Bank customers Alert! Bank has revised the charges on many services related to its salary and savings account

Kotak Mahindra Bank: Kotak Mahindra Bank has revised the charges on many services related to its salary and savings account. These charges have been up to date for minimal steadiness in savings account, free transaction restrict, ATM transaction restrict, standing instruction failure restrict and checkbook restrict.

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Kotak Mahindra Bank has revised the charges on many services related to its salary and savings account. These charges have been up to date for minimal steadiness in savings account, free transaction restrict, ATM transaction restrict, standing instruction failure restrict and checkbook restrict. This revision is a part of the financial institution normal schedule and normal checklist of charges. Kotak Mahindra Bank has given details about all these revised charges on its web site.

Also Read: Air India elevated the salary of workers by Rs 15000, introduced an annual bonus of Rs 180000

Kotak Bank has revised these charges

Change in guidelines for common steadiness quantity

Everyday Saving Account

Metro and Urban: Reduced from ₹20,000 to ₹15,000

Semi-urban: Reduced from ₹10,000 to ₹5,000

Rural: Reduced from ₹5,000 to ₹2,500.

Sankalp Savings Account:

Semi Urban and Rural: Remains ₹2,500.

Free money transaction restrict:

Daily Savings Account, Salary Account, Pro Savings, Classic Savings Account

It has now been diminished from 10 transactions or ₹5 lakh to 5 free transactions or ₹2 lakh per thirty days.

Privy Neon/Maxima Program: Now restricted to 7 free transactions or Rs 5 lakh.

Solo Savings Account: Reduced from 2 transactions or ₹1 lakh to 1 free transaction or ₹10,000 per thirty days.

ATM Transaction Limit:

Everyday Savings, Classic Savings, Pro Savings, Ace Savings and Privy Programs:

Kotak ATM: 7 free transactions per thirty days.

Other Bank ATMs: 7 free transactions per thirty days.

Maximum 30 free transactions per thirty days mixed for Kotak and different financial institution ATMs.

Daily Salary and Edge Salary Account:

Kotak ATM: 10 free transactions per thirty days.

Other Bank ATMs: No change, limitless free transactions.

Transaction Failure Fees:

A brand new cost of ₹200 per occasion has been launched for all Savings and Salary plans.

Cheque Book Limit:

Single Savings Account: The variety of free cheque guide pages has been diminished from 25 each year to 5 each year.

Transaction Charges

Fund Transfer (IMPS/NEFT/RTGS): Charges can be relevant after 5 free transactions per thirty days.

Transaction Fail Charges:

Debit Card/ATM Usage Charges: Increased from ₹20 to ₹25 per transaction in case of transaction failure due to inadequate steadiness.

ECS/Cheque issued and then returned:

The price has been elevated from ₹150 to ₹250.

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