DBS Bank Savings Account vs Kotak Mahindra Bank Savings Account

Interest Rate

3.00% - 4.00% p.a.
3.50% - 4.00% p.a.

Minimum Balance

Zero Balance Savings Account
Zero Balance Savings Account

Monthly Average balance

Rs. 5000
Nil or Rs. 10,000

Features

Branchless, Signatureless, Paperless

Tap-to-pay facility

Cashback upto 10% on shopping

Free 24x7 fund transfers via UPI, NEFT, IMPS, RTGS 

Mobile and Internet banking services 

SMS Alerts and e-statement facilities 

Auto Sweep Facility 

Cheque Book

Free NEFT through Internet Banking

Free Cash Withdrawals at Domestic ATMs

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



Documents Required

* PAN card/Aadhaar card/Voter ID/Passport/Driving license/Employee ID

* Any photo ID card issued by the Central/State government/NREGA job card

* Utility bill (electricity, gas, water, telephone)

* Passport

* Bank account statement or passbook of the bank

* Ration card

* A letter stamped/signed/recognised from a gazetted officer or public authority to verify the address details of the applicant

* Latest colour passport-size photograph

* Savings Account application form

* 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


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More comparisions with Kotak Mahindra Bank Savings Account

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