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Stay informed with everything you need to know about Kotak Solitaire. Explore key features, charges and important information like the General Schedule of Features & Charges (GSFC) to ensure a seamless banking experience.
| Particulars | Kotak Solitaire | Charges |
|---|---|---|
| Non-maintenance | NA | |
| Fund Transfers | NEFT1/RTGS/Fund Transfer (Through Netbanking/Mobile Banking/Branch) | Nil |
| IMPS | Nil | |
| Cash Transactions | Cash transaction—deposit or withdrawal at Branch/Cash Deposit Machine (CDM). | Up to 5 free transactions or ₹15 lakh per month—whichever occurs first. Beyond the free limit, ₹5 per ₹1000 is charged, with minimum fees of ₹150. |
| Debit Card | Debit Card Charges | NIL for Solitaire program customers |
| Debit Card anniversary charges | NIL for Solitaire program customers | |
| Kotak Bank ATM—Cash withdrawal/ Non-financial transactions2 | No charges up to 30 transactions. Thereafter, ₹23 per financial transaction and ₹10 per non-financial transaction. | |
| Other Domestic ATM—Cash Withdrawal3/Non-financial transactions2 | ||
| Cash withdrawal/Non-financial transactions2 at International ATM4 | NIL | |
| Cross-currency markup on International transactions | 1.5% per International cash withdrawal and purchase transaction | |
| Dynamic Currency Conversion (DCC) Charges | 1% per transaction for all dynamic currency conversion International transactions | |
| Declined transactions at ATM, merchant outlets, websites due to insufficient balance5 (w.e.f April 1, 2019) | NIL | |
| Cardless cash withdrawal (IMT) | NIL | |
| DD/ Pay order/ Cheque Book | DD/Pay Order/Cheque Book | Nil |
| DD/Pay order FCY—DD/TT/Cheque Collection/Revalidation/Cancellation/Deposit and Return |
Nil | |
| At-par Cheque book charges | Nil | |
| Transaction Failure | ECS/Cheque issued & returned (due to non-availability of funds) | ₹500/instance (Max capped at 5/month) |
| ECS Mandate Verification | Nil | |
| SI Failure | Nil | |
| Cheque deposited and returned (INR) | Nil | |
| Cheque issued and returned (INR)—Non-financial reason | Nil | |
| Branch Requests | Foreign Inward Remittance Certificate |
Nil |
| Duplicate Ad-hoc statement, Duplicate Passbook, TDS Certificate through Branch or any other Record Retrieval, Stop Payment – Single/ Range of cheque through branch/ CEC, DD Revalidation, PO/BC Revalidation/Cancellation (INR), Annual Combined Statement—Physical, Monthly Physical Statement | Nil | |
| Statements & Alerts6 | Statements | Nil |
| Balances, transaction & value-added alerts (50p per SMS—Daily & Weekly) | Nil | |
| Other Charges | TOD Cheque purchase charges |
₹500 0.5/1000 (Min 50, Max 10,000) |
| Complimentary Services | Passbook (in lieu of account statement), Current Year, balance & Interest Statement, Signature Verification Certificate, Photo Attestation, Address Confirmation, Balance & Interest Statement, Regeneration of PIN of Net Banking/Phone Banking/Debit Card (sent through courier), Account Closure, Cash/Instrument Pick Up/Delivery/KYC Pick Up | Nil |
| Debit Card Issuance/Annual Charges7 | Privy League Signature Neon Debit Card – Add-on Privy League Signature Platinum Debit Card – Primary Privy League Signature Platinum Debit Card – Add-on Privy League Infinite Black Debit Card – Primary Privy League Infinite Black Debit Card – Add-on Kotak PVR Debit Card8 |
Nil Nil Nil Nil Nil Issuance fee – ₹499 Annual fee – ₹499 |
| Other Debit Card Related Charges7 | Replacement of Debit Card | Nil |
| Issuance fee for Image Debit Card | Nil | |
| Goods and Service Tax (GST) on Foreign Currency Conversion Charges (FCY)9 | ||
| Purchase or Sale Value of Foreign Currency | Value on which GST rate will be applicable | |
| Up to ₹1,00,000 | 1% of the gross currency exchange amount 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 | |
| Disclaimer: | ||
| All charges are in Rupees | ||
| [3] Cash withdrawal limit from other Domestic ATM is ₹10,000 per transaction. | ||
| [6] Transaction and value-added SMS alerts would be sent at no charges to the customers who have subscribed for Daily/weekly balance alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent at no charge, even if Daily/weekly Balance SMS alerts facility has not been subscribed. |
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| [1]Indo-Nepal Remittance Scheme (NEFT Charges): — If Beneficiary maintains an account with Nepal SBI Bank Ltd. (NSBL): ₹25 per transaction (including all taxes). — If Beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Up to ₹5000, ₹75 per transaction & beyond ₹5000, ₹100 per transaction (including all taxes). — This General Schedule of Features and Charges is applicable only for Kotak Solitaire customers. For others, charges pertaining to the Saving Account product held by the customer will be applicable. |
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| NA = Not applicable | ||
| To note: In case if a customer is being regraded to lower tiers, standard charges for all products/services including Debit Card shall be applicable | ||
| [4]Additional charges levied by another bank on International ATM transactions will also have to be borne by the card holder. | ||
| [9] 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. | ||
| [7] All upsell Debit Cards shall be chargeable as per rates applicable. | ||
| [2] Non-financial transactions are Balance Inquiry, Mini Statement & PIN Change. | ||
| [5] Penalty charges. Not applicable once the account becomes inoperative/dormant. | ||
| — The Bank will charge cross-currency mark-up charge of 1.5% on foreign currency transactions carried out on all Signature Debit Cards, 1.5% on Privy Infinite Debit Card and Solitaire debit card. The exchange rate used will be the VISA/Master Card wholesale exchange rate prevailing at the time of transaction. Tax Collected at Source on all such transactions will be applicable at prevailing rates as per the prevailing law. — A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash/PoS). The charge is not applicable for Platinum/Black customers. — Charges are exclusive of the Goods and Service Tax (GST). With effect from 1st July, 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. 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. Closure of account due to revision of charges will not be subject to account closure charges. — The above charges are applicable for all states other than 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. — State government taxes/Cess as applicable shall be charged. |
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| “W.e.f 1st September 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year.” | ||
| [8] Issuance and annual fee for Kotak PVR Debit Cards is waived off for Corporate Salary accounts. | ||
| [10] https://www.india.gov.in/spotlight/unique-disability-id | ||
| Debit card anniversay fee as per Debit Card GSFC will be charged if the customer is downgraded from the Solitaire programme. | ||
| Remittances/Payments | Particulars | Standard Charges |
Applicable for Solitaire Business |
|---|---|---|---|
| Demand Draft/ Banker's Cheque | Payable at branch locations | ₹1 per 1000 (Min ₹50, Max ₹5000) |
Nil Charges |
| Payable at non-branch locations | ₹2 per 1000 (Min ₹50, Max ₹5000) |
Nil Charges | |
| RTGS | Applicable only if done in the branch | ₹2-5L: ₹20/txn; >₹5L: ₹40/txn |
Nil Charges |
| NEFT1 | Applicable only if done in the branch | Up to ₹10K: ₹2/txn; >₹10K to ₹2L: ₹4/txn; >₹2 L: ₹24/txn |
Nil Charges |
| IMPS | Up to ₹1,00,000: ₹5/txn; Above ₹1,00,000: ₹15/txn |
Nil Charges | |
| Chequebook | Default chequebook is payable at-par only | Up to 500 leaves/p.m.: ₹2/leaf; Above 500 leaves/p.m.: ₹3/leaf |
Nil Charges |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| Home Banking | |||
| On-call Request | Cash pickup or delivery | Up to ₹2L: ₹875 ₹2L to ₹6 L: ₹1,475 ₹6.01L to ₹10L: ₹2,475 ₹10.01L to ₹20 L: ₹4,075, ₹20.01L to ₹100.00L: ₹6,675 per request |
Standard Charges Apply |
| Cheque pickup/DD delivery | ₹75 per request | Nil Charges | |
| Beat Service | Cash pickup per location & per month |
Up to Rs.50 K: Rs.5 K Up to ₹50 K: ₹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 per location & per month |
Standard Charges Apply |
| Cheque pickup | ₹500 p.m. | Nil Charges | |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| Cash Deposit & Withdrawal | |||
| Cash Deposits | At home branch & non-home branch locations | ₹3.5/1000; Min ₹50 per txn |
Nil charges of up to 10 times of previous month's average credit balance; Max ₹20 Cr. p.m.; thereafter Std. Charges Apply |
| Cash Withdrawal | For non-home branch locations | ₹2/1000; Min ₹50 per txn | Nil charges up to ₹7.5L per day; thereafter Std. Charges apply |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| Automated Teller Machine (ATM): Kotak ATM Txn | Nil Charges up to 5 Transactions | |||
| 2VISA ATMs usage charges - Domestic |
Non-financial Txn. | ₹10 per txn | Nil Charges |
| Cash Withdrawal | ₹23 per txn | ||
| VISA ATMs - International | Non-financial Txn. | ₹25 per txn | Nil Charges |
| Cash Withdrawal | ₹150 per txn | Nil Charges | |
| Txn. declined at merchant outlets/website/ATM, due to insufficient balance | Insufficient Funds | ₹25 per txn | Nil Charges |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| Relationship Value ₹1 Crore and above | |||
| Remittances/Payments | Particulars | Standard Charges (₹) | Applicable for Solitaire Business |
| Debit Card | |||
| Debit Card Charges | Joining & Annual Fee | ₹259 p.a. | Nil Charges |
| Account Related | |||
| Average Quarterly Balance (AQB) Non-maintenance3 | Non-maintenance charges per quarter | If AQB < 50% of the required Product AQB | Nil Charges |
| If AQB >=50% but < 100% of the required Product AQB | Nil Charges | ||
| Cheque Returns3 | |||
| Cheques Deposited & Returned (Outward) |
Local & outstation | ₹100 per Cheque | Nil charges up to 10 p.m.; thereafter Std. Charges apply |
| Cheques Issued and Returned (Inward) |
Financial reasons | ₹500/instance | Standard Charges Apply |
| ECS returns | Financial reasons | ₹500/instance | Standard Charges Apply |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| SMS Alerts & Updates | |||
| Balance (Daily/Weekly), Txn. & Value-added Alerts |
SMS - ₹0.50 per SMS Email - Nil charges |
Nil Charges | |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| Charges Common for All Products | |||
| Account Statements (Through Email - Nil charges) | |||
| Ad-hoc Statements Request | At Branch/Phone Banking On Net Banking/ATM |
<=365 Days: ₹100 >365 Days: ₹200 ₹50 |
Standard Charges Apply |
| Foreign Currency Payments & Collections | |||
| DD Issuance/DD Cancellation /DD Revalidation/Cheque Collection | ₹500 | Standard Charges Apply | |
| TT Transfer4 | Corr. Bank Chrgs. Borne by Beneficiary | ₹250 | Standard Charges Apply |
| Corr. Bank Chrgs. Not Borne by Beneficiary |
₹1000 | Standard Charges Apply | |
| Cheque Deposited and Returned4/Cheque Issued and Returned4 3(Financial Reasons) ₹1000 |
₹1000 | Standard Charges Apply | |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| Miscellaneous Charges | |||
| Fund Transfer Return | Financial Reasons | ₹300 | Standard Charges Apply |
| Cheque Purchase Charges | ₹0.5/1000 per Day | Standard Charges Apply | |
| Travellers Cheque Encashment4 | 1% of TC Amount | Standard Charges Apply | |
| Mandate Registration Charges | ₹50/Instance | Nil Charges | |
| Stop Payment | ₹100 Per Request | Nil Charges | |
| Standing Instruction Failure | ₹100 | Standard Charges Apply | |
| TDS Certificate(Duplicate only) | ₹200/Request | Standard Charges Apply | |
| Solvency Certificate | 10000.0 | Standard Charges Apply | |
| TOD Charges | 500.0 | Standard Charges Apply | |
| Authorised Dealer Code Letter | ₹500 per request | Standard Charges Apply | |
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| GST on Foreign Currency Conversion Charges (FCY)4 | |||
| 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 exchanged less ₹10,00,000 subject to maximum of ₹60,000 | ||
| -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | |||
| Disclaimer | |||
| Please Note | 1. Classic Card will not be available to customers whose Current Accounts were opened with Kotak Bank after 20th December 2011. 2. Charges against the Classic Card will be the same as those against Business Gold. 3. Coin Deposit charges: "Nil Charges" up to a deposit value of ₹50; Beyond ₹50 per instance, 5% of the coins deposited will be charged. 4. Low Denomination Charges: 0.5% of the value above ₹5000 deposit per instance; Only ₹10 and ₹20 notes will be considered. 5. SMS Alerts & Updates: Mandatory Alerts will not be charged. 6. Home Banking (On-Call & Beat Service): Offered at select locations. The maximum slab available for cash pickup is up to ₹100 lakh only. 7. Lower denomination notes (value equal to or less than ₹50 ) and coins will not be accepted. 8. Home Banking Beat Cash Service charges will be charged as per agreed Contractual Slab monthly. The charges are applicable per month & per location basis. 9. Non-financial txn under the debit card section includes Balance enquiry, Mini-statement & PIN change. |
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| Please Note | *Indicates Standard Charges are Applicable | ||
| Please Note | [1]Indo - Nepal Remittance Scheme (NEFT Charges): | ||
| Please Note | — If the beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): ₹25 per txn (incl all taxes) — If the beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Up to ₹5000: ₹75 per txn & beyond ₹5000: ₹100 per txn (including all taxes). |
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| Please Note | # Applicable for all transactions that involve conversion of foreign currency. This charge is applicable from 16th May 2008 as per the CBDT Circular ## Neo Current Account is available in select locations only. *Nil charges on transaction and value-added SMS alerts for the customers who have subscribed to the Daily/Weekly balance alert facility. *Alerts that RBI has mandated, as well as alerts which are deemed appropriate by the Bank, will be sent without any charges, even if |
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| Please Note | [4]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. |
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| Please Note | [3]Indicates penalty charges | ||
| Aggregate Cash Withdrawals in all accounts in a Financial Year | Upto ₹20 Lakhs ₹20 lakhs to ₹1 crore In excess of ₹1 crore |
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