Mother’s Day may have gone by, but the thing is every day should be Mother’s Day! While this may sound cliche, it is a fact. Mothers are special and you must celebrate them every single day. And one of the best ways to honour your mother is by gifting her something as crucial and long-term as a Kotak Silk Savings Account, which can act as the foundation of your mother’s personal finances. Discussed here are some of the important reasons to open this savings account for your mother.

  • Exclusive offers on spends

Specially designed for modern women, the Kotak Silk Savings Account offers the best in all aspects, may it be dining, lifestyle, or finances. This is an account designed to meet the financial management needs of women in the best way possible at a minimal average maintenance balance starting from Rs 5,000 in the case of Nova Kotak Silk Account.

Unlike a regular savings account, the Kotak Silk Savings Account provides several offers for women on shopping and lifestyle spends, which is subject to certain minimal spending.

  • Access to Silk Money Matters

Silk Money Matters is a community where guidance on personal finance is given to all the Silk holders. In case your mother has any query linked with banking or finance, she can easily approach a dedicated query resolution desk by dialling 80-6969-5555, a toll-free number.

  • Auto-sweep facility

If your mother is looking to save a higher amount in the savings account, then she can do that as well through the auto sweep facility. The auto-sweep facility is one of the important Silk account benefits. This is a blend of savings and fixed deposits that offers you the benefits of both financial facilities. This facility sweeps the surplus funds from the savings account towards fixed deposits to help earn higher returns. 

  • Financial services at the doorstep 

With the Kotak Silk Savings Account, your mother can enjoy doorstep financial services like cash delivery and pick-up, draft/cheque delivery, etc., from home. So, this feature prevents your mother from facing the hassle of visiting the bank branch to avail such banking services. 

  • Special benefits

Kotak Silk Savings Account permits a higher cash withdrawal limit via ATMs. Besides this, your mother can also get preferential pricing on financial products. Some of the crucial benefits include a 50% discount on locker rental in the first year, up to 100% on-road financing on four-wheeler loans, Rs 999 flat processing charge on personal loans, no processing charge on two-wheeler loans, and no processing charge on gold loans. 

  • Insurance benefits

Unlike a plain savings account, the Kotak Silk Savings Account for women offers an insurance facility on debit card loss, death by accident, baggage loss, accidental air death, etc. Kotak Silk ensures to offer an insurance limit of up to Rs 50 lakh. 


A mother is a priceless gift in each child’s life. She is your best friend, the keeper of evergreen traditions, and the one who loves selflessly. It’s time you make your mother feel special and show her some love by gifting her a Kotak Silk Savings Account packed with great benefits. This may help her become more financially independent and manage her money with more ease.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.