Fees And Charges

Basic Service Fees
Transaction Fees
Transaction Failure Fees
Other Fees

Basic Service Fees

Fee Type	Details	CURRENT - REIMBURSEMENT ACCOUNT (NEW) (CAREM)	REIMBURSEMENT ACCOUNT - CORPORATE SALARY (CSRMB)	REIMBURSMENT ACCOUNT (CARBB)
RV (Relationship Value) OR AMB (Average Monthly Balance) OR SLC (Net Monthly Salary Credit)		Nil	Nil	Nil
Non maintenance of Balance Fee	Fee for non maintenance of Relationship Value/minimum Monthly Average Balance	NA	NA	NA
Family Banking (Promo Based)	NA	NA	NA	NA
DD/ Pay order	DD / Pay Order	Nil Fee INR 1 Lac; Post these limits: INR 4 / 1000 (Min INR 50, Max INR 10,000) For Senior citizen INR 3 / 1000	Nil Fee INR 1 Lac; Post these limits: INR 4 / 1000 (Min INR 50, Max INR 10,000) For Senior citizen INR 3 / 1000	Nil Fee INR 1 Lac; Post these limits: INR 4 / 1000 (Min INR 50, Max INR 10,000) For Senior citizen INR 3 / 1000
Cheque Book issuance fee ^		NA	NA	NA
Other Debit Card related fee	Replacement of Debit Card	Nil	Nil	Nil
Other Debit Card related fee	Image Debit Card Issuance fee	INR 199	INR 199	INR 199
Debit Card Issuance/Annual Fees	Default Card	As per CSPRO	As per CSPRO	As per CSPRO
Debit Card Issuance/Annual Fees	Privy Debit Card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a
Debit Card Issuance/Annual Fees	Privy+ Debit Card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a
Debit Card Issuance/Annual Fees	Kotak PVR Debit Card	INR 499 p.a	INR 499 p.a	INR 499 p.a
Debit Card Issuance/Annual Fees	Everyday+ Debit Card	INR 350 p.a	INR 350 p.a	INR 350 p.a
Debit Card Issuance/Annual Fees	Pay Shop More Debit Card	INR 285* p.a	INR 285* p.a	INR 285* p.a
Debit Card Issuance/Annual Fees	Silk Debit Card	INR 259* p.a	INR 259* p.a	INR 259* p.a
Debit Card Issuance/Annual Fees	Visa Platinum card	INR 750 p.a	INR 750 p.a	INR 750 p.a
Debit Card Issuance/Annual Fees	EveryDay Debit Card	INR 300 p.a	INR 300 p.a	INR 300 p.a
Debit Card Issuance/Annual Fees	Visa Signature Pro Debit Card	INR 750 p.a	INR 750 p.a	INR 750 p.a
Debit Card Issuance/Annual Fees	Privy League Platinum Card	INR 750 p.a	INR 750 p.a	INR 750 p.a
Debit Card Issuance/Annual Fees	Privy League Signature Card	INR 750 p.a	INR 750 p.a	INR 750 p.a
Debit Card Issuance/Annual Fees	Privy league Business Card	INR 750 p.a	INR 750 p.a	INR 750 p.a
Debit Card Issuance/Annual Fees	Privy League Neon Debit Card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a
Debit Card Issuance/Annual Fees	Privy league LED Debit Card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a
Debit Card Issuance/Annual Fees	Privy League Black Metal Debit card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a
Debit Card Issuance/Annual Fees	Private Banking Inﬁnite Debit Card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a
Debit Card Issuance/Annual Fees	Business Platinum Card	INR 259 p.a	INR 259 p.a	INR 259 p.a
Debit Card Issuance/Annual Fees	Solitaire Debit Card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a
Debit Card Issuance/Annual Fees	Pro Business Debit Card	INR 259 p.a	INR 259 p.a	INR 259 p.a
Debit Card Issuance/Annual Fees	Privy Business Debit Card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a
Debit Card Issuance/Annual Fees	Privy+ Business Debit Card	INR 1500 p.a	INR 1500 p.a	INR 1500 p.a

Terms & Conditions:

Debit card Related:-

*In case of upgrade/downgrade respective program/product GSFC will be applicable.

-Debit Card issuance fee for Corporate Salary schemes is Nil(except Visa Signature Pro & PVR debit)

-Debit Card Annual fee mentioned for Corporate Salary schemes is Nil subject to salary credit/ AMB requirement(except Visa Signature Pro & PVR debit)

-Fees, if any, levied by other Banks/Merchants on international transactions will have to be borne by the cardholder.

-The Bank will charge cross-currency mark-up charge 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.

-Debit Card Annual fee for Junior, Youth and Maestro Debit Cards will be same as Classic/Pay shop more Debit card.

Atm Related:-

##Cash withdrawal limit from other Domestic ATM is INR 10000 per transaction.

#+Top 6 Cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.

-A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April
1,2019]

Salary Scheme Related:

^If there is no salary credit for 4 consecutive months, account shall be converted to Savings account variant. The AMB requirement, features, benefits & the charges shall be applicable as per the respective account variant.

#If there is no salary credit for 6 consecutive months, account shall be converted to Savings account variant. The AMB requirement, features, benefits
& the charges shall be applicable as per the respective account variant.

Service fee for Overdraft Fixed Deposit Individual Account (ODFDS)& Overdraft Fixed Deposit Corporate Salary Account (ODFDC) would be same as Edge Savings Account & Edge Corporate Salary Account Respectively. However, there is no minimum AMB requirement in ODFDS or ODFDC.

Fee for Kotak Composite Savings Account(SBRLW) & Savings Account for Smart Home Loan(SBHLO) is same as Kotak Ace Savings Account.

PVR Savings Account is the same as Edge Savings Account.

Fee for Self - Operated Minor Savings Account (SBMIN)is same as Nova Savings Account.

Indo - Nepal Remittance Scheme (NEFT fee):

If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): INR 25 per txn (incl all taxes).

If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto INR 5000 - INR 75 per txn. & beyond INR 5000 - INR 100 per txn. (incl all taxes).

<> In the event of a default in maintenance of Average Monthly Balance or regular salary credits as agreed between the bank and customer for the month (referred as ‘Default Month’), the bank will notify the customer clearly of the default and that either salary credit to be sighted or Average Monthly Balance for the account has to be met in the subsequent month (referred to as ‘Notice Month’) else the NMC (Non Maintenance fee) for both the ‘Default Month’ and ‘Notice Month’ will be recovered.

The bank may choose to notify by SMS / email / letter. It will be the responsibility of the customer to have a valid email id ,mobile number and address updated with the bank at all times, failing which, customer may not receive the notification/s. The NMC fee will be based on the shortfall observed in the AMB and as specified in the slabs in GSFC.

^ Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges.

As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.

Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change .

The Cash pick-up amount shall be a part of the overall Cash transaction limits offered under the variant.

All fees for Mumbai Interbank Offered rate – Floating Rate Linked Savings Scheme are NIL

Non Maintenance fee,not applicable once the account becomes inoperative/ dormant.

Above mentioned Fees are exclusive of the Goods and Service Tax (GST).

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 INR.20 Lakhs	Nil	Nil
INR.20 lakhs to ₹ 1 crore	Nil	2%@
In Excess of INR. 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.###https://www.india.gov.in/spotlight/unique-disability-id (TAX team to confirm)

The above fee are subject to revision with a prior intimation of 30 days to all account holders. For more details on 811 debit card issuance, annual fees,
and replacement charges, please check the 811 GSFC on the website, Click Here

Transaction Fees

Fee Type	Details	CURRENT - REIMBURSEMENT ACCOUNT (NEW) (CAREM)
Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Nil up to 3 transactions or INR 1 lakh / month whichever is earlier. Post these limits, charged at INR 5 / 1000 (Minimum INR 150)
Cash Transactions	Monthly Third-Party Cash Transaction fee	Nil fee upto INR 25,000/- Post these limits, charged at INR 5 / 1000 (Minimum INR 150)
ATM Fees	Kotak Bank's ATMs - Cash Withdrawal / Non-Financial Transactions	Nil fee for 10 transactions per month (Financial + Non-Financial), thereafter INR 23 per Financial txn and INR 10 per Non-Financial txn
ATM Fees	Non-Kotak domestic ATMs - Cash Withdrawal / Non-Financial Transactions ##	Nil fee for 7 transactions per month (Financial + Non-Financial), thereafter INR 23 per Financial txn and INR 10 per Non-Financial txn
ATM Fees	Cash Withdrawal / Non financial transactions at International ATM #+	INR 150 per cash withdrawal transaction & INR 25 per non-financial transaction
ATM Fees	Cardless cash withdrawal (IMT)	Nil fee up to 1 transaction per month. Subsequent transactions - INR 10 per transaction
Dynamic Currency Conversion (DCC)		Mark-up fee of 1% plus GST will be applicable on your Kotak Bank Debit Card for: transactions done in Indian currency (INR) at international locations or transactions done in Indian currency (INR) with merchants located in India but registered in an international locations. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions
SMS Alert Fee	SMS Alert Fee***	INR 0.15/SMS post 30 free SMS
Failure Fee	ECS Mandate Verification	Nil
Fund Transfers	NEFT** /RTGS/ Fund Transfer (Through Netbanking/Mobile Banking / branch)	Nil
Fund Transfers	NEFT / RTGS - Applicable only if done in Branch	Nil
Fund Transfers	IMPS	Nil
Branch Request	Duplicate Ad-hoc statement, Duplicate Passbook, TDS Certificate Through Branch :- Stop Payment - Single / Range of cheque thru branch/ PO Revalidation/ Cancellation (INR)	INR100/Request, for senior citizens: INR 75/Request
Other Fees	Temporary Over Draft (TOD)	NA
Other Fees	Account Closure Fee	Nil

Terms & Conditions:

Debit card Related:-

*In case of upgrade/downgrade respective program/product GSFC will be applicable.

-Debit Card issuance fee for Corporate Salary schemes is Nil(except Visa Signature Pro & PVR debit)

-Debit Card Annual fee mentioned for Corporate Salary schemes is Nil subject to salary credit/ AMB requirement(except Visa Signature Pro & PVR debit)

-Fees, if any, levied by other Banks/Merchants on international transactions will have to be borne by the cardholder.

-Debit Card Annual fee for Junior, Youth and Maestro Debit Cards will be same as Classic/Pay shop more Debit card.

Atm Related:-

##Cash withdrawal limit from other Domestic ATM is INR 10000 per transaction.

#+Top 6 Cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.

-A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April
1,2019]

Salary Scheme Related:

Fee for Kotak Composite Savings Account(SBRLW) & Savings Account for Smart Home Loan(SBHLO) is same as Kotak Ace Savings Account.

PVR Savings Account is the same as Edge Savings Account.

Fee for Self - Operated Minor Savings Account (SBMIN)is same as Nova Savings Account.

Indo - Nepal Remittance Scheme (NEFT fee):

If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): INR 25 per txn (incl all taxes).

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 INR.20 Lakhs	Nil	Nil
INR.20 lakhs to ₹ 1 crore	Nil	2%@
In Excess of INR. 1 crore	2%@	5%@

Transaction Failure Fees

Fee Type	Details	CURRENT - REIMBURSEMENT ACCOUNT (NEW) (CAREM)	REIMBURSEMENT ACCOUNT - CORPORATE SALARY (CSRMB)	REIMBURSMENT ACCOUNT (CARBB)
Failure Fee	Transactions declined at ATM, merchant outlets, websites due to insufficient balance	INR 25 Per transaction at Non Kotak ATM	INR 25 Per transaction at Non Kotak ATM	INR 25 Per transaction at Non Kotak ATM
Failure Fee	FCY - DD/TT/ Cheque Collection/ Revalidation/ Cancellation/ FCY Cheque Deposited and Return	INR 500 Per instance	INR 500 Per instance	INR 500 Per instance
Failure Fee	Cheque Issued & Returned (due to non availability of funds)	INR 500 Per instance	INR 500 Per instance	INR 500 Per instance
Failure Fee	SI Failure	INR 100 Per instance	INR 100 Per instance	INR 100 Per instance
Failure Fee	Cheque deposited and returned (INR)	NA	INR 200 Per instance	NA
Failure Fee	Cheque Issued & Returned for Non-Financial Reason	NA	INR 50 Per instance	NA
Failure Fee	ECS/NACH Failure Fees	1st -INR 500/instance 2nd- onwards- INR 550/ instance	1st -INR 500/instance 2nd- onwards- INR 550/ instance	1st -INR 500/instance 2nd- onwards- INR 550/ instance

Terms & Conditions:

Debit card Related:-

*In case of upgrade/downgrade respective program/product GSFC will be applicable.

-Debit Card issuance fee for Corporate Salary schemes is Nil(except Visa Signature Pro & PVR debit)

-Debit Card Annual fee mentioned for Corporate Salary schemes is Nil subject to salary credit/ AMB requirement(except Visa Signature Pro & PVR debit)

-Fees, if any, levied by other Banks/Merchants on international transactions will have to be borne by the cardholder.

-Debit Card Annual fee for Junior, Youth and Maestro Debit Cards will be same as Classic/Pay shop more Debit card.

Atm Related:-

##Cash withdrawal limit from other Domestic ATM is INR 10000 per transaction.

#+Top 6 Cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.

-A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April
1,2019]

Salary Scheme Related:

Fee for Kotak Composite Savings Account(SBRLW) & Savings Account for Smart Home Loan(SBHLO) is same as Kotak Ace Savings Account.

PVR Savings Account is the same as Edge Savings Account.

Fee for Self - Operated Minor Savings Account (SBMIN)is same as Nova Savings Account.

Indo - Nepal Remittance Scheme (NEFT fee):

If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): INR 25 per txn (incl all taxes).

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 INR.20 Lakhs	Nil	Nil
INR.20 lakhs to ₹ 1 crore	Nil	2%@
In Excess of INR. 1 crore	2%@	5%@

Other Fees

Fee Type	Details	CURRENT - REIMBURSEMENT ACCOUNT (NEW) (CAREM)	REIMBURSEMENT ACCOUNT - CORPORATE SALARY (CSRMB)	REIMBURSMENT ACCOUNT (CARBB)
Foreign Inward Remittance	Foreign Inward Remittance certificate (Branch Request)	Nil
Home Banking	Cash or Instrument Pick Up/ Delivery	NA
Statements	Statements	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil
Alerts	Balances value added alerts (Daily / Weekly)	50p. per SMS (Daily/ Weekly)
Complimentary Services	Passbook (in lieu of Account Statement), Current Year Balance and interest statement, Signature Verification Certificate, Photo Attestation, Address Confirmation,Balance & Interest Statement,Regeneration of PIN of Net Banking / Phone Banking (sent through courier),any Record Retrieval,BC/DD Revalidation/ Cancellation	Nil	Nil	Nil
Goods and Service Tax (GST) on Foreign Currency Conversion Fee( FCY)~	Value to purchase or sale of Foreign Currency	NA	NA	NA
	Up to INR. 1,00,000	NA	NA	NA
	Above INR. 1,00,000 to INR.10,00,000	NA	NA	NA
	Above INR. 10,00,000	NA	NA	NA
Forex Card	Issuance Fee	NA	NA	NA
Forex Card	Reload Fee	NA	NA	NA
Foreign Exchange Services (FES) - Outward Remittances - Individual Fee	Telegraphic Transfer Fees (other than payment for imports)	NA	NA	NA
	Correspondent Bank Fees (Outward remittance wherein the foreign bank Fees are paid by remitter)	NA	NA	NA
	Issue of FCY DD's	NA	NA	NA
	Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	NA	NA	NA

Terms & Conditions:

Debit card Related:-

*In case of upgrade/downgrade respective program/product GSFC will be applicable.

-Debit Card issuance fee for Corporate Salary schemes is Nil(except Visa Signature Pro & PVR debit)

-Debit Card Annual fee mentioned for Corporate Salary schemes is Nil subject to salary credit/ AMB requirement(except Visa Signature Pro & PVR debit)

-Fees, if any, levied by other Banks/Merchants on international transactions will have to be borne by the cardholder.

-Debit Card Annual fee for Junior, Youth and Maestro Debit Cards will be same as Classic/Pay shop more Debit card.

Atm Related:-

##Cash withdrawal limit from other Domestic ATM is INR 10000 per transaction.

#+Top 6 Cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.

-A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April
1,2019]

Salary Scheme Related:

Fee for Kotak Composite Savings Account(SBRLW) & Savings Account for Smart Home Loan(SBHLO) is same as Kotak Ace Savings Account.

PVR Savings Account is the same as Edge Savings Account.

Fee for Self - Operated Minor Savings Account (SBMIN)is same as Nova Savings Account.

Indo - Nepal Remittance Scheme (NEFT fee):

If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): INR 25 per txn (incl all taxes).

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 INR.20 Lakhs	Nil	Nil
INR.20 lakhs to ₹ 1 crore	Nil	2%@
In Excess of INR. 1 crore	2%@	5%@