Kotak Mahindra Bank — Cheated by sales executive-Money Deducted From account- Kotak seems to be not following RBI guidlines

Address:Bangalore, Karnataka

I had opened an account in your bank and then was told nothing about the maintenance of minimum balance or anything.He said he just require 1 minute of my time and even he took photo from his phone itself, I didn't have any photo with me.Within one minute account was opened by your agent
arnab.[protected]@kotak.com.He cheated at first.
I transferred 10000 INR and I faced penalty of 2529 INR for not maintaining minimum balance.
As per RBI latest guidelines(http://rbidocs.rbi.org.in/rdocs/notification/PDFs/DBOD060514.pdf) which states that "It is advised that henceforth banks are not permitted to levy penal charges for non-maintenance of minimum balances in any inoperative account." 6th may 2013.Deduction was done after this date.
So deduction that is done in my account is not valid.
I wrote a mail to arnab.[protected]@kotak.com and followed it up and he kept delaying it.Even I don't see him resolving the issue in future.
Mail conversation started on 28th May 2014 and its still pending.I have all the mails with me.Kindly resolve ASAP.


My Account Details: CRN 69667353
[protected]@gmail.com
Was this information helpful?
No (0)
Yes (0)
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Kotak Mahindra Bank
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    29%
    Complaints
    4805
    Pending
    0
    Resolved
    1326
    Kotak Mahindra Bank Address
    27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, India - 400051
    View all Kotak Mahindra Bank contact information