Silk - Women's Savings Account
Silk - Women's Savings Account
A savings account especially designed for the banking needs
of today’s modern women.

A savings account especially designed for the banking needs
of today’s modern women.
The Kotak Mahindra Bank Silk programme provides women with the best of offers in finance, dining, health and lifestyle, empowering them to do more.
Higher withdrawal limits with Debit Card exclusively for Silk Savings Account
Make easy and hassle free online bill payments
Use Silk Debit Card to enjoy special offers, discounts, privileges, lifestyle benefits & much more
Get transactional updates of all your accounts in a single account statement
Enjoy doorstep banking services like cash pick-up and delivery, cheque/draft delivery, etc. at your home with Kotak Bank's Silk Savings Account
Silk POS Limit | Rs. 2,00,000 |
Silk ATM Withdrawal limit | Rs. 40,000-Domestic Rs. 50,000-International |
Lost Card Liability | upto Rs.3,50,000/- |
Purchase Protection |
upto Rs.2 ,00,000/- |
Debit Card Type | Platinum card |
Personal Accidental Death Cover Classic Silk Debit Card Platinum Silk Debit Card |
Coverage – 2lakh * Coverage up to 25 lakhs* (Enhanced Cover) |
Lost baggage Insurance | upto Rs. 1,00,000/- |
Air Accidental Death Insurance | upto Rs. 50 lakhs |
Ordinary account (3.25 % p.a.) |
Kotak account (up to 4% p.a.) |
Rs. 3.07 lakhs | Rs. 2.5 lakhs |
Disclaimers
* Subject to maintenance of Average Monthly Balance in the Silk Account
^ Subject to availability.
# Non Maintenance Charge
With Kotak Mahindra Bank you can avail great offers round the year from our key partners. Choose from offers across categories including restaurants, travel, shopping, electronics, health & wellness, entertainment etc as well as special EMI offers.
To find out the latest offers available on women's savings account click here
Check out additional Kotak Bank Savings Account products by clicking here
Below are the details of Reward Points:
Minimum Spends per month |
Reward Points per month |
Rs. 7,500 - Rs. 15,000 |
400 |
Rs. 15,001 - Rs. 25,000 |
1000 |
Rs. 25,001 & above |
1500 |
**Rewards are subject to meeting of minimum Spends criteria. Spends should be on domestic and international merchant transactions done on your Silk Platinum Debit Cards. The Reward Points will be credited once in a month in your Kotak Rewards Account when the Spends criteria is met. Validity of Reward Points will be 1 year from the date of credit. Details of the same will be communicated through email and SMS. ATM Cash withdrawals are not eligible for rewards.
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W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.
*TnC Apply
*The Two Wheeler loan is provided by KMPL
Average Monthly Balance is calculated by dividing the sum of all ‘End of Day’ balances in a month by the number of days in that month.
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.
Sample Bank Statement:
Sr. no. |
Date |
Narration |
Withdrawal |
Deposit |
Closing balance |
1 |
January 1st, 2012 |
Opening Balance |
|
|
Rs. 10,000/- |
2 |
January 10th, 2012 |
ECS Credit-VD |
|
Rs. 10,000/- |
Rs. 20,000/- |
3 |
January 16th, 2012 |
Cash Withdrawal |
Rs. 5,000/- |
|
Rs. 15,000/- |
4 |
January 25th, 2012 |
Cheque Deposit- MICR Clearing |
|
Rs. 20,000/- |
Rs. 35,000/- |
5 |
January 28th, 2012 |
HPCL Petrol Pump POS 43860000000012 |
Rs. 1,000/- |
|
Rs. 34,000/- |
6 |
January 30th, 2012 |
Cash Deposit Mumbai |
|
Rs. 9,000/- |
Rs. 43,000/- |
7 |
January 31st , 2012 |
Funds Transfer |
Rs. 25,000/- |
|
Rs. 18,000/- |
AMB Calculation:
Sr. No. |
Time Period |
Calculation |
Amount (Rs.) |
1 |
EOD Balance from January 1st, 2012 to January 9th, 2012 |
Rs. 10,000/- x 9 |
Rs. 90,000/- |
2 |
EOD Balance from January 10th, 2012 to January 15th, 2012 |
Rs. 20,000/- x 6 |
Rs. 1,20,000/- |
3 |
EOD Balance from January 16th, 2012 to January 24th, 2012 |
Rs. 15,000/- x 9 |
Rs. 1,35,000/- |
4 |
EOD Balance from January 25th, 2012 to January 27th, 2012 |
Rs. 35,000/- x 3 |
Rs. 1,05,000/- |
5 |
EOD Balance from January 28th, 2012 to January 29th, 2012 |
Rs. 34,000/- x 2 |
Rs. 68,000/- |
6 |
EOD Balance for January 30th, 2012 |
Rs. 43,000/- x 1 |
Rs. 43,000/- |
7 |
EOD Balance for January 31st , 2012 |
Rs. 18,000/- x 1 |
Rs. 18,000/- |
|
Total EOD balances for the month January 2012 |
|
Rs. 5,79,000/- |
|
Divide by the no. of days in the month |
|
31 |
|
Average Monthly Balance (AMB) |
|
Rs. 18677.42/- |
Through this facility you can earn a much higher interest on your idle funds in the Savings Bank Account.
The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.
The advantages of this facility are:
To apply for Kotak Mahindra Bank Pro Savings Account, you should belong to anyone of the following categories
Go to Get Help section in Website > Service Request > View All. Select Change of Home Branch Request. User to enter Login credentials and the OTP received. User can change the Home Branch at CRN level (all savings accounts) or at a savings account level.
Select your preferred method.
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