Kotak Salary Account

Kotak Bank offers different Salary Accounts which are specially designed for varied employees to conveniently receive their salaries in these accounts and enjoy a range of exclusive benefits. With features like zero balance requirement, free unlimited transactions, a personalized debit card, and access to various financial products and services, Kotak Salary Accounts provide a comprehensive banking solution. Customers can also avail of additional benefits such as preferential interest rates on loans, discounted locker rentals, and special offers on lifestyle and entertainment. It is a convenient and rewarding banking option for employees looking for a dedicated salary account.

Kotak Ace Salary Account

If you are a professional seeking wealth benefits through a salary account, then the ideal choice for you would be the Kotak Ace Salary Account.

Features and Benefits

Bank anywhere, anytime with Kotak Bank Mobile App
Free Unlimited transactions at ATMs
Complimentary Explore Debit Card
Earn attractive Interest rate
Earn Kotak Rewardz for all banking transactions
Free Demat Account with 100% AMC waiver for First Year
Make hassle free payments with IMPS / NEFT / RTGS / UPI
You can manage your debit & credit card information on your mobile

Complimentary Insurance Benefits on Platinum Debit Card

Personal Accidental Death Cover of up to Rs 25 lakhs
Air Accident Insurance of up to Rs. 50 lakhs
Lost card liability Insurance of up to Rs. 3.50 lakhs
Purchase Protection Limit (Fire): Rs. 1 lakh
Purchase Protection Limit (Burglary): Rs. 1 lakh
Lost Baggage Insurance of up to Rs. 1 lakh

Eligibility Criteria

This account is offered to employees drawing net take home salary of Rs. 50,000 and above. You need to check whether your employer is associated with Kotak Bank for opening of Salary Accounts.

Documents Required

Identity Proof (anyone): Passport, Driving License, PAN Card, Valid Photo Credit/ Debit Card, Voter's Identity Card,
Residence Proof(anyone): Passport, Driving License, Ration Card, Utility Bill, Bank Statement (Active Account), Bank Account Passbook, Sale Deed
Signature Proof(anyone): Passport, Driving License, PAN Card, Valid Photo Credit/ Debit Card

Important Point

If your salary is not credited in your salary account for two successive months, it is necessary for you to maintain the Average Monthly Balance or AMB according to the specific account variant in order to avoid applicable charges.

Interest Rate

For Resident Accounts, daily balances up to Rs. 1 lakh earn 3.50% interest p.a., while daily balances over Rs. 1 lakh and up to Rs. 5 crores earn 4% interest p.a. From November 1, 2020, the interest rate on daily balances above Rs. 5 crores is revised to 3.75% p.a. As an example, if your End of Day Savings Account balance is Rs. 2,00,000, Rs. 1,00,000 will earn interest at 3.50% p.a., and the remaining Rs. 1,00,000 (balance exceeding Rs. 1,00,000) will earn interest at 4.00% p.a.

Fees & Charges

Fund Transfers (Through Netbanking/Mobile Banking): Nil
Cash Transaction at Branch/CDM: Nil upto 10 transactions or 5 lakhs/month whichever is earlier. Post free limits, charged at Rs. 4.5 per Rs. 1000 with minimum Rs. 150
DD/Cheque Book: Nil
ECS Mandate Verification: Nil
SI Failure: Nil
Cheque deposited and returned: Rs.200/instance
Cheque Issued & Returned for Non-Financial Reason: Rs. 50/instance
Balance & Interest Statement: Nil
Duplicate Passbook: Nil
TDS Certificate Through branch: Nil
Stop Payment through branch: Nil
DD Revalidation: Nil
Annual Combined Statement-Physical: Nil
Monthly Physical Statement: Nil
Regeneration of PIN of Net Banking/Phone Banking (sent through courier): Nil
Cash/Instrument Pick Up/Delivery: 10 Free calls/month, thereafter Rs.150 per visit
KYC Pickup: Only for senior citizen and differently abled: Rs. 100 per visit
Account Closure (if closed after 1 month and before 6 months of account opening): Rs. 500
Replacement of Lost/Stolen Debit Card: Rs. 200

Kotak Edge Salary Account

Kotak Mahindra Edge Salary Account is a comprehensive banking account that fulfills the financial requirements of salaried professionals. This all-in-one salary account offers a wide array of features and benefits to address the unique financial needs of individuals receiving a regular salary. With its extensive range of features, Kotak Mahindra Edge Salary Account ensures that salaried professionals have access to a tailored banking experience that aligns with their financial goals.

Features and Benefits

#PayShopMore Debit Card with higher swipe at POS of up to Rs. 2 lakhs and Rs.40,000 /Rs.50,000 cash withdrawal limit at Domestic / International ATMs per day.
You can earn a higher interest rate on the funds in your account through the Activ Money feature, which allows you to enjoy FD-like interest in your Kotak Salary Account.
Benefit from unlimited ATM transactions at all Kotak ATMs across India.
Free Payable at par cheque book upto 25 leaf per quarter.
Transfer funds conveniently using NEFT and RTGS online, free of charge.
You can also avail up to 2 Non-Maintenance Charge waived Family Savings Accounts.
Enjoy the convenience of office and home banking facilities.
Net Banking and Mobile Banking for convenient online banking.
Customer care officers available 24 X 7, and IVRS option for self-service.
Instacheck, a toll free number for instant SMS alert on account balance and last 3 credit transactions.
Utility bill payment services through Auto Pay.
Dedicated service helpdesk id.

#PayShopMore Debit Card Benefits

Personal Accidental Death Cover of up to Rs. 5 lakhs
Maximum of 5 transactions free in a month with a cap of maximum 3 free transactions at non-Kotak ATMs in Top 6#+ cities in India
Lost Card Liability Insurance of up to Rs.2.50 lakhs
Purchase Protection of up to Rs. 50,000

Eligibility Criteria

This account is offered to employees drawing net take home salary of Rs. 15,000 and above. You need to check whether your employer is associated with Kotak Bank for opening of Salary Accounts.

Documents Required

Identity Proof (anyone): Passport, Driving License, PAN Card, Valid Photo Credit/ Debit Card, Voter's Identity Card,
Residence Proof(anyone): Passport, Driving License, Ration Card, Utility Bill, Bank Statement (Active Account), Bank Account Passbook, Sale Deed
Signature Proof(anyone): Passport, Driving License, PAN Card, Valid Photo Credit/ Debit Card

Important Point

Interest Rate

For Resident Accounts, daily balances up to Rs. 1 lakh earn 3.50% interest p.a. while daily balances over Rs. 1 lakh and up to Rs. 5 crores earn 4% interest p.a. From November 1, 2020, the interest rate on daily balances above Rs. 5 crores is revised to 3.75% p.a. As an example, if your End of Day Savings Account balance is Rs. 2,00,000, Rs. 1,00,000 will earn interest at 3.50% p.a., and the remaining Rs. 1,00,000 (balance exceeding Rs. 1,00,000) will earn interest at 4.00% p.a.

Fees & Charges

Fund Transfers (Through Netbanking/Mobile Banking): Nil
Cash Transaction at Branch/CDM: Nil upto 10 transactions or 2 lakhs/month whichever is earlier. Post free limits, charged at Rs. 4.5 per Rs. 1000 with minimum Rs. 150
ECS Mandate Verification: Rs. 50/instance
SI Failure: Rs.200/instance
Cheque Book Charges: Nil upto 25 leaf per year; Thereafter Rs. 3/cheque leaf
DD: Rs.4/Rs.1000 (Min 50, Max 10,000), for Senior citizen Rs.3/Rs.1000
Cheque deposited and returned: Rs.200/instance
Cheque Issued & Returned for Non-Financial Reason: Rs. 50/instance
Balance & Interest Statement: Rs.100/Request, for senior citizens:Rs.75/Request
Duplicate Passbook: Rs.100/Request, for senior citizens:Rs.75/Request
TDS Certificate Through branch: Rs.100/Request, for senior citizens:Rs.75/Request
Stop Payment through branch: Rs.100/Request, for senior citizens:Rs.75/Request
DD Revalidation: Rs.100/Request, for senior citizens: Nil
Annual Combined Statement-Physical: Rs.100/Request, for senior citizens:Rs.75/Request
Monthly Physical Statement: Rs.100/Request, for senior citizens:Rs.75/Request
Regeneration of PIN of Net Banking/Phone Banking (sent through courier): Rs.100/Request, for senior citizens:Rs.75/Request
Cash/Instrument Pick Up/Delivery: Rs.150 per visit
DD Cancellation: Rs.100/Request, for senior citizens: Nil
KYC Pickup: Only for senior citizen and differently abled: Rs. 150 per visit
Account Closure (if closed after 1 month and before 6 months of account opening): Rs. 500
Replacement of Lost/Stolen Debit Card: Rs. 200

Kotak Platina Salary Account

Kotak Platina Salary Account offers you many privileges. Kotak Bank recognizes your diligent efforts in earning your income, which is why it presents to you the Kotak Platina Salary Account which enables you to stay ahead in the game. Revel in the premium banking features and unlock a plethora of advantages. It's time to embrace a life of privilege both in banking and in your day-to-day experiences.

Features and Benefits

Zero balance salary account subject to monthly salary credits
Free Platinum debit card with higher swipe at POS of up to Rs. 3 lakhs and ATM withdrawal of Rs. 1 lakh.
You can earn a higher interest rate on the funds in your account through the Activ Money feature, which allows you to enjoy FD-like interest in your Kotak Salary Account.
Benefit from unlimited ATM transactions at all Kotak ATMs across India.
Free DD
25% discount on locker rent
Transfer funds conveniently using NEFT and RTGS online, free of charge.
You can also avail up to 3 Non-Maintenance Charge waived Family Savings Accounts.
Enjoy the convenience of office and home banking facilities.
Net Banking and Mobile Banking for convenient online banking.
Customer care officers available 24 X 7, and IVRS option for self-service.
Instacheck, a toll free number for instant SMS alert on account balance and last 3 credit transactions.
Utility bill payment services through Auto Pay.
Dedicated relationship manager.
Dedicated service helpdesk id.
PayDay Loan: Get advance up to Rs. 1.5 lakhs on your salary disbursed in 3 seconds with interest rate starting at just ₹ 1 per day# 10

Complimentary Insurance Benefits on Platinum Debit Card

Personal Accidental Death Cover of up to Rs. 25 lakhs
Air Accident Insurance of up to Rs. 50 lakhs
Lost card liability Insurance of up to Rs. 2.50 lakhs
Purchase Protection Limit (Fire): Rs. 1 lakh
Purchase Protection Limit (Burglary): Rs. 1 lakh
Lost Baggage Insurance of up to Rs. 1 lakh

Eligibility Criteria

This particular account is available to individuals with a net take-home salary of Rs. 1,00,000 or more. You need to verify whether your company is listed as a partner under Kotak Bank's Salary2Wealth Program.

Documents Required

Identity Proof (anyone): Passport, Driving License, PAN Card, Valid Photo Credit/ Debit Card, Voter's Identity Card,
Residence Proof(anyone): Passport, Driving License, Ration Card, Utility Bill, Bank Statement (Active Account), Bank Account Passbook, Sale Deed
Signature Proof(anyone): Passport, Driving License, PAN Card, Valid Photo Credit/ Debit Card

Important Point

Interest Rate

Fees & Charges

Fund Transfers (Through Netbanking/Mobile Banking): Nil
Cash Transaction at Branch/CDM: Nil upto 10 transactions or 5 lakhs/month whichever is earlier. Post free limits, charged at Rs. 4.5 per Rs. 1000 with minimum Rs. 150
DD charges: Nil
Cheque Book: 100 Cheque leaves Nil charges/year; thereafter Rs.3/cheque leaf
ECS / Cheque Issued & Returned (due to non availability of funds): Rs. 500/instance
ECS Mandate Verification: Nil
SI Failure: Nil
Cheque deposited and returned: Rs.200/instance
Cheque Issued & Returned for Non-Financial Reason: Rs. 50/instance
Balance & Interest Statement: Nil
Duplicate Passbook: Nil
TDS Certificate Through branch: Nil
Stop Payment through branch: Nil
DD Revalidation: Nil
Annual Combined Statement-Physical: Nil
Monthly Physical Statement: Nil
Regeneration of PIN of Net Banking/Phone Banking (sent through courier): Nil
Cash/Instrument Pick Up/Delivery: 10 Free calls/month, thereafter Rs.150 per visit
KYC Pickup: Only for senior citizen and differently abled: Rs. 100 per visit
Account Closure (if closed after 1 month and before 6 months of account opening): Rs. 500
Replacement of Lost/Stolen Debit Card: Rs. 200

Kotak Neo Salary Account

With Kotak Neo Salary Account, you can get an enhanced banking experience with a comprehensive range of exclusive features specifically crafted for employed individuals. Enjoy the convenience of banking anytime and from anywhere, empowering you to stay in control of your finances.

Features and Benefits

#PayShopMore Debit Card with higher swipe at POS of up to Rs. 2 lakhs and Rs.40,000 cash withdrawal limit at Domestic ATMs per day.
You can earn a higher interest rate on the funds in your account through the Activ Money feature, which allows you to enjoy FD-like interest in your Kotak Salary Account.
SMS banking through Kotak Bharat Banking App.
Option of Payable at par cheque book.
Transfer funds conveniently using NEFT and RTGS online, free of charge.
You can also avail up to 2 Non-Maintenance Charge waived Family Savings Accounts.
Enjoy the convenience of office and home banking facilities.
Net Banking and Mobile Banking for convenient online banking.
Customer care officers available 24 X 7, and IVRS option for self-service.
Instacheck, a toll free number for instant SMS alert on account balance and last 3 credit transactions.
Utility bill payment services through Auto Pay.
Dedicated service helpdesk id.
Instacheck, a toll free number for instant SMS alert on account balance and last 3 credit transactions.
Utility bill payment services through Auto Pay.

#PayShopMore Debit Card Benefits

Personal Accidental Death Cover of up to Rs. 5 lakhs
Lost Card Liability Insurance of up to Rs.2.50 lakhs
Purchase Protection of up to Rs. 50,000

Eligibility Criteria

To be eligible for this account, individuals must have a net take-home salary of Rs. 10,000 or more. You need to verify whether your organization is enrolled with Kotak Bank under the Salary2Wealth Program.

Documents Required

Identity Proof (anyone): Passport, Driving License, PAN Card, Valid Photo Credit/ Debit Card, Voter's Identity Card,
Residence Proof(anyone): Passport, Driving License, Ration Card, Utility Bill, Bank Statement (Active Account), Bank Account Passbook, Sale Deed
Signature Proof(anyone): Passport, Driving License, PAN Card, Valid Photo Credit/ Debit Card

Important Point

Interest Rate

Fees & Charges

Fund Transfers (Through Netbanking/Mobile Banking): Nil
Cash Transaction at Branch/CDM: Nil upto 2 transactions or Rs. 50,000/month whichever is earlier. Post free limits, charged at Rs. 4.5 per Rs. 1000 with minimum Rs. 150
ECS Mandate Verification: Rs. 50/instance
SI Failure: Rs.200/instance
Cheque Book Charges: Nil upto 25 leaf per year; Thereafter Rs. 3/cheque leaf
DD: Rs.4/Rs.1000 (Min 50, Max 10,000), for Senior citizen Rs.3/Rs.1000
Cheque deposited and returned: Rs.200/instance
Cheque Issued & Returned for Non-Financial Reason: Rs. 50/instance
Balance & Interest Statement: Rs.100/Request, for senior citizens:Rs.75/Request
Duplicate Passbook: Rs.100/Request, for senior citizens:Rs.75/Request
TDS Certificate Through branch: Rs.100/Request, for senior citizens:Rs.75/Request
Stop Payment through branch: Rs.100/Request, for senior citizens:Rs.75/Request
DD Revalidation: Rs.100/Request, for senior citizens: Nil
Annual Combined Statement-Physical: Rs.100/Request, for senior citizens:Rs.75/Request
Monthly Physical Statement: Rs.100/Request, for senior citizens:Rs.75/Request
Regeneration of PIN of Net Banking/Phone Banking (sent through courier): Rs.100/Request, for senior citizens:Rs.75/Request
Cash/Instrument Pick Up/Delivery: Rs.150 per visit
DD Cancellation: Rs.100/Request, for senior citizens: Nil
KYC Pickup: Only for senior citizen and differently abled: Rs. 150 per visit
Account Closure (if closed after 1 month and before 6 months of account opening): Rs. 500
Replacement of Lost/Stolen Debit Card: Rs. 200