Savings Account Fees & Charges

Check the documents required for opening 811 Savings Account.

For General Schedule of Features and charges for 811 Savings account with effect from 1st October 2025 - Click here 
 

General Schedule of Features and charges for 811 Savings Account (With effect from 1st October 2025)

• Features of Kotak811 Lite Wallet: Aggregate of all credits should not exceed Rs.5,000 in a calendar month. Balance in the account should not exceed Rs.5,000 at any point in time.
• The aggregate of all credits should not exceed Rs.1,20,000 in a financial year. Customer won't be allowed to transfer funds before the account is converted to Full KYC account. No cheque book will be issued and cheque deposit will not be allowed to customers. 
• Features of Kotak811 Limited KYC: Aggregate of all credit should not exceed 2 Lakh in a year and, Account balance at any point should not exceed 1 Lakh. Customer can transfer a maximum amount of Rs.100,000 through online transfers. Customer won't be allowed to transfer funds through branch before the account is converted to Full KYC account. No cheque book will be issued.
• ##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction.
• #+ Top 6 Cities – Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.  *Financial transaction at ATM will include Cash withdrawal, Non-Financial transaction will include balance enquiry, PIN change, Mini statement request.
• Transaction and Value Added SMS alerts would be sent to the customers who have subscribed for Daily / Weekly. Balance Alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed. 
• # Indo – Nepal Remittance Scheme (NEFT Charges): If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs.25 per txn (incl all taxes). If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Up to Rs.5000 – Rs.75 per txn. & beyond Rs. 5000 – Rs.100 per txn. (incl all taxes). Nil charges for NEFT done thru Mobile banking / Net Banking.
• Differential pricing may be offered in corporate offerings as per business discretion. We encourage you to contact your account representative for detailed information on eligibility and any potential charges. Terms and conditions apply.
• 811 Super Programme fees will be Rs.399/Year (inclusive of taxes). While opening an account, if the customer opts for Infinity metal debit card with lump sum funding of Rs.81,100 or more then super program fee applicable will be Rs.999 (inclusive of taxes) and no charges will be charged for Infinity metal debit card. 
• We levy debit card issuance and annual charges in advance. If a debit card expires during the year, annual charges will be applicable on a pro-rate basis for the number of months the card is transaction-ready.
• A Dynamic Currency Conversion (DCC) mark-up fee of 1% plus GST will be applicable on your Kotak Bank Debit Card for: transactions done in Indian currency (INR) at international locations or transactions done in Indian currency (INR) with merchants located in India but registered in an international location. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions. 
• In case, you hold multiple Kotak debit cards with the same card type (the first 6 digits of the card can be checked to understand if two debit cards are from the same card type). Each card type (not each card holding) will have its own monthly free ATM withdrawal limit as per below table.
• **Wef 1st Feb’ 21 Cash Pick Up / Delivery for Ahmedabad & Kolkata for all SA & CSA account types - Free limits not valid on Cash Pickup Charges. For charges kindly refer to table below. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions. 
• The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction.
• Charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) Charges are exclusive of the Goods and Service Tax (GST). With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time. State government taxes/ Cess as applicable shall be charged. 
• With effect from September 1st 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year. 
• Any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs. 350/- per rejection<> As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.  +Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder. The above charges are subject to revision with a prior intimation of 30 days to all account holders – DC Charges are inclusive of all taxes. Closure of account due to revision of charges will not be subject to account closure charges. 
• Cash Pick Up / Delivery (Ahmedabad & Kolkata Only): Up to 2 lacs: Rs 750/- per Req, Rs 2 Lacs to Rs 4 lacs: 1000/- per req, Rs 4 Lacs to Rs 8 lacs: 1575/- per req, Rs 8 Lacs to Rs 15 lacs: 2650/- per req, Rs 15 lacs & above: 4900/- per req o *All Charges mentioned above are exclusive of GST unless specified