best banking interest rates






6 %


    1. 6% interest rate for saving account holder.
    2. Free ATM accessing facility.
    3. In Travel Card Insurance up to 25% cash back.
    4. Up to 2 Lakh withdrawal limit through ATM.
    5. Average monthly balance criteria is INR 0.


1. Pay bills faster with just few taps.
2. Card is no more plastic with Kotak 811.
3. Just scan and pay for your shopping, groceries and home deliveries.
4. Get a virtual card and shrunk to fit in your mobile.


1. Free Online Transaction Facility.
2. Platinum International Debit Card Free.
3. Instant Account Approval Facility.

Kotak Mahindra Bank Savings Account

Saving account facility that bank offers to customers has been one of the main strength of Indian Banking System. This type of account makes transaction of money robust and transaction even more transparent. Kotak Mahindra bank offers some real privilege and exciting offers along with new saving account for customers. 

Gone are the days when there was interest rate war happening among the banks and financial institutions. So, if you are planning to open a savings account anytime soon, then go for Kotak bank savings account as it offers highest rate of interest to its account holders. Savings account is the most ideal option where one can store their funds saved and secured; meanwhile, they can also earn interest on their deposited funds.

The account type comes with an array of benefits such as higher interest rates, easy access to funds, simple process, easy documentation, and what not. Out of the many benefits, one such benefit is that there are no limits to fund deposits and the accountholder can withdraw funds if and when required. This is also an ideal way of saving funds from making idle spending. Hence, it is a good money saving tool and is essential to have a grown and secured financial life ahead.

Moreover, it becomes easy and hassle-free to access money from Kotak bank savings account. Just log in to Kotak bank mobile or net banking and get access to your funds anytime and anywhere. So, keep your worries aside and keep your funds saved and secured with savings account.

Why to choose Kotak Mahindra Bank

a. No Transaction and Monthly charges.
b. On saving account balance, customer will get up to 6% interest rate.
c. Offers one of the best bonus and rewards offer along with ease banking.
d. Avail maximum financial option to help you to reach into your goal.
e. Apart from above describe facilities, several other interesting offers.

Types of Saving Account Offered by Kotak Mahindra Bank

ACE Saving Account: - With this account type bank offers special privilege and rewards for customers. Users will get facility like debit card, internet banking, RTGS, NEFT and other facilities without any extra charges. Users will also get platinum chip international debit card that will allow them to transfer amount up to 2 Lakh and up to 50,000 from ATM per day. Apart from all this users will receive reward points on transaction for shopping and other utility bill payments.

Alpha Saving Account: - This account is quite unique saving account and combination of insurance, investment along with association with mutual funds. Users will get suggestion and recommendation from financial experts regarding investment policies and suitable for saving too, for 18 to 54 years old customers. Bank offers 6% interest rate for accountholders. Along with bunch of benefits and rewards, bank offers up to 4,500 cash back per year. Alpha saving account holders will get life insurance cover worth 20 lakh on premium of 300 per month.

JIFI Pro Saving Account: - There are several offers that customers will enjoy with this account. Users will get higher interest rate up to 6%, along with this other facilities like NEFT, RTGS and free internet banking. Customers will get international platinum debit card that will offer excellent offers, cash back offers and rewards points for customers. Bank not only offers better interest rate but interesting investment plans for you as well.

JIFI NEO Saving Account: - Bank offers classic debit card with this account for users to enhance their transaction flexibility and allow them to withdraw 25,000 from ATM along with per day total transaction limit is 1, 50,000. Users will get interest up to 6%, depends on account balance of customer. Apart from all this users will get other facilities like NEFT, RTGS, internet banking, free ATM Accessing without any extra charges.

Nova Saving Account
a. Minimum 6% interest rate on your saving account balance.
b. Minimum monthly banking criteria are INR 5000.
c. Free Cash Withdrawals across the country without any complication and without any hidden charges.
d. Bank avails classic debit card that allow users to withdraw INR 50000 and daily purchase limit is INR 150000.
Eligibility for Nova Saving Account
a. Must be resident of India.
b. Must belong to Hindu Undivided Families.
c. Applicant may be any non residential Indian.
Fees and Charges
a. Average monthly balance criteria for urban areas INR 1000 and semi urban areas it is INR 5000.
b. Non maintenance charges will be between INR 350 to INR 450.
c. RTGS (real time grass settlement) and NEFT (national electronic fund transfer) charges will be absolutely free.
d. In case of cash deposit nil charges.

Pro Saving Account
a. Free Cash withdrawal limit from any Kotak ATM across country.
b. Minimum monthly banking criteria are INR 20000.
c. Maximum interest rate offered by kotak.
d. Facility to access all visa ATM without any charges.
e. Free Demand Draft Facility.
f. Free account that will be exempted from all non monthly charges.
g. Kotak offers platinum international debit card.
h. Up to 50% discounts on first year demat average.
i. Free online transaction facility via internet banking.
j. Free cash pick and delivery charges.
Charges and Fees Related to Kotak Pro Saving Account
a. Least balance criteria in account are INR 20000 for urban areas and INR 10000 for semi urban areas.
b. Charges for NEFT, RTGS, IMPS will be Nil.
c. Charges for low balance maintenance will be between INR 450 to INR 500.
d. No charges will be imposed on uses of debit card.
e. Free alert and statement facility.
f. Free complement services without hidden charges.

My Family Saving Account
a. Avails the facility of saving amount or facility to spread amount in other accounts.
b. Works as relationship manager between customer and bank.
c. After crossing the criteria of certain amount bank convert into term deposit.
d. Free ATM uses facility for all ace and pro saving account users.
e. Avails hash tag banking facility in association with twitter.
f. Facility to resolve all issues via insta balance banking.
g. IMPS (immediate payment service) without any extra charges to ease banking.
h. Use travel card and get up to 25% off on policy premium.
Available Offers
a. Up to 50% off on women heath checkup fees including cancer maker.
b. Under exclusive health check up policy minimum 50% off on fees.
Other Benefits
a. Customize cash delivery charges.
b. Spend as per shopping criteria and earn up to INR 4500 as cash back.
c. IHO health card.
d. Discount and privilege on movie ticket booking.
e. Avails facility to save more than 35% on locker renting.

Alpha the Saving and Investment Program
a. On basis of debit card spend earn up to INR 4500 as cash back.
b. Least amount required to maintain account with bank.
c. Bank offers up to 25% on locker rent.
d. Customer will be free from paying any annual charges.
e. To grab above describe facility it is necessary to 4000/3000/2000 as per account type.
f. Saving account can be used as demat account to perform all commercial transaction.
Available Investment Option
a. SIP in mutual Fund.
b. Lifecycle Fund- Auto Choice.
c. Recurring deposits.
d. Term deposits.
e. National pension scheme.

Classic Saving Account
a. Free Classic International Debit card.
b. Free Demand Draft Facility.
c. Minimum INR 10000 is required as average monthly balance.
d. Free unlimited cash withdrawal limit without any hidden charges in other bank ATMs too.
e. Attractive interest rate and customer may get up to 6%.

Silk Women’s Savings Account
a. Kotak Silk Debit Card for all users.
b. Avails cash back facility after crossing the eligibility criteria.
c. Brings the facility to merge multiple accounts into single account.
d. Hassle free bill payment facility for all users.
e. Special offer when spends on lifestyle, offers, privileges to make banking easier.
f. Avails home delivery services for cheque, DD, cash pick up and drop facility.
Available Financial Privileges
a. Discount on compliments card.
b. Junior Account through linked SIP and RD.
c. Avails higher debit card withdrawal limit.
d. Discounts on locker facility.
e. Women will also be eligible for waiver in income tax as per tax section under 80TTA.

Grand Saving Program
a. Offers cash back amount up to INR 4500.
b. Priority based service and first add health card by IHO.
c. Up to 6% interest rate.
d. Kotak money activity allows users to convert amount into term deposit, once amount will cross the specific criteria.
e. SMS alert service will be offered to all users to keep them updated with information regarding occurring transaction.
Convenience Features
a. SMS for a call back, to receive call from customer support team user can simply SMS KGRAND to 5676788 and respective team member will contact to resolve issues in best possible manner.
b. Customized cash delivery
c. Priority based services and first aid card.

Saving Account for Kids
a. Special offer on regular saving apart from login offer.
b. Free customized debit card.
c. Bundle of offer along with NMC facility.
d. Up to 6% interest rate equal to regular or seniors account.
e. Several privileges and rewards along with massive discount on purchase from associates stores.
Junior Proposition by Kotak
a. Early to save early to earn facility.
b. Systematic Investment Plan.
c. Standalone Junior Account
d. Recurring deposit.
Special Privilege for kids
a. Junior shopper.
b. Junior shopper.
c. Junior angle.
d. Junior learner.
e. Junior day out
f. Junior foodie.

Platina Savings Account
a. Free Platinum international chip debit card along with add on features.
b. Higher interest rate, up to 6% of saved amount.
c. Mandatory average balance INR 10000.
d. Kotak money activity to convert amount into term deposit.

Sanman Savings Account
a. Allow customers to withdraw amount INR 50000 per day.
b. At least INR 2000 is required as average monthly balance.
c. Free multicity cheque clearance facility.
d. Allowed daily purchase limit is 150000.
e. Attractive interest rate up to 6% of saved amount.
f. Unlimited cash withdrawl facility without any extra charges.

811 Saving Account
a. Fully digitized saving account avail by bank.
b. Easy to operate and manage quite easily.
c. Zero balance account with instant activation facility within 5 minutes.
d. Avails virtual debit card to ease shopping.
e. Accepted for instore shopping and payment.
f. Avails facility to book movie ticket and flight ticket without exploring other apps.
g. Can be open with help of aadhaar number.
If opened without Aadhaar OTP
1. Allow to transfer around INR 20000 per month.
2. Account will be valid for 3 years from date of activation.
3. If customer completes the process of KYC (Know your customer) in above defined tenure then account will be upgraded into normal account.
If opened with Aadhaar OTP
a. Applicable to pay for instore purchase via scanning.
b. Earn up to 6% of interest rate.
c. Ease shopping with virtual debit card.
d. Instant account opening facility along with aadhaar card details.
e. Without commitment zero balance saving account.

Kotak Saving Account Customer Care Related Details

1. Toll free Number: 1860-266-2666 for India customer and +91-22-6600-6022 (outside India).
2. To report any issue mail at:
3. Registered Office: 27 BKC, C 27, G Block,Bandra Kurla Complex,Bandra (E), Mumbai - 400051
4. Kotal Life insurance Registered office: Kotak Mahindra Old Mutual Life Insurance Ltd. 2nd Floor, Plot # C - 12, G- Block, BKC, Bandra (E), Mumbai – 400051
5. For security related issues: 2nd Floor, Nirlon House, Near Passport Office, Dr. Annie Besant Road, Worli, Mumbai – 400025
6. For mutual funds related issues: Kotak Mahindra Asset Management Company 6th Floor, Vinay Bhavya Complex, 159-A, C.S.T Road, Kalina, Santacruz East, Mumbai 400098. India.
7. To get Investment related advise: 27BKC, 7th Floor Plot No. C-27, "G" Block, Bandra Kurla Complex Bandra (East), Mumbai – 400051
8. Regarding SME banking: Kotak Mahindra Bank 4th Floor, Zone II, Bld no. 21, Kotak Infinity, Infinity Park, General AK Vaidya Marg, Malad - (E), Mumbai – 400097

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