Business
Kotak Mahindra Bank To Levy SMS Alert Fee From December; Waiver For Select Accounts & Balances
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Kotak Mahindra Bank will charge Rs 0.15 per SMS alert for Savings and Salary accounts from December 2025, with 30 free alerts monthly and waivers for higher balances.
Kotak Bank to Charge Rs 0.15 per SMS Beyond Free Limit Starting December
Starting December 2025, Kotak Mahindra Bank will begin levying nominal charges for SMS alerts related to transactions on Savings and Salary accounts. According to the bank, customers will be charged Rs 0.15 per SMS, with the first 30 alerts each month remaining free. The charges will apply once the free limit is exceeded.
These SMS alerts typically notify customers about key account activities, including UPI, NEFT, RTGS, and IMPS transfers, ATM withdrawals, cash deposits, cheque clearances, and debit or credit card transactions.
However, there is a waiver for accounts maintaining balances of Rs 10,000 (Rs 5,000 for 811 accounts).
While Kotak Mahindra Bank has clarified that the fee is nominal, the decision could impact users who rely heavily on text-based alerts rather than mobile app notifications.
It is important to note that Kotak Mahindra Bank isn’t the only bank that charges users for SMS alerts. Several other banks have also begun revising their SMS notification policies in recent months, citing operational costs and a gradual shift toward app-based and email notifications.
These types of accounts are excluded from charges:
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Private Banking Program
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Solitaire Program
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811 Super Savings Account
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Floating Rate Linked Savings Scheme
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Privy League Program (Neon, Platinum, Black)
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Kotak Easy Savings Account
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Non Resident Accounts
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Salary Account for Uniformed Services
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Pragathi Deposits
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Retail Banking RERA Savings Account
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Kotak Government Business Savings Account
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FCRA Utility Account
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Kotak Retail Institutional Savings Account
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Salary Account for Public Services
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BSBDA for BSS Microfinance
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Institutional Savings Account
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Corporate Salary Tax Refund Account
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SPENDZ
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Retail Banking Self Maintaining RERA SB A/C
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ESCROW Saving Account
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Kotak FCRA Savings Account
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Financial Inclusion Savings Accounts
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Basic Savings Bank Deposit Account (Pradhan Mantri Jan Dhan Yojana)
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Xpress Limited KYC Saving Account

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 11, 2025, 19:36 IST
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Crunch talks between resident doctors and ministers set to continue
Crunch talks between resident doctors and the Government are set to continue in a bid to avert strike action.
Sir Keir Starmer has given the resident doctors committee of the British Medical Association (BMA) a deadline to reconsider a deal on pay and jobs which includes an offer of thousands of extra NHS training posts.
It is understood the proposal will be removed from the deal if resident doctors in England press ahead with a six-day strike from April 7 in a row over jobs and pay.
Dr Jack Fletcher, chairman of the resident doctors committee of the union, said: “It is wrong for Government to withhold desperately-needed jobs as part of negotiating tactics.
“Anyone who works in the NHS knows that patients need these 4,000 jobs created as soon as possible.
“We made that very clear to Government in our meetings today.
“We are not interested in arbitrary deadlines – we will be looking to get this dispute ended right up to the last minute.
“We believe there is a deal there to be done if Government is willing to withdraw the changes it made at the last minute that reduced the funding for pay rises. Talks continue.”
It comes as senior medics announced they were escalating their disputes with the Government.
Consultants and other senior doctors are to be balloted on industrial action after ministers announced they would be getting a 3.5% pay award.
Simultaneous ballots of consultants and specialist, associate specialist and specialty (SAS) doctors will run from May 11 until July 6.
Addressing resident doctors, Prime Minister Sir Keir Starmer wrote in The Times: “The truth is this: no-one benefits from rejecting this deal.
“Resident doctors will be worse off. Instead of improved pay, progression and support, they will receive the standard pay award this year, with none of the reforms that would have strengthened their working lives.”
The deal sets out a minimum of 4,000 new additional specialty posts to be delivered over the next three years.
NHS England boss Sir Jim Mackey confirmed the offer to expand training places will “come off the table” if an agreement is not reached.
The walkout, which is due to run from 7am on April 7 until 6.59am on April 13, will be the 15th round of strikes by resident doctors in England since 2023.
In a letter to health leaders, Mike Prentice, national director for emergency planning at NHS England, wrote: “We expect this round to be challenging as there is a shorter notice period, bank holidays within the notice period and the action itself falling during the Easter holidays.
“This will represent a significant strain on staffing resources to provide safe cover.”
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