Starting December 1, 2025, Kotak Mahindra Bank will charge 15 paise (₹0.15) for every transaction SMS alert (like when you send money through UPI, withdraw cash from an ATM, etc.). Customer will get 30 free SMS alerts each month after that each extra SMS will be charged.
Who Won’t Have to Pay the SMS Charges?
Clients won’t be charged if their account meets certain balance or salary conditions:
For regular savings or salary accounts, customer can avoid the SMS alert charges by maintaining a combined balance of ₹10,000 or more. This includes their average monthly balance plus any term deposits linked to their account. Alternatively, if they receive regular salary credits as per their account type, they will also be exempt from the SMS fee.
For Kotak 811 accounts, customer can avoid the SMS alert charges by maintaining a combined balance of ₹5,000 or more. This total includes their average monthly balance along with any term deposits linked to your account.
Starting November 1, 2025, Kotak Mahindra Bank is also reducing the annual fees for some of its debit cards.
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The Privy League Black Metal Debit Card fee will go down from ₹5,000 to ₹1,500 per year.
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The Privy League LED Debit Card fee will also be reduced from ₹2,500 to ₹1,500 per year.
So, from that date, both cards will have the same annual fee of ₹1,500.
