Kotak Mahindra Bank Complaints & Reviews

Hi,
Last November 10/11/2010 I did a Policy Known as Kotak Midcap FUND , I submitted an ICICI BAN Cheque of amount 2000 bearing number 369248,
As per my Bank Record the amount is debited from my account and there is no signature mismatch , but when I call to the customer care for status of my Mutual fund that time I came to know that the KOTAK MIDCAO FUND is cancelled because of Signature mismatch , but ICICI bank is telling to me that they can issue Certificate for successful transaction towards the cheque no 369248.

I don’t know what’s wrong with KOTAK but I want my Money back within seven Days, As there is no notification sent to me by the KOTAK for cancellation of Mutual fund and they Hold my money almost more than 1 month 18 Days ,

I called to the kotak MF customer care and they are saying it will take 24 working days to credited the amount , i would like to know one thing when i submitted the cheque, it got credited to their account within one days now it will take 24 working days to get credited to my accout ...this is really law by Kotak

Because I called to customer care hence I came to Know all the problem otherwise , I would be in a lime light that my money is safe with Kotak and performing good as the market is doing good ,this is really a learning lesson to me.

Now ICICI Bank is redy to provide me certificate that there is no signature missmatch issue with Cheque no 369248 and it was a successfull trasantion,

Now i can provide each and every documents which is againt the KOTAK mutual fund company,
please help me logging a cosumer complain against kotak MF

This is a serious loss to me, i can go upto any extend

please help and suggest me how to register a complain

Thanks
Giri
[protected]

This is Jaiprakash Madnani. I am working with Infosys Pune. I have applied for Credit card with HDFC bank and Citi Bank and my application was declined. I was shocked and reason was credit Bureau. I thought I a have home loan which I have been paying from last 5 years without a single delay. Using 3 Credit cards, used for more than 4 Lakhs in last 3 years without a single late payment, never paid interest. So How come it is possible?

Online I came to know we can ask for our Cibil Report and I asked for same but when I received my cibil report I was shocked to see that my name is cibil is from Kotak Mahindra and that is too as a Guarantor. I have no idea how can you do this.

I have never been to Kotak Mahindra bank in my life. Once in Life I have been to Kalina kotak Mahindra for an interview and I was selected by I did not join, Please reply to this mail or someone from your team please contact me. How can you people destroy some one’s credit limit. There was 2 enquiry done by you for Credit report and one was of worth 1Crore. Please tell me any one provide a loan for 1 crore to a Employed person.

Provide me resolution of this blunder made by Kotak bank.
NAme-JAiprakash Madnani
Pan-ALZPM6595J
mob-[protected]

I want the letter showing tax exemption for the current year. Customer care executives are not responding on phone.

i have open policy (kotak smart advantage plan) in month may-june 2009. Still date i have not recieved any document or any premium paid recipt.
Please do the needful.
Prafulla Ingale

. One of the representative of kotak-mahindra bank told me that there will be interest rate of 9.5% and 2.5 lac loan amout will conclude 8125 Rs. per month as installment for 36 months, i signed the blank documents....

I dont know how to calculate the interest of 8125 Rs. results in how much interest rate???

I am planning to go to customer suraksa kendra.. what should i do????
My email id. [protected]@rediffmail.com

Hi,

I am having savings account with Kotak Bank and they have deducted NMC to the tune as shoen below. At the time of opening the bank acc no information about any kind of charges was given to me and since then i have been levied NMC charges every quarter. Details of the same are given below. In case you need any more information please let me know.


Details of charges:
1-Apr-10 Non Maintenance Charges 827.25
1-Jul-10 Non Maintenance Charges 827.25
30-Sep-10 Non Maintenance Charges 827.25
30-Aug-10 Non Main Ch Qtr Apr-Jun10 AQB belw 50 pc 275.75
10-Dec-10 Non Main Ch Qtr Jul-Sep10 AQB belw 50 pc 275.75
Total 3033.25

Hello,
My name is Amit Shende, i am intending to buy term insurance policy from a insurance company ie. Kotak life insurance at Nagpur Maharashtra, for that i come in contact with Mr. Abheejet sales manager / executive of Kotak life insurance company at Nagpur Maharashtra.He gives all the information regarding the policy and take complete details of my, he also collect a cheque of Rs.10096/- from me and said that he give me the receipt of payment. As per the discussion i told him that deposit the cheque only after taking confirmation of me. and give the time to ready for medical test. But this guy is very smart, and for his completion of target he deposit the cheque without taking acceptance of my and didn't give the receipt of it. Also he never told the date and time for the medical test, as my cheque is clear and payment is withdraw from my bank account on 6 of December , i ask to Mr. Abheejet for clarification he just pretending that i am the wrong said person. i ask to receipt he said he has not get the receipt of it, and when i asked why he had not intimate me for depositing the cheque given by me, he start arguing that this is the company policies.

As a representative of company Mr. Abheejet misconducting and misguide to me for just complete his target and commission, else the client as fool. He never follow-up for the next process and till i never get any proof for the payment except my bank account transaction and not have any policy document.

Even the company had not called for any assistance or help for me.

I request you to take action on this issue and on this type of faulty executives.

Amit

Dear Team,

I applied for P.F withdrawl in sept'10 and company received my p.f form on sept,4th'2010 and still they not process for p.f withdrawl. Kindly do the needfull.

Regards
Ashish Khandelwal
P.F acc. No MH/45187/15355
Mail I.D [protected]@rediffmail.com
Mob. No. [protected]

iam having a saving a/c in kotak bank a/c no [protected] since last 4 year

they offered zero balance saving a/c with kotak securities trading a/c now from last 2 year
they are charging non maintenance charges that also double even first time i seen cash dep charges
phone banking charges all unnecessary charges debited how the bank is not commitment on their word
how they charges like this is very ridiculous and looting a customer

Dear Sir/Mam,

This is to bring to your notice that policy #01962458 was sold to me based on fake information and projection of the amount growth by Apoorva Insurance Brokers Pvt. Ltd.

I was provided with some documents and an excel sheet (in email) having the calculation of the projected amount which I’ll get at the time of maturity (Annexure 1, page 1 to 5 attached). Premium allocation charges were not communicated to me at all and were not reflected in the excel sheet as well. I was told that this policy can be surrendered after 4 years and I can stop paying the premium from 3rd year onwards. Based on this the amount promised to me was Rs. 1,20,000/- at the end of 4th year. Also it was told to me that returns in this policy are guaranteed.

However just now I noticed that premium allocation charges are deducted as per the policy bond.
I have been cheated and based on the above grounds I would request you to cancel this policy from immediate effect and refund all amount with interest paid to Kotak Life Insurance by me.

This issue was earlier reported to Kotak Customer Care ([protected]@kotak.com), but I’ve not received any response so far (Annexure 2, pages 1 to 2 attached).

Looking forward for a positive response and request you to take legal action against such agencies who are putting the goodwill of Kotak at stake.

my Easy Day Card document subment two time to Easy day Show Room At Majitha Road Amritsar.But No.issue me By kotak mohindra card for shoping card.Something.My Mobile No.[protected].
55.Phase 2,Rishivihar,Majitha road Amritsar.143001.
Please Tel me Reason of De cosider me. My E.Mail: [protected]@yahoo.com
Mobile No.[protected].& [protected]

Mr. Suresh Chowdhary Mobile no.-[protected], on behalf of kotak company came to my house and sold me a ‘Surakshit Jeevan’ plan. In the policy details, he told that I will get 14.71% return in the existing Flexi Plan in Dec 2010, If i invest in Surakshit Jeevan policy.

Since, Flexi plan was in loss, I had no interest in investing in any of the kotak products. I had already stopped the premium payment of Flexi plan after 3 years. But after looking at the "Surakshit Jeevan policy", I agreed to invest in the same.

When I talk to kotak customer care No., I was shocked to know that there is no such scheme for Flexi-Plan and Mr. Suresh cheated me on behalf of kotak company.

Kotak company sales man are doing fraud by capturing the existing data of the customer policies and then selling new policies to them by making false commitments.

Now, I want to surrender the Kotak Surakshit Jeevan policy, but kotak is not replying anything at all.
Policy Number for the same is 00427129

Sir/Mam,

Myself is Himadri B Mohapatra having a policy no:[protected]Kotak smart advantage) & i have taken this policy almost 4 years back.But till now never i get any sorts o[censored]pdated policy status.Really it is hopeless.

Therefore requesting you to send the toatal policy value of my Policy: 00886773 in my Email Ids which are mentioned below.

[protected]@yahoo.com
himadri.[protected]@seml.co.in

my self NITIN KUMAR GUPTA, i was taken a kotak life policy in the month of june the payment was also duly made through cheque of state bank of india, i recd. a bond which is not as per the terms & conditions told to me. after that i'll approach to Kotak life for new bond & sign my new bond as on 28/09/2010 but till now i'll not receive any bond and the management of kotaklife is mis-behave with me. so, kindly give priority to my complaint and please give me my insurance bond.
for more details please contact:-[protected]

regards,
Nitin Kumar Gupta

Hi,
A few days ago i received a letter from kotak mahindra bank(dated -12th aug 2010) about the CRN:7053970 .That letter had sumone else's name ( Mr ShivKumar Sanmukh Nadar) but had my address .
Since the address was mine, the postman delivered it at my address, it is a statement of account of sumone who has taken a loan . i have tried contacting customer service dept, got no help even after running from pillar to post,

i fear that someone else has obtained a loan from this bank but has used my address.
1) I haven't been clarified who & why was this done?
2) kindly help me in clearing out my address out of this fraud.


Thanks & regards,
Reetu P shetty
B-401,Panchavati CHS,sec-5,
Ghansoli, Navi Mumbai.
PIN: 400 701
cell no :[protected]

My Name is P.Rajitha taken car Loan from Kotac Mahindra Prime Ltd.

Cheated On 24/11
Amount Financed : 688000:00


Balance :555694:00 As there shown for Foreclosuer

The Bank branch been taken care MR.Anukur

Mr. anukur Manager and the agency both planed and cheted us by taking amount and not given the Reciept missused my amount and later they Cesed my vechile

when i politly went and requested them and told i have paid the amount
they sent the cash by agent and given the amount back to me.
when I told why cant you give me recipt they said
they have cessed my vechile and we are help less asked to pay bribe to cesing person when i threatended them ill go and give police complaint
they have plannly requested me to come on the next day.

After That said there is holiday as AP formation day.
and maid me to wait till the Night in the bank
then next day the other manger told that we cant relase the vechile till MR.Ankur come after his holidays after Diwali

Now they say to pay full 555694:00

I dont know what to do i told i have $ lac relase my vechile they then too asking Bribe

I have already told To State Head--- Mr. Basava Raju. at Banglore

But no one taking any thing serious Mental troucher to my husband and Me..

we are Cheated Brutely

People told not to be to soft with bankers but we dont know how to fight...

P.Rajitha [protected]

TO
KOTAK MAHINDRA CREDIT CARD

I SYED SUHEL HUSAIN IS A RFPUTED CUSTOMER INDEED
IAM USING KOTAK CREDIT CARD NUMBER [protected]
I HAD DEPOSITE A CHECK OF 38300.00 ON 23 OCTOBER 2010
NOW I RECEIVED MY KOTAK STATEMENT WHERE I FOUND A PENALTY /CHARGES TTHE MANAGER
HERE
THIS IS MY HUMBLE REQUEST TO YOU PLEASE REMOVE THEASE KIND OF CHARGES
AS SOO AS POSSIBLE.


SYED SUHEL HUSAIN
M. [protected]

I am Cinni Patel
Ahmedabad - Gujarat - India


I do have two complaints for kotak.

1) Credit card protection plan.
I have received call from [protected]
A lady asked me to book any complaint i have about Kotak bank service.

I have described my complaint regarding 2) "Request Statement charge Rs 55". There was no prior notification on net banking web page, And bank has deducted Rs 55 and stated that i will receive Statement by POST. I havent received any Post from Kotak.

After listening to my complaint the lady described about a 'Card Protection Plan'
I have NOT agreed about the plan and after 4 days, Kotak has debited Rs 1295 from my bank account. I do not know what that lady has done with my kotak bank account number.

The executives are not replying correctly. They say i have to call customer care.
Customer care says, i will receive a welcome kit. I have NOT received any kit and i am not interested in the credit card protection.

WHY THE BANK IS NOT UNDERSTANDING. WHY IT DEDUCTED Rs 1295 and Rs 55 with no notification. And i have not received any thing.

Please help to wake up fraud banking services.

Dear sir / Madam,

With respect I beg to say that my mother Mrs Kamlesh has taken a policy from Kotak Mahindra Old Mutual Life Insurance Ltd policy no.01633392 . She has expired on dated 28/08/09. I am the nominee for the said policy and I have submitted the claim application to Kotak Mahindra Old Mutual Life Insurance Ltd with all required documents. Time to Time also provided all right information and given the replied all questions positively to the company. But still claim is pending for settlement. I am not delight with respond by company after regular follow up.

Requesting you kindly help the coustomerin process the claim of Policy no[protected]Kemlesh) , Claim id[protected] .

A prompt action in this matter will be helped to the customer .



Thanking you

Your sincerely
Dharmveer Tyagi
ITC Limited Food Division -Biscuits unit
Plot No. 1,Sector-11 , Integrated Industrial Estate,
SIDCUL, Haridwar-249403
Ph.No.-[protected]

Dear Sir,

I have taken policy with kotak pension plan policy No. 01396972. Now i need account statement still today. and u send me the hard copy to my below address.


With
Regrds,
Kotresh J M
816/4, Behind Aproova Hotel,
Opp. Omkar Ganapathi Temple,
Rudraiah compound, P. B. Road,
Davangere - 577 002.