The Kotak Mahindra Classics Savings Account gives you the benefit of great features, that too at a comfortable balance requirement, so you can enjoy a banking experience that is truly exceptional. And with priority service from your Relationship Manager, you can rest assured that taking care of your banking and investment needs will be made effortless.
Average Monthly Balance (AMB)
of Rs. 10,000/-
Earn FD like interest in your Savings Account with ActivMoney, click here to know more
For further details, Please click here
Free Demand Drafts of up to Rs 1 lac per month
Free Access to all domestic Visa ATMs. Enjoy Unlimited free Cash withdrawals at our ATMs.
Get up to five free Transactions per month in other Bank ATMs
Free cash pick-up/delivery
Free instrument pick-up/delivery
(5 calls per month)
Convert savings account balance
above a certain amount
into Term Deposits
Nova/Classic Savings Account is available in Semi-urban/rural branches only.
1. 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.
2. Per transaction limit is Rs. 10,000/-.
3. In branch location free up to Rs. 1 lac, for other locations free up to Rs. 50,000/- per day.
4. Please click here for ActivMoney terms and conditions.
All benefits are subject to terms, conditions and exclusions.
*Non chip enabled Debit Cards issued on or after December 1 , 2013, cannot be used outside India.
**Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges
The Kotak Mahindra Classics Savings Account gives you the benefit of great features, that too at a comfortable balance requirement, so you can enjoy a banking experience that is truly exceptional. Classic Savings Account is available in Semi-urban/rural branches only.
The minimum average monthly balance for Classic Savings account is Rs.10,000.
It is power packed with lot of features, which are as follows:
1. Average Monthly Balance (AMB) of Rs. 10,000/-
2. Earn up to 4% interest on your savings account balance1
3. Free access to all domestic VISA ATMs
4. Free Classic Debit Card
5. Free Net Banking, Mobile Banking and Phone Banking
6. Free cash pick-up/delivery (5 calls per month)
7. Free instrument pick-up/delivery (5 calls per month)
8. Free NEFT through Netbanking
9. Free cash withdrawals from any Kotak branch across India
10. Free cash withdrawals at other domestic ATMs
11. Free Demand Drafts
12. 50 % Discount on first year Demat AMC
13. Convert savings account balance above a certain amount into Term Deposits with Kotak ActivMoney
Manage emergencies with quick personal loans. These loans are provided with quick disbursals.