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Product Details
Bank Name

Kotak Mahindra Bank

Account Name

Account Type

Saving

Interest Rate

Can earn upto 7% interest with ActivMoney.

Free Debit Card

No

Edge Savings Account
Account Opening Fees

0

Annual Maintenance Fees

Up to 10,000 500
Above 10,000 Nil

Minimum Account Balance

Average Monthly Balance (AMB) 10000/-

Debit Card Charges

Annual Charge of Rs. 199

NEFT Charges

Free if done online or moblie banking.

IMPS Charges

Up to 10,000: Rs. 5;
10,001 to 1,00,000: Rs. 5;
1,00,001 to 5,00,000: Rs. 15

Fees and Charges

Edge Savings Account

Special Features
In app features using Kaymall. Shop, book movie and flight tickets without downloading other apps Shop online using Flipkart Book travel tickets using goibibo Book movie tickets with PVR
Eligibility Criteria
Resident Indian (Sole or Joint Account) , Hindu Undivided Families and Foreign Nationals Residing in India.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free NEFT/RTGS when you transact through Net Banking - To help you Go Cashless Free Phone Banking, Net Banking and Mobile Banking Enjoy upto 25 free cheque leaves per Year ActivMoney Facility - Convert savings account balance above a certain amount into Term Deposits Pay for instore purchase using Scan & Pay In app features using Kaymall. Shop, book movie and flight tickets without downloading other apps Shop online using Flipkart Book travel tickets using goibibo Book movie tickets with PVR Attractive interest rates. Customers get 25 free cheque leaves per year. Customers can convert savings account balance above a certain amount into Term deposit. Free mobile/internet banking facility. Unlimited free cash withdrawals at Kotak Mahindra banks' ATM
Cons
No zero balance account facility available.
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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