Kotak Mahindra Bank

The minimum balance requirement for a Kotak Mahindra Bank savings account varies depending on the specific type of account. Here's a breakdown:

Kotak Classic Savings Account: The minimum average monthly balance (AMB) is Rs. 10,000.

Kotak 811 Edge Savings Account: The minimum balance requirement is Rs. 10,000.

Kotak Everyday Savings Account: The minimum balance requirement is Rs. 10,000.

Kotak ActivMoney Savings Account: The minimum balance requirement is Rs. 25,000.

Kotak Pro Savings Account: The minimum balance requirement is Rs. 20,000.

Important Note: The AMB is calculated by averaging the end-of-day balances over the month.