Micro ATM is a mini version of an ATM. Micro ATMs are like modified Point of Sales (POS) terminal, this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility.
Google Pay is secure and easy-to-use mobile payment service which can be used to make purchases and payments nearly everywhere.
You can open a Kotak UNI Student Bank Account digitally, from anywhere, thanks to the Video KYC feature. It involves getting on a video call with a Kotak bank executive to complete your KYC process, essentially ruling out a visit to a Kotak bank branch completely.
Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.
Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.
Kotak 811 is a new age bank account offered by Kotak Mahindra Bank.
No, a person can either have a Resident saving account or Non-Resident accounts (NRE /NRO)
Debit Card EMI is the program offering EMI schemes to Kotak Bank customers who shop with their Debit Cards. Bank provides pre-approved limits to customers based on their relationship with the Bank and based on the Bank’s credit policies. Customers who enjoy pre-approved limit from the Bank can avail No Cost EMI and regular EMI by transacting with their Kotak bank Debit Card in selected stores.
Eligibility criteria:
The claim under Personal Accident Insurance shall be payable only if the card holder has carried out at least one transaction i.e. at a Merchant Establishment/ATM /ecommerce /Micro ATM/Business Correspondent of the bank at locations, within 90 days for RuPay Classic card prior to the date of accident including accident date. The Personal Accident Insurance (Death and Permanent Total Disability) would be an Open policy for any kind of accident leading to death or disability.
The Forex Card is a Chip based pre-paid card introduced in association with Visa. It is the first card to offer you the option of loading up to 13 currencies in a single card in a convenient and secure way.
This card gives you the freedom to shop anywhere in the world and provides access to the currency of your destination at competitive market rates.
It can be used at all VISA ATMs and merchant establishments accepting VISA Cards worldwide except for a few countries which are listed in FAQ (2)
You can check your International enabled status as below:
If your card is not ON, you can enable it by switching it ‘On’
Alternatively, you can also enable your International payments by visiting Kotak Net Banking page. Simply follow the steps mentioned in the “How to enable” section.
Kona Kona Cricket is a platform that allows anyone to support their favourite team, participate in cricket trivia quizzes to earn reward points. Anyone who has a MyTeam card will also be able to earn points for the transactions that they do on their MyTeam cards.
The personal loan eligibility calculator is an online tool that helps you estimate the maximum loan amount you can receive based on your eligibility parameters.
There are no limits on the number of accounts that can be opened or linked to a Current Account.
Bill payments available on Kotak BillPay are for the following categories:
This product is available to pre-approved customers.
PayDay loan can be instantly availed by logging onto Kotak Mobile Banking application or Net banking.
Registration is simple!
Note: The Kotak Developer Connect Portal does not permit registration of duplicate organization names. As a result, after the first developer from an organization has registered an account with the portal, subsequent developers from that same organization require an invitation to be registered.
Registering as a new Developer (also becomes the organisation admin).
Your LAP eligibility depends on your current and future prospects, both financially as well as physically. Lenders tend to issue loans to those who are most likely to repay them successfully.
How do they assess this?
Your credit score, previous debts, income proof, and work record: all of these are helpful documents deemed necessary during the loan assessment.
FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid account linked to it. It is affixed on the windscreen of your vehicle and enables you to drive through toll plazas, without stopping for cash transactions. The tag has a validity of 5 years and after purchasing, you only need to recharge/ top up the tag as per your requirement.
Yes. Kotak offers a 3-in-1 account called 'Trinity''. It includes : Kotak Bank Savings Account + Kotak Securities Demat Account + Kotak Securities Trading Account
Home loan EMI is a systematic and easy approach towards home loan repayment. EMI stands for equated monthly installment, which includes principal amount, and the interest payable divided through the tenure chosen. Home loan borrower has to make the repayment of the loan each month in the form of home loan EMI.
JioPay is a mobile based payment application available only on Jio Phones that you can use for payments at any contactless merchant terminal. Customer can enroll Kotak VISA Credit/Debit Cards on Jio Phone to make transactions.
Subscription/Recurring Payment is a payment method under RBI’s e-mandate guideline, where you register your Kotak Bank Credit/Debit card on a merchant’s app/website. Once registered, your payments get automatically debited at pre-defined intervals.
If you are an existing Kotak Mahindra Bank customer, you need to have a Savings or Salary account with us to apply for this card.
Under the Liberalised Remittance Scheme (LRS), all resident individuals (as defined under FEMA 1999), including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.
Under the Liberalised Remittance Scheme (LRS), all resident individuals (as defined under FEMA 1999), including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.
It is mandatory for the resident individual to provide his/her Permanent Account Number (PAN) for all transactions under LRS.
JioPay is a mobile based payment application available only on Jio Phones that you can use for payments at any contactless merchant terminal. Customer can enroll Kotak VISA Credit Cards on Jio Phone to make transactions.
Samsung Pay is secure and easy-to-use mobile payment service which can be used to make purchases nearly everywhere.
Kotak 811 is a new age bank account offered by Kotak Mahindra Bank.
Click on the SEBI link to check the list of handles, apps & banks enabled for UPI transactions for IPO.
A credit card is a transactional card that enables the holder to make purchases of goods and services or withdraw advance cash on credit. It is issued by banks and financial institutions to bring convenience of payment. Credit cards act as a micro loan tool where the individual makes purchases under the condition of paying off the same within a specific time period. There are no interest payouts if the due amount is paid within a specific time (interest-free period). A custom borrowing limit is pre-set by the issuer and this determines the maximum amount of credit a user can spend from a credit card. Credit card brings users the opportunity to save big through discounts and deals, making it a popular choice.
Yes, you should pay your credit card bill in full. If you make a part payment, you will incur interest charges on the outstanding amount.
The economic fallout on account of the Covid-19 pandemic has led to significant financial stress for individuals and business entities across the country.
Kotak offers personal loans at a reasonable interest rate starting from 10.25% p.a. However, the rate may vary depending upon a customer’s profile, income, previous credit record, among other factors.
Kotak Credit Cards symbolize the following guiding principles:
Simplicity
Kotak Credit Cards are simple to understand and use. We have taken special care to make them hassle free so that you can spend time on more important things in life that require your attention.
Transparency
Kotak Credit Cards are transparent in communicating upfront what the Card offers and what you would have to spend for it, if at all. We have taken care that there will be no hidden charges associated with this Card.
Relevance
Kotak Credit Cards have understood what you need the most from your credit Card, and have been designed to give you only those benefits that are most relevant for you.
This promise from Kotak ensures that you only get the best from your credit Card!
To use the PL EMI calculator, you would have to provide three important details: the loan amount, the repayment tenure, and the interest rate.
Grand Savings Account is available in different variants. The charges differ as per the type of account. To know more about Fees and Charges for Grand Account, check the Fees and Charges page.
Grand Savings Account is available in different variants. The charges differ as per the type of account. To know more about Fees and Charges for Grand Account, check the Fees and Charges page.
Grand Savings Account is available in different variants. The charges differ as per the type of account. To know more about Fees and Charges for Grand Account, check the Fees and Charges page.
You can use Kotak Mahindra Bank’s loan against property EMI Calculator to derive your monthly installments. Here is the link to our mortgage loan EMI calculator.
All you have to do is type in the loan amount you want to seek. Make sure that this amount is well-reasoned and within the range of 80% of your property’s market valuation. The next step would be to choose your preferred rate of interest. Post that, you can fill in the loan tenure you are seeking.
Click on “Submit”, and we will give you the answers in a blink! The number derived will be the approximate installment amount.
Please note that factors like your CIBIL Score, age, and the property’s information can influence the final cost.
Loan Against Property is primarily taken for the purpose of Business Expansion,
Your RFC Fixed Deposit can be maintained in permitted currencies such as USD, GBP, JPY, SGD, AUD and EURO.
For this, you can visit the nearest store where Kotak Smart EMI has a tie up. Click here to find the store near you.
Hospitals, Laboratories, Diagnostic Centre's, Nursing Homes, Clinic's or Self-employed Doctor's can avail a Healthcare Equipment Loan.
Google Pay is secure and easy-to-use mobile payment service which can be used to make purchases and payments nearly everywhere.
You can access this feature under Quick Access section of Kotak Mobile Banking App or through Kotak Mobile Banking App -> Payments Section (present in bottom menu) -> Send Money
This feature is available only for Kotak Mobile Banking App users.
Transactions using BHIM UPI are instant and are completed within seconds.
The processing fee is a one-time non-refundable fee charged for the services provided to process the loan. It is payable at the time of application, and most banks in India charge 1-2% of the total loan amount as processing fees.
You can easily get a LAP if you show finances that are well-equipped to repay the loan. So, if you do not have income proof, you would need to explain how you plan to repay the loan.
You can present bank statements if you have surplus funds or instruments like insurance papers, investments, etc., which provide some assurance to the bank. Moreover, the lender may ask you to discuss the lack of income sources and whether you plan on remedying that.
Chances of securing a low interest rate become dim without proper income proof. An income proof assures the lender that you are in a position to repay. However, it is possible to get a loan without but at a higher interest rate.
Following are the rates applicable for Kotak Mahindra Bank Savings Account ( w.e.f. April 20, 2020):
Interest Subvention scheme is offered by GOI to Micro, Small & Medium enterprise (MSME’s) 2018
Kotak Mahindra Bank offers a range of credit cards ranging from premium cards to lifestyle cards.
Kotak MyImage Credit Card is a personalized image card that allows you to choose a design of your choice from the offered digital library, specially curated by the Bank for its cardholders. This personalization will not change the benefits or the base card variant, which you are currently holding. For e.g. If you hold a Kotak Royale Signature Credit Card and choose to personalize it with a Taj Mahal image (Image Code A009), you will continue to enjoy all the existing features of your Royale Signature Credit Card.
Mutual fund (MF) is a mechanism for pooling money by issuing units to the investors and investing funds in securities in accordance with objectives disclosed in the offer document.
Investments in securities are spread across a wide cross-section of industries and sectors and thus the risk is diversified because all stocks may not move in the same direction in the same proportion at the same time. Mutual funds issue units to the investors in accordance with the quantum of money invested by them. Investors of mutual funds are known as unitholders.
Investors in proportion to their investments share the profits or losses. Mutual funds normally come out with a number of schemes, which are launched from time to time with different investment objectives. A mutual fund is required to be registered with the Securities and Exchange Board of India (SEBI) before it can collect funds from the public.
As a sports enthusiast here’s a Debit Card to fulfil your sports cravings this season. If you like to binge watch your favorite sports channels / apps, show off your new sneakers, or have fun exercising using fitness apps, here’s a card which is made for you. See your favorite players or team logo every time you perform transactions. This card comes with only VISA services.
A direct transfer from your credit card to your bank account is not possible. But with the help of intermediaries like BHIM Kotakpay account, you can transfer the amount from your credit card to your UPI wallet and then to your Kotak bank account.
As per RBI mandate, starting July 01, 2022, sensitive customer information like complete card number, CVV & Expiry date or any other sensitive information related to cards cannot be stored by merchants for processing online transactions. The merchants will have to remove all details stored, by June 30, 2022.
They will be allowed to store the customer’s card details only through tokenization post taking an AFA (Additional factor authentication, eg: OTP) from the customer. This means that as per the new guidelines, you can now safely secure your card details using tokenisation while you shop with the online merchants.
The address of the registered office of the company is:
You can use your Kotak Konnect Card for payment at any of the 800,000+merchant establishments across India, where RuPay cards are acceptable.
The Micro ATM machine is operated by an agent that will include a card reader for all cash withdrawal and balance enquiry transactions from all bank domestic Debit Cards.
All devices with Android 5.0 (Lollipop) or higher are compatible to use Google Pay App for making merchant payments via Credit Cards. Currently, Apple Phones do not support adding Credit Card to Google Pay app.
In the Video KYC process, you have to fill up your details online. After you fill up all the required details, the Kotak bank executive will carry out basic checks over video interaction. The agent will guide you through the entire process. Just have your original documents, a blank paper, and a blue/black pen handy. Once this Video KYC is done, you will have a fully-functional Kotak UNI Student Bank Account within 24 hours.
For availing Kotak’s business loan, the minimum turnover required is Rs.40 Lakhs.
For availing Kotak’s business loan, the minimum turnover required is Rs.40 Lakhs.
811 is a fully loaded Digital Bank Account brought to you by Kotak Mahindra Bank. Below are the key features of your 811 account:
Daily balances in Savings Account up to Rs. 1 lakh continue to earn 3.50% p.a. interest. W.e.f. Dec 11, 2020, interest rate of 4% p.a. will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 1 crore while interest rate on daily balances in Savings Account above Rs. 1 crore 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.
The program is available across 27,000 merchant outlets / stores including all major retail chains like Vijay Sales, Croma, Reliance Digital, Sargam Electronics, Sathya Agencies, Vasanth & Co., Tirupati Electronics, Bajaj Electronics and many more. You can shop for your favorite home appliances, electronics, mobile phones, laptops, etc. using the DC EMI program. Click here for the list of stores where you can avail DC EMI using your Kotak Debit Card.
Yes, as an exception in such cases the cover is still valid and claim can be intimated
Forex Card will work across the world other than the countries mentioned below:
Cuba, Sudan, Yemen, North Korea, Syrian Arab Republic, Nepal, Bhutan, Iran, South Sudan, India
No.
However, currency conversion charges and ATM withdrawal charges will be levied wherever applicable.
Please click here for detailed charges.
You can visit the MyTeam card page on the Kotak website and register on Kona Kona Cricket. If you are a MyTeam Card holder, you would receive an email or an SMS with a link to register on the platform. Once registered, you will not be able to de-register yourself.
You can visit Kotak Mahindra Bank’s website and use the personal loan eligibility calculator. Just fill in the details required in the calculator, and you will be able to check your eligibility for the loan amount.
Account holder does not have to maintain minimum balance individually for each Easy Pay account. However, minimum balance is to be maintained for the Primary Current Account as per the account type and terms agreed by the account holder.
Simply login to your Kotak Mobile Banking app or Net Banking, click on “Bill Pay/Recharge” & select “Add/Manage” option. Then click on “Add Biller” option & enter your biller details & click on “Submit”. Your biller will be registered successfully. In case of any further query, you may contact the call centre or visit the nearest branch also.
Payday Loan is a term loan, offered for one month, pre-approved at 50% of your net salary, and offered to salary account holders of Kotak. No paperwork required and instant disbursal.
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Description |
Personal Information |
Complete the personal information fields, with all the required fields. Please keep the following points in mind:
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Additional Info |
This tab records information about the Developer’s organization as well as any custom information requested by the Portal for registration.
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While the amount depends on the bank you apply with, Kotak Mahindra Bank gives up to 80% of your property’s market value as a loan.
Below listed are the benefits of using FASTag:
Prevailing Savings account interest rate on the daily balances is as follows :
Home Loan EMI calculator is a tool that makes it easy for the home loan borrower to calculate the EMI payable. The calculator is easy to you, assisting the borrower to plan the repayment in a better way.
JioPay uses Near Field Communications (NFC) technology to make contactless payments using the cards enrolled in the application. Kotak VISA Debit/Credit Card can be selected at the time of payment and user can tap the backside of the Jio Phone on NFC enabled terminal to complete the payment.
As per the regulatory requirements, some of the key security & safety measures are as listed below:
TCS on foreign remittance under LRS is effective on any remittance transaction under LRS on or after 1st October, 2020.
JioPay uses Near Field Communications (NFC) technology to make contactless payments using the cards enrolled in the application. Kotak VISA Debit/Credit Card can be selected at the time of payment and user can tap the backside of the Jio Phone on NFC enabled terminal to complete the payment.
Galaxy Note 8, Galaxy S8+, Galaxy S8, Galaxy Note 8, Galaxy J7 Pro, Galaxy A9 Pro, Galaxy Note 5, Galaxy S7, Galaxy S7 edge, Galaxy S6 edge+, Galaxy A5 (2017), Galaxy A7 (2017), Galaxy A5 (2016), Galaxy A7 (2016)
811 is a fully loaded Digital Bank Account brought to you by Kotak Mahindra Bank. Below are the key features of your 811 account:
W.e.f. Sep 20, 2021, daily balances in Savings Account up to Rs. 1 lakh will continue to earn 3.50% p.a. interest. Interest rate on daily balances in Savings Account above Rs. 1 lakh stands revised at 3.50% p.a. These interest rates are applicable for Resident Accounts only.
The limit for IPO application is 2 Lakhs per transaction on UPI. The consolidated limit in a day towards IPO applications is 4 lakhs.
Don’t be put off by the term ‘credit’. If used wisely, credit cards are a convenient tool to manage your short-term financing needs. A credit card is a financial tool that lets you borrow a certain sum of money and repay it back later in instalments. An interest is charged only if the credit amount is not repaid within the grace period which usually ranges between 20 to 60 days. Whether you want to make online payments or swipe the card at a restaurant, everything is possible with a credit card. Besides allowing you to borrow funds conveniently, credit cards also offer a host of benefits such as reward points, cashbacks, frequent flyer miles, credit score etc. A credit card is certainly a must-have item in your wallet.
If you pay off your credit card bill early, you eliminate the chances of a default. You can, thus, avoid credit card interest payments on possible defaults or part payments.
Yes, it most certainly will. If you have a track record of not paying your credit card dues on time or have pending installments for previous debt, you are less likely to be approved.
The Kotak Biz credit card has been specifically designed for the Self Employed, Proprietors and Partners of Partnership firms
No
The loan EMI is affected by the following factors:
A LAP Calculator or a mortgage EMI calculator can help you plan your finances and assess your application before submitting it. If the EMI derived seems unsupportable by the current income proofs, you can readjust your loan amount, tenure, or rate of interest.
The method of receiving OTP can be changed using the below steps –
Click on the “Try other methods to verify” link on the Verify OTP screen
A bottom screen opens up with the list of verification methods that the bank has made available for the card you are activating. Choose any of these methods and click on “Proceed”.
You will be directed back to the “Verify OTP” screen with the updated method.
We generally offer a loan up to 10 years, however the maximum permissible tenure is 15 Years
The interest is reinvested and paid at the time of maturity of the deposit
Currently there is no option available to change the EMI due date. Payment due dates are as per the schedule shared in the loan sanction letter.
You can click on the “Apply Now” tab, share your details and our team will contact you. You can also write to us at empowering.wellness@kotak.com
