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 stability 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 stability 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 basic schedule and basic 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 stability 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 lowered from 10 transactions or ₹5 lakh to 5 free transactions or ₹2 lakh monthly.

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 monthly.

ATM Transaction Limit:

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

Kotak ATM: 7 free transactions monthly.

Other Bank ATMs: 7 free transactions monthly.

Maximum 30 free transactions monthly mixed for Kotak and different financial institution ATMs.

Daily Salary and Edge Salary Account:

Kotak ATM: 10 free transactions monthly.

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 lowered from 25 each year to 5 each year.

Transaction Charges

Fund Transfer (IMPS/NEFT/RTGS): Charges will probably be relevant after 5 free transactions monthly.

Transaction Fail Charges:

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

ECS/Cheque issued and then returned:

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

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