Kotak Solitaire is by invitation only. The eligibility criteria requires either a Net Salary Credit of Rs. 5,00,000 per month or a total Relationship Value (RV) of Rs 75 lakhs & above for salaried customers and Rs 1 crore or above for self-employed customers across all family accounts.
The Relationship Value constitutes combined holdings with Kotak Mahindra bank and includes the total balances across Current and Savings accounts, fixed deposits, mutual fund holdings, life insurance premiums paid, 30% of sanctioned loans (including Kotak Home loan, Loan against property, Auto loan, Personal loan, Gold Loan, Loan against securities, consumer durables, Commercial Vehicles & Commercial equipment limits, Working Capital Facilities given by Business Banking Assets, SME, Healthcare Finance, Business Loans, Asset Reconstruction Division & Agri Business group), 30% of Demat holdings with Kotak Securities linked to Kotak Mahindra Bank account and 30% value of Forex remittances.
To group your family accounts and determine
As the primary Kotak Solitaire account holder, you can group your spouse, parents, children and daughter-in-law. While the relationship needs to be authenticated by you, no formal proof of relationship is required. Minors can also be added, but they cannot be the primary account holder.
For non-individual accounts like businesses, multiple Customer Relationship Numbers (CRNs) can be grouped together if at least one individual in each group holds an ownership position, such as proprietor, partner or director.
However, public charitable institutions—NGOs, government bodies, and clubs cannot have additional members added to their CRNs.
If you have a Hindu Undivided Family (HUF) account, its CRN can be grouped with other accounts as long as the Karta (manager of the HUF) is also part of the group, either as an individual or in their capacity as the Karta.
Your relationship value is reviewed every six months on an ongoing basis (or for any other reason deemed appropriate by the bank). If your combined holdings fall below the required threshold for Kotak Solitaire, bank reserves the right to withdraw your Solitaire benefits. We will notify you before any changes are made. If your Kotak Solitaire benefits are withdrawn, you will no longer receive the associated discounts, services, and other features. Your account(s) will then be subject to the standard minimum balance requirements, fees, and charges applicable to your specific account type(s).
Your Solitaire debit card will be issued (if applicable) in 5-7 working days from the date of upgrade.
A chequebook needs to be manually requested after upgrading your account. You can do this via the mobile banking app, net banking portal, or by contacting your relationship manager.