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You can convert your existing Resident Savings Account to a Non-Resident Savings Account without closing your banking relationship with Kotak. If your residency status has changed to NRI, you are required to have your savings account converted to an NRO Account
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Fixed Deposit : Your existing Resident Deposit will be closed and rebooked. The closure proceeds of the closed Fixed Deposit will be treated as principal for the new NRO Fixed Deposit. The tenure of the new NRO Fixed Deposit must be equal to the existing Resident Fixed Deposit. The rate applicable for the new NRO Fixed Deposit will be available on the date of booking of the new NRO Deposit.
Locker : You can continue to hold the locker with modified debit authorization to the NRO Savings account.
Demat : NIL holding- Separate annexure must be submitted for closure. Withholding- Separate annexure must be submitted for conversion
Mutual Funds : If your Investment account has ZERO holding at present, you may close down your investment account. If you have holding available in your account, the same will be de-linked from your respective Savings Account and you need to submit the separate conversion forms to the respective Asset Management Company.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
At your request, you are being re-directed to a third party site - https://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.