Among the Indian Private Sector Banks, Kotak Bank offers advanced services especially in the area of saving accounts, personal loans, and credit cards. NRO deposit friendly transactions, partial withdrawal options, premature withdrawal alternatives, and tax saving options provide the users to meet their financial needs in a short time. Besides, the Kotak Bank is a highly developed institution within the scope of the online system. Thanks to your mobile banking or internet banking transactions, you will not have to go to bank branches.
Kotak Bank Benefits
The Kotak Bank is very popular, especially in terms of Kotak Bank saving accounts services. If you want to have a savings account under Kotak Bank, make sure you have approximately Rs 5,000 in your account. If this rate is found in your account, the annual interest rate will vary from about 5 percent to 6 percent.
Auto-renewal on maturity available in Kotak Bank. With different personal account alternatives such as Savings Account, Current Account, Corporate Salary Accounts, Retail Institutional Accounts, you will get exactly the service you need. In India, many companies provide salaries to employees through Kotak Bank. Therefore, Corporate Salary Accounts options are frequently applied.
You can pay the bills you need to pay in your daily life in an easy, practical and fast way through Kotak Bank. Moreover, all these operations can be performed automatically thanks to the online system. You can create an automatic payment order for all your payments such as Broadband / Landline, Cooking Gas, Electricity, Other Bank Credit Card Payments, Postpaid Mobile, Water. This allows you to completely forget your bill payments!
The institution also provides services in the field of insurance. If you want to have insurance, you can apply for the following categories: Life Insurance, Health Insurance, Motor Insurance.
Kotak Bank FAQs
There is a wide variety of loans provided by the Kotak Bank. The interest rate requested by each type of loan may be different from the other. It may, therefore, be more accurate to give a general range. The loans you will receive from the institution will generally have an interest rate ranging from 3.5 to 7.30 percent. Tenure range differs between 7 Days and 10 Years.
- Indian & overseas Address proof
- Self-attested photocopies of Passport
- Valid work permit
- employment visa
- residency card