Savings Account Interest Rates in India

Everyday + Savings/Salary Account

Basic Service Fees
Transaction Fees
Transaction Failure Fees
Other Fees

Basic Service Fees

Fee Type	Details	Kotak Everyday+ Account
RV (Relationship Value) OR AMB (Average Monthly Balance) OR SLC (Net Monthly Salary Credit)		RV: INR 1 Lakh OR AMB: INR 25,000 OR SLC: INR 25,000 - INR 1 Lakh
Non maintenance of Balance Fee	Fee for non maintenance of Relationship Value/minimum Monthly Average Balance	6% max upto Rs.600 pm
Family Banking ( Promo Based)	NA	NA
DD/ Pay order	DD / Pay Order	Nil
Cheque Book issuance fee ^*		Nil
Other Debit Card related fee	Replacement of Debit Card	NIL
Other Debit Card related fee	Image Debit Card Issuance fee	INR 199
Debit Card Issuance/Annual Fees	Default Card	EveryDay+ Debit Card
Debit Card Issuance/Annual Fees	Privy Debit Card	INR 1500 p.a
Debit Card Issuance/Annual Fees	Privy+ Debit Card	INR 1500 p.a
Debit Card Issuance/Annual Fees	Kotak PVR Debit Card	INR 499 p.a
Debit Card Issuance/Annual Fees	Everyday+ Debit Card	INR 350 p.a
Debit Card Issuance/Annual Fees	Pay Shop More Debit Card	INR 259* p.a
Debit Card Issuance/Annual Fees	Silk Debit Card	INR 259* p.a
Debit Card Issuance/Annual Fees	Visa Platinum card	INR 750 p.a
Debit Card Issuance/Annual Fees	EveryDay Debit Card	INR 259 p.a
Debit Card Issuance/Annual Fees	Visa Signature Pro Debit Card	INR 750* p.a
Debit Card Issuance/Annual Fees	Privy League Platinum Card	INR 750 p.a
Debit Card Issuance/Annual Fees	Privy League Signature Card	INR 750 p.a
Debit Card Issuance/Annual Fees	Privy league Business Card	INR 750 p.a
Debit Card Issuance/Annual Fees	Privy League Neon Debit Card	INR 1500 p.a
Debit Card Issuance/Annual Fees	Privy league LED Debit Card	INR 1500 p.a
Debit Card Issuance/Annual Fees	Privy League Black Metal Debit card	INR 1500 p.a
Debit Card Issuance/Annual Fees	Private Banking Inﬁnite Debit Card	INR 1500 p.a
Debit Card Issuance/Annual Fees	Business Platinum Card	INR 259 p.a
Debit Card Issuance/Annual Fees	Solitaire Debit Card	INR 1500 p.a
Debit Card Issuance/Annual Fees	Pro Business Debit Card	INR 259 p.a
Debit Card Issuance/Annual Fees	Privy Business Debit Card	INR 1500 p.a
Debit Card Issuance/Annual Fees	Privy+ Business Debit Card	INR 1500 p.a

Basic Service Fee	Fee Type	Details	Privy	Privy+	Kotak Everyday+ Account	recommened by Corp Sal team
Basic Service Fee	RV (Relationship Value) OR AMB (Average Monthly Balance) OR SLC (Net Monthly Salary Credit)		RV: INR 10 Lakh OR SLC: INR 1 - 3 Lakh	RV: INR 30 Lakh OR SLC: ≥ INR 3 Lakh	RV: INR 1 Lakh OR AMB: INR 25,000 OR SLC: INR 25,000 - INR 1 Lakh	SLC check would be at 25K or greater
Basic Service Fee	Non maintenance of Balance Fee	Fee for non maintenance of Relationship Value/minimum Monthly Average Balance	NA	NA	6% max upto Rs.600 pm	false
Basic Service Fee	Family Banking ( Promo Based)	NA	NA	NA	NA
Transaction Fee	Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Nil fee up to 5 transactions or INR. 5 Lakh/ month whichever is earlier. Post free limits, charged at INR. 5/ 1000 with minimum INR. 150	Nil fee up to 5 transactions or INR. 15 Lakh/ month whichever is earlier. Post free limits, charged at INR. 5/ 1000 with minimum INR. 150	Nil fee up to 3 transactions or INR 1 lakh / month whichever is earlier. Post these limits, charged at INR 5 / 1000 (Minimum INR 150)
Transaction Fee	ATM Fees	Kotak Bank's ATMs - Cash Withdrawal / Non-Financial Transactions	Nil fee upto 30 transactions in a month (Financial + Non-Financial on Kotak + other bank ATMs); post free limits INR. 23 for cash withdrawal and INR. 10 for non-financial		Nil fee for 10 transactions per month (Financial + Non-Financial), thereafter INR 23 per Financial txn and INR 10 per Non-Financial txn	false
Transaction Fee		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
Transaction failure Fee		Transactions declined at ATM, merchant outlets, websites due to insufficient balance	Nil		INR 25 Per transaction at Non Kotak ATM
Transaction Fee		Cash Withdrawal / Non financial transactions at International ATM #+	Nil		INR 150 per cash withdrawal transaction & INR 25 per non-financial transaction
Transaction Fee		Cardless cash withdrawal (IMT)	Nil fee up to 1 transaction per month and subsequent transactions will be charged INR. 10/- per transaction		Nil fee up to 1 transaction per month. Subsequent transactions - INR 10 per transaction
Transaction Fee	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		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
Basic Service Fee	DD/ Pay order	DD / Pay Order	Nil	Nil	Nil	false
Transaction Failure Fee	Failure Fee	FCY - DD/TT/ Cheque Collection/ Revalidation/ Cancellation/ FCY Cheque Deposited and Return	INR 500	INR 250	INR 500 Per instance
Basic Service Fee	Cheque Book issuance fee ^		Nil	Nil	Nil	false
Basic Service Fee	Other Debit Card related fee	Replacement of Debit Card	Nil	Nil	NIL
Basic Service Fee		Image Debit Card Issuance fee	INR 199	INR 199	INR 199
Transaction Failure Fee	Failure Fee	ECS/Cheque Issued & Returned (due to non availability of funds)	INR 500/ instance	INR 500/ instance	INR 500 Per instance
Transaction Fee	Failure Fee	ECS Mandate Verification	Nil	Nil	Nil
Transaction Failure Fee	Failure Fee	SI Failure	Nil	Nil	INR 100 Per instance
Transaction Failure Fee	Failure Fee	Cheque deposited and returned (INR)	Nil	Nil	INR 200 Per instance
Transaction Failure Fee	Failure Fee	Cheque Issued & Returned for Non-Financial Reason	NIl	NIl	INR 50 Per instance
Basic Service Fee	Debit Card Issuance/Annual Fees	Default Card	Privy Debit card	Privy + debit card	EveryDay+ Debit Card
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy Debit Card	Nil	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy+ Debit Card	NA	Nil	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Kotak PVR Debit Card	INR 499 p.a		INR 499 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Everyday+ Debit Card	NIL	NIL	INR 350 p.a	false
Basic Service Fee	Debit Card Issuance/Annual Fees	Pay Shop More Debit Card	NIL	NIL	INR 259* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Silk Debit Card	NIL	NIL	INR 259* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Visa Platinum card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	EveryDay Debit Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Visa Signature Pro Debit Card	INR 750* p.a		INR 750* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Platinum Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Signature Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy league Business Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Neon Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy league LED Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Black Metal Debit card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Private Banking Inﬁnite Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Business Platinum Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Solitaire Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Pro Business Debit Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy Business Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy+ Business Debit Card	NIL	NIL	INR 1500 p.a
Transaction Fee	Fund Transfers	NEFT** /RTGS/ Fund Transfer (Through Netbanking/Mobile Banking / branch)	Nil	Nil	Nil
Transaction Fee		NEFT / RTGS - Applicable only if done in Branch	NIL	NIL	Nil	false
Transaction Fee		IMPS	Nil	Nil	Nil
Transaction Fee	Branch Request	Duplicate Ad-hoc statement, Duplicate Passbook, TDS Certificate Through Branch :- Stop Payment - Single / Range of cheque thru branch/ PO Revalidation/ Cancellation (INR)	NIL	NIL	Nil	false
Other Fee	Foreign Inward Remittance	Foreign Inward Remittance certificate (Branch Request)	Nil	Nil	Nil	false
Transaction Fee	Other Fees	Temporary Over Draft (TOD)	TOD: INR.500	TOD: INR.500	TOD: INR.500
Transaction Fee		Account Closure Fee	Nil	Nil	Nil
Other Fee	Home Banking	Cash or Instrument Pick Up/ Delivery	NIL	Nil	Nil
Other Fee	Statements	Statements	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil
Other Fee	Alerts	Balances value added alerts (Daily / Weekly)	NIL	NIl	50p. per SMS (Daily/ Weekly)
Other Fee	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
Other Fee	Goods and Service Tax (GST) on Foreign Currency Conversion Fee( FCY)~	Value to purchase or sale of Foreign Currency	Value on which GST rate will be applicable		Value on which GST rate will be applicable
Other Fee		Up to INR. 1,00,000	1% of the gross amount of currency exchanges or minimum of INR.250/-		1% of the gross amount of currency exchanges or minimum of INR 250/-
Other Fee		Above INR. 1,00,000 to INR.10,00,000	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.		INR 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000
Other Fee		Above INR. 10,00,000	INR.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR.60,000/-		INR 5500 + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR 60,000
Other Fee	Forex Card	Issuance Fee	Nil	Nil	INR 250 (exclusive of GST)
Other Fee		Reload Fee	Nil	Nil	INR 75 (exclusive of GST)
Other Fee	Foreign Exchange Services (FES) - Outward Remittances - Individual Fee	Telegraphic Transfer Fees (other than payment for imports)	Nil	Nil	INR 1250 + Tax
Other Fee		Correspondent Bank Fees (Outward remittance wherein the foreign bank Fees are paid by remitter)	Nil	Nil	INR 1000 + Tax
Other Fee		Issue of FCY DD's	Nil	Nil	INR 750 + Tax
Other Fee		Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	Nil	Nil	0.125%; minimum INR 1,000 +Tax
Terms and 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 Rs. 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
Debit Card Type	Issuance / Annual	Replacement
811 Dream different Classic debit Card	INR. 399	INR.299
811 Super Platinum Debit Card	INR.399	INR.299
811 Platinum debit card	INR.899	INR.299
811 Infinity Metal Debit Card	Issuance : INR.4,999	INR.4,999
811 Infinity Metal Debit Card	Annual : INR.1999
The above 811 debit card Issuance/Annual and Replacement fees are inclusive of GST.

Transaction Fees

Fee Type	Details	Kotak Everyday+ Account
Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Nil fee up to 3 transactions or INR 1 lakh / month whichever is earlier. 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
	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
	Cash Withdrawal / Non financial transactions at International ATM #+	INR 150 per cash withdrawal transaction & INR 25 per non-financial transaction
	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
Failure Fee	ECS Mandate Verification	Nil
Fund Transfers	NEFT** /RTGS/ Fund Transfer (Through Netbanking/Mobile Banking / branch)	Nil
	NEFT / RTGS - Applicable only if done in Branch	Nil
	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)	Nil
Other Fees	Temporary Over Draft (TOD)	TOD: INR.500
Other Fees	Account Closure Fee	Nil

Basic Service Fee	Fee Type	Details	Privy	Privy+	Kotak Everyday+ Account	recommened by Corp Sal team
Basic Service Fee	RV (Relationship Value) OR AMB (Average Monthly Balance) OR SLC (Net Monthly Salary Credit)		RV: INR 10 Lakh OR SLC: INR 1 - 3 Lakh	RV: INR 30 Lakh OR SLC: ≥ INR 3 Lakh	RV: INR 1 Lakh OR AMB: INR 25,000 OR SLC: INR 25,000 - INR 1 Lakh	SLC check would be at 25K or greater
Basic Service Fee	Non maintenance of Balance Fee	Fee for non maintenance of Relationship Value/minimum Monthly Average Balance	NA	NA	6% max upto Rs.600 pm	false
Basic Service Fee	Family Banking ( Promo Based)	NA	NA	NA	NA
Transaction Fee	Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Nil fee up to 5 transactions or INR. 5 Lakh/ month whichever is earlier. Post free limits, charged at INR. 5/ 1000 with minimum INR. 150	Nil fee up to 5 transactions or INR. 15 Lakh/ month whichever is earlier. Post free limits, charged at INR. 5/ 1000 with minimum INR. 150	Nil fee up to 3 transactions or INR 1 lakh / month whichever is earlier. Post these limits, charged at INR 5 / 1000 (Minimum INR 150)
Transaction Fee	ATM Fees	Kotak Bank's ATMs - Cash Withdrawal / Non-Financial Transactions	Nil fee upto 30 transactions in a month (Financial + Non-Financial on Kotak + other bank ATMs); post free limits INR. 23 for cash withdrawal and INR. 10 for non-financial		Nil fee for 10 transactions per month (Financial + Non-Financial), thereafter INR 23 per Financial txn and INR 10 per Non-Financial txn	false
Transaction Fee		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
Transaction failure Fee		Transactions declined at ATM, merchant outlets, websites due to insufficient balance	Nil		INR 25 Per transaction at Non Kotak ATM
Transaction Fee		Cash Withdrawal / Non financial transactions at International ATM #+	Nil		INR 150 per cash withdrawal transaction & INR 25 per non-financial transaction
Transaction Fee		Cardless cash withdrawal (IMT)	Nil fee up to 1 transaction per month and subsequent transactions will be charged INR. 10/- per transaction		Nil fee up to 1 transaction per month. Subsequent transactions - INR 10 per transaction
Transaction Fee	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		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
Basic Service Fee	DD/ Pay order	DD / Pay Order	Nil	Nil	Nil	false
Transaction Failure Fee	Failure Fee	FCY - DD/TT/ Cheque Collection/ Revalidation/ Cancellation/ FCY Cheque Deposited and Return	INR 500	INR 250	INR 500 Per instance
Basic Service Fee	Cheque Book issuance fee ^		Nil	Nil	Nil	false
Basic Service Fee	Other Debit Card related fee	Replacement of Debit Card	Nil	Nil	NIL
Basic Service Fee		Image Debit Card Issuance fee	INR 199	INR 199	INR 199
Transaction Failure Fee	Failure Fee	ECS/Cheque Issued & Returned (due to non availability of funds)	INR 500/ instance	INR 500/ instance	INR 500 Per instance
Transaction Fee	Failure Fee	ECS Mandate Verification	Nil	Nil	Nil
Transaction Failure Fee	Failure Fee	SI Failure	Nil	Nil	INR 100 Per instance
Transaction Failure Fee	Failure Fee	Cheque deposited and returned (INR)	Nil	Nil	INR 200 Per instance
Transaction Failure Fee	Failure Fee	Cheque Issued & Returned for Non-Financial Reason	NIl	NIl	INR 50 Per instance
Basic Service Fee	Debit Card Issuance/Annual Fees	Default Card	Privy Debit card	Privy + debit card	EveryDay+ Debit Card
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy Debit Card	Nil	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy+ Debit Card	NA	Nil	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Kotak PVR Debit Card	INR 499 p.a		INR 499 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Everyday+ Debit Card	NIL	NIL	INR 350 p.a	false
Basic Service Fee	Debit Card Issuance/Annual Fees	Pay Shop More Debit Card	NIL	NIL	INR 259* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Silk Debit Card	NIL	NIL	INR 259* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Visa Platinum card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	EveryDay Debit Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Visa Signature Pro Debit Card	INR 750* p.a		INR 750* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Platinum Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Signature Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy league Business Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Neon Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy league LED Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Black Metal Debit card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Private Banking Inﬁnite Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Business Platinum Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Solitaire Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Pro Business Debit Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy Business Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy+ Business Debit Card	NIL	NIL	INR 1500 p.a
Transaction Fee	Fund Transfers	NEFT** /RTGS/ Fund Transfer (Through Netbanking/Mobile Banking / branch)	Nil	Nil	Nil
Transaction Fee		NEFT / RTGS - Applicable only if done in Branch	NIL	NIL	Nil	false
Transaction Fee		IMPS	Nil	Nil	Nil
Transaction Fee	Branch Request	Duplicate Ad-hoc statement, Duplicate Passbook, TDS Certificate Through Branch :- Stop Payment - Single / Range of cheque thru branch/ PO Revalidation/ Cancellation (INR)	NIL	NIL	Nil	false
Other Fee	Foreign Inward Remittance	Foreign Inward Remittance certificate (Branch Request)	Nil	Nil	Nil	false
Transaction Fee	Other Fees	Temporary Over Draft (TOD)	TOD: INR.500	TOD: INR.500	TOD: INR.500
Transaction Fee		Account Closure Fee	Nil	Nil	Nil
Other Fee	Home Banking	Cash or Instrument Pick Up/ Delivery	NIL	Nil	Nil
Other Fee	Statements	Statements	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil
Other Fee	Alerts	Balances value added alerts (Daily / Weekly)	NIL	NIl	50p. per SMS (Daily/ Weekly)
Other Fee	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
Other Fee	Goods and Service Tax (GST) on Foreign Currency Conversion Fee( FCY)~	Value to purchase or sale of Foreign Currency	Value on which GST rate will be applicable		Value on which GST rate will be applicable
Other Fee		Up to INR. 1,00,000	1% of the gross amount of currency exchanges or minimum of INR.250/-		1% of the gross amount of currency exchanges or minimum of INR 250/-
Other Fee		Above INR. 1,00,000 to INR.10,00,000	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.		INR 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000
Other Fee		Above INR. 10,00,000	INR.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR.60,000/-		INR 5500 + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR 60,000
Other Fee	Forex Card	Issuance Fee	Nil	Nil	INR 250 (exclusive of GST)
Other Fee		Reload Fee	Nil	Nil	INR 75 (exclusive of GST)
Other Fee	Foreign Exchange Services (FES) - Outward Remittances - Individual Fee	Telegraphic Transfer Fees (other than payment for imports)	Nil	Nil	INR 1250 + Tax
Other Fee		Correspondent Bank Fees (Outward remittance wherein the foreign bank Fees are paid by remitter)	Nil	Nil	INR 1000 + Tax
Other Fee		Issue of FCY DD's	Nil	Nil	INR 750 + Tax
Other Fee		Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	Nil	Nil	0.125%; minimum INR 1,000 +Tax
Terms and 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 Rs. 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
Debit Card Type	Issuance / Annual	Replacement
811 Dream different Classic debit Card	INR. 399	INR.299
811 Super Platinum Debit Card	INR.399	INR.299
811 Platinum debit card	INR.899	INR.299
811 Infinity Metal Debit Card	Issuance : INR.4,999	INR.4,999
811 Infinity Metal Debit Card	Annual : INR.1999
The above 811 debit card Issuance/Annual and Replacement fees are inclusive of GST.

Transaction Failure Fees

Fee Type	Details	Kotak Everyday+ Account
Failure Fee	Transactions declined at ATM, merchant outlets, websites due to insufficient balance	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
Failure Fee	ECS/Cheque Issued & Returned (due to non availability of funds)	INR 500 Per instance
Failure Fee	SI Failure	INR 100 Per instance
Failure Fee	Cheque deposited and returned (INR)	INR 200 Per instance
Failure Fee	Cheque Issued & Returned for Non-Financial Reason	INR 50 Per instance

Basic Service Fee	Fee Type	Details	Privy	Privy+	Kotak Everyday+ Account	recommened by Corp Sal team
Basic Service Fee	RV (Relationship Value) OR AMB (Average Monthly Balance) OR SLC (Net Monthly Salary Credit)		RV: INR 10 Lakh OR SLC: INR 1 - 3 Lakh	RV: INR 30 Lakh OR SLC: ≥ INR 3 Lakh	RV: INR 1 Lakh OR AMB: INR 25,000 OR SLC: INR 25,000 - INR 1 Lakh	SLC check would be at 25K or greater
Basic Service Fee	Non maintenance of Balance Fee	Fee for non maintenance of Relationship Value/minimum Monthly Average Balance	NA	NA	6% max upto Rs.600 pm	false
Basic Service Fee	Family Banking ( Promo Based)	NA	NA	NA	NA
Transaction Fee	Cash Transactions	Cash Transaction at Branch / Cash Deposit Machine (CDM) (Deposit or withdrawal)	Nil fee up to 5 transactions or INR. 5 Lakh/ month whichever is earlier. Post free limits, charged at INR. 5/ 1000 with minimum INR. 150	Nil fee up to 5 transactions or INR. 15 Lakh/ month whichever is earlier. Post free limits, charged at INR. 5/ 1000 with minimum INR. 150	Nil fee up to 3 transactions or INR 1 lakh / month whichever is earlier. Post these limits, charged at INR 5 / 1000 (Minimum INR 150)
Transaction Fee	ATM Fees	Kotak Bank's ATMs - Cash Withdrawal / Non-Financial Transactions	Nil fee upto 30 transactions in a month (Financial + Non-Financial on Kotak + other bank ATMs); post free limits INR. 23 for cash withdrawal and INR. 10 for non-financial		Nil fee for 10 transactions per month (Financial + Non-Financial), thereafter INR 23 per Financial txn and INR 10 per Non-Financial txn	false
Transaction Fee		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
Transaction failure Fee		Transactions declined at ATM, merchant outlets, websites due to insufficient balance	Nil		INR 25 Per transaction at Non Kotak ATM
Transaction Fee		Cash Withdrawal / Non financial transactions at International ATM #+	Nil		INR 150 per cash withdrawal transaction & INR 25 per non-financial transaction
Transaction Fee		Cardless cash withdrawal (IMT)	Nil fee up to 1 transaction per month and subsequent transactions will be charged INR. 10/- per transaction		Nil fee up to 1 transaction per month. Subsequent transactions - INR 10 per transaction
Transaction Fee	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		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
Basic Service Fee	DD/ Pay order	DD / Pay Order	Nil	Nil	Nil	false
Transaction Failure Fee	Failure Fee	FCY - DD/TT/ Cheque Collection/ Revalidation/ Cancellation/ FCY Cheque Deposited and Return	INR 500	INR 250	INR 500 Per instance
Basic Service Fee	Cheque Book issuance fee ^		Nil	Nil	Nil	false
Basic Service Fee	Other Debit Card related fee	Replacement of Debit Card	Nil	Nil	NIL
Basic Service Fee		Image Debit Card Issuance fee	INR 199	INR 199	INR 199
Transaction Failure Fee	Failure Fee	ECS/Cheque Issued & Returned (due to non availability of funds)	INR 500/ instance	INR 500/ instance	INR 500 Per instance
Transaction Fee	Failure Fee	ECS Mandate Verification	Nil	Nil	Nil
Transaction Failure Fee	Failure Fee	SI Failure	Nil	Nil	INR 100 Per instance
Transaction Failure Fee	Failure Fee	Cheque deposited and returned (INR)	Nil	Nil	INR 200 Per instance
Transaction Failure Fee	Failure Fee	Cheque Issued & Returned for Non-Financial Reason	NIl	NIl	INR 50 Per instance
Basic Service Fee	Debit Card Issuance/Annual Fees	Default Card	Privy Debit card	Privy + debit card	EveryDay+ Debit Card
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy Debit Card	Nil	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy+ Debit Card	NA	Nil	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Kotak PVR Debit Card	INR 499 p.a		INR 499 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Everyday+ Debit Card	NIL	NIL	INR 350 p.a	false
Basic Service Fee	Debit Card Issuance/Annual Fees	Pay Shop More Debit Card	NIL	NIL	INR 259* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Silk Debit Card	NIL	NIL	INR 259* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Visa Platinum card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	EveryDay Debit Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Visa Signature Pro Debit Card	INR 750* p.a		INR 750* p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Platinum Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Signature Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy league Business Card	NIL	NIL	INR 750 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Neon Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy league LED Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy League Black Metal Debit card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Private Banking Inﬁnite Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Business Platinum Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Solitaire Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Pro Business Debit Card	NIL	NIL	INR 259 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy Business Debit Card	NIL	NIL	INR 1500 p.a
Basic Service Fee	Debit Card Issuance/Annual Fees	Privy+ Business Debit Card	NIL	NIL	INR 1500 p.a
Transaction Fee	Fund Transfers	NEFT** /RTGS/ Fund Transfer (Through Netbanking/Mobile Banking / branch)	Nil	Nil	Nil
Transaction Fee		NEFT / RTGS - Applicable only if done in Branch	NIL	NIL	Nil	false
Transaction Fee		IMPS	Nil	Nil	Nil
Transaction Fee	Branch Request	Duplicate Ad-hoc statement, Duplicate Passbook, TDS Certificate Through Branch :- Stop Payment - Single / Range of cheque thru branch/ PO Revalidation/ Cancellation (INR)	NIL	NIL	Nil	false
Other Fee	Foreign Inward Remittance	Foreign Inward Remittance certificate (Branch Request)	Nil	Nil	Nil	false
Transaction Fee	Other Fees	Temporary Over Draft (TOD)	TOD: INR.500	TOD: INR.500	TOD: INR.500
Transaction Fee		Account Closure Fee	Nil	Nil	Nil
Other Fee	Home Banking	Cash or Instrument Pick Up/ Delivery	NIL	Nil	Nil
Other Fee	Statements	Statements	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil	Email/Sms - Nil Physcial (if opted) - Nil Adhoc/Physcial at branch/Via Phone Banking or any other channel - Nil
Other Fee	Alerts	Balances value added alerts (Daily / Weekly)	NIL	NIl	50p. per SMS (Daily/ Weekly)
Other Fee	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
Other Fee	Goods and Service Tax (GST) on Foreign Currency Conversion Fee( FCY)~	Value to purchase or sale of Foreign Currency	Value on which GST rate will be applicable		Value on which GST rate will be applicable
Other Fee		Up to INR. 1,00,000	1% of the gross amount of currency exchanges or minimum of INR.250/-		1% of the gross amount of currency exchanges or minimum of INR 250/-
Other Fee		Above INR. 1,00,000 to INR.10,00,000	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.		INR 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000
Other Fee		Above INR. 10,00,000	INR.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR.60,000/-		INR 5500 + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR 60,000
Other Fee	Forex Card	Issuance Fee	Nil	Nil	INR 250 (exclusive of GST)
Other Fee		Reload Fee	Nil	Nil	INR 75 (exclusive of GST)
Other Fee	Foreign Exchange Services (FES) - Outward Remittances - Individual Fee	Telegraphic Transfer Fees (other than payment for imports)	Nil	Nil	INR 1250 + Tax
Other Fee		Correspondent Bank Fees (Outward remittance wherein the foreign bank Fees are paid by remitter)	Nil	Nil	INR 1000 + Tax
Other Fee		Issue of FCY DD's	Nil	Nil	INR 750 + Tax
Other Fee		Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	Nil	Nil	0.125%; minimum INR 1,000 +Tax
Terms and 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 Rs. 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
Debit Card Type	Issuance / Annual	Replacement
811 Dream different Classic debit Card	INR. 399	INR.299
811 Super Platinum Debit Card	INR.399	INR.299
811 Platinum debit card	INR.899	INR.299
811 Infinity Metal Debit Card	Issuance : INR.4,999	INR.4,999
811 Infinity Metal Debit Card	Annual : INR.1999
The above 811 debit card Issuance/Annual and Replacement fees are inclusive of GST.

Other Fees

Fee Type	Details	Kotak Everyday+ Account
Foreign Inward Remittance	Foreign Inward Remittance certificate (Branch Request)	Nil
Home Banking	Cash or Instrument Pick Up/ Delivery	Nil
Statements	Statements	Email/SMS - Nil
		Physical (if opted) - Nil
		Adhoc/Physical at branch/Via Phone Banking or any other channel - Nil
Alerts	Balances value added alerts (Daily / Weekly)	INR 0.50 per SMS (Daily/ Weekly)
Alerts	SMS Alert Fee	*INR 0.15 per SMS
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
Goods and Service Tax (GST) on Foreign Currency Conversion Fee( FCY)~	Value to purchase or sale of Foreign Currency	Value on which GST rate will be applicable
	Up to INR. 1,00,000	1% of the gross amount of currency exchanges or minimum of INR 250/-
	Above INR. 1,00,000 to INR.10,00,000	INR 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000
	Above INR. 10,00,000	INR 5500 + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of INR 60,000
Forex Card	Issuance Fee	INR 250 (exclusive of GST)
Forex Card	Reload Fee	INR 75 (exclusive of GST)
Foreign Exchange Services (FES) - Outward Remittances - Individual Fee	Telegraphic Transfer Fees (other than payment for imports)	INR 1250 + Tax
	Correspondent Bank Fees (Outward remittance wherein the foreign bank Fees are paid by remitter)	INR 1000 + Tax
	Issue of FCY DD's	INR 750 + Tax
	Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	0.125%; minimum INR 1,000 +Tax