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Product Details
Bank Name
Kotak Mahindra Bank
Account Name
Ace Savings Account
Account Type
Saving
Interest Rate
For balances upto Rs. 50 lakhs -3.50% p.a.,For balances above Rs. 50 lakhs-4% p.a.
Free Debit Card
Yes, is applicable in cases of World / World Exclusive Debit Card and Kotak PVR Debit Card.
Account Opening Fees
0
Annual Maintenance Fees
Up to 50,000 1,000
Above 50,000 Nil
Minimum Account Balance
Average Monthly Balance (AMB)
of Rs. 50,000/
Debit Card Charges
0
NEFT Charges
NIL
IMPS Charges
NIL
Fees and Charges
Ace Savings Account
80
Special Features
Customers can convert savings account balance above a certain amount into Term deposit.
Eligibility Criteria
Resident Indian (Sole or Joint Account) ,
Hindu Undivided Families and
Foreign Nationals Residing in India.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free multi-city cheque books ,
Free add-on Platinum International Debit Card,
Free Home Banking,
Free Demand Drafts,
Avail a discount of 15% on Locker Rent.
Free outstation cheque collection.
Cons
Low intreast rate.
No Zero balance account facility available.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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