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Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility. This initiative aims to bridge the gap between the need and availability of cash requirement in the eco-system.
OTP is a numeric or alphanumeric code a customer receives on their registered mobile number or email address to authenticate a credit card transaction.
Yes, you can add a credit card to Google Pay using the following steps:
● Open the Google Pay app on your smartphone.
● Click “Add a card/bank account”.
● Enter your Kotak credit card details.
● Provide OTP.
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, a senior citizen can open Grand - Savings Account which is only applicable for Indian residents of age 55 years and above.
Through this facility you can earn a much higher interest on your idle funds in the Savings Bank Account.
The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.
The advantages of this facility are:
Yes, you need to consider inflation when you use a retirement calculator because it gives you a realistic estimate of the retirement corpus required. Inflation reduces the purchasing power of money over time, and including it in your nest egg calculation is crucial. You can use a retirement calculator with inflation-specific input requirements to obtain clear and accurate estimates.
Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.
Yes, unsecured business loans do not require collateral. Approval is based on your credit score, business financials, and cash flow. These loans are ideal for businesses with strong credit profiles seeking quick funding without pledging assets.
The approval timeline typically ranges from 7 to 15 working days, depending on the completeness of your application and the lender's verification process. Applications with all required documents and clear financial records tend to get processed faster.
Capital refers to funds used to acquire long-term assets or sustain the business over time, such as machinery or equity investments. Revenue, on the other hand, refers to the income a business earns from its regular operations. The two are accounted for differently and serve entirely different financial purpose
The working capital ratio between 1.2 and 2.0 is generally considered healthy. Ratios below 1.0 suggest liquidity problems, while ratios significantly above 2.0 might indicate underutilised assets.
The Legal Entity Identifier (LEI) is a 20-character alpha-numeric code that is designed to uniquely identify parties to financial transactions globally. It seeks to improve the accuracy of financial data reporting systems and to promote better risk management by giving a unique identifier for each legal entity engaged in financial transactions.
Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.
A working capital demand loan is used to manage stock, labour, and operating needs before peak demand. It ensures businesses do not fall short of supplies when customer activity increases.
Bootstrapping or angel investment often works best initially. These options provide capital while you validate your business model. Bank loans become viable once you have demonstrated revenue and repayment capacity.
A strong GST record can support your case for a collateral-free loan by demonstrating turnover and compliance. However, it varies across banks.
Yes, unsecured business loans are available without collateral requirements. These loans rely on your credit profile, business performance, and financial history for approval. However, they typically carry higher interest rates than secured loans and may have stricter eligibility criteria.
No. Working Capital Loans are specifically tailored to meet the smaller, working capital and growth needs of Micro, Small, and Medium Enterprises, whereas general Business Loans are more suitable for enterprises of all sizes, often catering to larger funding requirements.
Yes. Unlike a term loan where interest is charged on the full principal upfront, a Business Loan Overdraft charges interest only on the amount you utilise
Yes, though options are limited. Startups with no revenue history can explore angel investors, venture capital, or owner's capital. Some lenders also offer collateral-backed loans where assets secure the funding. The key is demonstrating business viability through a clear plan rather than past revenue.
When the repo rate is cut, the bank’s cost of borrowing reduces. For loans linked to external benchmarks (EBLR), banks are required to pass this benefit to borrowers by lowering the interest rate, which subsequently reduces the EMI or shortens the loan tenure.
No. Growth usually takes time for things to settle down and show results. Short-term loans are better for needs that are likely to be met quickly. Using them to grow the business can strain cash flow before the business starts to turn a profit.
Yes. The Bank verifies the personal CIBIL score of the proprietor/partners/directors. The Bank also considers the business credit profile, where available, for companies and LLPs.
Eligibility typically includes the age of the applicant (usually 21 to 65 years), the vintage of the business, and a stable credit history. Lenders also assess the annual turnover and income tax returns to determine the loan amount.
Digital lending offers quicker reviews, simpler document checks, and access through online platforms, helping you apply without lengthy in-branch steps.
You will need to provide business registration proof, bank statements from the last 6 to 12 months, and income records. Standard KYC documents such as PAN and address proof are also required. Keeping your records organised will help speed up the process.
Kotak 811 is a new age bank account offered by Kotak Mahindra Bank.
A. Credit card companies and banks charge higher fees to recover the cost of lending money to customers. But, they urge merchants not to pass credit card swipe charges to customers and instead bear it themselves. In some places, merchants can charge customers an extra fee for using credit or debit cards to cover the processing costs.
A minimum credit score of 650 is required when applying for a credit card, however, 750 is considered to be the ideal CIBIL Score. For a credit score below 650, credit card issuing banks could reject your credit card application. Even at a credit score of 650 the issuing banks and financial institutions may not offer you their best credit card deals, but you will be eligible to apply for one.
India’s CBDC also known as Digital Rupee (e₹) is a digital form of physical currency denomination issued by the Reserve Bank of India.
A loan taken against your gold jewelry is known as a gold loan. When you hand over your gold to the bank in return for a specific amount, it is classified as a gold loan. It is a quick and straightforward process to obtain funds against your gold with minimal documentation.
No, a person can either have a Resident saving account or Non-Resident accounts (NRE /NRO)
Below are the major exclusions which are not covered under this policy and thus are ineligible for a claim:
1. Dishonest or Improper Conduct
2. Bodily Injury
3. Property Damage
4. Any activities carried out for business or professional purposes
5. Intellectual Property and Trade Secrets
6. Prior Acts
7. Any loss or damage caused by the order of any government authority.
8. War
9. Terrorism, including cyber terrorism.
10. Government Authority
11. Non-Fiat Currency
12. Outage/ Disturbance Loss
13. Illegal Use of Data
14. Unauthorised Collection of Data
15. Prior Notification
16. Insolvency
17. Immoral/Obscene Services
Kindly refer to Policy wording document for a detailed list of exclusions.
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 Kotak Rupay Platinum Debit 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 that allows you to carry foreign currency while traveling abroad. Kotak Forex Card, in association with Visa, offers you the option of loading up to 15 currencies in one place conveniently and securely. 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)
To activate your card. Follow below steps
You can also activate your card by updating card controls or making a transaction or by giving missed call on 76690 10000
It is usually expressed as a number based on the person's repayment history and credit files across different loan types and credit institutions. Credit score is also known as a credit rating.
If you pay your bills on time, it will have a positive impact on your credit score.
You can choose to pay your Credit Card dues using the following options:
WebPay, Mobile Banking, Net Banking, Auto Debit,/NACH, Cheque or Cash Payment at Kotak Bank Branches.
Refer the modes of payment section for more information on Credit Card Payments.
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.
kotak.biz is an easy-to-use payment collection app offering multiple digital collection methods to merchants, such as:
You can get onboarded on the kotak.biz app easily through instant activation and zero paperwork journey.
Bill payments available on Kotak BillPay are for the following categories:
Kotak Mid-Month Advance is a pre-approved short-term loan offered exclusively to Kotak customers. It provides instant fund disbursal without any paperwork and is available online via Kotak Mobile Banking, Net Banking, SMS, or email communication
Kotak Mid-Month Advance is available to pre-approved existing Kotak customers. You can apply for a Kotak Mid-Month Advance immediately by logging into the Kotak Mobile Banking app or Net Banking.
Interest earned is added to your total income and taxed as per your income slab. Banks deduct TDS if your interest exceeds threshold limits. However, if your total income is below the taxable limits, you can claim a refund while filing your income tax return.
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).
A Mandate Holder is a resident Indian authorised to operate your NRO/NRE account in India. They can perform limited functions like bill payments, cheque deposits, and withdrawals. They cannot repatriate funds or invest on your behalf.
The complete process typically takes 15-30 days, depending on documentation completeness and lender efficiency. Online applications and digital verification can expedite the timeline.
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.
Virtual credit cards are generally a free of cost service that the banks offer their customers.
A. The easiest way to pay rent is using credit cards. In this nothing is debited from your bank account. Instead the money is paid via the available line of credit. Rent payment through credit card is easy and just a few clicks away when it is linked to your UPI enabled app. Now you know how to pay rent through credit card.
The FASTag Annual Pass allows toll-free travel for private cars, jeeps, or vans at designated National Highway (NH) and National Expressway (NE) fee plazas. It is valid for one year or 200 trips—whichever comes first. The pass is effective from 15th August 2025.
FASTag is a device that uses Radio Frequency Identification (RFID) technology for making toll payments directly from a prepaid account linked to it. It is affixed on the windscreen of a vehicle. It enables user to drive through toll plazas without stopping for cash transactions. FASTag has a validity of 5 years and needs to be Recharged / Top-up as per transaction requirement.
Sweep out threshold limit is an upper limit defined in the account above which balance is transferred to auto Fixed deposit which is linked to current/savings account
kotak.biz is a one-stop payment acceptance solution designed specifically for business owners.
It is available for Android applications through which you can accept digital payments in your store, at the customer’s place and online.
A fuel credit card is a credit card that is specifically designed to benefit customers when used at Fuel Pumps. These credit cards typically offer rewards and incentives for fuel purchases, such as Reward Points, Cashback, etc.
With a fuel credit card, you can use it to purchase petrol, diesel, etc. or other fuels at participating fuel stations. You can also use it for other spends like dining, groceries etc. depending on the features of the card.
Kotak Rewards is a Rewards programme wherein you get rewards based on the Spends done in a calendar month. You can then redeem these rewards across various categories by visiting Kotak Rewards portal www.kotakrewards.com. Kotak Rewards is currently only for savings accounts customers opened with Promo codes Silk/Alpha/Grand.
To activate wearable payment device for in-store payments, please enable contactless feature following below steps:
Step 1: Login to Kotak Mobile Banking App or Net Banking.
Step 2: Cards à Debit Card--> Card controls--> Select Wearable Payment Device --> Enable card status --> Enable “Contactless” payments in Domestic controls --> Confirm
Pin is required for transaction above Rs 5,000/-. Pls refer below FAQ to set pin.
*In case of Smart Vital Plus, you can activate your health subscription by registering on GOQii App using activation voucher (sent in the Smart Vital Plus Box) and mobile number registered with the bank.
Liabilities like home or car loans reduce your overall financial value. Your true standing is only visible when these outstanding balances are subtracted from the total market value of your assets.
You can apply for Nova savings account online as well as by visiting our nearest branch. Nova/Classic Savings Account is available in Semi-urban/rural branches only. Click on the following link to apply online : https://kapps.kotak.com/kotakXpress/xpress/xpress-home.action?pid=NOV
Yes, absolutely. Even small, consistent contributions placed in an account with a competitive interest rate will grow significantly over time due to compounding. The higher rate means your money generates more returns than it would in a standard account, making it worthwhile from day one.
E-banking differs by being online; it's like having a bank on your phone. Traditional banking is in person at a branch.
Contact your bank's customer care immediately. Ask them to block the dispatched book to prevent misuse. Update your registered address and raise a fresh request once the address change is confirmed on the bank's records.
Effective July 9th, 2025, daily balances in Savings Account across all account balances will earn 2.50% interest p.a. These interest rates are applicable for both Resident and Non Resident Accounts (NRE/ NRO)
SWIFT, or the Society for Worldwide Interbank Financial Telecommunications, is a secure messaging network facilitating global financial transactions by transmitting standardised information between financial institutions.
To check your Aadhaar card application status, visit the official UIDAI website, enter your enrolment ID, and get real-time updates on your Aadhaar card processing progress.
Yes. A personal loan can be used to repay an outstanding credit card bill incurred for medical expenses. Since personal loan interest rates are generally lower than credit card interest rates, this can reduce your overall repayment cost.
Yes, superannuation plans offer secure benefits for retirement. Unlike regular retirement plans tied to market changes, superannuation benefits remain unaffected, ensuring a stable outcome for eligible employees.
No. Personal loan interest rates are set by individual lenders and influenced by the RBI's repo rate, not the Union Budget. The budget, however, sets the fiscal tone that guides RBI's monetary policy decisions. A stable, growth-focused budget can create the conditions for a rate cut, which would then flow down to borrowers.
No, the full form of DA is Dearness Allowance, and it is a cost of living adjustment, while HRA is specifically for housing expenses. Both are separate components of a salary.
Yes, if you have an eligible Kotak savings account, you can enroll in the Silk programme. Visit your nearest branch or contact customer service to add these benefits to your existing account.
The Edge savings account allows you to enjoy unlimited withdrawls in our ATMs. However there are upto 5 free transactions per month in other bank's ATMs.
An E-Aadhaar card is the electronic version of the Aadhaar card, accessible online, providing a digital format of the physical Aadhaar card with the same validity.
Everyday savings account is a one of a kind savings account where you can save while you spend with every day deals on popular brands. Just do 30 transactions in a month and enjoy freedom from monthly balance maintenance
The Kotak Mahindra Classics Savings Account gives you the benefit of great features, that too at a comfortable balance requirement, so you can enjoy a banking experience that is truly exceptional. Classic Savings Account is available in Semi-urban/rural branches only.
Linking PAN with Aadhaar is essential for seamless financial transactions and compliance. It prevents deactivation, ensures accurate taxpayer identification, and streamlines tax processing, enhancing the overall efficiency of the taxation system.
ESIC full form, is or Employees' State Insurance Corporation, which is a social security scheme providing medical and financial benefits to employees. It ensures protection against health and employment-related contingencies under the ESI Act, 1948.
Generally, yes. Most savings and current accounts support this facility. However, NRE or NRO accounts or those subject to specific freezing orders may be restricted. It is best to check with your bank.
Savings account nominee rules vary by bank, but typically, nominees must be individuals, and they can claim the account's assets in the account holder's absence.
Yes, minors can be nominees, but you must appoint a guardian to manage the funds until the nominee reaches 18 years of age. The guardian will handle all claim processes and transfer responsibilities to the nominee upon majority.
The Ace Savings Account is exclusively designed to give you additional advantages and banking benefits, all without any extra premium. This means, you can get the most out of your banking experience with this one, power-packed savings account.
A savings account in India is a type of account that you open with a bank.
Yes, you can check your ITR refund status on the TIN NSDL portal without logging in. You only need your PAN number and the relevant Assessment Year.
Aadhar eKYC is a paperless Know Your Customer process using Aadhar authentication. The Government of India regulates it under the Aadhar Act, ensuring secure verification and data protection.
Yes. In addition to the monetary value cap, there is a limit on the number of transactions allowed, usually ranges between 20 and 30 transactions per day, depending on the platform and your bank.
For opening an Individual Current Account online, you should have your Aadhaar card and original PAN card handy. Also, the Aadhaar-linked mobile number must be with you. After submitting the Personal details, the Customer Relationship Number and the Account Number of the individual will be generated. If you need any assistance during the journey, you can tap the 'chat with us' icon and a representative will be assigned to guide you.
The key documents required for availing a personal loan from Kotak Mahindra Bank are as follows -
A Home Loan interest rate is the amount of money (calculated as a percentage) borrowers pay back on top of the principal amount they take through a loan. These rates, also called housing loan interest rates, are charged by financial institutions and determine the actual cost of a home loan. Interest rates on home loans are usually linked to repo rate and can vary from one institution to another.
