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Kotak Mahindra Bank Savings Account

Home Savings Account Kotak Mahindra Bank
Updated: 08-12-2025 06:59:32 AM

Kotak Mahindra Bank offers a wide variety of savings account options to its customers to suit their individual needs. From premium saving accounts to basic or regular accounts, from online savings accounts to offline accounts, from accounts for children to accounts for senior citizens, the options are endless.

Moreover, the rate of interest offered on Kotak Mahindra Bank savings account is comparatively higher than those offered by most of its contemporaries. Let us have a look at the various types of Kotak Savings Accounts they offer and what they promise. Eligibility for most of the Kotak Mahindra Bank savings accounts is similar and is provided with the account details below.

Kotak Mahindra Bank Savings Account Interest Rate 2025

Kotak Mahindra Bank Savings Account – Category Rate of Interest* Across All Account Balances
Domestic 2.50% p.a.
Non Resident (NRE/NRO) 2.50% p.a.

Note: Interest rates are updated as on 8th Dec 2025 and are with effect from 9th July 2025.

*Kotak Mahindra Bank Savings account interest rates are subject to renewal on the basis of the bank’s policy.

Types of Kotak Mahindra Bank Savings Account
Documents Required for Opening a Savings Account with Kotak Mahindra Bank
Applying for a Offline Savings Account from Kotak Mahindra Bank

Types of Kotak Mahindra Bank Savings Account

Kotak Mahindra Bank enables its customers to open a savings bank account through two channels – online and offline. We have classified the savings account offered by Kotak Mahindra Bank into online and offline channels.

Types of Kotak Mahindra Bank Savings Account Primary Features
Online Savings Account
Kotak 811 Digital Bank Account
  • Zero Balance Savings Account
  • Virtual Debit Card
Kotak 811 Edge Digital Bank Account
  • Average Monthly Balance – Rs. 10,000
  • Platinum Chip Debit Card
Offline Savings Account
Edge Savings Account
  • ATM Withdrawal Limit Rs. 50,000 / Daily Purchase Limit Rs.1.5 lakh
  • Auto Sweep Facility
Junior – The Savings Account for Kids
  • Zero Balance Savings Account (NMC Waiver)
  • Personalized Junior Debit Card
Pro Savings Account
  • Average Monthly Balance (AMB) – Rs.20,000
  • Free cash withdrawals from any Kotak Branch across India
My Family Savings Account
  • Classic or Platinum Debit Card
  • Auto Sweep Facility Available
Classic Savings Account
  • Average Monthly Balance (AMB) – Rs.10,000
  • Free cash withdrawals at other domestic ATMs
Sanman Savings Account
  • Average Quarterly Balance (AQB) – Rs. 2,000
  • Free cash withdrawals at Kotak Bank ATMs
Ace Savings Account
  • Free Platinum International Chip Debit Card
  • Daily purchase limit – Rs. 2 Lakh/Daily ATM cash withdrawal limit – Rs. 2 Lakh (Extended Withdrawal Limit – Rs. 2 lakh per day)
Grand – Savings Account
  • Auto Sweep & Overdraft Facility Available
  • Priority Service & First Aid Card to get first preference at Kotak Mahindra Bank branches
  • Doorstep banking services like cash pick-up and delivery, draft/cheque delivery, etc.
Alpha – The Savings & Investment Programme
  • Non-maintenance charges waived
  • Annual maintenance charges waived
Nova Savings Account
  • Daily Purchase Limit – Rs.1.5 lakh; Daily Withdrawal Limit – Rs. 50,000
  • Average Monthly Balance (AMB) – Rs. 5,000
Silk Women’s Savings Account
  • Kotak Silk Debit Card
  • 35% Discount on locker rentals for first year
  • ATM Withdrawal Limit – Rs. 40,000 (Domestic), Rs.50,000 (International); POS Limit – Rs.2 lakh
BSBDA/Small Accounts
  • Zero Balance Savings Account
  • Classic Debit Card

Kotak Mahindra Bank Online Savings Account

  1. Kotak 811 Digital Bank Account
Kotak 811 Savings Account Features
Minimum Balance Requirement Zero Balance Savings Account
Debit Card Virtual Debit Card
Interest Rate Up to 2.50%
Auto Sweep Facility Yes
Eligibility Criteria Resident Indian above 18 years of age

Kotak 811 is a zero balance savings account, which brings the complete digital banking ecosystem to your mobile. Now you can open a savings account in less than 5 minutes with Kotak 811 from the convenience of your home/office. The primary purpose of introducing 811 is to bring you all the facilities and seamless shopping, travelling and entertainment experience with the benefits of zero balance savings account on your mobile.

Features & Benefits of Kotak 811 Savings Account

Listed below are the several features and benefits of Kotak 811 Savings Account:-

  • Open your savings account in no time with Kotak 811. Just fill in the details and experience mobile banking like never before
  • Enjoy the benefit of Zero Balance Savings Account
  • Earn up to 2.50% p.a. interest on balance maintained in your Kotak Mahindrasavings account
  • You can complete your Full KYC by requesting a home visit for in-person verification using your Kotak mobile banking app
  • Kotak 811 users will also get cash deposit and withdrawal facility at branch (Cheque book available on demand)
  • Transfer funds via IMPS/NEFT/RTGS
  • Get a complimentary Virtual Debit Card with Kotak 811
  • Make payments without the hassle of cash and change. Pay for your shopping, cab, groceries, home delivery & much more using Kotak 811
  • Train ticket booking (IRCTC) – Enjoy the convenience of booking train tickets from Indian Railway Catering and Tourism Corporation (IRCTC) using your Kotak 811 App

Kotak Mahindra Bank also offers 811 variants such as 811 Edge Savings Account to fulfil diverse needs of its customers. Those without a PAN or Aadhaar number can apply for Kotak 811 Edge account.

  1. Kotak 811 Edge Digital Bank Account

Kotak 811 Edge is a savings account that brings you the best of Kotak 811 and Kotak’s regular savings accounts. This account requires a minimum balance of Rs. 10,000.

Kotak 811 Edge Digital Savings Account Features
Average Monthly Balance (AMB) Rs.10000
Debit Card Platinum Chip Debit Card
Interest Rate Up to 2.50%
Net Banking & Mobile Banking Free
Eligibility Criteria Resident Indian above 18 years of age

Kotak brings a complete digital experience to banking with 811 Edge Savings Account. This Kotak savings account comes with a paperless account opening experience and the minimum balance requirement (AMB) for the account is Rs. 10000.

Features & Benefits of Kotak 811 Edge Digital Account

Listed below are the several features and benefits of Kotak 811 Edge Savings Account:-

  • Open 811 Edge Account instantly using your Aadhaar details
  • Average Monthly Balance (AMB) to be maintained with 811 Edge Account is Rs. 10,000
  • Earn up to 2.50% interest per annum on your savings account balance maintained
  • Free net banking facilities like IMPS, NEFT & RTGS to help you go digital and cashless
  • Get Platinum Chip Debit Card for Rs. 199 per year as annual fees

Eligibility Criteria

  • Individuals of age 18 years and above
  • Resident Indians

Documents Required

To apply for Kotak 811 & 811 Edge savings account you should have:

  • Aadhaar card
  • PAN card

Fees & Charges

Check the fees and charges of the Kotak 811 Savings Account.

Particulars Kotak 811 Limited KYC Kotak 811 Lite Kotak 811 Full KYC Account Kotak 811 Edge
Average Monthly Balance Nil Nil Nil Rs. 10,000
Funds Transfer (NEFT/RTGS/IMPS) NEFT / IMPS: Nil

(RTGS: Not available)

 Outward fund transfer is not available Nil Charges Nil Charges
Cash Transactions (Deposit or Withdrawal) Nil charges for 1 Deposit/month up to Rs. 10,000 (whichever is earlier). Thereafter, charged at Rs. 4.5 / 1000 with minimum Rs. 50.

(Cash Withdrawal: Not available)

 Nil charges for 1 Deposit/month up to Rs. 10,000 (whichever is earlier). Thereafter, charged at Rs. 4.5 / 1000 with minimum Rs. 50.

(Cash Withdrawal: Not available)

 Nil charges for 1 Transaction (Deposit/withdrawal) / month up to Rs. 10,000 (whichever is earlier). Thereafter, charged at Rs. 4.5 / 1000 with minimum Rs. 50. Free up to Rs. 2 lakh or 4 transactions a month.

Thereafter, charged at Rs. 4.5/1000 (min. Rs. 150)
Debit Card / ATM Charges (Virtual Debit Card) (Issuance / Annual Fee / Replacement) Nil Virtual Prepaid Card with Nil Charges Nil Not Available
Debit Card / ATM Charges (with Physical Debit Card) Rs 199 p.a. Not available Rs 199 p.a. Rs. 150 p.a.

How to Open Kotak 811 Savings Account Online

You can apply for the Kotak 811 Savings Account from the Kotak Mahindra Bank website or the Kotak Mahindra Bank mobile application.

Kotak Mahindra Bank Offline Savings Account

  1. Edge Savings Account
Kotak Edge Savings Account Features
Average Monthly Balance (AMB) Rs.10000
Debit Card Classic Debit Card
Interest Rate Up to 2.50%
Withdrawal Limit / Purchase Limit ATM Withdrawal Limit Rs. 50,000 / Daily Purchase Limit Rs.1.5 lakh
Eligibility Criteria Resident Indians, Hindu Undivided Families (HUFs), Foreign Nationals Residing in India
  1. Junior Account

Kotak Mahindra Junior savings account is a savings account specially crafted for children. It comes with the following features and benefits:

Kotak Junior Account Features
Average Monthly Balance (AMB) Zero Balance Savings Account
Debit Card Personalized Junior Debit Card
Interest Rate Up to 2.50%
ATM Withdrawal Limit Rs. 5000
Eligibility Criteria Children below 18 years of age

*Debit Cards will be issued to children above the age of 10 years.

  1. Pro Savings Account
Kotak Pro Savings Account Features
Average Monthly Balance (AMB) Rs. 20,000
Debit Card Platinum International Chip Card
Interest Rate Up to 2.50%
Withdrawal Limit / Purchase Limit ATM Withdrawal Limit Rs. 50,000 / Daily Purchase Limit Rs. 2 lakh
Eligibility Criteria Resident Indians, Hindu Undivided Families (HUFs), Foreign Nationals Residing in India
  1. My Family Savings Account

Kotak My Family Savings Account covers the entire family’s banking needs with the following features and benefits:

Kotak My Family Savings Account Features
Net Banking & Mobile Banking Available
Debit Card Classic or Platinum Debit Card
Interest Rate Up to 2.50%
ATM Transaction Charges Free ATM usage for Pro and Ace savings account holders
Eligibility Criteria Resident Indians, Hindu Undivided Families (HUFs), Foreign Nationals Residing in India
  1. Classic Savings Account
Kotak Classic Savings Account Features
Average Monthly Balance (AMB) Rs. 10,000
Debit Card Free Classic Debit Card
Interest Rate Up to 2.50%
Withdrawal Limit / Purchase Limit ATM Withdrawal Limit Rs. 50,000 / Daily Purchase Limit Rs.1.5 lakh
Eligibility Criteria Resident Indians, Hindu Undivided Families (HUFs), Foreign Nationals Residing in India
  1. Sanman Savings Account

Sanman Savings Account offers secure access to all your banking requirements with low maintenance fees. Let’s look at the features and benefits of Sanman Account below:

Kotak Sanman Savings Account Features
Average Quarterly Balance (AQB) Rs. 2,000
ATM Cash Withdrawal Charges Free (at Kotak Bank ATMs)
Interest Rate Up to 2.50%
Withdrawal Limit / Purchase Limit ATM Withdrawal Limit Rs. 50,000 / Daily Purchase Limit Rs.1.5 lakh
Eligibility Criteria Resident Indians, Hindu Undivided Families (HUFs)
  1. Ace Savings Account
Kotak Ace Savings Account Features
Average Monthly Balance (AMB) Rs. 50,000
Auto Sweep Facility Available
Interest Rate Up to 2.50%
Debit Card Free Platinum International Debit Card
Eligibility Criteria Resident Indian, Hindu Undivided Families (HUFs), Foreign Nationals Residing in India
  1. Grand Savings Account

A Grand Savings Programme by Kotak Mahindra Bank is for individuals aged 55 years or more with privilege banking benefits. The features and benefits are as follows:

Kotak Grand Savings Programme Features
Overdraft Facility Available
Auto Sweep Facility Available
Interest Rate Up to 2.50%
Credit Card Kotak Aqua Credit Card
Eligibility Criteria Benefits available to Indian residents aged 55 years or above
  1. Alpha – The Savings & Investment Programme
Alpha – The Savings & Investment Programme Features
Non-maintenance charges No Charges (waived)
Annual Charges of Investment Account No Annual Chargs (Waived)
Locker rentals 15% discount with Ace
Debit Card Available

*At present, Kotak Mahindra Bank savings account offers 2.50% per annum interest on both balances up to and over Rs.1 lakh. 

  1. Nova Savings Account
Kotak Nova Savings Account Features
Average Monthly Balance (AMB) Rs. 5,000
Auto Sweep Facility Available
Interest Rate Up to 2.50%
Debit Card Classic Debit Card
Eligibility Criteria Resident Indian, Hindu Undivided Families (HUFs), Foreign Nationals Residing in India
  1. Silk Women’s Savings Account

Kotak Mahindra Silk Women’s Savings Account is specially crafted savings account for women. It comes with the following features and benefits:

Kotak Silk Women’s Savings Account Features
Silk ATM Withdrawal limit Rs. 40,000 Domestic

Rs. 50,000 International
Silk POS Limit Rs.2 lakh
Interest Rate Up to 2.50%
Debit Card Kotak Silk Debit Card
Eligibility Criteria Resident Indian Women en above 18 years of age (Sole or Joint Account)
  1. BSBDA/Small Account
Kotak BSBDA/Small Savings Account Features
Average Monthly Balance (AMB) Zero Balance Savings Account
Fund Transfer Up to 4 withdrawals in a month – Free
Interest Rate Up to 2.50%
Debit Card Classic Debit Card

Documents Required for Opening a Savings Account with Kotak Mahindra Bank

The documentation for Kotak Mahindra Bank savings account is listed below. You need to carry latest passport size photographs, photocopy of the documents (with their originals) and are required to be presented at the time of submitting the account opening form.

Documents Required for Opening a Kotak Mahindra Bank Savings Account (For Individual)
Proof of Identity (Any one or two) Proof of Address (Any one or two)
Aadhaar card Electricity bill / telephone bill
PAN card Bank account statement
Voter’s identity card Letter from any recognised public authority
Passport Rent agreement indicating the address of the customer accordingly registered with state government or similar registration authority
Driving license Ration card
Job card issued by NREGA duly signed by authorised officer of the state government Letter issued from employer (satisfaction of the bank)
Letter from a recognised public servant or public authority verifying the identity and residence of the customer to the satisfaction of the bank
Documents required for account of minor
If his / her guardian is appointed by the court then order of the same is required
In case the keeper is illiterate, birth date certificate of the minor from a competent authority
Foundations and trusts
Power of attorney granted to transact business on itself
Any officially valid documents to identify the trustees, beneficiaries, settlers and to those holding power of attorney, founders, managers, directors and their addresses
Telephone bill
Resolution of the managing body of the association or foundation

Note: This is not an exhaustive list. The bank may ask for additional documents as deemed necessary depending upon your individual applicant profile and the savings account type that you wish to avail.

Applying for a Offline Savings Account from Kotak Mahindra Bank

If you want to open any of the offline savings accounts from Kotak Mahindra Bank which are listed above, then you can do so by visiting the nearest Kotak Mahindra Bank’s branch. In case of any queries, you can even contact them using the phone banking numbers mentioned below:

Phone Banking Numbers
1860 266 2666

In case of any emergencies like fraud reporting or card Hot listing, you can call them 24×7 on 1800 209 0000

 
For Kotak 811

1860-266-0811

Between 9:30 a.m. to 6:30 p.m., Mon to Sat (except holidays)
Phone Banking services from outside India (Toll Free)

USA – 1855-3656767

Australia – 001180044990000

Hong Kong – 00180044990000

U.K – 0080044990000

Canada – 18557684020

Singapore – +658001013054

UAE – 80001830148

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.

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