Kotak Mahindra Bank 4th Largest Private Sector Bank

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Kotak Mahindra Bank 4th Largest Private Sector Bank: Kotak Mahindra Bank is one of the Private Sector bank and Financial Service providers in India. Kotak Mahindra Bank Offers services like

  • Banking,
  • General Insurance,
  • Life Insurance,
  • Loan Services,
  • Wealth Management etc.

About Kotak Bank 4th Largest Private Sector Bank

TypePrivate Sector Bank
IndustryBanking, Financial Services
HeadquarterMumbai, Maharastra India
Founded2003
FounderUday Kotak
Kotak Mahindra Bank ChairmanPrakash Apte
MD & CEOUday Kotak
SubsidiariesKotak Mahindra General insurance
TaglineLets Make Money Simple, Ab Kona Kona Kotak
news on kotak bank

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The tagline of Kotak Mahindra Bank: Lets Make Money Simple, Ab Kona Kona Kotak

Kotak Mahindra Bank History

The Kotak group is an establishment in India in 1985. Previously it is known as the Kotak Mahindra Finance Limited, a non-banking financial company. In 2003 Kotak Mahindra Bank Receiving  Banking License from Reserve Bank of India RBI.

 Kotak Mahindra Finance Ltd. It is the 1st company in Indian banking history to convert to a Bank.

Kotak Launches ATMs on Wheels

Kotak Mahindra Bank announced ATMs on Wheels facility in Delhi-NCR. The Mobile ATMs facilitates cash free economy during this COVID-19 pandemic crisis.  President of Kotak Mahindra Bank Mr. Puneet Kapoor said it is an easy access to cash withdrawal services.

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Purpose of Kotak Bank

  • Kotak Mahindra Bank understands and fulfills customers’ needs.
  • It is a financial service, Indian Group.
  • It’s Technology & Practices are like International Market.
  • Create an environment of trust across all over the country.
  • Value creation has to more important rather than the size of business.

Kotak Bank Services and products

  • Transaction Banking
  • Operates Lending verticals
  • Manage IPOs
  • Provide Capital loans
  • Credit Cards
  • Life Insurance
  • Mutual Funds
  • Car Finance
  • Securities
  • Institutional Equities
  • Investment Banking
  • International Business
  • Kotak Private Equity
  • Kotak Realty Fund
  • Wealth Management

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Kotak Bank Services

Deposit Accounts

  • Savings Account
  • Current Account
  • Term Deposits
  • Corporate Salary Accounts
  • JIFI Account
  • Safe Deposit Locker
  • Kotak 3-in-1 Account

Kotak Loans

  • Personal Loans
  • Home Loans
  • Loan Against Property
  • Education Loan
  • Tractor Finance
  • Rural Auto & Farm Equipment Finance
  • Home Improvement Loans
  • Home Loan Balance Transfer
  • Gold Loans
  • Commercial Vehicle Finance
  • Loan Against Securities
  • Construction Equipment/Infrastructure Finance
  • Saral Auto Finance

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Kotak Cards

  • Debit Cards
  • Credit Cards
  • Compare Credit Cards
  • Kotak [email protected]
  • Best Compliment Cards
  • Kotak Multi Currency World Travel Cards

Convenience Banking

  • Net Banking
  • Mobile Banking
  • Phone Banking
  • ATM Network
  • Money Watch
  • Hashtag Banking
  • Kotak Payment Gateway
  • Insta Balance Service
  • Immediate Payment Service
  • Alerts
  • SMS Banking
  • Cash Deposit Machine

Investment and Insurance

  • Demat
  • Mutual Funds
  • Life Insurance
  • Qualified Foreign Investor
  • ASBA
  • National Pension System

Kotak Mahindra Bank Loans

  • Education Loans,
  • Commercial Loans,
  • Home Loans,
  • Personal Loans and
  • Loans Against Property etc.

Kotak Mahindra Bank Branches

The Kotak Bank Branches are as follows:

  • Andhra Pradesh
  • Assam
  • Bihar
  • Chandigarh
  • Chhattisgarh
  • Dadra & Nagar Haveli
  • Daman & Diu
  • Delhi
  • Goa
  • Gujarat
  • Haryana
  • Himachal Pradesh
  • Jammu & Kashmir
  • Jharkhand
  • Karnataka
  • Kerala
  • Madhya Pradesh
  • Maharashtra
  • Meghalaya
  • New Delhi
  • Odisha
  • Pondicherry
  • Punjab
  • Rajasthan
  • Sikkim
  • Tamil Nadu
  • Telangana
  • Tripura
  • Uttar Pradesh
  • Uttarakhand
  • West Bengal

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Contact Details of Kotak Bank

Registered Office
Kotak Mahindra Bank Limited
36-38A, Nariman Bhavan
227 Nariman Point
Mumbai – 400 021

Kotak Bank Official Website

The Official Website of Kotak Bank is: www.kotak.com

Kotak Helpline Numbers

For Banking Services: 1800 102 6022
For Credit Card: 1800 102 6022
Abroad: +91 22 6600 6022

What is Minimum Balance in Kotak Mahindra Bank?

Average Monthly Balance requirement of Rs. 5000/-

What is Kotak 811?

Kotak Mahindra 811 account is a Zero Bank Saving account for single Users offered by Kotak Mahindra Bank.

What is Virtual Debit Card?

Virtual Card, also known as Electronic Card or e-card is used for E-commerce transactions services.

What is ATM Decline Fee?

For Insufficient balance, Banks do charges for transactions and such penalty is known as ATM Decline Charges.

What are the benefits of Kotak Mahindra Bank Account?

The benefits of Kotak bank Account are following:
Less time to open Bank account.
Free Virtual card to shop online.
Online offers
Recharge & Bill payment
Online Bank Statement
Easy Money Transfer
Upto 6% Interest
Zero Balance Account etc.

Is Kotak Mahindra Bank cuts interest rates on savings accounts?

Yes Kotak Mahindra Bank has recenctly cuts interest rates on savings accounts.
The interest rates on savings account are revised to 4.5 percent per annum for daily balances above ₹1 lakh and 3.75 percent for daily balances up to ₹1 lakh.
The Kotak Mahindra Bank’s new interest rates are effective from 20 April.

What is the Average Monthly Balance required to start a Kotak Pro Savings Account?

The Average Monthly Balance Required to start a Kotak Pro Savings accounts is Rs 20,000. It is specially designed for people with low incomes.

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Last Updated: August 15,2020 12:00:28 AM

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