Kotak Mahindra Bank Current Account

With this account variant the users get the added facility of free fund transfer, free SMS and email alerts, free DD of up to Rs.10 lakh and more.

Startup Premium Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.1 lakh
Debit Card	Business Class Gold Debit Card
Daily ATM cash withdrawal limit	Rs.50,000
Demand Drafts	Free DD of up to Rs.10 lakh per month
NEFT / RTGS / IMPS	Free
Outward Cheque Returns	Free up to 5 instruments per month
SMS and email alerts	Free

The product comes with the requirement of low minimum balance and provides users with privileges like free fund transfer, free mobile / sms and internet banking, free business gold debit card and more.

Edge Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.25,000
Debit Card	Business Class Gold Debit Card
Daily ATM cash withdrawal limit	Rs.50,000
Demand Draft	Free DD up to 25 per month
NEFT / RTGS (via net banking)	Free
Mobile / SMS / Net Banking	Free (24X7)
SMS and email alerts	Email alerts are free, SMS alerts at nominal charges

The account holders get first free cheque book, free email and SMS alerts, free money transfer, free mobile and internet banking and more.

Neo Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.10,000
Debit Card	Business Class Gold Debit Card
Daily ATM cash withdrawal limit	Rs.50,000
Cheque Book	First cheque book is free
NEFT / RTGS (via net banking)	Free
Mobile / SMS / Net Banking	Free (24X7)
SMS and email alerts	Email alerts are free, SMS alerts at nominal charges

The customers of this account variant get added advantages including free fund transfer, free up to 50 demand draft per month, free email alerts and more.

Startup Regular Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.50,000
Debit Card	Business Class Gold Debit Card
Daily ATM cash withdrawal limit	Rs.50,000
Demand Drafts	Free up to 50 DD per month
NEFT / RTGS / IMPS	Free
Outward Cheque Returns	Free up to 3 instruments per month
SMS and email alerts	Email alerts are free, SMS alerts at nominal charges

The customers get free business class gold debit card, waiver on up to 5 outward cheque returns, free money transfer from one account to another, free email alerts and more.

Pro Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.50,000
Debit Card	Business Class Gold Debit Card
Daily ATM cash withdrawal limit	Rs.50,000
Demand Drafts	Free up to 15 DD per month
NEFT / RTGS (via net banking)	Free
Outward Cheque Returns	Waiver on up to 5 instruments per month
SMS and email alerts	Email alerts are free, SMS alerts at nominal charges

The account comes with a high account balance maintenance requirement and hence is best suited for people with high net income. The account provides users with free fund transfer facility, free SMS and email alerts and more.

Ace Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.2.5 lakh
Debit Card	Business Power Platinum Debit Card
Daily ATM cash withdrawal limit	Rs.2 lakh
Demand Drafts	Free up to 50 DD per month
NEFT / RTGS / IMPS	Free
Outward Cheque Returns	Free up to 10 instruments per month
SMS and email alerts	Free

This product provides users with up to 30 DD free per month, free business class gold debit card, free fund transfer from one bank account to another and more.

Elite Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.1 lakh
Debit Card	Business Class Gold Debit Card
Daily ATM cash withdrawal limit	Rs.50,000
Demand Drafts	Free up to 30 DD per month
NEFT / RTGS / IMPS	Free
Outward Cheque Returns	Free up to 7 instruments per month
SMS and email alerts	Email alerts are free, SMS alerts at nominal charges

With this account variant, the users get the added advantage of free and unlimited demand draft, free fund transfer facility, free SMS and email alerts and daily cash withdrawal limit of Rs.2 lakh and more.

Astra 05 Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.5 lakh
Debit Card	Business Power Platinum Debit Card
Daily ATM cash withdrawal limit	Rs.2 lakh
Demand Drafts	Free + Unlimited
NEFT / RTGS / IMPS	Free
Outward Cheque Returns	Waiver on up to 10 instruments per month
SMS and email alerts	Free

This account provides users with free and unlimited demand draft, free business power platinum debit card, free fund transfer and more. The account comes with a high minimum balance requirement and is best suited for professionals with high net worth.

Astra 15 Current Account	Primary Features
Average Quarterly Balance (AQB)	Rs.15 lakh
Debit Card	Business Power Platinum Debit Card
Daily ATM cash withdrawal limit	Rs.2 lakh
Demand Drafts	Free and Unlimited
NEFT / RTGS / IMPS	Free
Outward Cheque Returns	Waiver on up to 10 instruments per month
SMS and email alerts	Free

The product comes with 3 variants and the users get the added advantage of financial and bid bonds, dedicated relationship manager, dividend payments and more.

Global Trade Current Account	Primary Features
Account Type	1- GTA Pro 2- GTA Elite 3- GTA Ace
Services Offered	Freight charges, Dividend payments, remittances like agency commissions
Digital Solutions Offered	FX Live, E-Banking, E-Advices, E-SWIFT
Bank Guarantee	Performance, Financial & Bid bonds
Export Services	EEFC Accounts, Export bills collection, Handling of advance exports etc.
Extra benefit	Dedicated Relationship Manager
Value-added services	Taxation services, marketing solutions, workplace solutions, travel services etc.

Given below is the list of fees and charges of different current account variants offered by Kotak Mahindra Bank. It is to be noted that Kotak current account minimum balance should be kept in mind before opting for the preferred type.

Product Name (CA)	AQB	Cash deposit limit (home branch)	Cash withdrawal(non-home)	Non-maintenance charges (AQB < 50%)	Cheque Book (limit p.m.)
Startup Premium	Rs.1 lakh	Free up to 5 times of ACB	Free up to Rs.1 lakh p.d.	Rs.5000	Free up to 300
Edge	Rs.25,000	Free up to Rs.4 lakh p.m.	Free up to Rs.25,000 p.d.	Rs.1500	Free up to 50
Neo	Rs.10,000	Free up to Rs.2 lakh p.m.	Free up to Rs.10,000 p.d.	Rs.1200	1st cheque book free
Startup Regular	Rs.50,000	Free up to 5 times of ACB	Free up to Rs.50,000 p.d.	Rs.2500	Free up to 200
Pro	Rs.50,000	Free up to Rs.6 lakh p.m.	Free up to Rs.50,000 p.d.	Rs.2500	Free up to 200
Ace	Rs.2.5 lakh	Free up to 10 times of ACB	Free up to Rs.2.5 lakh p.d.	Rs.7000	Free
Elite	Rs.1 lakh	Free up to Rs.10 lakh p.m.	Free up to Rs.1 lakh p.d.	Rs.5000	Free up to 300
Astra 05	Rs.5 lakh	Free up to 10 times of ACB	Free up to Rs.5 lakh p.d.	Rs.8000	Free
Astra 15	Rs.1.5 lakh	Free up to 12 times of ACB	Free up to Rs.7.5 lakh p.m.	Rs.8000	Free

*ACB stands for Average Credit Balance, p.m. for Per Month, p.d. for Per Day

Below mentioned is the list of entities who are eligible to apply for Kotak Mahindra Current Account:

1- Resident Indian Individual

2- Sole proprietorships

3- Hindu undivided families (HUFs)

4- Partnerships / Limited liability partnerships

5- Private limited companies

6- Co-operative societies / subsidiaries and associations / trusts / clubs

6- Religious organisations / educational institutes / government bodies

7- Association of Persons

8- Public sector undertakings

9- Domestic banks / regional rural banks / domestic co-operative banks

10- Foreign institutional investors / foreign nationals residing in India / foreign companies

11- Foreign banks

12- Insurance companies / mutual funds

13- Share and stock brokers

14– Related parties

15- Non-government organisations 

Kotak Bank Current Account can be opened by the above mentioned entities online or by visiting the nearest bank branch or by calling the customer care. 

Online

Step 1: Visit the official website of Kotak Mahindra Bank.

Step 2: Click on ‘Explore Products’ section and Go to ‘Current Account’.

Step 3: Choose the preferred current account variant and click on ‘Apply’.

Step 4: In the newly opened page, fill the required details like name, mobile number, email id, branch etc. Have a look at the below displayed picture.

Step 5: Agree to the terms and conditions and click on ‘Submit’.

Step 6: After successful submission, Kotak Mahindra Bank representative will get in touch with the user for further account opening process.

Offline

The customers can visit the nearest bank branch with all the required KYC acceptable documents. One needs to fill the account opening form and submit it to the bank along with all the documents. The users can also download Kotak Mahindra Bank Current Account opening form available at the bank’s official website and submit the duly filled form along with all the documents to the nearest bank branch.

List of common documents (Identity & Address Proof)

Passport Driving License Voter ID Card Aadhaar Card PAN Card Photograph Letter issued by National Population Register

Sole Proprietorship Accounts

Any two of the following documents are required: Certificate / licence issued by the municipal authorities CST /VAT / GST certificate Certificate / registration document issued by Sales Tax / Service Tax / Professional Tax authorities IEC  DGFT /  Licence /certificate of practice  Complete Income Tax Return  TAN Allotment Letter issued by NSDL  Certificate / License of Registration  Utility bills such as electricity, water, and landline telephone bills A self declaration on the bank’s prescribed format

Partnership Firms Accounts

PAN in name of Firm Partnership Deeds Registration Certificate or one government issued certificate Partnership Declaration in bank format

Limited Liability Partnership Accounts

PAN in name of firm LLP agreement Certificate of Incorporation Resolution for Account Opening Beneficial owner information & KYC documents

Hindu Undivided Family (HUF) Accounts

PAN Card in the name of HUF HUF declaration Proof of ID, Address & Signature Proof of Karta

Public or Private Limited Companies Accounts

PAN Card in the name of company Certificate of Incorporation Certificate of Commencement of business Updated Memorandum & Articles of Association Proof of Principal place of Business / Registered Office / Mailing Address Present list of names of Directors and Identity & Address Proofs of Authorised Signatory Beneficial owner information and KYC documents

Q. Is there any Kotak Mahindra Bank zero balance current account?

A. Kotak Mahindra Bank does not offer any zero balance current account option. However, keeping in consideration Kotak Mahindra Bank Current Account minimum balance, one can opt for Kotak Neo Current Account with a minimum balance requirement of Rs.10,000.

Q. What is Kotak Mahindra Current Account minimum balance requirement?

A. Kotak Bank Current Account minimum balance requirement varies from one account variant to another. For Edge Current Account it is Rs.25,000 while for Neo Current Account it is Rs.10,000.

Q. Does Kotak Bank give interest on Current Account?

A. Kotak Bank Current Account interest rate is not provided yet. Like any other Current Account, the bank does not provide any interest rate.

Q. How can one check balance in Kotak Mahindra Bank?

A. The users can contact the customer care (1800 270 0110) from their registered mobile number for any enquiry.