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“ FIANNACIAL PRODUCTS AND SERVICES OFFRRED BY KOTAK MAHINDRA BANK “

1

CHAPTER 1

HISTORY OF A BANK

The term bank is either derived from Old Italian word banco or from a French

word banquet both mean a bench or money exchange table. In olden days,

European money lenders or money changes used to display

(show) coins of different countries in big heaps (quantity) on benches or tables

for the purpose of lending or exchanging.

The history of banking begins with the first prototype banks of merchants in the

ancient world, which made grain loans to farmers and traders who carried goods

between cities. This began around 200 BC in Assyria and Babylonia. Later, inancient Greece and during the Roman Empire, lenders based in temples made

loans and added two important innovations: they accepted deposits and changed

money. Archaeology from this period in ancient china and India also shows

evidence of money lending activity.

Banking, in the modern sense of the world, can be traced t0o medieval and early

renaissance Italy, to the rich cities in the north such as Florence, Venice and

genoa. The bardi and Peruzzi families dominated banking in 14th century

Florence, establishing branches in many other parts of Europe. Perhaps the most

famous Italian bank was the Medici bank, established by Giovanni Medici in 1397.The position of the medicos was eventually taken over by the fuggers and the

welsers.

The oldest bank still in existence is Monte die paschi die Siena, headquartered in

Siena, Italy, which has been operating continuously since 1472. It is followed by

berenberg bank of Hamburg (1590).

The development of banking spread from northern Italy through Europe and a

number of important innovations took place in Amsterdam during the Dutch

republic in the 17th century and in London in the 18th century.

During the 20th century, developments in telecommunications and computing

caused major changes to banks‟ operations and let banks dramatically increase

in size and geographic spread. The financial crisis of 2007-2008 caused bank

failures, including some of the world‟s largest banks, and provoked much debate

about bank regulation and the size and role of banks in the economy.




2

CHAPTER 2

INTRODUCTION OF BANKING

Banking Regulation Act, 1949

As Per Section 5(C) Of The Banking Regulation Act, 1949 A "Banking Company"

Means Any Company Which Transacts The Business Of Banking In India.

Any Company Which Is Engaged In The Manufacture Of Goods Or Carries On Any

Trade And Which Accepts The Deposits Of Money From Public Merely For The

Purpose Of Financing Its Business As Such Manufacturer Or Trader Shall Not Be

Deemed To Transact The Business Of Banking Within The Meaning Of This Clause."

As Per Section 5(B) Of The Banking Regulation Act, 1949 , "Banking" Means The

Accepting, For The Purpose Of Lending Or Investment, Of Deposits Of Money From

The Public, Repayable On Demand Or Otherwise, And Withdrawable By Cheque,

Draft, Order Or Otherwise.

As Per Section 5(D) Of The Banking Regulation Act, 1949 , "Company" Means Any

Company As Defined In Section 3 Of The Companies Act, 1956 And Includes A

Foreign Company Within The Meaning Of Section 591 Of That Act.

As Per Section 51 Of The Banking Regulation Act, 1949 , Certain Provisions Of The

Banking Regulation Act Are Also Applicable To The State Bank Of India, Any

Corresponding New Bank, A Regional Rural Bank And Any Subsidiary Bank.

"Corresponding New Bank" Has Been Defined Under Clause(Ee)Of Section 2 Of The

Digs Act To Mean A Corresponding New Bank Constituted Under The Banking

Companies (Acquisition And Transfer Of Undertakings ) Acts Of 1970 Or 1980.




3

CHAPTER 3

INTRODUCTION OF KOTAK MAHINDRA BANK

Kotak Mahindra Bank Is An Indian Bank And Financial Service Firm Established

In 1985. It Was Previously Known As Kotak Mahindra Finance Limited, A

Non-Banking Financial Company.

In February 2003, Kotak Mahindra Finance Ltd, The Group's Flagship Company

Was Given TheLicence To Carry On Banking Business By ThereserveBank Of

India (RBI). Kotak Mahindra Finance Ltd. Is The First Company In The Indian

Banking History To Convert To A Bank.As Of 2011 To October 2013, It Has More

Than 500 Branches, Over 1,000 Atms And A Consolidated Balance Sheet Of

Approx. US$ 2.9 Billion.

The Bank Has Its Registered Office At NarimanBhavan, Nariman Point Mumbai.,

Established In 1985, The Kotak Mahindra Group Is One Of India‟s Leading

Financial Services Conglomerates. In February 2003, Kotak Mahindra Finance

Ltd. (KMFL), The Group‟s Flagship Company, Received A Banking License From

The Reserve Bank Of India (RBI). With This, KMFL Became The First Non-Banking

Finance Company In India To Become A Bank – Kotak Mahindra Bank Limited.

http://en.wikipedia.org/wiki/Financial_service

http://en.wikipedia.org/wiki/Kotak_Mahindra_Finance_Ltd

http://en.wikipedia.org/wiki/Non-banking_financial_company

http://en.wikipedia.org/wiki/Reserve_Bank_of_India


http://en.wikipedia.org/wiki/History_of_banking_in_India


http://ir.kotak.com/node/642

http://insurance.kotak.com/about-us/corporate-overview.php




http://ir.kotak.com/node/642





http://en.wikipedia.org/wiki/Non-banking_financial_company

http://en.wikipedia.org/wiki/Kotak_Mahindra_Finance_Ltd

http://en.wikipedia.org/wiki/Financial_service




4

How Is Kotak Mahindra Bank Organized?

Kotak Mahindra Bank (KMB) Offers A Very Wide Range Of Products And Services

Targeted At Retail Customers, Delivered Through A State Of The Art TechnologyPlatform. In Addition To Branch Banking, Convenience Banking Facilities Offered

By The Bank Include Telephone Banking, Internet Banking, Mobile Banking,

Direct Pay Services, Payment Gateway For Online Shopping, A Global Debit Card,

A Prepaid Spending Card And Facility To Transfer Of Funds To All Visa Debit And

Credit Cards In India.

What Does The Kotak Logo Represent?

The Symbol Of The Infinite Ka Reflects Our Global Indian Personality. The Ka Is

Uniquely Indian While Its Curve Forms The Infinity Sign, Which Is Universal. One

Of The Basic Tenets Of Economists Is That Man's Needs Are Unlimited. The

Infinite KaSymbolises That We Have Infinite Number Of Ways To Meet Those

Needs.

How Many People Work At Kotak Mahindra Bank?

As Of March 31, 2011, Kotak Mahindra Bank (Standalone) Had 11,152 Employees.

The Bank Was Also Adjudged Amongst The Top 25 Best Employers In India By

Aon Hewitt Best Employer In India Study 2011.




5

CHAPTER 4

HISTORY OF KOTAK MAHINDRA BANK

The Company Was Founded In 1985 By UdayKotak. In 2004, The CompanyConverted To A Commercial Bank When It Received A License From The ReserveBank Of India, Becoming The First Indian Finance Company To Do So.

In 2005, It Made A Significant Investment When It Bought Stressed Assets From ANumber Of Banks, At Full Loan Value Of 10 Billion

In January 2011, The Bank Reported A 32% Rise In Net Profit To 1.88 Billion ForThe Quarter Ended December 2010 Against 1.42 Billion The CorrespondingQuarter Last Year .[3] Kotak Mahindra Bank Also Reached The Top 100 Most

Trusted Brands Of India In The Brand Trust Report Published By Trust ResearchAdvisory In 2011.

1985

- The Company Was Incorporated On 21st November 1985 Under The Name Kotak

Capital Management Finance Ltd.

The Company Has Been Promoted By Mr. Uday S. Kotak, Mr. S.A.A Pinto AndKotak &Company. The Company Obtained The Certificate Of Commencement Of

Business On 11th February 1986 And The Existing Promoters Were Joined By Mr

Harish Mahindra And MrAnand Mahindra. The Company's Name Was Changed On

8th April 1986 To Its Present Name Kotak Mahindra Finance Ltd.

- The Company Deals In Bill Discounting, Leasing And Hire Purchase, Corporate

Finance, Management Of Fixed Deposit Mobilisation, Financing Against

Securities, Money Market Operations, Consumer Finance, Investment Banking

And Clients' Money Management. 1990

-3,08,770 No. Of Equity Shares Subscribed For By The Promoters, Directors,

3,41,230 No. Of Equity Shares Allotted As Rights As On 28.3.89. 19,50,000 Shares

Issued As Bonus (6,50,000 Shares In Prop. 1:1 As On 29.7.89 And 13,00,000

Shares In Prop. 1:1 As On 27.2.91).

http://en.wikipedia.org/wiki/Kotak_Mahindra_Bank#cite_note-fe-3



http://en.wikipedia.org/wiki/The_Brand_Trust_Report

http://en.wikipedia.org/wiki/The_Brand_Trust_Report





6

1991

- An Application Was Made To SEBI For Approval For Setting Up A Mutual Fund

Trust And An Asset Management Company. The Newly Set Up Corporate

Advisory Services Group Received Several Mandates For Advice On Mergers And

Acquisitions And Re-Structuring.

- The Company's Newly Established Foreign Exchange Risk Management Service

Carters To The Vast Potential Demand For Price Risk Management. The Company

Established Itself As A Major Leasing And Hire-Purchase Company And As A

Source Of Finance For Purchasers Of Automobiles.

1992

- In January, The Company Offered And Allotted 15,50,000 - 14% Secured Partly

Convertible Debentures Of Rs90 Each For A Total Value Of Rs13.95 Crores In The

Following Manner: (I) 2,00,000 Debentures To Promoters, Directors, Etc. (Ii) 77,500

Debentures To Employees (Including Working Directors)/Workers On Preferential

Basis (Iii) 12,72,500 Debentures To Indian Public Through Prospectus.

- Additional 30,000 Debentures To Promoters, Directors, Etc., 9,500 Debentures

To Employees And 1,93,000 Debentures To Indian Public Were Allotted To Retain

Oversubscription.

- As Per The Terms Of Debenture Issue, A Portion Of Rs45 Of Each Debenture Of

Rs90 Was To Be Converted Into 1 Equity Share Of Rs10 Each At A Premium Of

Rs35 Per Share As On The Date Of Allotment Of The Debentures. Accordingly17,82,500 No. Of Equity Shares Allotted As On 25th February, 1992, Being The

Date Of Allotment Of The Debentures. The Non-Convertible Portion Of Rs45 Of

Each Debenture Would Be Redeemed At Par In Three Equal Installments Of Rs15,

Rs15 And Rs15 At The End Of The 7th, 8th And 9th Year Respectively From The

Date Of Allotment Of The Debentures.

In April, The Company Has Raised Rs. 18 Crores By Issue Of Commercial Paper

Which Has Been Awarded P1 + Rating By Credit Rating And Information Services

Of India Limited (CRISIL) Indicating Highest Standards Of Safety.




7

1993

- During February, The Company Issued 69,82,500Rights Equity Shares Of Rs10

Each At A Premium Of Rs15 Per Share In Proportion 1:1 (All Were Taken-Up).

Additional 13,950 Shares Were Allotted To Those Who Had Applied For Additional

Shares.

-The Company Issued Through A Prospectus 44,00,000No. Of Equity Shares Of

Rs10 Each For Cash At A Premium Of Rs140 Per Share Of Which The Following

Were Reserved For Allotment (I) 1,30,000 Shares To Promoters, Directors, Their

Relatives Etc., (Ii) 25,000 Shares To Foreign/Indian Financial Institutions (All Were

Taken Up). Of The Remaining 50,000 Shares Reserved For Allotment On A

Preferential Basis To Employees (Only 34,600 Shares Taken Up). Another 5,55,000

Shares To NRI's Were Reserved On Non-Repatriation Basis (All Were Taken Up).

- Balance 36,40,000 Shares, Along With 15,400 Shares Not Taken Up By

Employees', Were Offered For Public Subscription.

- At The 8th Annual General Meeting Held On 28th September The Company Has

Reserved 61,22,000No. Of Equity Shares Of Rs10 Each For Cash To Be Allotted At

Such Issue Price As May Be Decided By The Board To Foreign Institutional

Investors And/Or, Foreign And/OrIndian Pension And/or Mutual And/or Other

Funds And/OrInstitutions, Banks, Companies, Bodies And/Or Individuals

And/OrGroups Of Individuals.

- The Company's Newly Set Up Corporate Advisory Services Group Received

Several Mandates For Advice On Mergers And Acquisitions And Re-Structuring

And Some Have Already Been Executed With Success.

1994

- The Company Entered Into A Memorandum Of Understanding With KB Currency

Advisors Inc. USA To Market Their Foreign Exchange Fund Management

Programme.

- 183,65,500Rights Equity Shares Issued In Prop. 1:1. 11,800 No. Of Equity Shares

Forfeited.

- The Company Has Received The Approval Of Securities And Exchange Board Of

India (SEBI) For Setting Up A Mutual Fund.




9

- The Company's Public Issue Of 400000 16-17% Secured Redeemable Non-

Convertible Debentures Of Rs.2500 Each For Cash At Par Aggregating Rs.100

Crores In January. 1997

- In Recognition Of The Company's Prudent Funds Management, CRISIL Has

Assigned A Rating Of AA+ To The Company's Public Issue Of Non-Convertible

Debentures And P1+ For All Short Term Borrowings UptoRs.35000 Lakhs.

- Kotak Mahindra Finance Ltd, Has Decided To Venture Into Health Insurance

Business.

- Kotak Mahindra Finance Has Launched A New Consumer Finance Product

Called Kotak Mahindra K-Value.

- HamkoIs A 100 Per Cent Subsidiary Of KMFL And Investment In It Was

Structured To Avoid Limitations Of Section 372 Under The Companies Act.

- The Company Has Diversified Into Various Activities For Which It Has Set Up

Subsidiaries Including Broking, Capital Market Activities, Auto Finance, Etc.

1998

- Kotak Mahindra Asset Management Company Limited (KMAMCL) Launched Its

Mutual Fund Schemes In December.

- The Company It Would Launch Its Mutual Fund With Two Schemes -- KgiltUnit

Scheme And K30 Unit Scheme.

- Kotak Mahindra Finance, Is A Joint Venture With Goldman Sachs.

1999

- The `FAA' (Pronounced `F Double A') Rating Assigned To The Fixed DepositProgramme Of Ford Credit Kotak Mahindra (FCKM) Has Been Reaffirmed.

- With The Allotment To The Company Of 50,000 Equity Shares Of Rs. 10 Each By

Kotak Mahindra Trustee Company Limited (KMTCL) On 12th May.




10

2000

- Kotak Mahindra Finance Ltd (KMFL) And Chubb Corporation Of The US Have

Decided To Call Off Their Joint Venture For Entering The General Insurance

Business In India.

- The Company Has Decided To Set Up A Venture Capital Fund With An Initial

Corpus Of Rs. 100 Crore.

- KMFL Has Set Up A New Asset Reconstruction Division To Offer Recovery

Management Services To Players In The Financial Services Industry.

- The Company Issue Of 91,82,500No. Of Equity Shares Of Rs. 10/- Each For Cash

At A Premium Of Rs. 90/- Per Share Aggregating Rs. 91,82,50,000 To The Equity

Shareholders Of The Company On Rights Basis In The Ratio Of One Equity ShareFor Every Our Equity Shares Held On 15th February.

- Mr. K.K. ShethHas Resigned Effective From May 8.

- Kotak Securities An Affiliate Of Kotak Mahindra Finance Ltd., Has Launched

Electronic Broking Services For Retail Investors.

- Kotak Mahindra Finance Is In Talks With Foreign Insurers For A Joint Venture In

The Life Insurance Business.

- The Company Has Proposed To Start-Up Capital Of Rs150 Crore In Its Life

Insurance Joint Venture With Old Mutual, The UK Based Financial Services

Group.

The Company Proposes To Make The Necessary Applications To The RBI And

The Insurance Regulatory And Development Authority For Entering The Life

Insurance Business.

- OM Kotak Mahindra Life Insurance Company, The Recently Formed Joint

Venture Company Of Kotak Mahindra Finance and Old Mutual Plc Has Filed TsApplication For Approva Of Life Insurance License On 1st September.

- Kotak Mahindra Finance Ltd Has Been Assigned In AAA Rating (Indicating

Highest Credit Quality) For Its Rs.510 Million Medium Term Borrowing

Programme.




11

- Fitch India Has Assigned A Rating Of In AAA To The Rs51-Crore Medium Term

Borrowing Program Of Kotak Mahindra Finnance Ltd For High Credit Quality And

Negligible Risk Factor. 2001

- The Company Recommended A Swap Ratio Of 25 Shares Of KMFL For Every

Share Of Pannier TradingsWhich Has A 75 Per Cent Equity Stake In Kotak

Securities.

- The Bharath Petroleum Corporation Ltd (BPCL) Has Decided To Part Ways With

Kotak Mahindra, One Of The Leading Domestic Financial Services Company, In

Its Convenient Store Venture In &Out.

2002

-KMFL's Business Has Seen A Fast Growth With The Total Disbursement OfCommercial Vehicle Loan Of The Company In The Last Fiscal Was Tuned To Rs.

250cr.

-RBI Has Given In-Principle Approval To Kotak Mahindra Finance Ltd To Convert

Itself Into A Bank, Thereby Becoming The First Ever Non-Banking Finance

Company Converted Into A Bank.

-Mr Uday Kotak Says, There Won't Be Any Fresh Capital Infusion In The Bank In

The Near Future.

-KMFL Informed BSE The FITCH Ratings Assigned: Fixed Deposit Programme- In

AAA Non-Convertible Debenture - In AAA

-Mr.Ajay Sondhi Has Been Appointed As The Additional Director Of Kotak

Mahindra Finance Ltd.

-Kotak Mahindra Finance Company Has Shortlisted I-Flex Solutions 'Flexi cube'

And 'Infosys', 'Finnacle' For Its Core Banking Solutions.

-KMFL Has Raised 76.22cr By Selling Securitized Commercial Vehicle Loans To

Investors.

-CRISIL Has Assigned 'AAA(SO)' Rating For Rs.83cr Securitisation Programme Of

Kotak Mahindra Finance Ltd.




12

-Mr.Uday Kotak Has Been Appointed As The Executive Vice Chairman And

Managing Director Of The Company.

-Kotak Mahindra Finance Ltd Has MobilisedRs.104.89cr , Asset-Backed

Securitization Of Commercial Vehicle Receivables.

-Business Standard And Business Standard Digital Have Ceased To Be The

Subsidiaries Of Kotak Mahindra Finance Ltd.

-Mr.CJayaram And Mr. Dipak Gupta Are Appointed As Whole Time Directors On

The Board Of Kotak Mahindra Finance Ltd.

2003

-Madison Communications Has Won The Rs.30cr Kotak Mahindra's Media AORAccount.

-The Proposal Of Changing The Name From 'Kotak Mahindra Finance Ltd' To

'Kotak Mahindra Bank Ltd' And The Proposal To Change The AuthorisedCapital

From 100,00,00,000 Divided Into 10,00,00,000 Equity Shares Of Rs.10 Each Has

Been Approved By The Company Shareholders.

-RBI Has Granted License To Kotak Mahindra Finance Ltd To Embark On Its

Banking Business.

-O &M Has Got The Creative Account Of Kotak Mahindra Bank, And Has Said To

Be Working Professionally.

-Kotak Mahindra Bank Has Received A Lot Of Interest From Portfolio Investors,

Private Equity Investors And Potential Strategic Investors.

-Kotak Mahindra Bank Has Entered Into An ATM Sharing Agreement With UTI

Bank, Which Would Allow KMB's Customer Free Access To Around 800 ATM's.

-Kotak Mahindra Bank Has Started Its Operations In New Delhi By Inaugurating A

Branch Cannaught Place Office.

-Dr.Shankar Acharya Has Been Appointed As The Additional Director To The

Board Of The Bank.




13

-The Board Of Kotak Mahindra Bank Ltd Accepts The Resignation Of Mr.S.A.A

Pinto And Mr.M.R PunjaAs The Directors Of The Bank.

-Kotak Mahindra Investment Co Ltd. PCC A Subsidiary Of Kotak Mahindra Capital

Company Has Constituted Itself From A Private Company To A Public Limited Co.

And Has Changed Its Name To 'Global Investment Opportunities Fund Ltd'.

-Kotak Mahindra Bank Has Unveiled Several Home Finance Products Options

Which Includes Home Loan, Home Equity Loan, Home Loan Transfer And Home

Improvement Loans.

--Kotak Mahindra Bank Launches Online Remittance Services Called, Funds to

home For Non-Resident Indians.

-In ReponseTo The Repo Rate Cut By Thebe, The Kotak Mahindra Bank HasReduced Its Lending Rates

In Home Loans.

-Kotak Mahindra Bank Limited Has Informed That The Equity Shares Of The Bank

Have Been Delisted From The Delhi Stock Exchange Association Ltd W.E.F

December 10, 2003.

2004

-Kotak Mahindra Bank Limited Has Informed That The Bank's Equity Shares Will

Be Delisted From The Stock Exchange, Ahmedabad With Effect From January 20,

2004.

-Kotak Mahindra Bank Sets Up Branch In Surat

-Kotak Mahindra Mutual Fund Has Launched Kotak Opportunities, An Open-

Ended Equity Growth Scheme

-Kotak Mahindra Bank Inks Pact With Reuters




14

2005

-Kotak Mahindra Bank Purchases Stressed Assets Worth Rs1,000 Cr

-Kotak Bank Join Hands With Indianngos.Com

-Kotak Mahindra Bank Invests Rs25 Cr In BFW

-Kotak Mahindra Bank Has Given The Bonus In The Ratio Of 3:2

2006

-Kotak Mahindra Joins Hand HDFC Bank To Share Atms.

-Kotak Mahindra To Buy Out Goldman Sachs' Stake In Jvs

-Kotak Mahindra Bank Sets Up Branch In Valsad

-Kotak Mahindra Subsidiary Acquires Ford Credit's Auto Portfolio

2007

-Kotak Mahindra Bank Launches Home Banking, Improves Banking Experience

-Kotak Mahindra Bank Launches Salary 2 Wealth

-Kotak Mahindra Bank Launches Kotak Gold Debit Card

-Kotak Mahindra Bank Ties Up With Taxshax.Com, Simplifies Filing Of IT Returns

2008

- Kotak Mahindra Bank Launched Credit Cards For Its Customers.




15

2009

-KotakEntered Into Tie Up With Russia's Top Investment Bank

-Kotak Mahindra Bank Wins IT Team Of The Year For 3rd Consecutive Time At

The Banking Technology Awards 2008

2010

-Kotak Mahindra Bank Has Launched A Credit Card Called Kotak Trump Card

That Offers 10% Cash Back On Dining As Well As Movie And Play Spends.

-Kotak Mahindra Bank (KMB) Has Introduced Stock Ace, A New Product Offering

For Individual Customers Which Provides Them The Power Of Instant Liquidity.

-Company Has Splits Its Face Value Of Shares From Rs10 To Re 1

2011

-Kotak Bank Opens 300th Branch

-Kotak Mahindra Bank Launches Interbank Mobile Payment Service

2012

-Kotak Mahindra Bank Has Implemented The Advanced Core Banking Platform

Finacle10 Universal Solution Across 355 Bank Branches In Association With The

IT Bellwether Infosys.




16

CHAPTER 5

FINANCIAL PRODUCTS AND SERVICES

1. Saving Account

2. Current Account

3. Reccuring Deposit Account

4. Tax Saving Deposit

5. Safe Deposit Lockers

1. SAVINGS ACCOUNTS

Ace Saving Account

Edge Savings Account

Pro Savings Account

Classic Savings Account

Nova Savings Account




17

Ace Saving Account

Ace Saving Account Is A Power Packed Saving Account That Gives You TheAdditional Advantage Pf Banking And Financial Benefits For Free.LetKotak Ace

Savimg Account Take Care Of All Your Savings & Investment Requirement And

Ensure That You Always Get Greater Financial Flexibility. With This Exclusively

Designed Saving Account You Get Access To Many Premium Saevices. So,Make

Your Money Work Harder By Converting A Part Of Your Savings Into Fixed

Deposits Or Get Add-On Debit Cards For Your Loved Ones At No Extra Cost

Benefits

Average Monthly Balance (AMB) Of Rs. 50,000/-

Earn Up To 6% Interest On Your Savings Account Balance

Extended Debit Card Withdrawal Limit Of Rs. 2 Lakh Per Day Through ATM

/ POS

Three NMC Waived Edge Savings Accounts For Family Members

Free Access To All Domestic And International VISA Atms

Free Platinum International Debit Card Free Add-On Platinum International Debit Card

Free Net Banking, Mobile Banking And Phone Banking

Free Cash Withdrawals At Other Domestic Atms

Free Home Banking

http://www.kotak.com/personal-banking/savings-accounts/edge-savings-account.html

http://www.kotak.com/personal-banking/cards/global-debit-cards.html






18

EDGE SAVINGS ACCOUNT

Edge Savings Is A Straightforward Savings Account That Combines The Best Of

Regular And Privileged Banking To Give You Many Banifits With Limited Premium

Services. Designed To Suit The Requirements Of The New-Age

Professional,Kotak Edge Saving Account Gives You A Little Bit Extra Than A

Regular Savings Account. So,Enjoy Free Access To All Domestic Visa Atms Or

Carry-Out Neft Transaction From Your Phone, All With One Savings Account.

Benefits



Free Access To All Domestic VISA Atms, Up To Five Transactions PerMonth

Classic Debit Card With High Limits.

Free At-Par Cheque (Up To 25 Leaves Per Quarter)

Free Phone Banking, Net Banking And Mobile Banking

Free NEFT (Only Through Net Banking

Free IMPS

Free Cash Withdrawals At Kotak Bank Atms

KotakActivmoney - Converts Savings Account Balance Above A Certain

Amount Into Term Deposits, So You Earn A Higher Rate Of Interest






19

PRO SAVINGS ACCOUNT

Multiple Benefits And Free Premium Banking Services Of A High-End SavingsAccount Now Come At A Much Lesser AMB. This Account Is Suitable For Those

Who Are Interested In Availing Of Banking Benefits, As Well As Taking AdvantageOf Additional Free Services.

Average Monthly Balance (AMB) Ofrs. 20,000/- Earn Up To 6% Interest On Your Savings Account Balance

Benefits



One NMC Waived Edge Savings Account For Your Family Member

Free Access To All Domestic VISA Atms

Free Platinum International Debit Card For The First Year

Free Net Banking, Mobile Banking And Phone Banking

Free Cash Pick-Up / Delivery (5 Calls Per Month)

Free Instrument Pick-Up / Delivery (5 Calls Per Month)

Free NEFT Through Netbanking

Free Cash Withdrawals From Any KotakBranch Across India

http://www.kotak.com/personal-banking/savings-accounts/pro-savings-account.html


http://www.kotak.com/personal-banking/convenience-banking/phone-banking.html



http://www.kotak.com/personal-banking/savings-accounts/pro-savings-account.html




20

CLASSIC SAVINGS ACCOUNT

An Account Packed With Great Features To Provide You A Superior Banking

Experience At A Very Comfortable Balance Requirement. Experience Priority

Services From Your Relationship Manager And Take Care Of Your Banking And

Investment Needs With The Kotak Classic Saving Account.

Benefits



One NMC Waived Nova Savings Account For Your Family Member

Free Access To All Domestic VISA Atms Free Net Banking, Mobile Banking And Phone Banking

Free Cash Pick-Up / Delivery (5 Calls Per Month)

Free Instrument Pick-Up / Delivery (5 Calls Per Month)

Free NEFT Through Netbanking

Free Cash Withdrawals From Any KotakBranch Across India

Free Cash Withdrawals At Other Domestic Atms

http://www.kotak.com/personal-banking/savings-accounts/classic-savings-account.html










21

NOVA SAVINGS ACCOUNT

A Complete Financial Package Customized To Meet Regular Banking Needs,

KotakNOVA Savings Account Ensures Faster And Secure Access WithConvenience Banking.Let Your Personal Banking Experience Move A Step Closer

To You With An Account That Gives You Exactly What You Want

Invest In Market Instrument, Shop Online, Pay Utility Bills And Do Much Through

Your Phone, On Mobile, Internet, ATM Or Branch.

Benefits


Earn Up To 6% Interest On Your Savings Account Balance1

Free Access To All Domestic VISA Atms, Up To Five Transactions Per

Month2

Classic Debit Card With High Limits.

Free At-Par Cheque (Up To 25 Leaves Per Quarter)

Free Phone Banking, Net Banking And Mobile Banking

Free NEFT (Only Through Net Banking)

Free IMPS

Free Cash Withdrawals At Kotak Bank Atms

KotakActivmoney - Converts Savings Account Balance Above A Certain

Amount Into Term Deposits, So You Earn A Higher Rate Of Interest

http://www.kotak.com/personal-banking/savings-accounts/nova-savings-account.html








22

2. Current Account

ACE CURRENT ACCOUNT

An Premium Current Account With Maximum Benefits And Features For LargeBusiness And Enterprises.

Benefits

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 Access At All Domestic And International VISA Atms With Kotak

Business Platinum Debit Card Free Unlimited Demand Drafts Payable At Kotak Bank Branch Locations

Free Demand Drafts Up To Rs. 30 Lac Per Month Payable At Non Kotak

Bank Branch Locations

Free Cheque Payments And Collection Anywhere In India

Free Cheque Collection Through Speed Clearing

Free Home Banking Service - Cash/ChequePickup And Delivery, At Your

Call

Free Beat Service - Daily Visits To Home Or Office For Cheque Pickup And

Deposit In Your Account

Free Multi-City Cheque Books (At Par Cheque Books)

http://www.kotak.com/personal-banking/cards/global-debit-cards/business-powercard.html

http://www.kotak.com/personal-banking/cards/global-debit-cards/business-powercard.html




23

ELITE CURRENT ACCOUNT

Elite Current Account Is Suitable For A Medium To Large

Business/Enterprises.Now Enjoy Several Banking Benefits And Features At A

Comfortable Balance Requirement

Benefits

Average Quarterly Balance (AQB) Of Rs. 1 Lac

Free Demand Drafts Payable At Kotak Bank Branch Locations (Up To 100

Per Month)

Free Demand Drafts Up To Rs. 10 Lac Per Month Payable At Non Kotak

Bank Branch Locations

Free ChequePayments And Collection Anywhere In India Free Cheque Collection Through Speed Clearing

Free Multi-City Cheque Books (At Par Cheque Books)

Free Cash Deposit2 And Withdrawal At Home Branch Location

Free Cash Deposit At Non-Home Branch Locations Up To Rs. 3 Lac Per

Month

Free Cash Withdrawal At Non-Home Branch Locations Up To Rs. 1 Lac Per

Day

Free Home Banking Service - Cash/Cheque Pickup And Delivery, At Your

Call




24

PRO CURRENT ACCOUNT

Presenting A Current Account That Offers You Multiple Banking Benefits WithManageable Balance Requirement. With Pro Account, You Can Access A RangeOf Privileged Banking Services Required For A Growing Business/Enterprise.

Benefits

1. Average Quarterly Balance (AQB) Of Rs. 50,000/-

2. Free Demand Drafts Payable At Kotak Bank Branch Locations (Up To 50

Per Month)

3. Free Cheque Payments And Collection1 Anywhere In India

4. Free Cheque Collection Through Speed Clearing

5. Free Multi-City Cheque Books (At Par Cheque Books)

6. Free Cash Deposit3 And Withdrawal At Home Branch Location

7. Free Cash Deposit At Non-Home Branch Locations Up To Rs. 1 Lac Per

Month

8. Free Cash Withdrawal At Non-Home Branch Locations Up To Rs. 50,000/-

Per Day

9. Free Home Banking Service – Cash/ChequePickup And Delivery, At Your

Call

10. Free Beat Service – Daily Visits To Home Or Office For Cheque Pickup And

Deposit In Your Account




25

EDGE CURRENT ACCOUNT

An Efficient Package Of Banking Seavices That Delivers That More Than YouExpect Of Current Account. This Account Suits A Small Or Medium

Business/Enterprise Looking To Maintain A Lower Balance Requirement While

Enjoying A Well Defined Set Of Banking Benefits

Benefits

1. Average Quarterly Balance (AQB) Of Rs. 25,000/-

2. Free Demand Drafts Payable At Kotak Bank Branch Locations (Up To 25 PerMonth)

3. Free Cheque Payments And Collection1 Anywhere In India

4. Free Cheque Collection Through Speed Clearing

5. Free Multi-City At Par Cheque Book (Up To 1 Per Month)

6. Free Cash Deposit2 And Withdrawal At Home Branch Location

7. Free Cash Deposit At Non-Home Branch Locations Up To Rs. 50,000/- Per

Month

8. Free Cash Withdrawal At Non-Home Branch Locations Up To Rs. 25,000/- Per

Day

9. Free NEFT And RTGS Through Net Banking

10. Free Business Power Gold Debit Card With Enhanced Daily

Purchase Rs. 175000/- And ATM Cash Withdrawal Limit Of Rs. 25,000/-






26

NEO CURRENT ACCOUNT

Presenting An Account With The Lowest Balance Requirement And Features That

Can Make A Tremendous Difference To Na Newly Set Up Or A Growing Small

Business/Enterprise.

Benefits

Average Quarterly Balance (AQB) Of Rs. 10,000/-

Free Cheque Payments And Collection1 Anywhere In India


Multi-City At Par Cheque Book (First Cheque Book Is Free)

Free Cash Deposit2 And Withdrawal At Home Branch Location

Free NEFT And RTGS Through Net BankingFree Business Power Gold Debit Card With Enhanced Daily

Purchase Rs. 175000/- And ATM Cash Withdrawal Limit Of Rs. 25,000/-

Free 24x7 Net Banking, Mobile Banking, Phone Banking And SMS Banking

Balance Alerts / Transaction And Value Added Alerts Through SMS At

Nominal Charge (Alerts Through Email Are Free)

KotakActivmoney – Convert Current Account Balance Above Certain

Amount Into Term Deposits So You Earn Attractive Returns On Your Idle

Balances


http://www.kotak.com/sme-banking/convenience-banking/phone-banking.html

http://www.kotak.com/personal-banking/accounts/term-deposits.html

http://www.kotak.com/personal-banking/accounts/term-deposits.html

http://www.kotak.com/sme-banking/convenience-banking/phone-banking.html





27

GLOBAL TRADE CURRENT ACCOUNT

Presenting The Kotak Global Trade Current Account,Power-Packed WithExclusive Features That Can Make A Tremendous Difference To The Way You DoBusiness.

Benefits

A Dedicated Team Of Well Experienced Officers In Trade And Forex

Wide Network Of Branches Covering All Major Locations/Industrial

Clusters

Large Network Of Correspondent Banking Relationship Across The Globe

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




28

TRADER PRO CURRENT ACCOUNT

A Current Account Designed Specifically For The Retailers / Wholesalers / TextileTraders By Understanding Your Business Transaction Needs.

Benefits

Average Quarterly Balance (AQB) Of Rs. 50,000.

Fungible Free Cash Deposit Limit To Enable You To Deposit Cash

Across Any Of The Branches Spread Across India.

Free Combined Monthly Cash Deposit Limit At Home And Non Home

Location Of Rs. 10 Lacs Per Month Or 8 Times The Previous Months

Average Credit Balance, Whichever Is Higher.

Free Cash Withdrawal At Home Branch Location.

Free Cash Withdrawal At Non Home Branch Location Of Rs. 50,000 PerDay.

Free Local And Anywhere Cheque Collection Facility.


Free 10 Outward ChequeReturn Charges Per Month

Free 100 Payable At Par Cheque Leaves Per Month

Free RTGS Collections And Payments




29

TRADER CLASSIC CURRENT ACCOUNT

A Current Account Designed Specifically For The Retailers / Wholesalers / TextileTraders By Understanding Your Business Transaction Needs.

Benefits

Average Quarterly Balance (AQB) Of Rs. 10,000.

Fungible Free Cash Deposit Limit To Enable You To Deposit Cash Across

Any Of The Branches Spread Across India.

Free Combined Monthly Cash Deposit Limit At Home And Non Home

Location Of Rs. 10 Lacs Per Month Or 8 Times The Previous Months

Average Credit Balance, Whichever Is Higher.

Free Cash Withdrawal At Home Branch Location.

Free Cash Withdrawal At Non Home Branch Location Of Rs. 10,000 Per

Day.

Free Local And Anywhere Cheque Collection Facility.


Free 10 Outward Cheque Return Charges Per Month

Free 50 Payable At Par Cheque Leaves Per Month

Free Rtgs Collections And Payments




30

ACE SALARY ACCOUNT

An Account That Packs A Range Of Premium Solutions Designed To Meet TheRequirements Of Professionals Looking For Wealth Benefits Within Salary

Account.

Benefits

Free Zero Balance Account (Subject To Salary Credits) Earns 6% Interest

Per Annum On Your Savings Balances Over Rs. 1 Lac And 5.5% Interest

Per Annum On Your Balances Up To 1 Lac1

Activmoney: Earn Higher Interest On Funds Lying Idle In Your Savings

Account With Auto Sweep-In / Sweep-Out Facility

Free Electronic Fund Transfer

Unlimited Value Demand Draft At Home Location And Delivered ToRegistered Communication Address

Unlimited Visa Atm Transactions At All Atm's In India

Platinum Debit Card With Rs. 2 Lakhs Cash Withdrawal / Shopping Limit

Per Day

2.5% Fuel Surcharge Waiver At Any Petrol Pump1

Lost Card Liability Insurance Of Rs. 2 Lakhs

Lost Baggage Insurance Of Rs. 1 Lac

Personal / Home Loans At Preferred Rates With Reduced Processing Fee






31

REGULAR TERM DEPOSITS

A Regular Term Deposit Lets You Decide When You Want The Interest On YourPrinciple Money

You Can Book A Term Deposit With An Interest Payout Frequency Which Suites Your RequirementI.E.Monthly Or Quarterly And You Can Also Keep It Invested Till Maturity.

FetureAnd Benefits

Attractive Interest Rates

Make A Deposit Of As Low As Rs. 10,000/- ( Rs. 25,000/- For New Customer)

Booking Period – 7 Days To 10 Years1

Choose To Receive Interest Monthly, Quarterly Or Keep It Invested Till

MaturityKotak Bank Customers Can Book Term Deposits Online Through Net

Banking

Partial/Premature Withdrawal Of Term Deposit Is Permitted.

Nomination Facility Is Available

Liquidity Through Sweep-In Facility

Flexibility To Keep Your Financial Portfolio Diversified

Avail Overdraft Facility Against Term Deposit

http://www.kotak.com/personal-banking/term-deposits/regular-term-deposits.html#product_interest_rate





32

SENIOR CITIZEN DEPOSITS

To Facilitate Senior Citizen With Maximum Returns Over Term Deposits,Kotak

Mahindra Bank Offers Special Rates On These Deposits.All Resident Indians

Individuals,Above 60 Years Of Age Can Avail Benefits Of This Scheme.New

Customers Need To Submit A Valid Age Proof Along With The Application.

Book A Kotak Senior Citizen Deposits For Safe And Steady Return Whenever You

Want i.e. Monthly Or Quarterly.You Can Also Keep It Invested Till Maturity.

Feature And Benefits


Make A Deposit Of As Low As Rs. 10,000/- ( Rs. 25,000/- For New Customer)

Booking Period – 7 Days To 10 Years1

Choose To Receive Interest Monthly, Quarterly Or Keep It Invested Till

Maturity

Kotak Bank Customers Can Book Term Deposits Online Through Net

Banking

Partial/Premature Withdrawal Of Term Deposit Is Permitted.


Liquidity Through Sweep-In Facility

Flexibility To Keep Your Financial Portfolio DiversifiedAvail Overdraft Facility Against Term Deposit

http://www.kotak.com/personal-banking/term-deposits/senior-citizen-deposits.html#product_interest_rate

http://www.kotak.com/personal-banking/term-deposits/senior-citizen-deposits.html#product_interest_rate




33

3. RECURRING DEPOSIT

A Small Saving Made Every Month Can Bring You One Step Closer To Your

Dreams.Make The Smarter Choice, Save With Kotak Recurring Deposits And

Maximize The Returns From Your Saving.

Benefits

Make Savings A Habit With Monthly Investment Amounts As Low

As Rs. 100/-

Enjoy Easy Payment Options From Your Savings Account

No Tds Applicable On Recurring Deposits

Simple, Safe & Risk Averse Investment Options

A Small Saving Made Every Month Can Bring You One Step Closer To Your

Dreams.Make The Smarter Choice, Save With Kotak Recurring DepositsAnd Maximize The Returns From Your Saving.

SWEEP-IN FACILITY

The Sweep-In Facility Enables You To Link Your Existing Term Deposit To Your

Current Or Saving,Which Can Be Utilized In Case Of An Emergency ,Wherein The

Shortfall In Your Account Is Swept In From Your Linked Term Deposit In The

Units Of Rs.1/- Thereby Giving You The Convenience Of Getting Payments

Processed With Ease Ensuring Complete Peace Of Mind

Benefits

Enjoy Liquidity By Linking Your Term Deposit To Savings Account Or

Current Account

Earn Applicable Interest On The Money Till It Is Swept-In The Account,

While The Remaining Term Deposit Amount Will Fetch You Interest Of

Term Deposit At The Contracted Rate

Only An Exact Amount Required To Make Up For The Deficit In The

Account Is Withdrawn From Your Term Deposit In The Units Of Rs. 1/-,Thereby Giving You The Convenience Of Getting Payments Processed With

Ease Ensuring Complete Peace Of Mind

Only The Principal Amount Of The Term Deposit Will Be Considered For

The Sweep-In Facility

Multiple Term Deposits Can Be Linked To Your Savings Account

Avail Overdraft Facility Against Term Deposit

http://www.kotak.com/personal-banking/savings-accounts.html





34

4. TAX SAVING DEPOSITS

Save Tax Along With Great Returns Over The Investment InKotak Mahindra

Bank‟s Tax Saving Term Deposits. The Savings Products Are Available To

Resident Individuals Above The Age Of 60 Years

Benefits


Choose To Receive Interest Quarterly, Or Keep It Invested Till Maturity

Save Tax On An Amount Between Rs. 100/- To Rs. 1 Lakh In Multiples

Of Rs. 100/-

Booking Period – Minimum 5 To Maximum 10 Years

Interest Rates For Tax Saving Tds For General Customers As Well AsSenior Citizens Are Applicable As Per Their Normal Schedule


Partial Withdrawal / Premature Withdrawal Is Not Allowed

TDS Will Be Applicable As Per Existing Guidelines

http://www.kotak.com/personal-banking/term-deposits/tax-saving-deposit.html#product_interest_rate

http://www.kotak.com/personal-banking/term-deposits/tax-saving-deposit.html#product_interest_rate




35

ACE DEPOSITS

Ace Deposit Is A Composite Product, Where Monthly Interest Earned On Term

Deposit Is Invested I An Equity Mutual Fund, By Way Of Systematic Investment

Plan Through Standing Instructions Placed On The Savings Accounts.

Benefits


Protection Of Principal: Ensures Safety Of Principal Amount Of Term

Deposit

Potential Of Higher Returns: Interest From Term Deposit Is Invested In

Equity Mutual Fund Thus Having Potential Of Earning Higher Returns

Tax Arbitrage: Earnings From Equity Fund Are Tax Free If Redeemed After1 Year From The Date Of Investment

Rupee Cost Averaging: Investment On A Regular Basis Counters Volatility

Of Equity

Automated Sip Funding: Monthly Interest Payout Credited In Casa Is

Invested In Equity Mf Through Si Convenience

Ease And Convenience Of Operation


Choice To Select The Equity Mf Scheme

Available For Resident Individual, Nro And Non-Individual Customers





http://www.linkedin.com/company/kotak-mahindra-bank

https://www.facebook.com/KotakBank

https://www.facebook.com/KotakBank




36

5. SAFE DEPOSIT LOCKERS

Get Peace Of Mind With Kotak Mahindra Bank‟s Safe Deposit Lockers - Our

Banking Service Providing Security To Your Precious Jewellery, Document And

Other Valuables

Benefits

Payment: You Can Instruct The Branch To Debit The Annual Locker Rent

From Your Savings/Current Account.

Nomination Convenient Locker Sizes: Choose From A Range Of Options -

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 Facility: You Can Nominate Your Close Ones For Safe Deposit

Lockers.

What Can You Store In Our Locker?

Property Documents,Jewellery ,Loan Documents,Birth/Marriage

Certificate,SavingsBonds,InsurancePolicies,Other Confidential And Private Items

Which Need Safekeepings Can Be Stored In Our Lockers

What Cannot Be Stored In The Locker?

Chemical,Weapons,Explosive,PerishableItems,Narcotics,And Other Such

Dangerous/Illegal Items Are Not Allowed To Be Stored In Safe Deposit Lockers




37

DEBIT CARD

Infinite Debit Card

Signature Debit Card

Privy League Platinum Debit Card Platinum Debit Card

INFINITE DEBIT CARD

Get Access To A Host Of Premium Services With Kotak Infinite Debit Card. Enjoy

Exclusive Deals And Discounts At Merchant Outlets In Categories Such As

Lifestyle, Fine Dining, Travel, Health & Fitness And More


Higher Daily Transaction Limits - Daily Purchase Limit Of Rs. 5 Lakhs And

Daily Atm Cash Withdrawal Limit Of Rs. 4 Lakhs

Priority Pass1 To Relax In More Than 600 Most Luxurious Vip Airport Lounges

In Over 100 Countries And 300 Cities Worldwide. This Is The World's Largest

Airport Lounge Access Program.

Lost Card Liability Insurance Of Rs. 5 Lakhs.The Insurance Covers Any

Misuse Up To 30 Days Prior To Reporting Of The Lost Card And 7 Days After

Reporting.

Complimentary Air Accident Insurance Cover Of Rs. 50 Lakhs

Complimentary Lost Baggage Insurance Of Rs. 1 Lakh

Enjoy Fuel Surcharge Waiver (Currently 2.5%) Every Time You Pay For Petrol

At Any Petrol Pump Across The Country

Free Access At All Merchant Establishments And Atms That Accept Visa

Cards In India And Abroad2

Purchase Protection For All Consumer Durable Goods Purchased Using Your

Infinite Debit Card Are Insured Against Fire, Burglary And Housebreaking Up

To 60 Days From The Date Of Purchase. You Will Be Eligible For PurchaseProtection Up To Rs. 1.50 Lakhs.

Enjoy Such As Organizing A Flight To Paris, Recommending A Restaurant In

Hong Kong, Arranging For Opera Tickets In Milan Or Even Suggesting A

Reliable Dry Cleaner Away From Home, Are Just Some Of The Services

Available. Simply Call The Visa Platinum Customer Centre (Vpcc) Which Is

Manned By Professionals 24 Hours A Day, 7 Days A Week.




38

SIGNATURE DEBIT CARD

Get Access To Host Of Premium Services With Kotak Signature Debit Card.Enjoy

Exclusive Deals And Discounts At Merchant Outlets In Categories Such As

Lifestyle,FineDining,Travel,Health& Fitness And More



Daily Atm Cash Withdrawal Limit Of Rs. 3 Lakhs

Priority Pass1 To Relax In More Than 600 Most Luxurious Vip Airport

Lounges In Over 100 Countries And 300 Cities Worldwide. This Is The

World's Largest Airport Lounge Access Program.

Lost Card Liability Insurance Of Rs. 4 Lakhs. The Insurance Covers Any

Misuse Up To 30 Days Prior To Reporting Of The Lost Card And 7 DaysAfter Reporting.

Complimentary Air Accident Insurance Cover Of Rs. 10 Lakhs


Enjoy Fuel Surcharge Waiver (Currently 2.5%) Every Time You Pay For

Petrol At Any Petrol Pump Across The Country

Free Access At All Merchant Establishments And Atms That Accept Visa

Cards In India And Abroad2

Purchase Protection For All Consumer Durable Goods Purchased Using

Your Signature Debit Card Are Insured Against Fire, Burglary And

Housebreaking Up To 60 Days From The Date Of Purchase. You Will Be

Eligible For Purchase Protection Up To Rs. 1.50 Lakhs.

Enjoy Such As Organizing A Flight To Paris, Recommending A Restaurant

In Hong Kong, Arranging For Opera Tickets In Milan Or Even Suggesting A

Reliable Dry Cleaner Away From Home, Are Just Some Of The Services

Available. Simply Call The Visa Platinum Customer Centre (Vpcc) Which Is

Manned By Professionals 24 Hours A Day, 7 Days A Week.

Eligibility

Kotak Mahindra Bank Privy League Signature Debit Card Is Issued To Privy

League Optima Customer Only. To Know More, Kindly Contact Your Relationship

Manager.




39

PRIVY LEAGUE PLATINUM DEBIT CARD

Get Access To A Host Of Premium Services With Kotak Privy League Platinum

Debit Card.Enjoy Exclusive Deals And Discounts At Merchant Outlets In

Categories Such As Lifestyle,Fine Dining, Travel,Health& Fitness And More


Higher Daily Transaction Limits - Daily Purchase Limit Of Rs. 2.5 Lakhs

And Daily Atm Cash Withdrawal Limit 1 Of Rs.2.5 Lakhs

Priority Pass2 To Relax In More Than 600 Most Luxurious Vip Airport

Lounges In Over 100 Countries And 300 Cities Worldwide. This Is The

World's Largest Airport Lounge Access Program.

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.Complimentary Air Accident Insurance Cover Of Rs. 20 Lakhs


Enjoy Fuel Surcharge Waiver (Currently 2.5%) Every Time You Pay For

Petrol At Any Petrol Pump Across The Country

Unlimited Access At All Merchant Establishments And Atms That Accept

Visa Cards In India And Abroad3

Purchase Protection For All Consumer Durable Goods Purchased Using

Your Privy League Platinum Debit Card Are Insured Against Fire, Burglary

And Housebreaking Up To 60 Days From The Date Of Purchase. You Will

Be Eligible For Purchase Protection Up To Rs. 1 Lakh.

Eligibility

Kotak Mahindra Bank Privy League Platinum Debit Card Is Issued To PrivyLeague Magma & Prima Customers Only. To Know More, Kindly Contact YourRelationship Manager




40

PLATINUM DEBIT CARD

Get Used To Being Pampered With A Host Of Privileged Services That Comes

With Your Kotak Platinum Debit



Daily Atm Cash Withdrawal Limit* Of Rs. 2 Lakhs

Lost Card Liability Insurance Of Rs. 2 Lakhs. The Insurance Covers Any

Misuse Up To 30 Days Prior To Reporting Of The Lost Card And 7 Days After

Reporting.

Priority Pass1 To Relax In More Than 600 Most Luxurious Vip Airport Lounges

In Over 100 Countries And 300 Cities Worldwide. This Is The World's Largest

Airport Lounge Access Program.

Complimentary Lost Baggage Insurance Of Rs. 1 Lakh Complimentary Air Accident Insurance Cover Of Rs. 20 Lakhs

Enjoy Fuel Surcharge Waiver (Currently 2.5%) Every Time You Purchase Petrol

At Any Petrol Pump Across The Country

Access At All Merchant Establishments And Atms That Accept Visa Cards In

India And Abroad2

Purchase Protection For All Consumer Durable Goods Purchased Using Your

Platinum Debit Card Are Insured Against Fire, Burglary And Housebreaking

Upto 60 Days From The Date Of Purchase. You Will Be Eligible For Purchase

Protection Up To Rs. 1 Lakh.

Eligibility

To Apply For Kotak Mahindra Bank Platinum Debit Card You Need To Hold Any Of

Thre Following Accounts With The Bank.

Resident Indians

Savings Account

Current Account

Non - Resident Indians

NRE Savings Account

NRE Current Account




41

CREDIT CARD

NRI Royale Signature CardDelight Platinum Card

Pvr Platinum Card

League Platinum Card

Corporate Platinum Card

Aqua Gold Card

Corporate Platinum Card

NRI ROYALE SIGNATURE CARD

The Nri Credit Card Can Be Applied For Against An Nre/Nro Term Deposit Of Rs. 1

Lac Or Above. The Credit Limit Offered Can Be As High As 80% Of Your Term

Deposit Amount. Other Than The Convenience It Offers To Nris And Their Family

Members, The KotakNri Credit Card Comes With A Host Of Customised Features

Features AndBenifits

2x Rewards On International Spends:

Earn 2x Rewards On Spends Outside India; I.E. Earn 2 Rewards Points For

Every Rs. 200/- Spent

Earn 1 Reward Point For Every Rs. 200/- Spent Within India

Accumulate Your Reward Points And Redeem Them Across A Host Of

Redemption Options Like Movie Tickets, Air Tickets, Airmiles, Cash And

More.

1 Reward Point = Re 1/-

Freedom To Purchase And Pay In Inr

While Traveling To India, Save The Mark-Up Fee Charged On Your Credit

Card Issued Outside India Or The Hassles Of Currency Exchange

Enjoy The Benefit Of Paying For Your Purchases, Travel And Dining In

Indian Rupees




42

Fuel Surcharge Waiver

Applicable On Transactions Between Rs500 And Rs. 3000/-

Maximum Fuel Surcharge Waiver Allowed In A Calendar Year Is Rs. 3500/-

Effective 15th April, 2013 The Conditions On Fuel Surcharge Waiver Have

Been Changed. The Revised Condition On Fuel Surcharge Waiver Are AsAbove.

Railway Surcharge Waiver

Save 1.8% Railway Surcharge Waiver For Transactions On Www.Irctc.Co.In

And 2.5% For Transactions On Indian Railways Booking Counters

Maximum Railway Surcharge Waiver Allowed In A Calendar Year

Is Rs. 500/-

Gift An Add-On Card:

Gift An Add-On Card To Your Spouse, Parents Or Children (Above 18

Years) And Extend The Benefits Of The Nri Royale Card To Your Loved

Ones

The Add-On Card Would Be Issued Irrespective Of Location Or Citizenship

Status

One-Time Fee Of Rs. 599/- Per Add-On Card Is Applicable

NRI Royale Shield:

In Case Your Credit Card Is Stolen, You Get A Cover Of Rs. 2,50,000/-

Against Fraudulent Usage Up To 7 Days Pre-Reporting. You Are Required To Immediately Call Customer Contact Centre (1800 102

6022) And Get Your Card Deactivated / Blocked To Prevent Misuse And

Register A Claim With The Insurance Company




43

DELIGHT PLATINUM CARD

Features And Benefits

10% Cash-Back On Dining

Spend A Minimum Of Rs. 10, 000 On Categories Other Than Dining And

Entertainment Within The Billing Cycle To Avail 10% Cash-Back On Dining

(Stand-Alone Outlets) Every Month

Easy Access

Anywhere: Coffee Shops | Fast Food Joints| Pizza Joint | Pubs |

Restaurants

Anytime : 365 Days

A Maximum Cash-Back Of Rs. 600 Including Both Dining & EntertainmentTransactions Will Be Given In A Monthly Billing Cycle. Dining & Movie

Transactions Up To Rs. 4000 Are Eligible For Cash-Back. Cash-Back For A

Particular Billing Cycle Will Be Credited In The Next Month Billing Cycle.

Cash-Back Is Offered On Transactions Undertaken At Only Those Merchant

Establishments Which Are Classified Under The “Restaurant” Merchant

Category Code (Mcc) As Defined By Visa

10% Cash-Back On Movies

Spend A Minimum Of Rs. 10,000 On Categories Other Than Dining And

Entertainment Within The Billing Cycle To Avail 10% Cash-Back On Movies

Every Month

Easy Access

Anywhere: Movie Theatres | Plays

Anytime : 365 Days

A Maximum Cash-Back Of Rs. 600 Including Both Dining & Entertainment

Transactions Will Be Given In A Monthly Billing Cycle. Dining & Movie

Transactions Up To Rs. 4000 Are Eligible For Cash-Back. Cash-Back For A

Particular Billing Cycle Will Be Credited In The Next Month Billing Cycle.

Cash-Back Is Offered On Transactions Undertaken At Only Those MerchantEstablishments Which Are Classified Under The “Entertainment” Merchant

Category Code (Mcc) As Defined By Visa




44


2.5 % Fuel Surcharge Waiver Across All Petrol Pumps In India

Applicable On All Transactions Between Rs. 400 And Rs. 4000. Maximum

Fuel Surcharge Waiver Allowed In A Calendar Year Is Rs. 4500

Railway Surcharge Waiver

1.8% Railway Surcharge Waiver For Transactions On Www.Irctc.Co.In And

2.5% For Transactions On Indian Railways Booking Counters.

Maximum Railway Surcharge Waiver Allowed In A Calendar Year Is Rs. 500

Milestone Feature

Spend Rs. 1,25,000 Every 6 Months And Get 4 Free Pvr Tickets.

Enjoy A Maximum Of 8 Free Pvr Tickets Every Year

You Can Claim Your Pvr Tickets Within 3 Months After The Program PeriodGets Over




45

PVR PLATINUM CARD

Get Up To 3pvr Ticket Monthly.ChooseFrom 3 Monthly Interest Rate Option

Features AndBenifits

Pvr Rewards:

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 PvrKotak Credit Card To Get Your Free

Pvr Movie Tickets

Available All Year Round

Bonus Rewards: As A Special Introductory Offer, Get 1 Additional Free Pvr Movie Ticket

Every Month When You Spend Rs. 750/- And Above At Pvr Cinemas

Within The Same Billing Cycle Using Your PvrKotak Credit Card

All Spends At Pvr Are Included, Whether Online Or Across The Counter




46

LEAGUE PLATINUM CARD

This League Platinum Credit Card Offers You A Range Of Reward Option ToChoose From, Fuel Surcharge Waiver,PriorityAssistance,Lost Or Stolen FraudCover And Much More


1. Premier Rewards Program:

Earn Up To 8x Reward Points On Every Rs. 150 Spent Across All Spends

Done On Your Kotak League Credit Card.

Annual Spends Special Categories Other Categories

Up To 2 Lacs 8x 4x

2 Lacs& Above 8x 8x

Special Categories Are Travel Agencies & Tour Operators | Package Tour

Operators | Airlines And Air Carriers | Electric Sales | Durable Goods |

Departmental Stores

2. League Priority Attend:

We Value Your Time. Instead Of You Trying To Reach Us, We Will Reach

You

Sms "Kassist" To 5676788 And We Will Call Back Within 30 Minutes

We Make It Easy For You To Pay Your Monthly Dues. Call For

Complimentary Cheque Pickup

3. Fuel Surcharge Waiver:

Applicable On Transactions Between Rs. 500/- And Rs. 3000/-



Been Changed. The Revised Condition On Fuel Surcharge Waiver Are As

Above.




47

4. Railway Surcharge Waiver


And 2.5% For Transactions On Indian Railways Booking Counters.


Is Rs. 500/-

5. Milestone Feature

Spend Rs. 1,25,000/- Every 6 Months And Get 4 Free Pvr Tickets

Enjoy A Maximum Of 8 Free Pvr Tickets Every Year

Pvr Tickets Can Be Used For Any Day And Any Show

You Can Claim Your Pvr Tickets Within 3 Months After The Program Period

Gets Over

AQUA GOLD CARD

With Aqua Gold Card Enjoy The Benefits Of Interest Free Cash

Withdrawals,2.5%Fuel Surcharge Waiver,A Credit Limit Up To 80% Of Term

Deposit Amount And A Free For Life Credit Card

Features And Benifits

1. Credit Limit:

Up To 80% Of The Term Deposit Amount

Known Up Front At The Time Of Applying For Card

High Credit Limit, Up To Rs. 12 Lakhs

With Aqua Gold Card Enjoy The Benefits Of Interest Free Cash

Withdrawals,2.5%Fuel Surcharge Waiver,A Credit Limit Up To 80% Of Term

Deposit Amount And A Free For Life Credit Card

2. Interest Free Cash:Up To 48 Days

Enjoy Higher Cash Limit : 90% Of Your Credit Limitcash Advance Fee

Of Rs. 300/- Per Rs. 10,000 Or Part Thereof

Available All Year Around




48

3. Fuel Surcharge Waiver

Applicable On Transactions Between Rs. 500/- And Rs. 3000/-



Been Changed. The Revised Condition On Fuel Surcharge Waiver Are AsAbove.

4. Railway Surcharge Waiver


And 2.5% For Transactions On Indian Railways Booking Counters


Is Rs. 500/-

5. Balance Transfer

Processing Fee Of Rs. 349/- Per Rs. 10,000/-

Continued Interest Free Period On Fresh Retail Purchases

Easy & Instant - Just Call Us To Transfer Your Other Credit Card Balances

6. Milestone Feature

Spend Rs. 1,50,000 In A Year And Get 4 Free Pvr Tickets

Pvr Tickets Can Be Used For Any Day And Any Show

You Can Claim Your Pvr Tickets Within 3 Months After The Program Period

Gets Over




49

CORPORATE PLATINUM CARD


Higher Earnings: Spend On Corporate Platinum Card And Earn Higher Reward Points.

Easy Redemption

Redeem Your Points By Just Calling The Customer Service Desk

Points Can Be Redeemed Every Quarter

Cash Rebate Will Be Given Through Demand Draft


Get 2.5% Fuel Surcharge Waiver Across All Petrol Pumps In India

Waiver Given Between Rs. 500/- To Rs. 3000/-

Maximum Waiver Of Rs. 3500/- In A Calendar Year

Universal Acceptability

International Credit Card

Accepted By Over 10 Million Merchants Across The Globe

Digital Currency To Consumers, Businesses, Banks And Government

Interest Free Funds

Interest Free Utilization Of Funds

Up To 48 Days Interest Free Credit Period

Similar To Overdraft Facility On Credit Cards

Decide Your Own Limits

One Company Limit Is Assigned To The Corporate

Corporates Decide The Card Limit For Employees

It Can Vary From Hierarchy, Designation Or By Employee‟s Will




50

DEBIT CARD SERVICES

SHOPPE CASH

For The First Time India, Kotak Mahindra Bank In Association With Visa

Presents Shoppe Cash,I.E.,Get Cash While Shopping At Merchant

Establishment

Now Get Cash While You Shop At Merchant Establishments So You Don‟t

Need To Go To AnAtm


Swipe Your Kotak Debit Card And The Money You Get Comes Straight

From Your Account

Free Service

In Addition To Atms, Now You Can Get Cash At Merchant Outlets With Or

Without Making A Purchase

You Can Withdraw A Maximum Of Rs. 1,000/- Per Day, Per Debit Card, At

Select Merchant Outlets In Select Cities

Safe And Quick Option To Get Cash, Even While Shopping As You Do Not

Need To Go To An Atm For Cash Withdrawals

Broader Access, One More Channel To Access Your Banking Accounts

Receive An Alert On Your Preferred Mobile And Email Id Registered WithUs, Immediately After A Shoppe Cash Transaction




51

CARD PROTECTION PLAN

You Needn‟t Worry About The Misuse Of Your Lost Or Stolen Credit,Debit Or Atm

Card. Register Now For Cpp Card Protection Programme To Avail The Facility To

Block All Your Cards

Through A Single Phone Call.The Services Is Available To You 24 X7.

OnecallSos

One Call To Block All Your Registered Cards

Emergency Cash Advance Of Up To Rs. 20,000 In India

Free Replacement Of Lost Pan Card

Lost Mobile Phone Reporting Service (Sim Blocking)

In Case Your Registered Car Or Bike Breaks Down, You Get Emergency

Roadside Assistance Services.

This Plan Is Available For Rs. 899 For One Year Membership.

For Further Details Please Visit Http://India.Cppdirect.Com/One-Call-Sos

Once You Get The Membership Id, You Can Register Your Cards/ Vehicles

By Filling Up The Registration Form In The Welcome Pack Or Call Cpp Call

Centre At 1800 419 400

Card Protection

One Call To Block All Your Registered Cards Emergency Travel & Hotel Assistance Of Up To Rs. 80,000 In India

& Rs. 1,60,000 Overseas

Emergency Cash Advance Of Up To Rs. 20,000 In India

Free Replacement Of Lost Pan Card

Lost Mobile Phone Reporting Service (Sim Blocking)

Complimentary Service Fraud Protection Of Up To Rs. 3,00,000*. Fraud

Protection Covers Fraud On Cards Due To Lost/ Theft, Skimming,

Counterfeiting, Online Fraudulent Use, Phishing And Pin Based Fraud

The Plan Will Be Available For Rs. 1399/ Rs. 1848/ Rs. 2185 For One Year

Membership Depending On The Benefits Offered.

http://india.cppdirect.com/one-call-sos

http://india.cppdirect.com/one-call-sos




52

LOANS

HOME LOANSKotak Mahindra Bank Provides You Home Loans Accompanied By Highly

Customised Facilities And Services For A Seamless And Pleasurable Home-

Buying Experience.

In Market Where The Basis Product Is Largely Similar,The Differentiator Is Our

Ability To Understand The Customer‟s Need Completely And Structure The

Eligibility And Loan Amunt Appropriately


High Eligibility For Businessmen

Doorstep Service


Convenient Loan Disbursement Process

Simplified Documentation

Insurance Options To Cover Your Home Loans At Attractive Premium

Quicker Turnaround Time




53

PERSONAL LOANS

Get A Step Closer To Your Dreams And Goals By Availing Our Personal Loans

And Meet Your Financial Needs. You Can Avail A Personal Loan To Meet

Unexpected Expenses, A Dream Holiday,School Or College Fees,WeddingExpenditure , Home Improvement Expenses Or Even Purchase Of Consumer

Durable


Avail Loans From Rs. 50,000/- To Rs. 15 Lakhs

Flexible Repayment Options - Loan Tenors Range From 12-60 Months For

Salaried Individuals

Bank Doorstep Service - Fix An Appointment With Any Of Our

Representatives On Phone And Get Assistance In Completing Loan RelatedFormalities

Gain Quick Approval On Loans

Minimal Paperwork And Hassle Free Processing - No Security Or Collateral

Required





54

EDUCATION LOAN

Education Is The Most Important Investment One Makes In Life. Therefore, Kotak

Mahindra Bank Brings To You Educational Loans, Which Aims To FinanceMeritorious Student Who Choose To Pursue A Higher Education (Professional Or

Technical) In India And Abroad

FeatruesAndBenifits

You Can Avail A Loan Of Up To Rs. 10 Lacs For Education In India

And Rs. 20 Lacs For Education Abroad, Based On Your Income And

Repayment Capacity To Fulfil All Your Financial Needs

Quick Approval With A Kotak Mahindra Bank Education Loan, You Are Not

Far Away From Making Your Dreams Come True

Our Minimal Documentation Requirements Leave You Relaxed




55

TRACTOR FINANCE

We Offer Finance For Purchase Of New And Old Tractors For

Agriculture/Commercial Purpose. We Are The Preferred Financier Of Key

Manufacturers


Loans For Purchase Of New Tractor / Old Tractor (Mortgage & Non-

Mortgage Loans)Balance Transfer

Top-Up Loans

Service At Your Doorstep

Avail Life Insurance Shield - KotakKisanSuraksha

Quick And Hassle-Free Process

Minimum Documentation

Excellent After Sale Service

Attractive Rates Of Interest




56

CHAPTER 6

DATA INTERPRETATION / ANALYSIS

CASA Account

The Deposit Figures Increased From 7463 ,8791 ,12402 ,14918 Crore As On 31st

March 2010,2011,2012,2013 Respecticvely To Rs 18,828 Crores As On 31st March

2014




57

ADVANCES

The Advances Increased From 41242 ,53144 ,66258 Crore As On 31st March2011,2012,2013 Respecticvely To Rs 71693 Crores As On 31st March 2014




58

TOTAL ASSETS

The Total Assets Increased From 92349 ,115835 Crore As On 31st March

,2012,2013 Respecticvely To Rs 122237 Crores As On 31st March 2014

1,22,237

1,15,835

92,349

Total Assets (in crores)

FY 14

FY 13

Fy 12




59

Networth

The Networth Increased From 10963 ,12907,15250 Crore As On 31st March 2011

,2012,2013 Respecticvely To Rs 19076 Crores As On 31st March 2014

19,076

15,250

12,901

10,963

Networth ( In crores)

FY 14

Fy 13

FY 12

Fy 11




60

BOOK VALUE PER SHARE

The Book Value Per Share Increased From 148.2 ,174.2 ,204.3 Crore As On 31st

March 2011 ,2012,2013 Respecticvely To Rs 247.6 Crores As On 31st March 2014

247.6204.3

174.2148.2

Book Value Per Share ( In Crores)

Fy 14

Fy 13FY 12

FY 11




61

EARNING PER SHARE

The Earning Per Share Increased From 21.6 ,24.7 ,29.3 Crore As On 31st March

2011 ,2012,2013 Respecticvely To Rs 32.1 Crores As On 31st March 2014

32.129.3

24.721.6

Earning Per Share ( In Crores)

FY 14

FY 13

FY 12

FY 11




62

NET PROFIT AFTER TAX

The Net Profit After Tax Increased From 818 ,1085 ,1361 Crore As On 31st March

2011 ,2012,2013 Respecticvely To Rs 1503 Crores As On 31st March 2014

1,5031361

1085818

NET PROFIT AFTER TAX ( In Crores )

FY 2014

FY 2013

FY 2012

Fy 2011




63

OPERATING PROFIT

Operating Profit The Increased From 1325 ,1655 ,2157 Crore As On 31st March

2011 ,2012,2013Respecticvely To Rs 2577 Crores As On 31st March 2014

2,5772157

1655

1325

Operating Profit ( In Crores )

FY 2014

FY 2013

FY 2012

FY 2011




64

TOTAL ASSETS

The Total Assets Increased From 50851 ,65666 ,83694 Crore As On 31st

March2011 ,2012,2013 Respecticvely To Rs 87585 Crores As On 31st March 2014

8758583694

65666

50851

Total Assets ( in crores )

FY 2014

FY 2013

FY 2012

Fy 2011




65

INVESTMENTS

The Investments Increased From 18279 ,23261 ,31340 Crore As On 31

st

March2011 ,2012,2013 Respecticvely To Rs 27788 Crores As On 31st March 2014

27,78831,340

23,261

18,279

Investments ( In Crores )

Fy 2014

FY 2013

FY 2012FY 2011




66

CHAPTER 7

AWARDS AND RECOGNITIONS

Won „Gold Award For Best Innovation – World‟s First Socially Powered Bank

Account‟ And „Gold Award For Best App Developed – World‟s First Banking

Application Using Twitter‟ Awards At The Indian Digital Media Awards 2014 For

KotakJifi

Recognised As Highest Fundraising Company In Corporate Challenge Category

In Standard Chartered Mumbai Marathon 2014

Adjudged Best Bank Among Emerging Banks At Outlook Money Awards 2013

Adjudged Best Medium Sized Bank Of The Year 2013 By Businessworld

Kotak Junior Ad Film Adjudged Best Banking Ad Worldwide 2013, By Bank

Innovation – A Leading Global Blog On Banking

Won Asian Banker‟s It Award In Best Self Service Category For Courtesy Call

Back Feature

Won „Platinum For Innovation – World‟s First Twitter Enabled Banking

Product‟, „Gold For Best Usage Of Viral Marketing‟, „Gold For Best Usage OfSocial Media‟, „Gold For Best Usage Of Digital Marketing‟ And „Gold For Best

Digital Strategy‟ At Campaign India Digital Crest Awards 2013 For KotakJifi

Won Emc Transformer Award 2013 For Innovative Implementation Of Storage

Technologies In The Bank

Won National Securities Depository Ltd. (Nsdl) Award In The Best Performer In

Account Growth Rate Category 2013, For Demat Accounts




67

CHAPTER 8

CONCLUSION

The Main Objective Of The Study Is To Know About The Structure Of Bank And

Banking Services Provided In KOTAK MAHINDRA BANK. Whether The Customes

Are Happy With The Services Offered By The Bank And Finally To Find Out

Consumer Perception Towards The Kotak Mahindra Bank And Its Banking

Services. My Guide Mr. KRISHANAN RAMCHANDRAN Has Helped Throughout

Project How To Do It Successfully. Coming To Customers Are Account Holders

In Saraswat Bank It Seems That They Are Quiet Happy With The Banking And

Online Services Offered In Saraswat Bank.

Finally, I Would Like To Conclude That The Bank Is Performing Very Well And It Is

Providing Good Services To Its Customers.




68

CHAPTER 9

BIBILIOGRAPHY

Books:

Annual report of kotak Mahindra bank for the year 2013-14.

Kotak Mahindra banks brochure.

Websites:

www.google.com

www.kotakmahindra.com