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Key updates for Kotak811 Accounts
Kotak811 customers under the 811 EDGE, 811 Limited KYC, and 811 Full KYC variants will see new charges on several banking services.
Revised charges
Demand draft/banker’s cheque: No change for up to 15 transactions per month.
RTGS (Branch): ₹20 per transaction for ₹2–5 lakh, ₹40 per transaction for ₹5 lakh and above.
NEFT: ₹4 per transaction for amounts up to ₹2 lakh.
Cheque book: First 50 leaves free for some accounts.
ATM withdrawals: Free for 3 transactions in top cities, 5 in non-top cities.
Cash withdrawal (Non-home Branch): Free up to ₹25,000 per day.
Cash deposit and withdrawal: Free up to ₹4 lakh per month for select account types.
Below is a breakdown of the changes for Kotak811 account holders:
| Service | Old Charges | New Charges |
| Demand Draft / Banker’s Cheque | ₹1/1000 (min ₹50, max ₹5000) | Same for up to 15 transactions/month |
| RTGS (Branch) | ₹2-5 lakh: ₹20/txn | ₹5 lakh: ₹40/txn |
| NEFT | ₹2 (up to ₹10k) | ₹4 (up to ₹2L) |
| Cheque Book | Free for first 25 leaves | Free for first 50 leaves for some accounts |
| ATM Withdrawals | Free for 3 transactions (top cities) | Free for 5 transactions (non-top cities) |
| Cash Withdrawal (Non-home Branch) | Free for up to ₹10K/day | Free for up to ₹25K/day |
| Cash Deposit & Withdrawal | Free up to ₹2L p.m. | Free up to ₹4L p.m. for some variants |
(Source: Kotak Mahindra Bank website)
Changes to ATM transaction limits
The bank has modified free ATM transactions for Kotak Mahindra Bank debit cards. The number of free transactions per month will vary based on card type and city.
Updates for retail current accounts
Retail current account holders will also see revisions:
Cash pick-up and delivery: Higher charges for larger transaction volumes.
Cheque services: Fees introduced for additional cheque pick-up or delivery beyond the monthly limit.
Customers are advised to review the updated General Schedule of Features and Charges (GSFC) on the Kotak Mahindra Bank website for details.
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