Kotak mahindra bank current account in the leading private sector banks in India. It offers various financial products and services to suit the different business and individual needs. Even though there is no "account opening fee," mentioned by the bank but account holders are required to maintain Average Quarterly Balance (AQB). Before opening a Kotak mahindra bank current account. you need to understand the associated charges to suit your financial needs.
Before opening the Kotak mahindra bank current account, you should understand various charges, including Average Quarterly Balance (AQB) requirements, non-maintenance fees, and transaction costs. Below is a detailed overview:
| Account Type | AQB Requirement | Non-Maintenance Charges | Key Features |
|---|---|---|---|
| Pro Account | ₹50,000 | ₹1,500-₹2,500/quarter | Enhanced forex rates, trade services |
| Edge Account | ₹25,000 | As per bank's policy | Multi-city cheque book, ActivMoney |
| Startup Accounts | Waived for 12 months | None for 12 months | Tailored for startups, beyond banking offers |
| Astra 05 Account | ₹5,00,000 | As per bank's policy | Premium services, higher limits |
| Astra 15 Account | ₹15,00,000 | ₹5,000-₹8,000/quarter | Elite services, dedicated manager |
Kotak mahindra bank current account opening charges stand in the affordable side with no opening fees for accounts like Kotak mahindra bank 811 current account and minimal initial deposits for Kotak mahindra bank current account and business account options. Their 12-month non-maintenance charge waiver for Startup accounts and digital onboarding make Kotak mahindra bank current account a best bank current account for startups in India.
