Types, Features and Benefits of Kotak Mahindra Bank Salary Account

Kotak Mahindra Bank provides the salary accounts that offer the perfect balance of benefits for the employees and the organization. The bank gives corporate salary accounts options loaded with a number of unique banking features and benefits such as minimum balance requirement, easy fund transfers, etc. In addition, account holders also enjoy seamless and direct access to their salaries/money through multiple banking methods. Check Types, Features, and Benefits of Kotak Mahindra Bank Salary Account below.

Kotak Bank Salary Account

Kotak Mahindra Bank Salary Account Types & Primary Features:

The Kotak Bank offers four types of affordable corporate salary accounts for its employees and organizations. Each Kotak Salary account type are designed to meet the specific needs of salaried individuals.

  1. Edge Salary Account:
  • Free classic ATM debit card
  • Zero balance salary account
  • Net, Mobile and Phone Banking available
  1. Platina Salary Account:
  • No minimum balance requirements
  • Free Platinum ATM debit card
  • Net, Mobile and Phone Banking available
  1. Neo Salary Account:
  • Zero balance account
  • Classic ATM debit card
  • Provides Rs. 2 Lakhs for Personal accidental death) worth Rs. 2 Lakh
  • ATM withdrawal limit for Domestic is Rs. 40,000 and International is Rs. 50,000
  • Lost card liability insurance – Rs. 2 lakh
  • Net, Mobile and Phone Banking available
  1. Ace Salary Account:
  • Platinum ATM debit card
  • 5% fuel surcharge waived off
  • Employee reimbursement account
  • Unlimited ATM withdrawal transactions
  • Net, Mobile and Phone Banking available

Interest Rates:

Kotak adds attractive interest rates for salary account holders.

  • For maintaining an amount of up to Rs. 1 Lakh – 5.00% p.a
  • Above Rs. 1 Lakh and up to Rs. 1 Crore – 6.00% p.a
  • Above Rs. 1 Crore – 5.50% p.a

Eligibility Criteria:

  • Edge Salary Account – Individuals should have a monthly net income of Rs. 20,000
  • Platina Salary Account – Salary of individual should be Rs. 1 Lakh and above
  • Neo Salary Account – Salaried persons must get an income of Rs. 10,000 and above
  • Ace Salary Account – Monthly salary of the applicant should be Rs. 50,000 and above

Read More – Kotak Accidental Death Benefit Rider Insurance Policy

Documents Required for Kotak Mahindra Bank Salary Account:

  • Duly filled the application form
  • Identity Proof – Aadhaar/PAN card/Election ID/Passport/Driving License/Valid Photo Debit/Credit Card/Government or PSU ID documents
  • Address Proof – Aadhaar Card/Passport/Ration Card/Voter Card/Driving License
  • Latest passport size 2 Photographs

Kotak Mahindra Bank Salary Account

Steps to Open KMB Salary Account:


  1. Open Kotak’s official website
  2. Click ‘Explore Products’ Button
  3. Choose ‘Corporate Salary Accounts’
  4. Select the type of ‘Salary Account’
  5. Click on ‘Apply Now’ button
  6. Fill the form and submit
  7. You receive an account number instantly and the bank employee will contact you.


  1. Visit the nearest branch
  2. Submit all required self-attested KYC documents along with application form

Are you interested to apply for Kotak Mahindra Bank Salary Account? Hurry up to get the balanced life benefits it offers for the employees and company/organization. Enjoy seamless account access through multiple online and offline banking methods.


Natraj Studied bachelor's degree in finance and business from Telangana University, Nizamabad. A Writer based In India, He has a degree in Charted Accounts and has very knowledgeable in credit repair and Banking Sectors. So, I decided to start a blog and share my knowledge to the visitors.

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