Which Kotak account is suitable.

17°
Benevolent
akki.akki
hello dimers.

I am in need of a safety deposit locker in the bank and there is kotak branch near my office.

Bank told me that bank account is needed to get locker deposit.
And they are asking me to open privy account where i can club multiple accounts but I am thinking to get Kotak Super account or Kotak 811 account.

Please share your experience  & advice with Kotak Privy, super, 811 or locker.
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Deal Cadet Deal Cadet
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Privy banking is like higher segment in kotak with high balance requirements. Balance cud be maintained across multiple accounts grouped. Privy also has different variants basis the relationship value and each variant offer different discounts on locker.. kotak discount on.locker is one time only at the time of opening.

Benevolent Benevolent
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  • so you mean discount will not be applicable from 2nd year ?
  • what if money is not maintained will i have to surrender the locker ? or any charges for non-maintainace ?
Deal Cadet Deal Cadet
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Yes if relationship nrv not maintaimed they will downgrade and normal charges wud be applicable

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Deal Newbie Deal Newbie
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2025 is knocking and companies still forcing one to have another relationship (like a current/ savings bank account) prior to letting one have a safe deposit/locker!
FinMin, RBI are okay with it!
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