The opening of account and/or booking of Term Deposit is
subject to realization of the cheque or the online payment
received thru the Net Banking
The initial payment / funding has to be done from the customer’s own account held with any other bank or Kotak Mahindra Bank
The account number allotted to you is in debit freeze
status to avoid any unauthorized transactions. Transaction will be
allowed post activation of your account after completion of
account opening formalities. In case the documents submitted along
with the application do not comply with the KYC guidelines of the
bank, the application is liable to be rejected and the bank will
not be liable to pay any interest on the amount of deposit & the
refund of amount deposited in the account will be refunded to the
For corporate salary account, this facility is available
for select corporates only
The Term Deposit will be booked with a value date of clear
funds (RBI credit date) with the Bank on prevailing rate for the
This application is available for opening a savings
account or Term Deposit booking by Resident Indian Individuals
In case the documents submitted along with the application
do not comply with the KYC guidelines of the bank, the application
is liable to be rejected and the bank will not be liable to pay
any interest on the amount of deposit.
The particulars contained herein shall be valid for all
accounts opened by me/us or to be opened by me/us hereafter either
singly or with other(s) and/or by me/us in any representative
capacity with the Bank unless informed to you otherwise. I/We have
read/obtained and understood the Terms and Conditions and citizen
charter governing the opening of an account with Kotak Mahindra
Bank Ltd. (the Bank), and those relating to various Services
including but not limited to (a) ATMs (b) Phone Banking (c) Debit
Card (d) Net Banking (e) Payment Gateway (f) Kotak BillPay (g) SMS
Banking (h) Alerts Service (I) Opening of an Investment Account.
I/We understand that the Bank may at it absolute
discretion, discontinue any of the Services completely or
partially without any notice to me/us. I/We agree that the Bank
may debit my account for service charges as applicable from time
I/We understand that investment products are not bank
objects or other obligations of or guaranteed or insured by Kotak
Mahindra Bank Ltd. or their affiliates. They are subject to risk
and possible loss of principal. Past Performance is not indicative
of future performance. I/We hereby declare the above information
is true to the best of my/our knowledge.
I/We shall advise the Bank immediately in the manner as
agreed by me/us and acceptable to the Bank, in case of any change
in the above details and information given by me/us. I/We have
read and understood the terms and conditions available at Bank's
Credit Cards: I understand that the Bank may at its sole
discretion to accept or reject this application. I further agree,
liable and authorize the bank to debit my Kotak Mahindra Bank
Credit Card account for all spends, fees and other charges,
interest etc. on my Card. Service tax and surcharge at applicable
rates will be charged on all fees, charges, interest etc. and I
agree to pay the same. In case I have applied for an Add-On Card I
will be billed separately for the Add-On Card in the monthly
statement. I will be liable for all charges incurred on the Add-On
Card. I undertake to notify the Bank immediately of any change in
the information given for add-on card holders. I also confirm that
I have read and understood the terms and conditions and I agree
that I will be bound by these terms and conditions including those
excluding / limiting the Bank's liability. I understand that Kotak
Mahindra Bank will never ask me for a photo copy of the back of
any credit card that I own.
a. I /We have read and
understood "Terms and Conditions" under which Salary Account
Scheme is offered to my organization and its employees asset
forth on the website www.kotak.com
b. I /We agree that my/our
employer has full right to reverse an instruction given by them
to credit my / our account for any amount within a period of
three working days and I / We will not dispute or hold the bank
responsible for any such debits in my account.
c. I / We understand that it
is my/our responsibility to inform Kotak Mahindra Bank
immediately on termination of my/our employment with my/our
current employer whereupon I /We will cease to enjoy any or all
benefits under Salary Account Scheme.
d. If no salary credits are
made in the account for any continuous six months since the time
of opening the account, Kotak Mahindra Bank reserves the right
to change the status of the salary account to Kotak Mahindra
Bank savings account without any intimation to the account
holder and the terms and conditions as applicable to the Kotak
Mahindra Bank savings account shall apply to this account from
the date of change of the status.
All new to bank customers can fund their account online,
using any Indian Visa/Master Debit Card or from specific list of
Net Banking/Payment Gateway options. The customer has option to
fund between Rs 10000/- to Rs 50000/- . The amount will be
credited into customer account post account activation and basis
availability of clear funds.
In case the account is not activated within 30 days, full
amount will be credited back to the customer via the same channel
of funding and Bank is not liable to pay any interest on the
amount if returned back to customer due to any reason. Refund
process may take 6-8 additional working days.
Interest on the amount funded online/cheque will be paid from the
date of account activation on availability of clear funds.
While transferring funds through online mode(s), the bank
will not accept any responsibility or liability of whatsoever
nature in respect of any loss or damage arising directly or
indirectly to the customer out of the decline due to:
lack of authorization for any
or exceeding the preset limit
mutually agreed by the customer and his/her remitting "Bank(s)",
or any payment issues arising
out of the transaction,
or decline of transaction for
any other reason/s.
Nomination facility is
Customer education brochure
available on Bank's website provides you important information on
Account opening and operations.
All service charges
applicable to the product are available at the branch and on the
Bank's & Kotak Securities website
Bank provides monthly
statement of your bank account free of cost on customer visiting the
Bank extends passbook
facility in lieu of physical statement of Bank account.
Cheuque books are issued to
all Current and Savings accounts customers.
The Net Banking, Phone
Banking and Payment Gateway access, if applied for, is applicable for
all Deposit Accounts and Investment Accounts, existing or to be opened
Transaction rights on Direct
Channel for Investment Accounts are subject to the customer executing
a mandate in favour of the Bank.
All account(s) existing or to
be opened in future will be linked to the Debit Card/payment Gateway.
Customer to give specific instructions if he/she wishes to de-link any
Customer can avail SMS
Banking Services to receive transaction details/information relating
to your Bank account through SMS on the mobile number registered with
"Jointly held" Accounts would
not be given transaction rights through SMS Banking and Net Banking
All accounts will be opened
in the same combination as provided in the Account Opening From by the
All account(s) existing or to
be opened in future will get the account statement as per Account
Statement Option chosen in this Account Opening From / as per the Bank
policy from time to time.
The age considered for Minor
is blow 18 years; for Senior Citizens as 60 years & above.
All alerts, e-newsletter and
promotional mails will be sent to the preferred mobile number and