Kotak Mahindra Bank

I am writing this review to suggest you not use kotak products. This bank is the worst bank in India and deducts unfair charges for each and minor services. I am writing why not to choose Kotak bank, please find the reasons below:

1. You need to visit to bank’s branch for changing smaller details of your account. Like conversion of account type, phone number update, closing the account.

2. The bank charges very high fees of debit card annual charges( Rs 561.80) .

3. If your account is Salary account, and after 1-2 months your salary is not credited, the AMB of the account will increased abruptly to 50000/- rupees from zero-balance account.

4. They will first issue your unnecessary add-on cards without taking your consent when they open your account and later will charge the unfair money for each card.

5. For each month if AMB is less than 50000 then Rs 841 will be deducted.

6. They will deduct the AMB money even for the months 2 years back date without any reason. You need to check your old statements and then request them for rolling back the charges.

7. The customer care and bank staffs are rude like government banks. And they will never solve their problems.

I am exhausted with the bank services and will close my account when I will return to India as they are not even closing the account on my instructions.

Thanks

Prashant

Kotak CRN - 34418174