Table of Contents
- 1 What is the minimum balance in Kotak savings account?
- 2 What is the fine for not maintaining minimum balance in Kotak?
- 3 How can I check my minus balance in Kotak Mahindra Bank?
- 4 How can I check my Kotak Bank minus balance?
- 5 How can I talk to Kotak Customer Care?
- 6 What are the rates applicable for Kotak Mahindra Bank Savings Account?
- 7 Why choose savsavings account at Kotak Bank?
- 8 What is the rate of interest on savings account in India?
What is the minimum balance in Kotak savings account?
Rs.10,000
Kotak 811 Lite, Kotak 811 Limited KYC account and Kotak 811 Full KYC account are zero balance accounts. Hence, there is no need to keep a minimum balance. However, Kotak 811 Edge Account requires you to maintain minimum Average Monthly Balance of Rs. 10,000.
What is the fine for not maintaining minimum balance in Kotak?
Customers with a regular savings account in Kotak Bank branches located in metro and urban areas need to maintain a monthly average balance of ₹ 10,000, according to the bank’s website – kotak.com….
| Metro and urban branch (required MAB ₹ 3,000) | Charges |
|---|---|
| Shortfall > 50-75\% | Rs. 7.50 + GST |
| Shortfall > 75\% | Rs 10 + GST |
What is average monthly balance in Kotak Bank?
Average Monthly Balance is calculated by dividing the sume of all ‘End of Day’ balances in a month by the number of days in that month. Please refer the following illustration for the calculation of AMB.
How can I check my minus balance in Kotak Mahindra Bank?
You can also, give a missed call on 1800 274 0110 (toll free) from your registered mobile number and you will receive an SMS with your account balance. 5. You can view your account balance by visiting this link.
How can I check my Kotak Bank minus balance?
4. You can also, give a missed call on 1800 274 0110 (toll free) from your registered mobile number and you will receive an SMS with your account balance. 5. You can view your account balance by visiting this link.
How can I check my Kotak hold balance?
Give us a Missed call on 9718566655 from your registered mobile number to get started. You will immediately receive a welcome message and all services related details on WhatsApp from Kotak Bank’s official number 022 66006022 or just click here. Type Bal and view your account balance.
How can I talk to Kotak Customer Care?
Welcome to Customer Service @ Kotak
- Call Keya. For quick response to queries, call us on 1860-266-2666 or if you are 811 customer dial 1860-266-0811*
- Chat with Keya. You can ask Keya about queries related to credit & debit cards, accounts and fixed deposits.
- Branches & ATMs.
- Registered Offices.
What are the rates applicable for Kotak Mahindra Bank Savings Account?
Following are the rates applicable for Kotak Mahindra Bank Savings Account ( w.e.f. August 23, 2019): Above 1 Lakh and up to 50 lakhs the interest rate applicable is 6\%* p.a. Up to 1 Lakh, the interest rate applicable is 4\% p.a. Above 50 lakhs, the interest rate applicable is 5.5\% p.a.
What are the payment options available in Kotak ASBA?
Demat Account Kotak ASBA Facility National Pension System Bank + Demat + Trading A/c Tax Saving Options Make Payments BillPay & Recharge Kotak Credit Card – Netbanking Kotak Credit Card WebPay – Non Kotak Account FASTag Recharge Loan EMI Payment Retail – Asset Reconstruction
Why choose savsavings account at Kotak Bank?
Savings Account. Savings Account at Kotak Bank is uniquely designed for you to achieve your financial goals. With 6\%* interest rate, we provide the optimum solution as we understand how important it is for you to manage your money efficiently.
What is the rate of interest on savings account in India?
Interest rate of 4\% p.a. will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 50 lakhs while interest rate on daily balances in Savings Account above Rs. 50 lakhs stands revised at 3.50\% p.a. These interest rates are applicable for Resident Accounts only. PERSONAL BUSINESS CORPORATE WEALTH