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Product Details
Bank Name
Kotak Mahindra Bank
Account Name
Nova Savings Account
Account Type
Saving
Interest Rate
For balances upto Rs.50 lakhs -3.50% p.a, For balances above Rs.50 lakh -4%p.a.
Free Debit Card
Classic Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
5000
Debit Card Charges
Nil charges for 1st year, thereafter Rs. 199 p.a
NEFT Charges
Free through Netbanking
IMPS Charges
Up to 10,000: Rs. 5;
10,001 to 1,00,000: Rs. 5;
1,00,001 to 5,00,000: Rs. 15
Fees and Charges
Nova Savings Account
80
Special Features
25% off on issuance charge of travel card
Eligibility Criteria
For Resident Indians (Sole or joint account) ,Hindi Undivided Families (HUF) and Foreign Nationals Residing in India.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free access to all domestic VISA ATMs ,Free cash withdrawals at any Kotak Bank ATMs,Enjoy upto 25 cheque leaves free per
Year using Kotak Bank's Nova account,Free Phone banking and Mobile Banking ,Convert savings account balance
above a certain amount into Term Deposits with Kotak ActiMoney,.
Cons
Low intreast rate.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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