What kinds of fees do banks typically charge?

Apart from interest, banks might impose charges for not maintaining the required balance, debit card issuance and maintenance, additional cheque books, specific online transfers, excessive cash transactions, and bounced cheques.

What are the fees for a savings account?

A savings account might have fees related to balance maintenance, debit card usage, cheque books, and specific online transactions.

Are savings accounts chargeable?

Typically, no. However, not adhering to certain conditions, like maintaining a minimum balance, can lead to fees or penalties charged.

Do all banks charge a monthly fee for savings accounts?

Not all, but some might, especially if you fail to meet certain criteria like the required minimum balance.

What is the highest ATM fee?

Usually there is no fee for making transactions through an ATM. However, using an out-of-network ATM may cost you.

Do banks charge for bank transfers?

Mostly, yes. Online transfers like NEFT, RTGS, and IMPS have associated charges based on the amount and type of transfer.

Kotak811 Savings Account Fees and Charges

Fees & Charges

Compare fees and charges related to your Kotak811 account

811 Zero Balance

811 Edge

Average Monthly Balance (AMB)

Zero

₹10,000

Pre-KYC 811 Lite & 811 Limited - ₹0

Non-maintenance charges

Zero

6% of shortfall in AMB or ₹500*

Pre-KYC 811 Lite & 811 Limited - ₹0

*whichever is lower

Digital fund transfer

NIL Charges

Pre-KYC 811 Lite - Outgoing transfer Unavailable

Pre-KYC 811 Limited - NEFT/IMPS: Free | RTGS unavailable

Branch transactions

As per transaction amount

View Details

Pre-KYC 811 Lite & 811 Limited - Unavailable

Cash transactions (Deposit and withdrawal) at branch or deposits at Cash Deposit Machines

NIL charges for 1 transaction per month

NIL charges for up to 4 transactions per month

View Details

View Pre-KYC charges

Virtual Debit Card

NIL Charges

Unavailable

Pre-KYC 811 Lite - Prepaid Card

Pre-KYC 811 Limited - Free

Physical debit card (Available on request) Issuance and replacement fees (incl. taxes)

Classic

₹299/year

Platinum

₹235/year

Pre-KYC 811 Lite - Unavailable

Pre-KYC 811 Limited -₹299/year

Image debit card (Available on request) Issuance and replacement fees (incl. taxes)

Image fee

₹235

Annual fee

₹299

Image fee

₹235

Annual fee

₹299

View Pre-KYC charges

Transactions at Kotak ATMs

NIL charges for 5 transactions per month

NIL charges for unlimited transcations

View Details

View Pre-KYC charges

Transactions at Non-Kotak ATMs

NIL charges for 3 transactions per month

View Details

View Pre-KYC charges

Transactions at International ATMs

Financial: ₹150/ transaction Non-financial: ₹25/transaction

View Pre-KYC charges

Transactions declined at merchant outlets/websites due to insufficient balance

₹25/transaction

Pre-KYC 811 Lite - Unavailable

Pre-KYC 811 Limited -₹25/transaction

Cardless cash withdrawal transaction (txn)

NIL charges for 1 transaction per month

Over 1 txn - ₹10/txn

NIL charges for 1 transaction per month

Over 1 txn - ₹10/txn

Pre-KYC 811 Lite - Unavailable

Pre-KYC 811 Limited -₹10/txn after 1st free transaction

DD/Pay order for non-senior citizen Min charge - ₹50; Max charge - ₹10,000

₹4 per ₹1000

Pre-KYC 811 Lite & 811 Limited - Unavailable

DD/Pay order for senior citizen Min charge - ₹50; Max charge - ₹10,000

₹3 per ₹1000

Pre-KYC 811 Lite & 811 Limited - Unavailable

FCY • DD / TT / Cheque collection / Revalidation / Cancellation / FCY cheque deposited and returned

₹500

Pre-KYC 811 Lite & 811 Limited - Unavailable

At-par cheque book charges (min. 25 leaves)

₹3/cheque leaf

Pre-KYC 811 Lite & 811 Limited - Unavailable

ECS / Cheque issued & returned (due to non-availability of funds)

₹500/instance

Pre-KYC 811 Lite & 811 Limited - Unavailable

Cheque issued & returned for non-financial reasons

₹50/instance

Pre-KYC 811 Lite & 811 Limited - Unavailable

ECS mandate verification

₹50/instance

Pre-KYC 811 Lite & 811 Limited - Unavailable

SI failure

₹200/instance

Pre-KYC 811 Lite & 811 Limited - Unavailable

Cheque deposited and returned (INR)

₹200/instance

Pre-KYC 811 Lite & 811 Limited - Unavailable

Branch requests For non-senior citizens

₹100/request

Pre-KYC 811 Lite & 811 Limited - Unavailable

DD cancellation at branch For senior citizens

NIL Charges

Pre-KYC 811 Lite & 811 Limited - Unavailable

Foreign Inward Remittance Certificate (FIRC) at branch For senior citizens

₹100/request

Pre-KYC 811 Lite & 811 Limited - Unavailable

Other branch requests For senior citizens

₹75/request

Pre-KYC 811 Lite & 811 Limited - Unavailable

Email statements

NIL Charges

Pre-KYC 811 Lite & 811 Limited - Free

Physical statements

₹100/request

Pre-KYC 811 Lite & 811 Limited - ₹100/ request

Balance transactions & value-added alerts (Daily/Weekly)

₹0.5/SMS

Pre-KYC 811 Lite & 811 Limited - ₹0.5/SMS

Home Banking Service (Not valid for Ahmedabad and Kolkata)

Cash/Instrument Pick Up/ Delivery: ₹150/visit

Pre-KYC 811 Lite & 811 Limited - Unavailable

TOD

₹500

Pre-KYC 811 Lite & 811 Limited - Unavailable

Cheque purchase Min charge - ₹50; Max charge - ₹10,000

₹0.5 per ₹1000

Pre-KYC 811 Lite & 811 Limited - Unavailable

PIN generation/change via courier

₹100/request

Pre-KYC 811 Lite & 811 Limited - ₹100/request