How is Kotak Mahindra Bank

Hi I would like to know the profile of Kotak Mahindra Bank as well as the details of the products and services offered by Kotak Mahindra Bank?

Kotak Mahindra Bank is an Indian bank and money related administration firm settled in 1985. It was beforehand known as Kotak Mahindra Finance Limited, a non-keeping money budgetary company.As of 2011 to October 2013, it has more than 500 branches, more than 1,000 ATMs and a combined monetary record of approx. US$ 2.9 billion. In 2003, the organization changed over to a business bank when it got a permit from the Reserve Bank of India.

Kotak Mahindra Bank is an Indian private area bank headquartered in Mumbai, Maharashtra, India. In February 2003, Reserve Bank of India (RBI) gave the permit to Kotak Mahindra Finance Ltd., the gathering's leader organization, to bear on saving money business.

It offers an extensive variety of saving money items and monetary administrations for corporate and retail clients through an assortment of conveyance directs and concentrated backups in the territories of individual fund, venture saving money, extra security, and riches administration.

Kotak Mahindra Bank Terriest has a system of 1,369 branches crosswise over 689 areas and 2,163 ATMs in the nation (starting at 31 March, 2017). In 2016, it was the fourth biggest private bank in India by advertise capitalization

Products and Services

Kotak Mahindra Bank is known for its particular created items to cook distinctive client bases. The bank basically bargains in:

Individual Banking

NRI Banking

Need Banking Services through Privy League

Riches Management Services

SME Products

Discount Banking Services

Individual Banking

Under its Personal Banking portion, Kotak Mahindra bank offers Accounts and Deposits items, Loan Products, Cards Services, Investments and Insurance and Agri-Banking Solutions.

Kotak Mahindra Bank Fixed Deposit Accounts

Types of Fixed Deposits

Kotak Tax Saving Deposits – A term store plot implied for sparing duty under Section 80C of the Income Tax Act.

Kotak Regular Term Deposits – A conventional term store design with a base speculation sum being RS.10,000 and term from 7 days to 10 years.

Kotak Senior Citizens Deposit – A term store design particularly for the senior residents past the age of 60 years with the special loan cost.

Kotak Recurring Deposit – A month to month store plot wherein clients can store sum in regularly scheduled payments for a pre-decided period.

Kotak Ace Deposit Scheme– An extraordinary store arrange for which yields better returns through interests in Mutual Funds.

Kotak Mahindra Bank Insurance Services

Kotak Mahindra Bank, through its rich experience and mastery in venture and protection administrations has made items which makes riches for you, as well as ensures them for such a period when one needs them most. Different items under its Investment and protection plans are:

o Pradhan Mantri Bima Yojana
o Sovereign Gold Bond Scheme
o Atal Pension Yojana (APY)
o Other Life Insurance Schemes
o Mutual Funds
o Demat Account
o National Pension System

__________________
Answered By StudyChaCha Member