Average Monthly Balance (AMB)
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Rs 10,000
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Non-maintenance Charges
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Charges for Non-maintenance of minimum monthly average balance
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6% of the shortfall in required AMB per month
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Fund Transfers
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NEFT / RTGS / IMPS (Through Net-banking / Mobile Banking)#
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Free
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NEFT / RTGS done through branch
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For NEFT: Upto 10000: 2; 10001 to 100000:4; 100001 to 200000:14; >200000:24. For RTGS: 200001 to 500000:20; >500000:40
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Cash Transactions
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Cash Transaction at Branch / CDM (Deposit or withdrawal)
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Free upto 4 transactions or 2 lac / month, whichever is earlier. Post free limits, charged at Rs. 4.5/- per Rs. 1000/- with minimum Rs. 150
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Debit Card / ATM Charges
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Kotak 811 Platinum Debit Card Annual Fees Or Replacement of Lost Debit Card
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Rs 199 + Taxes (charges for other cards detailed below)
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Image Debit Card (available on request only)
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One time image cost basis selected Image + Rs. 299 (inclusive of taxes) Annual charges
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Kotak Bank's ATM Financial Transaction / Non-Financial Transaction*
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Unlimited Free
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Other Domestic ATMS Financial Transaction / Non-Financial Transaction##
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Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @ nil charges in top 6 cities (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad), thereafter Financial Transaction – Rs. 21 / transaction and Non-Financial Transaction – Rs. 8.50 / transaction.
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Declined Transactions due to insufficient balance at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019)
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Rs. 25 / instance
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Financial Transaction / Non-Financial Transaction at International ATM +
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150 / Txn. for Financial transactions and 25 / Txn for non-Financial transactions
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Cardless cash withdrawal (IMT)
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Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction
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DD / Pay order / Cheque Book
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DD / Pay Order
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Rs. 4/- per Rs. 1000/- (Min 50 Max 10000) For senior citizens Rs. 3/- per Rs. 1000/-
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FCY DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return
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Rs.500
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At-par Cheque Book Charges
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25 Chq leaves free / Yr; Thereafter Rs.3 / cheque leaf (Min 25 leaves in one cheque book)
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ECS / Cheque Issued & Returned (due to non-availability of funds)
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Rs.500 / instance
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Cheque Issued & Returned Fee for Non-Financial Reason
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Rs. 50 per instance
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ECS Mandate Verification
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Rs. 50 per instance
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SI Failure
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Rs. 200
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Cheque deposited and returned (INR)
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Rs. 200
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Requests
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Duplicate Ad-hoc statement, Balance & Interest Statement, Foreign Inward Remittance Certificate, Duplicate Passbook, TDS Cerificate Through Branch or any other Record Retrieval, Stop Payment Single / Range of cheque thru branch; DD / PO / BC Revalidation / Cancellation ( INR); Regeneration of Pin sent through courier; Annual Combined Statement Physical; Monthly Physical Statement; Regeneration of PIN-Net Banking/Phone Banking (thru courier).
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Rs 100 / Request For Senior Citizens: DD Cancellation Charges - NIL, Other mentioned services except Foreign Inward Remittance Certificate (FIRC) - Rs 75/ request, FIRC-Rs 100/ request
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Home Banking Service
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Instrument Pick Up / Delivery
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Rs. 150 per visit
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Cash Pick Up / Delivery
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Statements & Alerts
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Statements
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Email Statement Free: Physical Quarterly Free
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Balances and Transaction & Value added alerts (Daily / Weekly)
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50 p per SMS (Daily/Weekly)
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Other Charges
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TOD
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TOD: Rs. 500
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Cheque purchase
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Cheque Purchase Charges: 0.5 / 1000 (Min 50; Max 10000)
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##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction.
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#+ Top 6 Cities - Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.
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*Financial transaction at ATM will include Cash withdrawal, Non-Financial transaction will include balance enquiry, PIN change, Mini statement request.
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Transaction and Value Added SMS alerts would be sent free to the customers who have subscribed for Daily / Weekly. Balance Alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / Weekly Balance SMS alerts facility has not been subscribed.
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# Indo - Nepal Remittance Scheme (NEFT Charges): If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes). If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto Rs. 5000 – Rs. 75 per txn. & beyond Rs. 5000 – Rs. 100 per txn. (incl all taxes). Nil charges for NEFT done thru Mobile banking / Net Banking.
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The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction.
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Charges are exclusive of the Goods and Services Tax (GST).
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A charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) [w.e.f April 1,2019]
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With effect from July 1, 2017 the effected Goods and Service Tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
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State Government Taxes/Cess as applicable shall be charged.
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With effect from September 1st 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year.
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Any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs. 350/- per rejection
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As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.
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+Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder.
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The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges.
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Debit Card Annual Charges
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Classic Debit Card Primary
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150
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Classic Debit Card Add On
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150
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Silk Classic Debit Card Primary
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150
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Gold Debit Card Primary
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500
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Gold Debit Card Add on
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500
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Platinum Debit Card Primary
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199
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Platinum Debit Card Add On
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750
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World Debit Card (available for ING Vysya Variants Only)
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750
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Replacement of Debit Card
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200
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Any purchase / sale of foreign exchange will attract Goods and service tax (GST) on the gross amount of currency exchanged as per goods and Service Tax (GST) on Foreign Currency Conversion Charges (FCY) table below. Value to purchase or sale of Foreign Currency Goods and Service Tax Amount (GST) w.e.f. June 01, 2016
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Value to purchase or sale of Foreign Currency
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Goods and Service Tax (GST) Amount w.e.f. June 01, 2016
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Up to Rs. 1,00,000
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1% of the gross amount of currency exchange or minimum of Rs. 250/-
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Above Rs. 1,00,000 to Rs.10,00,000
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1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
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Above Rs. 10,00,000
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Rs. 5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs. 60,000/-
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Outward Remittances - Individual
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Standard Charges
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Telegraphic Transfer Charges (other than payment for imports)
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INR 1250 + Tax
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Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter)
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INR 1000 + Tax
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Issue of FCY DD's
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INR 750 + Tax
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Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)
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0.125 %; minimum INR 1,000 +Tax
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