Silk Women's Savings Account | Savings Account for Women - Kotak Mahindra Bank

Happy Mother's May*

Silk, our unique banking programme exclusively for women, is built on the belief that her true independence comes from her financial independence. This Mother’s May, let her inner voice take flight. #GoForItMom

Celebrate with special offers all through the month of May


Smart EMI Card

Get Smart EMI card for Rs.199 instead of Rs.499


Personal Loan

Flat Rs.999 processing fee


Two Wheeler Loan

Flat interest rate of 8.99% p.a. on Two wheelers for female applicants taking loan on scooters only.

Financial Privileges

  • Junior account through linked RD or SIP
    For NMC# waiver in Junior Account Minimum monthly RD or MF-SIP instalment value of Rs. 1000/-; Minimum tenure of 36 months. Maximum cap on RD monthly instalment : Rs. 25,000 for tenure up to 120 months / Rs. 1,00,000 for tenure up to 36 months
  • Discount on Lockers
    35% discount is applicable to all Silk Programme customers till 31st March of the subsequent financial year from date of allotment.
  • Discount on Best Compliments Card
    As a Silk customer, get a 50% discount* on the issuance fee on this card
  • Higher Debit Card Withdrawal Limits
    With our Kotak Silk Debit Card, spend without worry, anywhere, anytime. Enjoy the advantage of higher withdrawal limits with no annual fees on Ace Accounts

    Additional features of Kotak Silk Debit Card

  • Silk POS Limit Rs. 2,00,000
    Silk ATM Withdrawal limit Rs. 40,000-Domestic
    Rs. 50,000-International
    Lost Card Liability upto Rs.3,50,000/-
    Purchase Protection
    upto Rs.1 ,00,000/-
    Debit Card Type Platinum card
    Personal Accidental Death Cover
    Classic Silk Debit Card
    Platinum Silk Debit Card

    Coverage – 2lakh *
    Coverage up to 50 lakhs*
    Lost baggage Insurance upto Rs. 1,00,000/-
    Air Accidental Death Insurance upto Rs. 50 lakhs

  • *Click here for terms and conditions
  • Now get more from the bank as you keep less in the bank. As per the Union Budget 2012 interest earned up to Rs.10,000 from your Savings Account, is now tax free under section 80TTA of the Income Tax Act, 1961.

    Average Savings Account balance required to avail of this exemption:
  • Ordinary account (3.25 % p.a.)
    Kotak account (up to 4% p.a.)
    Rs. 3.07 lakhs Rs. 2.5 lakhs


* Subject to maintenance of Average Monthly Balance in the Silk Account

^ Subject to availability.

# Non Maintenance Charge

Exclusive Privileges

With Kotak Mahindra Bank you can avail great offers round the year from our key partners. Choose from offers across categories including restaurants, travel, shopping, electronics, health & wellness, entertainment etc as well as special EMI offers.

To find out the latest offers available on women's savings account click here

Check out additional Kotak Bank Savings Account products by clicking here


  • Up to Rs. 4500/- Cashback1: With your exclusive Silk Debit Card, enjoy attractive Cashback each time you shop2, up to Rs.4500/-3 in a year.
  • Your Silk Debit Card offers Cashback across all spends^, inclusive of Grocery, Jewellery, Fuel*, Hotel and Dining, Entertainment, Health and Beauty, Apparel
  • Reward Details on Silk Debit Card spends are listed below (with effect from 1st Apr 2017)
Cashback Rs. 1200/- per annum / Rs. 100/- per month Rs. 3000 per annum. / Rs. 250/- per month
Rs. 4500 per annum / Rs. 375/- per month


  • Criteria to avail rewards on debit card spends3
  Edge/Nova Pro/Classic
Min Spend/Month subject to maintenance of AMB for previous month
Rs. 7500/month Rs. 15000/month Rs. 25000/- per month


  • 1Cashback is subject to meeting of minimum Average Monthly Balance requirement & will be credited monthly
  • 2ATM Cash Withdrawals are not eligible for Cashback
  • 3Applicable maximum yearly Cashback for Ace Savings Account Holders. Details of the same will be communicated through email and SMS
  • *Fuel Surcharge is not waived off. Fuel surcharge amount is not considered as a spend and excluded from computation of Silk Rewards.
  • ^All Spends done offline at POS or online through E-Commerce websites, using Silk Debit Card as the mode of payment will be considered for rewards.


Check your eligibility for the Silk Woman Savings Account.

Explore more savings account options that best suit your needs.

Key Partners



W.e.f. Sep 20, 2021, daily balances in Savings Account up to Rs. 1 lakh will continue to earn 3.50% p.a. interest. Interest rate on daily balances in Savings Account above Rs. 1 lakh stands revised at 3.50% p.a. These interest rates are applicable for Resident Accounts only.

*TnC Apply

*The Two Wheeler loan is provided by KMPL


Ready to take the next step?

Get a Complimentary Upgrade to Kotak Silk


Frequently Asked Questions

How is the Average Monthly Balance (AMB) requirement calculated for savings account?

Average Monthly Balance is calculated by dividing the sum of all ‘End of Day’ balances in a month by the number of days in that month.

Average Monthly Balance is calculated by dividing the sume of all ‘End of Day’ balances in a month by the number of days in that month.

Please refer the following illustration for the calculation of AMB.

Sample Bank Statement:

Sr. no.





Closing balance


January 1st, 2012

Opening Balance



Rs. 10,000/-


January 10th, 2012

ECS Credit-VD


Rs. 10,000/-

Rs. 20,000/-


January 16th, 2012

Cash Withdrawal

Rs. 5,000/-


Rs. 15,000/-


January 25th, 2012

Cheque Deposit- MICR Clearing


Rs. 20,000/-

Rs. 35,000/-


January 28th, 2012

HPCL Petrol Pump POS 43860000000012

Rs. 1,000/-


Rs. 34,000/-


January 30th, 2012

Cash Deposit Mumbai


Rs. 9,000/-

Rs. 43,000/-


January 31st , 2012

Funds Transfer

Rs. 25,000/-


Rs. 18,000/-

AMB Calculation:

Sr. No.

Time Period


Amount (Rs.)


EOD Balance from January 1st, 2012 to January 9th, 2012

Rs. 10,000/- x 9

Rs. 90,000/-


EOD Balance from January 10th, 2012 to January 15th, 2012

Rs. 20,000/- x 6

Rs. 1,20,000/-


EOD Balance from January 16th, 2012 to January 24th, 2012

Rs. 15,000/- x 9

Rs. 1,35,000/-


EOD Balance from January 25th, 2012 to January 27th, 2012

Rs. 35,000/- x 3

Rs. 1,05,000/-


EOD Balance from January 28th, 2012 to January 29th, 2012

Rs. 34,000/- x 2

Rs. 68,000/-


EOD Balance for January 30th, 2012

Rs. 43,000/- x 1

Rs. 43,000/-


EOD Balance for January 31st , 2012

Rs. 18,000/- x 1

Rs. 18,000/-


Total EOD balances for the month January 2012


Rs. 5,79,000/-


Divide by the no. of days in the month




Average Monthly Balance (AMB)


Rs. 18677.42/-

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What is the ActivMoney facility?

Through this facility you can earn a much higher interest on your idle funds in the Savings Bank Account.

The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.

The advantages of this facility are:

  •         Higher rate of interest earned.
  •         You need NOT track idle funds regularly & give instructions to the bank to create Term Deposits out of Savings Account balances.
  •         Greater Flexibility & Liquidity as the funds flow back into the Savings Account if the balance in the Savings Account falls below a particular level.

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Who can open a Savings Bank Account

To apply for Kotak Mahindra Bank Pro Savings Account, you should belong to anyone of the following categories

  • Resident Indian (Sole or Joint Savings Account)
  • Hindu Undivided Families
  • Foreign Nationals Residing in India1

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How can I change my Home Branch?

Go to Get Help section in Website > Service Request > View All. Select Change of Home Branch Request. User to enter Login credentials and the OTP received. User can change the Home Branch at CRN level (all savings accounts) or at a savings account level.

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How can I know more about fees and charges applicable on my savings account?

You can get complete details about the fees and charge applicable on your savings account by referring the ‘Fees and Charges’ tab in the savings account section of our website.

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