Financial Inclusion Savings Account

General Schedule of Features and Charges for Basic Savings Bank Deposit Account ( Pradhan Mantri Jan Dhan Yojana) effective from 1st Apr 2026.

Fee type	Details	Basic Savings Bank Deposit Account ( PMJDY)
AMB (Average Monthly Balance)	NA	Nil
Non Maintenance Fee	Fee for non maintenance of minimum monthly average balance	Not Applicable
Fund Transfers	NEFT / RTGS / Fund Transfer (Through Digital mode such as Netbanking / Mobile Banking)	Free
Fund Transfers	# NEFT / RTGS -Count of withdrawals considered only if done in Branch
Cash Transaction Fee	Cash Transaction at Branch / CDM (Cash Dispensing Machine) (Withdrawal)	Deposits* - Unlimited Free #Withdrawals - Digital channels except ATM free. For non digital channels - #Maximum 5 free withdrawals/ month t(it includes withdrawal from both type of ATM - Kotak & Non Kotak). 6th withdrawal onwards, fees will be applicable as per the mode of withdrawal
DD	DD
Debit Card /ATM Usage Fee	Kotak Bank's ATM – Cash Withdrawal / Non Financial txn. ##
	Non-Kotak domestic ATMs - Cash Withdrawal / Non-Financial Transactions ##
	Cash Withdrawal / Non- Financial Transactions at International ATM +	Not Applicable
	Declined Domestic ATM Transactions due to insufficient balance Declined Transactions at ATM, merchant outlets, websites due to insufficient balance	₹25 at Non Kotak ATM
Cheque Book issuance fee ^*	At-par Cheque Book	Free - Cheque book of 25 leaves in a year, post which ₹3/- per cheque leaf
Transaction Failure	ECS / Cheque Issued & Returned (due to non availability of funds)	₹250 / instance
	Standing Instruction Failure Fee	₹100 / instance
	Cheque deposited and returned (₹)	₹200/- per instance
	Cheque Issued & Returned for Non-Financial Reason	₹50 / instance
Debit Card Issuance/Annual Fees	Rupay Debit Card	Nil
Other Debit Card Related Fee	Replacement of Lost / Stolen Debit Card	Nil
Other Debit Card Related Fee	Regeneration of PIN (sent through courier)	Nil
ECS Mandate	ECS Mandate Verification	Nil
Branch Request	Stop Payment - Single / Range of cheque through branch	₹50/Request
Complimentary Services	Passbook (in lieu of Account Statement), Internet Banking, Mobile Banking, Current Year Balance & Interest Statement, TDS Certificate Through Branch or any other Record Retrieval, PO/BC/DD Revalidation/ Cancellation, Regeneration of PIN of Net Banking / Phone Banking (sent through courier)	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)	Free
Other Fee	Temporary Over Draft (TOD) Account Closure	Free
Other Fee	Temporary Over Draft (TOD) Account Closure	Free
For Small Account aggregate of all credit should not exceed ₹1 lakh, account balance at any point should not exceed ₹50,000 & aggregate of all Debits (withdrawals & transfers including clearing) in a month should not exceed ₹10,000 All Debit transactions (including clearing) is permitted maximum upto ₹10,000 per transaction. Cheques issued over ₹10,000 will be rejected and returned
Atm Related:- ## Cash withdrawals limit from own and other domestic ATM is ₹10,000 per transaction for both Basic & Small Accounts.
*Deposits - Unlimited # Digital payment transactions excluding ATM transactions, i.e., Point of Sale transfers, NEFT, RTGS, UPI, IMPS, etc., shall not be counted as part of minimum withdrawals #Withdrawals (includes Cash/ATM/DD/Cheque/NEFT/RTGS/IMPS) per month
#Fees applicable as per mode of withdrawal (Post 5 free withdrawals per month):
NEFT/ RTGS - Applicable only if done in Branch	NEFT : Upto 10,000: ₹2; 10,001 to 1,00,000: ₹4; 1,00,001 to 2,00,000: ₹14; > 2,00,000: ₹24 ; RTGS: 2,00,000 to 5,00,000:₹20; > 5,00,000: ₹40
Cash Transaction at Branch / CDM (Cash Dispensing Machine) (Withdrawal)	₹5/1000 (Minimum ₹150)
Kotak Bank's ATM – Cash Withdrawal / Non Financial txn. ##	₹23/- per financial txn will apply
Other Domestic ATMS – Cash Withdrawal / Non Financial txn. ##	₹23/- per financial txn will apply
DD issuance	₹4 / 1000 (Min ₹50, Max ₹10,000) For Senior citizen ₹3 / 1000
^*Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges.
Indo - Nepal Remittance Scheme (NEFT fee): If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Free. If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Free.
All Services, where a free limit is specified, usage beyond the free limit will be charged as per the standard charge of the respective service.
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.
As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.
+Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder.
The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges.
Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed.
Non-financial transactions are Balance Enquiry, Mini Statement & PIN Change.
BSBDA customers are eligible only for Rupay Debit card.
Non Maintenance fee,not applicable once the account becomes inoperative/ dormant
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.
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]

Disclaimer

Charges are exclusive of the Service Tax and Education Cess.

Just walk in to any of our bank branch and meet our Customer Service Executive / Service Manager / Branch Manager for more details.

Small Savings Account Features

Particulars	Small Savings Account
Average Monthly Balance (AMB)	Nil
Debit transactions - Withdrawals / Transfers / Outward Remittance
DD at Branch Location / Pay Order	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
DD at other than Branch Location	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
DD/ PO through Net Banking	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
Fund Transfer	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
NEFT (Per Transaction) **	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc) Nil charges for NEFT done through Mobile banking / Net Banking
RTGS (Per Transaction)	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
Cash Withdrawal at Home & Non Home Location	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
Cash Withdrawal at own ATM##	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
Cash Withdrawal at other Domestic ATM##	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
Standing Instruction - Execution	Up to 4 withdrawals in a month - Free (Value of all withdrawals should not exceed Rs. 10k in a month) (Includes ATMs withdrawals, RTGS, IMPS, Clearing, branch, cash withdrawal, transfer, internet debits, standing instructions, EMI, etc)
Credit Transactions - Collection / Inward Remittances / Deposits
Local Clearing Cheque	Free
Outstation Cheque Collection Charges -Branch Location /other than Branch location (Per Instrument)	Free
Cash Deposit at Home & Non Home Location	Free unlimited no of txn. Subject to maximum limit of Rs.100000 during a Financial year
CHEQUE RELATED CHARGES
At-par Cheque Book Charges	Free - One Cheque book of 5 leaves in a Financial year
DEBIT CARD ISSUANCE / ANNUAL CHARGE
Classic Debit Card - Primary	Free
STANDING INSTRUCTION
Standing Instruction - Set-up / Amendment	Free
CERTIFICATE & REPORT ISSUANCE CHARGES
Current & Previous year Balance and Interest Statement	Free
Signature Verification Certificate / Photo Attestation / Address confirmation / Duplicate TDS certificate	Free
ACCOUNT STATEMENT & PASSBOOK
Physical Account Statement (Quarterly)	Free
Monthly E-mail Account Statement	Free
Duplicate /Ad-hoc Statement Branch Banking (90 days)	Free
Pass Book (In Lieu of Account Statement)	Free
Duplicate Passbook	Free
OTHER FEATURES & CHARGES
Non Maintenance Charge (Monthy)	Nil
Net Banking / Mobile Banking / Phone Banking	NA
Balance Enquiry at other Domestic ATM	Free
Regeneration Of PIN (ATM / Phone / Net)	ATM pin - Free; Phone & Net pin - NA
Classic Debit Card Replacement of Lost / Stolen Card	Free
Account Closure	Free
Record Retrieval Charges	Free
PENAL CHARGES
ECS Return / Cheque Issued & Returned (Financial Reason)	150 / return
ASBA application rejection due to insufficient funds	NA
Cheque Issued & Returned (Technical Reason)	Free
Cheque Deposited & Returned (INR)	100
Decline In ATM/POS transaction due to insufficient balance Transactions declined at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019)	20 / txn
Standing Instruction - Failure	25.0
DD / PO / BC Revalidation / Cancellation - INR	100
Stop Payment - Single / Range of Cheques	100
Features for Small Account Aggregate of all credit should not exceed Rs.1 lakh, Account balance at any point should not exceed Rs.50,000 & Aggregate of all debits (withdrawals & transfers including clearing) in a month should not exceed Rs. 10,000. All debit transactions (including clearing) is permitted maximum upto Rs.10,000 per transaction. Cheques issued over Rs.10,000 will be rejected and returned. ## Cash withdrawals limit from own and other domestic ATM is Rs.10,000 per transaction for both Basic & Small Accounts. For BSBDA, daily cash withdrawal limit on debit card is max upto Rs.10,000. ** Indo - Nepal Remittance Scheme (NEFT Charges): If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Free. If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Free. The Bank will charge cross-currency mark-up 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. 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] Charges are exclusive of the Goods and Service Tax (GST). With effect from July 1, 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. Monthly physical statements will be issued free to account holders on them personally visiting the home branch for the same. As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts. The above charges are subject to revision with a prior intimation of 30 days to all account holders. The above charges are applicable for all states other than the State of Jammu and Kashmir. GST is applicable in the State of Jammu and Kashmir. For charges applicable to Jammu and Kashmir please contact the respective Branch Manager.

Frequently Asked Questions

What is Micro ATM?

Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility. This initiative aims to bridge the gap between the need and availability of cash requirement in the eco-system.

This initiative aims to bridge the gap between the need and availability of cash requirement in the eco-system.

What is an OTP, and why is it important for credit card transactions?

OTP is a numeric or alphanumeric code a customer receives on their registered mobile number or email address to authenticate a credit card transaction.

It is an efficient way to ensure the genuine cardholder has initiated a credit card transaction.

Q1: Can I Add a Credit Card To Google Pay?

Yes, you can add a credit card to Google Pay using the following steps:

● Open the Google Pay app on your smartphone.

● Click “Add a card/bank account”.

● Enter your Kotak credit card details.

● Provide OTP.

How to open the Kotak UNI Student Bank Account?

You can open a Kotak UNI Student Bank Account digitally, from anywhere, thanks to the Video KYC feature. It involves getting on a video call with a Kotak bank executive to complete your KYC process, essentially ruling out a visit to a Kotak bank branch completely.

Can a senior citizen open a savings account?

Yes, a senior citizen can open Grand - Savings Account which is only applicable for Indian residents of age 55 years and above.

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Financial Inclusion - Savings Accounts

Disclaimer

Small Savings Account Features

Frequently Asked Questions

What is Micro ATM?

What is an OTP, and why is it important for credit card transactions?

Q1: Can I Add a Credit Card To Google Pay?

How to open the Kotak UNI Student Bank Account?

Can a senior citizen open a savings account?

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