Kotak bank launch EveryDay RuPay Platinum debit card for EveryDay saving accounts
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Kotak bank launch EveryDay RuPay Platinum debit card for EveryDay saving accounts:
Apply Link: https://www.kotak.com/en/personal-banking/accou...
Transact* 30 times a month or maintain Average Monthly Balance of Rs. 20,000/- to get Non Maintenance charges (NMC) waived off
Surprise rewards on achieving transaction milestones during the month
Special Offers on your Birthdays and completion of your anniversary with the bank
Enjoy exclusive offers and discounts on your Everyday RuPay Platinum Debit Card, every day of the week
- 1st year free Everyday RuPay Platinum Debit Card (No Issuance charges)
- Higher Daily Limits for transaction within India and abroad: Rs. 3,00,000 and Higher ATM Withdrawal Rs 1,00,000/-
- Take advantage of free Unlimited domestic transactions at Kotak Bank ATMs and 10 free ATM transactions on other bank ATMs per month
- Higher Insurance Cover (T&C apply)
- Insurance cover comes with Lost Card Liability: Rs. 3,50,000 | Purchase Protection Limit: Rs. 1,00,000 | Lost Baggage Insurance: Rs. 1,00,000 | Air Accident Insurance: Rs. 50,00,000 | Personal Accidental Death Cover of up to Rs 25,00,000 (T&C apply)
- 2nd year onwards an Annual Fee of Rs. 250/-
BookMyShow - 20% instant discount
20% instant discount on BookMyShow using Everyday Rupay Debit Card. Offer is valid on Movies, Events, Concerts, Plays, Sports & Activities, Excluding BMS Stream & F&B. Offer can be availed twice per card on the specific debit card in a month
Eazydiner - 30% off
Upto Rs. 1000 off – 30% instant discount on No minimum bill value. Valid once in 8 days on Everyday Rupay Debit Card.
10% instant discount I Minimum Transaction INR 1500 I Max Discount INR 300
Valid Till : 30 November 2022
Flat 12% instant discount on Domestic Flights (Maximum discount of Rs.1,500) Minimum ATV Rs 3000
Flat 15% instant discount on Domestic Hotels (Maximum discount of Rs.5,000)MInimum ...
Valid Till : 27 November 2022
Get 10% Instant discount on a minimum purchase of Rs. 3000 up to a maximum discount of Rs. 1000 per card per month
Valid Till : 30 November 2022
To apply for Kotak Mahindra Bank Everyday Savings Account, you should belong to any one of the below mentioned categories:
- Resident Indian (Sole or Joint Account)
- Hindu Undivided Families
- Foreign Nationals Residing in India1
Fees and Charges
| Particulars | Details | Everyday Savings Account |
|---|---|---|
| AMB (Average Monthly Balance) | Rs.20,000 (AMB) | |
| Charges for non-maintenance of minimum monthly average balance | 6% of the shortfall in required AMB per month (Max upto Rs.600/-) – to be waived, on transacting 30*times during the month | |
| Fund Transfers | NEFT / RTGS / Fund Transfer (Through Net-banking / Mobile Banking) | Nil Charges |
| NEFT / RTGS - Applicable only if done in Branch | NEFT : Upto 10,000: Rs. 2; 10,001 to 1,00,000: Rs.4; 1,00,001 to 2,00,000: | |
| Rs.14; > 2,00,000: Rs. 24 ; RTGS: 2,00,000 to 5,00,000: Rs. 20; > 5,00,000: Rs. 40 | ||
| IMPS | Nil Charges | |
| Cash Transactions | Cash Transaction at Branch / Cash Deposit Machine/Recyclers | Nil Charges up to 5 transactions or 3 lac / month whichever is earlier. Post these limits, charged at Rs 4.5 / 1000 (Minimum Rs 150) |
| Debit Card / ATM Charges | Kotak Bank's ATM - Cash Withdrawal / Non-Financial Transactions | Nil Charges |
| Cash Transactions | Cash Transaction at Branch / Cash Deposit Machine/Recyclers | Nil Charges up to 5 transactions or 3 lac / month whichever is earlier. Post these limits, charged at Rs 4.5 / 1000 (Minimum Rs 150) |
| Debit Card / ATM Charges | Kotak Bank's ATM - Cash Withdrawal / Non-Financial Transactions | Nil Charges |
| Other Domestic ATMs - Cash Withdrawal / Non-Financial Transactions | 10 transactions free; Rs. 21 for Cash withdrawal and Rs. 8.5 for non financial | |
| Declined Domestic ATM Transactions due to insufficient balance/ Transactions declined at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019) | Rs.25 per transaction | |
| Cash Withdrawal / Non-Financial Transactions at International ATMs + | Rs.150 per cash withdrawal transaction & Rs 25 per non-financial transaction | |
| Cardless cash withdrawal (IMT) | Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction |
| DD / Cheque Book | DD | Nil Charges upto 100K; Post these limits (Rs.4 / 1000 (Min 50, Max 10,000), for Senior citizen Rs. 3 / 1000) |
| FCY - DD / TT / Cheque Collection / Revalidation / Cancellation / FCY Cheque Deposited and Return | Rs. 500 | |
| At-par Cheque Book Charges | #100 Chq leaves Nil Charges / Year; Thereafter Rs.3 / cheque leaf. | |
| ECS / Cheque Issued & Returned (due to non-availability of funds) | Rs.500 / instance | |
| ECS Mandate Verification | Nil Charges | |
| SI Failure | Rs.200 / instance | |
| Cheque deposited and returned (INR) | Rs.200 / instance | |
| Cheque Issued & Returned for Non-Financial Reason | Rs.50 / instance | |
| Branch Requests | Duplicate Ad-hoc statement, Balance & Interest Statement, Duplicate Passbook, TDS Certificate Through Branch or any other Record Retrieval, Stop Payment - Single / Range of cheque thru branch; DD Revalidation; PO / BC Revalidation/ Cancellation (INR); Annual Combined Statement-Physical; Monthly Physical Statement; Regeneration of PIN of Net Banking / Phone Banking (sent through courier)/DD Cancellation (INR)/Foreign Inward Remittance Certificate | Rs. 100 |
| DD Cancellation | Rs. 100 |
| Home Banking | Cash / Instrument Pick Up / Delivery | Nil Charges for 2 Calls / month, thereafter Rs.150 per visit |
| KYC Pickup – Only for senior citizen and differently abled### | Rs. 100 per visit | |
| Family Banking | Applicable as per My Family Banking | |
| Statements & Alerts | Statements | Email Statement (Monthly): Nil Charges ; |
| Other Charges | Value added alerts (Daily / Weekly) | 50p. per SMS (Daily/ Weekly) |
| TOD | TOD: Rs.500; | |
| Account Closure charges: (if closed after 1 month & before 6 months of A/C opening) | 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 Charges | Every Day Debit Card | 1st year free 2nd year Rs. 250 |
| Other Debit Card Related Charges | Replacement of Lost / Stolen Debit Card | Rs. 200 |
| Regeneration of PIN (sent through courier) | Nil Charges |
| Forex Card | Particular | |
| Issuance Fee | ||
| Reload Fee | ||
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Contact Kotak bank and first ask for Everyday RuPay Platinum debit card.
If Kotak bank reject to issue the card then request for upgrade your account to Everyday savings account.
Really awesome news. I wish they would waive debit card annual charges for keeping ₹20000 balance like HDFC does with SavingsMax but still good as long as we can enjoy RuPay offer.
*Customer induced transactions like Cash Deposit/Withdrawal, DD issuance, NEFT/RTGS/IMPS/UPI transactions, 5 ATM transactions (offus+onus), eCOM/Purchase transaction on Debit Card to be considered
@syed786
@some1anywhere964
Vu. Looks like account specific card given only to everyday savings account holders
This is important --> Debit Card Annual Charges -> Every Day Debit Card -> 1st year free 2nd year Rs. 250
Today when I went to my Kotak Mahindra Bank branch to ask about this account, they said to get any other card e.g. RuPay and on another account, I will have to hotlist/permanently block/cancel my 811 virtual card because only 1 card can issued per CRN. I seriously doubt if they knew what they were talking about. Can anyone also find out if this is true from their Kotak branch?
There are different kinds of sweep facilities as I understand:
- Manual Sweep-out from savings account to create an FD, only sweep in from the FD is automatic (ICICI offers this as Money Multiplier)
- Sweep in to savings account against already made Fixed Deposit, but no automatic sweep out from savings account (HDFC Sweep in and SBI e-TDR/STDR Multi Option Deposit Scheme)
- Auto sweep i.e. sweep out and in only on Savings account leaving the FDs alone (SBI SavingsPlus, Kotak ActivMoney, HDFC Money Maximizer)
BOB's interest rates are low. IDFC too unless balance is high and most banks thresholds even higher than Kotak the last time I researched but I could be wrong here. Please let me know if you find some accurate and detailed info on this little known feature.
Private banks are not much different from public sector banks.
Kotak took 15 days to open Everyday Savings Account and they issued Visa Platinum to me on Everyday Savings Account, and blocked my Visa Classic on 811 account which is altogether different account from Everyday Savings Account. They were just interested in getting me to open either a demat account with Kotak Securities or invest in some mutual fund NFOs. Terrible bank service. I've had far better service in some public sector banks. Not all but some of them very good experiences.
Kotak issue Visa card to everyone.
Complaint Kotak bank to get EveryDay RuPay Platinum debit card.
Same problem other guy facing too, He opened Kotak NationBuilders Salary Account, this account also offer RuPay Platinum but he got Visa Platinum, after complaint Kotak bank issue him RuPay Platinum - https://www.desidime.com/discussions/kotak-bank...
Kotak bank employees were telling with full confidence that Kotak does not issue RuPay cards. He will get only visa card but after complaint when he got RuPay Platinum, for a few minutes the entire staff of Kotak Bank was stunned.
Yes as soon as I saw Visa Platinum in the Kotak app despite requesting RuPay in the account opening form, I went angrily into my Kotak branch and told them I had hotlisted the card already even before it was delivered to me. And to issue me RuPay Platinum at once. Also filed complaint on Twitter. But now it will take another week to arrive which means I lose the RuPay offer discount for Kotak for this month. Even worse, the 811 card had some good offers for shopping from Amazon/Flipkart/Myntra etc and since they blocked it, all my Kotak accounts are without any debit cards for more than 15 days. Also what is this insanely STUPID policy of just one debit card per CRN?
Their own employees still don't know for sure if it's 1 debit card per CRN or one per savings account. If it's one per savings account, I will have to fight with them again to issue me the 811 virtual Visa card for the 811 account once I get the RuPay for the Everyday Savings Account. I already asked them this at the branch and they said no we can't issue Visa virtual free classic card once you get RuPay card but I am sure they were confidently wrong. If it's an entirely different bank account, what's the problem? It's not like I am requesting two debit cards for the same account. I will escalate the issue till highest levels at Kotak and complain about them to RBI till I get the cancelled virtual Visa Classic card back.
On a related note, they were also very confidently telling me that ActivMoney/auto sweep feature is not available for 811 account and then a few days later after I ranted and complained on Twitter, the 811 team stepped in to apologize and immediately turned it on and said neither the branch staff, nor the regular account backend team knew about this, only the 811 team knew all the fine details and that it was always available for full KYC 811 accounts.
This pathetic bank is yet to issue me RuPay Platinum (OR ANY DEBIT CARD FOR THAT MATTER) after more than 1 month of visiting the branch and filling up the form for Everyday Savings Account. I will wait till I get the card and then complain about them to their Principal Nodal Officer and RBI ombudsman. On Twitter I saw someone else tweeting that after opening Everyday Savings Account, they actually DENIED him to issue RuPay Platinum card. I am beginning to feel as far as service is concern, this is the worst private bank.
2nd time also the Kotak idiots sent Visa Platinum despite their own website and marketing/sales team advertising RuPay Platinum for the newly launched Everyday Savings Account. 30 days wasted in just sending wrong debit card. I have never received worse service from any bank ever than these fools.
Only existing account holders facing this problem when opening another Kotak everyday saving account.
i have zero bal a/c. Can i get this card?
Finally on 9th Nov, Kotak morons delivered the ESA RuPay Platinum debit card to my location. I had visited branch with KYC docs on 16th Sept (54 days to open a savings account and deliver the right debit card, whole bank is filled with fools only). Never had a worse experience with any private bank than this.
moral of this thread, unless we fight these morons will not give rupay variant cards easily.
No, insta kit RuPay Platinum debit card available on Kotak branch.
If you are a new users then you will instantly got RuPay Physical card after account open.
Old users, first close your old account and reopen new account and got insta kit RuPay Platinum debit card.
No need to fight or anything.
My 811 virtual LTF Visa debit card remains canceled but the if the RuPay offer ends, I can get it reissued as virtual card after blocking the RuPay Platinum one. Kotak morons even denied about that - that once blocked, virtual debit card can't ever be re-issued, only physical card can be issued but I escalated that too from level 1 to higher and was finally told it should be no problem getting virtual card re-issued, just not together when another active physical debit card exists.
Update: After complaining more, a new Visa Classic virtual debit card for 811 account is also re-generated now after a gap of 56 days. I missed out on Diwali and festive DC offers though as they had blocked the virtual 811 card and were not issuing RuPay card either for months. There was no acceptable reason why they canceled that 811 virtual card when I had opened another savings account with RuPay card. It was just some mistake, or they were misinformed themselves or plain incompetent.
Well I didn't give up on this Kotak issue and finally after months they issued me ₹200 Amazon gift voucher as an apology for making me miss the RuPay offer for no reason and losing 2 months of "Add money" using their RuPay card, while they kept sending me Visa Platinum and had even blocked my 811 Visa virtual LTF debit card.
If the delay was due to chip shortage or some genuine issue the bank was facing, I would have understood and wouldn't have fought but they were just extremely careless and didn't bother to issue me the right debit card for 2 months. I had to do numerous branch visits, online complaints, following up about the said issue on phone call, numerous emails and escalations just to get the right debit card that their own website advertises for the Everyday Savings Account. Plus I missed out on all the Kotak Diwali festive offers on the Visa card too as they blocked that as well. Anyway, justice is served.
I am glad the issue was settled between the bank and me and I didn't have to approach RBI.
Most users already doing this way and get Everyday RuPay Platinum DC.
If I apply for this account online in the morning today, is there a possibility the debit card details will be generated by evening today?
I need to make a large EazyDiner transaction in the evening today and this card could get me 1000 off (300 more than my AU Royale card). I applied for NSDL card like that last month, immediately card was created within an hour after vKYC. Anything like that for this card or it will take days?
Milestone benefits (Monthly):
| Transaction Count | Benefits |
| 30 | MAB charges waiver |
| 50 | ₹75 worth Amazon Gift Card |
| 100 | ₹100 worth Amazon Gift Card |
| Afterwards there's | no benefits |
• Milestone GV comes via e-mail by next month ending.
Bad news: Kotak Everyday RuPay Platinum Debit card 30% offer up to ₹1000 on EazyDiner is over after 1st Apr, 2024
Yes Kotak didn't Extend / Renew it after the Offer Period i.e.
Offer starting from 1st April 2023 (00.00 hrs) to 31st March 2024 (23.59 hrs)
as stated in their Offer T&C Brochure
But Seems it has been Extended as mentioned Here till 31st March, 2025 although couldn't verify through official sources
Additional Info on Kotak Everyday RuPay Platinum Debit Card Charges
Fun Fact - Account level changes are also made to Kotak Everyday Savings Account like changes in AMB etc.
More details Here
😏
Kotak Everyday Savings Account is going to be De-valued / Degraded with effect from 1st May 2024
*For Urban & Rural
HERE according to the new Revision in General Schedule of Features & Charges for Kotak Savings and Salary Accounts w.e.f 1st May 2024 as compared to earlier SOC
But Still it's a Platinum Rupay Card with *¹Amazon benefits still on (*¹Recharges & Bill Payments only) along with other Rupay Platinum Offers including some Bank provided offers
Kotak EazyDiner offer was eventually renewed until 2025 for Everyday RuPay Platinum Debit card.
@IndianDimer
There are different kinds of sweep facilities as I understand:
- Manual Sweep-out from savings account to create an FD, only sweep in from the FD is automatic (ICICI offers this as Money Multiplier)
- Sweep in to savings account against already made Fixed Deposit, but no automatic sweep out from savings account (HDFC Sweep in and SBI e-TDR/STDR Multi Option Deposit Scheme)
- Auto sweep i.e. sweep out and in only on Savings account leaving the FDs alone (SBI SavingsPlus, Kotak ActivMoney, HDFC Money Maximizer)
BOB's interest rates are low. IDFC too unless balance is high and most banks thresholds even higher than Kotak the last time I researched but I could be wrong here. Please let me know if you find some accurate and detailed info on this little known feature.
Private banks are not much different from public sector banks.
Kotak took 15 days to open Everyday Savings Account and they issued Visa Platinum to me on Everyday Savings Account, and blocked my Visa Classic on 811 account which is altogether different account from Everyday Savings Account. They were just interested in getting me to open either a demat account with Kotak Securities or invest in some mutual fund NFOs. Terrible bank service. I've had far better service in some public sector banks. Not all but some of them very good experiences.
Finally on 9th Nov, Kotak morons delivered the ESA RuPay Platinum debit card to my location. I had visited branch with KYC docs on 16th Sept (54 days to open a savings account and deliver the right debit card, whole bank is filled with fools only). Never had a worse experience with any private bank than this.