General Schedule of Features & Charges (GSFC)
For Retail Current Accounts (w.e.f. 01st May, 2025)
Particulars Standard Charges (in Rs.) Product Level NIL Charges Limits & Charges (in Rs.)
Product Name Neo (CANEO)
##
Edge (CAEDG) Pro (CAPRO) Elite (CAELT) Ace (CAACE) Astra 5 (CASTA) Astra 15 (CASTC)
Average Quarterly Balance (AQB) in Rs. 10,000 25,000 50,000 1,00,000 2,50,000 5,00,000 15,00,000
Remittances/Payments:
Payable at Branch 1/1000 NIL Charges up to NIL Charges up to NIL Charges up to
Locations (Min 50 Max 5000) * * 15 DD/ BC p.m.; 30 DD/ BC p.m.; 50 DD/ BC p.m.; NIL Charges NIL Charges
Demand Draft/ Banker's thereafter Std Chrgs thereafter Std Chrgs thereafter Std Chrgs
Cheque Payable at Non- branch 2/1000 NIL Charges up to NIL Charges up to
Locations (Min 50 Max 5000) * * * 10L p.m.; thereafter 30L p.m.; thereafter NIL Charges NIL Charges
Std Chrgs Std Chrgs
RTGS Applicable only if done 2 - 5 L: 20/ txn; * * * NIL Charges NIL Charges NIL Charges NIL Charges
in Branch > 5 L: 40/ txn
Applicable only if done Up to 10k: 2/txn; >
NEFT** in Branch 10K to 2L: 4/txn * * * NIL Charges NIL Charges NIL Charges NIL Charges
>2 L: 24/txn
IMPS Up to Rs. 100000: Rs. 5 / txn * * * NIL Charges NIL Charges NIL Charges NIL Charges
Above Rs. 100000: Rs. 15 / txn
Upto 500 leaves/p.m. NIL Charges for 1st NIL Charges up to NIL Charges up to NIL Charges up to
Cheque Book Default Cheque Book is - 2/leaf; Above 500 Chq Book 50 cheque 200 cheque leaves 300 cheque leaves NIL Charges NIL Charges NIL Charges
Payable At-par Only leaves/p.m. - 3/leaf (25 leaves); leaves p.m.; p.m., then Std p.m., then Std
then Std Charges then Std Charges Charges Charges
Home Banking:
Up to 2L: Rs. 875/-
Rs. 2L to Rs. 6L: Rs. 1,475/-
Rs. 6.01L to
On Call Requests Cash Pick-up or Rs. 10L: Rs.2,475/-
Delivery^ (per request): Rs.10.01L to * * * * * * *
Rs. 20L: Rs.4,075/-
Rs.20.01L to
Rs.100.00L: Rs.6,675/-
Cheque Pick-up/DD Nil charges up to 3 Nil charges up to 5 Nil charges up to 7
Delivery Rs 75/- per request * * * req per month there req per month there req per month there Nil Charges
after Std Charges after Std Charges after Std charges
Up to Rs 50,000: Rs.5K
Rs.50K to Rs.1L: Rs.6K
Rs.1L to Rs.2L: Rs.7.5K
Rs.2L to Rs.4L: Rs.10K
Rs.4L to Rs.6L: Rs.15K
Beat Service Cash Pickup Rs.6L to Rs.8L: Rs.20K
Per Location & Per Month * * * * * * *
Rs.8L to Rs.10L: Rs.25K
Rs.10L to Rs.15L: Rs.35K
Rs.15L to Rs.20L: Rs.40K
Rs.20L to Rs.50L: Rs.50K
Rs.50L to Rs.100L: Rs.75K
Particulars Standard Charges (in Rs.) Product Level NIL Charges Limits & Charges (in Rs.)
Product Name Neo## (CANEO) Edge ( CAEDG) Pro ( CAPRO) Elite (CAELT) Ace (CAACE) Astra 5 (CASTA) Astra 15 (CASTC)
Average Quarterly Balance (AQB) in Rs. 10,000 25,000 50,000 1,00,000 2,50,000 5,00,000 15,00,000
Beat Service Cheque Pick-up 500 p.m. 300 p.m. 300 p.m. 300 p.m. NIL Charges NIL Charges NIL Charges NIL Charges
Cash Deposit & Withdrawal:
NIL Charges up to NIL Charges up to NIL Charges up to NIL Charges up to NIL Charges up to
10 times of prev 10 times of prev 10 times of prev 10 times of prev 10 times of prev
Cash Deposits At Home Branch & non Rs. 3.5/1000 NIL Charges up to NIL Charges up to month's avg credit month's avg credit month's avg credit month's avg credit month's avg credit
Home Branch Location@ Min 50 per txn 2L p.m.; 4L p.m.; balance, Max. 1 Cr balance, Max. 2.5 balance, Max. 4 Cr balance, Max. 10 balance, Max. 20
thereafter Std Chrgs thereafter Std Chrgs p.m. thereafter Cr p.m. thereafter p.m. thereafter Cr p.m. thereafter Cr. p.m. thereafter
Std charges Std charges Std charges Std charges Std charges
NIL Charges up to NIL Charges up to NIL Charges up to NIL Charges up to NIL Charges up to NIL Charges up to NIL Charges up to
Cash Withdrawal For Non - home Branch Rs. 2/1000 10K per day; 25K per day; 50K per day; 1L per day; 2.5L per day; 5L per day; 7.5L per day;
Locations Min 50 per txn thereafter std thereafter std thereafter std thereafter std thereafter std thereafter std thereafter std
charges charges charges charges charges charges charges
Automated Teller Machine (ATM): Kotak ATM Txn - Nil Charges up to 5 Transaction
^^VISA ATMs usage charges Non Financial Txn 8.50 per txn
* * * NIL Charges NIL Charges NIL Charges NIL Charges
- Domestic Cash Withdrawal 21 per txn
Non Financial Txn 25 per txn * * * * * * *
VISA ATMs - International
Cash Withdrawal 150 per txn * * * * * * *
Txn declined at merchant
outlets/website/ATM, Insufficient Funds 25 per txn * * * * * * *
due to insufficient Balance
Debit Card:
Account Related
NIL Charges for 1st NIL Charges for NIL Charges for
Debit Card Charges Annual Fee Rs. 259 p.a. * * * * Year thereafter 1st Year thereafter 1st Year thereafter
Rs. 259 p.a. Rs. 259 p.a. Rs. 259 p.a.
Other Charges:
If AQB < 50% of the 1200 1500 2500 5000 7000 8000 8000
Non maintenance required Product AQB
AQB Non - maintenance <> charges per quarter If AQB >=50% but
< 100% of the required 750 900 1500 3000 4000 5000 5000
Product AQB
Cheque Returns <>
Cheques Deposited & Nil charges up to Nil charges up to Nil charges up to Nil charges up to Nil charges up to
Returned (Outward) Local & Out-station Rs. 100 per Cheque * * 5 p.m.; thereafter 7 p.m.; thereafter 10 p.m.; thereafter 10 p.m.; thereafter 10 p.m.; thereafter
Std Charges Std Charges Std Charges Std Charges Std Charges
Cheques Issued & Returned
(Inward) and ECS Financial Reasons Rs. 500/instance * * * * * * *
returns
ECS returns Financial Reasons Rs. 500/instance * * * * * * *
Particulars Standard Charges (in Rs.) Product Level NIL Charges Limits & Charges (in Rs.)
Product Name Neo## (CANEO) Edge ( CAEDG) Pro ( CAPRO) Elite (CAELT) Ace (CAACE) Astra 5 (CASTA) Astra 15 (CASTC)
Average Quarterly Balance (AQB) in Rs. 10,000 25,000 50,000 1,00,000 2,50,000 5,00,000 15,00,000
SMS Alerts & Updates
SMS - Rs. 0.50 per SMS 50% Discount on
Balance (Daily/Weekly), Txn & Value Added Alerts Email - Nil charges * * * Std. charges NIL Charges NIL Charges NIL Charges
(Rs. 0.25 per SMS)
Charges Common for All Products
Account Statements (Through Email - Nil charges)
At Branch/ Phone <=365 Days: Rs.100 * * * * * * *
Ad- hoc Statements Request Banking >365 Days: Rs. 200 * * * * * * *
On Net Banking/ ATM Rs. 50 * * * * * * *
Foreign Currency Payments & Collections
DD Issuance/DD Cancellation /DD Revalidation/ Rs. 500 * * * * * * *
Cheque Collection
Corr Bank Chrgs Borne Rs. 250 * * * * * * *
by Beneficiary
TT Transfer ~
Corr Bank Chrgs Not Rs. 1000 * * * * * * *
Borne by Beneficiary
Cheque Deposited and Returned ~ / Cheque Issued Rs. 1000 * * * * * * *
and Returned ~ <> (Financial Reasons)
Miscellaneous Charges
Fund Transfer Return Financial Reasons Rs. 300 * * * * * * *
Cheque Purchase Charges Rs. 0.5/1000/Day * * * * * * *
Travelers Cheque Encashment ~ 1% of TC Amount * * * * * * *
Mandate Registration Charges Rs.50/Instance * * * * Nil Charges Nil Charges Nil Charges
Stop Payment Rs.100 Per Request * * * * * * Nil Charges
Standing Instruction Failure Rs.100 * * * * * * *
TDS Certificate(Duplicate only) Rs. 200/Request * * * * * * *
Solvency Certificate Rs. 10000 * * * * * * *
TOD Charges Rs. 500 * * * * * * *
Authorised Dealer Code Letter Rs. 500 per request * * * * * * *
GST on Foreign Currency Conversion Charges (FCY) ~
Value of purchase or sale of Foreign Currency Value on which GST rate will be applicable
Up to 1,00,000 1% of the gross amount of currency exchanges or minimum of Rs.250/-
Above Rs.1,00,000/- to Rs.10,00,000/- 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.
Above Rs.10,00,000/- Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/-
Particulars Standard Charges (in Rs.) Product Level NIL Charges Limits & Charges (in Rs.)
Product Name Neo## (CANEO) Edge ( CAEDG) Pro ( CAPRO) Elite (CAELT) Ace (CAACE) Astra 5 (CASTA) Astra 15 (CASTC)
Average Quarterly Balance (AQB) in Rs. 10,000 25,000 50,000 1,00,000 2,50,000 5,00,000 15,00,000
Privy Debit Card Charges: -
Card Type Charges Card Type Charges Card Type Charges Card Type Charges
Platinum Card, Signature Cards & Business Cards Rs.750 p.a Neon Debit Card & Private Banking Rs.1500 p.a LED Card Rs.2500 p.a Black Metal Card Rs.5000 p.a
Infinite Card
Services Offered at "NIL CHARGES"
1. Out-station Cheque (Cheques drawn on non-speed clearing branches) 6. Interest Statement & DD/BC Cancellation & Revalidation
2. Debit Card Replacement (Lost / Stolen Card) 7. Signature Verification Address Confirmation
3. Bank Statement Weekly (Physical),Annual Combined Statement,Balance Statement (Other than 31st March) 8. Record retrieval charges & Photo Attestation
4. PIN Regeneration at ATM/ Net Banking/ Phone Banking, 9. Confidential Report & Credit Confirmation
5. Standing Instruction - Set-up/ Amendment 10. Account Closure Charges (Customer Induced Closure)
11. IMT - Instant Money Transfer (Cashless Card Withdrawal)
Below Scheme codes to follow Applicable GSFC as mentioned below :
Scheme Code Scheme Description Applicable Scheme Applicable Scheme Scheme Code Scheme Description Applicable Scheme Applicable Scheme
Code Description Code Description
CAOTH Current Account - Others CAORA Orange Current Account
CANOE Neo Current Account CANEO Neo Current Account CAELI Elite Current Account
CAGCA CA General Current Account CAAML Activ Money Lite Current Account CAELT Elite Current Account
MRCLA Classic 2.0 Current Account CAAEP Elite Plus Current Account
TRCLA Trader Classic Current Account CACLC Classic Current Account CAELP Elite Plus Current Account
CACSL Classic Current Account CAGTE GTA Elite Current Account
CATRC Trader Classic CAADV Advantage Current Account
MREDG Edge 2.0 Current Account TRPCA Trader Pro Current Account
CACOM Comfort Current Account CAEDG Edge Current Account CAFLX Flexi Current Account
CAEGE Edge Current Account CAAPP Pro Plus Current Account
CAPPA Kotak Political Parties Current Account CATRP Traders Pro Current Account CAPRO Pro Current Account
CAACP Ace Plus Current Account CAPOR Pro Current Account
CAAMR Activ Money Current Account CAGTP GTA Pro Current Account
CAPAC Kotak Ace Plus Current Account CAACE Ace Current Account CAPRP Pro Plus Current Account
CAGTA GTA Ace Current Account CABPR Business Pro Current Account
CAACA Ace Current Account CAAMP Activ Money Preimum Current Account
CAASA Astra 25 CASTC Astra 15 Current CAPLT Current Account - Platina
Account CASTB Astra 10 Current Account CASTA Astra 5 Current
CAAST Astra 5 Account
CAASR Astra 10
Schemes with Additional Condition
Scheme Code Scheme Description Applicable Scheme Applicable Scheme Additional Remark
Code Description
CASFL Safalta Current Account CANEO Neo Current Account AQB of Rs 5,000 and Non-maintenance charges : AQB <2500 : Rs. 1,000 per quarter, AQB >=2500 : Rs. 500 per quarter
ODAGR Agri Finance Overdraft Account CAELT Elite Current Account NIL AQB. Cash Deposit offered at NIL charges up to INR 20 lakh per month and there after standard charges will be applicable.
CACLC Classic Current Account CAPRO Pro Current Account Available for Rural / Semi-urban branches with reduced AQB Rs 10,000.
ODINS Instant Personal Loan Overdraft CAPRO Pro Current Account NIL AQB. 2 times of ADB ( Average Debit Balance) OR 1 lacs p.m whichever is higher
CASYN Kotak Synergy Current Account CAEDG Edge Current Account Reduced AQB of Rs 10,000.
ODPBB Privy Business Banking Account
ODPER Personal OD Account CAPRO Pro Current Account NIL AQB. Cash Deposit 5 times of ACB ( Avg Credit Balance) OR 2 times of ADB ( Average Debit Balance) OR 6 lacs p.m
CASOD Salaried Overdraft Current Account whichever is higher.
ODRET Retail Overdraft Account
ODLOG Kotak Logistics Overdraft Account
CABFA Business Finance Current Account
CAPPV Business Plus Current Account
CABUS Business Current Account CAELT Elite Current Account NIL AQB. Cash Deposit offered at NIL charges up to INR 10 lakh per month and there after standard charges will be applicable.
ODRFD Overdraft against fixed deposit - applicable.
Resident Account
CHLOD Business Vintage Current Account
CARER Special RERA 30% Account CAPRO Pro Current Account NIL AQB
Please Note:
1 Classic Card will not be available to customers whose Current Account has been opened with Kotak Bank post 20th Dec,2011. Charges against Classic Card will be same as that of Business Gold
Coin Deposit charges: "Nil Charges" upto deposit value of Rs 50 ; Beyond Rs 50 per instance, 5% on entire amount of coins deposited will be charged. Low Denomination Charges: 0.5% of the value above Rs 5000 deposit
per instance; Only Rs 10 and Rs 20 notes will be considered.
SMS Alerts & Updates: - Mandatory Alerts will not be charged
Home Banking (On Call & Beat Service) - Offered at select locations. Maximum slab avaliable for cash pick up is up to 100 lacs only. Lower denomination (value equal to or less than Rs. 50 ) notes and coins will not be accepted.
^Home Banking Beat Cash Service charges will be charged as per agreed Contractual Slab on a monhtly basis. The charges are applicable per month & per location basis
Non financial Txn under debit card section includes Balance enquiry, Mini Statement & PIN Change.
^^Debit Card Transaction eligibilty Five free transactions (inclusive of financial and non-financial transactions) every month from own bank ATMs. From other bank ATMs (inclusive of financial and non-financial transactions)
free three transactions per month in metro centres and five transactions in non-metro centres.
Top 6 Cities#+ Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad
* Indicates Standard Charges are Applicable
Abbreviations Used: For all value figures L=Lakhs & K=Thousand; Chq = Cheque; Std = Standard; Chrg = Charge; Txn=Transaction; p.m.=per month; p.a.=per annum; Avg=Average; FCY= Foreign Currency; FT=Fund Transfer;
Corr=Correspondent; TOD=Temporary Overdraft; w/o= without
"NIL Charges" are not applicable for Current Accounts Maintaining Less than 75% of the Required Product AQB:
Product wise limits offered on cash deposit with "NIL Charges" shall be applicable only if the Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product AQB; else standard charges
shall apply as per the GSFC in effect. Additionally, AQB non-maintenance charge will also be applicable as mentioned in GSFC.
"Dynamic Currency Conversion (DCC) markup fee of 1% plus GST will be applicable on Kotak Bank Debit Cards w.e.f. Nov 01, 2024. DCC markup fee will be applicable on all ATM, POS/ In-store or Online transactions.
1. Transactions done in Indian currency (INR) at international locations
2. Transactions done in Indian currency (INR) with merchants located in India but registered in an international location"
**Indo - Nepal Remittance Scheme (NEFT Charges):
If beneficiary maintains an account with Nepal SBI Bank Ltd (NSBL): Rs 25 per txn (incl all taxes)
If beneficiary does not maintain an account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75 per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes)
# Applicable for all transactions which involve foreign currency conversion. This charge is applicable from May 16, 2008 as per the CBDT Circular
~ Any purchase / sale of foreign exchange will attract GST on the gross amount of currency exchanged as per GST on Foreign Currency Conversion Charges (FCY) table above
Please note any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs 300/- per rejection.
## Neo Current Account is available in select locations only.
*Nil charges on Transaction and Value added SMSalerts to the customers who have subscribed for Daily/Weekly balance alert facility.
*Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent without any charges, even if Daily/Weekly Balance SMS alerts facility has not been subscribed.
The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA/Master Card wholesale exchange rate prevailing at the time of
transaction.
<> Indicates penalty charges
Charges are exclusive of the Goods and Service Tax (GST). With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
"State Government taxes / Cess as applicable shall be charged”
W.e.f 1st July,2020; threshold as well as Rate of TDS applicable for CASH withdrawal will dependent on submission of proof of Income Tax Return filed. Revised TDS rates will be as under:
Aggregate Cash Withdrawals in all accounts in a Financial Year Income tax Return copy Income tax Return copy NOT
Submitted to Bank Submitted to Bank
Upto Rs.20 Lakhs Nil Nil
Rs.20 lakhs to Rs. 1 crore Nil 2%@
In Excess of Rs. 1 crore 2%@ 5%@
@If PAN is not updated in the account then the TDS deduction at the rate 20% as per section 206AA of the Income Tax Act will apply. For foreign companies, foreign partnership firms, Non-residents additional surcharge and
health & education cess will be applicable as per Income Tax law.
All charges are subject to revision with an intimation of 30 days to account holders. Closure of account due to revision of charges will not be subject to account closure charges.
