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| SAVING ACCOUNT DETAIL |
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| Kotak Edge Salary Account |
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| Highlights |
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| Bank |
Kotak |
| Category |
Salary Account |
Minimum AQB
(Average Quarterly Balance) |
Average salary of Rs. 20,000 per month
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| Interest Rate |
3.5% |
| Card Offered |
ATM cum Debit Card
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Main Features
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- Attractive Returns: Your Kotak Edge Salary Account combines liquidity of a Savings Account with the attractive returns of a Term Deposit through the unique Kotak 2-Way Sweep benefit.
- Free At-par Cheques: 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.
- Free Electronic Fund 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.
- Free Demat Account: As an Edge Salary customer, you can also open a Demat Account with us 'free' of any account opening 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., and this facility specifically will help you eliminate cash handling related to petty expenses.
- Your savings account will be provided a link to your online trading account with Kotak securities to enable your to transfer funds from your bank account to your account with KS and vice versa". And with our Payment Gateway facility you can even pay your trading bills online from your bank account directly!
- 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.
- Global Debit Card: Access your account free of cost at 1320+ Kotak Mahindra Bank and HDFC 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.
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 Fees & charges
Fees & charges
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| Issue of DD drawn on base Bank/banks branch by cheque/transfer |
Free DD - free of cost, payable at any location in India, up to a pre-specified limit, just by calling our Phone Banking Service. |
| Cheque Books |
Free At -Par Cheque Facility to Free Trading Account & Free Demat Account |
| Outstation cheque collection |
Outstation cheques, drawn on any of base bank branch locations, would be collected 'free of charge' for you. Only a nominal charge is levied for non-branch locations. |
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Services & Features
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Services & Features
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| Overdraft Facility |
No |
| Reward Points |
No
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| Internet Banking |
Yes
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| Phone Banking |
Yes
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| Mobile Banking |
Yes
You can use Mobile Banking to check account balance, last 3 transaction details, issued cheque status and request a cheque book
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| 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.
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Eligibility Criteria
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Eligibility Criteria
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| The organization needs to have a minimum of 25 employees and average salary per account of Rs. 20,000 per month. |
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