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League Signature Credit Card from Kotak Bank

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

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

The General Schedule of features and charges in regional language is available at your nearest Kotak Mahindra Bank Branch.

The NR Privy League General Schedule of Features and Charges (GSFC) for NR Savings Account will be revised with effect from May 1, 2022. NR Privy League Prima, Magna and Optima click here.

Savings Account - Fees and Charges

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
Fund Transfers	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
	Cash Pick Up/ Delivery	Standard Charges^^^	50% of the standard charges^^^ for 1 request per month, thereafter standard charges^^^	Nil charge for 1 request per week, thereafter standard charges^^^
	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
Statements & Alerts	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: 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
	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/-
Above Rs. 10,00,000
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 ([email protected]). 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 General Schedule of features and charges in regional language is available at your nearest Kotak Mahindra Bank Branch.

View the General Schedule of Fees and Charges applicable on your account effective April 10th, 2022 by clicking here.

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
Demand Draft/ Banker's Cheque	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	*	*
On Call Requests	Cash Pick Up/ Delivery^^	Up to 2 lacs: Rs 750/- per Req, Rs 2 Lacs to Rs 4 lacs: 1250/- 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	*	*
Beat Service	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
Other Bank's VISA ATMs - Domestic	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
Other Bank's VISA ATMs - International	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
Debit Card 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
AQB Non - maintenance <>	Non maintenance charges per quarter	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	*	*
	At Branch/ Phone Banking	>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	*	*
TT Transfer ~	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
Standing Instruction	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 ([email protected]) [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).

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

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
NEFT (Per Transaction)	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/-
Above Rs. 10,00,000/-
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 ([email protected])
+' 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

Resident Individual Privy

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	Maxima*
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	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.

Corporate Salary Privy

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.1,50,000 in Kotak Corporate Salary account	Net monthly salary credit of min. Rs.3,00,000 in Kotak Corporate Salary account

Lending Product Holders

Ac Type	Applicable Privy Programme	Type of Loan	Loan amount
SA	Prima	Car Loan	> 20 & <= 30 Lac
	Prima	Home Loan	>75 lac & <= 1.5 cr
	Optima	Car Loan	> 30 & above
	Optima	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

NRI Privy League

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 OR Savings Account Average Monthly Balance (AMB) > 10 L	Combined Relationship Value (RV)^ > INR 5 Lakhs with Savings Account Average Monthly Balance (AMB) > INR 50,000 OR Savings Account Average Monthly Balance (AMB) > INR 2 Lakhs

^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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