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Product Details
Bank Name
Kotak Mahindra Bank
Account Name
Account Type
Saving
Interest Rate
For balances upto Rs. 50 lakhs -3.50% p.a.,For balances above Rs. 50 lakhs-4% p.a.
Free Debit Card
Yes ,Silk Classic / Platinum
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) is 10000/-
Debit Card Charges
Nil
NEFT Charges
Free through Netbanking
IMPS Charges
0
Fees and Charges
Classic Savings Account (same as 65)
Special Features
Free ATM usage for Pro and Ace savings account holders Free NEFT through Netbanking
Free cash withdrawals at other domestic ATMs
Eligibility Criteria
Resident Indian (Sole or Joint Account)
Hindu Undivided Families
Foreign Nationals Residing in India
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free Access to all domestic VISA ATMs, Enjoy unlimited free cash withdrawals at ATMs and get upto five free transation per month in other bank ATMS,Convert savings account above certain amount into Term deposits, Free Demand Drafts of up to Rs 1 lac per month.
Cons
Not a long list of premium add-on services.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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