • Services
  • Products
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Our Services

Discover sophisticated personalized services, a more rewarding in-branch experience and a wide array of banking products, services and investment solutions.

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Priority Servicing

Service that puts your wishes first before the rest. Every time.

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Lifestyle Privileges

Invitations to exclusive events that suit your style & an e-magazine subscription to keep you updated.

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Kotak-Privy-Convenience-Banking

Convenience Banking

Access your account or transact using Internet or phone based services, home banking, email banking… it’s that simple!

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Foreign Exchange

Transact online with ease for the widest range of Forex solutions.

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Transaction Banking Solutions

Payments, liquidity management or office administration solutions, we’ve got all your business needs covered.

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NRI Lifestyle Privileges

Packed with unparalleled perks that are a class apart, at home and abroad.

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Preferential Pricing

Enjoy preferential pricing and reduced transaction charges across banking and investment products.

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Kotak-Privy-Trade-Solutions

Trade Solutions

A dedicated compliance desk guides you through all your import-export needs via our tailored Global Trade Account.

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Our Products

Your banking and finance needs change as you grow. Our products will support you through every stage.

Savings Account

Privy League Savings Account

Everything you need, in one account with a wide range of products and services.

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League Signature Credit Card from Kotak Bank

Privy League Visa Signature Credit Card

Earn reward points while you spend. Redeem the points for movie tickets, air miles, etc. Spend more to earn more!

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Privy League VISA Signature Debit Card

A host of advantages for the smart globetrotter.

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Privy League VISA Platinum Debit Card

Privileged services and insurances built in for a worry-free experience.

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Current-Account

Current Account

Preferential rates on services, a host of benefits and higher cash withdrawal limits for all your business needs makes this a no-brainer.

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Delight Platinum Credit Card

Enjoy to the fullest with delightful cashbacks on dining and movie spends round the year.

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Debit Card - Privy League Platinum Debit Card - Kotak Mahindra Bank

Privy League Visa Business Platinum Debit Card

Enjoy benefits tailored to your needs on the go.

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Debit Card - Privy League Signature Debit Card - Kotak Mahindra Bank

Privy League Visa Business Signature Debit Card

Compliment your business expenses with this exclusive card.

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Credit and Lending Solutions

Working capital, loans, overdafts - customized solutions from experts for your varied business requirements.

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Apply for Corporate Platinum Credit Card from Kotak Bank

VISA Platinum Corporate Credit Card

Helps you keep business expenses in check while enjoying curated services from us.

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Invest with ease

Expert help with financial planning as you pick the right investment from our bouquet of offerings.

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Get the smart suite edge

Optima and Insignia customers have the edge with loans, equity and credit solutions.

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Credit Solutions

Choose the smart way to finance your dreams - flexible schemes with hassle-free paperwork and quick processing.

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Our Plans

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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Maxima

Be a Maxima member and enjoy a host of benefits.                                                                                                                          

*Disclaimer

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Prima-Privy

Prima

Curated range of benefits to enter the world of unmatched experiences

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Optima-Privy

Optima

Comprehensive benefits and customized services that stand by you at every stage of your life.

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Insignia-Privy

Insignia

Insignia brings lifestyle privileges and exclusive perks for nobody else but an unparalleled you.

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NRI Privy Plans

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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NRI Prima

Be a NRI Prima member and enjoy a range of benefits

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NRI Optima

Be an Optima member and enjoy extended benefits.

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NRI Magna

Be a NRI Magna member and enjoy a host of benefits

Know more

                                                                         Disclaimer: *Privy League Maxima Plan is available only in select locations.


Savings Account - Fees and Charges

Particulars Prima 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
UPI Transactions ^ Nil charges up to 50 UPI fund transfers every month, thereafter Between 51 – 100 txns - Rs. 3 for txn value <= Rs. 1000 and Rs. 6 for txn value > Rs. 1000 & Post 100 transactions Rs. 4 for txn value <= 1000 and Rs. 7.5 for txn value > Rs. 1000. Merchant payments , online shopping, bill payments etc done via UPI 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) Nil charges upto 10 transactions or
Rs. 5 Lakh/ month whichever is earlier. Post free limits, charged at Rs 3.5/ 1000 with minimum
Rs 150
Nil charges upto 10 transactions or
Rs. 15 Lakh/ month whichever is earlier. Post free limits, charged at Rs 3.5/ 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
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 Cheque Pick Up/ Delivery Nil charges upto
10 calls/month, thereafter Rs.150 per visit
Nil Nil
Cash Pick Up/ Delivery 75% of Charges up to 1 request per month basis standard charge^^, thereafter standard charges 50% of Charges up to 1 request per month basis standard charge^^ thereafter standard charges 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) Daily SMS - 30/ Qtr , Weekly SMS - 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: Rs. 1200
TOD: Rs. 500; Cheque
Purchase Charges: 0.5/1000 (Min 50, Max 10000);
A/c Closure charges: Rs.1200
TOD: Rs.500; Cheque
Purchase Charges: 0.5/1000 (Min 50; Max 10000)
A/c Closure charges: Rs.1200
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
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.
^ 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 50 UPI funds transfers & same charges will be applicable.
^^ Up to 2 lacs: Rs 1000/- per Req; Rs 2 Lacs to Rs 5 lacs: 1500/- per Req; 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.
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.”

Current Account - Fees and Charges

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;
Rs. 100001 to Rs. 200000: 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. 150/- per request Nil charges up to 7 req per month there after 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 25% of Charges up to 1 req per month there after Std Charges NIL Charges
Beat Service Cash Pickup Rs. 1.25/1000 Cash Pickup 50% discount on Std. charges for one location; thereafter Std. charges 1st location - Nil Charges;
2nd location onwards - 50% discount on Std. charges;
thereafter Std. charges
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. 20 p.m.
Email - Nil charges
NIL Charges 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.”

Savings & Current Account - Fees and Charges for Privy NR Customers

Accounts Effective from July 1, 2019 (Amount in Rs. Unless otherwise specified)

Particulars Standard Charges PRIVY LEAGUE NR Prima Savings / Current A/C PRIVY LEAGUE NR Magna Savings / Current A/C PRIVY LEAGUE NR Optima Savings / Current A/C
Average Quarterly Balance (AQB) required under Grouped accounts NA 50000 1,00,000 1,00,000
REMITTANCE
DD at Branch Location / Pay Order 2.5 per 1000 (Min 50 Max 10000) 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
FCY DD^^ 500 * * *
FCY TT-Corr. Bank Charges borne by beneficiary^^ 250 * * *
FCY TT-Corr. Bank Charges not borne by beneficiary^^ 1000 * * *
DD / PO / BC Revalidation / Cancellation - INR 100 * * *
DD / PO / BC Revalidation / Cancellation - FCY^^ 500 * * *
Fund Transfer 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:
Rs.14; > 2,00,000: Rs. 24
Nil Nil Nil
RTGS (Per Transaction) 200000 to 500000 : Rs.20; >500000 : Rs.40 Nil Nil Nil
COLLECTION
Local Clearing Cheque Nil Nil Nil Nil
Outstation Cheque Collection Charges - Branch Location (Per Instrument) Cheques drawn on Non-Speed Clearing Locations: Instrucment 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
Outstation Cheque Collection Charges - Other than Branch Location (Per Instrument) Cheques drawn on Non-Speed Clearing Locations: Instrucment 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
TC Encashment^^ 0.3% of TC Amount (Min 50) Nil Nil Nil
FCY Cheque Collection^^ 500.0 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
Cash Withdrawal at Home Location Nil Nil Nil Nil
Cash Withdrawal at Non-Home Location 3.5 per 1000 (Min Rs. 100) Nil Nil Nil
CHEQUE RELATED CHARGES
At-par Cheque Book Charges 1.5 per cheque leaf Nil Nil Nil
Non At-par Cheque Book Charges 1.5 per cheque leaf 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) Nil Nil 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) 100 * * *
Cheque Deposited & Returned (FCY) 1000 250 100 100
DEBIT CARD ANNUAL CHARGE
Privy League Platinum Debit Card 750 Nil Nil Nil
Privy League Signature Debit Card**** 2000 * * Nil
Replacement of Lost / Stolen Debit Card 200 Nil Nil Nil
ATM TRANSACTION CHARGES
Kotak Bank's ATM - Cash Withdrawal / Non-Financial Transactions Nil Nil Nil Nil
Other Domestic ATMs - Cash Withdrawal / Non-Financial Transactions Cash Withdrawal - 20/txn Non Financial - 8.5/ txn Nil Nil Nil
Cash Withdrawal / Non-Financial Transaction at International ATM Cash Withdrawal - 150/txn Non Financial - 25/ txn Nil Nil Nil
Transactions declined at merchant outlets/websites/ATMs, due to insufficient balance 25 per transaction Nil Nil Nil
HOME BANKING CHARGES
Cash Pick-up / Delivery 175 / txn 10 Calls per month - Nil Nil Nil
Instrument Pick-up / Delivery 75 / txn 10 Calls per month - Nil Nil Nil
STANDING INSTRUCTION
Standing Instruction - Set-up 100.0 Nil Nil Nil
Standing Instruction - Amendment 25 Nil Nil Nil
Standing Instruction - Execution Nil Nil Nil Nil
Standing Instruction - Failure 25 Nil Nil Nil
CERTIFICATE & REPORT ISSUANCE CHARGES
Current Year Balance and Interest Statement Nil Nil Nil Nil
Previous Year Balance and Interest Statement 100 Nil Nil Nil
Signature Verificaiton Certificate 25 Nil Nil Nil
Photo Attestation 50 Nil Nil Nil
Address Confirmation 50 Nil Nil Nil
Duplicate TDS Certificate 100 Nil Nil Nil
ACCOUNT STATEMENT & PASSBOOK
Physical Account Statement (Quarterly) Nil Nil Nil Nil
Monthly E-mail Account Statement Nil Nil Nil Nil
Account Statement Weekly (Physical) 100 Per Month * * *
Account Statement Daily (Physical) 500 Per Month * * *
Annual Combined Statement (Physical) Through Net Banking: Free, Through Branch: 85; Through Phone Banking: 110 * Nil Nil
Duplicate / Ad-hoc Statement Branch Banking (90 days) Through Branch: 100; Through Net / ATM: 50 Nil Nil Nil
Pass Book (In Lieu of Account Statement) Nil Nil Nil Nil
Foreign Inward remittance certificate 100 Nil Nil Nil
Duplicate Passbook 250 Nil Nil Nil
OTHER CHARGES
Non Maintenance Charge (Quarterly) NA NA NA NA
Regeneration of PIN 50 (Applicable in Pin is set through Post) Nil Nil Nil
Image Debit Card Issuance Fee** 199 * * *
Stop Payment - Single / Range of Cheques 100: Over Net Banking - Nil Nil Nil Nil
Account Closure (if closed after 1 month and before 7 months of A/c Opening) NA 1200 1200 1200
Email alert subscription 25 per qtr. Nil Nil Nil
Tax Collection Charge through Internet Banking Nil Nil Nil Nil
Tax Collection Charge at Branch 100 Nil Nil Nil
TOD Charges 500 * * *
Cheque Purchase Charges 0.5 / 1000 (Min 50 Max 10000) * * *
Record Retrieval Charges 100 per request Nil Nil Nil
Inoperative A/c for more than 1 year <> NA Nil Nil Nil
Activation of Inoperative Account 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 reseve 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 transationcs 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 prevailling at the time of the transaction
Non-financial transactions are Balance Enquiry, Mini statement & PIN Change
**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


Clients can experience benefits of a particular tier by being upgraded to the same basis maintaining the necessary eligibility criteria at a group level.

Prima Optima Insignia
Average Monthly Balance of over Rs. 2 Lakhs in Savings Accounts

OR

Average Monthly Balance of over Rs. 5 Lakhs in Current Accounts

OR

Relationship Value (RV)^ of Rs. 10 Lakhs while maintaining an Average Monthly Balance of over Rs. 50,000 in Savings Accounts or Rs. 50,000 in Current Accounts
Average Monthly Balance of over Rs. 10 Lakhs in Savings Accounts

OR

Average Monthly Balance of over Rs. 15 Lakhs in Current Account

OR

Relationship Value (RV)^ of Rs. 30 Lakhs while maintaining an Average Monthly Balance of over Rs. 1 Lakh in Savings Accounts or Rs. 1 Lakh in Current Accounts
Relationship Value (RV)^ of Rs. 1 Cr while maintaining an Average Monthly Balance of over Rs. 2 Lakhs in Savings Accounts

 

Maxima*
Relationship Value (RV)^ of Rs. 2 Lakhs 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.
^Relationship Value (RV) is a total of balances across all your savings & current 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 be considered.

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Please write to us at privileged@kotak.com.
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Reach Us

You are never too far away from quick, efficient banking services. Locate your nearest branch or an ATM

Find nearest branch

privy-callus

Call Us 24/7

For assistance, Call our toll-free helpline at 1800-266-6666, or call at +91-22-6600 6022 if overseas (ISD rates apply)
privy-gethelp

Connect With Us

Please write to us at privileged@kotak.com.
NRI Customers - nriservices@kotak.com

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About us

  • Our Businesses
  • Media Centre
  • Corporate Responsibility
  • Careers
  • DIFC Branch

Investor Relations

  • Financials
  • Governance
  • Investor Info

Customer Service

  • Important Information
  • Grievance Redressal
  • Banking Ombudsman
  • Download Forms
  • Service Requests
  • Track Application Status
  • Do not call

Aadhaar Services

  • Link your Aadhaar
  • Aadhaar Enrollment Center

Calculators & Tools

  • EMI Calculator
  • Goal Planner
  • Life Insurance Premium
  • Recurring Deposit
  • Retirement Calculator
  • Compare Credit Cards

Rates & fees

  • Interest Rates
  • Fees & Charges (GSFC)
  • Goods & Services Tax (GST)

Digital Banking

  • Ways to Bank
  • Insta Services
  • Business & Fintech

Self Help

  • Help Center
  • Chat with Keya

Financial Inclusion

About Merger

Erstwhile ING Vysya

  • Savings Account
  • Current Account
  • Debit Card
  • Loan
  • Institutional Accounts

Others

  • Credit Card T&C
  • Public Notice
  • Regulatory Disclosure
  • USA Patriot Act Certification
  • Wolfsberg AML Questionnaire
  • IFSC Banking Unit
  • Knowledge Centre
  • Auction Cum Sale Notice

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