Kotak Mahindra Bank — fraud company blocked all money from my bank account without permission

Address:Pune, Maharashtra

I am bhaumik desai. Contact number [protected]. I had applied for kotak pl. They told me that my amount has been approved and will get disburse in 1-2 days. They kept me waiting for 25 days and after 25 days they gave me only 5% amount of my application with higher interest rate. After 1-2 months suddenly they sent a credit card without asking me. I added money in my kotal bank account for my pl emi they blocked whole amount. Again i transferred another amount for emi they blocked that amount also. I added money 3 times they blocked all my money. Total 60k they have blocked without my permission. Due to them today my emi will get bounce.

I observed their strategy to put customer into bad debt by asking them they will give you loan amount at lower interest rate. They will make you helpless by letting you wait for 25 days. They will give you less amount so that you will thik some other options for rest of the money and suddenly send you the credit card. Once you use their credit card you will suffer with bad debt. At the end they will insist you to make minimum payment which will totally they count as an intrest. Worst bank i har ever seen.
Made multiple complaint but still my money is blocked. And no body is responding. Going to close all accounts.

Beware of their scam. Don't choose kotak mahindra bank. They will take tour money without your permission.
Was this information helpful?
No (0)
Yes (0)
Kotak Mahindra Bank customer support has been notified about the posted complaint.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Kotak Mahindra Bank
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    29%
    Complaints
    4806
    Pending
    0
    Resolved
    1326
    Kotak Mahindra Bank Address
    27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, India - 400051
    View all Kotak Mahindra Bank contact information