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SAVING ACCOUNT DETAIL Easy Saving Accounts Highlights Bank Kotak Category Regular Minimum AQB (Average Quarterly Balance) Accounts with Cheque facility Rs.100 Accounts without Cheque facility NA Interest Rate 3.5% Card Offered ATM cum Debit Card Main Features Access your account free of cost at all Kotak Mahindra Bank ATMs by using your VISA Global Debit Card. You can also use your Debit Card at all VISA affiliated merchant establishments and ATMs worldwide. Mobile Banking & Alerts: Use this service to access your bank account anywhere, anytime! It is quick and easy, available to you 24X7 and it's absolutely free! You don't have to pay any charge to avail this service. You can use Mobile Banking to check account balance, last 3 transaction details, issued cheque status and request a cheque book. You can use Alerts Service to get Alerts by SMS and / or email whenever your balance falls below the Average Quarterly Balance or a Standing Instruction set by you fails.  Fees & charges   Fees & charges Charges for non maintenance of minimum quarterly average balance Accounts with Cheque facility Rs.25 Accounts without Cheque facility NA Overdraft interest Rs 250 Cash Transaction Withdrawal Cash withdrawal at Kotak Bank ATMs - Free Transaction Charge for Partner banks -Rs.25 Transaction Charge for Non-Partner banks (International Transactions - additional input from the Bank) Cash withdrawal at ATMs in India Transaction Charge for Non-Partner banks (International Transactions - additional input from the Bank) - Rs.25 Cash withdrawal at ATMs in outside India Transaction Charge for Non-Partner banks (International Transactions - additional input from the Bank) - Rs.90 Debit Card Fees Membership fee - Rs.100 Annual Fee - Rs.100p.a. Balance inquiry at Other banks Transaction Charge for Partner banks -Rs.15 Transaction Charge for Non-Partner banks (International Transactions - additional input from the Bank) - Domestic - Rs.15 International - Rs.15 Debit card renewal charges Renewal Charges(issue of new plastic after the expiry of the original plastic) - Rs.100 Replacement of Debit Card Damaged Card: Free Lost Card: Rs.100 Issue of DD drawn on base Bank/banks branch by cheque/transfer Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) DD-Duplicate - DD Cancellation Chgs + DD Issuance charges Through other bank: Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) DD-Duplicate - DD Cancellation Chgs + DD Issuance charges DD cancellation/Revalidation DD-Cancellation - Rs.100 DD-Revalidation - Rs.100 Through other bank: DD-Cancellation - Rs.100 DD-Revalidation - Revalidation is not done, fresh DD is issued subject to issuance charges Statement/Duplicate Account Statement Issue of Duplicate Statement - Branch/Phone Banking: Rs.100 for 90 days ATM/Internet: Rs.50 Frequency of Account Statement - Monthly Issue of Account Statement on adhoc basis: Branch Banking: Rs. 100 for 90 days ATM Rs. 50 for 90 days; Weekly Statement: 300 per qaurter; Daily Statement: Rs. 1500 per quarter Cheque Books Issue of loose cheque leaves - NA Pass Book Issue of duplicate pass book - Rs.250 Outstation cheque collection Outstation through own bank - Rs 2.50 per 1,000 (Min Rs. 50; Max Rs. 5,000) Outstation through another bank - Rs 2.50 per 1,000 (Min Rs. 50; Max Rs. 5,000) Return of Cheque Bouncing of cheques- Local - Deposited & Returned - Rs.50 Issued & Returned - Rs.50 Bouncing of cheques- outstation- through own bank - Rs.100 + Courier Charges + Correspondent Bank Charges Stop Payment for individual cheque or a range of cheques Rs.100 Closure of Account Rs.100/- if closed within 6 months. Else no charges Interest Certificate Current Year: Free Previous Year: Rs.100 Balance Certificate Current Year: Free Previous Year: Rs.100  Services & Features   Services & Features Overdraft Facility Yes Reward Points No Internet Banking Yes Phone Banking Yes Mobile Banking Yes SMS Alerts Yes All Alerts are free except Daily/Weekly account balance. Daily Account Balance Alerts are charged at Rs. 200/annum and Weekly Account Balance are charged at Rs. 75/annum.  Documents   Documents Valid Document Identity Proof Residence Proof Signature Proof MAPIN Card Yes Yes Yes Passport Yes Yes Yes Driving License (Valid) Yes Yes Yes PAN Card Yes Yes Photo Credit/Debit Card issued by Banks (Valid) Yes Yes Voter's Identity (Election) Card Yes Yes Ration Card Yes Valid ID Documents/Card with Photo issued by Govt. Org, PSU, Statutory/ Regulatory Auth, Scheduled Commercial Banks, Public Financial Institutions & Professional Bodies like ICAI, ICWAI, ICSI, Bar Council, etc. to their Members Yes (If photo included) Yes (If address included) Yes (If signature included) College ID Card (issued by colleges affiliated to universities) - applicable only if a/c with parent / guardian as Joint Holder Yes (If photo included) Yes (If address included) Yes (If signature included) Marriage Certificate - where wife is joint a/c holder Yes Yes Yes Bank Officer's Visit to residence - (for non DP) Sales Team Leader / Sales Manager / non sales staff; (for DP) any staff Yes Introductory Reference - Existing KMBL Customer > 6 months - A/c conduct satisfactory & introducer knows customer for 1 year or more Yes Introductory Reference - Customer's Banker - to be obtained by Kotak Mahindra Bank Yes (if photo verified) Yes (if address verified) Yes (if signature verified) Introductory Reference - Kotak Mahindra Bank Employee Yes Introductory Reference - Group Employee RBM's Approval Utility Bill (Electricity / Tele phone / Piped Gas not more than 2 months old) Yes Letter from Housing Society (Only for owners) Yes Leave & License Agreement (For Tenants) Yes Credit Card Bill Yes Bank Passbook / Statement - signed & stamped or with logo / printed by Bank (internet downloads not accepted) Yes Sale Deed Yes Self Signed Cheque > Rs.10,000 Yes Signature in Presence of BM / SM (only for housewives where 2nd holder) Yes Show All Saving Accounts ACCOUNTS BY BANKS ABN AMRO AXIS BANK Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Centurion Bank of Punjab Citi Bank Corporation Bank Deutsche Bank HDFC Bank HSBC Bank ICICI Bank IDBI Bank Indian Bank Jammu & Kashmir Bank Kotak PNB South Indian Bank Standard Chartered Bank State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of India State Bank of Travancore Syndicate Bank Union Bank of India Vijaya Bank COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   EDITORS' PICKS Managing loans through difficult times Carnival of Indian Personal Finance Blogs #3 Carnival of Indian Personal Finance Blogs #4 Converting credit card outstanding into a... 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