Healthcare Finance Solutions FAQs
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
Apply Now

Frequently Asked Questions

icon
No results found

What is Micro ATM?

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.

This initiative aims to bridge the gap between the need and availability of cash requirement in the eco-system.

What is Google Pay?

Google Pay is secure and easy-to-use mobile payment service which can be used to make purchases and payments nearly everywhere.

How to open the Kotak UNI Student Bank Account?

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.

Can a senior citizen open a savings account?

Yes, a senior citizen can open Grand - Savings Account which is only applicable for Indian residents of age 55 years and above.

What is the ActivMoney facility?

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:

  • Higher rate of interest earned.
  • You need NOT track idle funds regularly & give instructions to the bank to create Term Deposits out of Savings Account balances.
  • Greater Flexibility & Liquidity as the funds flow back into the Savings Account if the balance in the Savings Account falls below a particular level.

Should I consider inflation when using a retirement calculator?

Yes, you need to consider inflation when you use a retirement calculator because it gives you a realistic estimate of the retirement corpus required. Inflation reduces the purchasing power of money over time, and including it in your nest egg calculation is crucial. You can use a retirement calculator with inflation-specific input requirements to obtain clear and accurate estimates.

Can I get any benefit if I am an existing Kotak Bank current account or savings account customer?

Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.

Can I get any benefit if I am an existing Kotak Bank current account or savings account customer?

Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.

What is Kotak 811?

Kotak 811 is a new age bank account offered by Kotak Mahindra Bank.

You can open a Kotak 811 account by downloading the Kotak Mobile Banking App or by visiting www.kotak.com and registering using your Aadhaar number (optional) ,PAN and other basic details. You can set up a mobile banking PIN and start using your account immediately.

Was this information helpful to you? Yes No

Can the shopkeeper charge an extra 2% for card payments?

A. Credit card companies and banks charge higher fees to recover the cost of lending money to customers. But, they urge merchants not to pass credit card swipe charges to customers and instead bear it themselves. In some places, merchants can charge customers an extra fee for using credit or debit cards to cover the processing costs.

What CIBIL Score is needed to get a credit card?

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. 

Kotak Mahindra Bank offers credit cards to applicants who have a credit card CIBIL score of 750 or above. So, when applying for a credit card from Kotak Mahindra Bank ensure that your credit score is at least 750. Higher the credit score, better the chances of getting a premium credit card. 

What is Digital Rupee (e₹)?

India’s CBDC also known as Digital Rupee (e₹) is a digital form of physical currency denomination issued by the Reserve Bank of India. 

It is an electronic version of cash primarily meant for retail transactions. It would be potentially available for use by all private sector, non-financial consumers, and businesses.

Can I have both Non Resident and Resident Savings Account?

No, a person can either have a Resident saving account or Non-Resident accounts (NRE /NRO)
 

Was this information helpful to you? Yes No

What is not covered under this policy?

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.

What is Kotak Debit Card EMI?

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.

What is the eligibility criterion to avail Personal Accident Insurance cover on my RuPay India Debit Card?

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.

What is Forex Card?

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)
 

Was this information helpful to you? Yes No

How do I make payment towards my Credit Card bill?

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.

Refer the modes of payment section for more information on Credit Card Payments.

How do I check whether my Kotak Debit Card is enabled for International payments?

You can check your International enabled status as below:

  • Login to Kotak Mobile Banking App
  • In ‘Service Requests’ select ‘Debit Card’
  • Choose ‘Card Control’
  • Scroll and select your Debit Card Number
  • Choose International/Domestic Controls
  • International Usage should be On

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.

 

What is Kona Kona Cricket?

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.

What is a personal loan eligibility calculator?

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.

How many Easy Pay accounts can be opened with a Current Account?

There are no limits on the number of accounts that can be opened or linked to a Current Account.

Was this information helpful to you? Yes No

What are the different categories of bill payments available?

Bill payments available on Kotak BillPay are for the following categories:

  • Electricity bill
  • Gas bill
  • Mobile post-paid bill
  • Water bill
  • Mobile Prepaid & DTH recharge
  • Insurance premium
  • Credit card bill
  • Landline & Internet bill

How do I avail a Payday Loan?

Kotak Payday Loans are available to pre-approved existing Kotak customers. You can apply for a PayDay loan immediately by logging into the Kotak Mobile Banking app or Net Banking.

Kotak PayDay Loan is available exclusively online for new Kotak customers. You can check your eligibility here.

How do I register on the developer platform?

Registration is simple!

  • Click on Register and complete the Personal Information form.
  • Accept the Term and Conditions and then click Next Step.
  • Fill out the Additional Information form and then click “Register Now” button.
  • Your request will be shortly approved by the admin


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).

How is loan against property eligibility criteria decided?

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.

What are the fees and charges for Kotak virtual credit card?

Virtual credit cards are generally a free of cost service that the banks offer their customers.

Kotak Mahindra provides you with a free virtual credit card called the netc@rd, loaded with benefits. You are required to pay no fees or charges when creating or for using this virtual credit card.

How to pay rent through credit card?

A. The easiest way to pay rent is using credit cards. In this nothing is debited from your bank account. Instead the money is paid via the available line of credit. Rent payment through credit card is easy and just a few clicks away when it is linked to your UPI enabled app. Now you know how to pay rent through credit card.

What is FASTag?

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.

Once, the tag is scanned, a prepaid account linked to the tag is automatically debited for the corresponding amount. The linked account can be topped up/recharged as required.
 

Was this information helpful to you? Yes No

What is a sweep in/sweep out threshold limit with respect to ActivMoney?

Sweep out threshold limit is an upper limit defined in the account above which balance is transferred to auto Fixed deposit which is linked to current/savings account

 

Sweep In threshold limit is the limit set in account below which funds from the linked auto fixed deposit will move to current/savings account.

What is kotak.biz?

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.

 

What is a fuel credit card?

A fuel credit card is a credit card that is specifically designed to benefit customers when used at Fuel Pumps. These credit cards typically offer rewards and incentives for fuel purchases, such as Reward Points, Cashback, etc.

With a fuel credit card, you can use it to purchase petrol, diesel, etc. or other fuels at participating fuel stations. You can also use it for other spends like dining, groceries etc. depending on the features of the card.

What is Kotak Rewards Programme on Silk/Alpha/Grand accounts?

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.

How do I apply for a Nova Savings Account?

You can apply for Nova savings account online as well as by visiting our nearest branch. Nova/Classic Savings Account is available in Semi-urban/rural branches only. Click on the following link to apply online : https://kapps.kotak.com/kotakXpress/xpress/xpress-home.action?pid=NOV

What is the interest rate for Pro Savings accounts?

For Pro Savings Account if daily balances in Savings Account is above Rs. 50 lakhs, it will earn 4% interest p.a. Where if the daily balances in Savings Account is up to Rs. 50 lakhs, it will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.

Is Aadhaar card enough for opening bank account?

documents required for savings account

Is there a limit to the number of withdrawals I can make from my Edge Savings Account?

The Edge savings account allows you to enjoy unlimited withdrawls in our ATMs. However there are upto 5 free transactions per month in other bank's ATMs.

What is everyday savings account?

Everyday savings account is a one of a kind savings account where you can save while you spend with every day deals on popular brands. Just do 30 transactions in a month and enjoy freedom from monthly balance maintenance

What is classic savings account?

The Kotak Mahindra Classics Savings Account gives you the benefit of great features, that too at a comfortable balance requirement, so you can enjoy a banking experience that is truly exceptional. Classic Savings Account is available in Semi-urban/rural branches only.

What is an Ace saving account?

The Ace Savings Account is exclusively designed to give you additional advantages and banking benefits, all without any extra premium. This means, you can get the most out of your banking experience with this one, power-packed savings account.

What is Savings Account?

A Savings account is a bank deposit account that offers interest on the balance kept in the account.

It allows you to secure or withdraw money when the need arises. Banks now a days are offering different types of accounts to cater to the needs of various customer segments with specific benefits and offers. From senior citizens to kids, there is a proposition for everyone.

How to open an Individual Current Account Online?

For opening an Individual Current Account online, you should have your Aadhaar card and original PAN card handy. Also, the Aadhaar-linked mobile number must be with you. After submitting the Personal details, the Customer Relationship Number and the Account Number of the individual will be generated. If you need any assistance during the journey, you can tap the 'chat with us' icon and a representative will be assigned to guide you.

What are the key documents required for Kotak Bank's Personal Loan?

The key documents required for availing a personal loan from Kotak Mahindra Bank are as follows -

  • Identity proof like PAN Card, voter’s ID card, passport, Aadhaar card, etc.
  • Age proof like voter’s ID card, passport, Aadhaar card, birth certificate, etc.
  • Address proof like utility bills, rent agreement, passport, etc.
  • Bank statement and salary slips of the last 3 months
  • 2-3 Passport size photographs

What is the Home Loan Interest rate?

A Home Loan interest rate is the amount of money (calculated as a percentage) borrowers pay back on top of the principal amount they take through a loan.  These rates, also called housing loan interest rates, are charged by financial institutions and determine the actual cost of a home loan. Interest rates on home loans are usually linked to repo rate and can vary from one institution to another.

What is Home Loan EMI?

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.

What is JioPay?

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.

What is “Subscription/ Recurring Payment”?

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. 

What is the current interest rate for mortgages?

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%.

How to calculate monthly EMI's for an Aadhar Loan?

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:

  • Loan Amount
  • Loan Tenure

Interest Rate

How can I apply for this card?

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.  Following customers can apply for the card;

- Resident Individual

-  Holding a full KYC Savings / Corporate Salary account will be eligible to apply.

- 811 wallet, Small & Basic savings, 811 OTP, Xpress OTP account holders are not eligible

You can apply by clicking “APPLY NOW” in the banner above. 

What is a Home Loan Tax Benefit Calculator?

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. 

What is Liberalised Remittance Scheme (LRS)?

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.

What is JioPay?

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.

Is GST applicable on under-construction flats?

In India, purchasers of under-construction properties, such as flats, apartments, and bungalows, must pay a GST on flat purchase.

The rate of GST varies based on the affordability of the property, with 1% being charged for affordable housing and 5% for non-affordable accommodation.

Can you get a refund of the stamp duty paid in Karnataka?

Yes, you can get a refund on cancelling the e-stamp certificate in Karnataka.

Is it possible to claim tax benefits for stamp duty and registration charges in Karnataka?            

Yes, you can claim tax benefits on the stamp duty and registration charges under Section 80C of the Income Tax Act.

Can you claim a tax deduction on stamp duty?

Yes, you can claim a tax deduction of stamp duty and registration fee under section 80C of the Income Tax Act up to Rs 1.5 lakh.

Is form 16 mandatory for a home loan?

When applying for an ITR loan, form 16 for home loan is issued by a reputable employer like a listed company, government department, or established organisation, assures lenders of an applicant's genuine income and income stream's continuity.

This form also contains vital details on a house loan in ITR filing, which lenders use to assess a borrower's creditworthiness.

How much pf can be withdrawn for a home loan?

The PF withdrawal for plot purchase is subjected to specific limitations under the EPF Scheme.

An employee can withdraw either 24 months of basic salary plus DA or the actual cost of the plot, whichever is lower, for the purchase of land. On the other hand, for buying or constructing a concrete structure, the withdrawal limit is either 36 months of basic salary plus DA or the actual property price or the construction cost, whichever is lower.

What was the purpose of the West Bengal Land Reforms Program?

To ensure fair distribution of land, eliminate landlessness, encourage rural development, and improve the standard of living of the people of West Bengal.

Both men and women must pay the same amount as per the gujarat stamp duty act.

What is a margin money receipt?

So, what is margin money in loan? When you provide the margin money in loan, the lender will give you a receipt for the contributed amount.

This receipt for a margin loan is known as the margin money receipt, which serves as proof of your contribution towards the home loan's down payment that the customer will provide for margin money. Now that you know what is margin in loan is, you should explore loan margin meaning to understand it better.

How to calculate GST on home purchases?

For residential properties that do not fall under the affordable housing category, the  GST on loan interest India for purchasing a flat will be 5%, and input tax credit (ITC) will not be applicable. If flat owners pay a minimum of Rs. 7,500 towards maintenance fees, they must pay 18% GST.

What is Samsung Pay?

Samsung Pay is secure and easy-to-use mobile payment service which can be used to make purchases nearly everywhere.

 

How can I calculate EMIs for my students personal loan?

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.

How can I apply for a 811 passbook?

Your Kotak811 digital savings account does not require you to carry a passbook. You can check all your transactions online on the Kotak Mobile Banking App.

If you wish to have a statement of your transactions for documentation purposes, you can place a request on the Kotak Mobile Banking App and receive your statement on your registered email ID.

If you still prefer a Passbook, you can apply for it online and get it be delivered to your preferred communication address as per Bank records in 7-10 working days. Please note, only Full KYC account holders can request for a passbook. This process is applicable only for customers applying for a passbook for the first time. For second passbook onwards, please visit your nearest bank branch.

To apply for a passbook, Click Here

Was this information helpful to you? Yes No

What is Kotak 811?

Kotak 811 is a new age bank account offered by Kotak Mahindra Bank.

You can open a Kotak 811 account by downloading the Kotak Mobile Banking App or by visiting www.kotak.com and registering using your Aadhaar number (optional) ,PAN and other basic details. You can set up a mobile banking PIN and start using your account immediately.

Was this information helpful to you? Yes No

What is Spendz?

Kotak Spendz is a prepaid offering for your small, daily expenses. It is specially designed to help track your day to day expenses separately, making it easier to manage budget and avoid overspending.

The best part? You enjoy FLAT 1% cashback on making offline (POS swipes) and online (E-com apps / websites) spends with the Spendz Card. 

What is a Current Account?

A Current Account is a special type of an account that facilitates a higher number of transactions for businesses to run their daily operations seamlessly.

How can I open Neo Current Account?

Opening a Neo Current Account, a low minimum balance Current Account is a simple and straightforward process.

Through our user-friendly DIY journey, you can initiate Kotak Bank's Neo Current Account opening online. If you prefer personal assistance, our dedicated staff will always guide you. Simply click on 'Apply Now' and embark on your journey with a Neo Current Account.

What is Startup premium Current Account?

The Startup Premium Current Account is a specialised business banking solution for Startups.

This Startup Current Account is designed to offer premium services that are required for efficient business operations.

Will my EMI change if I opt for a top-up loan in addition to my personal loan?

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.

Is my UPI handle enabled for IPO payments?

Click on the SEBI link  to check the list of handles, apps & banks enabled for UPI transactions for IPO.

What is a Credit Card?

A credit card is a transactional card that enables the holder to make purchases of goods and services or withdraw advance cash on credit.

Banks and financial institutions issue it to bring the convenience of payment. Credit cards act as a microloan 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). The issuer pre-sets a custom borrowing limit, determining the maximum amount of credit a user can spend from a credit card. Credit cards allow users to save big through discounts and deals, making them popular.

cc

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.

What is Indigo Credit Card?

Indigo Credit Card is a Co-Brand Credit card in partnership with the IndiGo Airlines. Be it a business meeting or a family vacation, The Kotak IndiGo Ka-ching 6E Rewards Credit Card has you covered. Make all your spends rewarding!

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Ahmedabad?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Coimbatore?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Nagpur?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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. 

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Hyderabad?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Pune?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Surat?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Mumbai?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. 

In some cases, however, it can be charged at 10.99% 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. 

 

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Bangalore?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Delhi?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Kolkata?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Indore?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Chennai?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Jaipur?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Kerala?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% 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.

Should I pay my credit card in full?

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. 

Moreover, you would not be able to avail of an interest-free credit period in the next billing cycle.

क्रेडिट कार्ड के लाभ क्या हैं?

क्रेडिट कार्ड से खरीददारी की सुविधा, वित्तीय लेन-देन की सुविधा, बिना ब्याज की ईएमआई , खास छूट और बेहतरीन ऑफर्स देता है साथ ही आपकी क्रेडिट स्कोर को बढ़ाने का भी मौका देता है

What are the primary documents required for a home loan in India?

For borrowing a home loan from Kotak Mahindra Bank the home loan documents list is:

  • Proof of identity: PAN Card/Aadhaar Card/Driving License/Passport/Voter ID
  • Proof of address: Driving License/Aadhaar Card/ Voter ID/Passport
  • Proof of income
  • Proof of age: Voter ID/Passport/Aadhaar Card/Pan Card/Driving License
  • Educational qualification proof
  • Signature proof: PAN Card/Passport
  • Relationship proof

What is the minimum income requirement for women to apply for a personal loan with Kotak Bank?

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

What is Sankalp Savings Account?

With the Sankalp Savings Account, you can be in charge of your money. Avail low maintenance fees and many more benefits. It is an account designed to meet the financial needs of Emerging India.

Was this information helpful to you? Yes No

What does an EMI Mean?

An EMI (equated monthly installment) is a monthly payment paid by the borrower to the creditor. It can be calculated using a housing loan EMI calculator.

Inputting the required values will help you find out the accurate amount of EMI. It is recommended to calculate your EMI using a housing loan EMI calculator before you apply for a loan.

Who should use a home loan balance transfer EMI Calculator?

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.

What is the Restructuring Scheme?

The economic fallout on account of the Covid-19 pandemic has led to significant financial stress for individuals and business entities across the country. 

RBI, therefore, provided a framework to banks & lending institutions for implementation of resolution plans for addressing the financial stress of such customers, who otherwise have a good track record, but due to Covid-19 pandemic, whose  debt burden has become disproportionate  to their cash flow generation abilities. Basis regulatory guidelines and request from  the customer, the bank has decided to restructure loan/s of eligible individuals and business entities that have been impacted due to the pandemic subject to meeting internal norms/ credit assessment and regulatory prescriptions.

What is the lowest possible interest rate for Home Loan in Bangalore?

Kotak Mahindra Bank offers the lowest possible interest rate of 8.3% per annum for a home loan in Bangalore.

You can use a Home Loan Calculator provided on Kotak Mahindra Bank’s official website to find out what will be the total amount to be repaid by you against the amount borrowed. 

What is the interest rate for 10 lakh personal loan EMI for 5 years?

Kotak Mahindra Bank provides Personal Loans to our eligible applicants at a minimum interest rate of 10.99% per annum.

Why should I select a Kotak Credit Card?

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!

What is ActivMoney Current Account and how does it differ from a regular current account?

The standout feature of ActivMoney Current Account is the auto-sweep facility. When your balance exceeds a certain threshold, this facility automatically transfers the excess funds into a fixed deposit, enabling you to earn interest up to 7%* p.a. and optimise liquidity management, going beyond the offerings of a regular Current Account.

*For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in the Current Account, the TD will be broken prematurely and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. AutoSweep out of funds above a pre-specified threshold from Current Account to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 5,000/- The nomination registered for Current Account will apply for FDs created through ActivMoney. If the customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to Fixed Deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to the customer. The rate mentioned is applicable for Fixed Deposits less than Rs. 2 Crores for a tenure of 180 days and is subject to change without prior notice. For ActivMoney (2 way sweep deposits), Regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit, for all customers including Senior Citizens/Bank Staff without any pre-payment penalty.*For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance in the Current Account, the TD will be broken prematurely and the required amount will be transferred to the Current Account. Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. AutoSweep out of funds above a pre-specified threshold from Current Account to Fixed Deposit will be for 180 days (For NRE accounts it will be for 1 year) and in multiples of Rs. 5,000/- The nomination registered for Current Account will apply for FDs created through ActivMoney. If the customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to Fixed Deposits booked under ActivMoney. Bank may at its absolute discretion discontinue/suspend any of the services completely or partially with or without any notice to the customer. The rate mentioned is applicable for Fixed Deposits less than Rs. 2 Crores for a tenure of 180 days and is subject to change without prior notice. For ActivMoney (2 way sweep deposits), Regular Kotak Fixed Deposit rates will be applicable, basis the tenor of the deposit, for all customers including Senior Citizens/Bank Staff without any pre-payment penalty.