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SAVING ACCOUNT DETAIL Edge Saving Accounts Highlights Bank Kotak Category Regular Minimum AQB (Average Quarterly Balance) With Cheque facility Rs.10,000 without Cheque facility NA Interest Rate 3.5% Card Offered ATM cum Debit Card Main Features You can walk into any KOTAK or HDFC Bank ATMs to withdraw cash or enquire your balance at no extra charge. Use our free Payment Gateway to make online payments for utility bills, credit cards, online trading of shares or even online shopping. Quick funds transfer to a third party account with another Bank is available across 15 locations through Net Banking. You also get a multi-city cheque book so that money from account is received by the beneficiary in the fastest possible time. Free investment account: You can open an investment account, and use the Net Banking facility to purchase/redeem mutual funds online while directly debiting / crediting your Bank Account. Besides this you get a consolidated view of all your mutual fund investments across schemes with updated returns status, latest NAV information and research reports. Attractive returns: Earn better returns in your savings account, with our 2-Way Sweep facility that automatically sweeps out idle funds, above a threshold, from your account into Term Deposits. These Term Deposits sweep back into your account to meet fund requirements when your withdrawals exceed the balance available in your account, thereby providing you maximum liquidity.  Fees & charges   Fees & charges Charges for non maintenance of minimum quarterly average balance With Cheque facility Rs 750 without Cheque facility NA Overdraft interest Rs 250 Cash Transaction Transaction Charge for Partner banks - Free Cash Transaction Withdrawal Transaction Charge for Non-Partner banks (International Transactions - additional input from the Bank) - Rs.90 ATM transaction at own bank Free Debit Card Fees Membership fee - Free Annual Fee - Free for 1st year Rs.100 for subsequent years Balance inquiry at Other banks 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) - Free 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: DD-Duplicate -DD Cancellation Chgs + DD Issuance charges DD cancellation/Revalidation DD-Cancellation - Rs 100 DD-Revalidation - Revalidation is not done, fresh DD is issued subject to issuance charges Through other bank: DD-Cancellation - Rs.100 DD-Revalidation - Revalidation is not done, fresh DD is issued subject to issuance charges DD drawn on correspondent location/other bank Rs.2.50 per 1,000 (Min.Rs.50 & Max.Rs.5,000) 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 - Free 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.300, Issued & Returned - Rs.300 Bouncing of cheques- outstation- through own bank - Rs.300 Bouncing of cheques- outstation- through another bank - Rs.300 Stop Payment for individual cheque or a range of cheques Rs.100 Closure of Account Rs 600 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 Spend some time to get the best car insurance Complete Guide to the Home Loan Process in... 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