Kotak Mahindra Bank Savings Account Opening Online & Offline

Kotak Mahindra Bank also offers its customers a number of financial products and services, one of which is a savings account. Kotak Mahindra Bank offers a range of savings accounts to suit the diverse needs of its customers. From basic savings accounts to premium options with exclusive benefits, there is something for everyone. 

Kotak Mahindra Bank Savings Account Types

The bank offers various types of savings accounts such as –

• Classic Savings Account
• Nova Savings Account
• Kotak Mahindra Bank Zero Balance Saving Account 811
• 811 Digital Bank Account
• Sankalp Savings Account
• Everyday Savings Account
• Saving Edge
• Pro Saving Account
• Saving Ace 
• Digital Savings Account
• Silk Women’s Savings Account
• Junior – The savings account for kids
• Grand Savings Programme
• My family savings account

Each account comes with unique features and benefits to cater to different customer preferences and requirements.

Kotak Mahindra Bank Savings Account Online

Opening a Kotak Mahindra Bank Savings Account online is quick and convenient. 

1. Simply visit the bank's website to open a savings bank account
2. Fill in the required personal details like your name, Aadhaar registered mobile number, email ID and Pincode
3. Click on “Open now”
4. Upload the necessary documents like your identity proof, address proof, recent passport-size photographs, etc
5. Complete the verification process to open your savings account

Kotak Mahindra Bank Savings Account Offline

If you prefer to open an account offline, you should follow the steps given below:

1. Visit your nearest Kotak Mahindra Bank branch and collect the savings bank account opening application form.
2. The application form must be filled up by the applicant. So fill up the application form by providing all your required personal details.
3. Submit the completed application form along with your KYC documents.
4. The bank official will verify the documents and check whether all the requirements have been met or not.
5. Upon completion of the verification process, you need to make payment for the initial deposit
6. You will receive the debit card and the other relevant bank documents after the successful payment of the initial deposit.

Eligibility

To open a Kotak Mahindra Bank Savings Account, you need to meet certain eligibility criteria such as minimum age requirements, citizenship status, and verification procedures. Ensure you fulfil all the eligibility criteria before proceeding with the account opening process.

• You must be a citizen of India
• Your age must be above 18 years (not applicable in case of a minor savings account)
• Your identity and address must be validated along with the account opening form through proper KYC verification.
• You must deposit the required initial deposit based on the minimum balance requirement of your specific savings account.

Documents 

You will need to submit specific documents such as identity proof, address proof, and photographs to open a Kotak Mahindra Bank Savings Account. The document required for Kotak Mahindra Bank savings account are:

• Identity and address proof – Aadhaar Card, Passport, Voter ID, Driving licence
• Pan card/ Form 16
• Two recent passport-size photographs

Kotak Mahindra Bank Savings Account Minimum Balance

The minimum balance requirement for Kotak Mahindra Bank Savings Account varies depending on the type of account you choose. It is essential to maintain the minimum balance to avoid penalty charges. The list of minimum balance requirements as per the type of savings account is as follows:

Kotak Mahindra Bank Savings Account Charges

Kotak Mahindra Bank may levy charges for non-maintenance of minimum balance, ATM transactions, cheque book issuance, and other services. It is advisable to check the schedule of charges before opening an account. The Kotak Mahindra Bank savings account charges are as follows:

Kotak Mahindra Bank Savings Account Limit

The limit for transactions, withdrawals, and fund transfers from a Kotak Mahindra Bank Savings Account may vary based on the type of account and regulatory guidelines.

Kotak Mahindra Bank Savings Account Customer Care Number

For any queries or assistance related to Kotak Mahindra Bank Savings Account opening, you can contact the customer care team at the respective numbers.

You can contact Team 811 at 1860 266 0811 from 8 am to 8 pm from Monday to Saturday except on bank holidays. Privy customers can call anytime at 1800 266 6666. For other banking related complaints, Kotak Mahindra bank officials are available 24*7 at 1860 266 2666.
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