Verified Bank Tariff
Kotak Mahindra Bank Limited Charges & Fees
- Charges verified
- 11
- 11 checked rules · 9 fee categories · 3 account variants
Complete official Schedule of Charges for Kotak Mahindra Bank Limited. Every fee entry is backed by verified citations, 18% GST treatment, waiver conditions, and RBI dispute rights.
At a glance
Kotak Mahindra Bank Limited’s own figures, before GST. Tap a figure for its source.
- SMS alerts
Not verified yet
No official figure checked for this bank.
- Demand draft
Kotak Mahindra Bank Limited, Demand draft
From Kotak Everyday Savings Account — Complete Fees and Charges
Verified
Bank’s figure
Free
- RTGS
Not verified yet
No official figure checked for this bank.
- IMPS
Bank’s figure
Free
- NEFT
Bank’s figure
Free
- Minimum balance
Kotak Mahindra Bank Limited, Minimum balance
From Kotak Everyday Savings Account — Basic Service Fees
Verified
Bank’s figure
Mid vs 11 banks
- Cheque return
Kotak Mahindra Bank Limited, Cheque return
From Kotak Everyday Savings Account — Complete Fees and Charges
Verified
Bank’s figure
Low vs 7 banks
- Locker rentKotak Mahindra Bank changed this page on 5 October 2026; this figure hasn't been re-confirmed since. Check the official page ↗
Kotak Mahindra Bank Limited, Locker rent
From Kotak Mahindra Bank — General Schedule of Features and Charges (Safe Deposit Lockers)
Verified
Top rate · from ₹1,000
Low vs 9 banks
Verified Fee Categories for Kotak Mahindra Bank Limited
Account closure charges1 checked entry
Everyday Savings Account · Branch
₹0 (Free)
Trigger Condition
Applies to all Kotak Everyday Savings and Kotak 811 accounts closed at branch or online.
Verified on 2026-08-25 · Effective: 2026-03-01
Cheque charges2 checked entries
Everyday Savings Account · Branch
25 cheque leaves free per year, then Rs3 per leaf (₹3.00 per cheque leaf after 25 free)
Trigger Condition
Kotak Everyday Savings Account; annual free-leaf allowance followed by the per-leaf rate.
Verified on 2026-09-17
Everyday Savings Account · Cheque
₹500.00
Trigger Condition
Kotak Everyday Savings Account; cheque issued by the customer and returned for insufficient funds.
Verified on 2026-09-17
Debit card charges1 checked entry
Kotak 811 Zero Balance Digital Savings Account · Other
₹0 (Free)
Trigger Condition
Kotak 811 Virtual Debit Card only.
Verified on 2026-08-15
Demand Draft charges1 checked entry
Everyday Savings Account · Branch
₹0 (Free)
Trigger Condition
Kotak Everyday Savings Account; demand draft amount up to Rs1 lakh. The higher amount band uses a formula and is deliberately excluded.
Verified on 2026-09-17
ECS / NACH return charges1 checked entry
Everyday Savings Account · General
First return: ₹500.00 · Second return onward: ₹550.00
Trigger Condition
Kotak Everyday Savings Account; ECS/NACH debit return by occurrence. The official row does not state a monthly reset, so none is inferred.
Verified on 2026-09-17
IMPS charges1 checked entry
Kotak 811 Zero Balance Digital Savings Account · Other
₹0 (Free)
Trigger Condition
Kotak 811 only; online transfer context from the official product page.
Verified on 2026-08-15
Locker charges1 checked entry
Retail Banking Service Charges · Branch
Category D (Smallest) — All Branches: ₹1,000.00 · Category C (Small) — All Branches: ₹2,200.00 · Category B (Medium) — All Branches: ₹2,500.00 · Category A (Large) — All Branches: ₹3,300.00 · Category A+ (Extra Large) — All Branches: ₹4,200.00
Trigger Condition
Safe Deposit Lockers at Kotak Mahindra Bank branches. Rent collected annually in advance.
Verified on 2026-08-25 · Effective: 2026-03-01
Minimum balance charges2 checked entries
Kotak 811 Zero Balance Digital Savings Account · General
₹0 (Free)
Trigger Condition
Kotak 811 Zero Balance Digital Savings Account only.
Verified on 2026-08-15
Everyday Savings Account · General
6% of shortfall, max ₹500.00
Trigger Condition
Kotak Everyday Savings Account. Required AMB: INR 10,000.
Verified on 2026-08-09
NEFT charges1 checked entry
Kotak 811 Zero Balance Digital Savings Account · Other
₹0 (Free)
Trigger Condition
Kotak 811 only; online transfer context from the official product page.
Verified on 2026-08-15
What Kotak Mahindra Bank Limited prints on your statementStatement narrations · 5 decoded
5 narrations decoded against Kotak Mahindra Bank Limited's own schedule of charges — the plain-English and Hinglish meaning, the exact amount including GST, and how to avoid it.
ACCT CLOSURE CHGA fee for closing your account within a defined period after opening it.
DEBIT CARD FEEA one-time fee charged when a debit card is issued to you.
IMPS CHGA charge on an IMPS instant transfer.
LOCKER RENTAnnual rent for a safe deposit locker. The amount depends on locker size and branch location.
NEFT CHGA charge on an outward NEFT transfer. Under RBI rules NEFT sent through internet or mobile banking on a savings account carries no charge.
Annual Account Leakage AuditHow much is Kotak Mahindra Bank Limited quietly deducting every year?
How much is Kotak Mahindra Bank Limited quietly deducting from your account every year?
Run our 60-second audit to total the charges we can trace to published tariff documents.
Official Kotak Mahindra Bank Limited tariff documentsThe bank’s own Schedule of Charges and website
Disputing a Wrongful Charge at Kotak Mahindra Bank LimitedDispute & Refund Assistance · RBI three-level route
Under Reserve Bank of India (RBI) consumer protection directives, account holders have statutory rights to claim refunds for unauthorized debits, failed ATM transactions, or penalties debited without prior notification.
Branch / Helpdesk Ticket
Email Kotak Mahindra Bank Limited customer service quoting the transaction ID and account details. TAT: 7 working days.
Principal Nodal Officer
If unresolved within 7 days, escalate to Kotak Mahindra Bank Limited's Principal Nodal Officer (PNO). TAT: 14–30 days.
RBI Banking Ombudsman
Lodge a statutory complaint on the RBI CMS Portal (cms.rbi.org.in) if rejected or delayed past 30 days.
Need a pre-filled grievance email draft for AMB penalties or debit card AMC?
Open Dispute Letter GeneratorFrequently Asked Questions (Kotak Mahindra Bank Limited)4 questions
What is the minimum balance (AMB) requirement in Kotak Mahindra Bank Limited?
In Kotak Mahindra Bank Limited, the minimum average balance (AMB/MAB) varies by account tier and branch location. Regular savings accounts in metros typically require maintaining the published threshold, while salary accounts and BSBDA zero-balance accounts have ₹0 AMB requirements.
What are the debit card annual maintenance charges (AMC) for Kotak Mahindra Bank Limited?
Annual debit card charges at Kotak Mahindra Bank Limited depend on the issued card variant (Classic, Platinum, Millennia, or Signature) plus 18% GST. Customers can also request basic RuPay Classic cards which feature nil or minimal AMC under RBI financial inclusion norms.
Can Kotak Mahindra Bank Limited deduct minimum balance penal charges without sending an SMS?
No. Under RBI Master Direction (DBOD.No.Leg.BC.21/09.07.006/2015-16), Kotak Mahindra Bank Limited is legally mandated to notify the customer via SMS or email giving them a 30-day notice window to restore their balance before any penalty can be debited. If debited without prior notification, you are entitled to a full reversal.
How do I dispute a wrongful fee or charge deducted by Kotak Mahindra Bank Limited?
To dispute a wrongful deduction at Kotak Mahindra Bank Limited: (1) Send an email to the Branch Manager / Customer Service citing the relevant RBI circular and transaction ID. (2) If unresolved within 7 days, escalate to Kotak Mahindra Bank Limited's Principal Nodal Officer (PNO). (3) If unresolved after 30 days, lodge a complaint with the RBI Banking Ombudsman via the CMS portal (cms.rbi.org.in).