Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility. This initiative aims to bridge the gap between the need and availability of cash requirement in the eco-system.
Google Pay is secure and easy-to-use mobile payment service which can be used to make purchases and payments nearly everywhere.
You can open a Kotak UNI Student Bank Account digitally, from anywhere, thanks to the Video KYC feature. It involves getting on a video call with a Kotak bank executive to complete your KYC process, essentially ruling out a visit to a Kotak bank branch completely.
Through this facility you can earn a much higher interest on your idle funds in the Savings Bank Account.
The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.
The advantages of this facility are:
Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.
Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.
Kotak 811 is a new age bank account offered by Kotak Mahindra Bank.
A minimum credit score of 650 is required when applying for a credit card, however, 750 is considered to be the ideal CIBIL Score. For a credit score below 650, credit card issuing banks could reject your credit card application. Even at a credit score of 650 the issuing banks and financial institutions may not offer you their best credit card deals, but you will be eligible to apply for one.
India’s CBDC also known as Digital Rupee (e₹) is a digital form of physical currency denomination issued by the Reserve Bank of India.
No, a person can either have a Resident saving account or Non-Resident accounts (NRE /NRO)
Below are the major exclusions which are not covered under this policy and thus are ineligible for a claim:
1. Dishonest or Improper Conduct
2. Bodily Injury
3. Property Damage
4. Any activities carried out for business or professional purposes
5. Intellectual Property and Trade Secrets
6. Prior Acts
7. Any loss or damage caused by the order of any government authority.
8. War
9. Terrorism, including cyber terrorism.
10. Government Authority
11. Non-Fiat Currency
12. Outage/ Disturbance Loss
13. Illegal Use of Data
14. Unauthorised Collection of Data
15. Prior Notification
16. Insolvency
17. Immoral/Obscene Services
Kindly refer to Policy wording document for a detailed list of exclusions.
Debit Card EMI is the program offering EMI schemes to Kotak Bank customers who shop with their Debit Cards. Bank provides pre-approved limits to customers based on their relationship with the Bank and based on the Bank’s credit policies. Customers who enjoy pre-approved limit from the Bank can avail No Cost EMI and regular EMI by transacting with their Kotak bank Debit Card in selected stores.
Eligibility criteria:
The claim under Personal Accident Insurance shall be payable only if the card holder has carried out at least one transaction i.e. at a Merchant Establishment/ATM /ecommerce /Micro ATM/Business Correspondent of the bank at locations, within 90 days for RuPay Classic card prior to the date of accident including accident date. The Personal Accident Insurance (Death and Permanent Total Disability) would be an Open policy for any kind of accident leading to death or disability.
The Forex Card is a Chip based pre-paid card introduced in association with Visa. It is the first card to offer you the option of loading up to 13 currencies in a single card in a convenient and secure way.
This card gives you the freedom to shop anywhere in the world and provides access to the currency of your destination at competitive market rates.
It can be used at all VISA ATMs and merchant establishments accepting VISA Cards worldwide except for a few countries which are listed in FAQ (2)
You can choose to pay your Credit Card dues using the following options: WebPay, Mobile Banking, Net Banking, Auto Debit,/NACH, Cheque or Cash Payment at Kotak Bank Branches.
You can check your International enabled status as below:
If your card is not ON, you can enable it by switching it ‘On’
Alternatively, you can also enable your International payments by visiting Kotak Net Banking page. Simply follow the steps mentioned in the “How to enable” section.
Kona Kona Cricket is a platform that allows anyone to support their favourite team, participate in cricket trivia quizzes to earn reward points. Anyone who has a MyTeam card will also be able to earn points for the transactions that they do on their MyTeam cards.
The personal loan eligibility calculator is an online tool that helps you estimate the maximum loan amount you can receive based on your eligibility parameters.
There are no limits on the number of accounts that can be opened or linked to a Current Account.
Bill payments available on Kotak BillPay are for the following categories:
This product is available to pre-approved customers.
PayDay loan can be instantly availed by logging onto Kotak Mobile Banking application or Net banking.
Registration is simple!
Note: The Kotak Developer Connect Portal does not permit registration of duplicate organization names. As a result, after the first developer from an organization has registered an account with the portal, subsequent developers from that same organization require an invitation to be registered.
Registering as a new Developer (also becomes the organisation admin).
Your LAP eligibility depends on your current and future prospects, both financially as well as physically. Lenders tend to issue loans to those who are most likely to repay them successfully.
How do they assess this?
Your credit score, previous debts, income proof, and work record: all of these are helpful documents deemed necessary during the loan assessment.
Virtual credit cards are generally a free of cost service that the banks offer their customers.
FASTag is a device that uses Radio Frequency Identification (RFID) technology for making toll payments directly from a prepaid account linked to it. It is affixed on the windscreen of a vehicle. It enables user to drive through toll plazas without stopping for cash transactions. FASTag has a validity of 5 years and needs to be Recharged / Top-up as per transaction requirement.
kotak.biz is a one-stop payment acceptance solution designed specifically for business owners.
It is available for Android applications through which you can accept digital payments in your store, at the customer’s place and online.
Kotak Rewards is a Rewards programme wherein you get rewards based on the Spends done in a calendar month. You can then redeem these rewards across various categories by visiting Kotak Rewards portal www.kotakrewards.com. Kotak Rewards is currently only for savings accounts customers opened with Promo codes Silk/Alpha/Grand.
Yes. Kotak offers a 3-in-1 account called 'Trinity''. It includes : Kotak Bank Savings Account + Kotak Securities Demat Account + Kotak Securities Trading Account
The key documents required for availing a personal loan from Kotak Mahindra Bank are as follows -
Home loan EMI is a systematic and easy approach towards home loan repayment. EMI stands for equated monthly installment, which includes principal amount, and the interest payable divided through the tenure chosen. Home loan borrower has to make the repayment of the loan each month in the form of home loan EMI.
JioPay is a mobile based payment application available only on Jio Phones that you can use for payments at any contactless merchant terminal. Customer can enroll Kotak VISA Credit/Debit Cards on Jio Phone to make transactions.
Subscription/Recurring Payment is a payment method under RBI’s e-mandate guideline, where you register your Kotak Bank Credit/Debit card on a merchant’s app/website. Once registered, your payments get automatically debited at pre-defined intervals.
Kotak Mahindra Bank provides one of the lowest mortgage interest rates. The interest rate mainly depends on the nature of employment. For salaried individuals/ self-employed borrowers, the loan against property interest rate starts from 9.25%.
Using Kotak Mahindra Bank’s Personal Loan EMI Calculator, you can calculate the monthly EMIs with ease. Enter the following details to know your EMI:
Interest Rate
If you are an existing Kotak Mahindra Bank customer, you need to have a Savings or Salary account with us to apply for this card.
Our home loan tax benefit calculator is one of the most suited tools for the job. By providing us with the basic information of your home loan application, it can calculate your tax implications accurately.
Under the Liberalised Remittance Scheme (LRS), all resident individuals (as defined under FEMA 1999), including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.
Under the Liberalised Remittance Scheme (LRS), all resident individuals (as defined under FEMA 1999), including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.
It is mandatory for the resident individual to provide his/her Permanent Account Number (PAN) for all transactions under LRS.
JioPay is a mobile based payment application available only on Jio Phones that you can use for payments at any contactless merchant terminal. Customer can enroll Kotak VISA Credit Cards on Jio Phone to make transactions.
Samsung Pay is secure and easy-to-use mobile payment service which can be used to make purchases nearly everywhere.
You can use Kotak Mahindra Bank’s personal loan EMI calculator to calculate your applicable EMI. Just add the necessary details like loan amount, tenure and interest rate, and your EMI will be automatically displayed.
Kotak 811 is a new age bank account offered by Kotak Mahindra Bank.
Yes, your EMI amount will increase when you avail of a top-up loan. The top-up loan is added to your previous loan, resulting in a new loan amount. You can pre-check your EMI amount using the personal loan EMI calculator.
Click on the SEBI link to check the list of handles, apps & banks enabled for UPI transactions for IPO.
A credit card is a transactional card that enables the holder to make purchases of goods and services or withdraw advance cash on credit.
A credit card is a transactional card that enables the holder to make purchases of goods and services or withdraw advance cash on credit. It is issued by banks and financial institutions to bring convenience of payment. Credit cards act as a micro loan tool where the individual makes purchases under the condition of paying off the same within a specific time period. There are no interest payouts if the due amount is paid within a specific time (interest-free period). A custom borrowing limit is pre-set by the issuer and this determines the maximum amount of credit a user can spend from a credit card. Credit card brings users the opportunity to save big through discounts and deals, making it a popular choice.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum.
In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.
Yes, you should pay your credit card bill in full. If you make a part payment, you will incur interest charges on the outstanding amount.
For borrowing a home loan from Kotak Mahindra Bank the home loan documents list is:
When applying for a person loan for women from Kotak, these minimum monthly income requirements need to be kept in mind:
- Existing Kotak Bank Customers holding Corporate Salary Account: Rs. 25,000
- Existing Kotak Bank Customers without Corporate Salary Account: Rs. 30,000
- Kotak Mahindra Bank’s employee: Rs. 20,000
Anyone who is looking to transfer their home loan from their current vendor to another lender can use Home Loan Balance Transfer EMI Calculator to get a purview of what their EMIs and savings would look like after opting for home loan balance transfer. You can check your eligibility here.
Additionally, an expert from Kotak Mahindra Bank can also assist you in financial planning.
The economic fallout on account of the Covid-19 pandemic has led to significant financial stress for individuals and business entities across the country.
Kotak Mahindra Bank offers the lowest possible interest rate of 8.3% per annum for a home loan in Bangalore.
Kotak Mahindra Bank provides Personal Loans to our eligible applicants at a minimum interest rate of 10.99% per annum.
Kotak Credit Cards symbolize the following guiding principles:
Simplicity
Kotak Credit Cards are simple to understand and use. We have taken special care to make them hassle free so that you can spend time on more important things in life that require your attention.
Transparency
Kotak Credit Cards are transparent in communicating upfront what the Card offers and what you would have to spend for it, if at all. We have taken care that there will be no hidden charges associated with this Card.
Relevance
Kotak Credit Cards have understood what you need the most from your credit Card, and have been designed to give you only those benefits that are most relevant for you.
This promise from Kotak ensures that you only get the best from your credit Card!
In line with RBI regulations, maximum foreign currency cash of USD 3000 per financial year can be availed under this facility for travel.
With the help of Kotak Mahindra Bank’s Loan Against Property EMI Calculator, you would be able to get a rough estimate of the amount you would be paying every month in return for your loan.
Documents required for personal loan:
- Identity: PAN/Passport/Aadhaar/Voter’s ID Card/Driving License
- Residence: Passport/Utility Bills/Leave and License Agreement
- Income: Last 3 months’ Bank Statements/Salary Slips
To use the personal loan EMI calculator, you would have to provide three important details: the loan amount, the repayment tenure, and the interest rate.
Individuals with an ongoing personal or home loan can opt for the loan balance transfer facility. Applicants need to fulfill the required eligibility criteria such as minimum education, income etc. to avail the same.
An unsecured loan can be availed for your planned and unplanned financial needs such as medical emergencies, to fund a wedding, vacation, higher education, buying a vehicle and home renovation.
Whenever you opt for a Credit Card EMI, the bank scrutinizes various factors to ascertain your eligibility and to decide on the amount of EMI and the interest rate.
Kotak Mahindra Bank charges a processing fee of up to 3% of the loan amount for its personal loans. An additional GST is also payable on the processing fee.
Grand Savings Account is available in different variants. The charges differ as per the type of account. To know more about Fees and Charges for Grand Account, check the Fees and Charges page.
Grand Savings Account is available in different variants. The charges differ as per the type of account. To know more about Fees and Charges for Grand Account, check the Fees and Charges page.
Grand Savings Account is available in different variants. The charges differ as per the type of account. To know more about Fees and Charges for Grand Account, check the Fees and Charges page.
Manual computation of the EMI can often prove confusing and complicated. That is why Kotak Mahindra Bank has introduced a loan against property EMI calculator; a computing tool to make your life easier. It computes the exact EMI you have to pay by taking in factors such as loan tenure, the market valuation of property, and interest rate.
Loan Against Property is primarily taken for the purpose of Business Expansion,
Your RFC Fixed Deposit can be maintained in permitted currencies such as USD, GBP, JPY, SGD, AUD and EURO.
For this, you can visit the nearest store where Kotak Smart EMI has a tie up. Click here to find the store near you.
Hospitals, Laboratories, Diagnostic Centre's, Nursing Homes, Clinic's or Self-employed Doctor's can avail a Healthcare Equipment Loan.
A credit score of 700 or 750 and above is needed for a personal loan.
Google Pay is secure and easy-to-use mobile payment service which can be used to make purchases and payments nearly everywhere.
The Home Loan Balance Transfer Process comes packed with several benefits. It helps you transfer your outstanding loan amount from your current lender to a new lender with lower interest rates and better terms. It also offers a transfer of your home loan to another bank to avail a top-up loan on your existing loan.
You can access this feature under Quick Access section of Kotak Mobile Banking App or through Kotak Mobile Banking App -> Payments Section (present in bottom menu) -> Send Money
This feature is available only for Kotak Mobile Banking App users.
Just like a UPI ID, UPI number is an 8 or 9 or 10 Digit number that can be created by you so that anyone with ANY payment app can pay you by just entering this number. There will be no need to enter the handle (eg: number@abcd) of the payment app or banking app you have connected this UPI number with. This will increase your privacy on which payment or banking app you use. It will also make it convenient for the payer as they do not need to remember anything other than the number
When you create a UPI number on Kotak app the Kotak account becomes your default account to receive all payments, making it convenient for you to directly receive payments to your bank account and keep track of all your finances.
*Recommended: Create a 10 Digit UPI number - which has to be the same as your mobile number. This way, your payers need not trouble you for your payment details and can directly use your mobile number to pay from any app.
The processing fee is a one-time non-refundable fee charged for the services provided to process the loan. It is payable at the time of application, and most banks in India charge 1-2% of the total loan amount as processing fees.
While sanctioning loan to a person, the bank or lending institution does a background check to determine whether the applicant is capable of repaying a loan or not. If capable, then how much loan should be disbursed. This process of the determination of creditworthiness of an applicant is known as home loan eligibility.
Please submit a duly filled Board Resolution for eTax and eTax Letter to your nearest branch to get the GST tab activated.
You can easily get a LAP if you show finances that are well-equipped to repay the loan. So, if you do not have income proof, you would need to explain how you plan to repay the loan.
You can present bank statements if you have surplus funds or instruments like insurance papers, investments, etc., which provide some assurance to the bank. Moreover, the lender may ask you to discuss the lack of income sources and whether you plan on remedying that.
Chances of securing a low interest rate become dim without proper income proof. An income proof assures the lender that you are in a position to repay. However, it is possible to get a loan without but at a higher interest rate.
Following are the rates applicable for Kotak Mahindra Bank Savings Account ( w.e.f. April 20, 2020):
Interest Subvention scheme is offered by GOI to Micro, Small & Medium enterprise (MSME’s) 2018
If you intend to balance transfer from credit card to bank account directly,
There is no certain way to decide what is the best first credit card,
Yes.
The average credit card limit is decided based on multiple factors.
Kotak Mahindra Bank offers a range of credit cards ranging from premium cards to lifestyle cards.
