Kotak Mahindra Bank Salary Account

The bank offers four types of corporate salary accounts. Each of them is designed to cater to the different needs of the salaried class:

Types of Kotak Mahindra Bank Salary Account	Primary Features
Edge Salary Account	Free classic debit card Zero balance salary account
Platina Salary Account	No minimum balance requirements Platinum debit card
Neo Salary Account	Personal accidental cover (death) worth Rs. 2 Lakh Lost card liability insurance of up to Rs. 2 lakh
Ace Salary Account	2.5% fuel surcharge waived off Employee reimbursement account

1. Edge Salary Account

Edge Salary Account	Features and Benefits
Minimum Balance Requirement	Zero balance account
ATM Debit Card	Free Classic Debit Card
Internet, Mobile and Phone Banking	Yes, available
Eligibility	Applicant should have monthly take-home salary of Rs. 20000

2. Platina Salary Account

Platina Salary Account	Features and Benefits
Minimum Balance Requirement	Zero balance account
ATM Debit Card	Free Platinum debit card
Internet, Mobile and Phone Banking	Yes, available
Eligibility	Salary of the applicant should be Rs. 1 Lakh or above

3. Neo Salary Account

Neo Salary Account	Features and Benefits
Minimum Balance Requirement	Zero balance account
ATM Debit Card	Classic debit card
Internet, Mobile and SMS Banking	Yes, available
ATM Withdrawal Limit	Rs. 40000 (Domestic ATMs) Rs. 50000 (International ATMs)
Eligibility	Applicant’s salary should be Rs. 10000 and above

4. Ace Salary Account

Ace Salary Account	Features and Benefits
Minimum Balance Requirement	Zero balance account
ATM Debit Card	Platinum Debit Card
Internet, Mobile and SMS Banking	Yes, available
Number of ATM Transactions Allowed	Unlimited transactions at all visa ATMs
Eligibility	Applicant must be getting a monthly salary of Rs. 50000 and above

While opening the salary account with Kotak Mahindra Bank, be ready with the following documents along with recently clicked passport size photographs:

Documents Required to open Kotak Mahindra Bank Salary Account
Application Form	A duly filled application form will be needed
Proof of Identity	Aadhaar card PAN card Voter ID Passport Driving License Valid Photo Debit/Credit Card ID Documents issued by the PSU, Government Organizations
Proof of Address	Aadhaar card Driving License Voter ID Passport Ration Card
Photographs	Latest photographs (passport size)

There are two ways of opening a salary account with Kotak Mahindra Bank – by visiting the nearby branch and applying online. Here are the steps to follow while applying online:

• Step 1: Visit the official website of Kotak Mahindra Bank and choose ‘Corporate Salary Accounts’ from the option ‘Explore Products’.
• Step 2: Now choose salary account you want to open and click on ‘Apply Now’
• Step 3: Fill in the details in the form and submit it.
• Step 4: You will get your account number immediately.

A representative of the bank may contact you for the further formalities.

For offline mode, you will have to visit the nearest branch along with documents mentioned above. Fill out the form and submit it along with self-attested copies of the KYC documents.