Specially crafted for the modern woman, Kotak Silk savings account will offer the best of all worlds be it dining, finance or lifestyle. Designed to supplement your financial management in the best possible way, Kotak Silk Savings account has everything that you can expect from a premier savings account!
Highlights of Kotak Silk Savings Account
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Bank
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Kotak Bank
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Category
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Kotak Silk Savings Account
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Cashbacks
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Up to Rs.4500 cash back in an year
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Rewards
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60 free movie tickets and cash backs on debit cards when spends are made for grocery, jewellery. fuel. entertainment, apparel, beauty and health
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Debit Card
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Classic Silk Photo Debit Card
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Services Offered with Kotak Silk Savings Account
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Debit Card
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Classic Debit Card
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Financial Privileges
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50% discounts on best compliments card issuance fee, locker rental discounts, NMC waiver for Kotak Kids Junior Nova account linked SIP or RD.
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Debit Card
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With Kotak Silk Debit card, you can get special offers on lifestyle spends and other purchases
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Bill Pay Facility
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With this feature, you can automatically pay bills through your savings bank account.
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Wealth Statement
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This feature gives you updates on term deposits, demat accounts, mutual funds, savings account and current account.
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Home Banking
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Customers can enjoy benefits like cash pick up, delivery of DD and cheque etc.
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Safe Transactions
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With Kotak Gold netc@rd facility, you can create a safe virtual card for online transactions.
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Financial Privileges for Kotak Silk Savings Account
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Locker Discounts
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Enjoy an attractive discount of 35% on the locker rental for the first year.
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Best Compliments Card
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Get 50% of the issuance fee waived off
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Enhanced Debit Card Limits
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Enjoy high withdrawal limit with no annual fee with the Kotak Silk Debit Card
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Junior Account - Nova through linked SD or RD
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NMC Waiver in Junior account linked monthly RD or MF-SIP instalments of Rs.2000 and Rs.1000 (rural and semi-urban branches)
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Minimum tenure is 36 months
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Maximum cap on RD monthly installment is Rs. 50,000 for tenure up to 120 months.
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Maximum cap on RD monthly installment is Rs.1 lakh for tenure up to 120 months
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Additional Features of Kotak Silk Debit Card
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Debit Card Swipe Limit at merchant outlets
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Rs.1.5 lakh
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ATM Withdrawal limit
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Rs.75,000
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Lost card liability
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Rs.1.5 lakh
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Purchase Protection
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Rs.50,000
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Debit Card Type
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Classic
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Cash Withdrawal limit at Merchant Outlets (cash @ POS)
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Rs.1,000
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Rewards on Kotak Silk Savings Account Debit Cards
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Movie Tickets
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60 free movie tickets in a month
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Cash back on Silk Photo debit card spends
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Rs.4,500 per year
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Cash back across categories
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Earn cash back when you make spends on the following categories using your debit card - grocery, fuel, hotel, dining, beauty, health & entertainment
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Criteria to avail Rewards
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Minimum spend per month must be Rs.5000 subject to maintenance of AMB for the previous month
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Exclusive Privileges for Kotak Silk Savings Account
Customers can avail exclusive privileges and offers all round the year from merchant partners in categories like travel, electronics, shopping, wellness, health and entertainment. Account holders can also make use of special EMI offers.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
