Kotak Ace Savings Account | Features, Benefits, & Eligibility

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Ace Savings Account

The Ace Savings Account is exclusively designed to give you additional advantages and banking benefits, all without any extra premium. This means, you can get the most out of your banking experience with this one, power-packed savings account.

Monthly Balance

Average Monthly Balance (AMB)
of Rs. 50,000/-

Attractive Interest Rates

Earn FD like interest in your Savings Account with ActivMoney, click here to know more

Kotak ActivMoney

Convert savings account balance
above a certain amount into
Term Deposits

Free at-par cheque

Free outstation
cheque collection

Free Cash Withdrawals

Free access to all domestic VISA ATMs, free cash withdrawals at ATMs of any Kotak Branch across India

Digital Banking

Free Phone Banking,
Net Banking and
Mobile Banking

Free Fund Transfer

Free RTGS /
NEFT / IMPS

Free Platinum International chip Debit Card

Make your everyday payments with ease using Platinum International Debit Card. For further information
, please click

More Features and Benefits

Avail a discount of 25% on issuance of Best Compliments Card (Gift cards)
Free multi-city cheque books** (at par cheque books)
Free add-on Platinum International Debit Card^*
Free Home Banking⁴
Free Demand Drafts (unlimited at Kotak Bank locations)
Avail a discount of 15% on Locker Rent⁵

Check your eligibility for the Ace Savings Account.

Explore more savings account options that best suit your needs.

Disclaimer

1. W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.

2. NMC: Non-Maintenance Charge. NMC Waiver is applicable only if the principal Ace Account meets the stipulated Average Monthly Balance requirements.

3. Per transaction limit is Rs. 10,000/-.

4. Conditions apply.

5. Subject to maintenance of the required AMB in the Ace Savings Account.All benefits are subject to terms, conditions and exclusions.*Non chip enabled Debit Cards issued on or after December 1, 2013, cannot be used outside India.

6. Please click here for ActivMoney terms and conditions.

**Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges

Frequently Asked Questions

What is an Ace saving account?

What are the fees associated with an Ace savings account?

Basic fees like Non Maintenance Charges, cash transaction/withdrawal charges, DD/Chequebook charges, branch request charges etc. are associated with the Ace Savings Account, for more details please visit : https://www.kotak.com/en/personal-banking/accounts/savings-account/Ace-savings-account/fees-and-charges.html

What documentation is required to open an Ace savings account?

The documents required for Ace savings account are as follows:

1) Identity Proof - Driving License, Passport, Voter's ID, Aadhaar Card etc.
2) Addres Proof - Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)
3) Signature Proof - PAN Card, Driving License, Passport
4) Latest Passport Size Photographs

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Ace Savings Account