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KOTAK MAHINDRA
BANK
Presented By: Group #09
HISTORY• 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.
• 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.
ABOUT KOTAK MAHINDRA BANK
• 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.
NON-BANKING FINANCIAL COMPANY• 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.
SERVICES PROVIDED• 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.
SERVICES OF KOTAK MAHINDRA BANK
DEPOSIT ACCOUNT/ SAVINGS ACCOUNTS
• 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.
• Ace Savings AccountsAverage Monthly Balance (AMB) of Rs. 50,000/-Free cash withdrawals at other domestic ATMsAvail a discount of 25% on issuance of Best Compliments Card (Gift
cards)• Edge Savings AccountAverage Monthly Balance (AMB) of Rs. 10,000/-Free access to all domestic VISA ATMs, up to five transactions per month• Pro Savings AccountAverage Monthly Balance (AMB) of Rs. 20,000/-• Classic Savings AccountAverage Monthly Balance (AMB) of Rs. 10,000/-• Nova Savings AccountAverage Monthly Balance (AMB) of Rs. 5,000/-Silk - The Saving's Programme for Women
• My Junior Account - The Savings Account for KidsKotak 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
Aaj Ki Chillar Kal Ke Note.mp4
CURRENT ACCOUNTAce Current AccountA 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
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.
Ace Salary AccountFree 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 lakhUnlimited value demand draft at home location and delivered to registered communication address
Edge Salary AccountKotak 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
TERM DEPOSITS
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.
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 AccountTax Saving Deposits• Choose to receive interest quarterly, or keep it invested
till maturity
SAFE DEPOSITS LOCKER
• 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.
• 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.
• 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.
LOANS
• 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.
• 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.
TYPES OF LOANS
Home Loan
Personal Loan
Education Loan
Loan Against Property
Gold Loan
Commercial Vehicle Loan
INVESTMENTS & INSURANCE
• Life Insurance
• Mutual Funds
• Demat Accounts
• New Pension Scheme
VALUE ADDED PRODUCTS AND SERVICES
Net Banking
Mobile Banking
SMS Banking Alerts
Phone Banking
ATM Network
THE ATM SERVICE • 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.
DEBIT CARD
Gold Debit CardHigher daily purchase and ATM cash
withdrawal limitFree access to all VISA ATMs in India and
abroadComplimentary Lost Baggage Insurance
of Rs. 1 lakhComplimentary Air Accident Insurance Cover
of Rs. 20 lakhs
Platinum Debit CardHigher 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
Classic Debit CardAccess at all merchant establishments and
ATMs that accept VISA cards in India and abroad
Access to all VISA ATMs in India and abroadLost Card Liability Insurance of Rs. 1,00,000/-. Offers & Discounts at Merchant Outlets in
categories such as Lifestyle, Fine Dining, Travel, Health and Fitness
• Access India Debit Card• Business Class - Gold Debit Card• Business Power - Platinum Debit Card
CREDIT CARDSRoyale Signature Cards• Choose between Montblanc Writing Instrument or
Makemytrip.com vouchers as joining gift• Access to 600 VIP Airport Lounges WorldwidePrivy League Signature Card• 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
NRI Royale Signature Card• 2X Rewards on spends outside India where 1
Reward Point = Re 1/-• Freedom to purchase and pay in INRPVR Platinum Card• 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
Easy day Titanium Card• 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/-
Fortune Gold Card• 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
CREDIT CARD SERVICES• Verified by VisaShop securely online with your Kotak Credit Card• MasterCard Secure CodeShop 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
• Convert your Bill to EMI
• Cash at EaseAccess cash anywhere anytime By Phone |
Branch | ATM's | Online
• Visa Bill PayPay your utility bills online
NRI SAVINGS ACCOUNTNRE Rupee Savings Account• Low Average Quarterly Balance of Rs. 10,000/-
only• Easy and Economical Remittances into India by
Cheque or Wire Transfer or Click2RemitNRO Rupee Savings Account• Low Average Quarterly Balance of Rs. 10,000/-
only• Higher Yield post tax by availing DTAA benefits
CURRENT ACCOUNTNRE Rupee Current Account• Low Average Quarterly Balance of Rs. 25,000/-
only• Easy and Economical Remittances into India by
Cheque or Wire Transfer or Click2RemitNRO Rupee Current Account• Low Average Quarterly Balance of Rs. 25,000/-
only• Easy and Economical1Remittances into India by
Cheque or Wire Transfer or Click2Remit.
TERM DEPOSITS
NRE Term Deposits• Minimum amount required for booking NRE
Term Deposit is Rs. 50,000/- only• Auto renewal of term deposits on maturityNRO Term Deposits• Minimum amount required for booking NRO
Term Deposit is Rs. 50000 only• Auto renewal of term deposits on maturity
• 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
THANK YOU