Fees and Charges for Loan Against Securities - Avail Loans at Low Interest Rates and Processing Fees at Kotak Bank

Particulars		Loan Against Securities
Average Quarterly Balance (AQB) in ₹		NIL
REMITTANCES / PAYMENTS
Demand Draft / Banker's Cheque	Payable at Branch Locations	1/1000 (Min 50 Max 5000)
Demand Draft / Banker's Cheque	Payable at Non - branch Locations	2/1000 (Min 50 Max 5000)
RTGS	Applicable only if done in Branch	2 - 5 L: 20/ txn; > 5 L: 40/ txn
NEFT**	Applicable only if done in Branch	Upto 10k: 2/txn; >10K to 2L: 4/txn >2 L: 24/txn
IMPS		Upto ₹ 100000: ₹5 / txn Above ₹ 100000 : ₹ 15 / txn
Cheque Book	Default Cheque Book is Payable At-par Only	NIL Charges upto 50 cheque leaves p.m.; then up to 500 leaves /p.m.-2/leaf;Above 500leaves/p.m.-3/leaf
Home Banking:
On Call Requests	Cash Pick-up or Delivery^	Upto 2 lacs: ₹ 875/- ₹ 2 lacs to ₹ 6 lacs: ₹ 1,475/- ₹ 6.01 lacs to ₹ 10 lacs: ₹2,475/- ₹10.01 Lac to ₹ 20 Lacs: ₹4,075/-₹20.01 Lacs to ₹100.00 Lacs: ₹6,675/-
On Call Requests	Cheque Pick-up/DD Delivery	₹ 75/- per request
Beat Service	Cash Pickup Per Month & Per Location	Up to ₹ 50,000: ₹5K ₹50K to ₹1L: ₹6K ₹1L to ₹2L: ₹7.5K ₹2L to ₹4L: ₹10K ₹4L to ₹6L: ₹15K ₹6L to ₹8L: ₹20K ₹8L to ₹10L: ₹25K ₹10L to ₹15L: ₹35K ₹15L to ₹20L: ₹40K ₹20L to ₹50L: ₹50K ₹50L to ₹100L: ₹75K
Beat Service	Cheque Pick-up	300 p.m.
Cash Deposit & Withdrawal:
Cash Deposits	At Home Branch & non Home Branch Location@	1 times of previous month’s Avg OD Utilization / Avg Debit Balance or 20lakh whichever is lower, thereafter Standard charges therafter ₹ 4/1000 Min 50 per txn
Cash Withdrawal	For Non - home Branch Location	NIL Charges upto 25K per day; thereafter std charges ₹ 2/1000 Min 50 per txn
Automated Teller Machine (ATM): Kotak ATM Txn - Nil Charges upto 5 Transaction
^^VISA ATMs - Domestic	Non Financial Txn	NA
^^VISA ATMs - Domestic	Cash Withdrawal	NA
VISA ATMs - International	Non Financial Txn	NA
VISA ATMs - International	Cash Withdrawal	NA
Txn declined at merchant outlets/website/ATM, due to insufficient Balance^^	Insufficient Funds	NA
Debit Card:
Debit Card Charges	Annual Fee	NA
Other Charges:
Account Related
AQB Non - maintenance <>	Non maintenance charges per quarter	NA
AQB Non - maintenance <>	Non maintenance charges per quarter	NA
Cheque Returns <>
Cheques Deposited & Returned (Outward)	Local & Out-station	₹ 100 per Cheque
Cheques Issued and Returned (Inward) & ECS returns	Financial Reasons	₹ 500/instance
SMS Alerts & Updates
Balance (Daily/Weekly), Txn & Value Added Alerts		SMS - ₹ 0.50 per SMS Email - Nil charges
Charges Common for All Products
Account Statements (Through Email -Nil charges )
Ad- hoc Statements Request	At Branch/ Phone Banking	<=365 Days: ₹100
	At Branch/ Phone Banking	>365 Days: ₹ 200
	On Net Banking/ ATM	50.0
Foreign Currency Payments & Collections
DD Issuance/DD Cancellation /DD Revalidation/Cheque Collection		500.0
TT Transfer ~	Corr Bank Chrgs Borne by Beneficiary	250.0
TT Transfer ~	Corr Bank Chrgs Not Borne by Beneficiary	1000.0
Cheque Deposited and Returned ~ / Cheque Issued and Returned ~ <> (Financial Reasons)		1000.0
Miscellaneous Charges
Fund Transfer Return	Financial Reasons	300.0
Cheque Purchase Charges		₹ 0.5/1000/Day
Travelers Cheque Encashment ~		1% of TC Amount
Mandate Registration Charges		₹50/Instance
Stop Payment		₹ 100 Per Request
Standing Instruction Failure		100.0
TDS Certificate (Duplicate only)		₹ 200/Request
Solvency Certificate		15000.0
TOD Charges		500.0
Authorised Dealer Code Letter		₹ 500 per request
GST on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency		Value on which GST rate will be applicable
Up to 1,00,000		1% of the gross amount of currency exchanges or minimum of ₹250/-
Above ₹1,00,000/- to ₹10,00,000/-		1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
Above ₹10,00,000/-		₹5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of ₹60,000/-
Services Offered at "NIL CHARGES"
1. Out-station Cheque (Cheques drawn on non-speed clearing branches)		6. Interest Statement & DD/BC Cancellation & Revalidation
2. Debit Card Replacement (Lost / Stolen Card)		7. Signature Verification Address Confirmation
3. Bank Statement Weekly (Physical),Annual Combined Statement, Balance Statement (Other than 31st March)		8. Record retrieval charges & Photo Attestation
4. PIN Regeneration at ATM/ Net Banking/ Phone Banking,		9. Confidential Report & Credit Confirmation
5. Standing Instruction - Set-up/ Amendment		10. Account Closure Charges (Customer Induced Closure)
5. Standing Instruction - Set-up/ Amendment		11. IMT - Instant Money Transfer (Cashless Card Withdrawal)
LOAN OVERDRAFT CHARGES
Penal Charges on Overdrawn Amount		8% p.a. + applicable taxes on the overdrawn amount
Processing Fee		For Digital cases - ₹ 1,499/-
		For Equity (Non-Digital), Debt - MF/FMP/, Bonds – Up to 2% of the Loan/Sanctioned credit limit subject to Minimum of ₹ 2,500/-)
		For other physical securities (LIC / Pvt Insurance policies) – Up to 2% of the Loan/Sanctioned credit limit subject to Minimum of ₹ 5,000/-
Renewal Fee		₹ 3,500+GST (for non-insurance cases)
Renewal Fee		₹5000+ GST( For Insurance cases)
Security Invocation Charges		0.3% of the sell-off value subject to minimum of ₹500/- & maximum of 5,000+GST
Maturity Invocation		Invocation charges of ₹5,000 (only in cases where customers are unwilling to collect the proceeds on their own)
Maturity Invocation		For deep geography (remote) locations, a fee up to 1% on the maturity amount will be charged subject to a minimum of ₹ 10,000 and a maximum of ₹ 25,000 (only in cases where customers are unwilling to collect the proceeds on their own)
MF Pledge charges for CAMS- Pledged digitally		₹ 700+ GST per request
Partial release of MF		₹ 50 per request
Partial release of Insurance Policies		₹ 50 per request
Sale of security in the event of default*		All brokerages, transaction charges and other levies as per actuals
Demat charges		As applicable to the Demat account from time to time
Stamp duty and other statutory charges		As applicable
Portfolio statement charges		₹ 50 per request
Rate Reduction charges		₹ 3,000 + GST
Benchmark change charges		₹ 10,000+GST
Prepayment charges		Nil
Kotak Mahindra Bank lending rate range: Q4 FY 25-26
Type of LAS facility	Maximum	Minimum	Mean
Equity	11.45%	8.15%	9.43%
Debt	10.25%	7.45%	9.01%
Total	11.45%	7.45%	9.33%
Note: The mean rate of interest is computed basis sum of each rate of interest charged/sum of the number of accounts opened.
Annual Percentage Rate (APR) offered to customers during the period of Q4 FY 25-26 (APR)
Type of LAS facility	Maximum	Minimum	Average APR
Equity	11.58%	8.40%	9.52%
Debt	10.50%	7.46%	8.43%
Please Note:
Average Quarterly Balance is the average balance to be maintained in your account in a quarter. It is not the lowest/minimum balance in your account on any given day
Kotak Mahindra Bank levies Non-Maintenance Charge (NMC) in case Average Qty balance in the account is not maintained. NMC is NIL till the time the LAS limits are availed in the current account.
The above current charges; subject to change by Kotak Mahindra Bank are applicable until the LAS limits are available in the account. Thereafter, all charges applicable to Edge Current account shall be applicable on this account. For details of all applicable charges, please refer the General Schedule of Features & Charges available at our branch or website www.kotak.bank.in
Coin Deposit charges: "Nil Charges" upto deposit value of ₹ 50; Beyond ₹ 50 per instance, 5% on entire amount of coins deposited will be charged. Low Denomination Charges: 0.5% of the value above ₹ 5000 deposit per instance; Only ₹ 10 and ₹ 20 notes will be considered.
Penal Charges: Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes. The penal charge is over and above the contracted rate.
SMS Alerts & Updates : - Mandatory Alerts will not be charged
Home Banking (On Call & Beat Service) - Offered at select locations. Maximum slab avaliable for cash pick up is up to 100 lacs only. Lower denomination (value equal to or less than ₹ 50 ) notes and coins will not be accepted.
^Home Banking Beat Cash Service charges will be charged as per agreed Contractual Slab on a monhtly basis. The charges are applicable per month & per location basis
* Indicates Standard Charges are Applicable
Abbreviations Used: For all value figures L=Lakhs & K=Thousand; Chq = Cheque; Std = Standard; Chrg = Charge; Txn=Transaction; p.m.=per month; p.a.=per annum; Avg=Average; FCY= Foreign Currency; FT=Fund Transfer; Corr=Correspondent; TOD=Temporary Overdraft; w/o= without
"NIL Charges" are not applicable for Current Accounts Maintaining Less than 75% of the Required Product AQB:
Product wise limits offered on cash deposit with "NIL Charges" shall be applicable only if the Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product AQB; else standard charges shall apply as per the GSFC in effect. Additionally, AQB non-maintenance charge will also be applicable as mentioned in GSFC.
**Indo - Nepal Remittance Scheme (NEFT Charges):
If beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): ₹ 25 per txn (incl all taxes)
If beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Upto ₹ 5000 - ₹ 75 per txn & beyond ₹ 5000 - ₹ 100 per txn (incl all taxes)
# Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular
~ Any purchase / sale of foreign exchange will attract GST on the gross amount of currency exchanged as per GST on Foreign Currency Conversion Charges (FCY) table above
Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of ₹ 300/- per rejection.
Home branch location is defined as all the branches belonging to the same clearing zone in which the account is opened.
*Nil charges on Transaction and Value added SMSalerts to the customers who have subscribed for Daily/Weekly balance alert facility.
*Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent without any charges, even if Daily/Weekly Balance SMS alerts facility has not been subscribed.
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. Applicable GSFC : -ODBFA to follow ODELI, up to INR 20 lakh of Cash Deposition is at Nil Charges and amount above INR 20 lakh shall attract standard charges
<> Indicates penalty charges
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.
"State Government taxes / Cess as applicable shall be chargedº
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 ₹20 Lakhs		Nil	Nil
₹20 lakhs to ₹ 1 crore		Nil	2%@
In Excess of ₹ 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.
All charges are subject to revision with an intimation of 30 days to account holders Closure of account due to revision of charges will not be subject to account closure charges.

Loan Against Securities

You make investments to grow your money. But what if you need funds urgently, and they’re tied up in securities? By selling them, you would be reducing your earnings, while also missing out on any future opportunities that may arise. In order to meet your short-term financial needs, Loan against Securities offers a good choice as you do not have to sell your stocks in haste. Moreover, the interest rate at which you get loan against securities is lesser as compared to a personal loan.

Most competitive interest rates
for Loan Against Securities

Instant liquidity

Interest on Overdraft facility
is charged only on utilized funds

Complete online access to funds

Tenure of 12 months renewable yearly

Multi-city Banking

Dedicated service desk

SMS and email alert services

Loan against securities is available in the form of an overdraft facility. It helps you get loan against the securities that you have, for the time being, merely pledged without selling them off in haste. The value of the overdraft limit that is advanced to you is determined on the basis of the securities like equity shares, mutual funds, bonds & insurance that is pledged by you.

The advantageous part of pledging your securities is one that you are able to get steady cash easily at the time you need it most and secondly you would not be devoid of the benefits as a shareholder. This means that you can enjoy your rights of receiving dividends and bonuses along with gaining from the price movements in the shares for which you have availed the loan from the bank.

Disclaimer

No lending will be done against:
- Partly paid up shares
- Physical shares
- Scrips in name of minor.
- Shares of Kotak Mahindra Bank
Stocks / Shares need to be part of our approved list of securities.
Click here for important terms and conditions for the release of documents.
Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.

Frequently Asked Questions

How will death claim get processed in-case of the death of borrower/co-borrower in LAS account?

Surviving borrower/co-borrower of LAS account need to submit request for security released through register Email ID or at branch by submitting intimation letter of demise along with death certificate.

In case of nominee /legal heir of deceased can submit request for security released through branch by submitting intimation letter of demise along with death certificate & identity proof of nominee /legal heir.

Further release of security will be processed basis account utilization status.