Frequently Asked Questions

Will I be charged by the Bank?

Kotak Mahindra Bank does not charge any fees for this service. However, charges, as applicable, may be levied by telecom operators.

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What is the amount I can transfer using USSD?

Transfer limits:

 

  • INR 5,000 per transaction
  • INR 5,000 per day

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Do I need to set the UPI PIN to transfer funds?

Yes. It is mandatory to set the UPI PIN for fund transfer. You can do so dialing *99# and typing 7 to Set/Change UPI PIN.

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Do I need to register with the bank in order to avail this service?

Yes. You need to register by dialing *99# and selecting the bank of your choice. You can later change the selected bank by visiting the My Profile section.

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Do I need to have an account to use this service?

Yes, you need to have a Bank account to use this service.

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