Fees & Charges for Edge Savings Account

Understanding Fees and Charges for Kotak Edge Savings Account

Kotak Mahindra Edge Savings Account is one of the best regular savings accounts in the financial and banking market, which offers privileged services to its customers. It is one of those few savings accounts that makes the banking experience of every consumer memorable.

This savings account allows free access to all domestic VISA ATMs, nil charges on NEFT when you transact through Net banking, attractive interest rates, access to Classic Debit Card, Kotak ActivMoney, free at-par cheque, digital banking, and free NEFT/RTGS. Here is a guide on fees and charges on Kotak Edge Savings Account.

List of Fees and Charges of Kotak Edge Savings Account

Here is the complete list of applicable fees and charges for the Kotak Mahindra Edge Savings Account. These are with effect from June 1, 2022.

  • Average Monthly Balance (AMB) – Rs. 10,000. 
  • Non-maintenance charge of minimum average balance – 6% of the shortfall in required AMB per month.

Fund Transfers:

Netbanking/Mobile Banking – NEFT/RTGS/Fund Transfer – Zero Charges

NEFT/RTGS – If done in Branch NEFT

  • Up to 10,000: Rs. 2
  • 10,001 to 1,00,000: Rs. 4
  • 1,00,001 to 2,00,000: Rs. 14
  • > 2,00,000: Rs. 24


  • 2,00,000 to 5,00,000: Rs. 20
  • > 5,00,000: Rs. 40


  • Up to 10,000: Rs. 5
  • 10,001 to 1,00,000: Rs. 5
  • 1,00,001 to 5,00,000: Rs. 15

Cash Transactions          

  • Cash Transaction at Branch/Cash Deposit Machine (CDM) – Zero Charges up to 4 transactions or 2 lac per month, whichever is earlier. Post these limits, charged at Rs. 4.5/1000 (Minimum Rs. 150)
  • Cash withdrawal at Merchant Locations via UPI (Maximum Rs. 1000 per day) – 1% of Withdrawal amount (Max Rs. 10)

Debit Card and ATM Charges          

  • Cash Withdrawal or Non-Financial Transactions through Kotak Bank’s ATM – Nil Charges
  • Other Domestic ATMs – Cash Withdrawal and Non-Financial Transactions – Nil Charges up to 3 transactions (In Top 6 Cities) and 5 transactions (Non-Top Cities) per month, and after that, Rs. 21 per cash withdrawal and Rs. 8.5 per Non-Financial transactions
  • Insufficient balance that leads to declined domestic ATM transactions due to – Rs. 25 per transaction
  • Transactions declined at merchant outlets/websites/ATMs due to insufficient balance (with effect from April 1, 2019)              
  • Cash Withdrawal/Non-Financial Transactions at International ATMs – Rs. 150 per cash withdrawal transaction and Rs. 25 per non-financial transaction

Cardless cash withdrawal (IMT):

  • Nil charges – 1 transaction per month
  • Subsequent transactions – Rs. 10/- per transaction

DD/ Cheque Book

  • DD – Rs. 4 per 1000 and for Senior citizens Rs. 3 per 1000
  • Cheque Book Charges – 25 Cheque leaves – Nil Charges per year, after which the charges will be Rs. 3/cheque leaf.
  • ECS/Cheque Issued and Returned (due to non-availability of funds) – Rs. 500/instance
  • ECS Mandate Verification – Rs. 50/instance
  • SI Failure – Rs. 200/instance
  • Cheque deposited and returned (INR) – Rs. 200/instance
  • Cheque Issued and Returned for Non-Financial Reason – Rs. 50/instance
  • Branch Requests – Rs. 100/Request, but for senior citizens: Rs. 75/Request.
  • DD Cancellation (INR) – Rs. 100/Request, but for senior citizens: Nil.
  • Foreign Inward Remittance Certificate – Rs. 100/Request.

Home Banking 

  • Cash/Instrument Pick Up/Delivery – Rs. 150 per visit
  • KYC Pickup – Only for senior citizens and differently-abled – Rs. 150 per visit. Under Home Banking cash pick-up services, lower denomination.

Statements and Alerts 

  • Statements – Email Statement (Monthly): Nil Charges
  • Physical Statement (Quarterly): Nil Charges
  • Balances Value added alerts (Daily/Weekly) – 50 p. per SMS(Daily and Weekly)

Other Charges 

  • Account Closure charges: (if closed after 1 month and before 6 months of A/C opening) – TOD: Rs. 500
  • Account Closure charges: 500

Read: Understanding the Zero Balance Current Account

Complimentary Services – Nil Charges

  • Passbook (instead of Account Statement)
  • Current Year Balance and interest statement
  • Signature Verification Certificate
  • Photo Attestation
  • Address Confirmation    

Debit Card Annual Charges

Classic Debit Card Rs. 259
Silk Classic/Platinum Rs. 259
Gold Debit Card Rs. 500.0
Platinum/My World Debit Card Rs. 750.0
World/World Exclusive Debit Card Rs. 750.0
Kotak PVR Debit Card Rs. 499.0
Visa Signature Debit Card Rs. 750.0

Other Debit Card-Related Charges           

Replacement of Lost/Stolen Debit Card Rs. 200
Issuance Charges Image Debit Card Rs. 199
Regeneration of PIN (sent through courier) Rs. 50 per request

Final Words

You can compare Kotak Edge Savings Account and Kotak 811 Mahindra Bank‘s zero balance account. You can choose from various savings account variants depending on your needs and preferences. However, exploring the features, benefits, fees, and charges of different kinds of Kotak accounts is paramount before settling for one.


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Nizam is a seasoned home lift expert with over a decade of experience in the industry. He has a comprehensive understanding of home lift technologies, design principles, and installation practices. Throughout his career, he has played a pivotal role in designing, installing, and maintaining home lifts for residential and commercial properties.