Transaction Banking Solutions for Kotak Privy League Customers

Transaction Banking Solutions:

Payments Solutions

We deliver convenient payment solutions with maker checker facility and offer customised solutions ranging from:

Continuous stationery for printing cheques at your establishment
Bulk cheque printing with or without digital signatures, as required. The printed instruments are delivered to you
Bulk DD printing
24x7 Internal Funds Transfer (IFT)
Online bulk RTGS, NEFT and IMPS
Dividend and interest warrants
Tax payments for direct and indirect taxes

Collection Solutions

We provide an efficient collection mechanism through:

Daily beat cash and cheque pickup services from your office premises, at select locations
Cheque collection facility through Cash Management Services (CMS), with customised MIS, from 1000+ locations
Electronic collection through virtual codes
Merchant Solutions* - Our payment gateway enables you to receive payment through Debit/Credit Cards, on the Internet. We also offer EDC terminals for swiping cards at your establishments, so customers can make payments
Escrow Accounts

*These services are offered through third party providers

Liquidity Management

Liquidity Management services are critical to ensure that sufficient funds are available when needed, and still optimising returns, when they are idle. Your Current Account offers you tools to achieve this.

ActivMoney - Through this facility, balances above a specified threshold are swept into a term deposit, thus earning attractive returns for funds lying idle in the Current Account. The funds are easily available for utilisation, whenever there is a shortfall in the account
Pooling of funds - Link multiple accounts within your group accounts to ensure seamless movement of funds internally.

Office Administration Solutions

As your banking partner, we believe in offering comprehensive solutions to take care of your administrative activities in an efficient manner.

E-Tax service for hassle-free payment of direct & indirect taxes
Salary Accounts offering up to 4%* interest per annum
Bill Pay/AutoPay for a smarter way to automate regular bill payments online• Tax advisory services through empanelled experts
National Pension Scheme to provide old age security coverage and pension for your employee

W.e.f. Jun 19, 2021, daily balances in Savings Account up to Rs. 1 lakh will continue to earn 3.50% p.a. interest. Interest rate of 4% p.a. will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 50 lakhs while interest rate on daily balances in Savings Account above Rs. 50 lakhs stands revised at 3.50% p.a. These interest rates are applicable for Resident Accounts only.

Example: If End of Day Savings Account balance is Rs. 1,50,000, then Rs. 1,00,000 will earn interest of 3.50% p.a. and Rs. 50,000 (being the balance in excess of Rs. 1,00,000), will earn interest of 4.00% p.a.