SAVING ACCOUNT DETAIL
Kotak Edge Salary Account
Highlights
Bank Kotak Mahindra Bank
Category Salary Account
Minimum AQB
(Average Quarterly Balance)
Average salary of Rs. 20,000 per month
Interest Rate 5.5%
Card Offered ATM cum Debit Card
Main Features
  • Attractive Returns: Your Kotak Edge Salary Account combines liquidity of a Savings Account with the attractive returns of a Term Deposit through the unique Kotak 2-Way Sweep benefit.
  • Free At-par Cheques: Kotak Mahindra Bank's At-par cheques are treated as 'local clearing' cheques across select locations in the country. The At-par Cheque facility comes to you 'free' of charge.
  • Free Electronic Fund Transfer: Transfer funds to third party accounts in other banks, without drawing a Demand Draft or a cheque, by using our Electronic Fund Transfer facility.
  • Free Demat Account: As an Edge Salary customer, you can also open a Demat Account with us 'free' of any account opening charge.
  • Reimbursement Current Account: As Salary account holders employees can also opt for a Reimbursement account which helps you to manage the official reimbursements, petty cash etc., and this facility specifically will help you eliminate cash handling related to petty expenses.
  • Your savings account will be provided a link to your online trading account with Kotak securities to enable your to transfer funds from your bank account to your account with KS and vice versa". And with our Payment Gateway facility you can even pay your trading bills online from your bank account directly!
  • Free Investment Account: Avail a 'free' Investment Account that provides you a consolidated view of all your investments. The Investment Account statement gives a 'single window view' of your Mutual Fund portfolio, listing the NAV of each scheme invested into, current consolidated value of your portfolio, and realized/unrealized returns against each investment made.
  • Global Debit Card: Access your account free of cost at 1320+ Kotak Mahindra Bank and HDFC Bank ATMs by using your VISA Global Debit Card. You can also use your Debit Card at all VISA affiliated merchant establishments and ATMs worldwide.
 Fees & charges
 Services & Features
 Eligibility Criteria
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