Kotak Mahindra Bank Edge Savings Account is a regular banking account with several special facilities. These include net banking, phone banking, fund transfer, cash withdrawal/deposit, shopping, home banking, Debit Card, access to domestic VISA ATMs, Demand Draft, and a lot more. The interest rate is between 3.50% and 4.00% per annum. The minimum average balance to maintain is Rs. 10,000. HUFs, resident Indians, and eligible foreign nationals staying in India can open this account.
In this post, we will discuss Kotak Mahindra Bank Edge Savings Account features, eligibility criteria, interest rates, documents required, fees and charges, FAQs.
Here are the features:
Here are the eligible applicants:
Here are the Kotak Bank Interest Rates for Edge Savings Account:
Carry the original copy of all the documents during the application for the SB account. But you must submit only the self-attested copies of the required documents:
Here are the charges applicable for Edge Savings Account Kotak Mahindra Bank:
Here are Kotak Mahindra Bank Edge Savings Account FAQs:
Rs. 150 is chargeable for a home visit to pick cash/instrument/banking service for senior citizens and differently abled people.
You can track Edge savings account transaction in the following ways:
You can calculate the average monthly balance by dividing the total of the ‘end of the day’ balance for a month by the number of days for that month.
The fee is Rs.100 per instance of Standing Instruction failure.
Here are charges for DD:
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