Privy Business

Privy Business Program

Relationship Value: ₹10 Lakh

Fees and Charges
Terms and Conditions

Non Maintenance

Non-Maintenance charges per quarter: Nil Charges

Cash Transactions

Charges effective from 1st October, 2025

Cash Transactions	Charges
Cash Deposit (Home and Non Home branch Location)	Nil Charges upto 10 times of prev month's avg credit balance , Max. 10 Cr. p.m. Thereafter ₹3.5/1000 (Min. 50 per txn)
Cash Withdrawal: For Non - home Branch Location	Nil Charges upto 5 Lakh per day; Thereafter ₹2/1000 (Min. 50 per txn)

Non-Cash Transactions

Charges effective from 1st October, 2025

Non-Cash Transactions	Charges
RTGS payment through online mode or branches	Nil Charges
NEFT** payment through online mode or branches	Nil Charges
IMPS Payment	Nil Charges
Cheque Book: Default Cheque Book is Payable At-par Only	Nil Charges
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 50 DD/ BC p.m.; thereafter: 1 / 1000 (Min. 50, Max. 5000)
Demand Draft / Banker's cheque payable at Non- Branch Locations	Nil Charges up to 30 L p.m.; thereafter: 2 / 1000 (Min. 50, Max. 5000)

Home Banking

Charges effective from 1st October, 2025

Home Banking Services	Charges
On Call Request: Cheque Pick-up/DD Delivery	Nil charges up to 5 req per month. Thereafter ₹75/- per 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	Nil charges

Debit Cards / ATM Usage

Charges effective from 1st October, 2025

Debit Cards / ATM Usage	Charges
Debit Card charges	Nil Charges
^^VISA ATMs usage charges - Domestic - Non Financial Transaction	Nil Charges
^^VISA ATMs usage charges - Domestic - Cash withdrawal	Nil Charges
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 - International - Non Financial Transaction	Nil Charges
VISA ATMs - International - Cash Withdrawal	Nil Charges
Transaction declined at merchant outlets/website/ATM, due to insufficient Balance	Nil Charges
Debit Card charges for non-Privy customers
Privy Business / Privy+ Business Card	₹1500 p.a
Platinum Card , Signature Cards & Business Cards	₹750 p.a
Neon Debit Card & Private Banking Infinite Card	₹1500 p.a
LED Card	₹1500 p.a
Black Metal Card	₹1500 p.a

Penal Charges

Charges effective from 1st October, 2025

Penal Charges
Cheques Deposited & Returned (Outward) Local and Outstation	Nil charges upto 10 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 October, 2025

Other Services	Charges
Balance (Daily/Weekly), Transaction & Value Added Alerts	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	Nil Charges
Account Closure Charges (Customer Induced Closure) & IMT ( Cashless Card Withdrawal)	Nil Charges
Ad- hoc Statements Request at Branch/ Phone Banking	<=365 Days: ₹100 >365 Days: ₹200
Ad- hoc Statements Request On Net Banking/ ATM	₹50
Fund Transfer Return: Finance Reason	₹300
Cheque Purchase Charges	₹0.5/1000/Day
Travelers Cheque Encashment	1% of TC Amount
Stop Payment	₹100 / request
Standing Instruction Failure	₹100
TDS Certificate(Duplicate only)	₹200/request
Solvency Certificate	₹10000
TOD Charges	₹500
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
TT Transfer: Corr Bank Charges Borne by Beneficiary	₹250
TT Transfer: Corr Bank Charges Not Borne by Beneficiary	₹1000
Cheque Deposited and Returned ~ / Cheque Issued and Returned ~ <> (Financial Reasons)	₹1000

Charges effective from 1^st October, 2025

Below Scheme codes to follow Applicable GSFC as mentioned below

Please Note:
1 Classic Card will not be available to customers whose Current Accounts were opened with Kotak Bank after 20th December 2011. Charges against the Classic card will be the same as those against Business Gold.
Coin Deposit charges: "Nil Charges" up to a deposit value of Rs.50; Beyond Rs.50 per instance, 5% of the 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. The maximum slab available for cash pickup is up to Rs.100 lakh only. Lower denomination notes(value equal to or less than Rs.50 ) and coins will not be accepted.
^Home Banking Beat Cash Service charges will be charged as per agreed Contractual Slab on a monthly basis. The charges are applicable per month & per location basis.
Non-ﬁnancial Txn. under the debit card section includes Balance enquiry, Mini Statement & PIN Change.
^^Debit Card Transaction eligibility: 5 free transactions (including ﬁnancial and non-ﬁnancial transactions) every month from own bank ATMs. From other bank ATMs (including ﬁnancial and non-ﬁnancial transactions) free 3 transactions in metro centres and 5 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 = Lakh & 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 Home branch location is defined as all the branches belonging to the same clearing zone in which the account is opened. For Pro Business, 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. 01st November, 2024. The DCC markup fee will apply to 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 the beneﬁciary maintains an account with Nepal SBI Bank Ltd (NSBL): Rs.25 per Txn. (incl all taxes)
If the beneﬁciary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Up to Rs.5000 - Rs.75 per Txn. & beyond Rs.5000 - Rs.100 per
Txn. (incl all taxes)
# Applicable for all transactions that involve conversion of foreign currency. This charge is applicable from 16th May 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.
*Nil charges on transaction and value-added SMS alerts for the customers who have subscribed to the Daily/Weekly balance alert facility.
*Alerts that RBI has mandated, 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 a cross-currency markup of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the wholesale exchange rate of the VISA/Master Card prevailing at the time of transaction.

For all Overdraft / Cash Credit / Loans / special purpose accounts, respective and existing product / facility GSFC will be applicable. Please refer to the respective account variant GSFC on www.kotak.com.
The relationship value constitutes combined holdings of mine/our Current/Savings accounts (average monthly balances), Term deposits, value of present Mutual fund holding and Life insurances till date + 30% of sanctioned value of live loans (Inclusions – Home loan, Loan against property, Working Capital, Overdraft facilities) + 30% value of month end Demat holdings with Kotak securities of the particular month with a linked Kotak account. Please note that Relationship value is calculated at a group level. Only mutual funds (Including structured products) subscribed through Kotak Mahindra Bank and insurance policies bought from Kotak Mahindra Life Insurance sourced by Kotak Mahindra Bank will be considered.
Customers re-graded for not maintaining their Relationship Value(RV), as agreed upon during onboarding with Privy+ Business or Privy Business, will have revised GSFC applied.
<> Indicates penalty charges
Charges are exclusive of the Goods and Service Tax (GST). With eﬀect from 01st July 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
Upto Rs.20 Lakhs
Rs.20 lakhs to Rs. 1 crore	Income tax Return copy Submitted to Bank	Income tax Return copy NOT Submitted to Bank
In Excess of Rs. 1 crore	Nil	Nil
@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 a	Nil	2%@
All charges are subject to revision, with an intimation of 30 days to account holders. Account closure due to charge revision will not be subject to account closure charges.	2%@	5%@
Kotak Mahindra Bank Ltd. \| CIN: L65110MH1985PLC038137. Registered Oﬃce: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 \| www.kotak.com

Explore Current Account Fees & Charges across multiple products

Privy Business Program

Non Maintenance

Cash Transactions

Charges effective from 1st October, 2025

Non-Cash Transactions

Charges effective from 1st October, 2025

Home Banking

Charges effective from 1st October, 2025

Debit Cards / ATM Usage

Charges effective from 1st October, 2025

Penal Charges

Charges effective from 1st October, 2025

Other Charges

Charges effective from 1st October, 2025

Charges effective from 1st October, 2025

Below Scheme codes to follow Applicable GSFC as mentioned below

Charges effective from 1^st October, 2025