IMPORTANT NOTICE FOR BASIC SAVINGS BANK DEPOSIT ACCOUNTS
The General Schedule of Features and Charges (GSFC) is being revised effective 1st May, 2024. Details as under:
1. Revision in Transaction Fee post 4 free withdrawals:
Particulars Existing Revised
NEFT/ RTGS - Applicable only
if done in Branch
Fund Transfers
IMPS Deposits - Unlimited Deposits - Unlimited
Free Free
Cash Transaction at Branch /
CDM (Cash Dispensing
Cash Transaction Fee Withdrawals - Withdrawals -
Machine)
Maximum 4 free Maximum 5 free
(Deposit or withdrawal)
withdrawals / month withdrawals*/ month
through any mode through any mode.
Kotak Bank's ATM –
(like, ATM/ RTGS/ 6th withdrawal
Cash Withdrawal / Non
NEFT/ IMPS/ onwards, fees will be
Financial transactions##
Debit Card / ATM Usage Clearing/ Branch/ applicable as per the
Fee Cash Withdrawal/ mode of withdrawal#
Other Domestic ATMS – Transfer/ Internal
Cash Withdrawal / Non Debits/ Standing
Financial transactions## Instructions/ EMI)
DD DD issuance
#
Fees applicable as per mode of withdrawal (post 5 free withdrawals per month)
Withdrawal Type Applicable Fee
NEFT/ RTGS - Applicable NEFT: Upto 10,000: Rs. 2; 10,001 to 1,00,000: Rs.4; 1,00,001 to
only if done in Branch 2,00,000: Rs.14; > 2,00,000: Rs. 24
RTGS: 2,00,000 to 5,00,000: Rs. 20; > 5,00,000: Rs. 40
Up to 10,000: Rs. 5
IMPS 10,001 to 1,00,000: Rs. 5
1,00,001 to 5,00,000: Rs. 15
Cash Transaction at Branch / CDM (Cash Rs. 4.5/1000 (Minimum Rs. 150)
Dispensing Machine) (Withdrawal)
Kotak Bank's ATM – Rs. 21/- per financial transaction
Cash Withdrawal / Non Financial
transactions##
Other Domestic ATMS – Rs. 21/- per financial transaction
Cash Withdrawal / Non Financial
transactions##
DD issuance Rs. 4 /1000 (Min Rs. 50, Max Rs. 10,000) For Senior Citizen
Rs. 3 /1000
Deposits - Unlimited, Withdrawals (includes Cash/ATM/DD/Cheque/NEFT/RTGS/IMPS/Clearing/Transfer/Internet debits/Standing instructions/EMI) per month.
## Cash withdrawal limit from own and other domestic ATM is Rs.10,000 per transaction for both Basic & Small Accounts
2. Revision in Transaction Failure Fee:
Particulars Existing Revised
Debit Card / ATM Usage Transaction(s) declined at Rs.20/transaction Rs.25/transaction
Fee Domestic ATMs /Merchant
Outlets/ECOM due to
insufficient funds
Transaction Failure Fee ECS / Cheque Issued & Rs.150 / instance Rs.250 / instance
Returned (due to
non-availability of funds)
SI Failure Rs.25/ instance Rs.100 / instance
Cheque deposited and Rs. 100/- per instance Rs.200/- per instance
returned (INR)
Cheque Issued & Returned for Free Rs.50 / instance
Non-Financial Reason
3. Revision in other Fees and Charges:
Particulars Existing Revised
Cheque Book At-par Cheque Book Charges Free - One Cheque Free - One Cheque
book of 5 leaves in a book of 5 leaves in a
Financial year Financial year, post
which Rs.3/- per
cheque leaf
Branch Requests • Duplicate Ad-hoc Free Rs.50/Request
statement
• Balance & Interest
Statement
• Duplicate Passbook
• TDS Certificate Through
Branch or any other
Record Retrieval
• Stop Payment - Single /
Range of cheque thru
branch
• DD Revalidation
• PO / BC Revalidation/
Cancellation (INR)
• Annual Combined
Statement-Physical
• Monthly Physical
Statement
• Regeneration of PIN of
Net Banking / Phone
Banking (sent through
courier)
The above fees are applicable only to Full KYC Basic Savings Bank Deposit Accounts