Claimed

Kotak Mahindra Bank Complaints & Reviews

1.5
Updated: Nov 7, 2025
Complaints 4823
Resolved
1326
Unresolved
3497
Contacts

File a complaint to Kotak Mahindra Bank

Having problems with Kotak Mahindra Bank?

File a complaint and get it resolved by Kotak Mahindra Bank customer care. It’s quick, effective and absolutely free!

SUBMIT A COMPLAINT

Kotak Mahindra Bank reviews & complaints page 242

Newest
  • Newest
  • Most Helpful
  • Most Popular
  • Resolved
  • Contains Photos or Videos
  • Oldest
A
ANAND .S
from Pune, Maharashtra
Jan 17, 2008
Resolved
Report
Copy
Resolved

I have been at the receiving end of KOTAK ADAYAR's unfriendly customer attitude for around an year and a half now.They had promised a ZERO BALANCE ACccount while the account was opened but have been continually debiting around 700 rs every quarter for NON MAINTENANCE Charges. The last quarter's debital was even funnier because the NON MAINTENANCE Charges were levied when I had 20% over and above the minimum required balance-for a normal account.
The customer representatives at KOTAK ADAYAR are avaoiding my calls , refuse to answer my emails and generally refuse to keep up even the basic opening promises. I feel I am dealing with an organization that does not know the meaning of Customer orientation at all.the bank has shown no steps in trying to resolve this issue over the past year and I am fed up from running from pillar to post.
regards
anand
Aug 13, 2020
Complaint marked as Resolved 
I have my own complaint for imposition of penality of Rs 300/- plus Service tax thereon for the cheque dropped by the third Party who has has not singned the cheque. The peon of the cheque holder dropped the instrument into their DropBox and they got the chance to collect the penality (money) which they are always awating.I have informed thrice in writing to the branch in sectro -9, chandigarh but they are sitting on it to take any decsion, but assuring that we are sending mail to higher authorties and wait for the decision. they seems tb be First cousin of Lehmen Brothers.
I HAVE A HOME LOAN 94820 IN THAT AFTER THE RISE OF INTEREST RATE TO 14.5% MA EMI JUMPED TO 14754 FROM 10682 I PAID RS225000 WITH A REQUEST FOR REDUCING MY EMI(AFTER SELLING MY WIFE'"S JEWEL AND BORROWING) AFTER 20 DAYS THEY TOLD THAT THEY SHOULD PAY ADDITIONAL RS9000/- TO REDUCE MY EMI. IF THEY HAVE TOLD EARLIER I WOULD NOT HAVE PREPAID RS.2.25 LACS. THIS IS VERY CRUEL UNJUST TO A SINCERE BORROWER. HOPE U WOULD TREAT BORROWER LIKE ME IN GOOD MANNER AND REDUCE THE EMI SO THAT THE LOAN DONOT FALL AS NPA.MY ONLY QUESTION IS THAT THEY SHOULD HAVE TOLD ME CLEARLY THAT I HAVE TO PAY EXTRA CHARGES TO GET MY EMI REDUCED. ALONG WITH THE MONEY I HAVE GIVEN A WRITTEN REQUEST FOR REDUCTION IN MY EMI. MY A/C IS AT KMB LTD EGMORE CHENNAI.PL DO THE NEEDFUL TO REDUCE MY EMI WITHOUT CHARING ADDTIONAL CHARGES
i heard that kotak bank is in trouble, so be careful all and it is advise if some one is keeping lots of money at kotak, must draw and transfer to some nationalized bank asap'
i have availed a home finance loan from kotak mahindra almost 3 months back, i have still not recd the home loan kit . i have tried to call kotak infinite times ( on following nos : 66782307, 66782320, 21 ) these are answered only by coincidence . i have also availeda home loan protection plan which was foorced on to me ( they said it is compulsory otherwise loan will not be sanctioned, which is a restrictive trade practice ) and paid a premium of 21 K rs, i still not recd receipt of the same and hence could not avail tax benfit this year, even for a paltry document like pricipal and interest statment for the year, i was required to go to their branch near vakola mumbai 2 times ans was made to wait for almost 2 hrs before being attended . they are least bothered about the agony theirt customers are made to go thru .before being associated with them i was banking with HDFC, they did not give me a chance to complain for 3 yrs ( jut to tell that it is not in my nature to complain ) . i hate myself for opting for kotak home finance . My details of home loan are ( acc no : 2132050 ), MY CONTACT NO IS : [protected] ), I ALSO KNOW THAT no body will even bother to read all this , but iam only taking a chance that some cutomer may read this and deter from opting for kotak mahindra, i also know that i have made a lot of spelling errors while writing this complaint, but i am not in a mood to go for spell check,
Helpful
Found this helpful?
4 Comments
Report
Copy

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    P
    Preethi
    from Delhi, Delhi
    Jan 10, 2008
    Resolved
    Report
    Copy
    Resolved

    Do not fall for this scam - kotak mahindra personal loan

    I was approched by one of the field executives representing Kotak Mahendra for a personal loan. I submitted all the documents required in the matter of a weeks time. After this is what got me really thinking "If i took the right decision by choosing kotak mahendra as the company I want to deal with".

    I was asked for some specific set of documents by the field executive first, which was promptly submitted. Later I...
    Helpful
    Found this helpful?
    7 Comments
    Report
    Copy
    A
    Amandeep
    from Gurgaon, Haryana
    Oct 21, 2007
    Resolved
    Report
    Copy
    Resolved

    This is to inform you that Myself Amandeep Arora, 4-65-A Shivaji Nagar, Gurgaon-122001, one of your non valuable customer with A/c No[protected] has been charged Rs 56. -- For twice in this month without any proper justification from neither your helpdesk & nor from your very ruthless and non cultured (who don’t even know how to talk) executives that deals in this sort of problems. its not the matter of amount, it’s the matter of standard that the company claims to be.
    It is that on 13-10-07 I withdrawn Rs 7000 from the atm u have just installed in our company name Omniglobe international,231 Udyog Vihar, Phase-IV Gurgaon and I came to know the balance to be 7071 before withdrawal. I wanted to know about the cheaque clearance of Rs 6000 so I requested a mini statement that I got printed from your machine showing last 7 or 8 transactions and I was shocked to see that I have been charged rs 56. -- On 6th of this month and today too. for that I made a call at your helpdesk [protected] number which is again not working in night for the last 2 weeks or more(as I go in night shift so I came to know) so I called it again from my home in morning and I talked with CCE named Sonia & registered a complaint number SK03.
    Now just before I am writing this I received a call from [protected] at around 3.45 pm[protected] but unfortunately I don’t remember the name of person speaking & I am very sorry to say that person seriously needs soft skill training as he should learn how to talk to the customers, at least to the customers who are part of corporate clients. he just called me and said that u must have wrongly pressed the button for full statement that you would receive at your mailing address and if you haven't received any then I would send you or collect it from our branch, when I told him that I haven’t made any such request as I don’t want any such statement and I have just received a mini statement from the machine for which I have requested then he said no no we don’t have any mini statement request in our machine and it is for the complete statement that u would receive at your mailing address and later he said ok we have that mini statement request (after I told him the path to reach that) but still I have wrongly pressed the complete statement request and that I will receive. (He was just sticking on the term that no u have pressed wrongly). I asked him ok if I make a request for complete statement would I be receiving it at machine then he said no then I said but I had received at machine so it is clear that I requested mini statement and there seems to be problem in the machine programming but he was still sticking on no no and when I told him that ok I think I am this much educated to differentiate between the mini statement and complete statement then he said ok the charges that has been debited cannot be reversed so he just cut down the call.

    After that I tried to call back that number but no one picked.

    Now tell me Is this the way that these persons are trained to solve the problems. I am very sorry to say that this is very harmful for you if their are any more persons sitting in, as this not helping to improve the business in any way. And I think I don’t need to tell in this competitive world in which their are many brands trying to get different customers once the faith of client is gone you can never get him back as it is with me.

    I am ICICI & Centurion Bank of Punjab subscriber for the last two and half years and have never faced such problem, but here in just 3 months you see.

    Now you see i am part of HRD of my organization and if I mail this to my organization heads and the different departments and just paste the printout of this outside your ATM location in our company I don’t need to tell the business loss you are going to face from our organization as I guess we have given you app 1000 A/c's from our company.

    I hope you take care to do the needful acts .

    Regards
    Amandeep
    [protected]
    [protected]@rediffmail.com

    Hoping to receive a reply soon...
    Aug 13, 2020
    Complaint marked as Resolved 
    Hai,
    I am Saravanakumar my personnel Loan is approved beform one month but till now no process get done. I didn't get my personnel loan i contact to the office in Parrys chennai. But i didn't get prompt reply. Just i want to know is it possible to give me loan or not . After that i can proceed my self with other banks.


    Thanks & Regards
    G.saravanakumar
    Mobile : [protected]
    9/14, Rajammal Street
    Shenoy Nagar
    Chennai-30
    I Ragini Pandey VLCC employee is holding a/c no [protected] of your bank (Kotak Mahendra Bank). I had done shopping at Vishal Mega Mart at Rajouri garden With my card. The charges are made twice(card used by the vendor twice in first transection card had not oprated but in second transection card had been debited0 .Please give me the mini statement of my a/c.Please send details as earliest.

    thanks
    To, Date:[protected]
    Kotak Mahindra prime Ltd.
    Vinay Bhavya complex
    1 st, . floor—cst Road
    Kalina – santacruz ( E)
    Mumbai—40 098

    Kind attn. Mr.Amit Mohan


    Sub:-- Clarification of sanctioned Loan amount against Car finance.
    Reference:- Agreement no.—CF—4688335dt. For Rs.1, 36, 000/--

    Dear Sir,

    Kindly clarify the following.

    1} Loan amount sanctioned & paid Rs. 1, 36, 000/- -- Rs.one lac and thirty-six thousand
    only and paid to SAI Motors—Mulund accordingly Sai Motors confirmed about said
    amount.
    2} Agreement showing Loan amount paid to me Rs. 1, 51, 000/--which is Not correct.
    Pl. send me copy of cheques issued Rs1, 51, 000/- to SAI Motors
    3} PDC collected for Rs. 5454/-- as against Rs.4711/-- for 36 months.
    4} Total amount through PDC being paid Rs.1, 96, 344/-- as against 1, 69, 596/--.
    5} Rate of interest Not shown, which is required Legally.
    6} How come extra amount for Rs.15000/-- is added as paid amount is Rs.1, 36, 000/--

    Is this policy of your organization to collect money without clarifying to customers on
    Papers?? What is the legal benefit & loss to me?
    I am overburden by paying this extra EMI hence this need to clarification on paper.
    I request you to kindly clarify above query & return back my extra money being
    Collected from me.

    Thanking you
    Kk sharma
    Dear sir,
    Kindly send me the details o[censored]r branch address @Gwalior ( MP).
    Recently I hv trasferred from MERRUT to GWALIOR.

    REGDS.

    Mnaoj
    This charges were rectified later on.
    RESPECTED SIR

    I VIKAS AGGARWAL HOLDING AIC NO.[protected] OF YOUR BANK ( KOTAK MAHINDRA BANK) TODAY I USED ATM MACHINE OF CORPOATION BANK AT SHALIMAR BAGH .WHILE WITHDRAWING RS 100/- UNFORTUNATELY ATM DEBITE RS 3000/- AUTOMATICALLY .BUT IN REALLY I HAVE NOT RECD. ANY RUPEE.

    SO IT IS REQUESTED TO U PLZ CR MY 3000/- AT EALIEST

    REGARDS

    VIKAS KR AGGARWAL

    [protected]

    AIC NO [protected]

    CARD NO.(8 DIGIT[protected]
    I Have pd instalment for nov month by dd no 519010dt 20/11/09at your kalina office on 20/11/09. still your collection agents harasse me on phone and use rubbish language, In spite of paying dues these people ask me several quetions. please stop this harassement . I got phone calls from phone no [protected].
    Please look into the matter
    Helpful
    Found this helpful?
    7 Comments
    Report
    Copy

    Post your Comment

      I want to submit Complaint Positive Review Neutral Comment
      code
      By clicking Submit you agree to our Terms of Use
      Submit