Kotak Mahindra Bank Savings Account vs IndusInd Bank Small Savings Account

Interest Rate

3.50% - 4.00% p.a.
4.00% - 6.00% p.a.

Minimum Balance

Zero Balance Savings Account
Zero Balance Account

Monthly Average balance

Nil or Rs. 10,000
NIL or The balance at any point of time does not exceed Rs. 50,000


Free NEFT through Internet Banking

Free Cash Withdrawals at Domestic ATMs

Scan and Pay to make payments for shopping, groceries, and much more

Free access to IndusInd Bank ATMs across India for cash withdrawals, cash/ cheque deposits, VISA Credit Card bill payment, balance enquiry and mobile top-up

5 Free Domestic Other Bank ATM transactions in a month

Free funds transfer through NEFT or RTGS

Half-yearly statements, monthly statements through email

Documents Required

* Driving License, Passport, Voter's ID, Aadhaar Card, PAN Card

* Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)

* Latest Passport Size Photographs

 To open Kotak 811 Zero Balance Savings Account, please click here

* Proof of identity as per list provided from time to time

* Proof of address as per list provided from time to time

* An Account Opening Form Duly Filled

* One passport size self-attested colour photograph

* The prospective customer should visit the branch and affix his/ her signature/ thumb impression in the Account Opening Form in front of the Branch Manager or Manager Customer Service and Operations

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