Financial Inclusion
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Financial Inclusion is delivery of banking services at an affordable cost to vast section of disadvantaged and low income group. The key focus of Financial Inclusion includes four products:
- A pure savings product with inbuilt overdraft facility
- A Recurring Deposit product
- A Remittance product and
- Entrepreneurship credit in the form of KCC/GCC
- Extending formal banking system among less privileged in urban & rural India.
- Weaning them away from unorganized money markets and moneylenders.
- Equipping them with the confidence to make informed financial decisions.
- Relaxation of Know Your Customer (KYC) guideline for No-Frill accounts.
- Introduction of Business Correspondent (BC) Model for service delivery in remote areas
- Adoption of Information & Communication Technology (ICT) based model for enhancing outreach.
- Integration of Electronic Benefit Transfer (EBT) for disbursement of Govt. Grants.
- Reorganization of Aadhar Number under KYC norms.
KMBL has more than 58 thousand No Frills accounts opened under its Financial Inclusion Initiative.
- The Bank has started its ICT based Financial Inclusion Initiative at Mehsana District of Gujarat there by offering E-Passbook and Smart Cards along with No-Frills Accounts. More than 32 thousand Smart Cards have been issued and 32 Customer Service Points (CSP) are fully operational offering basic banking services under the ICT based Financial Inclusion Initiative.
- Kotak Mahindra Bank has covered 30 villages by opening rural bank branches and 245 villages by engaging Business Correspondent.
The above list was last updated on 30th September 2011
- A. (No-Frills) Easy Savings Account offered through Bank Branches
The Kotak Easy Savings Account is a ‘No-Frills' Savings bank account with all basic banking facilities with very low Average Quarterly Balance requirements (AQB) and hassle free documentation.
Key Features & Benefits Mode of operation Single/Joint Initial deposit amount Rs. 100/- Average quarterly balance (AQB) Rs. 100/- AQB Non Maintenance Charges (NMC) Rs. 25/- per quarter Rate of interest 6% p.a on balance above Rs. 1 lac and 5.5% p.a on balance upto Rs. 1 lac Cheque facility Available (First cheque book free thereafter Standard Charges apply) ATM-cum-debit card Issuance charges waived however available subject to annual charges Replacement of damaged card Free ATM Banking Available Internet Banking facility Free Bank Statement Free monthly e-mail statements & Free quarterly physical statements Pass book Free in lieu of physical statement Account closure charges (If Closed after 1 month and before 6 months of account opening) Rs. 100/- Charges for availing services other than those covered here As per the “General Schedule of Features and Charges for Savings Accounts”, which is displayed at branch premises/notice board. It is also available on our website www.kotak.com Nomination facility Available Product Available at All our branches Eligibility criteria and operating instructions - This account is offered to those individuals who are deprived of basic banking services, belong to lower income group and towards promoting Financial Inclusion initiative.
- The total balance in the account should not exceed Rs. 50,000/- at any given point of time.
- The sum total of credits in the account shall not exceed Rs. 1 lakh in a year.
Charges are exclusive of the Service Tax and education cess, which is currently 10.3%. The same is subject to change.
Just walk in to any of our bank branch and meet our Customer Service Executive/Service Manager/Branch Manager for more details. - B. (No-Frills) Easy Savings Account offered through Business Correspondents
The Kotak Easy Savings Account is a ‘No-Frills’ Savings bank account with all basic banking facilities with very low Average Quarterly Balance requirements (AQB) and hassle free documentation.
Key Features & Benefits Mode of operation Single Initial deposit amount Rs. 100/- Average quarterly balance (AQB) Nil Rate of interest 6% p.a on balance above Rs. 1 lac and 5.5% p.a on balance upto Rs. 1 lac Account opening charges Nil Smart Card (E-Passbook) Issuance charge* Rs. 100/- Physical Statement Mini statement available through POT(Micro-ATM). Optional half yearly statement provided on request by BC. Cash deposit charges Nil Cash withdrawal charges* Rs. 3/- per transaction Nomination facility Available Re issue of Smart Card* Rs. 55/- Product Available at Business Correspondent-Customer Service Points at Mehsana District of Gujarat. Service Delivery At designated Customer Service Points (CSPs) through Business Correspondent using Micro ATMs. Eligibility criteria and operating instructions - This account is offered to those individuals who are deprived of basic banking services, belong to lower income group and towards promoting Financial Inclusion initiative.
- The total balance in the account should not exceed Rs. 50,000/- at any given point of time.
- The sum total of credits in the account shall not exceed Rs. 1 lakh in a year.
Note : * The above mentioned charges are exclusive of service tax and education cess. As part of our promotional offer, the earmarked charges and Initial Deposit have been waived.
Just walk in to your nearest Business Correspondent-Customer Service Points at Mehsana District of Gujarat for more details.
| Business Correspondent | Area of Operation | |||
| Name | Contact Details | District | Block | No. of Villages Covered |
| FINO Fintech Foundation | Tarun Bharat' Plot Nos. 38/39, Sector-30 Near Sanpada Railway Station, Sanpada (West), Navi Mumbai - 400705 Tel + 91- 22 - 4161 3466 |
Mehsana (Gujarat) | - Becharaji - Kadi - Mehsana - Unjha - Vijapur - Visnagar |
245 |
Business Correspondent - Customer Service Points
| Sr. No. | CSP Location | Name of BC-CSP Agent | Contact Details | Contact Number | Villages covered |
| 1 | Lakhavad | Rakesh K Patel | 31, At / Post : Lakhavad, Taluka-Mahsana, Mehsana | 9714858712 | Dediyasan, Lakhavad, Kadvasna, Kukas, Devarasan, Saldi |
| 2 | Jepur | Mahendrabhai S Patel | At/Post: Jepur,Taluka-Vijaur, Mehsana | 9978513419 | Pilvai, Jepur, Sanghpur, Gadhada, Hasanpur(Soja) |
| 3 | Vasai | Harsinh P Chavda | Opp.State Bank, At:Vasai, Taluka : Vijapur, Mehsana | 8000960353 | Vasai |
| 4 | Adivada | Baldevbhai Patel | 30 Mota Rabarivas Adhiwada-2, Adhiwala, Taluka : Bechraji, Mehsana | 9898639842 | Adivada, Finchdi, Akba, Khambhel, Dharpura-Khant, Chadasna, Sapuada |
| 5 | Unava | Manishkumar Patel | 60-K, Unava, Taluka: Unjha, Mehsana | 9427465417 | Varvada, Unava, Lindi, Amudha, Karanpur, Karali, Mervada, Hajipur, Vpera, Bhavanipura, Shinhi, Tundev, Sunok, Dobhi |
| 6 | Rangakui | Jayeshkumar Senghabhai Chaudhary | At/Post: Rangakui, Taluka : Visnagar, Mehsana | 9979299526 | Mahamadpura, Becharpura, Kansarakui, Randala, Rangakui, Komalpur (Karvada) |
| 7 | Kamana | Ramkrishna chatubhai Patel | 400-KH, Amtha Joitano Madh Kamana-2, Taluka: Visnagar, Mehsana | 9714120007 | Denap, Thumthal, Denap, Gunja, Umta, Kamana, Kiyadar, Lanchchadi, Bakarpur, Kuvasana, Ganeshpura, Valam |
| 8 | Gothava | Ajaykumar Shah | 814, Panchalvas Godhva, Taluka: Visnagar, Mehsana | 9909468007 | Kuda, Satusana, Gothava, Kansa(NA), Vadu, Jetalvasan, Chitrodipura, Kuvasana |
| 9 | Chadasana | Dhavalkumar Dave | Bajania Indiravas Chadasna, Taluka: Becharaji, Mehsana | 9558187017 | Adivada, Finchdi, Akba, Khambhel, Dharpura-Khant, Chadasna, Sapuada |
| 10 | Mitha | Sureshkumar Thakor | At : Mitha, Mehsana | 9574223907 | Linch, Hebuva, Mitha, Devinpura, Hardesan, Gamanpura, Palaj, Buttapaldi, Sidosan, Divanpura, Rampura, Fatepur |
| 11 | karansagar | Zala Rajubha | 72, Devisangano math, Karansagar,Taluka: Bechraji, Mehsana | 9904031513 | Suraj, Chadasna, Dedana, Karansagar, Dhanpura, Kanoda, Gambhu, Delvadakhant, Ganeshpura, Bhalgamda |
| 12 | Kanoda | Ganpatbhai Patel | 1-147, Undovas Kanoda-1, Kanoda,Taluka: Bechraji, Mehsana | 9979162224 | Kanoda, Ranasan, Sayajinanag, Bhimpur, Fatepur, Techava, Madi, Motipura(Ti) |
| 13 | Dagavadiya | Satish Chaudhary | 2/52 Chaudharivas Dagavadia-1, Dagavadia, Taluka: Vijapur, Mehsana | 9328444603 | Dagavadiya, Asoda, Biliya, Deriya, Falu, Fudeda, Gavada |
| 14 | Ganpatpura | Jitendrakumar Karshanbhai Patel | Ganpatpura,Taluka: Visnagar, Mehsana | 9978522206 | Chalasana, Aalundra, Suraj, Chalasana, Visalpura, Ganpatpura, Charol |
| 15 | Lakshmipura | Ishvarbhai Kanjibhai Prajapati | 68, Lakshmipura Kadi, Mehsana | 9978511576 | Vadavi, Babajipura, Laxmipura, Ghumasana, Vamaj, Chanduka, Lunasan, Navapura, Devarasan |
| 16 | Bakarpur | Rakesh B Patel | 238, Bakarpura, Taluka: Visnagar, Mehsana | 9726215109 | Denap, Thumthal, Denap, Gunja, Umta, Kamana, Kiyadar, Lanchchadi, Bakarpur, Kuvasana, Ganeshpura, Valam |
| 17 | karannagar | Rohitkumar Patel | A1-Karan Nagar,Taluka: Kadi, Mehsana | 9998943186 | kadi,akhod,rajpur,achrasan,vashaj |
| 18 | Rampura | Vikashkumar Chaudhari | 128, Rampura Kukas Rampoora (Kukas), Mehsana | 9979879289 | Linch,Hebuva,Mitha,Devinpura,Hardesan,Gamanpura,,Palaj,Buttapaldi,Sidosan,Divanpura,Rampura,Fatepur |
| 19 | Pamol | Hiteshkumar Chaudhai | Pamol,Taluka: Vijapur, Mehsana | 9879947511 | Malosan,Malav,Manekpur,Dabhala,Mandalikharod,Pamol,Kukarvada,Motipura(Ti),Changod,Sardarpur |
| 20 | Nugar | Chetankumar Patel | 190, Sardarpatel Vas Nugar-1, Mehsana | 9723182260 | Vadpura,jamnapura,Chaluva,Nugar,kamalpur,Detorajpura,Charadu |
| 21 | Asjol | Rohitkumar Shah | 4/16, Nayi Patel Desaivas Asjol Bhag-2,Taluka: Bechraji, Mehsana | 9725054762 | Asjol |
| 22 | Pilvai | Vikramsinh Vihol | 5/82, Pilvai Vijapur, Mehsana | 9824772371 | Pilvai,Jepur,Sanghpur,Gadhada,Hasanpur(Soja) |
| 23 | Chalasan | Satishkumar Patel | 101, Dabhiwas, Prajapatiwas Patelvas Jotana Chandrasan, Taluka: Kadi, Mehsana | 9925880419 | Chalasana,Aalundra,Suraj,Chalasana,Visalpura,Ganpatpura,Charol |
| 24 | Vamaj | Vijaykumar Kanubhai Patel | 5/205, Maljibha no vass, At: Vamaj,Taluka: Kadi, Mehsana | 9898782530 | Vadavi,Babajipura,Laxmipura,,Ghumasana,Ghumasana,Chanduka,Lunasan,Navapura,Devarasan |
| 25 | Pamol | Pankajkumar Shivabhai Chaudhari | 2-154, Kanapura Pamol, Pamol, Taluka : Vijapur, Mehsana | 9727277972 | Malosan,Malav,Manekpur Dabhala,Mandalikharod,Pamol,Kukarvada,Motipura(Ti),Changod,Sardarpur |
| 26 | Linch | Gadaji Thakor | 6-113, Linch, Mehsana | 9879137655 | Linch,Hebuva,Mitha,Devinpura,Hardesan,Gamanpura,Palaj,Buttapaldi,Sidosan,Divanpura,Rampura,Fatepur |
| 27 | Kaiyal | Dinesh Patel | Kaiyal,Taluka : Kadi, Mehsana | 9913607594 | Komalpur (Karvada),Dangarva,,Bavlu,Kaiyal,Manipur,Medha,Digdi,Untva,Hajipur,Dhoriya,Untva |
| 28 | Fatepura | Amrutbhai Manorbhai Chaudhari | 26, Deri valo Vaas, Fatepura, P.O. : Pilvai, Taluka : Vijapur, Mehsana | 9429318824 | Kanoda,Ranasan,Sayajinanag,,Bhimpur,Fatepur,Techava,Madi,Motipura(Ti) |
| 29 | Kukas | Kamrajbhai Chaudhary | At kukas Taluka/Dist: Mahesana | 9824190458 | Dediyasan,Lakhavad,Kadvasna,Kukas,Devarasan,Saldi |
| 30 | Langhnaj | Devendrakumar Patel | Navi Chhipavad, At-Po-Langhanaj, Taluka/Dist : Mahesana | 9638780202 | Ajabpura,Ijapura,Mokanj,Kaslpura,Hadvi,Langhnaj,Jagudan,Ajabpura |
| 31 | Kadvasan | Kamleshkumar Patel | At-Kadvasan, Po-Devrasan, Taluka/Dist: Mahesana | 9879498522 | Dediyasan,Lakhavad,Kadvasna,Kukas,Devarasan,Saldi |
| 32 | Fatepura | Hemubhai Gadhvi | At-Devrasan Taluka/Dist: Mahesana | 9712797908 | Dediyasan,Lakhavad,Kadvasna,Kukas,Devarasan,Saldi |
In case of any dispute/discrepancy related to accounts serviced through Business Correspondent, customers may register complaint either by approaching The Branch Manager of Mehsana Branch (Kotak Mahindra Bank Ltd., Rajendra Estate, Opp. Gayatri Temple, State Highway, Mehsana, Gujarat - 384 002, Tel : 02762-231184) or by writing to service.bank@kotak.com. Customers can also register the same by calling our Toll Free No - 1800-102-6022.
If your query is not resolved at the above mentioned level within 10 working days or if the response received is not satisfactory, you may approach the nodal officer by writing to nodalofficer@kotak.com.
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| The Indian Express | Edition: Ahmedabad | Date: February 15, 2011 | Page No. 17 |
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| The Economic Times | Edition: Ahmedabad | Date: February 15, 2011 | Page No. 3 |
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| Sandesh | Edition: Ahmedabad | Date: February 12, 2011 | Page No. 8 |
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