Kotak Mahindra Bank's Latest Updates: Revised Debit Card Annual Fees and Cash Transaction Limits

Kotak Mahindra Bank is set to implement changes to several charges and transaction limits. Effective April 1, 2026, these revisions will impact savings and corporate salary account holders by altering ECS/NACH failure charges, debit card fees, and cash transaction limits. 

Key Changes to Debit Card and ECS/NACH Fees 

From the start of April 2026, Kotak Mahindra Bank will increase the charges associated with failed ECS (Electronic Clearing Service) and NACH (National Automated Clearing House) transactions.  

The fee for the first failed debit will be ₹500, with subsequent failures incurring a charge of ₹550. Previously, the fee was ₹500 for each occurrence. 

Additionally, the bank will increase the annual maintenance fee for its Pay Shop More Debit card from ₹259 to ₹285. This adjustment affects savings and corporate salary account holders using this particular service. 

Revision of Monthly Cash Transaction Limits 

Kotak Mahindra Bank also plans to adjust cash transaction limits for savings account holders under its specific banking programmes.  

For those not meeting the Relationship Value (RV) criteria, the limits will be capped at 3 transactions per month, with a maximum combined value of ₹1,00,000. Exceeding these limits will result in applicable charges as per the bank's schedule. 

This policy change applies to programmes including Kotak Solitaire, Privy, Privy+, Private, Neon, Maxima, Platinum, and Black. Account holders should consult the programme-level General Schedule of Fees and Charges (GSFC) for complete details. 

Introduction of Third-Party Cash Transaction Fees 

A new third-party cash transaction fee structure will be introduced, offering customers a free monthly limit of ₹25,000.  

Transactions exceeding this amount will incur a charge of ₹5 per ₹1,000, with a minimum fee of ₹150 per transaction. This new fee is designed to regulate cash transactions and encourage digital banking solutions. 

Read More: Dark Patterns in Banking Under Scrutiny as RBI Sets July 2026 Deadline for Removal! 

Kotak Mahindra Bank Share Price Performance  

As of March 02, 2026, at 3:30 PM, Kotak Mahindra Bank share price on NSE was closed at ₹413.10 down by 0.51% from the previous closing price. 

Conclusion 

The updates by Kotak Mahindra Bank are part of a strategic adjustment to better manage transaction and service costs. These changes emphasize the bank's focus on adapting its financial products and services to align with customer needs and market trends. 

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