Hey there everyone. I am today telling you about Kotak Mahindra Bank. It’s one of the best bank and the major advantage of opening savings account in this bank is 5% interest which very few banks offer. You get 6% interest if you got minimum balance more than 1 lakh. I recommend all to open their account in Kotak Bank.
Advantages:
1) Better interest on savings.
2) No online transfer cost if transaction is done within banking hours.
3) All facilities likes net banking, phone banking, debit card and mobile app are available.
4) No charges on deposit of cash up to Rs. 50, 000.(ICICI has bank charges if we deposit more than Rs. 10000 in cash in account.
5) Accounts gets open quickly.
6) There are other types of accounts on which there are no debit card charges.
Disadvantages:
1) Minimum balance is more compared to public sector banks. Kotak Bank need minimum balance of Rs. 10000
I hope you all liked my review thank you for reading.