Open Nova Savings Account for Customized Banking

Nova Savings Account

The Nova Savings Account is a unique savings account that lets you manage all your financial needs anytime. Enjoy the complete financial package with free NEFT and other benefits just for you. With ease in eligibility criteria, it is very easy to open this savings account.

Monthly Balance

Average Monthly Balance (AMB)
of Rs. 5,000/-

Attractive Interest Rates

Earn FD like interest in your Savings Account with ActivMoney, click here to know more

Free Cash Withdrawals

Free access to all domestic VISA ATMs
Free cash withdrawals at
Kotak Bank ATMs

PayShopMore Card

Make your everyday payments with ease using PayShopMore Card. For further information,
Please click

Kotak ActivMoney

Convert savings account balance above a certain amount into Term Deposits with Kotak ActivMoney

Free at-par cheque

Enjoy upto 25 cheque leaves free per Year using Kotak Bank's Nova account

Transfer Money

Free NEFT/RTGS (only through Net Banking)

Digital Banking

Free Phone Banking, Net Banking and Mobile Banking

Check your eligibility for the Nova Savings Account.
Explore more savings account options that best suit your needs.

Disclaimer

Nova/Classic Savings Account is available in Semi-urban/rural branches only.

1. Daily balances in Savings Account across all account balances will earn 2.50% interest p.a. These interest rates are applicable for both Resident and Non-resident Accounts (NRE/NRO).

2 Limits apply.

3 Please click here for ActivMoney terms and conditions.

**Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges

All benefits are subject to terms, conditions and exclusions.

Eligibility Criteria

To apply for Kotak Mahindra Bank Nova Savings Account you need to hold any one of the following accounts with us

Resident Indians (Sole or joint account)
Hindi Undivided Families (HUF)
Foreign Nationals Residing in India¹

Know the fees and charges for the Nova Savings Account.
Explore more savings account options that best suit your needs.

Disclaimer

¹ Foreign nationals (resident in India), should obtain an undertaking in form QA 22 duly signed by all the persons (irrespective of nationality) who are authorised to operate on the accounts. Fresh declarations will be necessary in the event of any addition to the list of persons authorised to operate on the accounts. Form QA 22 need not be completed by foreign nationals of non-Indian origin permanently resident in India and foreign nationals of Indian origin (other than those who are residing in India for employment of specified duration irrespective of the length thereof or for a specific job or assignment, the duration of which does not exceed three years) and foreign-born wives of Indian nationals and of persons of Indian origin resident in India.

Click Here to Know about Fees and Charges

Be ready with following documents while opening this account

Sr. No.	Name of the Document (valid)	Identity Proof	Address Proof
1	Passport	Yes	Yes
2	Driving Licence	Yes	Yes
3	Aadhaar (Post e-KYC authentication by Bank)	Yes	Yes
4	Voter Id	Yes	Yes
5	Job Card issued by NREGA	Yes	Yes
6	Letter issued by National Population Register	Yes	Yes