Kotak Mahindra Bank is one of India’s leading private sector banks, offering a wide range of savings account variants tailored to different customer needs.
In 2026, the Kotak Mahindra Bank savings account interest rate remains competitive, offering attractive returns alongside digital convenience and strong banking features.
This article provides a detailed overview of the Kotak savings account interest rate, applicable balances, minimum balance requirements, and key factors that customers should consider when opening a Kotak savings account.
Kotak Mahindra Bank Savings Account Interest Rate 2026
As of 2026, the Kotak Mahindra Bank savings interest rate is structured based on the balance maintained in the account.
| Kotak Mahindra Bank Savings Account Categories | Rate of Interest |
| Domestic | 2.50% p.a. |
| Non Resident (NRE/NRO) | 2.50% p.a. |
This interest is calculated on the daily balances and credited quarterly. The bank also offers a floating rate-linked savings deposit. Details of the same are as under:
| Account Type | Rate of Interest |
| Up to Rs. 750 Crore | 2.50% p.a. |
| Above Rs. 750 Crore and up to Rs. 1000 Crore | MIBOR + 5.2 bps p.a. |
| Above Rs. 1000 Crore | MIBOR +70 bps p.a. |
Know Canara Bank Savings Account Interest rates in 2026.
Types of Kotak Mahindra Bank Savings Accounts
Here are some savings account options that you can consider while applying for the high-yielding Kotak Mahindra Bank savings account interest rate.
- Edge Savings Account: This is a regular savings account with free access to all domestic VISA ATMs and an instant NEFT transaction facility provided.
- Everyday Savings Account: This is designed for everyday banking needs such as salary credits, bill payments and daily transactions. It offers essential banking services like debit card, net banking, mobile banking and ATM access.
- Basic Savings Account: This savings account offers a free demand draft facility.
- Pro Savings Account: This is a savings account with premium banking facilities, which comes with a platinum international debit card for the account holders which allowing free payments and easy fund access.
- Ace Savings Account: This savings account offers services like free outstation cheque collection, cash withdrawals, fund transfer and an online net banking facility.
- Nova Savings Account: A Special type of savings account, offering customised banking services and a Classic Debit Card to all account holders.
- Sankalp Savings Account: This savings account caters to the financial needs of customers from rural India, and provides preference in case of gold, two-wheeler and tractor loans.
- 811 Digital Savings Account: This is the savings account with zero contact and a digital account opening process, and there is no minimum balance required to maintain this account.
- 811 Edge Digital Savings Account: This is another variant of the digital savings account and comes with a minimum balance of ₹10,000 and a Platinum Debit Card.
How to Open a Savings Account in Kotak Mahindra Bank?
You can open a savings account with Kotak Mahindra Bank through either online or offline modes. Let’s find out how.
How to Open a Kotak 811 Account Online
Step 1: Visit the official Kotak Mahindra Bank website.
Step 2: From the Menu, navigate to the ‘Savings Account’ section under the ‘Accounts and Deposits’ tab.
Step 3: From the range of savings accounts, choose the type of savings account you want to open.
Step 4: Go through the terms and conditions associated with the savings account you want to open.
Step 5: Click on the ‘Apply Now’.
Step 6: Enter the required details such as your particulars and contact information.
Step 7: Click on the ‘Apply’ button.
Step 8: The account opening application form will be displayed on the screen.
Step 9: Attach the necessary KYC documents and click on ‘Upload’.
Your Kotak Mahindra Bank savings account will open.
How to Open a Kotak Mahindra Bank Account Offline
Step 1: Visit your nearest branch of Kotak Mahindra Bank along with the documents required.
Step 2: Get a savings account opening application form from the bank representative.
Step 3: Fill the application form carefully and attach the required documents.
Step 4: At the cash counter, deposit the minimum balance amount.
Step 5: Once the bank representatives verify your documents and application form, and is successful, the bank will notify you and issue you a debit card.
Documents Required to Open a Savings Account in Kotak Bank
- Identity proof, which is a driving license, passport, voter's ID or Aadhaar card
- Address proof, which is a utility bill, bank statement or bank account passbook
- Signature Proof, which can be a Driving License, Passport, or PAN Card
- Form 16 in case of unavailability of the PAN details
- Birth Certificate if the applicant is a minor
- Recent passport-size photograph
Benefits of Kotak Mahindra Bank Savings Account
Here are a few benefits of having a savings account with Kotak Mahindra Bank
- Kotak Mahindra Bank savings account has an option for holders to get a video KYC, which eliminates the need for document verification.
- Account holders can apply for a credit card without requiring a CIBIL score.
- Kotak savings account has digital banking facilities like net banking and mobile banking.
- Obtain a debit and credit card free of cost by parking your funds in a savings account.
- Paying bills can be automated by the account holders
- The savings account of the bank enables account holders to set up a utility bill system, allowing them to pay their bills automatically on a timely basis.
You can also automate your savings in the Jar app by starting with just Rs 10.
FAQs
What is the Kotak savings account interest rate?
Kotak Mahindra Savings account interest rate is 2.50% p.a.
Is the Kotak savings account a zero balance?
Yes, the Kotak 811 Digital Savings Account is a zero-balance account, without any average minimum balance.
Is a PAN card mandatory for Kotak 811?
Yes, a PAN card is mandatory to open the 811 account at Kotak Mahindra Bank.
