Swapping of Repayment Mode

  • Please Note that change of repayment mode is subject to a credit appraisal. if approved by bank’s internal credit, charges of Rs.500 + GST would be applicable to process this request,
  • You would also need to resubmit revised CTS-Post Dated Cheques and signed NACH / SI mandate form as per your applicable SI/NACH mode of payment
  • In case you are swapping to a SI mode the swap charges will not be applicable
  • To submit the request, you can walk into your nearest Kotak Retail Asset Branch from Monday to Friday between 10 am to 5 pm along with your last 3 months Bank statement of new bank account, request letter & valid signature Identity self-attested proofs.
  • Turn Around Time (TAT) for Swapping of EMI Date is 3 working Days after all documents are completely and correctly submitted
Was this information helpful?
Was this information helpful?