INDUSTRY PROFILE

 INTRODUCTION

“Think Investment Think Kotak”

Banks like Kotak Mahindra, standard chartered, ICICI, HDFC, and Citibank now
bring your Bank Account and Debit card to your fingertips. With Mobile commerce, you
can perform a wide range of query-based transactions from your Mobile Phone, without
even making a call.

Kotak Mahindra is one of India's leading financial institutions, offering complete

financial solutions that encompass every sphere of life. From commercial banking, to
stock broking, to mutual funds, to life insurance, to investment banking, the group caters
to the financial needs of individuals and corporate.

The group has a net worth of over Rs.1, 800 crore and employs over 4,400 employees in
its various businesses. With a presence in 82 cities in India and offices in New York,
London, Dubai and Mauritius, it services a customer base of over 5, 00,000.

Kotak Mahindra has international partnerships with Goldman Sachs (one of the
world's largest investment banks and brokerage firms) and Old Mutual (a large insurance,
banking and asset management conglomerate).
The Kotak Mahindra Group was born in 1985 as Kotak Capital Management Finance
Limited. This company was promoted by Uday Kotak, Sidney A. Pinto and Kotak &
Company. Industrialists Harish Mahindra and Anand Mahindra took a stake in 1986, and
that's when the company changed its name to Kotak Mahindra

Finance Limited. Since then it's been a steady and confident journey to growth and
success.

In October 2005, Kotak Group acquired the 40% stake in Kotak Prime held by Ford Credit
International (FCI) and FCI acquired the stake in Ford Credit Kotak Mahindra (FCKM) held by
Kotak Group.

In May 2006, Kotak Group bought 25% stake held by Goldman Sachs in Kotak Capital and
Kotak Securities.
1986 Kotak Mahindra Finance Limited starts the activity of Bill Discounting
1987 Kotak Mahindra Finance Limited enters the Lease and Hire Purchase market
1990 The Auto Finance division is started
The Investment Banking Division is started. Takes over FICOM, one of India's
1991
largest financial retail marketing networks
1992 Enters the Funds Syndication sector
Brokerage and Distribution businesses incorporated into a separate company -
1995 Kotak Securities. Investment Banking division incorporated into a separate
company - Kotak Mahindra Capital Company
The Auto Finance Business is hived off into a separate company - Kotak
Mahindra Prime Limited (formerly known as Kotak Mahindra Primus Limited).
1996 Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra
Limited, for financing Ford vehicles. The launch of Matrix Information Services
Limited marks the Group's entry into information distribution.
Enters the mutual fund market with the launch of Kotak Mahindra Asset
1998
Management Company.
Kotak Mahindra ties up with Old Mutual plc. for the Life Insurance business.
Kotak Securities launches its on-line broking site (now
2000
www.kotaksecurities.com). Commencement of private equity activity through
setting up of Kotak Mahindra Venture Capital Fund.
Matrix sold to Friday Corporation
2001
Launches Insurance Services
Kotak Mahindra Finance Ltd. converts to a commercial bank - the first Indian
2003
company to do so.
2004 Launches India Growth Fund, a private equity fund.
Kotak Group realigns joint venture in Ford Credit; Buys Kotak Mahindra Prime
(formerly known as Kotak Mahindra Primus Limited) and sells Ford credit
2005
Kotak Mahindra.
Launches a real estate fund
Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital
2006
Company and Kotak Securities
 COMPANY’S PROFILE

 History

Established in 1984, The Kotak Mahindra Group has long been one of India’s most
reputed financial organizations. In Feb 2003, Kotak Mahindra Finance Ltd., the group’s
flagship company was given the license to carry on banking business by the Reserve
Bank of India (RBI).This approval creates banking history since Kotak Mahindra Finance
Ltd is the first company in India to convert to a bank. The license authorizing the bank to
carry on banking business has been obtained from the RBI in tune with Section 22 of the
Banking Regulation Act 1949.

KMBL was promoted by Mr. Uday.S.Kotak, Kotak and Company Ltd and Mr. Sidney
&A.A.Pinto under the name of Kotak Capital Management Finance Ltd on 21st Nov
1985 and obtained a Certificate of Commencement of Business on 11th Feb 1986.

The bank customers have access to entire VISA network of 4500 ATM’S in India and
800000ATM’S worldwide accepted in more than 56000 establishments across India and
10 million worldwide. The customer also has access to over 800 ATM’s with sharing
arrangements with UTI BANK, of these 125 are in the NCR.

Corporate Identity:
 Key group companies and their businesses:

 Kotak Mahindra Bank

The Kotak Mahindra Group's flagship company, Kotak Mahindra Finance Ltd
which was established in 1985, was converted into a bank- Kotak Mahindra Bank
Ltd in March 2003 becoming the first Indian company to convert into a Bank. Its
banking operations offer a central platform for customer relationships across the
group's various businesses. The bank has presence in Commercial Vehicles,
Retail Finance, Corporate Banking, Treasury and Housing Finance.

 Kotak Mahindra Capital Company

Kotak Mahindra Capital Company Limited (KMCC) is India's premier Investment

Bank. KMCC's core business areas include Equity Issuances, Mergers &
Acquisitions, Structured Finance and Advisory Services.

 Kotak Securities

Kotak Securities Ltd. is one of India's largest brokerage and securities distribution
houses. Over the years, Kotak Securities has been one of the leading investment
broking houses catering to the needs of both institutional and non-institutional
investor categories with presence all over the country through franchisees and
coordinators. Kotak Securities Ltd. offers online (through
www.kotaksecurities.com) and offline services based on well-researched
expertise and financial products to non-institutional investors.
 Kotak Mahindra Prime

Kotak Mahindra Prime Limited (KMP) (formerly known as Kotak Mahindra

Primus Limited) has been formed with the objective of financing the retail and
wholesale trade of passenger and multi utility vehicles in India. KMP offers
customers retail finance for both new as well as used cars and wholesale finance
to dealers in the automobile trade. KMP continues to be among the leading car
finance companies in India.

 Kotak Mahindra Asset Management Company

Kotak Mahindra Asset Management Company Kotak Mahindra Asset

Management Company (KMAMC), a subsidiary of Kotak Mahindra Bank, is the
asset manager for Kotak Mahindra Mutual Fund (KMMF). KMMF manages
funds in excess of Rs 15,916 crore and offers schemes catering to investors with
varying risk-return profiles. It was the first fund house in the country to launch a
dedicated gilt scheme investing only in government securities.

 Kotak Mahindra Old Mutual Life Insurance Limited

Kotak Mahindra Old Mutual Life Insurance Limited is a joint venture between
Kotak Mahindra Bank Ltd. and Old Mutual plc. Kotak Life Insurance helps
customers to take important financial decisions at every stage in life by offering
them a wide range of innovative life insurance products, to make them financially
independent.
  Kotak's International Business

With a presence outside India since 1994, the international subsidiaries of Kotak
Mahindra Bank Ltd. operating through offices in London, New York, Dubai, San
Francisco, Singapore and Mauritius specialize in providing asset management
services to specialist overseas investors seeking to invest into India. The offerings
are differentiated India investment solutions that span all major asset classes
including listed equity, private equity and real estate. The subsidiaries also lead
manage and underwrite international issuances of securities. With its
commendable track record, large presence on the ground and a team of dedicated
staff in India, Kotak’s international arm is suitably positioned for managing assets
in the Indian Capital markets.

Group Structure

Includes direct and indirect holdings

Awards

2009

• Kotak Mahindra Bank was awarded Hewitt Best Employers in India 2009
• Kotak Mahindra Bank was ranked in the top 5 of companies with “Best Corporate
Governance Practices” in Asia/Pacific - IR Global Rankings 2009
• Kotak Mahindra Bank and Oracle Siebel won the “Best CRM/Applications
Project Award 2009” at the IT Implementation Awards 2009 by The Asian
Banker
• Kotak Mahindra was adjudged India’s overall the “Best Private Banking
Services” award by Euromoney 2009
• Kotak Credit Cards- Kotak Royal Signature’s card is chosen “Product of the
Year” by Nielsen who surveyed 40,000 consumers.
• Kotak Life Insurance plans were rated amongst the best in the industry for a
second year in a row in the annual ULIP Ranking carried out by Outlook Money.
o Outlook Money awarded the 1st Rank to Kotak Platinum Advantage Plan
in Type II ULIPs category
o Outlook Money awarded 4th Rank to Kotak Long Life Wealth Plus plans
in the Type I ULIPs category, concluding that “Kotak Life has a product
portfolio which delivers what customers want.”
• Kotak Life Insurance plans were rated amongst the best in the industry for a
second year in a row in the annual ULIP Ranking carried out by Outlook Money.
• Kotak Securities- Best Brokerage Firm in India - Asiamoney, 2008
• Kotak Securities- Selected “Business Superbrand India 2008
• Kotak Securities - “India Equity House of the Year 2008” award from IFR Asia
• Kotak Securities - “Best Equity House in India” by FinanceAsia in 2008
• Kotak Securities - “Best Equity House in India” by Asiamoney in 2008
• Kotak Securities - “Best Brokerage and Best Analyst (Sanjeev Prasad) in India” in
the Asiamoney 2008 Brokers Poll
• Kotak Investment Banking was awarded the “Best Domestic Investment Bank
2008” by Triple A Asset Asian Awards
 • Kotak Investment Banking was ranked “Best Investment Bank in India” by
Global Finance in 2008
• Kotak Mutual Fund:
o Kotak Liquid – Regular Plan has been ranked as a Seven Star Fund in the
category of “Open-Ended Liquid” schemes for its 1 year performance till
December 31, 2008- ICRA Online Limited
o Kotak Flexi Debt Fund has been ranked as a Five Star Fund in the
category of “Open-Ended Liquid Plus” schemes for its 1 year performance
till 31 December 2008 - ICRA Online Limited
o Kotak Flexi Debt Fund has been ranked as a Five Star Fund in the
category of “Open-Ended Liquid Plus” schemes for it’s 3 year
performance till 31 December 2008 - ICRA Online Limited
o Kotak 30 has been ranked as a Five Star Fund in the category of “Open
Diversified Equity- Defensive” for its 3 year performance- ICRA Online
Limited. The Five Star category comprises of funds in the top 10
percentile in performance.
• Kotak Investment Banking was named “Best Investment Bank” and “Best Equity
House in India” by FinanceAsia Best Bank Awards 2008 and was named “Best
Domestic Equity House” by Asia Money Best Bank Awards 2008.
• Awarded the Best Domestic Investment Bank and the Best Equity House in The
Asset Triple A Country Awards for the period October 1, 2007 to September 30,
2008.

2008

• Kotak Investment Bank was awarded the “Best Investment Bank” in the domestic
category in India by Finance Asia for the second year in a row.
• Kotak Mutual Fund-Kotak Bond Short Term won ICRA Mutual Fund Gold
Award in the short term Debt category for 1 year & 3 year – 2008
• Kotak Securities was awarded the leading Equity house in India for 2007 by
Thomson Extel Survey Awards for Asia Pacific.
• Kotak Mahindra Bank was awarded as Best Security Strategist by Microsoft India
and Best IT Implementation for Information security by PCQUEST
• Kotak Securities- Best Brokerage Firm in India - Asiamoney, 2007
• Kotak Bank emerged in top 3 in 23 categories, including No.1 in 11 categories in
the Euromoney Private Banking Poll 2008.
• Kotak Mahindra Bank IT team got 4 awards (including Best IT Team of the year
for the 3rd consecutive year, at the annual BANKING Technology Awards 2008.
• Kotak Investment Banking for CY2007 was ranked no 1 by India Advisory
Partners for Mergers & Acquisitions
• Kotak Mutual Fund was adjudged as the’ best debt fund house’ and was awarded
‘wealth creator award’ at Outlook Money NDTV Profit 2007 awards
• Kotak Securities was awarded the Avaya Global Connect Customer
Responsiveness Awards in Financial Service Sector, 2007
• Kotak Securities was awarded Best Performing Equity Broker in India - CNBC
TV 18" – Optimix Financial Advisory Awards, 2008
• Kotak Mahindra Bank was in the Top 5 for Corporate Governance amongst
companies by technical criteria by IR Global Rankings 2008 for the Asia Pacific /
Africa region.
• Kotak’s Investor Relation website was adjudged the most voted company in Asia
Pacific / Africa by IR Global Rankings 2008 in five categories; Corporate
Governance Practices, Financial Disclosure Procedures, IR Team, IR Program
and IR Website.
• Housing Finance Division of the Bank won the award for “Best in Customer
Information and Responsiveness” among all HFI’s and Banks in the award hosted
by Maharashtra Chamber of Housing Industry (MCHI).
• Kotak Investment Banking was ranked No. 1 for FY08 by Prime Database for two
league tables (a) India Domestic IPOs, (b) Qualified Institutional Placements
including Government Divestments.
• Kotak Mutual Fund’s three equity schemes (Kotak 30, Kotak Opportunities and
Kotak Balance) have been ranked CPR 1 by CRISIL for Q4 FY08.
2007

• Kotak Mahindra Bank IT team got 6 awards (including Best IT Team of the year
for the 2nd consecutive year, Best overall winner), organized by IBA in
recognition of achievements in Banking Technologies.
• Kotak Securites was ranked The Most Customer Responsive Company for 2007
(Category - Financial Services) by Avaya Globalconnect
• Adjudged the “best debt fund house” and was awarded “wealth creator award” at
Outlook Money NDTV Profit 2007 awards
• Emerged in top 3 in 23 categories, including No. 1 in 11 categories in the
Euromoney Private Banking Survey Poll for 2008
• Topped the Asiamoney Brokers Poll as the Best Brokerage firm in India in 2007
• Bank was awarded as Best Security Strategist by Microsoft India and Best IT
Implementation for Information security by PCQUEST
• Awarded the leading Equity house in India for 2007 by Thomson Extel Survey
Awards for Asia Pacific
• Awarded the 10th Best Employer in the recently conducted Hewitt’s Best
Employers in India 2007 Study
• Best Investment Bank in India by Finance Asia
• Most Popular Investor Relation Website for the Asia/Pacific Region conducted by
IR Global Rankings
• Emerged winner in 16 categories in the Euromoney Private Banking Poll 2007,
including the Best local Private Bank

2006

• Emerged in top 2 in 6 categories, including No 1 in 3 categories and "IT Team of

the Year" award at the annual Banking Technology Awards 2007
• Runner’s up in the “Best Payments Initiative” category at the annual Banking
Technology Awards 2006
• Kotak Securites was ranked The Most Customer Responsive Company for 2006
(Category - Financial Services) by Avaya Globalconnect
 • Awarded the Best Domestic Investment Bank and the Best Equity House in The
Asset Triple A Country Awards
• Awarded Voice of Customers Award for the Best Passenger Vehicle Finance
Company in India in 2006 by Frost & Sullivan
• Winner in 33 categories in the Asiamoney Private Banking Poll 2006 including
the Best Private Bank award in Southern Asia
• Ranked no. 1 in six categories in the Annual Euromoney Private Banking Survey
Poll for 2006 for India
• Best Investment Bank in India by Finance Asia
• Ranked # 1 in the league table for Book runner/ Lead Manager in public equity
offerings in terms of the value of transactions completed during fiscal 2006
according to Prime Database
• Best Broker in India by Finance Asia
• Topped the Asiamoney 2006 Brokers Poll as the Best Local Broker
• Adjudged the best Mutual Fund House in the NDTV Business Leadership Award
2006
• Best Bond Fund Group over Three Years by Lipper Fund Awards India
• Ranked the best debt fund over 5 years by Lipper for the Kotak Bond Regular
Plan
• Ranked ICRA-MFR1 and was the recipient of the Silver Award by ICRA for the
'Kotak Bond Regular Plan'

2005

• Ranked as the top mergers & acquisitions advisor in India in terms of the value of
mergers & acquisitions deals announced from January to December 2005,
according to Bloomberg
• Topped the India Advisory Partners Indata League table in terms of the value of
deals announced for the calendar year 2005
• Ranked # 1 in the league table for Book runner/ Lead Manager in public equity
offerings in terms of the value of transactions completed during fiscal 2005
according to Prime Database
 • Best Broker in India by Finance Asia
• Best Equity House in India by Euromoney

2004

• Best Investment Bank in India by Finance Asia

• Ranked # 1 in the league table for Book runner/ Lead Manager in public equity
offerings in terms of the value of transactions completed during fiscal 2004
according to Prime Database
• Best Investment Bank in India by Global Finance
• India’s Best Equity House in India by Finance Asia
• Best Equity House in India by Euromoney
• Best Equity House in India by Asiamoney
• Best India Equity House by IFR

2003

• Best Investment Bank in India by Finance Asia

• Ranked # 1 in the league table for Book runner/ Lead Manager in public equity
offerings in terms of the value of transactions completed during fiscal 2003,
according to Prime Database
• Best Equity House in India by Euromoney
• Best Equity House in India by Asiamoney

About Kotak Mahindra Bank Limited (KMBL)

Established in 1985, The Kotak Mahindra group has long been one of India's most
reputed financial organizations. In February 2003, Kotak Mahindra Finance Ltd, the
group's flagship company was given the license to carry on banking business by the
Reserve Bank of India (RBI). This approval creates banking history since Kotak
Mahindra Finance Ltd. is the first company in India to convert to a bank.
The banking operations offers a central platform for customer relationships across the
group's various businesses, which include:

 Retail Liabilities: Current Accounts, Savings Accounts & Fixed returns

investment products
 Retails Assets: Loans of all kinds – personal loans, car loans, home loans etc.
 Corporate Banking: Small & medium scale enterprises & large cap entities
 Treasury: Forex and Bullion etc.
 Wealth Management: Investment management for HNIs

Network Strength of KMBL

 No. of branches & locations : 215+ branches across 125+ locations

 No. of Kotak ATMs : 382+
 No. of HDFC Bank (Partner bank) : 2900+
ATMs
 No. of VISA ATMs : 20000+ in India & 1 Million worldwide
 No. of outlets accepting Kotak : 100000+ in India & 1 Million worldwide
Debit card
 No. of local cheque collection : 215+
locations
 No. of outstation cheque collection : 10000+ (Tie-up with 11 Correspondent
locations banks)
 No. of payable at-par cheque : 300+ (125+ Kotak, 200+ Correspondent
locations banks locations.
 No. of DD payment locations : 1100+ (125+ Kotak, 200+ Correspondent
banks locations.

Board of Directors:
Dr. Shankar Acharya
Chairman

Mr. Uday Kotak

Executive Vice Chairman & Managing Director

Mr. Anand Mahindra

Mr. Cyril Shroff
Mr. Pradeep Kotak
Mr. Shivaji Dam
Mr. C. Jayaram
Executive Director

Mr. Dipak Gupta

Executive Director

Mr. Asim Ghosh

Ms. Bina Chandarana
Secretary & Senior Vice President
KOTAK PRODUCTS AND SERVICES

Kotak Mahindra Bank, addresses the entire spectrum of financial needs for individuals
and corporate. They have the products, the experience, the infrastructure and most
importantly the commitment to deliver pragmatic, end-to-end solutions that really work.

These main service provision areas again have a number of sub-areas under them.

Banking and Savings

• Banking Accounts
• Convenience Banking
• Credit Cards
• NRI Services
• Demat
• Deposits

Corporate and Institutional

• Corporate Finance
• Treasury
• Investment Banking
• Institutional Equities

Investments and Insurance

• Life Insurance
• Estate Planning
• Mutual Funds
• Gold
• Share Trading
• Structured Products
Loans and Borrowings

• Car Finance
• Commercial Loans
• Home Loans
• Personal Loans
• Loans Against Property

Kotak Mahindra Bank Limited also sponsors Kotak Mahindra Mutual fund. Kotak
Star Kid is the new offer from Kotak Mahindra Mutual fund. It is a unique product
which is essentially a mutual fund along with insurance coverage available in a single
package.

I have taken only core products and services into consideration and they are as follows:

 Saving Account
 Current Account
 Term Deposit (Fixed Deposit Account)
 Demat Account
 Cards
 Safe Deposit Lockers
 Convenience Banking

(A). DEPOSITS ACCOUNTS

 Savings Account
 Current Account
 Term Deposits

SAVINGS ACCOUNT:

The Kotak Savings Accounts are designed to ensure that customers receive the benefits
of quick & convenient banking transactions along with options for their money to earn
high returns. The savings account goes beyond the traditional role of savings, to provide a
range of services from funds transfer options to online payments of bills to attractive
returns earned through a comprehensive suite of investment options.

It have a number of variants of savings accounts customized to suit the individual needs
so customers can pick the one that matches their requirements & sit back to enjoy the
Kotak experience!

Types of Saving Accounts :

The three main types of Savings Accounts are:

• Ace Savings Account

• Pro Savings Account

• Edge Savings Account

The other types of Savings Accounts are:

• Nova Savings Account

• Classic Savings Account-available only in selected locations

• Easy Savings Account (No Frills Account)

• Corporate Savings Account

Features:

 ActivMoney: Multiply the returns from the idle balance in the Savings Account
ActivMoney ensure that customer can make the best use of the idle funds in his
Savings Account. Balance above a pre-defined threshold is transferred into a fixed
 deposit, thus earning attractive return of a term deposit. Above that, this amount is
always available to them anytime without any penalty on pre-mature encashment.

 Investment Account: Enjoy flexibility of investing any time, and from any
place the
internet banking login also gives access to the investment account. Customer can
purchase, redeem and place standing instruction to purchase MF units from over
20 Indian Mutual Fund houses either online through Kotak Net Banking, or
calling 24 Hours Customer Contact Centre or simply by filling a convenient
transaction form. He can also keep a track of the latest NAV's of the schemes in
which he have invested.

 Bill Payment: Pay Bills from your Bank Account

Avail the Bill Payment facility and pay bills from over 115 billers through Net
Banking, Phone Banking and also from the bank branch. With the AutoPay
facility, one can register for automatic payments of the bills through his/her bank
account. One can either select to pay the entire bill amount or set a limit towards
the AutoPay amount thus giving access to a completely hassle free bill payment
process!

 Family Savings Account: Share banking experience with the Family

The Kotak Ace Savings package allows one to extend the Kotak banking
experience to three of his family members and Kotak Pro Savings Package allows
him to extend the Kotak banking experience to one family member.
 Net Card: Safest option to purchase online

Kotak Netc@rd is a single use, limited validity online card created by customer,
from his bank account. It cannot be used after the first payment and vanishes if
not used for 48 hours. Netc@rd has universal acceptance of a VISA card and
operates in a highly secure environment.

 Wealth Statement: Snapshot of the bank balance & Investments

With this account, one get details of his Savings Account, Current Account, Fixed
Deposits, Demat a/c and Mutual Funds – all in a single account statement. It also
gives a graphical representation of his asset allocation.

 Mobile Banking: Your mobile phone is now your bank

Customer can now access his bank accounts and investment account anywhere,
anytime on his mobile phone. He can check his account balance, transfer funds to
any Kotak Mahindra Bank account, purchase or redeem mutual funds using
Mobile Banking.

 Home Banking: Why come to the Bank, when the Bank comes to you!

**Home Banking offers the convenience of pick-up and delivery of cash and
instruments from the home. All one need to do is to call Customer Contact Centre
and place a request.

 Free Anywhere Banking: Bank at any Kotak Mahindra Bank for Free!

Anywhere Banking allows customer to transact at any Kotak Mahindra Bank

branch, FREE OF COST! Its growing branch network ensures that Anywhere
Banking offers customer the convenience in his banking operations.

 Other Value Added Services:

• All Visa Access (Domestic & International)
 • At Par Cheque Book
• Free SMS Alerts
• Free Phone Banking & Net Banking

**Subject to availability of services.

1. Ace Savings Account

Kotak Mahindra Bank's Ace Savings Account has been designed as a gateway to a world
of financial benefits and privileged banking transactions. The account carries benefits
ranging from personal investment advisory services to free banking transactions. KMBL
will find that this package of services and privileges is unmatched by any other savings
account in the market.

The Kotak Ace Account is the top-end variant of the Kotak Savings Account, where one
can also enjoy a wide range of free services and greater financial flexibility. This top end
Savings Account variant is suited for those who would like to avail maximum banking
and investment related benefits, over and above the numerous FREE services provided by
the Kotak Pro Savings Account.

One can enjoy the advantages of the Kotak Ace Savings Account by maintaining an
Average Quarterly Balance of Rs. 75,000.

Note: Subject to maintenance of the required AQB in the Ace Savings Account.
NMC: Non-Maintenance Charge
2. Pro Savings Account

Kotak Mahindra Bank´s Pro Savings Account is an account packed with powerful
features to provide customers a superior banking experience at a very comfortable
balance requirement. KMBL provide customer a relationship manager who will
specifically take care of your banking and investment needs.

The Kotak Pro Savings Account is the most recommended of their Savings Account
suite. It offers the ‘best in class’ features at a very manageable quarterly balance. This
account is ideally suited for those who are interested in availing banking related benefits,
as well as taking advantage of the numerous FREE services provided by the Kotak Pro
Savings Account.

As one glance through the numerous features and benefits of this account, he will quickly
see why this is truly the new age savings account.

One can enjoy the advantages of the Kotak Pro Savings Account by simply maintaining
an Average Quarterly Balance of Rs. 20,000.

Note: Subject to maintenance of the required AQB in the Pro Savings Account.
NMC: Non-Maintenance Charge
3. Edge Savings Account

Kotak Mahindra Bank´s Edge Savings Account is a complete financial package

customized to suit one’s individual banking needs. Its constant endeavour is to enable
regular financial transactions through its online platform so that most of the payments can
be made directly through customer own account or card.

The Kotak Edge Account is the basic variant of the Kotak Savings Account. It has been
designed to suit the requirements of the new age professional, who wants a bank account
to provide that little bit extra to be able to live life worry-free. This account is ideally
suited for those who are interested in availing of the banking related benefits, without the
additional FREE services provided by the Kotak Pro Savings Account.

One can enjoy the advantages of the Kotak Edge Savings Account by simply maintaining
an Average Quarterly Balance of Rs. 10,000.
Table 1: General Schedule of Features and Charges for Savings Accounts:

Effective April 1, 2009

Standard
Particulars
Charges (Rs.)
Edge Pro Ace
AVERAGE QUARTERLY
BALANCE (AQB)
NA 10000 20000 75000
REMITTANCE
2.5 per 1000 Free upto
DD AT BRANCH LOCATION /
PAY ORDER (Min 50 Max * 100k per Free
10000) day
2.5 per 1000 Free upto
DD AT OTHER THAN Free upto
BRANCH LOCATION (Min 50 Max * 100k per
50k per day
10000) day
DD/PAY ORDER BY CASH 2.5 per 1000
PAYMENT (Applicable for
customers not having a Savings (Min 50 Max NA NA NA
Account) 10000)
500 plus
Foreign
FCY DD Currency * * *
Conversion
Charges
250 plus
Foreign
FCY TT - Corr Bank Charges
borne by beneficiary Currency * * *
Conversion
Charges
1000 plus
Foreign
FCY TT - Corr Bank Charges
not borne by beneficiary Currency * * *
Conversion
Charges
FUND TRANSFER Free Free Free Free
NEFT ( PER TRANSACTION) Up to 100000:
** Free Free Free
5; >100000 : 25
100000 to
RTGS ( PER TRANSACTION) 500000:25; * * Free
>500000: 50
COLLECTION
LOCAL CLEARING CHEQUE Free Free Free Free
Instrument
value up to
OUTSTATION CHEQUE 500 : Free; >
COLLECTION - BRANCH 500 but <
LOCATION (PER 10000: * Free Free
35;
INSTRUMENT) 10000 to
100000: 100; >
100000 : 150
Instrument
value < 10000:
OUTSTATION CHEQUE 35; 10000 to
COLLECTION - OTHER
THAN BRANCH LOCATION 100000: 100; > * * Free
(PER INSTRUMENT) 100000 : 150
Corr Bank
Charges extra
0.3% of TC
Amount (Min
50) plus
TC ENCASHMENT Foreign * * Free
Currency
Conversion
Charges
500 plus
Foreign
FCY CHEQUE COLLECTION Currency * * *
Conversion
Charges
ANYBRANCH BANKING CHARGES
2.5 per 1000 Free upto
CASH DEPOSIT AT OTHER Free upto
THAN HOME LOCATION (Min 50 Max * 100k per
50k per day
10000) day
CASH WITHDRAWAL AT 2.5 per 1000
Free upto
OTHER THAN HOME (Min 50 Max Free Free
LOCATION 50k per day
10000)
CHEQUE RELATED CHARGES
Free upto
AT-PAR CHEQUE BOOK 1.5 per cheque
CHARGES 25 leaves Free Free
leaf
per quarter
NON AT-PAR CHEQUE 1.5 per cheque
BOOK CHARGES Free Free Free
leaf
INTERCITY CLEARING 2.5 per 1000 Free upto Free upto Free
 (Min 50 Max 50k per 100k per
CHARGES
10000) month month
350 per cheque
for first return
in a month
CHEQUE ISSUED &
therafter 750
RETURNED (FINANCIAL * * *
REASON) per cheque for
cheque returned
in the same
month
CHEQUE ISSUED &
RETURNED (TECHNICAL Free Free Free Free
REASON)
ECS RETURN 200 * * *
CHEQUE DEPOSITED &
RETURNED (INR) 100 * * *
CHEQUE DEPOSITED &
RETURNED (FCY) 1000 * * *
DEBIT CARD ISSUANCE CHARGE
CLASSIC DEBIT CARD -
ISSUANCE CHARGE 100 Free Free Free
GOLD DEBIT CARD -
ISSUANCE CHARGE 500 * Free Free
DEBIT CARD ANNUAL CHARGE
CLASSIC DEBIT CARD - (Free for
PRIMARY
100 Free Free
First Year)
CLASSIC DEBIT CARD -
SUPPLEMENTRY 100 * * Free
CLASSIC DEBIT CARD -
ADD- ON 250 * * Free
Free for 1st
GOLD DEBIT CARD - year,
PRIMARY
500 * Free
thereafter
250 pa
GOLD DEBIT CARD -
SUPPLEMENTRY 500 * * Free
Free
GOLD DEBIT CARD - ADD-
ON
500 * *

ATM TRANSACTION CHARGES

CASH WITHDRAWAL AT Free Free Free Free
OWN ATM
CASH WITHDRAWAL AT As per RBI
DOMESTIC PARTNER ATM
Free Free Free
Guidelines
CASH WITHDRAWAL AT As per RBI
OTHER DOMESTIC ATM
* Free Free
Guidelines
CASH WITHDRAWAL AT
INTERNATIONAL ATM 110 * * Free
BALANCE ENQUIRY AT
INTERNATIONAL ATM 15 * * Free
VISA GLOBAL ASSIST
CHARGES USD 5 * * *
VISA GLOBAL ASSIST
CHARGES FOR LOST CARD USD 35 * * *
DECLINE IN ATM/POS
25 per
TRANSACTION DUE TO Free Free Free
INSUFFICENT BALANCE transaction
HOME BANKING CHARGES
One call
One call per
CASH PICK-UP / DELIVERY 150 * per day
day Free
Free
Free
One call
INSTRUMENT PICK-UP /
DELIVERY 50 * per day
Free

STANDING INSTRUCTION
STANDING INSTRUCTION -
SET-UP
50 * * Free
STANDING INSTRUCTION -
AMDENDMENT
25 * * Free
STANDING INSTRUCTION -
EXECUTION
Free Free Free Free
Free

STANDING INSTRUCTION -
FAILURE 25 * *

CERTIFICATE & REPORT ISSUANCE CHARGES

CURRENT YEAR BALANCE Free Free Free Free
AND INTEREST STATEMENT
PREVIOUS YEAR BALANCE
AND INTEREST STATEMENT 100 * * Free
SIGNATURE VERIFICATION
CERTIFICATE 25 * * Free
PHOTO ATTESTATION 50 * * Free
ADDRESS CONFIRMATION 50 * * Free
FOREIGN INWARD
REMITTANCE 100 * * Free
CERTIFICATE
DUPLICATE TDS
CERTIFICATE
100 * * Free
ACCOUNT STATEMENT & PASSBOOK
PHYSICAL ACCOUNT
STATEMENT (QUARTERLY)
Free Free Free Free
MONTHLY E-MAIL
ACCOUNT STATEMENT
Free Free Free Free
ACCOUNT STATEMENT
WEEKLY (PHYSICAL)
300 per qtr. * * *
ACCOUNT STATEMENT
DAILY (PHYSICAL)
1500 per qtr. * * *
Through
DUPLICATE /AD-HOC
Branch: 100;
STATEMENT BRANCH * * Free
BANKING (90 days) Through
Net/ATM: 50
PASS BOOK (IN LIEU OF
ACCOUNT STATEMENT)
Free Free Free Free
DUPLICATE PASSBOOK 250 * * Free
OTHER CHARGES
AQB more AQB more
than 50% than 50%
but less but less
than than
NON MAINTENANCE
CHARGE (QUARTERLY) NA required required 1200
AQB: 750; AQB: 750;
AQB less AQB less
than 50%: than 50%:
1000 1000
CHARGES IF AQB Standard charge * * *
MAINTAINED IS LESS THAN is applicable
OR EQUAL TO 75% OF
STIPULATED
(irrespective of
REQUIREMENT # free each
product) for
 Cheque leaf,
DD/BC,
Decline in
ATM/POS
transaction due
to insufficient
balance , and
Home Banking.
Phone Banking
@ 50 per call,
Debit Card @
75 per qtr. and
Cash Deposit
@ 4 per 1000.
DD / PO / BC REVALIDATION
/ CANCELLATION - INR
100 * * *
500 plus
Foreign
DD / PO / BC REVALIDATION
/ CANCELLATION - FCY Currency * * *
Conversion
Charges
REGENERATION OF PIN 50 ( sent
(ATM/PHONE/NET) * * Free
through courier)
CLASSIC DEBIT CARD
REPLACEMENT OF 200 * * *
LOST/STOLEN CARD
GOLD DEBIT CARD
REPLACEMENT OF 500 * * Free
LOST/STOLEN CARD
STOP PAYMENT - SINGLE / 100; Free over
RANGE OF CHEQUES * * Free
net banking
Individual: 50;
FOREIGN CURRENCY
CONVERSION CHARGE Non Individual: * * *
100
ACCOUNT CLOSURE (If
closed after 1 month and before NA 600 600 1200
7 months of a/c opening)
DAILY BALANCE SMS
ALERT 200 per annum * * *
WEEKLY BALANCE SMS
ALERT 75 per annum * Free Free
TAX COLLECTION CHARGE
THROUGH INTERNET Free Free Free Free
BANKING
TAX COLLECTION CHARGE 100 * * Free
AT BRANCH
TOD CHARGES 500 * * *
CHEQUE PURCHASE 0.5/1000 (Min
CHARGES
* * *
50 Max 10000)
RECORD RETRIEVAL
CHARGES 100 per request * * Free

* Indicates Charged Service. Applicable Charges will be as per Standard Charge.

# Not Applicable for Easy (No-Frills) Savings Account.

** Indo - Nepal Remittance Scheme (NEFT Charges):

If Beneficiary Maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes)
If Beneficiary does not Maintain an Account with Nepal SBI Bank Ltd (NSBL): Upto Rs 5000 - Rs 75
per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes)

Service Charges to account holders in Rural / Semi-urban branches

Savings Nova and Savings Classic Accounts are available in Rural / Semi-urban branches with
reduced AQB requirement of Rs. 5,000 and Rs. 10000 respectively. The features offered and charges
applicable are the same as Savings Edge and Savings Pro where the AQB requirement is Rs. 10000
and Rs. 20000 respectively.

Service Charges for Senior Citizens

Following charges are waived in case of accounts where the primary account holder is a senior
citizen: Duplicate Pass book issuance, Account Closure charges, Cheque Return (Outward i.e. cheque
deposited for collection and returned)

Additionally Standard Charges for DD/BC Issuance (Indian Rupees) will be Rs. 2 per 1000 (as against
regular charges of Rs. 2.50 per Rs.1000).

Service Charges for Synergy Savings Account

Synergy Savings Account will be same as Edge Savings Account with reduced AQB requirement of
Rs. 5000

Service Charges for Easy (No-Frills) Account

For Easy (No Frills) Account, Minimum AQB requirement: Rs. 100, Non-maintenance Charge : Rs.
25/- per quarter. Account Closure Rs. 100, Classic Debit Card issuance charge waived: First Cheque
book: Free, thereafter, Standard Charges will apply, Home Banking not offered. All other services
will be charged as per the Standard Charges.
Please Note

All Services, where a free limit is specified, usage beyond the free limit will be charged as per the
standard charge of the respective service.

For all value figures k = 1000

Charges are exclusive of the Service Tax and education cess, which is currently 10.3%. The same is
subject to change.

The above charges are subject to revision with a prior intimation of 30 days to all account holders.
Closure of account due to revision of charges will not be subject to account closure charges.
Monthly physical statements will be issued free to account holders on them personally visiting the
home branch for the same.

CURRENT ACCOUNT

Kotak Mahindra Bank offers unparalleled advantages with its three Current Account
offerings. Whether a person have a small/ mid size business or he has an enterprise
spread across multiple locations in the country, he would find a Current Account that's
just designed for him. With features ranging from Free DDs, Free Cheque Collection,
Free At -Par Cheque facility to Free Trading Account & free Demat Account, and more!

Types of Current Accounts:

• Neo Current Account

• Edge Current Account
• Pro Current Account
• Elite Current Account
• Ace Current Account
Kotak Mahindra Bank believe that every little thing matters. That’s why it bring the
Kotak Current Accounts, power-packed with exclusive features that can make a
tremendous difference to the way one do business.

Features & Benefits:

 Charges Reversal offer

Maintain an average balance of Rs 25,000 or more in the account & get 50% of
all charges levied, maximum upto Rs 1000, for the services availed during the
financial year, reversed after each financial year!
 Please Note: AQB NMC charges shall be excluded. Average balance shall be
calculated over the term of the account in every financial year. The account
should be open & should not be in temporary overdraft or dormancy at the end of
the year

 Unsecured Overdraft Facility

With kotak’s unique feature Credit Access, one can avail Overdraft Facility upto
Rs. 10 lakhs on his account for his business needs or emergencies. This facility is
available after six months of account relationship with the bank.

 Demand Drafts

Enjoy the benefit of DDs payable at more than 125 Kotak branch locations &
more than 1000 Kotak non-branch locations at very nominal charges!

 Free NEFT

All NEFT transactions done through Net Banking are absolutely free! Transfer
funds across all major banks covering more than 10000 branches at more than 200
locations in India.

 Free RTGS

All RTGS transactions through Net Banking are absolutely free. Customer can
also avail of this service from the branch at very nominal charges. With this
service he can transfer any amount above Rs. 1 lakh to more than 50000 bank
branches across India at faster speed!
 Free At - Par Cheques

Get payable at-par cheque books that are treated as 'local clearing' cheques across
all the branch locations. The first cheque book sent is absolutely free. One can
save on DD charges while enjoying the convenience of a cheque!

 Faster Cheque Collection

All out-station cheques are collected in a fast & efficient manner at very nominal
charges! Kotak’s strong network of correspondent banks enables it to collect
cheques from more than 1600 locations across India.

 Better Forex Rates & Efficient Trade Services

Avail the best foreign exchange rates on inward/outward remittances. KMBL

excel in processing all kinds of export/ import bills with low turn-around time at
competitive rates.

 Multi - City Banking

Account/s with Kotak Mahindra Bank will be recognized across all ITS branches.
Customer can walk into any branch across the country to satisfy all his banking
needs.

 Business Debit Card with Free Access at all Domestic VISA and Cashnet
ATMs
Customer can use his Kotak Mahindra Bank Global Debit Card to withdraw cash
from any VISA ATM anywhere in the world. He can use the card to debit his
Current Account for all business related expenses and easily track his
 transactions. He can use any VISA and Cashnet ATM anywhere in India
absolutely free!
 Free Cash Deposit at Home Branch

Every month one can deposit cash at home branch absolutely free upto Rs 2 lakhs.

 Cash /Cheque Pick up and Delivery

Customer can use ‘Home Banking’ service for cash pick up or delivery from/to
his doorstep upto Rs. 5 lakhs at very nominal charges. He can also use this service
for cheque pick up and DD delivery.

 Beat Cheque Pick-up

Customer can get all cheques which are to be deposited in his account, picked up
from his office every day at a very nominal charge!

 SMS Requests and Alerts

SMS Requests & Alerts service enables one to track his account transactions
through his mobile phone. He shall receive weekly SMS alerts for account
balance! Also any large credits/debits, balance below AQB, SI failure and SI
successfully executed shall be intimated to him via SMS alerts. One can also
request his account balance, last 3 transactions details & cheque book by SMS.

 24 x 7 Phone Banking

KMBL’s 24-hrs Customer Contact Center offers personalized service round the
clock. Just pick up the phone and call on Kotak’s toll free number.

 Net Banking

Log on to Kotak’s website to avail of the highly convenient Net banking services
such as:
 • View account balances
• Download account statement
• Online tax payments through E- tax
• Fund transfer
• NEFT payments
• RTGS payments
• Utility Bill payments through BillPay
• Credit Card payments through Visa Money Transfer
• Buying / redemption of mutual funds

 Kotak ActivMoney

ActivMoney gives the unique opportunity to maximize the returns while offering
liquidity at the same time. Daily balances in the Current Account, above a certain
amount are automatically swept into fixed deposits. The ‘swept out amount’ is
brought back into the account to meet fund requirements when the account
balance goes below the threshold level. So one not only enjoy attractive returns on
the idle balances but also maximize liquidity.

 Free Cheque Collection

All out-station cheques of value more than 1 lakh shall be collected absolutely
free! Kotak’s strong network of correspondent banks enables it to collect cheques
from more than 1600 locations across India in a fast and efficient manner.

Note: 1. First feature is available only in Neo Current Account.

2. Last two features and benefits are not available in Neo Current Account.

Table 2: General Schedule of Features and Charges for Current Accounts:

 Effective 25 April, 2009
Standard
Particulars Charges (in Product Level Free Limits & Charges (in Rs.)
Rs.)
Product Name Neo## Edge Pro Elite Ace
Average Quarterly Balance (AQB) in Rs. 10,000 25,000 50,000 100,000 250,000
Remittances/Payments
Free 25 Free 100
Free 50 DD/
Payable at 1/1000 (Min DD/ BC DD/ BC
BC p.m.; Free
Branch 40 Max * p.m.; p.m.;
thereafter Unlimited
Demand Draft/ Locations 5000) thereafter
Std Chrgs
thereafter
Banker's Std Chrgs Std Chrgs
Cheque Free upto Free upto
Payable at 2/1000 (Min
10L p.m.; 30L p.m.;
Non- branch 40 Max * * *
thereafter thereafter
Locations 5000)
Std Chrgs Std Chrgs
1 - 5 L: 25/
Through
txn; > 5 L: * 15/ txn Free Free Free
Branch
RTGS 50/ txn
Through Net
Free Free Free Free Free
Banking
Upto 1L: 5/
Through
txn; > 1L: * Free Free Free Free
Branch
NEFT** 25/ txn
Through Net
Free Free Free Free Free
Banking
Branch &
Fund Transfer Nil Free Free Free Free Free
Net Banking
1st Chq 1 Chq
Default
Book (25 Book (50
Cheque
leaves) leaves)
Cheque Book Book is 2/Leaf Free Free Free
Free; Free p.m.;
Payable At-
then Std then Std
par Only
Chrgs Chrgs
Receipts/ Collections
Local Clearing
Nil Free Free Free Free Free
Cheque
Out-station Drawn at <10K: * <10K: Free Free Free
Cheque Branch 50/Chq; 10K 50/Chq;
Locations - 1L: 10K - 1L:
100/Chq; 25/Chq;
 >1L:
>1L: Free
150/Chq
<10K: <10K: <10K:
<10K: <10K:
50/Chq; 50/Chq; 50/Chq;
50/Chq; 10K 50/Chq;
10K - 1L: 10K - 1L: 10K - 1L:
Drawn at - 1L: 10K - 1L:
25/Chq; 25/Chq; 25/Chq;
Non - 100/Chq; 25/Chq;
* >1L: Free >1L: Free >1L: Free
branch >1L: >1L: Free
(Plus (Plus (Plus
Locations 150/Chq (Plus other
other other other
(Plus Other Bank
Bank Bank Bank
Bank Chrgs) Chrgs)
Chrgs) Chrgs) Chrgs)
RTGS Inward Nil Free Free Free Free Free
NEFT Inward Nil Free Free Free Free Free
Fund Transfer Inward Nil Free Free Free Free Free
Home Banking
6 Requests
Cheque Free p.m. Free Free
Pick-up or (Max 1/Day, 1/Day,
40/ Request * *
DD 1/Day); thereafter thereafter
Delivery thereafter Std Chrgs Std Chrgs
Std Chrgs
On Call Registration
Requests Fee 250 p.a.
< 2L: 10 Requests Free Free
Cash Pick-
200/Request; Free p.m. 1/Day, 1/Day,
up or * *
2 - 5L: 300/ (Max thereafter thereafter
Delivery
Rrequest 1/Day) Std Chrgs Std Chrgs
thereafter
Std Chrgs
Cheque
Beat Service 500 p.m. * * Free$$ Free Free
Pick-up
Cash Deposit & Withdrawal
Cash Deposits At Home 2.5/1000 Free upto Free upto Free upto 5 Free upto Free upto
Branch 2L p.m.; 5 times of times of 5 times of 5 times of
Location @ thereafter prev prev prev prev
Std Chrgs month's month's avg month's month's
avg credit credit avg credit avg credit
balance or balance or balance or balance;
3L 5L 10L thereafter
whichever whichever whichever Std Chrgs
is higher; is higher; is higher;
thereafter thereafter thereafter
 Std Chrgs Std Chrgs Std Chrgs
Std Chrgs Std Chrgs Std Chrgs Std Chrgs
Std Chrgs
At Non - (Max (Max (No (No
4.5/1000 (Max
home 1L/Day 1L/Day Approval Approval
Min 50 per 1L/Day
Branch without without required required
txn without any
Location any any for any for any
approval)
approval) approval) amount) amount)
From Home
Branch Nil Free Free Free Free Free
Location
Cash Std Chrgs Std Chrgs Std Chrgs Std Chrgs
Std Chrgs
Withdrawal From Non - (Max (Max (No (No
(Max
home 2/1000 Min 3L/Day 3L/Day Approval Approval
3L/Day
Branch 50 per txn without without required required
without any
Location any any for any for any
approval)
approval) approval) amount) amount)
Automated Teller Machine (ATM)
Balance
Nil Free Free Free Free Free
Kotak & Enquiry
HDFC ATMs Cash
Nil Free Free Free Free Free
Withdrawal
Balance
Other Bank's Nil Free Free Free Free Free
Enquiry
VISA ATMs -
Domestic Cash As Regulated
Free Free Free Free Free
Withdrawal by RBI
Balance
Other Bank's 15 per txn * * * * Free
Enquiry
VISA ATMs -
International Cash
110 per txn * * * * Free
Withdrawal
ATM Txns Insufficient
25 per txn * * * * *
Declined Funds
Debit Card
Issuance Fee 100 Free Free Free Free Free
Free for 1st Free for Free for
Primary Card Year 1st Year 1st Year
Annual Fee 250 p.a. * *
thereafter thereafter thereafter
Std Chrgs Std Chrgs Std Chrgs
Supplementary Issuance Fee 250 * * * * *
Card Annual Fee 250 p.a. * * * * Free for
1st Year
 thereafter
Std Chrgs
Issuance Fee 250 * * * * *
Free for
Add-on Card 1st Year
Annual Fee 250 p.a. * * * *
thereafter
Std Chrgs
Lost Card 200 * * * * *
Card
Replacement Damaged
Nil Free Free Free Free Free
Card
VISA Global
USD 5 * * * * *
Assist
VISA Global
Lost Card USD 35 * * * * *
Assist
POS Txns Insufficient
25 per txn * * * * *
Declined Funds
Other Charges
Account Related
AQB Non - 750 per 900 per 1500 per 3000 per 5000 per
NMC -
maintenance quarter quarter quarter quarter quarter
<30
Days: <30 Days: <30 Days:
<30 Days: <30 Days:
Nil; 31 - Nil; 31 - Nil; 31 -
Account Nil; 31 - Nil; 31 -
181 181 Days: 181 Days:
Closure - 181 Days: 181 Days:
Days: 3000; 5000;
Charges 900; >181 1500; >181
750; >181 >181
Days: Nil Days: Nil
>181 Days: Nil Days: Nil
Days: Nil
Cheque Returns
3 Free 3 Free
p.m.; p.m.;
100 per 50 per
Local * * thereafter thereafter
Cheques Cheque Cheque
50 per 50 per
Deposited & Cheque Cheque
Returned
(Outward) 100 per 50 per 50 per 50 per
Cheque + Cheque + Cheque + Cheque +
Out-station * *
Corr Bank Corr Bank Corr Bank Corr Bank
Chrgs Chrgs Chrgs Chrgs
Cheques Issued Financial 300 per * * * * *
& Returned Reasons Cheque
 Technical
(Inward) Nil Free Free Free Free Free
Reasons
SMS Alerts & Updates
Large 50 per
Alerts * * * Free Free
Debit/Credit Quarter
Daily 25 per
* * * Free Free
Balance Quarter
Updates
Weekly 25 per
Free Free Free Free Free
Balance Quarter
Phone Banking
IVR
Nil Free Free Free Free Free
Assisted
Phone Banking
Agent
25 per Call Free Free Free Free Free
Assisted
Charges Common for All Products
Account Statements
Physical/
Monthly Nil Free Free Free Free Free
Email
300 per
Physical * * * * *
Weekly Quarter
By Email Nil Free Free Free Free Free
By Email
Daily Nil Free Free Free Free Free
Only
<90 Days:
* * * * *
100
At Branch/
91-365 Days:
Phone * * * * *
200
Banking
Ad- hoc >365 Days:
* * * * *
Statements 1000
Request On Net
Banking/ 50 * * * * *
ATM
On Mobile Nil (by email
Free Free Free Free Free
Banking only)
Standing Instruction
Set-up 50 * * * * *
Execution Nil Free Free Free Free Free
Amendment 25 * * * * *
Failure 25 * * * * *
Statement/ Certificate / Report Issuance
Balance Other than
100 * * * * *
Statement 31st March
Interest Duplicate
100 * * * * *
Statement Only
TDS Duplicate
200 * * * * *
Certificate Only
Confidential
500 * * * * *
Report
Paid Cheque
Nil Free Free Free Free Free
Report
Signature
100 * * * * *
Verification
Photo
300 * * * * *
Attestation
Solvency
10,000 * * * * *
Certificate
Credit
500 * * * * *
Confirmation
Foreign Currency Payments & Collections
500 + FCY
DD Issuance Conversion * * * * *
Chrg
500 + FCY
DD
Conversion * * * * *
Cancellation
Chrg
DD
500 * * * * *
Revalidation
Corr Bank
250 + FCY
Chrgs Borne
Conversion * * * * *
by
Chrg
Beneficiary
TT Transfer
Corr Bank
1000 + FCY
Chrgs Not
Conversion * * * * *
Borne by
Chrg
Beneficiary
Cheque
500 * * * * *
Collection
Cheque 1000 * * * * *
Deposited and
Returned
Cheque Issued Financial
1000 * * * * *
and Returned Reasons
Cheque Issued Technical
Nil Free Free Free Free Free
and Returned Reasons
Miscellaneous Charges
ATM/
Phone/ Net
PIN Banking
50 * * * * *
Regeneration (only if sent
through
courier)
DD/BC
Cancellation / 100 * * * * *
Revalidation
Financial
300 * * * * *
Fund Transfer Reasons
Return Technical
Nil Free Free Free Free Free
Reasons
ECS Return 300 * * * * *
Through Net
Online Tax Nil Free Free Free Free Free
Banking
Payment (E
Tax) Through 100 per
* * * * *
Branch request
Cheque
0.5/1000 per
Purchase * * * * *
Day
Charges
1% of TC
Travelers Amount +
Cheque FCY * * * * *
Encashment Conversion
Chrg
Foreign
Currency
100 * * * * *
Conversion
Charge#
TOD Charges 500 * * * * *
Individual
Stop Payment 100 * * * * *
or Range
Please Note:

* Indicates Standard Charges are Applicable

Abbreviations Used: For all value figures L = Lakhs & K - Thousand; Prev = Previous; Chq = Cheque;
Std = Standard; Chrg = Charge; Corr = Correspondent; Txn = Transaction; p.m. = per month; p.a. = per
annum; Avg = Average; FCY = Foreign Currency; TOD = Temporary Overdraft

No Free Limits for Current Accounts maintaining less than 75% of the required product AQB:
Product wise Free Limits offered on various transactions and services shall be applicable only if the
Average Quarterly Balance (AQB) maintained in the account in that quarter is atleast 75% of the product
AQB; else standard charges shall apply as per the GSC in effect. Additionally, AQB non - maintenance
charge will also be applicable as AQB maintained is below 100% of required product AQB.

# # Neo Current Account is offered in select locations only.

** Indo - Nepal Remittance Scheme (NEFT Charges):

If beneficiary maintains an account with Nepal SBI Bank Ltd. (NSBL): Rs. 25 per txn (incl all taxes)
If beneficiary does not maintain an account with Nepal SBI Bank Ltd.(NSBL) : Upto Rs 5000 - Rs 75
per txn & beyond Rs 5000 - Rs 100 per txn (incl all taxes) $$ The Bank reserves to its sole discretion, the
right to discontinue this service without any prior intimation or consent of the customer, if atleast 10 credit
transactions (deposits) per month do not happen in the customer's account. The customer can still opt to
continue availing this service at a charge of Rs. 250 p.m. (excluding all taxes) thereafter.

# Applicable for all transactions which involve Foreign Currency Conversion. This charge is applicable
from May 16, 2008 as per the CBDT Circular

@ Free Cash Deposit Limits & Cash Handling Charges for OD Accounts:

Free Limit (Home branch only): For CA with OD against TD - 5 times of previous month’s Avg Credit
Balance; For CA with OD facility - 5 times of previous month’s Avg Credit Balance + 2 times of previous
month’s Avg OD Utilization or Avg Debit Balance.

Charges beyond Free Limit: Rs. 2.50/1000 of cash deposited and part thereof + Service Tax as
applicable.

Service Charges to Account Holders in Rural / Semi-urban Branches

Classic Current Account is available in Rural / Semi-urban branches with reduced AQB requirement of Rs.
10,000. The features offered and charges applicable shall be the same as Pro Current Account, where the
AQB requirement is Rs. 50,000 except for Home Banking Service which is offered only at select locations.

Charges as Below Applicable for Types of Current Accounts not Specified Above:
Synergy Current Account is available to customers of other businesses within the group. Same features &
charges as Current Edge Account are applicable at a reduced AQB of Rs. 10,000 .
Cash Credit Account is available for Business Banking Group customers,
Kotak Logistics Account is available for Customers of Commercial Vehicles Finance Division, Business
Pro Account is available for Customers of Emerging Corporates Group,
Property Vantage Account is available for Customers of Home Finance Division,
Agri Account is available for Customers of Agri Finance Division &
Business Account is available for Personal Loan Division customers. Same features & charges as Current
Pro Account are offered at NIL AQB for all these types of accounts, except cash related Home Banking
services which are not offered to these customers.

All charges are exclusive of the Service Tax and education cess, which is currently 10.3%. The same is
subject to change from time to time.

All charges are subject to revision with an intimation of 30 days to account holders. Closure of account due
to revision of charges will not be subject to account closure charges.

TERM DEPOSITS

Give your portfolio stability of returns and safety and liquidity. Invest in Kotak Bank
Term Deposit. KMBL offer attractive returns on term deposits and investing in them is
really simple and convenient.

Features & Benefits:

 Tenure
Wide range of Term Deposit tenures from 7 days to 10 days.
 Amount
Minimum Term Deposit amount Rs. 25,000 (Rs. 10,000 for existing customer)

 Ease and convenience of operation

An existing customer can place a term deposit through Phone Banking or Net
Banking. What's more, he can even renew his deposit by placing an instruction
 over phone. Needless to mention, he can do all this and more by walking across
into any of our branches.

 Liquidity through overdraft or sweep-in facility

The term deposit will be available to customer to avail overdraft facility against it,
in case of an emergency. He can avail upto 85% overdraft against your term by
paying 2% above your deposit rate. This facility is available for deposits above
Rs.50,000 for a tenure of 181 days or more. Customer can also choose to link the
term deposit to his savings / current account, whereby if need be, the term deposit
will automatically be encashed to meet any withdrawal requirement.

 No penalty on pre-mature encashment

In case the term deposit is pre-maturely encashed, customer will be paid interest
at the rate prevailing on the date of deposit for the withdrawn amount or
contracted rate, whichever is lower.

 Nomination facility available

Customer can avail this facility for each & every account that he open with kotak
i.e. nominate different persons for different term deposit accounts. He can choose
to change the nominee through a declaration in the appropriate form to revise the
nomination during the term of the deposit. Incase he
is availing the 2-Way-Sweep feature, nomination, if any, made by him in respect
of the savings / current account for which he is availing this feature will be
deemed to be the nomination for any sweep TD created pursuant to the
ActivMoney feature availed by him.

All products under TD:

• ACE Deposit Scheme

• Online TD
 • Regular Deposit
• Tax Saving TD
• Monthly Interest TD
• Senior CitizenTD
• Staff TD
• Sweep-out TD

Interest Rates:

Table 3: Term Deposit rates effective from September 19, 2009 (subject to change
from time to time
* Senior Citizens’ rate is not applicable on NRO deposits

#
Simple interest rate

Salient Features:

• No penalty on pre-mature withdrawal

• Overdraft available against Term Deposits
• Option to link Terms Deposit to Current / Savings account available

Rates for monthly interest payout will be discounted based on the prevailing rates.
For interest rates on deposits of Rs. 1 crore and above, please get in touch with the
nearest Kotak Mahindra Bank branch.

Table 4: Comparative Features of all Term Deposits

Note- To use CCC for TD booking under Senior Citizen category, customer must be
classified as senior citizen in the system.