Terms & Conditions:

^^^ For  Eligibility Criteria for Neon- refer to the website -  https://www.kotak.com

For Saving balance requirement of your account variant  - refer to the website - /content/kotakcl/en/personal-banking/accounts/savings-account.html
Group is defined as a combination of all Savings and Current accounts of immediate family members or business entities grouped under Privy League.

##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

To note: Texture Signature Card applicable only to Privy League Neon Customers
LED Signature Card applicable to only Privy League Platinum Customers
Metal Art Card applicable to only Privy League Black Customers
In case if a customer is being regraded to lower tiers, standard charges for cards will be applicable

+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   Privy  League  Neon/ Platinum/Black  will  not  be  charged  any  issuance/  annual  fee  on  the Primary/  Addon  Debit  Card, except for upsell cards. 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.

In case any Privy League customer who holds an older upsell Privy League Card INR 750 will continue to apply. For Instance, a Prima customer who holds an Optima card or an Optima customer who holds an Insignia card shall continue to pay Rs. 750 as annual charges

### 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 all Signature  Debit  Cards and 1.5% on Privy Infinite Debit Card.  The  exchange  rate  used  will  be  the  VISA/Master  Card  wholesale  exchange  rate prevailing at the time of transaction. Tax Collected at Source on all such transactions will be applicable at prevailing rates as per the prevailing law.

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 Platinum/Black Customers

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

Debit Card issuance fee for Corporate Salary schemes is Nil, (excluding PVR debit card).

Debit Card Annual fee mentioned for Corporate Salary schemes is Nil subject to salary credit/ AMB requirement,(excluding PVR debit card).

Effective 1st Nov, 24 a Dynamic Currency Conversion (DCC) mark-up fee of 1% plus GST will be applicable on your Kotak Bank Debit Card for: transactions done in Indian currency (INR) at international locations or transactions done in Indian currency (INR) with merchants located in India but registered in an international locations. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions