Kotak Mahindra Bank
Kotak Mahindra Bank Savings Account is a premium banking product from one of India's fastest-growing private sector banks. Kotak Mahindra Bank is known for its strong focus on the affluent and high-net-worth segment, offering a comprehensive suite of banking, investment, and insurance products under one roof. The Kotak Mahindra Bank savings account comes with the KayMall mobile banking app, which provides a seamless experience for all banking needs including fund transfers, bill payments, credit card management, and investments in mutual funds, fixed deposits, and NPS. The app also provides a consolidated view of all your Kotak relationships — savings, credit card, demat account, and loans. The interest rate of 3.0% per annum is competitive for the private sector banking segment. Interest is calculated on the daily balance and credited quarterly. For balances above ₹10 lakhs, the rate moves to 3.5% p.a., and for those above ₹1 crore, the rate is 3.75% p.a. The complimentary Kotak Mahindra Bank Debit Card offers premium privileges including complimentary lounge access at domestic airports (for Visa Infinite variants), fuel surcharge waivers at HPCL and BPCL pumps, and discounts at over 1,000 partner brands across dining, travel, and lifestyle categories. Kotak Mahindra Bank also offers dedicated Privilege Banking branches in major cities, where relationship managers provide personalised financial planning services including investment advisory, insurance reviews, and loan structuring for high-value customers. Source: Kotak Mahindra Bank official website, updated May 2026.
| Feature | Details |
|---|---|
| Interest Rate | 3% p.a. |
| Minimum Balance | ₹10,000 |
Review the eligibility criteria below. Most savings accounts require Indian residency, valid KYC documents, and a minimum age of 18 years.
Click "Apply Now", fill in your details, and complete KYC via Aadhaar eKYC, video call, or by uploading self-attested documents.
Once KYC is verified, your account is activated within 1–3 working days. You will receive your account number and can start transacting immediately.