Kotak Mahindra Bank Complaints & Reviews

Hello Friends,

I had a Kotak Credit Card last year and due to its negligent credit card customer care service I choose to close it with a full and final payment through "Sree Consultancies" their authorized collection agents. I did make the payment in the month of Feb 2009 and untill now my card has not been closed and after all this I still end up getting calls for repayment, monthly statements and alerts. I have...

IN SPT/OCT.2006, I RECD. REPEATED PHONE CALLS FROM SOME MR. SHARMA OF KOTAK LIFE FROM DELHI, ASKING FOR LIFE INSURANCE.
AS I WAS A RETIRED PERSON, I DECLINED FOR ANY LIFE INSURANCE AND TOLD THAT I WOULD BE INTERESTED IN ONE TIME INVESTMENT O[censored]PTO ONE LAC OF RUPEES WHICH SHOULD GIVE ME REGULAR RETURNS.
THEN NEXT DAY HE PHONED ME THAT HE HAS COME OUT WITH A PROPER SCHEME FOR ME WHERE I HAVE TO INVEST Rs. 1, 00, 000/- ONE TIME...

I have taken a loan from Kotak and they are still charging me interest @12.5% in the current market scenario when other banks have infact reduced their Interest rates. The customer care guys and the home loan dept. personnel are highly unprofessional, rude and waiting ot cheat the customer.

Infact for those who do not know, in case one does want to foreclose the loan, they charge 2% on the total amount outstanding + prepayments...

Hi,

I have a saving account in Kotak Mahindra bank (A/cs no. `[protected]). In last three quarters the bank has deducted more than 2500 Rs from my account as Non-Maintenance Charge. I was not checking the my account statement regularly. When I complaint abt. that the bank person informed me that "your account (A/c no. `[protected]) was opened under a Promotional offer. We have changed the status of your account....

I took Home Loan from Kotak Bank, 2 years ago and they have since charged me hefty Interest Rates.
Initially ther offered me 0.25% lower that the Axis Bank and other Indian Banks and immediatey started to raise the same when I took the Loan.

ow when I am fed up of their poor service, I cannot leave them as they charge me a hefty 2.25% Interest Rate. In short Never ever Take Loan from Kotak Home Finance or Kotak Bank.br...

SUB:Complaint against Mr.Samuel J Biju of Chennai Branch against Misbehaviour with Customer.

This is to bring to your kind notice that I had send the following mail to Mr.Samuel on the
clarification of my Personnel Loan & instead of clarifying on my query he's started shouting
on me for overdue of the installment & threatened me with serious allegation & wants me to come
to chennai from...

Dear Sir,

I took one policy no. 01113519 on 27/06/2008. When agent came to sell the policy he promised me as under :-
1) I have to pay the premium for 3 years.
2) I will get rs. 1 lac & 20 thousand after 3 yrs.
3) I will a death cover of 10, 00, 000

but now when the renewal of policy has come I came to know that after paying for three yrs i.e Rs. 60, 000/- I will get only Rs. 40.000/-...

Dear Sir

This is with reference to an employee names Ms Yogita who supposedly is working with Kotak Mahindra – Personal Loan dept since last 5 years. Ms Yogita got me a Personal Loan approved of Rs 4 lakhs ( including the foreclosure of the earlier loan which I held with Kotak) in the Month of June. I have few complaints to lodge against her as an individual as she is one of the most irresponsible customer care personnel...

Respected Sir/Madam,

I Aditya Rana would like to file a complaint agains Balram residing in New Delhi. My father is retired from army .We have to buy a Swift car from canteen . So we meet a ajent who deal in types works . we gave hime files and paper for car loan approval. He said that you just give booking amount to book car. so we gave hime 30000 Rs and on next day he said your car is booked just waitnig for loan approval....

Well my name is Sandeep Yadav and i am holding Kotak Credit card for last 1 year.
My customer relationship no. is 17409039. In starting when i got my credit card, they told me that you can convert any purchase of above 5000 rs in three months EMI. so keeping that in mind i bought some electronic goods worth 30 thousand and call customer care for converting it into three month EMI.
But i when i recieved my statement there was...

To,
M.D. Kotak Mahindra Old Mutual Life Insurance Ltd.
Mumbai (M.H.)

Dear Sir,
With refrence to above i have purchased a policy from Kotak bank Raipur. In that time i had told ur office members Mr.Vishwajeet bm, Mr.Sagar Shrivastav that i have only 1 lakh Rs. n manage urself within this amount since, i was having trust n good relations with your bank n i was also having an investment in your bank...

Kotak people has confirmed me on Email stating that no Zero balance can be maintened in my account, But sadly a charge of Rs.825.00 has been debited for "Non Maintenence Charges". And I have been chasing for a week through mails & telephone calls "[protected]" with poor and bad response from the bank people. And till now this has not been reversed....

hi sir iam venkatesh iam using kotak credit card no:[protected]
iam giving complaint four times but no responce
actually iam droped the cheque in september 2008 but not coming for clearing that time but
that cheque comming in febreuary -2009 that time iam not know that cheque was returnet
they are chrged Rs.600/- that amount iam paid but in april month iam dropped the cheque in time but they are charged...

This is with reference to my mail to concern department regarding my grievances with my accounts with Kotak Mahindra Bank

I gave a request for account transfer to Kotatak Mahindra Bank Panchsheel Enclave, New Delhi from Kotak Mahindra Bank, Noida.Which is more 2 months and nothing has happened till date.

Till date my account has not been transferred and my problems regarding unwanted charges levied by Kotak Mahindra...

I WROTE THIS LETTER TO KOTAK BANK.----

PLS. READ THIS LETTER AND DO THE NEEDFUL IN THIS MATTER.

THANKS & REGARDS,
P.I.PAREKH
[protected][protected]
TO,
Kotak Mahindra Bank Ltd.

By Regd. A.D.

Dear Sir,
Re. : Savings Account No.: 081XXX00X006X, CRN NO. X9X50XX4

I am holding savings cum term deposit of Rs. 1, 00,...

Dear Sir,

I am holding a savings account with Kotak Mahindra bank, which was opened on the pretext of providing a free trinity account. I already have 2 savings accounts with other reputed banks and I did not need another savings account. The bank informed me about the free savings account ( no joining fees/annual fees/ no minimum balance to be maintained), demat account and trading account. I have emails from the banks in...

I have a kotak synergy account no.[protected].When I opened my account with Kotak securities it iwas told to me that I will get trinity account with kotak and will get ZERO BALANCE account with kotak mahindra bank.but still AQBL charges are levied to me for last quarter APR-JUN 09. NO email or SMS alert was sent. This is cheating and fraud with customer .I condemn this move and request bank to refund the charges....

Respected sir, myself piyush from jodhpur and i have done a job in kotak mahindra life insurance from 27may 2009 to 25 june, and as before joining the job i wall told that ill get the 1500 monthly basic and it is fix and and later i was known that this wall all wrong and no salary is 1500 as when i will open the acount on first of the month then only ill get 1500 basic salry as i was played with my sciencierty. by tthe venue manager and one...

I was interested in opening a 3 in one account. The sales guy said based on my employment credentials I am eligible for a free Pro Savings Account along with a trading account and a demat account. First of alll I was not happy in the way he made me fall into his trap. He said that I should first open the SB and Investment account and later link my demat with the SB as by this way I could save processing time. I paid a check of Rs 20750 ....

I received a letter from Kotak Bank Safdarjung Branch, wherein, they mentioned that they have received a complaint from Ms. Abhinandini Sharma alleging unauthorized debits from her Account no. [protected] and because i received amount from this account to my saving account in Kotak Bank, Saket Branch, the bank has freezed the debit facility of my account no. [protected]. I have replied to the bank's letter on 7th July. I haven't...