Basic Service Fees

Kotak Nova Saving Account

Basic Service Fees
Transaction Fees
Transaction Failure Fees
Other Fees

Basic Service Fees

Fee type	Details	Kotak Nova Savings Account
AMB (Average Monthly Balance)	NA	Average Monthly Balance (AMB) INR 5,000
Non Maintenance Fee	Fee for non maintenance of minimum Monthly Average Balance	6% of the shortfall in required AMB per month (Max upto INR 250/-)
Family Banking	NA	NA
DD / Cheque Book	DD	NR 4 / 1000 (Min INR 50, Max INR 10,000), for Senior citizen INR 3 / 1000
DD / Cheque Book	Cheque Book Issuance Fee ^*	Free up to 25 Cheque leaves per year thereafter INR 3 / cheque leaf
Other Debit Card Related fee	Replacement of Lost /Stolen Debit Card	NIL
Other Debit Card Related fee	Image Debit Card Issuance fee	INR 199
Debit Card Annual Fee/ Issuance Fee	Pay Shop More Debit Card	INR 285 p.a
Debit Card Annual Fee/ Issuance Fee	Silk Debit Card	INR 259 p.a
Debit Card Annual Fee/ Issuance Fee	Visa Platinum / My World Debit Card	INR 750 p.a
Debit Card Annual Fee/ Issuance Fee	Kotak PVR Debit Card	INR 499 p.a
Debit Card Annual Fee/ Issuance Fee	EveryDay Debit Card	INR 300 p.a
Debit Card Annual Fee/ Issuance Fee	Visa Signature Pro Debit Card	INR 750 p.a
Debit Card Annual Fee/ Issuance Fee	Privy League Platinum Card	INR 750 p.a
Debit Card Annual Fee/ Issuance Fee	Privy League Signature Card	INR 750 p.a
Debit Card Annual Fee/ Issuance Fee	Privy league Business Card	INR 750 p.a
Debit Card Annual Fee/ Issuance Fee	Privy League Neon Debit Card	INR 1500 p.a
Debit Card Annual Fee/ Issuance Fee	Privy League Platinum (Erstwhile LED Debit Card)	INR 1500 p.a
Debit Card Annual Fee/ Issuance Fee	Privy League Black Debit card	INR 1500 p.a
Debit Card Annual Fee/ Issuance Fee	Private Banking Inﬁnite Debit Card	INR 1500 p.a
Debit Card Annual Fee/ Issuance Fee	Goquii Wearable Payment	Issuance fee – INR 3499 & Annual fee – INR 259 from 2nd year onwards
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
Debit Card Annual Fee/ Issuance Fee	Default Card	Pay Shop More Debit Card

Transaction Fees

Fee type	Fee type	Kotak Nova Savings Account
Fund Transfers	NEFT / RTGS / Fund Transfer (Through Netbanking / Mobile Banking)	Nil
	NEFT / RTGS - Applicable only if done in Branch	NEFT: Upto 10,000: INR 2; 10,001 to 1,00,000: INR4; 1,00,001 to 2,00,000:INR14; > 2,00,000: INR 24; RTGS: 2,00,000 to 5,00,000: INR 20; > 5,00,000: INR 40
	IMPS	Up to 10,000: INR 5; 10,001 to 1,00,000: INR 5; 1,00,001 to 5,00,000: INR 15
Cash Transactions Fee	Cash Transaction at Branch / CDM (Cash Dispensing Machine)	Nil charges upto 3 transactions or 1 lakh / month, whichever is earlier. Thereafter Rs.5 / 1000 (Minimum Rs. 150)
	(Deposit or withdrawal)
	Monthly Third-Party Cash Transaction fee	Nil fee upto INR 25,000/- Post these limits, charged at INR 5 / 1000 (Minimum INR 150)
ECS Mandate	ECS Mandate Verification	INR 50 / instance
ATM Usage Fee	Kotak ATMs - Cash Withdrawal / Non-Financial Transactions	Nil Charges upto 5 Financial and Non Financial transactions per month and thereafter INR 23 per cash withdrawal & INR 10 per non-financial Txn
	Non-Kotak domestic ATMs - Cash Withdrawal / Non-Financial Transactions ##	Nil upto 3 txns(In Top 6 Cities#+) & 5 Txn (Non-Top Cities) per month thereafter INR 23 per cash withdrawal & INR 10 per non-financial Txn
	International ATMs - Cash Withdrawal / Non-Financial Transactions	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
Branch Request	Duplicate Ad-hoc statement, Duplicate Passbook, TDS Certificate Through Branch , Stop Payment - Single / Range of cheque thru branch; PO Revalidation/ Cancellation (INR); Annual Combined Statement-Physical; Monthly Physical Statement;	INR100/Request, for senior citizens: INR 75/Request
Branch Request	Balance & Interest Statement,Regeneration of PIN of Net Banking / Phone Banking (sent through courier),any Record Retrieval, BC/DD Revalidation/ Cancellation	Nil
Other Fee	Temporary Over Draft	INR 500
Other Fee	Account Closure Fee	Nil

Transaction Failure Fees

Fee type	Details	Kotak Nova Savings Account
Failure Fee	Declined Domestic ATM Transactions due to insufficient balance per transactions declined at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019)<>	INR 25 Per transaction at Non Kotak ATM
	FCY - DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return	INR 500 Per instance
	Cheque Issued & Returned (due to non availability of funds)	INR 500 Per instance
	ECS/NACH Failure Fees	1st -INR 500/instance 2nd- onwards- INR 550/ instance
	SI Failure	INR 100 Per instance
	Cheque deposited and returned (INR)	INR 200 Per instance
	Cheque Issued & Returned for Non-Financial Reason	INR 50 Per instance

Other Fees

Fee type	Details	Kotak Nova Savings Account
Home Banking	Cash / Instrument - Pick Up / Delivery	Nil
Complimentary Services	Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation	Nil
Statements & Alerts	Statements	Email Statement (Monthly): Nil
	Statements	Physical Statement (Quarterly): Nil
	SMS Alert Fee	* INR 0.15 per SMS
	Balances value added alerts (Daily / Weekly)	INR 0.50 per SMS (Daily/ Weekly)
Forex Card	Issuance Fee	INR 250 (exclusive of GST)
Forex Card	Reload Fee	INR 75 (exclusive of GST)
Foreign Inward Remittance	Foreign Inward Remittance certificate (Branch Request)	Nil
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
GST on Foreign Currency Conversion Fee (FCY) ~	Value of 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 INR1,00,000/- to INR10,00,000/-	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/-

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