Classic Current Account

Average Quarterly Balance ₹10,000 (Applicable at selected semi-urban/rural branches)

Fees and Charges
Terms and Conditions

Non Maintenance

Non-maintainance charges per quarter:

AQB < 50% of the required Product AQB: ₹2,500

AQB >=50% but < 100% of the required Product AQB: ₹1,500

Cash Transactions

Charges effective from 1st May, 2026

Cash Transactions	Charges
Cash Deposit (Home and Non Home branch Location)	Nil Charges up to 10 times of prev month's avg credit balance, Max. 1 Cr p.m. Thereafter ₹4/1000 (Min. 50 per txn)
Cash Withdrawal: For Non - home Branch Location	NIL Charges upto 50,000 per day; Thereafter ₹2/1000 (Min. 50 per txn)

Non-Cash Transactions

Charges effective from 1st May, 2026

Non-Cash Transactions	Charges
RTGS payment through online mode	Nil Charges
RTGS payment through Branch	2 - 5 Lakh: ₹20/ transaction; > 5 Lakh: ₹40/ transaction
NEFT** payment through online mode	Nil Charges
NEFT**payment through branch	Up to 10,000: ₹2/transaction; >10,000 to 2 Lakh: ₹4/transaction >2 Lakh: ₹24/transaction
IMPS Payment	Up to ₹1,00,000: ₹5 / transaction Above ₹1,00,000 : ₹15 / transaction
Cheque Book: Default Cheque Book is Payable At-par Only	Nil Charges up to 200 cheque leaves p.m. Thereafter up to 500 leaves/p.m. - ₹2/leaf; Above 500 leaves/p.m. - ₹3/leaf
Out-station Cheque (Cheques drawn on non-speed clearing branches)	Nil Charges
Demand Draft / Banker's cheque payable at Branch Locations	Nil Charges up to 15 DD/ BC p.m.; Thereafter ₹1/1000 (Min. 50 Max. 5000)
Demand Draft / Banker's cheque payable at Non- Branch Locations	₹2/1000 (Min. 50 Max. 5000)

Home Banking

Charges effective from 1st May, 2026

Home Banking Services	Charges
On Call Request: Cheque Pick-up/DD Delivery	₹75 / request
On Call Request: Cash Pick-up or Delivery^	Upto 2 Lakh: ₹875 ₹2 Lakh to ₹6 Lakh: ₹1,475 ₹6.01 Lakh to ₹10 Lakh: ₹2,475 ₹10.01 Lakh to ₹20 Lakh: ₹4,075 ₹20.01 Lakh to ₹100 Lakh: ₹6,675/- per request
Beat Services: Cash Pickup Per Location & Per Month	Up to ₹,50,000: ₹5,000 ₹50,000 to ₹1 Lakh: ₹6,000 ₹1 Lakh to ₹2 Lakh: ₹7,500 ₹2 Lakh to ₹4 Lakh: ₹10,000 ₹4 Lakh to ₹6 Lakh: ₹15,000 ₹6 Lakh to ₹8 Lakh: ₹20,000 ₹8 Lakh to ₹10 Lakh: ₹25,000 ₹10 Lakh to ₹15 Lakh: ₹35,000 ₹15 Lakh to ₹20 Lakh: ₹40,000 ₹20 Lakh to ₹50 Lakh: ₹50,000 ₹50 Lakh to ₹100 Lakh: ₹75,000 Per Location & Per Month
Beat Services: Cheque Pickup Per Location & Per Month	₹300 p.m.

Debit Cards / ATM Usage

Charges effective from 1st May, 2026

Debit Cards / ATM Usage	Charges
Debit Card charges	₹259 p.a.
PIN Regeneration at ATM/ Net Banking/ Phone Banking,	Nil Charges
Debit Card Replacement (Lost / Stolen Card)	Nil Charges
Automated Teller Machine (ATM): Kotak ATM Txn	Nil Charges up to 5 txn
^^VISA ATMs usage charges - Domestic - Non Financial Transaction	₹10 per txn
^^VISA ATMs usage charges - Domestic - Cash withdrawal	₹23 per txn
VISA ATMs - International - Non Financial Transaction	₹25 / Txn
VISA ATMs - International - Cash Withdrawal	₹150 / Txn
Transaction declined at merchant outlets/website/ATM, due to insufficient Balance	₹25 / Txn
Privy Debit Card Charges
Platinum Card , Signature Cards, Signature Pro & Business Cards	₹750 p.a
Neon Debit Card & Private Banking Infinite Card, LED Card, Black Metal Card, Business Solitaire Card	₹1500 p.a

Penal Charges

Charges effective from 1st May, 2026

Penal Charges
Cheques Deposited & Returned (Outward) Local and Outstation	Nil charges upto 5 p.m.; Thereafter ₹100/cheque
Cheques Issued and Returned (Inward): Financial Reasons	₹500/instance
ECS returns: Financial Reasons	₹500/instance

Other Charges

Charges effective from 1st May, 2026

Other Services	Charges
Balance (Daily/Weekly), Transaction & Value Added Alerts	₹0.50 per SMS Email - Nil charges
Bank Statement Weekly (Physical),Annual Combined Statement,Balance Statement (Other than 31st March)	Nil Charges
Standing Instruction - Set-up/ Amendment	Nil Charges
Account Closure Charges	Nil Charges
Interest Statement & DD/BC Cancellation & Revalidation	Nil Charges
Signature Verification Address Confirmation	Nil Charges
Record retrieval charges & Photo Attestation	Nil Charges
Confidential Report & Credit Confirmation	Nil Charges
IMT - Instant Money Transfer ( Cashless Card Withdrawal)	Nil Charges
Mandate Registration Charges	₹50/Instance
Ad- hoc Statements Request at Branch/ Phone Banking	<=365 Days: ₹100 >365 Days: ₹200
Ad- hoc Statements Request On Net Banking/ ATM	50.0
Fund Transfer Return: Finance Reason	300.0
Cheque Purchase Charges	₹0.5/1000/Day
Travelers Cheque Encashment	1% of TC Amount
Stop Payment	₹100 / request
Standing Instruction Failure	100.0
TDS Certificate(Duplicate only)	₹200/request
Solvency Certificate	15000.0
TOD Charges	500.0
Authorised Dealer Code Letter	₹500/request
GST on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency	Value on which GST rate will be applicable
Up to 1,00,000	1% of the gross amount of currency exchanges or minimum of ₹250/-
Above ₹1,00,000/- to ₹10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
Above ₹10,00,000/-	₹5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of ₹60,000/-
Foreign Currency Payments & Collections
DD Issuance/DD Cancellation /DD Revalidation/Cheque Collection	500.0
TT Transfer: Corr Bank Charges Borne by Beneficiary	250.0
TT Transfer: Corr Bank Charges Not Borne by Beneficiary	1000.0
Cheque Deposited and Returned ~ / Cheque Issued and Returned ~ <> (Financial Reasons)	1000.0

Charges effective from 1st May, 2026

Below Scheme codes to follow Applicable GSFC as mentioned below

Scheme Code	Scheme Description	Applicable Scheme Code	Applicable Scheme Description
MRCLA	Classic 2.0 Current Account	CACLC	Classic Current Account
TRCLA	Trader Classic Current Account	CACLC	Classic Current Account
CACSL	Classic Current Account	CACLC	Classic Current Account
CATRC	Trader Classic	CACLC	Classic Current Account

Please Note:
1 Classic Card will not be available to customers whose Current Account has been opened with Kotak Bank post 20th Dec,2011. Charges against Classic Card will be same as that of Business Gold
Annual Fee and Issuance Fee for the Payshop More Card is ₹285 p.a.
Penal Charges: Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes. The penal charge is over and above the contracted rate.
Coin Deposit charges: "Nil Charges" upto deposit value of Rs 50 ; Beyond Rs 50 per instance, 5% on entire amount of coins deposited will be charged. Low Denomination Charges: 0.5% of the value above Rs 5000 deposit per instance ; Only Rs 10 and Rs 20 notes will be considered.
SMS Alerts & Updates : - Mandatory Alerts will not be charged
Home Banking (On Call & Beat Service) - Offered at select locations. Maximum slab avaliable for cash pick up is up to 100 lacs only. Lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
^Home Banking Beat Cash Service charges will be charged as per agreed Contractual Slab on a monhtly basis. The charges are applicable per month & per location basis
Non financial Txn under debit card section includes Balance enquiry , Mini Statement & PIN Change.
^^Debit Card Transaction eligibilty Five free transactions (inclusive of financial and non-financial transactions) every month from own bank ATMs. From other bank ATMs (inclusive of financial and non-financial transactions) free three transactions per month in metro centres and five transactions in non-metro centres.
Top 6 Cities#+ Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad
* Indicates Standard Charges are Applicable
Abbreviations Used: For all value figures L=Lakhs & K=Thousand; Chq = Cheque; Std = Standard; Chrg = Charge; Txn=Transaction; p.m.=per month; p.a.=per annum; Avg=Average; FCY= Foreign Currency; FT=Fund Transfer; Corr=Correspondent; TOD=Temporary Overdraft; w/o= without
Nil charges at Home Branch Location Only: Home branch location is defined as all the branches belonging to the same clearing zone in which the account is opened.
Product wise limits offered on cash deposit with "NIL Charges" shall be applicable only if the Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product AQB; else standard charges shall apply as per the GSFC in effect. Additionally, AQB non-maintenance charge will also be applicable as mentioned in GSFC.
Dynamic Currency Conversion (DCC) markup fee of 1% plus GST will be applicable on Kotak Bank Debit Cards w.e.f. Nov 01, 2024. DCC markup fee will be applicable on all ATM, POS/ In-store or Online transactions.
1. Transactions done in Indian currency (INR) at international locations
2. Transactions done in Indian currency (INR) with merchants located in India but registered in an international location
**Indo - Nepal Remittance Scheme (NEFT Charges):
If beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): Rs 25 per txn (incl all taxes)
If beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes)
# Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular
~ Any purchase / sale of foreign exchange will attract GST on the gross amount of currency exchanged as per GST on Foreign Currency Conversion Charges (FCY) table above
Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs 300/- per rejection.
## Neo Current Account is available in select locations only.
*Nil charges on Transaction and Value added SMSalerts to the customers who have subscribed for Daily/Weekly balance alert facility.
*Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent without any charges, even if Daily/Weekly Balance SMS alerts facility has not been subscribed.
The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA/Master Card wholesale exchange rate prevailing at the time of transaction.
<> Indicates penalty charges
Charges are exclusive of the Goods and Service Tax (GST). With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
"State Government taxes / Cess as applicable shall be charged”
W.e.f 1st July,2020; threshold as well as Rate of TDS applicable for CASH withdrawal will dependent on submission of proof of Income Tax Return filed. Revised TDS rates will be as under :
Aggregate Cash Withdrawals in all accounts in a Financial Year	Income tax Return copy Submitted to Bank	Income tax Return copy NOT Submitted to Bank
Upto Rs.20 Lakhs	Nil	Nil
Rs.20 lakhs to Rs. 1 crore	Nil	2%@
In Excess of Rs. 1 crore	2%@	5%@
@If PAN is not updated in the account then the TDS deduction at the rate 20% as per section 206AA of the Income Tax Act will apply. For foreign companies, foreign partnership firms, Non-residents additional surcharge and health & education cess will be applicable as per Income Tax law.
All charges are subject to revision with an intimation of 30 days to account holders. Closure of account due to revision of charges will not be subject to account closure charges.

Explore Current Account Fees & Charges across multiple products

Classic Current Account

Non Maintenance

Cash Transactions

Charges effective from 1st May, 2026

Non-Cash Transactions

Charges effective from 1st May, 2026

Home Banking

Charges effective from 1st May, 2026

Debit Cards / ATM Usage

Charges effective from 1st May, 2026

Penal Charges

Charges effective from 1st May, 2026

Other Charges

Charges effective from 1st May, 2026

Charges effective from 1st May, 2026

Below Scheme codes to follow Applicable GSFC as mentioned below

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Explore Current Account Fees & Charges across multiple products

Classic Current Account

Non Maintenance

Cash Transactions

Charges effective from 1st May, 2026

Non-Cash Transactions

Charges effective from 1st May, 2026

Home Banking

Charges effective from 1st May, 2026

Debit Cards / ATM Usage

Charges effective from 1st May, 2026

Penal Charges

Charges effective from 1st May, 2026

Other Charges

Charges effective from 1st May, 2026

Charges effective from 1st May, 2026

Below Scheme codes to follow Applicable GSFC as mentioned below

Ready to take the next step?

Collect payments easily, anytime, anywhere with kotak.biz app

Related Products

All you need to know about current account and business banking solutions