Kotak mahindra bank

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Kotak mahindra bank

  1. 1. • The Kotak Mahindra group is a financial organization established in 1985 in India. It was previously known as the Kotak Mahindra Finance Limited, a non-banking financial company. • In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). • Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank.
  2. 2. • The bank is headed by K.M. Gherda as Chairman • Uday Kotak as Executive Vice Chairman & Managing Director. • Shankar Acharya is the chairman of board of Directors in the company. • The Bank has its registered office at Nariman Bhavan, Nariman Point, Mumbai.
  3. 3. • About Kotak Mahindra Bank The flagship company of Kotak Mahindra Group. • Kotak Mahindra Finance Ltd was established in 1985. The same got converted into a bank - Kotak Mahindra Bank Ltd in March 2003. Kotak Mahindra bank has presence in Commercial Vehicles, Retail Finance, Corporate Banking, Treasury and Housing Finance.
  4. 4. • Non-banking financial company Non-bank financial companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold a banking license. Operations are, regardless of this, still exercised under bank regulation. However this depends on the jurisdiction, as in some jurisdictions, such as New Zealand, any company can do the business of banking, and there are no banking licenses issued.
  5. 5. • Non-bank institutions frequently. Act as suppliers of loans and credit facilities. Supporting investments in property. Trade money market instruments. Fund private education. Provide wealth management such as managing portfolios of stocks and shares. Underwrite stock and shares, TFCs and other obligations. Provide retirement planning. Advise companies in merger and acquisition. Prepare feasibility, market or industry studies for companies. Provide discounting services e.g., discounting of instruments.
  6. 6. • The savings account goes beyond the traditional role of savings, to provide you a range of services from funds transfer options to online payments of bills to attractive returns earned through a comprehensive suite of investment options.
  7. 7. • Ace Savings Accounts Average Monthly Balance (AMB) of Rs. 50,000/- Free cash withdrawals at other domestic ATMs Avail a discount of 25% on issuance of Best Compliments Card (Gift cards) • Edge Savings Account Average Monthly Balance (AMB) of Rs. 10,000/- Free access to all domestic VISA ATMs, up to five transactions per month • Pro Savings Account Average Monthly Balance (AMB) of Rs. 20,000/- • Classic Savings Account Average Monthly Balance (AMB) of Rs. 10,000/- • Nova Savings Account Average Monthly Balance (AMB) of Rs. 5,000/- Silk - The Saving's Programme for Women
  8. 8. • My Junior Account - The Savings Account for Kids Kotak Junior Account has been designed to encourage the child (and their parents) to save smartly from an early age. It not only offers you up to 6% interest p.a. on the account, but also a 10 year Recurring Deposit and linked Systematic Investment Plans intended to provide long term savings for your child Features • Up to 6%* interest p.a. on Savings Account balance • Investment avenues like Recurring Deposit and Systematic Investment Plans • Investment based NMC waiver • Personalized Debit Cards • Discounts on partner brand
  9. 9. Ace Current Account A premium current account with maximum benefits and features for large businesses and enterprises. • Average Quarterly Balance (AQB) of Rs. 2.5 lac • Free Business Power Platinum Debit Card with enhanced daily purchase limit of Rs. 2.5 lac and daily ATM cash withdrawal limit of Rs. 2 lakhs • Free Home Banking service – Cash/Cheque pickup and delivery, at your call
  10. 10. Global Trade Current Account • Online FX Rate booking system (FX Live) offers booking of FX rates at your convenience • E-banking platform provides information on outstanding bills/ credit limits online • Tracking mechanism of the deals booked (Auto e-deal confirmation) • E-advices facilitate timely accounting and reconciliation • E-SWIFT to provides faster communication with your overseas business partner Letters of Credit • Backed by the strong trade finance set-up, we offer import financing services through Letters of Credit (L/C), which are well accepted globally. Our trade team is equipped to structure the solutions for a variety of purchase requirements.
  11. 11. Ace Salary Account Free Zero Balance Account (subject to salary credits) earns 6% interest per annum on your savings balances over Rs. 1 lakh and 5.5% interest per annum on your balances up to 1 lakh Unlimited value demand draft at home location and delivered to registered communication address
  12. 12. Edge Salary Account Kotak Edge Salary Account provides multiple privileges and benefits to meet the financial needs of a salaried professional. Classic Debit Card Rs. 1,00,000/- cash withdrawal and Rs. .50,000/ shopping limit per day
  13. 13. Term Deposit with highly attractive interest rates Kotak Mahindra Bank brings you Term Deposit at highly attractive interest rates coupled with special facilities like Overdraft and Re-investment option.
  14. 14. Regular Term Deposits • Attractive interest rates • Make a deposit of as low as Rs.10,000/- ( Rs. 25,000/- for new customer) Senior Citizen Deposits • Make a deposit of as low as Rs.10,000/- ( Rs. 25,000/- for new customer) Recurring Deposit • Make savings a habit with monthly investment amounts as low as Rs.100/- • Enjoy easy payment options from your Savings Account Tax Saving Deposits • Choose to receive interest quarterly, or keep it invested till maturity
  15. 15. • Kotak Mahindra Bank offers you Safe Deposit Locker facilities which can be utilized to safe keep your important documents, jewelery and other valuables. Key Features Easy availability and access. Convenient sizes. Hassle-free payment. Nomination for Safe deposit Lockers.
  16. 16. • Convenient locker sizes: small, medium and large. • Dual key security: Two keys required at once, to open the locker. One stays with you and the other with the bank. • Safety: Branches are equipped with security features like, burglar alarm, iron-gated vault & electronic surveillance via CCTV. • Ease of location: Locker facility is available in over 350 branches across the country.
  17. 17. • Multiple access: You can add or remove individuals who can operate the locker on your behalf. • Ease of payment: You can instruct the branch to debit the annual locker rent from your savings/current account. • Nomination facility: You can nominate your close ones for Safe Deposit Lockers.
  18. 18. • Loans that help you fulfill all your financial needs. • Kotak Mahindra Bank presents Personal Finance - the single expert source for all your financial needs. Unexpected expenses, education, wedding in the family, home improvement or that long awaited vacation.
  19. 19. • We are well suited and experienced in understanding your business requirements as we have helped a lot of our clients grow their businesses, across various industries. • So, if you want to diversify your business, fund your next project, or take a personal loan, you can now do it without disturbing your investments or taking multiple loans. With personalized solutions and service, we ensure it’s all you need to make your business dreams come true.
  20. 20. INVESTMENTS & INSURANCE • Life Insurance • Mutual Funds • Demat Accounts • New Pension Scheme
  21. 21. • It is available to you absolutely FREE. The state of the art touch screen Kotak Mahindra Bank ATMs are part of the Visa/Plus and Cash net ATM network. That means you can withdraw cash from our ATM Network with any International and Domestic Visa/Visa Electron/Plus Credit Cards/Debit Cards. • Access your account anytime anywhere State of the art Touch Screen ATMs Affiliated to the VISA network Access any ATM in the country absolutely free.
  22. 22. Gold Debit Card Higher daily purchase and ATM cash withdrawal limit Free access to all VISA ATMs in India and abroad Complimentary Lost Baggage Insurance of Rs. 1 lakh Complimentary Air Accident Insurance Cover of Rs. 20 lakhs
  23. 23. Platinum Debit Card Higher Daily Transaction Limits - Daily purchase limit of Rs. 2.5 lakhs and daily ATM cash withdrawal limit of Rs. 2 lakhs Lost Card Liability Insurance of Rs. 2.5 lakhs. The insurance covers any misuse up to 30 days prior to reporting of the lost card and 7 days after reporting. Free Access to all VISA ATMs in India and abroad
  24. 24. Classic Debit Card Access at all merchant establishments and ATMs that accept VISA cards in India and abroad Access to all VISA ATMs in India and abroad Lost Card Liability Insurance of Rs. 1,00,000/-. Offers & Discounts at Merchant Outlets in categories such as Lifestyle, Fine Dining, Travel, Health and Fitness
  25. 25. • Access India Debit Card • Business Class - Gold Debit Card • Business Power - Platinum Debit Card
  26. 26. • Choose between Montblanc Writing Instrument or Makemytrip.com vouchers as joining gift • Access to 600 VIP Airport Lounges Worldwide • Enjoy features like four complimentary PVR tickets every quarter, Access to over 600 VIP Airport Lounges, TAJ Epicure Membership, Concierge service and much more • Choose between Shopper's or Traveller's Reward earning plan and earn 10X rewards on select categories
  27. 27. • 2X Rewards on spends outside India where 1 Reward Point = Re 1/- • Freedom to purchase and pay in INR • Get 2 free PVR movie tickets every month when you spend Rs. 7500/- and above in a monthly billing cycle • Shop Anywhere in India using your PVR Kotak Credit Card to get your free PVR movie tickets
  28. 28. • AT EASYDAY: Swipe Rs. 2,000 or above in one bill & OUTSIDE EASYDAY: Swipe Rs. 3,000 or above in one bill and get Easy day Vouchers worth Rs. 25/- • Milestone Offer - Spend Rs. 1,50,000 in a year & get 4 PVR tickets • 2.5% fuel surcharge waiver across all petrol pumps in India
  29. 29. • Verified by Visa Shop securely online with your Kotak Credit Card • MasterCard Secure Code Shop securely online with your Kotak Credit Card • One Time Password Generation (OTP) for IVR Transactions • Kotak Credit Card Payment • Find out various options to pay your Kotak Credit Card outstanding
  30. 30. • Convert your Bill to EMI • Cash at Ease Access cash anywhere anytime By Phone | Branch | ATM's | Online • Visa Bill Pay Pay your utility bills online
  31. 31. NRE Rupee Savings Account • Low Average Quarterly Balance of Rs. 10,000/- only • Easy and Economical Remittances into India by Cheque or Wire Transfer or Click2Remit NRO Rupee Savings Account • Low Average Quarterly Balance of Rs. 10,000/- only • Higher Yield post tax by availing DTAA benefits
  32. 32. NRE Rupee Current Account • Low Average Quarterly Balance of Rs. 25,000/- only • Easy and Economical Remittances into India by Cheque or Wire Transfer or Click2Remit NRO Rupee Current Account • Low Average Quarterly Balance of Rs. 25,000/- only • Easy and Economical1Remittances into India by Cheque or Wire Transfer or Click2Remit.
  33. 33. NRE Term Deposits • Minimum amount required for booking NRE Term Deposit is Rs. 50,000/- only • Auto renewal of term deposits on maturity NRO Term Deposits • Minimum amount required for booking NRO Term Deposit is Rs. 50000 only • Auto renewal of term deposits on maturity
  34. 34. • Age, Qualification & Employment: • Minimum education qualification – Graduate • Should be employed for at least 3 years • Maximum Age - 58 years at the time of maturity of the loan • Minimum Income Norms: • For Loan Tenure up to 5 years, – Annual Gross Salary (after Currency Conversion, if required) should be at least: • USD 30,000 for USA/UK/Other • For Loan Tenure above 5 years and up to 15 years, – Annual Gross Salary (after Currency Conversion, if required) should be at least: • USD 42,000 for USA/UK/Other

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