The Kotak Mahindra Edge Salary Account provides a plethora of benefits and privileges, all tailored to meet the financial needs of a salaried professional.
Earn higher rate of interest on funds in your account with Activ Money
Earn FD like interest in your Salary Account with ActivMoney, click here to know more
Transfer funds online using NEFT, RTGS for free
Unlimited ATM transactions at all Kotak ATMs in India
Avail up to 2 Non-Maintenance Charge waived Family Savings Account
Office and home banking facility
Note: The above benefits & offers are subject to review and change from time to time.
Daily balances in Savings Account up to Rs. 1 lakh continue to earn 3.50% interest p.a. and daily balances over Rs. 1 lakh and up to Rs. 5 crores continue to earn 4% interest p.a. Interest rate on daily balances in Savings Account above Rs. 5 crores stands revised at 3.75% p.a. wef Nov 1, 2020. These interest rates are applicable for Resident Accounts only.
Example: If End of Day Savings Account balance is Rs. 1,50,000, then Rs. 1,00,000 will earn interest of 3.50% p.a. and Rs. 50,000 (being the balance in excess of Rs. 1,00,000), will earn interest of 4.00% p.a.
Disclaimer - W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.
Please note, if your account is currently in dormant status, non-maintenance charges will not be applicable to the same. In order to activate your account, please visit your nearest Kotak Bank branch .
$Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges
Please click here for ActivMoney terms and conditions.