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SAVING ACCOUNT DETAIL Kotak Ace Salary Account Highlights Bank Kotak Category Salary Account Minimum AQB (Average Quarterly Balance) Average salary Rs. 20,000 per month. Interest Rate 3.5% Card Offered ATM cum Debit Card Main Features We offer you the Kotak Edge Salary Account, armed with Kotak 2-Way Sweep and our entire gamut of Banking Privileges. The feature rich Kotak Edge Salary Account is the ideal way to make your money work harder. Attractive Returns: Your Kotak Edge Salary Your Kotak Ace Salary Account combines liquidity of a Savings Account with the attractive returns of a Term Deposit through the unique Kotak 2-Way Sweep benefit. Kotak Mahindra Bank's At-par cheques are treated as 'local clearing' cheques across select locations in the country. The At-par Cheque facility comes to you 'free' of charge. Avail Demand Drafts, free of cost, payable at any location in India, up to a pre-specified limit, just by calling our Phone Banking Service. Transfer Transfer funds to third party accounts in other banks, without drawing a Demand Draft or a cheque, by using our Electronic Fund Transfer facility. With this facility you can save on Demand Draft making/couriering charges and also transfer funds faster! As an Ace Savings customer, you can also open a Demat Account with us ‘free’ of charge. Reimbursement Current Account: As Salary account holders employees can also opt for a Reimbursement account which helps you to manage the official reimbursements, petty cash etc., this facility specifically will help you eliminate cash handling related to petty expenses. Family Savings Accounts: Your Ace account allows you to now extend the Kotak banking experience to three of your family members. The Family Savings Accounts come to you with a host of benefits like Kotak 2-Way Sweep, At-par Cheque facility and other attractive features. So now even your dear ones can enjoy banking the 'Kotak way'! Free Investment Account: Avail a ‘free’ Investment Account that provides you a consolidated view of all your investments. The Investment Account statement gives a 'single window view' of your Mutual Fund portfolio, listing the NAV of each scheme invested into, current consolidated value of your portfolio, and realized/unrealized returns against each investment made. Access your account free of cost at any VISA ATM in India or abroad using your Global Debit Card. You can use your Debit Card at all VISA affiliated merchant establishments worldwide. As an Ace Savings account holder you can gift free add-on cards to your family members too.  Fees & charges   Fees & charges Issue of DD drawn on base Bank/banks branch by cheque/transfer Free of cost Demand Drafts payable at any location in India, up to a pre-specified limit, just by calling our Phone Banking Service. Cheque Books The At-par Cheque facility comes to you 'free' of charge Outstation cheque collection Outstation cheques, drawn on any of our branch locations, would be collected 'free of charge' for you. Only a nominal charge is levied for non-branch locations.  Services & Features   Services & Features Overdraft Facility No Reward Points No Internet Banking Yes Phone Banking Yes Mobile Banking Yes 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 a debit or credit above any amount specified by you happens to your account, your balance falls below the Average Quarterly Balance or a Standing Instruction set by you fails or you can even ask for your account balance to be sent to you on a daily or a weekly basis. SMS Alerts Yes 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  Eligibility Criteria   Eligibility Criteria The organization needs to have a minimum of 25 employees and average salary per account of Rs. 20,000 per month. 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 Consolidation good for creating healthier... Make more out of your credit card with... Now a test for Financial Skills!!! Complete guide to TDS on fixed deposits in... Spoiled credit history? - Get a secured...