Smart Overdraft

Kotak Smart Overdraft is an easy way to manage your finances with an unsecured overdraft limit for salaried individuals. This facility is set on a current account linked to your savings account.

Below is how Kotak’s Smart Overdraft works:

  • If a withdrawal request hits the Savings account and there is insufficient balance to complete the transaction, funds are utilized from the current account to honour the transaction.
  • Excess funds lying in the savings account over a threshold are automatically transferred to the overdraft account helping you save on interest on your overdraft.


Disclaimer: Credit at sole discretion of Kotak Mahindra Bank Ltd and subject to guidelines issued by RBI from time to time. 

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