Kotak Mahindra Bank Complaints & Reviews

Hi Guys, We( a Software consulting company) have been working with a client, it is a $30 billion dollar company and financial gaint. Our employees are working for them, even we are a startup company in India, we have good clientile across USA, we opened corporate account with KOTAK MAHINDRA, after placed our employees we went to KOTAK to open salary accounts for them. Here I got a very bitter experience, you guys never know how...

Hi this is Rajkumar Singh, there had been many calls from Delhi claiming they were from Crime Branch and a case has been registered against me for credit card default. I need to pay immediately otherwise they will arrest me and put me jail. I would like to know does Kotak Mahindra Bank had been doing this or some kind of fraud going on. Though I was not able to pay my outstanding, I dont know what type recovery method is this. Though Iam...

Hello.. This is to notify that Kotak Mahindra Bank is one of the ridiculous bank who cannot set up the ECS with my current Bank whether I have sent the signed ECS form twice and also submitted their sent form once at my Yes Bank.. Dealing with them is not at all save because they wont set up the ECS and charge the Penalty and interest as they are doing with me. I won't trust them now because of their irregular behaviour and not listing...

Hi,

Below is the entire details regarding this complaint and posting the same mail which is send to the concern department of bank.


This is regarding the Pathetic Services provided by your bank, I had applied for Saving and Trading Account 1 month ago and the guy Rajdeep Mukherjee contacted me and collected all the required documents and informed me that I will be getting the Saving Account, Internet...

i shaji thomas, cheated by kotakmahindra insurance com.that the company branch in kolkata offered me a loan, for that, they collected 20000/-and idendity doccuments from me through their collection agent mithun paul at jalpaiguri on the month july 2013 as of security.but after a few days, they sent a policy certificate issued 31/7/2013 with mistakes in the nominee part.according to their instruction i sent back the certificate for correction...

i had policy no 01800964.i had paid premium for 2 years equal to 70000.after that i couldnt pay my premium, so the policy lapsed.After that i filed a application in ahmedabad office for policy recontinuation.that didnt give any reply for that.when i went again they said the policy was foreclosed and give me a foreclosure amount of rs.26000.now this i serious fraud on their part....

Hi I would like to highlight to you a recent incident regarding the behaviour of Collections agents represented by Phoenix ARC. Since this is regarding my own family, I am taking the responsibility to highlight it; though at the cost of safety and wellbeing, concerning the route Kotak takes. . .as you read you will know what I mean!!! The customer had a settlement of INR 30000 against INR 38000, with the first set of payment due on...

Hello, My name is Dharmesh Patel. I had applied for personal loan with Kotak Mahindra Bank on December 2011 and the EMI started from 10th Jan, 2012. Loan Detail: SPLN 13949 The concern to me is that while I was searching for loan from different banks at lowest interest cost, I was said by associate of Mr. Pinkesh Manharlal Panchal that the interest rate for a loan from Kotak Bank is 16.25% and hence I wasted my time and energy in...

sir, applied for car loan in the month of jun 13. one rep mr praveen came and completed all paper work and promised to waive off processing fee and interest rate will be 10.45% . and he has told to pay one EMI of Rs. 7665.00 in advance by cash. and your repay schedule will be in 59 EMI . after receiveng the schedule from KMPL it is in 60 EMI not 59. second intrest rate is 11.15% not 10.45%. he has taken Rs. 5245.00 as processing fee also...

HI, This is anil. By mistake i transferred to 49000 to my credit card on NOV 14th. I raised a complaint regarding same thing on send the required documents on NOV 15th. I call to customer care on NOV 16 and no response. On NOV 25 again they come back to me and said that they want some more documents related to previous transaction. Finally i provided those documents also on the same day. After three or four followup emails i got cheque...

Dear Sir, I am NOT a customer of Kotak Mahindra Bank BUT I am recieving regular calls from one person who claims he is the employee of KOTAK MAHINDRA BANK. His name is Mr. Dipak Sharma. He regularly calls from the number [protected] at my home and in my personal mobile number and tries to mentally harass me and my family members. He says that my NEIGHBOUR (Mr. Partho Sengupta) residing at BD-329, Salt Lake City, Kolkata -700064, has...

My CRN is[protected]. I was levied annual charges of Rs 500 on my credit card. I was given the card as part of free corporate plan saying no annual charges. I never really used the card. This year when i was charged i refused to pay and after 2-3 months the same amount multiplied to Rs 1877(including all the late payment charges). I called the customer care and asked them to cancel my card and I was informed that all the charges other than...

Dear sir

with referance to the above subject without inform me. my account have opened in kotek mutual fund which has no idia about this how opned it and this bank have transacted 1000.00 rupees from my accountwich has in Axis bank. Today one representative of kotak mutual fund staaf came at my house and he was trying to give me some of one thausend rupees but i coulden't accept this amount.So please give me judgment...

I Vishakha N. Dabhi Minor (father Navin J Dabhi), E-002, Gulmohar Complex Phase III, Viva College Road, Virar (West), Thane - 401303, Maharashtra, Mobile No. [protected], wish to lodge complain against Kotak Mahindra Bank, Opp. Viva College, Virar (West), Thane - 401303, Maharashtra, for wrongly (illegally) debited amount Rs. 1179.78 for not maintaining minimum balance to my above account. I am shocked how bank illegally debited the minimum...

Hi,

I have received a call from the number: +[protected] on 21/Nov/2013; 16:53

The lady said she is calling from kotak mahindra loans and some offer regarding a loan.

When I told her my number is registered under DND and I can complain against you. In a harsh manner she said you can go and complain. "Complain karo" what she said.

I am totally furious over this rude...

I had an ABN AMRO Credit card few year back, which was given for cancellation in 2009. After that, now in 2013 am getting calls from Kotak Bank, asking for payment towards ABN AMRO credit card which i really dont understand.They even failed to send me any details regarding the credit card like statement details, Kotak's authority over ABN Bank and so on. Its a major concern as someone has picked up my personal details from somewhere...

I am a customer of KOTAK MAHINDRA BANK / KOTAK LIFE INSURANCE and very badly unsatisfied with the working culture and services. As I was very much convinced by the advertisement of KOTAK MAHINDRA BANK flashed on TV and contacted to the nearby branch of my city, which is only branch in Meerut and around 25 Km from my residence but still i chose KOTAK for me and my family. I visit the branch and opened two saving a/c one with minimum...

I hold Kotak PVR credit card on 21st Oct I received couple of SMS’es very early in the morning around 3:30 AM that card is used to make payment of Rs123.43, Rs.61.71, Rs.10699.96 and Rs184.52 at ECHST.NET, PAYPAL, LISA 33 etc. I was surprised as I haven’t shared my credit card credentials with anyone and I mostly only do internet transactions on IRCT only. I immediately called call centre and got credit card blocked. I also filed dispute...

Dear Sir My Self Pravin Parsottambhai Patel from Palanpur Gujarat India. I am having Kotak Bank Account my kotak bank account details is as below. Account Name : Pravinbhai P Patel Account No : [protected] Branch Address : Palanpur Branch, North gujarat India Pin : 385001 Mobile no : +91 [protected] I have Made NEFT on 01/01/2013 of Rs. 6100 to Gangadhar N Raut (Central bank of India nagpur Branch) but gangadhar has not received any...

Kotak Bank deducted Rs.3370/80 from my zero balance salary account ( Account No. [protected] ) being the charges for Non Maintenance Charges . Bank never intimate, nor informed or not given any notification about these charges. When I objected illegal deduction of amount from my hard earned money, and raised the matter with bank officials and after lot of refusals bank returned 50 & of deducted amount i-e Rs.1685/40....