Kotak Mahindra Bank Revises Charges For 4 Types of Transactions Effective 1st April 2026

With effect from April 1, 2026, Kotak Mahindra Bank has revised fees and charges for four categories of transactions. The bank has introduced a third-party cash transaction cost in addition to revisions to the ECS/NACH transaction failure price, the debit card issuance and annual fee, and the monthly cash transaction fee applicable to program customers.

1. Kotak Mahindra Bank ECS/NACH Transaction Failure Fee

Account	Fee line	Existing	Revised
Applicable to all Savings/Salary Account	ECS/NACH transaction Failure Fee	INR 500/ instance	1st -INR 500/instance 2nd- onwards- INR 550/ instance

As per the bank, the above revised fee is not applicable for institutional savings bank,basic savings bank deposit account - bsbd,kotak basic savings deposit account,bsbda for bss microfinance,pmjdy - full kyc a/c,bc/bb - fi - sb,kotak small saving account,nre - corporate salary savings account,nre - savings account - custody,nro - savings account - custody,nro savings account - foreign tourist,nro - platina savings account,1054 - edge nre savings,savings - nre - orange metro,savings - nre - platina,1055 - edge nro savings,savings - nro - orange metro,savings - nro,kotak government business savings a/c,nro - savings account,nre savings account - mariner,nre - nova savings account,nre (pins) - savings account,nre temporary savings account,nro - corporate salary savings account,nro savings account - foreign student,nre - platina savings account,savings - nre - orange, pcg savings nro,savings - nro - orange,savings - nre,nre - savings account,nro - nova savings account,nro (pins) - savings account,nro temporary savings account,xpress limited kyc savings account,bc - fi - sb,easy saving account- bc model,kotak easy savings account,fisb-od.

2. Kotak Mahindra Bank Debit Card Issuance And Annual Fee

Product /Debit card	Fee line	Existing	Revised
EveryDay Debit card	Issuance and Annual Fee	INR 259 p.a	INR 300 p.a
Pay Shop More Debit card issued with Kotak Sankalp/Sanman Savings Account/ Sanman Account for BSS Micro finance	Issuance and Annual Fee	Nil for 1st year, thereafter INR 199 p.a	Nil for 1st year, thereafter INR 199 p.a
Pay Shop More Debit card	Issuance and Annual Fee	INR 259 p.a	INR 285 p.a

3. Kotak Mahindra Bank Monthly Cash Transaction Fee

The following restrictions will be applicable to customers who do not meet the Relationship Value (RV) criteria specified by their particular program (Privy, Privy+, Neon, Platinum, Maxima, Black, or Solitaire):

• 3 cash transactions maximum each month, and
• A total of up to Rs 1,00,000 in monthly cash transactions

Defining Relationship Value (RV), Kotak Mahindra Bank has mentioned on its website that "The relationship value constitutes combined holdings of Current/Savings Accounts (Average Monthly Balances), Term Deposits, Value of present Mutual Fund holding and Life Insurances till date + 30% of sanctioned value of live loans (inclusions - Kotak Home Loan, Loan Against Property, Working Capital, Overdraft, Cash Credit, Business Loan, Healthcare Finance) + 30% value of month-end Demat holdings with Kotak Securities of the particular month with a linked Kotak Account. Please note that relationship value is calculated at a group level. Only Mutual Funds (including structured products) subscribed through Kotak Mahindra Bank and Insurance policies bought from Kotak Mahindra Life Insurance sourced by Kotak Mahindra Bank will be considered."

4. Kotak Mahindra Bank Third-Party Cash Transaction Fee

Cash deposited or withdrawn by an individual other than the account holder is referred to as a third-party cash transaction.

A monthly free limit of Rs 25,000 and Rs 5 per Rs 1,000 for amounts exceeding the free limit, subject to a minimum fee of Rs 150 per transaction, has been introduced by the bank as a third-party transaction fee.