| Product Name
|
Loan Against Securities (in Rs.)
|
| Average Quarterly Balance (AQB) in Rs.
|
NIL
|
| REMITTANCES / PAYMENTS
|
| Demand Draft / Banker's Cheque
|
Payable at Branch Locations
|
Free 25 DD/ BC p.m.;
|
| thereafter 1/1000
|
| (Min 40 Max 5000)
|
| Payable at Non - branch Locations
|
2/1000 (Min 40 Max 5000)
|
| RTGS
|
Through Branch
|
Rs. 15/ txn
|
| Through Net Banking
|
Free
|
| NEFT
|
Through Branch
|
Free
|
| Through Net Banking
|
Free
|
| Fund Transfer
|
Branch & Net Banking
|
Free
|
| Cheque Book
|
Default Cheque Book is Payable At-par Only
|
1 Chq Book (50 Leaves) Free p.m.; 2 / leaf
|
| RECEIPTS / COLLECTIONS
|
| Local Cheque
|
|
Free
|
| Clearing Out-station Cheque
|
Drawn at Branch Locations
|
Free
|
| Drawn at Non - Branch Locations
|
< 10K: 50 / Chq;
|
| 10K - 1L: 25/Chq; >1L: Free
|
| (Plus Other Bank Chrgs)
|
| RTGS
|
Inward
|
Free
|
| NEFT
|
Inward
|
Free
|
| Fund Transfer
|
Inward
|
Free
|
| HOME BANKING
|
|
Cheque Pick-up or DD Delivery
|
40 / Request
|
| On Call Requests
|
Cash Pick-up or Delivery
|
< 2L: 200 / Request;
|
| 2 - 5L: 300 / Request
|
| Beat Service
|
Cheque Pick-up
|
500 p.m.
|
| CASH DEPOSIT & WITHDRAWAL
|
| Cash Deposits
|
At Home Branch Location
|
Free upto 2L p.m.;
|
| thereafter 2.5 / 1000
|
| At Non-home Branch Location
|
4.5 / 1000 ; Min 50 per Txn
|
| (Max 1L / Day w/o approval)
|
| Cash Withdrawal
|
From Home Branch Location
|
Free
|
| From Non-home Branch Location
|
2 / 1000 ; Min 50 per Txn
|
| (Max 3L/Day w/o approval)
|
| AUTOMATED TELLER MACHINE (ATM)
|
| Kotak ATMs
|
Balance Enquiry
|
NA
|
| Cash Withdrawal
|
NA
|
| Other Bank's VISA ATMs - Domestic
|
Balance Enquiry
|
NA
|
| Cash Withdrawal
|
NA
|
| Other Bank's VISA ATMs - International
|
Balance Enquiry
|
NA
|
| Cash Withdrawal
|
NA
|
| ATM Txns Declined
|
Insufficient Funds
|
NA
|
| OTHER CHARGES
|
| Account Related
|
| AQB Non - maintenance
|
NMC
|
Nil till LAS limit is availed, thereafter 900 per quarter
|
| Account Closure Charges
|
|
Nil
|
| Cheque Returns
|
| Cheques Deposited & Returned / (Outward)
|
Local
|
300 per Chq
|
| Out-station
|
300 per Chq + Corr Bank Chrgs
|
| Cheques Issued& Returned (Inward)
|
Financial Reasons
|
300 per Chq
|
| Technical Reasons
|
Free
|
| SMS Alerts & Updates
|
| Alerts
|
Large Debit / Credit
|
50 per Quarter
|
| Updates
|
Daily Balance
|
25 per Quarter
|
| Weekly Balance
|
Free
|
| Phone Banking
|
IVR Assisted
|
Free
|
| Agent Assisted
|
Free
|
| CHARGES COMMON FOR ALL PRODUCTS
|
| Account Statements
|
| Monthly
|
Physical / Email
|
Free
|
| Weekly
|
Physical
|
300 per Quarter
|
| By Email
|
Free
|
| Daily
|
By Email Only
|
Free
|
| Ad- hoc Statements Request
|
At Branch / Phone Banking
|
<90 Days: 100
|
| 91-365 Days: 200
|
| >365 Days: 1000
|
| On Net Banking, ATM
|
50
|
| On Mobile Banking
|
Free (by Email Only)
|
| Standing Instruction
|
| Set-up
|
|
50
|
| Execution
|
|
Free
|
| Amendment
|
|
25
|
| Failure
|
|
25
|
| STATEMENT / CERTIFICATE / REPORT ISSUANCE
|
| Balance Statement
|
Other than 31st March
|
100
|
| Interest Statement
|
Duplicate Only
|
100
|
| TDS Certificate
|
Duplicate Only
|
200
|
| Confidential Report
|
|
500
|
| Paid Cheque Report
|
|
Free
|
| Signature Verification
|
|
100
|
| Photo Attestation
|
|
300
|
| Solvency Certificate
|
|
10000
|
| Credit Confirmation
|
|
500
|
| Foreign Currency Payments & Collections
|
| DD Issuance
|
|
500 + FCY Conversion Chrg
|
| DD Cancellation
|
|
500 + FCY Conversion Chrg
|
| DD Revalidation
|
|
500
|
| TT Transfer
|
Corr Bank Chrgs Borne by Beneficiary
|
250 + FCY Conversion Chrg
|
| Corr Bank Chrgs Borne by Beneficiary
|
1000 + FCY Conversion Chrg
|
| Cheque Collection
|
|
500
|
| Cheque Deposited and Returned
|
|
1000
|
| Cheque Issued and Returned
|
Financial Reasons
|
1000
|
| Cheque Issued and Returned
|
Technical Reasons
|
Free
|
| MISCELLANEOUS CHARGES
|
| PIN Regeneration
|
ATM/ Phone/Net Banking
|
50
|
| (if sent through courier)
|
| DD/BC Cancellation /
|
|
100
|
| Fund Transfer Return
|
Financial Reasons
|
300
|
| Technical Reasons
|
Free
|
| ECS Return
|
|
300
|
| Online Tax Payment
|
Through Net Banking
|
N.A
|
| Through Branch
|
N.A
|
| Cheque Purchase Charges
|
|
0.5 / 1000 per Day
|
| Travelers Cheque Encashment
|
|
1% of TC Amount + FCY Conversion Chrg
|
| Foreign Currency Conversion Charge
|
|
100
|
| LOAN OVERDRAFT CHARGES
|
| Rate of Interest
|
|
8.5% to 11%
|
| Overline Interest
|
|
18%
|
| Processing Fee
|
|
For Digital cases - Rs. 1,499/-
For Equity (Non-Digital), Debt - MF/FMP/, Bonds – Up to 2% of the Loan/Sanctioned credit limit subject to Minimum of Rs. 2,500/-)
For other physical securities (LIC / Pvt Insurance policies) – Up to 2% of the Loan/Sanctioned credit limit subject to Minimum of Rs. 5,000/-
|
| Renewal Fee
|
|
Rs. 3,500+GST (for non-insurance cases)
Rs.5000+ GST( For Insurance cases)
|
| Security Invocation Charges
|
|
0.3% of the sell-off value subject to a maximum of 5,000
|
| Maturity Invocation
|
|
Invocation charges of Rs.5,000 (only in cases where customers are unwilling to collect the proceeds on their own)
For deep geography (remote) locations, a fee up to 1% on the maturity amount will be charged subject to a minimum of Rs. 10,000 and a maximum of Rs. 25,000 (only in cases where customers are unwilling to collect the proceeds on their own)
|
| MF Pledge charges for CAMS- Pledged digitally
|
|
Rs. 700+ GST per request
|
| Pledge of Shares
|
|
Rs. 50 per request
|
| De-pledge of shares
|
|
Rs. 50 per request
|
| Partial release of MF
|
|
Rs. 50 per request
|
| Partial release of Insurance Policies
|
|
Rs. 50 per request
|
| Sale of security in the event of default*
|
|
All brokerages, transaction charges and other levies as per actuals
|
| Demat charges
|
|
As applicable to the Demat account from time to time
|
| Stamp duty and other statutory charges
|
|
As applicable
|
| Portfolio statement charges
|
Rs. 50 per request
|
| Rate Reduction charges
|
Rs. 3,000 + GST
|
| Benchmark change charges
|
Rs. 10,000+GST
|
| Please Note:
|
| Average Quarterly Balance is the average balance to be maintained in your account in a quarter. It is not the lowest/minimum balance in your account on any given day
|
| Kotak Mahindra Bank levies Non-Maintenance Charge (NMC) in case Average Qty balance in the account is not maintained. NMC is NIL till the time the LAS limits are availed in the current account.
|
| The above current charges; subject to change by Kotak Mahindra Bank are applicable until the LAS limits are available in the account. Thereafter, all charges applicable to Edge Current account shall be applicable on this account. For details of all applicable charges, please refer the General Schedule of Features & Charges available at our branch or website www.kotak.com
|
