Kotak Mahindra Bank Complaints & Reviews

I had taken a personal loan from Kotak Mahindra Bank in mid 2014, referring Loan Account No. – SPLN[protected] with a loan amount of Rs. 5, 00, 000/-. I was paying my installments, till the time I received a calls from Kotak Mahindra Bank executives for increasing my loan amount to 6, 50, 000/-. Basically the same bank approached me for top up of my loan, after considering all the conditions I accepted the proposal. But what I was not told...

Respected Sir,

I have a Bank account in Kotak Mahindra bank. My CRN No is 7221072. The Bank is permanently keeping Rs.1.00 Lakhs in sweep in deposit account for a interest of 6% and not releasing the money though I need it. They say you can cancell the account.

Sir, The primary rule is that no body is authorize to touch others money. So, this sweep in FD by Kotak Bank may be viewed seriously and against banking...

Hey..good evening,

This is Junaid Ahmed, I work in Andheri mumbai ..having salary account with kotak mahindra bank.

I m sending u dis email to al bcoz of I have suffered lot from kotak mahindra bank service.

Why I will tell u ?????

I have given request for cheque book on 18 august...today is 22 September, still I have not got my cheque book.

On 18th Sept I gave request...

Res/sir
Unfortunately i have neft of amt.6000 to wrong beneficiary of same name kindly suggest me how to recover, as money is still part of bank becoz the wrong benefi. Alreardy have in -8000 rs. (Minus)

Debit a/c :[protected]Pradeep joshi)
:vikramsingh (Wrong beneficiary)
Beneficiary a/c:[protected]Inactive a/c0
Trans refer no.: 57141170...

I have submitted my application on date 16/09/2016.My passport application no.16-[protected]. First Charges Rs.1512.75 on date 16/09/2016 at 11:34pm by on-line debit card payment System & track payment status shows failed. Second charge Rs.1512.75 on date 17/09/2016 at 01:26 pm by on-line debit card payment system & track payment status shows success....

I have taken the above policy in january 2012 under the plan component kotak flexi plan ii (regular) (uin107l023v02), when i was residing in thane west. Under ecs, my savings account is being debited every month, though i have neither received any policy nor i am getting any policy details like fund value. Since i have retired and shifted to ahmedabad, i find it difficult to pay the premium . How can i claim my due amount. Can i get the details...

Kotak Mahindra Bank do charge late payment amount for credit card as half of my bill amount. They are saying they will take the request for reversal. but the reversal amount will not reflected in your current generated bill amount.
The reversal amount will be reflected on future bill generation but not in currently generated bill payment. You have to pay the currently generated bill amount which having late payment bill amount.br...

Pl provide no dues certificate of swift car no dl 3cad 7780. agreement no. cf 3390422 dated 30.07.2006 for rs 3 lacks. though loan already fully repaid by me by 17 12 2007 but i did not get no dues certificate from you. please issue a letter/form to regional transport authority sheikh sarai ph 2 new delhi to remove your name as financier on the registration certificate. the original papers written by you to the transport authority be given...

I am waiting for closure letter and list of documents martgaged against loan account no. hf[protected]. i have sent mail asking for closure letter on 29/8/16 and reply was received on 2/9/16 that my request has been registered vide id sr#1-[protected] dated 2/9/16 clarifying that my request will be responded with in 10 working days, but i am still awaiting for closure letter and list of documents. it is cleary an unfair practice on behalf of...

3 weeks gone applied for new salary account but till now did'nt got it opened.
Every time i contact kotak team i hear different reasons.
Every executive who answers call say we will get back to u in 15-20 mins,
But no response till now.

Dont know why they ask customers for opening accounts if they are not able to provide service.

Aditya ahluwalia.
[protected].
A/c no - [protected].br...

Problems suffered after linking with Kotak Mahindra Bank:

It's been 11 months since linked with Kotak Mahindra Bank and faced following issues:

1. Change of mobile no. without our knowledge
2. Received 5 credit cards. We never requested for same.
3. Excess processing charges deducted on loans and not refunded up until now
4. Never requested for weekly balance alert and net banking pin...

I am applied for opening a jifi account through online on Aug 09 2016.9th they called me and confirm the time when they want to come for documents.am told to come on 10th aug 2016 at 1.00Pm.but on 10th they are not came.am called to that representative, that time they told they forgot it and should come on 11.am transfered 10000Rs through online on 10th Aug and they collect the documents on 11th aug.he told within 7working days you will get...

Despite several complaints logded with the cards department, dual levy of amounts has not been reversed by the bank. It shows clear intent to fraud the customer and they should be penalized severely. Excerpts from the email are given below-
25/08/2016 - Kindly check the statement wrt EMI cancellation. Amount of Rs. 4443 and 4749 have already been paid off in the last cycle. still these are being shown as payable. do i have to pay for...

Sir this is ramprakash tjadagoni my account no is[protected] i am recharge tatasky dth through net banking 350 & 350 both time recharged that amount not credit to my tatasky Account that dated[protected] approch met time 05 pm to 05:30pm that amount not credit my bank amount i call to customer care 3 time they said 2 owrking days 4 working days i wating 10 days that amount not credit my Account please cheak my problam amount refund my Account...

Hi,
I am annoyed by the service of the Kotak Mahindra Bank and specially unsatisfyied with the Phone call Service.

I have a credit card ([protected]) with the Kotak Mahindra Bank:

I have used the credit card and I did made the payment of Rs 7000 thro Cheque payment and it was dropped at ATM centre, Anna Nagar, Chennai on 9th Sep 2016 for the due date of 15th Sep 2016.

The amount was...

I walked In kotak Mahindra bank at Anantapur to open an current account for that I have submitted required documents and cheque of 25000 to the bank executive, one month over no response from the branch they are not able to told the status of my application and when I call them they are not at all lifting my call. My doc's and cheque are with them only till date. What kind of bank is this I have never experienced this kind of bad situation...

Dear sir/mam,
I have a saving ac bearing CRN number 93574803 applied for cheque through atm counter and it has been more than 10 days i have not received yet. Today i have called to help line number n they told the cheque has been dispatched n told me to contact the home branch after that i called to the branch they are not responding properly n told me to call tommoro by 5.
What kind of service is you all are providing. The...

I have an account in you kotak bank branch bundi rajasthan today I was visit a bank to submit an amount in my saving account but the behaviour is too rude by bank employee miss anjali saini and she also asked to close account and generate a closure form and told me for sign to close account. And when I was asking to give a copy of closure form they refused and use abuse words to me and about my proffession and hurt my self respect.
br...

We had a Home Loan with ING Vysya & the agreement was on Floating Interest
basis.Now ING is merged with Kotak Mahindra but the terms & condition of the agreement still remains the same however Kotak are still charging the Rate of Interest @ 10.35% where as the current ROI is 9.40% charged not by other Banks even by Kotak.We fail to understand as to why Kotak are charging 10.35% despite our several follow ups thro E mails, Tel talks...

A/c No[protected] Patiala Branch. Even after 10 attempts I failed to add beneficuery. I mentioned correct IFSc code of PNB the mall patiala and also tried second search option mentioning Branch name/city, but it states Not found. What kind of poor software you have put in which could not locate the IFSC code in in 10 attempts. This is not first case, prevuously also when I wanted to add beneficiery I had to put about 15 attempts. What is wastage...