One more devaluation
Kotak everyday savings account monthly non mab waiver (30 transaction a month) to be removed form 1st may
Transaction TypeExisting TariffRevised Tariff effective 1st May, 2024Average Monthly Balance (AMB) requirementRs. 20,000
(*waived if there are 30 transactions or more in the month)Reduced to Rs. 15000 Free ATM Transaction Limits at Kotak ATM
(Financial + Non-Financial)Free7 transactions free per month Free ATM Transaction Limits at Non Kotak ATM
(Financial + Non-Financial)10 transactions free per month7 transactions free per monthMonthly Free Cash Transaction LimitsNil charges up to 5 transactions or Rs. 3 Lakh/ month whichever is earlierNil charges up to 5 transactions or Rs. 2 Lakh/ month whichever is earlier
*Feature to be discontinued w.e.f 1st May, 2024
30 txn feature for non maintenance to removed from 1st May 2024