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Credit Cards   Auto Loans   Home Loans   Personal Loan         Fixed Deposits   Savings Accounts   Education Loans   Auto Insurance     SAVING ACCOUNT DETAIL Nova Saving Accounts Highlights Bank Kotak Mahindra Bank Category Regular Minimum AQB (Average Quarterly Balance) Accounts with Cheque facility Rs.5,000 Accounts without Cheque facility NA Interest Rate 5.5% 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. 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 Accounts with Cheque facility Rs 750 Accounts without Cheque facility NA Overdraft interest Rs 250 Cash Transaction Transaction Charge for Partner banks Free Cash Transaction Withdrawal Cash withdrawal at Kotak Bank ATMs Free Cash withdrawal at ATMs in India Rs.50 Cash withdrawal at ATMs in outside India Rs.90 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 Facilities through other bank: DD- Issue: 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 Facilities 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 - 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 Allahabad Bank Amanath Co-operative Bank Ltd. Andhra Bank Andhra Pradesh Mahesh Co-Op Urban Bank Ltd. AXIS BANK Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Catholic Syrian Bank Central Bank of India Centurion Bank of Punjab Citi Bank City Union Bank Ltd. Coastal Local Area Bank Ltd Corporation Bank Dena Bank Deutsche Bank Development Credit Bank Ltd. Dhanlaxmi Bank Dombivli Nagari Sahakari Bank Ltd. Federal Bank HDFC Bank HSBC Bank ICICI Bank IDBI Bank Indian Bank Indian Overseas Bank IndusInd Bank ING Vysya Bank Jammu & Kashmir Bank Janakalyan Sahakari Bank Ltd Karnataka bank Karur Vysya Bank Kotak Mahindra Bank NKGSB CO-OP Bank LTD. Nutan Nagarik Sahakari Bank Limited Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank Repco Bank Royal Bank of Scotland Rupee Co-op. Bank Ltd. South Indian Bank Standard Chartered Bank State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank Tamilnad Mercantile Bank Ltd The Lakshmi Vilas Bank Limited The Saraswat Coop Bank Ltd UCO bank Union Bank of India Vijaya Bank YES Bank COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans Auto Insurance   CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans Auto Insurance   EDITORS' PICKS Now a test for Financial Skills!!! For what purpose do you want to invest in... Make your home loan repayment easier Tata Nano: How would Bank Loans look How to go about ‘Leveraged Investing’

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