SAVING ACCOUNT DETAIL
Kotak Ace Salary Account
Highlights
Bank Kotak Mahindra Bank
Category Salary Account
Minimum AQB
(Average Quarterly Balance)
Average salary Rs. 20,000 per month.
Interest Rate 5.5%
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
 Services & Features
 Eligibility Criteria
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