Kotak Mahindra Bank Complaints & Reviews

Its over a year now and i have still not received the agreement copy & the sanction letter till now.
When ever you call the same wording you will hear "its will reach you in 15 days" or "the courier services returned as no one was available at home". When you ask for the Courier Service Name & Docket # their is no response.
Kinly Advice me as what can be done or Shall i stop the ECS debit for them.

sir, i had made a systematic investment plan in Kotak Mahindra Mutual Funds. The amount of Rs. 3000/- used to get debited every month directly from my ICICI bank account. Its been 6 months since the time i invested, but till now i've not received the investment documents. Also, after 3 months from start date, they stopped debiting the amont from my bank. Numerous calls to the customer care centers of both ICICI & Kotak mahindra were futile. That's why i want to close the Mutual fund and withdraw whatever amount have been saved till date. For this i need the documents, which Kotak hasn't given till date. please help.

regards
paapori

i was terminetted from service,
iam a DRA of stpl collections hyedrabad division
sir now iam out of kotak mahindera prime ltd now i dont have fear,
i want to tell you some importents things about kmpl.
mr. b. rajashekar reddy who is maneger of stpl collections hyd.
emp id, 1327
he was useing his powers in wronge way,
like every month he was claiming the salarys by adding incentives to exe and same he take back when the salarys comes . the same will contneing from last six months and 4to 5 exe every months.
approx it will be 25000. per month.
and also he was terminetting those who will not accepts to his conditions.and also misguaiding the costomers
please look into matter and do the justify to me
iam work for kotak and i will never expects this from rajashekar reddy

thanking you
xxxxxxxxx

Dear Sir

I have availed Home loan from Kotak Mahindra Bank in Sep, 2007. Initially they charged 11.75% as interest rate and then within two months it was raised to 12.75% from October 2008 on wards it was raised to 13.75%. Looking the jet raise in the Rate of interest, i have decided to shift the home loan to State Bank of India. I have approached them and got green signal for take over. But the Kotak mahindra bank has refused to show the original document for review of SBI legal advisers. Now i have left with no choice. I don't know why the bank is behaving so badly. When i have asked for the documents they replied that "there are no hard and fast rule to show the documents". Kindly suggest me what measure i have to take.

Regards

Pushpanathan

sir,
many of times i make complaints against kotak mahindera prime ltd. iam a dra of stpl collections hyedrabad branch from last 2 years iam working with kmpl and my performence is also good on dec2008 suddenly they are terminated me from service iam vary poor person.
right now i dont have a job, i dont know what to do, i request higher athourities to look into matter do the needful to me...
i want to know what is the reason behind terminating me, bcoz iam very sincior to my work
i dont have any official contact numbers, thats why iam using this consumer complaints.
if any one knows the contact numbers or any personal email ids please let me know my email...
i will give my ph. no: [protected]..
iam waiting for your feedback and also i want to continue my work in the same department

thanking you sir,
kumar (hyderabad).

Hi
I have taken a home loan from Kotak Mahindra Bank 1 yr ago.
It was 11.25% floating which they have increased to 13.5% ...
Can u Imagine !!!
They have increased this 2 time without inecreasing the tenure and without notifying me. (my tenure is 20 yrs)
Is it true that tenure can't be increase beyond 20 yrs?
now they are telling me that i have outstanding amount... which i need to pay ...
What legal options do i have and most importantly how fast this matter can be solved if i go for legal option.
Is there a regulatory in India (like RBI) who can control what maximum level home loan interest rate can go upto?
And y kotak is not decreasing it to say 9.5 or 10%?

regards
Nilesh

sir,
we are a collection exe of kotak mahindera prime ltd hyedra division, stpl department,
we are working from last 2 years. and our performence is also good. suddenly on dec 2008. my maneger has termenetted us.
one maneger named is b. rajashekar reddy employee id no is 1327, and another is shiva shankar who is friend of rajashekar he was joined recently as a team leader,
the both are doing froud like every month they are claming a collection exe salarys by adding a incentives to those exe who will not elegiable for incentives they are claming this 5to 6 exe every month. and when the salary comes they take it from exe.
this will happening from last 6 months.
approxmetly they are getting 25000. as side income every month.
to whome we will tell this we dont no.
we are requested to mr. uday kotak ceo. to look into matter because we already spoke to mr. saboo but he was not showing intrest in this matter.
now we are out of kotak mahindera because of this. now we are helpless. no job no money
thanking you. uday kotak garu.

Dear sir/mem,

i having taken before 28 month kotak loan rs.225000...after 24 emi clear no any bounce. bank given me good offer rate and amount increase.

but after 5 month process...they only given 130000. and same amount loan with rate increase...

on aug-2008...onword my business shut down and i was big lost amount on share market. after on sep-2008 i was meet on SURAT OFFICER KOTAK BANK LTD. Mr. IRFAN AND GANDHI MANAGER. Request that after 5 to 6 month i will be found new job ... i will paid due but withing 4 months they taken against me on COURT CASE ON NEGOTIABLE INTSTURMENT ACT 138.
So, what can i do...

right now i m unemployee with i haven't that's much amount. and bank collection officer so, much harressement me. i will future also if not amount adjust. i will suside and full responsible on KOTAK BANK EMPLOYEES...

H.D.PATEL
M] [protected]

sir,
many of times i make complants agenst kotak mahindera prime ltd .
iam a dra of stpl collections hyedrabad branch
from last 2 years iam working with kmpl
my performence is also good
on dec2008 suddenly they have termenetted me from service
iam vary poor person . know iam helpess
many of times i try to contact with higher official but iam not geting any datils .
i really worked hard for kotak
plse look in to matter and do the needfull
and save ma and my family sir

i applied for the credit card last month till know one called me and without reason they rejected .totally waste of time to apply kotak credit card, you simply wasted my time.this my mystake i applied kotak credit card.

without genuine reason rejected.

bye bye...

Regards
Rahul.K

Hi

Kotak mahindra recovery people they are thinking they can do what ever they want with customer if
They can use any type of words to the people one basstered is name adithaya he think that he is he
King and onower the bank he is not born for one i think he born every one in this worlod he
He using all 3 grade words on the people i dont no how this people allowed to work from rbi
And.

Hi,

I got courier till now i didn't receive any docs..i got sms from kotak bank like card sent on 28-Nov-2008 by ExpressIT Courier AWB [protected], till date(06-Nov-08) am not got that courier pls review that, do need full .


Regards,
M.Bakkiyaraj
Asst.Manager-Commercial Banking, Chennai
[protected]@hsbc.co.in

I had a carloan from them in 2003 Appl No[protected] and the last installment was cleared on 2nd Aug 2008 after that inspite of submitting the relevant documents for the release of NOC they have not yet send it to me . Everytime repeated calls to them has been a harassment for me as they transfer it from one person to another and all they say is you will get it in 7days and like that 2 months have passed . Even calling their national Customer care number same reply . I want to take stern action against them .
I also found out that my car which is registered as WB02 R1079 is showing some reg no- WB71 ... in their system which is a fraudulent activity of one of their staff.

Now I have sold the car but could not complete the transfer of ownership paper works as NOC is not available and also the buyer is not paying the money to me .

Dear,

Few days ago I have applied for credit cards from kotak cards,
I want status of my application,
Please update me on my mobile ASAP.([protected])

Dear Sir/Madam,
am surya, applied for pan card on 11th nov 2008, but till now i don't receive my pan card. currently working with kotak mahindra bank ltd at coimbatore.now they are asking for pan card proof. so please immediatly action for my request.
Below My Details.

1.Pan card Application serial no :
[protected]
2.coupon No:[protected]
3.Mobile no :[protected]

Dear Sir/ Madam, I have been following with Kotak Bank for an amount which has been debited to me on my credit card against late payment charges since 2nd Aug 2008 and till now I have not got what I am seeking for, I will sir just brief the whole episode. I had applied for a credit card being an employee I got the same.
My first bill which was sent to me was paid in full at one go.
The second bill was not recvd and as It was a new card I paid the bill between 15th and 17th but later on when I recd the consequent bill I realized that the date was on 10th, and when I called them up they said being an employee you would have to get a waiver from your business head otherwise would have reversed the same.
I told them as I have already resigned and the mistake is from your end why should I ask the waiver from my business head?
And from that day after so many reminders I got a waiver of Rs 350.00 and have been asked to pay the rest of the amount.
And to top it up they have marked me as a default customer, I am very sure that there is not even a single penny of purchase which I have made on this card.
Request you to please help me.My card number is [protected] Regards, Sunil Menon[protected]

Respected sir,
I am mahesveri prasad rai from ghazipur city(u.p) .i am a on line client of Angel broking ltd. branch ghazipur. I was, on line registered in march 2008 and start my online trading from a cyber café, my code is vrns/blu080 and D/mat-Acc no.is[protected]. last time I have traded on 5th may 2008, and bought the 50 share of Kotak mahindra bank @880with full assurance that I have only this much for delivery, but on dated “08th may 2008” I have got a call from ghazipur branch of Angel broking that in my ledger balance sheet it shows 300 extra scrips of the same Kotak mahindra bank @865 =2, 59, 500, the same day at 5:30 pm I have phone to regional office of Angel broking Lucknow from a local P.C.O-no.[protected] to[protected] informed to mr.Ejaz& Mr.Ashwani about this problem and I have demanded for all my activity details (log details, contract details, client activity). Not only they make me fool they also delayed in sending my details. When I threaten them to move towards SEBI, so by this reaction they send my log details on 8th june 2008 & contract details on 17th june 2008 through internet on my mail id [protected]@rediffmail.com . in between this period from 8th may 2008 to 8th june 2008 they continuously threaten and mentally harrash me to pay the amount . After comparision between log and contract details, I found that there is a contradiction and on this basis I complain against Angel broking ltd. To SEBI & CNBC channel due to immediate effect of CNBC channel mr. Ejaz gave me a oral assurance on my cell no.[protected] on dated 24th july 2008 in evening-“ that we will not sold your any scrips till it comes to its original value and withdraw all your complaints from every were against us “ but due to continuous fall in the market the main office of Angel broking ltd. Mumbai sending me letter to pay the debit and starts charging the interest on the debit .
I have also given so many complaints letter to SEBI through internet, speed post, fax, through phone from 17th june onwards but I have not got any positive response from their side,
I honestly and truthfully accept, that my log details is true.and they have done unauthorized trade for their brokerage without my consent .
So, in this regard I heartly request you to please take a strict action and save me from continuous mental and economical loss. Also suggest me to take legal action against them.
With a hope of positive response from your side.
Thanking you
Mahesveri prasad rai
44/j rai colony
station road ghazipur(u.p)
mob. No.[protected]
mail [protected]@rediffmail.com

Hi Sir,

This is in reference to the application filled up by me online and no one has contacted me till yet for futher communication or to update me regarding the status of the card.

I am very much worried for the confidential information that i have provided to your company on line such as my bank account, pan card and my address details.

I am affraid if they are in wrong hands they could be mis used.

Please can this be checked and reverted as soon as possible with and update.

thanks in advance for the help and support.

Regards
Santosh Saravade

i had got a life insurance policy done by a kotak mahindra bank employee stating that i will have to pay the premium only once and there is a three year lock in period of investment .now on his begging to me for getting two policies done as to he had to get his target completed otherwise he would have been sacked from his job, i paid the premium of one lack for two policies .in between the ending of first term i used to get letters from kotak stating that i will have to pay the premium . i asked that employee and he said that no need to pay any prmium .now when the first term has ended that employee has shifted to another branch and i have got five to six letters stating that if i do not pay my premium then my policy will lapse .i went to kotak branch, wrote e-mails but it came of no help . i dont know about other branches but the branch of kotak mahindra in chandigarh as well in panchkula is a totally fraud one .do not ever ever invest with these people

I had a pathatic experience with the Kotak mahindra bank Bangalore branch. see the mail I sent to them explaing the injustice I am still waiting for the reply from them

Ramakrishna Valluri to somanna.[protected]@kotak.com10:33am On Wed, Nov 19, 2008 at 11:53 PM,
Ramakrishna Valluri wrote: Dear Mr. Somnna My loan Account details
Accont number: 508630
Name Ramakishn Valluri
My EMI started from March 2007.And every month 10th an amount of 6896 is being deducted thru ECS from my HDFC bank account. Till November the only month when the payment is missed is OCT 2008.In total 20 months EMI I already paid tt means 137915 already paid by me for the loan amount of 250000(rounded). With this kind of history How could you come to a decision to submit the security check and deduct 1, 91, 238 from my HDFC acount with out any prior information.

This sudden withdrawl caused a big impact on my personal life. When I talked to you on 18th of this month(nov 2008) you told that I missed APR 2008 EMI also. I would like to make your kind notice that in APR 2008 I missed the EMI on 10th so I paid the cash including the checque bounce charges on 19th APR.I have the reciept with me. SO ultimately with one EMI (OCT 2008) missed and NOV(2008) you still continued with ECS EMI and suddenly on 14th november you submitted the security check. May I know the exact reason? If you say you have done this according to your polocy Can you provide those details to me. Let me check these with the RBI approved polocies.

Since the impact is huge to me I need the details ASAP and if I am not satisfied with tht I will approach it leagally.

NOTE: I was also promissed one EMI waiver and I will provide the proof for that