Kotak Mahindra Bank — CRN 607345 - NRE - Retrospective charge applied 7K INR

Address:

Bangalore, Karnataka

I have opened NRE /NRO Account a couple of year ago, I have not been able to operate this account from outside India despite several attempts to get it working. Finally I switched to my tried & trusted Banker. Now after 2 years, Kotak Bank has charged almost 7KINR towards Non- Maintenance charges, they are sending weekly, monthly reminders to my e-mail almost to the point of passive agressive harassment. Other banks not deducting & even if they are deducting they tell you in advance that account has fallen below minimum. This is against RBI Policy regarding such charges where a) cannot be charged & b) cannot be applied retrospectively.