Grand Savings Programme

Grand is crafted with utmost care for the golden years of your life. Built with offerings such as flexibility in balance maintenance, Call back facility with an SMS, complimentary one year membership to GetSetUp, PSFB Rewards, discount on locker rentals, exciting offers and more, the Grand account ensures to make life comfortable as soon as you turn 55 years old.

Flexibility in Balance Maintenance

Avail non-maintenance charge waiver by maintaining adequate Average Monthly Balance or holding FD. Click here to know more One year subscription to GetSetUp – a virtual community for senior citizens hosting over 2000 workshops & classes in the fields of yoga, acting, dancing and much more

 Rewards

Experience  Rewards** feature where you can earn up to 1500 Reward & get exclusive offers

Discount on locker rentals

25%*discount on locker rental for the first year (applicable for locker allotment in the financial year of enrolling for Grand Programme)

Attractive Interest Rates

Enjoy attractive interest rates on Fixed Deposits

What are the benefits and privileges of having a Grand Savings Account?

Banking Benefits

  • Home Banking#
    Cash or Instrument pickup/delivery service for you to have a convenient experience.

    #For Pro/Classic 2 calls per month and for Ace 5 calls per month are free, beyond which charges are applicable as per GSFC

  • PSFB ActivMoney
    Earn FD like interest rate upto 7% with your Grand Savings Programme. Sweep in Sweep out limit as per variant. Click here to know more.
  • Debit Card
    The Debit card offers you Purchase Protection^ up to Rs. 1 lakh for all consumer durable goods purchased.

    For further details and benefits of your card please click here.
    ^ Conditions Apply

  • Easy Bill Payment
    Set up AutoPay and pay bills directly from your account. Now you will never have to worry about missing a bill payment.
  • Overdraft facility
    Forget about having to break a Fixed Deposit and losing out on the interest during emergencies. Get money when you need it by opting to get an Overdraft of up to 85% on your Fixed Deposit.
  • Net Banking and Mobile Banking
    With our world-class digital banking solutions and its 180+ features you can bank with ease 24*7. Transfer money, pay bills, recharge your DTH account, book flight tickets and much more through our new-age, user-friendly Net Banking and Mobile Banking app.

PSFB Rewards

Other features

Disclaimer

1. W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.

2. Applicable maximum cashback for Ace  Account holders. if the Average Monthly Balance required is maintained and the Debit Card spends criterion is met.

3. Available for Pro, Classic, Ace  customers only

@ Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges

ActivMoney Current Account

Discover the power of ActivMoney Current Account, a unique banking solution designed to maximise your earnings. It comes with a pre-enabled auto-sweep feature, automatically transferring your idle funds into a Fixed Deposit, ensuring your money always works for you. ActivMoney Current Account empowers you to maximise each opportunity and boost your earnings. The auto-sweep in Current Account feature gives you an opportunity to earn up to 7%* interest p.a. ActivMoney Current Account helps you unlock business growth.

Unlock growth and supercharge your business:

  • Maintain a robust Average Quarterly Balance of ₹5 Lakh.
  • ActivMoney facility initiates an auto-sweep from the Current Account to a Fixed Deposit (FD) once your funds cross the specified limit, thus enabling you to earn up to 7%* interest p.a.
  • No penalty for premature withdrawal of FD, keeping your funds flexible.
  • Fixed Deposits are created for 180 days in multiples of ₹5,000.
  • Deposit cash up to 10 times the previous month’s average credit balance or ₹60 Lakh, whichever is higher.
  • Enjoy the privilege of free cash withdrawal at your home branch.
  • Free cash withdrawal at non-home branch locations up to ₹5 Lakh daily.
  • Benefit from free unlimited Demand Drafts payable at Kotak and Non-Kotak Bank branches.
  • A waiver on outward cheque returns (up to 10 monthly instruments).

Active Money Current Account

Elevate your business banking experience with features designed to help you streamline your business.

  • Maintain an Average Quarterly Balance of ₹2.5 Lakh.
  • ActivMoney facility initiates an auto-sweep from the Current Account to a Fixed Deposit (FD) once your funds cross the specified limit, thus enabling you to earn up to 7%* interest p.a.
  • Enjoy the flexibility of no penalty for premature withdrawal of FD.
  • Fixed Deposits are created for 180 days in multiples of ₹5,000.
  • Deposit cash up to 10 times the previous month’s average credit balance or ₹25 Lakh, whichever is higher.
  • Benefit from free cash withdrawal at your home branch location.
  • Free cash withdrawal at non-home branch locations up to ₹2.5 Lakh per day.
  • Avail free Demand Drafts (up to 50 monthly instruments) payable at Kotak Bank branches.
  • Free Demand Drafts (up to ₹30 Lakh per month) payable at non-Kotak Bank branches.
  • Enjoy a waiver on outward cheque returns (up to 10 instruments per month).

Active Money Lite Current Account

Experience the power of smart banking with power-packed features:

  • Maintain an Average Quarterly Balance of ₹1 Lakh.
  • ActivMoney facility enables an auto sweep from the Current Account to a Fixed Deposit once the funds cross the specified limit, thus enabling you to earn interest up to 7%* p.a.
  • Enjoy the flexibility of no penalty for premature withdrawal of Fixed Deposit.
  • Fixed Deposits are created for 180 days in multiples of ₹5,000.
  • Enjoy free cash deposit up to ₹10 Lakh per month.
  • Benefit from free cash withdrawal at your home branch location.
  • Free cash withdrawal at non-home branch locations up to ₹1 Lakh per day.
  • Enjoy a waiver on outward cheque returns (up to 7 monthly instruments).

Startup Regular Current Account

  • Non-Maintenance Charge waiver for the first twelve months from the date of the Current Account opening
  • Free RTGS/NEFT payments at branches or via Net Banking
  • Free cash withdrawal at non-home branch locations up to Rs. 50,000 per day
  • Free cash deposits at home branches, up to 5 times of previous month’s average credit balance or Rs. 5,00,000, whichever is higher
  • Free cheque payment and collection pan-India
  • Free alerts through e-mail and SMS
  • Free outward cheque returns (up to three instruments per month)