There is a plethora of products to choose from at Kotak Mahindra Bank, even within the savings account type. Having an account in Kotak Bank and knowing the Kotak Bank timings is very helpful for account holders there. 

Banks like Kotak have made the life of people easier, with them offering online services, one can open an account in Kotak Mahindra bank online within 5 minutes. Kotak Mahindra Bank has a wide network of over thirteen thousand branches and ATMs that work 24×7 across India. As of 2021, it was employing around 71 thousand employees. 

Interaction with customers is an important aspect of their daily work schedule, and hence they have fixed a set timing for the public to come (known as business hours, which is different from working hours). Their work timing is comparable to that of HDFC bank timings, with working days from Monday to Friday with alternate 1st, 3rd, and 5th Saturdays as working days. 

Since a savings bank account is the basic requirement of every person, Kotak has savings accounts customized to meet the needs of people across all walks of life. There are usually no transaction fees or monthly account fees with Savings Account. 

With effect from 13th June 2022, the bank is offering a 4% interest per annum on the Savings Account having a daily average balance of more than Rs. 50 lakhs, while those accounts with daily account balance up to Rs. 50 lakhs will continue to earn 3.50% interest per annum. 

Following are the current offerings of Kotak Mahindra Bank for those wanting to open a savings bank account:

1. 811 Digital Bank Account

This is a no-minimum balance digital savings account that provides a fully digitalized verification process with 811 Video KYC. All you need for opening an account here is your Aadhar number, PAN number, blank paper, a pen, uninterrupted data service, and good lighting for the video KYC to be done – all from the comfort of your own home! 

2. EveryDay Savings Account

This plan gives a minimum balance non-maintenance charges waiver on accounts that has a minimum of 30 transactions in a month. In addition to it, it gives discounts on weekends, milestones, and birthdays, and for purchases in various diners, travel, movies, groceries, medicines, etc. 

3.811 Edge Digital Bank Account

This account has facilities like free online funds transfer via IMPS, NEFT, and RTGS. It also elevates your online shopping experience with Platinum Debit Card. Visit a nearby branch at Kotak Bank timings to open one now.

4.Ace Savings Account

It requires an average monthly balance (AMB) of Rs. 50,000/-. This account helps you to convert your savings account balance above a certain amount into term deposits as well as provide free outstation cheque collection. You can also avail of a discount of 15% on Locker Rent using this account. 

5.Pro Savings Account

With an average monthly balance (AMB) of only Rs. 20,000/- it provides users with free access to all domestic VISA ATMs and free cash withdrawals in all of Kotak’s ATMs across India. This account comes with a Signature Debit Card which offers 1 complimentary domestic airport lounge access per quarter, complimentary insurance covers, and higher purchase and ATM withdrawal limits, all with a contactless chip card that gives enhance security. If fuel is a major part of your monthly expense, you will be glad to know that this debit card gives savings in form of a fuel surcharge waiver for fuel purchases of up to Rs. 30,000 per month. 

6.Edge Savings Account

With an attractive average monthly balance (AMB) of only Rs. 10,000/-, the free services are just one step lower than the Pro Savings Account. It provides users with free access to all domestic VISA ATMs and free cash withdrawals in all of Kotak’s ATMs across India. You also get to have up to five free withdrawals in other banks’ ATMs. Additional benefits include free NEFT/RTGS when transacted through net banking. You also have net banking, phone banking, and mobile banking free. It also has an ActivMoney facility which converts savings account balance into Term Deposits when it crosses a certain amount. 

7.Silk Savings Programme

This program aims to empower women of this generation with not only financial independence but also simple banking solutions. The financial privileges include linkage with junior accounts through RD or SIP, discounts on lockers, and a higher debit card withdrawal limit, which is currently Rs 2,00,000. Kotak Silk Debit Card also has a higher-than-normal withdrawal limit with insurance coverage for accidents and baggage lost. Kotak Bank timings are convenient for a busy modern-day woman to meet all her banking needs. 

8.Grand – Savings Programme

This gives the older generation who are seasoned financiers complete reign over their finances. It has offerings such as priority service at branches, home-banking facilities, discounts on locker rentals, overdraft facilities, health care benefits, and more. Knowing the Kotak Bank timings will save the elderly a needless trip to the bank at the wrong time. 

9.Junior – The Savings Account for Kids

This account caters to the needs of a child and to encourages them to save from a young age. It comes with a plethora of privileges such as NMC waivers, zero balance benefits, and exclusive offers on purchases made with brands such as FirstCry, Mothercare, and Boat. 

10.My Family Savings Account

It caters to the family needs of all its members under one roof. Offered for 2 and/or 3 Members with a Pro Savings Account, or a combination of other Savings accounts, it allows everyone on board to avail family exclusive benefits. 

11.Classic Savings Account

If you live in a rural or semi-urban area, fear not, Kotak has an account just for you. With a comfortable Average Monthly Balance of just Rs. 10,000/- it provides all the banking needs that anyone would need.

12.Nova Savings Account

Also available only in rural or semi-urban areas. It has a comfortable Average Monthly Balance of just Rs. 5,000/-, with the facility of free cash withdrawals from any Kotak Bank branch and other domestic ATMs across India. Its purchase limit and ATM Cash withdrawal limit are a little less than the Classic Savings Account. 

13.Sanman Savings Account

Also catering to the needs of the rural area, it requires an average quarterly balance of just Rs. 2000/-. 

14.Alpha – the Savings & Investment Programme

As the name suggests, it is investment friendly savings account that facilitates investment in recurring deposits, fixed deposits, mutual funds, and much more.

To know more details about Kotak’s savings account or if you want to open an account there, visit their website or go to their nearby branch. Even though things have gone online, saving us time from having to go on a trip to the bank, knowing Kotak Bank timings will save us the hassle of going to the bank at the wrong time in case we need to go. 

Also, we need to know the Kotak Bank timings to interact with the bank executives in case we encounter any problems with our account. Bank executives interact with customers only during business hours, which can be found at the Kotak Bank timings link. 

Benjamin Franklin, the founding Father of the United States said, “Time is money.” And rightly did he say so. With the fast-paced life of the twenty-first century, he or she who can master time will master everything. After all, we are all given only 24 hours in a day, not more, not less. To enjoy the full benefits of what Kotak bank has to offer, know the Kotak Bank timings and the full range of their products on their website.