Verified Bank Tariff
Kotak Mahindra Bank Limited Charges & Fees
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.
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.
Verified Fee Categories for Kotak Mahindra Bank Limited
Account closure
1 checked entry
IMPS
1 checked entry
Locker
1 checked entry
Minimum balance
2 checked entries
NEFT
1 checked entry
Other charge
1 checked entry
Kotak Mahindra Bank Limited
Account closure charges
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
Kotak Mahindra Bank Limited
IMPS charges
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
Kotak Mahindra Bank Limited
Locker charges
Retail Banking Service Charges · Branch
Category D (Smallest): ₹1,000.00 · Category C (Small): ₹2,200.00 · Category B (Medium): ₹2,500.00 · Category A (Large): ₹3,300.00 · Category A+ (Extra Large): ₹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
Kotak Mahindra Bank Limited
Minimum balance charges
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
Kotak Mahindra Bank Limited
NEFT charges
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
Kotak Mahindra Bank Limited
Other bank charges
Kotak 811 Zero Balance Digital Savings Account · Other
₹0 (Free)
Trigger Condition
Kotak 811 Virtual Debit Card only.
Verified on 2026-08-15
What Kotak Mahindra Bank Limited prints on your statement
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.
Disputing a Wrongful Charge at Kotak Mahindra Bank Limited
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)
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?
Debit card maintenance charges at Kotak Mahindra Bank Limited are billed annually based on card variant plus 18% GST.
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).