Kotak Mahindra Bank is the place where you can place your trust in for all the banking services. This private sector bank was established in 1985 and the headquarter is located in Mumbai. This bank has the nexus of branches and ATMs in a total number of 1369 and 2163 respectively. All the branches and ATMs are spread out all over the country in 689 locations.
Services Rendered By Kotak Mahindra Bank
The Kotak Mahindra services which are made accessible for retail banking are.
The service which makes banks distinctive from each other in offerings is the interest rate that they give on the savings account. The rates offered by Kotak Mahindra are the best in the market. There are also many customization options that an account holder can avail as per setting her/his savings goal flawlessly.
Types of savings account on offer from Kotak.
- Edge Savings account
- 811 Savings account
- Account for minors, Junior
- Classic Savings account
- Silk Women’s Saving account, etc.
This type of deposit account is only used by businesses and professionals. The salient point which should be kept in mind is that there is no interest offered on this account. However, it allows you to transact as many times as you want during the day without any extra charges. Kotak Mahindra current account comes in various types, listed below.
- Startup regular current account provides you free delivery and pickup of cash or cheque on just a call.
- Neo Current account has a feature of Kotak ActivMoney, which allows you to invest a portion of your balance into term deposits to get captivating returns.
- Pro Current account holders will also get a dedicated relationship manager just a call away.
- Astra 05 Current account
- Elite Current account, etc.
Kotak Bank Loans
All the things for which you are dreaming are made accessible to you by Kotak Mahindra’s personal loan scheme. The documentation required is of very minimal nature and the approval is made instantly. The top-up facility is also available on all the amounts of sanctioned loans. Points to note. The loan amount can be anywhere between INR 15,000 to INR 15 lakhs. You can also make the prepayment but this service enables only after the 12 EMIs. Many options as per your choice are made available for the repayment of the loan.
The belief system on which Kotak is established is that education is a must for everyone. This bank offers very aggressive interest rates so that the laudable students can go to foreign colleges for further studies. Some points to note. The income of the absconding person will play a huge factor in getting the loan amount. For further studies in India, the maximum loan amount you can get from Kotak is of INR 10 lakhs. For studying in foreign, this amount doubles itself and the maximum you can get is INR 20 lakhs. If all the documents are available, processing of the loan is being done very quickly.
Loan Against Property
Depending on the property you submitted, a loan amount ranging from INR 50 lakhs to INR 5 crores can be taken from this bank. The property which you are putting up as collateral could be anything residential, commercial, etc.
With services and facilities like the bank will get your documents collected from your home and quicker turnaround time, Kotak is providing home loans at very affordable interest rates.
It comes under the category of personal loans where you can get a loan sanctioned against any gold material. The loan amount can be used for the consolidation of debts, weddings, etc.
Kotak Mahindra offers exciting car loan packages to its customers. The eligible subject can be any car, be it used, new, imported or any other category. Kotak guarantees the disbursement of loans in 48 hours.
Kotak Mahindra Bank Cards
All the shopping needs are fulfilled by the credit card facility of Kotak Mahindra Services. Be it fine dining along with a movie, or filling up the fuel tank, exciting cashback is offered on all the transactions. For easy selection, Kotak already bifurcated its credit cards in 4 categories, a) restaurants and movies, b) travel, c) shopping, d) others.
Some credit cards that are offered to all the customers including Kotak Mahindra Current account holders.
- Urbane Gold credit card
- Royale Signature credit card
- PVR Gold credit card
- Essential Platinum credit card
The debit card provides the power to its customers to sustain in the cashless economy. Various benefits that are attached to this service also comes in very handy to all. The customers who are operating a savings account to get a complimentary debit card from Kotak.
Kotak Bank Investments
If your goal is to put some of your deposits on hold and earn higher interest, the fixed deposit scheme among other Kotak Mahindra Services is best suited for you. The interest rate of a whopping 6.8% per annum is offered on fixed deposits by Kotak. The term for which you can put your money starts from as low as 7 days and goes all the up to 10 years.
The types of FDs that are offered by this private sector bank are.
- Regular FD
- Reinvestment FD
- Tax saving FD
- Senior citizen FD
Kotak Mahindra Bank Executives: Just A Call Away
You are not left alone anytime by the magnificent Kotak Mahindra Customer Care service. The exemplary understanding of your problem by the executives makes banking a very easy chore in your life. There are many ways you can reach us. First and foremost, you can always visit the branch to experience the best service in the industry. You can also write to us by logging into your net banking and select ‘Take me directly to - mail’. You can also call us on our customer care number 022 6600 6022. The address to reach Kotak Mahindra Bank is Shop no. 1-6, plot no. 9, Mandaveli, Patparganj, Delhi, 110092.
Partner With Kotak Mahindra Bank
This private sector bank provides a variety of services that are made easily accessible to anyone who needs a hassle-free banking experience. Kotak contributed to the government of India’s pension scheme and started the National Payment System which provides a layer of security to old age people. The scheme also has an authority that monitors it and solves any discrepancies made on anyone’s part. The authority is PFRDA (Pension Fund Regulatory and Development Authority). Any citizen of India including the NRIs can open the NPS account with the age between 18 to 65 years. The scheme came in effect for Indian citizens in May 2009.