Whoever said wishes don’t come true hasn’t explored our offers!
  • Kotak Alpha Savings Account

    Savings Account
    • Instant money transfer
    • 24x7 ATM withdrawals
    • Attractive rate of interest

    Designed for those who are looking for an uncomplicated method for Savings, Investment avenues (like Recurring Deposits, NPS or Mutual Fund), Alpha is the perfect solution. This is also a great method to get into the habit of saving money, and thus is particularly useful for those between the age group of 18 to 54 years.


    Kotak Bank


    Kotak Alpha Savings Account

    Minimum Investment

    Rs. 2000

    Interest Rate

    6% interest p.a.

    Features and Benefits of Kotak Alpha Savings Account

    Interest rate

    6% interest p.a

    Minimum amount to invest

    Rs. 2000 monthly in pre-selected investment options (RD/MF-SIP/NPS)

    Life cover

    Worry no more about your family's future with the Life cover that you can avail with this scheme and is worth Rs. 20 Lakhs. The nominal monthly premium Rs. 300 is all that is required for this.

    Cash Back

    When you spend with your debit card, the point of sales (POS) spends will earn you cash back up to Rs. 4500.

    Fees and Charges On Kotak Alpha Savings Account



    Investment Account Annual charges


    locker rental

    25% discount for Platina & 15% discount for Ace

    Kotak term deposits

    Up to 85% overdraft (ROI plus 2%)

    Demat AMC for the 1st year

    50% for Pro/Classic 100% for Ace/ Platina

    • You can get Platinum Subscription of Kotak Moneywatch at the low price of Rs. 499/- per year
    • Mobile Banking and Net Banking services is available so that you can do almost all banking transactions from home including DTH recharges and mobile.

    Cash Rewards On Kotak Alpha Savings Bank Account

    Cash Back Parameters

    Edge / Nova

    Pro / Classic

    Ace / Platina

    Maximum Cash back / Month (Rs.)




    Maximum Cash back / Year (Rs.)




    Minimum POS Spends required / Month (Rs.)




    Min AMB required / Month (Rs.)

    10,000 : Edge;

    5,000 : Nova

    20,000 : Pro;

    10,000 : Classic

    50,000 : Ace;

    1,00,000 : Platina

    You are eligible to get back up to Rs. 4500 cash back p.a. on all your POS debit card spends.

    Kotak Alpha Savings Bank Account FAQs

    1. What is the minimum tenure in Kotak Alpha savings account that you need to invest in?

      The Minimum tenure for investment is 36 months.

    2. What are the investment options that i can pick with Kotak Alpha savings account?

      You can choose among:

      • Recurring Deposit (RD): If you are looking for a short term option, RD is a good option. The investment that you put in will earn at the Prevailing rate.

      • Systematic Investment Plan (SIP) in Mutual Funds: This option is ideal if you are
        looking to build a larger amount over a long period.

      • National Pension System (NPS): For those who are looking at the larger picture
        and planning to save up for your life after retirement, this is a good option. NPS
        makes use of Auto Choice Lifecycle Fund to manage your fund allocation in the most
        ideal way.

    GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

    Savings Account
    Net Banking
    Mobile Banking
    Savings Account By Top Banks
    Savings Account By Banks
    Loading your search...

    Compare Multiple Savings Accounts. Apply Online and Get e-Approved instantly

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.