Kotak Savings Account
Kotak Savings Account Online
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Kotak Savings Account
Kotak Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.
Features and Benefits of Kotak Savings Account
Benefits of Kotak Bank saving Account are as follow:
Kotak Savings account Charges
| Product | Minimum balance | Interest Rate | Non Balance Maintenance Charges |
|---|---|---|---|
| Edge Savings Account | Rs. 10,000 | 3.50% - 3.50% | -- |
| Pro Savings Account | Rs. 20,000 | 3.50% - 3.50% | -- |
| Ace Savings Account | Rs. 50,000 | 3.50% - 3.50% | -- |
| Silk-Women's Savings Account | 3.50% - 3.50% | -- | |
| Junior- The Savings Account for Kds | 3.50% - 3.50% | -- | |
| Grand- The Savings Programme for the 55+ | 3.50% - 3.50% | -- | |
| My Family Savings Account | 3.50% - 3.50% | -- | |
| Classic Savings Account | Rs. 10,000 | 3.50% - 3.50% | -- |
| Nova Savings Account | Rs. 5,000 | 3.50% - 3.50% | -- |
| Alpha-The Savings & Investment Programme | 3.50% - 3.50% | -- | |
| Sanman Savings Account | 3.50% - 3.50% | -- | |
| Platina Savings Account | 3.50% - 3.50% | -- | |
| 811 Lite Savings Account | nil | 3.50% - 3.50% | -- |
| 811 OTP Savings Account | nil | 3.50% - 3.50% | -- |
| 811 Edge | Rs. 10,000 | % - % | -- |
Kotak Savings Account Products
Kotak offers multiple savings account products for different purposes. Some of the popular products of Kotak savings are:
Edge Savings Account
Edge Saving Account provides a moderate interest rate, ideal security, higher cash deposit limit and excellent banking experience.
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Eligibility:
Pro Savings Account
The pro saving account provides premium banking services, a plethora of benefits, moderate interest rate and ideal security all at a much lower average monthly balance.
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Eligibility:
Ace Savings Account
The ace saving account provides premium banking services, a plethora of benefits, a moderate interest rate and ideal security, all without extra premium.
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Eligibility:
Silk-Women's Savings Account
The Silk Women’s Saving Account provides women the premium banking services, a plethora of benefits, a moderate interest rate and the best of offers in finance, dining, health and lifestyle.
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Eligibility:
Junior- The Savings Account for Kds
Junior- The Savings Account for Kids is a Saving account for children. It serves the purpose of inculcating in children the habit of saving while also providing a host of privileges across dining, edutainment and shopping on kids brands.
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Eligibility:
Grand- The Savings Programme for the 55+
Grand- The Savings Programme for the 55+Saving account is a saving scheme for senior citizens. It provides doorstep facility, convenience, and amazing banking experience.
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Eligibility:
My Family Savings Account
My Family Savings Account Account brings the entire family banking needs under one account, allowing everyone to avail of exclusive family-centric benefits. It offers higher interest, hassle-free banking experience and is a great scheme to park your savings.
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Eligibility:
Classic Savings Account
Classic Savings Account Account pays a modest interest rate; its reliability and safety make it an excellent option for parking money one wants for short-term needs.
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Nova Savings Account
Nova Savings Account offers higher interest, hassle-free banking experience, and is an excellent scheme to park your savings
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Eligibility:
Alpha-The Savings & Investment Programme
Alpha-The Savings & Investment Programme account provides a moderate interest rate, ideal security, a higher cash deposit limit, and great banking experience. With this unique savings program, one can invest in Recurring Deposits, NPS, Fixed Deposits, Mutual Funds and much more all in one place.
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Sanman Savings Account
Sanman Savings Account is designed to offer faster and secure access to all your banking needs with low maintenance fees.
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Platina Savings Account
Platina Saving Account is designed to offer faster and secure access to all the banking needs with low maintenance fees. It provides access to many premium services for free.
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811 Lite Savings Account
811 Lite Savings Account Savings Account provides a moderate interest rate, ideal security, a higher cash deposit limit, and great banking experience. One can easily open this account using an app or website in a matter of minutes.
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Eligibility:
811 OTP Savings Account
811 OTP Savings Account provides a moderate interest rate, ideal security, a higher cash deposit limit, and great banking experience. One can easily open this account using an app or website in a matter of minutes.
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Eligibility:
811 Edge
811 Edge savings account provides a moderate interest rate, ideal security, a higher cash deposit limit, and great banking experience. One can easily open this account using an app or website in a matter of minutes.
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Eligibility:
Kotak Savings Account Nomination Plan
Kotak Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. Kotak savings account provides the nomination facility in all the savings products.
Kotak Savings Account Welcome Kit
Kotak Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.
Kotak Savings Account Helpline
Individuals can call Kotak Bank’s 24X7 helpline number 1860-266-2666 , which is accessible from all landlines and mobile phones in the country.
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FAQs
✅Can I open Kotak bank account online?
Kotak Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.
✅What is the minimum balance for an Kotak savings account?
Minimum balance requirement differs with Kotak Bank saving account products. The minimum balance required to open a Nova Savings Account in Kotak Bank is Rs. 5,000.
✅Which saving account is best in Kotak?
There are various savings account products offered by Kotak Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.
✅Can I open Kotak account with zero balance?
The minimum balance requirement to open a savings account with Kotak Bank is Rs. 5,000. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.
- 2022-01-18 : Kotak Mahindra Bank Introduces Same Day Settlement Feature
Kotak Mahindra Bank has introduced the Same Day Settlement feature for merchants for payments received on its Point of Sale (PoS) terminals which would be helpful for businesses with immediate cash flow requirements. - 2021-12-06 : Kotak Mahindra Bank to Enable EMIs on its Debit Cards
Kotak Mahindra Bank has partnered with Europe based payment and transactional firm, Worldline to enable EMI feature on Kotak debit cards. - 2021-10-13 : Kotak Mahindra Bank Launches Micro ATMs in India
Kotak Mahindra Bank has launched Micro ATMs in India. These ATMs can be used by all debit card users to withdraw cash or checking account details. Micro ATMs are handheld devices, it is an alternative to regular ATMs allowing faster expansion and increasing banking touchpoints. - 2021-09-23 : Kotak Bank Revises Savings Account Rates
The savings account interest rates of Kotak Bank has been revised to 3.50% for regular and senior citizens. - 2021-03-05 : Kotak and Indian Army ink pact for salary account
Kotak Bank signed a memorandum of understanding with the Indian Army in New Delhi for a salary account. The MoU enables Kotak to offer its salary account and its exclusive benefits for the Indian Army.
