The Kotak Mahindra Edge Salary Account provides a plethora of benefits and privileges, all tailored to meet the financial needs of a salaried professional.
Earn higher rate of interest on funds in your account with Activ Money
Earn 4% interest p.a on your account balance
Transfer funds online using NEFT, RTGS for free
Unlimited ATM transactions at all Kotak ATMs in India
Avail up to 2 Non-Maintenance Charge waived Family Savings Account
Office and home banking facility
Daily balances in Savings Account up to Rs. 1 lakh continue to earn 3.50% interest p.a. and daily balances over Rs. 1 lakh and up to Rs. 5 crores continue to earn 4% interest p.a. Interest rate on daily balances in Savings Account above Rs. 5 crores stands revised at 3.75% p.a. wef Nov 1, 2020. These interest rates are applicable for Resident Accounts only.
Example: If End of Day Savings Account balance is Rs. 1,50,000, then Rs. 1,00,000 will earn interest of 3.50% p.a. and Rs. 50,000 (being the balance in excess of Rs. 1,00,000), will earn interest of 4.00% p.a.
A few things to consider while deciding on your perfect mean machine.
Disclaimer - W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.
Please note, if your account is currently in dormant status, non-maintenance charges will not be applicable to the same. In order to activate your account, please visit your nearest Kotak Bank branch .
$Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges