Kotak Mahindra Bank Complaints & Reviews

I dont want any sms from your bank so please dont sms me and unregistere my number.

I purchased a smartphone phone from amazon on DEBIT CARD EMI on 5th may however I cancelled the same on 8th may and amazon has refunded money to my bank account on 13th may rs 15299 Refund reference no 20220509 And 20220510 But till now my money is not credited to my account

I also filled charged dispute form in kotak netbanking site with interaction id 4820449
Plz resolve my issue
Complaint id 1-[protected]

COMLAINT SUBJECT: FORE-CLOSURE CHARGES ON FROM “MESME UNITS” ON TAKE OVER

CUSTOMER: Firm M/s Vansh Marketing-Prop.: Lovely Verma
We are availing undernoted credit Facilities from Kotak Mahindra Bank Ltd.
A) VANSH MARKETING -OD- for WC (A/C [protected]) -90 Lakhs
B) VANSH MARKETING -GECL (5199CL[protected]) – 16.62 Lakhs

Complaint 1: To Regional Business Head (North) on 3rd May, 2022, and reminders on 9th and 11th May 22. Reply received on 19th May, 2022 asking 2% Foreclosure Charges.
Complaint 2: To Zonal Business Head mail dated 13th May, 2022, reminder on 18.05.22, requesting waiver of Foreclosure Charges. Reply recd. on 19.05.22, maintaining decision "to pay 2% Foreclosure Charges otherwise approach to Banking Ombudsman, if not convinced."
Complaint 3: To President and Business Head, Kotak Bank on 13th May 22, 18th May 22 through endorsement of mails. / reminders & replies. No response.
CAUSE OF COMPLAINT:
• We are MESME unit, duly Regd. under Udyam Aadhar. Accordingly, Terms and conditions applicable to our accounts were amended as per Govt’s PSL Norms. Govt. declared many other reliefs to boost MESME units for which Bank had already obtained Udyam Aadhar Registration Certificates from us.
REASON TO SWITCH BANKING
• We were facing non-responsive attitude of Bank like delay in sanction / disbursal of Loan, responding our phone calls, replying mails etc. which showed deficiency and reluctance in providing prompt and satisfactory customer service. In order to take effective business decisions as also to overcome mental trauma, we were compelled to shift 5-year-old credit arrangements from Kotak Bank to elsewhere.
CAUSE OF COMPLAINT:
• Take-over Bank, ICICI Bank today handed over Draft with request to liquidate accounts and release properties in their favor. Kotak Bank, received draft with a condition to release property after charging 2% fore-closure charges on entire limit i.e., Rs. 1.80 Lac + Taxes.
• We understand that terms and conditions under PSL norms are monitored by RBI and are comprehensive and uniform for all accounts whether it is Govt. Guaranteed or guaranteed by Collateral Security hence we are not liable to pay any additional charge as in case of GECL.
• When Govt. / RBI is in free hand to help MESME units, in overcoming Covid Impacts, Bank is imposing unethical hidden charges which are not at all specifically mentioned in Sanction Letter. This is a sort of blackmailing to withhold residential property of our 69 years old Parents and creating mental trauma to family, in addition to other previous financial losses.
We, as MESME unit, have right to switch-over credit arrangement for want of better customer service on better terms and conditions, without any additional hidden charges.
• Kotak Bank’s Seniors didn’t pay heed to our request and are adamant to charge 2% fore-closure charges as demanded earlier else to escalate complaint to Banking Ombudsman.
Prayer: Being MESME units, we are exempted from Fore-closer charges in case of Take-over specifically due to deficiency in Customer Service. We request you to kindly instruct Bank not to impose any additional charge / Fore-closure charge on our accounts and to complete the take-over process without any hindrance.

Regards

I am receiving SMS from Kotak811 regarding opening of kotak811 zero balance saving account, which i am not interested and it keeps annoyiny my privacy. So could you take effective action against it as soon as possible.

Thanks

Please stop the unwanted account opening message of Kotak Mahindra Bank I don't want to open any account and take credit card from your bank and not taking any type of services from your please help me by stopping the unwanted messages on my phone number that is [protected] please take into this serious matter please please help

Hello Sir,

Previously i have kotak mahendrabank credit card and i settled total amount before two years.

But still it was showing in active i complined so many times to otak but no one can respond.

Please find the proof of account status

Please take it and solve my issue asap

Thank you

Transfered a Home Loan from HDFC to Kotak bank so my interest rates can be reduced but it was a mistake transferring my loan from HDFC to Kotak, i have signed for the interest rates of 6.55% but from the 1st installment my interest rates are more then 7.5%, Also the process took more then 2 Month, also they have added a insurance which wasn't required.
And also they didn't even gave me full amount of my loan and charging interest for full amount.

I name is manney uday yadav had credit card in kotak mahindra Bank. ([protected])
I had loss in business due to covid and am in deep financial crisis . Bank agency person calling my family memebers and friends and sending my image to local persons .In this regards i approached them to settle my account for 30000 . I clearly said i am in full of debts putting all aside first i want to settle your account .I told them I need a settlement copy but they explained me that you have pay first 15000 and after that we will provide after paying they told me we are unable to do it you have to do rest of the amount 15000 for settllement . If not you amount will be deducted to intrest amount. Now they are not responding to my call. PLEASE DO THE NEEDFUL IN MY CASE AND CLOSE THE ISSUE AS SOON AS POSSIBLE .

+[protected]raghav srivastav ) kotak bank employee has he mentioned me .

I am holding current account in Kotak Mahindra Bank. They now debited 24.78 twice which means nearly 50rs from my account. They stated that they debited the money for using ATM. But I never use my debit card. For nothing they took my money.

Many people won't look their statements often and even if they see they wont care about the small money. But this is a big mistake of the system.

Kotak bank should give a proper answer for this and refund to all and me the money they took from my account for nothing

Even writing 7 reminders and complaint till principal Nodal officer they are least bothered to resolve the matter. No address of issue since one and half months

On 6th May i received a call from Kotak loan collection department to clear the due installment for the month of May22, When i asked that which loan you are talking about then the person replied that i have taken 15lakh personal Loan from Kotak Bank .

When i asked in details then the called person told me that you have already deposited the 3 months (Feb to Apr-22) installments .

Then i visited to my Kotak Bank branch - Meerut, UP, the Bank Manager checked all the details and found there are 15lakh loan is showing my account and for this they have taken my complaint and closed my account on same day .
Also i have given FIR to local police thana meerut .

but after multiple followup with Kotak Bank Manager there is no improvement on my complaint.
Request you to please take it further and help for the resolution .

KOTAK MAHINDRA BANK
ACCOUNT NO- [protected]
IFSC- KKBK0005146
BRANCH - MEERUT
STATE - UP

Thanks
Regards
ARJUN SINGH
EMAIL ID- [protected]@GMAIL.COM

I fell prey to their credit card marketing hoping I won't receive any calls regarding credit card as promised by the executive. As per the executive Mr. Karthik (mobile.[protected]), he forced me to apply for the credit card promising he would cancel my credit card application so that they won't be disturbing for credit cards via phone calls
After applying for credit card I received the credit card and I am not able to cancel my card and the executive has blocked my number

My Transaction was done for cibil score, my amount was debited but transaction failed,
On date

May 6th 2022 IST 8.50am
Amount ₹1200

UPI/tech process/[protected]/transunion CIBI

Chq/Ref No:[protected]

Kotak mahindra bank

TPSL ID: [protected]
Bank Reference No:[protected]
Amt:1200

ref. no: 7ba8b665-f0a5-4c1d-b0db-b9bf678343de .

My 0 balance 811 account is in Kotak Mahindra Bank, they have charged me 227, , and now my account is showing me as a lien account, I can't withdraw money, showing closing balance in the account, but showing main balance 0 Is ..! What should I do?

Please don't send me text messages

Hello,
An Amount of ₹369.50 has been kept on hold/lien amount with Kotak Mahindra Bank and No action has been taken from Kotak Mahindra Bank to release amount and to be transferred to account.

[protected] - Account number
Kotak CRN :[protected]

At Earliest, Please take immediate action and release the amount to account.

Kotak bank recovery agents are calling for loan taken in 2005. I dont have the repayment records since it is already 15 years old. I escalated this to kotak Mahindra, but looks like they dont want to resolve the concern. I am ok to pay incase I get all the records of payment made which the recovery person doesnt have.

Hi,
I got the call from [protected] for getting the indusind bank credit card, she sent me one app to check the CIbil. As soon I provided the information (including credit card) in that app, Rs. 3000 deducted from credit card account. Request you to look into it and help me getting this transaction reversed.

Thanking you
Naresh

Dear bank,
I humble request you to kindly take necessary action against your credit card recovery agent Name priyanka, calling no.[protected], because she called to my old mother and others members for credit card bill payment.last month I told to recovery team I unable to make payment total outstanding due to heavy financial load on me.I told him to settlement my card with minimum amount, but they denied, so what can I do.I am helpless, and if your team again called and harassment my family then I lodge complaint against him/her in police station.
With regards!
Amit kumar jha
Mo.no.[protected]

I order a product from Amazon ie Oneplus 50 inch TV (Order ID[protected] on 1st May 2022 but i have to return the product.Amazon initiated the refund and it was expected on 6th may and it also gave me the Reference ID 74332742122212114448959 but kotak bank still havent credited my refund
This is urgent please help me as soon as possible