Kotak Pro Savings Account
Kotak Mahindra Bank is one of the renowned banks in the country that offers an array of products and services. Known for its quality of service and customer-centric approach, the bank provides a variety of savings account options that cater to the financial needs of individuals across different income groups and lifestyles.
Kotak Mahindra Bank offers multiple options in the savings accounts category like 811 savings account, Senior Citizens savings account, Silk Women's savings account, and many more. One of the savings bank products offered by Kotak bank is Pro savings account, which is designed to cater individuals seeking convenience for everyday banking. Read on to know more about the Kotak Pro Savings Account.
Highlights of Kotak Pro Savings Account
Bank | Kotak Bank |
Category | Kotak Pro Savings Account |
Minimum Balance Requirement | Average Monthly Balance (AMB) of Rs.20,000 |
Interest Rate | 2.5% p.a. on savings account balance |
Debit Card | Signature Debit Card |
Note: The above listed rate of interest is as on 31 July 2025 and is subject to change at the discretion of bank.
Eligibility Criteria to Open a Kotak Pro Savings Account
To apply for a Kotak Mahindra Bank Pro Savings Account, you must fall under one of the following categories:
- Resident Indian (individual or joint account holder)
- Hindu Undivided Family (HUF)
- Foreign National residing in India
Documents Required to Open a Kotak Pro Savings Account
The below-listed are some of the documents required to open a Kotak Pro Savings Account:
- Passport – Accepted for both identity and address proof
- Driving Licence – Accepted for both identity and address proof
- Aadhaar Card (post e-KYC authentication by the bank) – Accepted for both identity and address proof
- Voter ID – Accepted for both identity and address proof
- Job Card issued by NREGA – Accepted for both identity and address proof
- Letter issued by the National Population Register – Accepted for both identity and address proof
Fees and Charges for Kotak Pro Savings Account
The below-listed are the fees and charges for Kotak Pro Savings Account:
Average Monthly Balance | Rs.20,000 |
Non-Maintenance Fee | 6% of the shortfall in required AMB every month, subject to a maximum of Rs.600 |
Family Banking | Not Applicable |
ATM Usage Fee | Up to 30 free transactions in a month |
Image Debit Card Issuance Fee | Rs.199 |
Card Replacement Fee | Nil |
NEFT / RTGS / Fund Transfer (Through Net Banking / Mobile Banking) | Nil |
Cash Withdrawal from International ATM | Rs.150 per cash withdrawal transaction & Rs.25 per non-financial transaction |
Note: The fees and charges listed above are as on 31 August 2025 and are subject to change at the discretion of the bank.
FAQs on Kotak Pro Savings Account
- What are the consequences of not maintaining the minimum balance?
You may have to pay the applicable non-maintenance charges in case the minimum balance is not maintained.
- Will I get a complimentary debit card with Kotak Pro savings account?
Yes, you will get Signature debit card complimentary with Kotak Pro savings account.
- Can I convert my existing Kotak account to a Pro Savings Account?
Yes, you can request an upgrade at your nearest Kotak branch or via customer service.
- How much is the minimum average monthly balance for a Kotak Pro Savings Account?
The minimum average monthly balance for a Kotak Pro savings account is Rs.20,000.
- I have lost my debit card. Can I apply for a replacement?
Yes, you can apply for a debit card replacement in case you have lost it.
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