NRO Account - Cash Deposit limit in NRO Account/Interest Rates/Minimum Balance Kotak Bank

Revision in General Schedule of Fees & Charges w.e.f 1^st January 2025’ Click here to know more.

General Schedule of Fees & Charges (GSFC) For NRE / NRO Savings, Current, Corporate Salary, PINS Accounts, Foreign Tourists/Students NRO Accounts & Foreign National (Bangladeshi/Pakistani) NRO Accounts
Accounts effective January 1st, 2025 (Amount in Rs. Unless otherwise specified)
Particulars		NRE / NRO Savings A/c	NRE Mariner Savings A/c	NRE / NRO Nova Savings A/c	NRE / NRO PINS A/c	NRE / NRO Current A/c	NRE / NRO Platina Savings Ac
Average Monthly Balance (AMB)		10,000	Nil	5,000	Nil	25,000	1,00,000
Non Maintenance Charge	Non maintenance of minimum monthly average balance <>	6% of the shortfall in required AMB per month (Max upto Rs 500/-)	NA	6% of the shortfall in required AMB per month (Max upto Rs 500/-)	NA	6% of the shortfall in required AMB per month (Max upto Rs 500/-)	6% of the shortfall in required AMB per month (Max upto Rs 600/-)
Debit/ATM Charges
Debit Card annual charges		Annual fees as per Debit Card GSFC detailed below
Non Kotak Domestic ATM - Cash Withdrawal / Non-Financial Transactions		Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @nil charges in metro cities*, thereafter Financial Txn - 21/txn, Non-Financial - 8.50/txn	Maximum of 10 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @nil charges in metro cities*, thereafter Financial Txn - 21/txn, Non-Financial - 8.50/txn	Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @nil charges in metro cities*, thereafter Financial Txn - 21/txn, Non-Financial - 8.50/txn	NA	Nil	Nil
Cash Withdrawal/Non-Financial Transaction at International ATM		Cash Withdrawal - 150/txn Non Financial - 25/ txn	Cash Withdrawal - 150/txn Non Financial - 25/ txn	Cash Withdrawal - 150/txn Non Financial - 25/ txn	NA	Cash Withdrawal - 150/txn Non Financial - 25/ txn	Cash Withdrawal - 150/txn Non Financial - 25/ txn
Transactions declined at merchant outlets /websites /ATMs^##, due to insufficient balance		25 per transaction	25 per transaction	25 per transaction	NA	25 per transaction	25 per transaction
Cheque return/SI/Transaction failure
ECS Return/Cheque Issued & Returned (Financial Reason)^<>		350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month
Cheque Issued & Returned (Technical Reason)		50	50	50	50	50	50
Cheque Deposited & Returned (INR)		200	200	200	200	200	200
Standing Instruction - Failure		100	100	100	NA	100	100
Cheque Deposited & Returned (FCY)		1000	1000	1000	1000	1000	1000
Foreign Exchange Services (FES)/Remittance Not allowed for non-broker third party transactions
FCY DD/ FCY Cheque Collection		500	500	500	500	500	500
SWIFT Charges^		500	500	500	500	500	500
Outward Remittance Charges^$		1000	1000	1000	1000	1000	1000
Foreign Bank Charges^$		1250	1250	1250	1250	1250	1250
DD / PO / BC Revalidation / Cancellation - FCY		500	500	500	500	500	500
Other Charges
TOD Charges		500	500	500	500	500	500
TC Encashment		0.3% of TC Amount (Min 50)	0.3% of TC Amount (Min 50)	0.3% of TC Amount (Min 50)	0.3% of TC Amount (Min 50)	0.3% of TC Amount (Min 50)	Nil
Debit Card Annual Charges
Pay Shop More/ Silk/ Rupay Debit Card		259 p.a	Free for 1st year, therafter 259 p.a	259 p.a	NA	259 p.a	Nil
Business Platinum		259 p.a	259 p.a	259 p.a	NA	259 p.a	Nil
Visa Platinum		750 p.a	750 p.a	750 p.a	NA	750 p.a	Nil
Replacement of Lost / Stolen Debit Card		200 p.a	200 p.a	200 p.a	NA	200 p.a	Nil
Image Debit Card Issuance Fee**		199	199	199	NA	199	199
Goods and Service Tax (GST) on Foreign Currency Conversion Charges (FCY)~
Value of Purchase / Sale of FCY		Value on which GST rate will be applicable
Up to Rs 1,00,000		1% of the gross amount of the currency charges or minimum of Rs 250/-
Above Rs 1,00,000/- to Rs 10,00,000/-		1000 + 0.50% of the gross amount of currency exchanged less 1,00,000
Above Rs 10,00,000/-		Rs 5,500/- + 0.10% of the gross amount of currency exchange less 10,00,000 subject to maximum of Rs 60,000/-