Kotak Mahindra Bank explained that some groups of customers will be exempt from paying this fee. (Photo: Vijay Sartape/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Kotak Mahindra Bank has announced that customers will now be charged for SMS notifications issued by the bank. As per an official notice, Rs 0.15 will be charged per SMS with a free limit of 30 alerts per month. It will be effective from December 2025.

Transactions for which such charges will be applicable include UPI/NEFT/RTGS/IMPS transfers, ATM withdrawals, cash transactions, cheque deposits, debit and credit card usage, etc. It will apply to salary and savings accounts.

The bank noted that some categories of customers will be exempt from these fees. This includes private banking clients, n

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