Kotak Silk Savings Account
Kotak Silk Savings Account
Moms, let your inner voice take flight this Mother’s May. Know more about
becoming financially independent

Moms, let your inner voice take flight this Mother’s May. Know more about
becoming financially independent
The Kotak Mahindra Bank Silk programme provides women with the best of offers in finance, dining, health and lifestyle, empowering them to do more.
Enjoy attractive cashbacks and higher withdrawal limits with Debit Card exclusively for Silk Savings Account
Make easy and hassle free online bill payments
Use Silk Debit Card to enjoy special offers, discounts, privileges, lifestyle benefits & much more
Get transactional updates of all your accounts in a single account statement
Enjoy doorstep banking services like cash pick-up and delivery, cheque/draft delivery, etc. at your home with Kotak Bank's Silk Savings Account
Silk, our unique banking programme exclusively for women, is built on the belief that her true independence comes from her financial independence. This Mother’s May, let her inner voice take flight. #GoForItMom
This Mother’s Day , Kotak SILK celebrates the indomitable spirit of every Mom around us as she is forging new roads for herself, and her dreams are taking flight!
Flat interest rate of 8.99% p.a. on Two wheelers for female applicants taking loan on scooters only.
Silk POS Limit | Rs. 2,00,000 |
Silk ATM Withdrawal limit | Rs. 40,000-Domestic Rs. 50,000-International |
Lost Card Liability | upto Rs.3,50,000/- |
Purchase Protection |
upto Rs.1 ,00,000/- |
Debit Card Type | Platinum card |
Personal Accidental Death Cover Classic Silk Debit Card Platinum Silk Debit Card |
Coverage – 2lakh * Coverage up to 50 lakhs* |
Lost baggage Insurance | upto Rs. 1,00,000/- |
Air Accidental Death Insurance | upto Rs. 50 lakhs |
Ordinary account (3.25 % p.a.) |
Kotak account (up to 4% p.a.) |
Rs. 3.07 lakhs | Rs. 2.5 lakhs |
Disclaimers
* Subject to maintenance of Average Monthly Balance in the Silk Account
^ Subject to availability.
# Non Maintenance Charge
With Kotak Mahindra Bank you can avail great offers round the year from our key partners. Choose from offers across categories including restaurants, travel, shopping, electronics, health & wellness, entertainment etc as well as special EMI offers.
To find out the latest offers available on women's savings account click here
Check out additional Kotak Bank Savings Account products by clicking here
Edge/Nova |
Pro/Classic |
Ace |
|
Cashback | Rs. 1200/- per annum / Rs. 100/- per month | Rs. 3000 per annum. / Rs. 250/- per month |
Rs. 4500 per annum / Rs. 375/- per month |
Edge/Nova | Pro/Classic |
Ace |
|
Min Spend/Month subject to maintenance of AMB for previous month |
Rs. 7500/month | Rs. 15000/month | Rs. 25000/- per month |
Disclaimers
Check your eligibility for the Silk Woman Savings Account.
Explore more savings account options that best suit your needs.
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W.e.f. Sep 20, 2021, daily balances in Savings Account up to Rs. 1 lakh will continue to earn 3.50% p.a. interest. Interest rate on daily balances in Savings Account above Rs. 1 lakh stands revised at 3.50% p.a. These interest rates are applicable for Resident Accounts only.
*TnC Apply
*The Two Wheeler loan is provided by KMPL
Average Monthly Balance is calculated by dividing the sum of all ‘End of Day’ balances in a month by the number of days in that month.
Average Monthly Balance is calculated by dividing the sume of all ‘End of Day’ balances in a month by the number of days in that month.
Please refer the following illustration for the calculation of AMB.
Sample Bank Statement:
Sr. no. |
Date |
Narration |
Withdrawal |
Deposit |
Closing balance |
1 |
January 1st, 2012 |
Opening Balance |
|
|
Rs. 10,000/- |
2 |
January 10th, 2012 |
ECS Credit-VD |
|
Rs. 10,000/- |
Rs. 20,000/- |
3 |
January 16th, 2012 |
Cash Withdrawal |
Rs. 5,000/- |
|
Rs. 15,000/- |
4 |
January 25th, 2012 |
Cheque Deposit- MICR Clearing |
|
Rs. 20,000/- |
Rs. 35,000/- |
5 |
January 28th, 2012 |
HPCL Petrol Pump POS 43860000000012 |
Rs. 1,000/- |
|
Rs. 34,000/- |
6 |
January 30th, 2012 |
Cash Deposit Mumbai |
|
Rs. 9,000/- |
Rs. 43,000/- |
7 |
January 31st , 2012 |
Funds Transfer |
Rs. 25,000/- |
|
Rs. 18,000/- |
AMB Calculation:
Sr. No. |
Time Period |
Calculation |
Amount (Rs.) |
1 |
EOD Balance from January 1st, 2012 to January 9th, 2012 |
Rs. 10,000/- x 9 |
Rs. 90,000/- |
2 |
EOD Balance from January 10th, 2012 to January 15th, 2012 |
Rs. 20,000/- x 6 |
Rs. 1,20,000/- |
3 |
EOD Balance from January 16th, 2012 to January 24th, 2012 |
Rs. 15,000/- x 9 |
Rs. 1,35,000/- |
4 |
EOD Balance from January 25th, 2012 to January 27th, 2012 |
Rs. 35,000/- x 3 |
Rs. 1,05,000/- |
5 |
EOD Balance from January 28th, 2012 to January 29th, 2012 |
Rs. 34,000/- x 2 |
Rs. 68,000/- |
6 |
EOD Balance for January 30th, 2012 |
Rs. 43,000/- x 1 |
Rs. 43,000/- |
7 |
EOD Balance for January 31st , 2012 |
Rs. 18,000/- x 1 |
Rs. 18,000/- |
|
Total EOD balances for the month January 2012 |
|
Rs. 5,79,000/- |
|
Divide by the no. of days in the month |
|
31 |
|
Average Monthly Balance (AMB) |
|
Rs. 18677.42/- |
Through this facility you can earn a much higher interest on your idle funds in the Savings Bank Account.
The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.
The advantages of this facility are:
To apply for Kotak Mahindra Bank Pro Savings Account, you should belong to anyone of the following categories
Go to Get Help section in Website > Service Request > View All. Select Change of Home Branch Request. User to enter Login credentials and the OTP received. User can change the Home Branch at CRN level (all savings accounts) or at a savings account level.
Select your preferred method.
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