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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 lakh -4%p.a.

Free Debit Card

Classic Debit Card

Nova Savings Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

5000

Debit Card Charges

Nil charges for 1st year, thereafter Rs. 199 p.a

NEFT Charges

Free through Netbanking

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
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Nova Savings Account

Special Features
25% off on issuance charge of travel card
Eligibility Criteria
For Resident Indians (Sole or joint account) ,Hindi Undivided Families (HUF) and Foreign Nationals Residing in India.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free access to all domestic VISA ATMs ,Free cash withdrawals at any Kotak Bank ATMs,Enjoy upto 25 cheque leaves free per Year using Kotak Bank's Nova account,Free Phone banking and Mobile Banking ,Convert savings account balance above a certain amount into Term Deposits with Kotak ActiMoney,.
Cons
Low intreast rate.
Application Procedure

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