Kotak Mahindra launches savings account for 55 years and above

Account holders get customised cash delivery, health card with 50% treatment discount, 35% off on locker facility

Private sector lender Kotak Mahindra Bank has launched a savings bank account-Grand-- specifically for customers above 55 years and above.

This account will provide certain specific products and services for this customer segment. For instance, the lender will provide a customised cash delivery, specific health care benefits such as health card from Indian Health Organisation that can entitle customers for up to 50 per cent discount on treatment, 35 per cent discount on locker facility etc.

Customers of this account will earn 6 per cent on savings balance of over Rs 1 lakh and 5 per cent on balances up to Rs 1 lakh.