SA-GSFC

Privy League Savings Account Fees and Charges

Basic Service Fees
Transaction Fees
Transaction Failure Fees
Other Fees

Basic Service Fees

Fee Type	Details	Neon	Platinum	Black
Non maintenance charges	Fee for non maintenance of minimum Monthly Average Balance	25% of the program eligibility Criteria^^^ at group 3 level to be maintained In case of not meeting the above criteria, NMC will be applicable at 6% of shortfall from the Savings Balance Requirement with Max Cap of INR. 600/-	NA	NA
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### Other Domestic ATM - Cash Withdrawal##/ Non financial transactions###	** Nil charges upto 30 transactions in a month (Financial + Non-Financial on Kotak + other bank ATMs); post free limits Rs. 21 for cash withdrawal and Rs. 8.5 for non-financial
	Cash Withdrawal / Non financial transactions ### at International ATM +	Nil
	###/ Declined Transactions at ATM, merchant outlets, websites due to insufficient balance <>(w.e.f April 1,2019) -	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
DD/ Pay order/ Cheque Book	At-par Cheque Book Charges/Cheque Issued and returned (INR)- Non Financial Reason	Nil	Nil	Nil
Other Debit Card related charges~~	Replacement of Debit Card	Nil	Nil	Nil

Transaction Fees

Fee Type	Details	Neon	Platinum	Black
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 7 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
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 variant2	TOD: Rs. 500; Cheque Purchase Charges: 0.5/1000 (Min 50, Max 10000); A/c Closure charges as per account variant2	TOD: Rs.500; Cheque Purchase Charges: 0.5/1000 (Min 50; Max 10000) A/c Closure charges as per account variant2
Debit Card Issuance/Annual Charges~~	Privy League Signature Neon Debit Card - Primary	Nil	NA	NA
	Privy League Signature Neon Debit Card Add On	Nil	NA	NA
	Privy League Signature Platinum Debit Card-Primary	NA	Nil	NA
	Privy League Signature Platinum Debit Card-Add On	NA	Nil	NA
	Privy League Infinite Black Debit Card- Primary	NA	NA	Nil
	Privy League Infinite Black Debit Card- Add On	NA	NA	Nil
	Goquii Wearable	Issuance fee: INR 3499 Annual Fee: INR 259 from 2nd year onwards
	Kotak PVR Debit Card^^^^	Issuance fee – INR 499 Annual fee - INR 499

Transaction Failure Fees

Fee Type	Details	Neon	Platinum	Black
DD/ Pay order/ Cheque Book	FCY - DD/TT/ Cheque Collection/ Revalidation/ Cancellation/ FCY Cheque Deposited and Return	INR 500	INR 250	Nil
	ECS/Cheque Issued & Returned (due to non availability of funds)	INR 500/ instance	INR 500/ instance	INR 500/ instance
	ECS Mandate Verification	Nil	Nil	Nil
	SI Failure	Nil	Nil	Nil
	Cheque deposited and returned (INR)	INR 100	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

Other Fees

Fee Type	Details	Neon	Platinum	Black
Home Banking	Cash or Instrument Pick Up/ Delivery (Rs 150 per visit)	NIL	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	Nil	Nil
Complimentary Services	Passbook (in lieu of Account Statement), Current Year Balance and interest statement, Signature Verification Certificate, Photo Attestation, Address Confirmation	Nil	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/-

Terms & Conditions:

All charges are in Rupees

** Changes W.E.F.1st May'25

Cash Transaction Limit for Privy Neon Savings Account-Nil charges up to 5 transactions or Rs. 5 Lakh/ month whichever is earlier.

Cash Transaction Limit for Privy Black & Platinum Savings Account- Nil charges up to 5 transactions or Rs. 15 Lakh/ month whichever is earlier

ATM usage Fee- INR 21 per Financial txn will be revised to INR 23 per txn.

ATM usage Fee- INR 8.3 per NON Financial txn will be revised to INR 10 per txn.

^^^ 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 - https://www.kotak.com/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).

^^^^Issuance and Annual fee for Kotak PVR Debit Cards is waived off for Corporate Salary accounts

^^https://www.india.gov.in/spotlight/unique-disability-id

Debit Card issuance fee for Corporate Salary schemes is Nil

Debit Card Annual fee mentioned for Corporate Salary schemes is Nil subject to salary credit/ AMB requirement

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

Privy League Savings Account Fees and Charges

Basic Service Fees

Transaction Fees

Transaction Failure Fees

Other Fees

Privileged Banking Contact Form

NRI Contact Form

Please leave your details and we will get in touch with you.