The following transaction charges are applicable when you use the Kotak Debit Card at:
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:
All Chip Kotak Debit Cards are by default enabled for international use.
*If a customer is using Magnetic Strip (Non Chip) Kotak Debit Card for international transactions, then as a process, the customer is issued a chip kotak debit card in lieu of the magnetic strip kotak debit card (as per eligibility).
Unfortunately, the Kotak 811 account is intended for a single user only, and cannot be held jointly.
We have taken an example to illustrate how the Sweep-In facility works:
Mr. A has availed Sweep-In facility on his existing Fixed Deposit of Rs. 10,000/-.
Assuming on a particular day, the balance in his Savings Account is Rs. 1000/-, and he issues a cheque for Rs. 4000/- in his account and it has now come to the bank for clearing:
Kotak Bank will utilize the shortfall amount of Rs. 3000/- from the linked Fixed Deposit to the extent of Rs. 3000/- (4000/- minus 1000/-) and clear the cheque.
Look around for the followings:
Following are the advantages:
Go to Get Help section in Website > Service Request > View All. Select Change of Home Branch Request. User to enter Login credentials and the OTP received. User can change the Home Branch at CRN level (all savings accounts) or at a savings account level.
The Kotak Urbane Credit Card gives you accelerated reward points and the freedom to redeem these points across any shopping that you do.
A chip card has a microchip embedded in the kotak debit card. The chip is difficult to tamper with and therefore provides enhanced security to your transactions. You can get a Chip Kotak Debit Card issued by: