top of page
Product Details
Bank Name
Kotak Mahindra Bank
Account Name
Grand - Savings Account for Senior Citizens
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
Free debit card with no annual or monthly charges
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) ranges from 5,000/- to 50,00/- depending on the saving product balance.
Debit Card Charges
0
NEFT Charges
Free
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
Grand - Savings Account for Senior Citizens
80
Special Features
The Grand Priority Card gets you the preference at our branches. So, no more standing in long queues. This card can also capture all the important details regarding your health status and emergency contacts and acts as a first aid card.
Eligibility Criteria
Indian resident of age 55 years or above
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Cash or Instrument pickup/delivery service for you to have a convenient experience.
Customers can Set up AutoPay and pay bills directly from their account.
Overdraft facility available.
With our world-class digital banking solutions and its 180+ features
Priority Service and first Aid Card
Cons
Low intreast rate
Mo zero balance account facility available.
Kotak Grand - Savings Account for Senior Citizens Review
The account comes with low interest rate and offers minimal 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
Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
bottom of page