Product Details
Bank Name
Kotak Mahindra Bank
Account Name
Kotak Mahindra Bank Classic Savings Account
Account Type
Saving
Interest Rate
For balances upto Rs. 50 lakhs -2.75% p.a.,For balances above Rs. 50 lakhs-3.25% 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
Kotak Mahindra Bank Classic Savings Account
Special Features
Eligibility Criteria
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
Kotak Mahindra Bank Classic Savings Account Review
The account comes with low interest rate and offers average value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai