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Introducing the Everyday Rupay Debit Card


Debit Card

Everyday Rupay Debit Card features

  • 1st year free Rupay Debit Card (No Issuance charges)
  • Higher Daily Limits for transaction within India and abroad: Rs. 3,00,000
  • Higher ATM Withdrawal Rs 1,00,000/-
  • Free Unlimited domestic transactions at Kotak Bank ATMs and 10 free ATM transactions on other bank ATMs per month
  • Higher Insurance Cover*
  • Higher Insurance Cover includes Lost Card Liability: Rs. 3,50,000 | Purchase Protection Limit: Rs. 1,00,000 | Lost Baggage Insurance: Rs. 1,00,000 | Air Accident Insurance: Rs. 50,00,000 | Personal Accidental Death Cover of up to Rs 25,00,000. *
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Spend Everyday, Save Everyday with these amazing offers


* Customer induced transactions like Cash Deposit/Withdrawal, DD issuance, NEFT/RTGS/IMPS/UPI transactions, 5 ATM transactions (offus+onus),eCOM/Purchase transaction on Debit Card to be considered

All benefits are subject to terms, conditions and exclusions.

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. Limits apply.

3. Please click here for ActivMoney terms and conditions.

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Frequently Asked Questions


What is the ActivMoney facility?

Through this facility you can earn a much higher interest on your idle funds in the Savings Bank Account.

The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.

The advantages of this facility are:

  • Higher rate of interest earned.
  • You need NOT track idle funds regularly & give instructions to the bank to create Term Deposits out of Savings Account balances.
  • Greater Flexibility & Liquidity as the funds flow back into the Savings Account if the balance in the Savings Account falls below a particular level.

What is Everyday Savings Account?

Everyday Account is unique product offering with power-packed benefits designed exclusively for the needs of customers who are expecting to save while they spend on their account.

The product offers freedom from AMB maintenance based on usage (transactions). Also, enjoy exclusive offers and discounts on your Everyday Rupay Debit Card, every day of the week on categories like dining, travel, movies, groceries, medicines and more….

What are the advantages of Everyday Savings Account

The advantages of holding an Everyday Savings Account are:

  • Freedom from balance maintenance based on regular usage* (transactions).
  • 20% instant discount on BookMyShow using Everyday Debit Card (capped at Rs. 100 per transaction)
  • 30% off on Eazydiner, up to Rs. 1000 instant discount exclusively on Everyday Debit Card
  • Surprise rewards on achieving transaction milestones during the month
  • Specials Offers on your Birthdays and completion of your anniversary with the bank
  • 1st year free Every Day Rupay Debit Card , with unlimited free ATM transactions on Kotak Bank ATM
  • Earn up to 4*% interest on your savings account balance1
  • Free at-par cheque (up to 100 leaves per year)
  • Free Phone Banking, Net Banking and Mobile Banking
  • Free NEFT (only through Net Banking)
  • Free cash withdrawals at Kotak Bank ATMs
  • Free IMPS transactions
  • Convert savings account balance above a certain amount into Term Deposits with Kotak ActivMoney

Who are eligible to open an Everyday Savings Account?

To apply for Kotak Mahindra Bank Savings Account, you should belong to any one of the below mentioned categories:

  • Resident Indians (sole or joint account)
  • Hindu Undivided Families
  • Foreign nationals residing in India

What is the minimum Average Monthly Balance (AMB) requirement for an Everyday Savings Account?

Now transact* 30 times a month or maintain Average Monthly Balance (AMB) of Rs. 20,000/- to get Non Maintenance charges (NMC) waived on your Everyday Savings Account

How is the Average Monthly Balance (AMB) requirement calculated for savings account?

Average Monthly Balance is calculated by dividing the sum of all ‘End of Day’ balances in a month by the number of days in that month.

Average Monthly Balance is calculated by dividing the sume of all ‘End of Day’ balances in a month by the number of days in that month.

Please refer the following illustration for the calculation of AMB.

Sample Bank Statement:

Sr. no.





Closing balance


January 1st, 2012

Opening Balance



Rs. 10,000/-


January 10th, 2012

ECS Credit-VD


Rs. 10,000/-

Rs. 20,000/-


January 16th, 2012

Cash Withdrawal

Rs. 5,000/-


Rs. 15,000/-


January 25th, 2012

Cheque Deposit- MICR Clearing


Rs. 20,000/-

Rs. 35,000/-


January 28th, 2012

HPCL Petrol Pump POS 43860000000012

Rs. 1,000/-


Rs. 34,000/-


January 30th, 2012

Cash Deposit Mumbai


Rs. 9,000/-

Rs. 43,000/-


January 31st , 2012

Funds Transfer

Rs. 25,000/-


Rs. 18,000/-

AMB Calculation:

Sr. No.

Time Period


Amount (Rs.)


EOD Balance from January 1st, 2012 to January 9th, 2012

Rs. 10,000/- x 9

Rs. 90,000/-


EOD Balance from January 10th, 2012 to January 15th, 2012

Rs. 20,000/- x 6

Rs. 1,20,000/-


EOD Balance from January 16th, 2012 to January 24th, 2012

Rs. 15,000/- x 9

Rs. 1,35,000/-


EOD Balance from January 25th, 2012 to January 27th, 2012

Rs. 35,000/- x 3

Rs. 1,05,000/-


EOD Balance from January 28th, 2012 to January 29th, 2012

Rs. 34,000/- x 2

Rs. 68,000/-


EOD Balance for January 30th, 2012

Rs. 43,000/- x 1

Rs. 43,000/-


EOD Balance for January 31st , 2012

Rs. 18,000/- x 1

Rs. 18,000/-


Total EOD balances for the month January 2012


Rs. 5,79,000/-


Divide by the no. of days in the month




Average Monthly Balance (AMB)


Rs. 18677.42/-

In what ways can I track my savings account?

You have access to a number of channels to track the transactions in your savings account:

  • Physical account statements are sent quarterly for Edge/Pro/Ace savings accounts
  • Mini statements through the ATM
  • Email and Mobile alerts
  • Savings Account balance enquiry through SMS
  • View savings account details & transactions through Net Banking