What is the story about?
Kotak Bank Alert: Kotak Mahindra Bank has announced that maintenance work will be carried out on its banking systems to provide customers with an uninterrupted
banking experience. Due to this scheduled maintenance, some of the services listed below will be unavailable.
Date and Time: When will this service be unavailable?
Date: December 21, 2025 (Sunday) 3:30 am to 4:30 am IST
Services unavailable
- Kotak Bank App (Old)
- New Kotak Bank App
- Kotak811 Mobile Banking application
- Net Banking
- UPI and other payment related services
- ATM
- No Impact on ATM transactions below Rs 20,000
Frequently Asked Questions (FAQs) about Savings Accounts: How is the Average Monthly Balance (AMB) requirement for a savings account calculated?
The Average Monthly Balance (AMB) for a savings account is calculated by dividing the sum of all the daily closing balances in a month by the number of days in that month.
What is the minimum balance required for a savings account?
The minimum balance requirement or the average monthly balance (AMB) for a savings bank account depends on the specific savings account variant you choose.
What are the various types of savings accounts?
There are various types of savings accounts offered catering to the needs of different customer segments, which can be opened online in just a few minutes.
Everyday Savings Account– Enjoy offers on Everyday Rupay Debit Card on your everyday spends.
How is the Average Monthly Balance (AMB) calculated?
The Average Monthly Balance (AMB) is the average of all the daily closing balances in a given month.
Can the holding pattern in linked fixed deposits and savings accounts be different?
Yes, the holding pattern for savings accounts in India and the linked fixed deposits can be different.
Is a PAN card compulsory to open a savings account?
Yes, your PAN card is a mandatory requirement for savings account opening if your annual income is Rs. 5 lakhs or more.
What are the benefits offered by senior citizens’ savings accounts?
Senior citizens’ savings accounts offer various benefits tailored for people in their 50s or older.
Can I have zero balance in my savings account?
The advantage of maintaining zero balance without attracting non-maintenance charges is typically available only for salary accounts.
What are the different ways I can transfer money from one savings account to another?
After you open a savings account, you may want to know how to transfer funds from one savings bank account to another.
How do I add, modify or delete a nominee for my savings account?
You can add, modify or delete a nominee after opening a new account via mobile banking or internet banking.
How do I deposit money into my savings account?
To deposit money after opening a new account, you can visit the nearest bank branch and submit a deposit slip along with the requisite amount of cash or cheque.
When does a savings account become dormant?
A savings bank account becomes dormant if there are no transactions in the account for two years or more.
Can I open a DEMAT Account with my Savings Account?
Yes. Kotak offers a 3-in-1 account called 'Trinity''.
It includes : Kotak Bank Savings Account + Kotak Securities Demat Account + Kotak Securities Trading Account
