Merchant One Current Account

• Free cash deposit up to Rs. 6 Lakh per month
• Free cash withdrawal at home branch location
• Free cash withdrawal at non-home branch locations up to Rs. 50,000 per day
• Free NEFT and RTGS through Kotak Net Banking
• Free SMS Alerts
• Free Business Platinum Debit Card^^
• Up to 15 free DD/BC per month (standard charges apply thereafter)
• Home Banking Service: On call cash/cheque pickup and delivery **
• Free multi city at-par cheque books ***
• Kotak ActivMoney^ helps you convert the idle funds in your Current Account into Term Deposits to enable you to earn attractive returns
• Overdraft facility – Overdraft limit basis your POS swipes, ensuring your day-to-day financing needs are covered#
• Competitive Forex rates and efficient trade services
• Cash Management Services
• Free 24*7 Net, Mobile, Phone and SMS banking

Disclaimers

^^ Annual Charges waived for the first year
** Refer the General Schedule of Features and Charges (GSFC) to know the Home Banking charges applicable as per your account type
*** Up to 200 cheque leaves free per month (standard charges apply thereafter)
# Terms & Conditions apply. Credit at sole discretion of Kotak Mahindra Bank Ltd and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
^ ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current/Savings Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in Current/Savings Account, the TD will be broken prematurely and the required amount will be transferred to Current/Savings Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. Auto-Sweep out of funds above a pre-specified threshold from Savings to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 10,000/- The nomination registered for Saving Account/Current Account will apply for FDs created through ActivMoney. If customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to fixed deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to me.

• Zero MDR on UPI, instant EMI conversion, Same Day Settlement, Dynamic QR on POS and Contactless Card acceptance*
• Digital Billing – Enjoy a hassle-free billing experience from adding products to billing cart by scanning, searching with name or barcode to printing itemised bills, do this and a lot more
• Inventory Management - Get a preloaded catalogue of approx. 2 lakh SKUs, receive automated stock alerts, stock reports and more.
• Push Offer / Discount & Loyalty - Offer discounts and regular updates via the free SMS service available with Kotak Biz Connect solution
• Customer Database Management - Maintain your customer’s purchase data and know their trend of purchase
• Credit Management - Manage credit accounts for your loyal customers, send reminders for the due amount and collect them easily using Kotak Biz Connect solution
• Reports - Streamline your business operations as you get actionable insights from various reports

Disclaimer:

* MDR on UPI is applicable as defined by RBI guidelines, Dynamic QR is available on activation, Collect contactless card payment up to Rs. 5,000 without

• Superfast onboarding and activation – Quick and easy activation for collecting payments from customers
• Seamless Collections – Collect contactless payments through various payment modes using QR, SMS Pay or UPI
• Automatic Settlements – Enjoy access to all your payments and check the status of settlement against each transaction on the app
• Service Support – Raise queries via the kotak.biz app and get priority support without having to call customer care