Savings Account
Savings Account at Kotak Bank is uniquely designed for you to achieve
your financial goals. We provide the optimum solution as we understand how
important it is for you to manage your money efficiently.

Daily balances in Savings Account up to Rs. 1 lakh continue to earn 3.50% p.a. interest. W.e.f. Dec 11, 2020, interest rate of 4% p.a. will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 1 crore while interest rate on daily balances in Savings Account above Rs. 1 crore stands revised at 3.50% p.a. These interest rates are applicable for Resident Accounts only.
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Savings Account at Kotak Bank is uniquely designed for you to achieve
your financial goals. We provide the optimum solution as we understand how
important it is for you to manage your money efficiently.
Accessing your savings account is easy and convenient with our wide network of 1300+ branches and 24x7 ATMs across the country. Your savings account is always at your fingertips with our best in class net banking feature, SMS banking and our award winning mobile banking app for all your online transactions.
Select your preferred method.
Apart from regular features and offers like cashbacks and discounts, Kotak Bank have also come up with special savings account programmes designed specifically for women, children, senior citizens, working professionals and for the entire family. Please provide us with a few details related to your requirements so that we can find the most suitable savings account to meet your banking needs.
( available only in semi urban and rural locations )
Select your preferred method.
Savings Bank A/c | ||
---|---|---|
Nature | Rate of Interest | |
Normal | Senior Citizen | |
A. Domestic (W.e.f. Dec 11, 2020) | 3.50% p.a.* on balance up to Rs. 1 lakh, 4% p.a.* on balance above Rs. 1 lakh upto Rs. 1 Crore, 3.50% p.a.* on balance above 1 Crore |
3.50% p.a.* on balance up to Rs. 1 lakh, 4% p.a.* on balance above Rs. 1 lakh upto Rs. 1 Crore, 3.50% p.a.* on balance above 1 Crore |
B. Basic Savings Bank Deposit Account/Small Account (W.e.f. Dec 11, 2020) | 3.50% p.a.* on balance up to Rs. 1 lakh, 4% p.a.* on balance above Rs. 1 lakh upto Rs. 1 Crore, 3.50% p.a.* on balance above 1 Crore |
3.50% p.a.* on balance up to Rs. 1 lakh, 4% p.a.* on balance above Rs. 1 lakh upto Rs. 1 Crore, 3.50% p.a.* on balance above 1 Crore |
C. Non Resident (NRE/NRO) | 3.50% p.a. |
3.50% p.a. |
With effect from 1 April 2016, the periodicity of payment of interest on Savings Bank Account will be quarterly. Thus, the Savings Bank interest calculated on daily product basis will be paid at quarterly intervals on 30th June, 30th September, 31st December & 31st March each year. Note : p.a. is "per annum" |
Junior Savings Account
Most children start understanding money and savings much before we think they do. Kotak Mahindra Bank (KMB) therefore designed a special savings bank account for children 'Kotak Junior' to encourage them to save smartly from an early age. The account comes with the advantage of 4% interest rate and several unique features like, a first of its kind membership card for children, and rewards programme which appeal to the parent and the child.
Women’s Savings Account
Women's Savings Account by Kotak Bank empowers today's woman with financial independence and simplified banking solutions. Kotak Silk celebrates the bold and unconventional choices made by women. Here’s an inspirational video that salutes women who have the courage to break stereotypes and choose the unconventional path.
Debit Cards
Buy Debit card and Enjoy Additional Offers and Benefits on Your Savings Account at Kotak
Daily balances in Savings Account up to Rs. 1 lakh continue to earn 3.50% p.a. interest. W.e.f. Dec 11, 2020, interest rate of 4% p.a. will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 1 crore while interest rate on daily balances in Savings Account above Rs. 1 crore stands revised at 3.50% p.a. 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.
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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.