Keep to the step-by-step recommendations listed below to electronically sign your kotak current account closure form: Select the document you wish to eSign and click Upload. Select the My Signature button. Decide on what type of eSignature to make. You will find 3 variants; a typed, drawn or uploaded eSignature. Make your e-autograph and click Ok. Tax-savings under section 80C of upto Rs. 1.5 lakh per financial year; Attractive FD interest rates; So if you are an existing Savings or Current account customer with the Bank, log on to your Netbanking or Mobile Banking and avail a fixed deposit for an amount and tenor of your choice. Assuming on a particular day, the balance in his Savings Account is Rs. 1000/-, and he issues a cheque for Rs. 4000/- in his account and it has now come to the bank for clearing: Kotak Bank will utilize the shortfall amount of Rs. 3000/- from the linked Fixed Deposit to the extent of Rs. 3000/- (4000/- minus 1000/-) and clear the cheque. TOD Account Closure charges: (if closed after 1 month & before 6 months of A/C opening) TOD: Rs.500 Account Closure charges: 500 Complimentary Services Service Charges for 'Kotak Composite Savings Account' will be same as 'Ace Savings Account'. Duplicate Ad-hoc statement will be charged at RS.100/- per request on 'Kotak Composite Saving
TOD Account Closure charges: (if closed after 1 month & before 6 months of A/C opening) TOD: Rs.500 Account Closure charges: Rs. 500 Complimentary Services Passbook (in lieu of Account Statement) Current Year Balance and interest statement Signature Verification Certificate Photo Attestation Address Confirmation Nil Charges Debit Card Annual

Kotak Mahindra Bank charges a prepayment fee of up to 4% on the outstanding loan amount in cases of personal loans availed at fixed interest rates. Customers who wish to pre-close their personal loan accounts can do so by paying the prepayment charges, which will also reduce their interest cost savings.

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    • kotak savings account closure