Kotak Mahindra Bank

Savings rate cut: These banks are still offering 6% interest, here’s a look






Savings account, which is considered as the most basic financial product, has become a new "tool" for the banks to reduce liquidity post demonetisation period. It is best suited for salaried employees or people with a monthly income.  The savings account rate is at its lowest in six years, which is directly affecting small savers.  Latest entrant in the list […]




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Kotak Mahindra Bank’s Kotak 811 saving account goes beyond mobile app






Private sector Kotak Mahindra Bank today said customers can now open zero balance 811 account through multiple digital platforms as against earlier limited option of mobile app. With an objective to provide more convenience, a customer can now open bank account through various digital channels, including computers instantly from anywhere in India, the bank said in a statement. Union Bank […]




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Kotak Mahindra Bank retains SB a/c rates at 5-6%






Borrowers matter, so do savers,” tweeted Uday Kotak, Executive Vice-Chairman and Managing Director, Kotak Mahindra Bank, on Thursday even as his bank decided to keep its savings bank rate steady at 5-6 per cent. This decision comes despite the RBI paring the repo rate (the interest rate at which banks borrow funds from the central bank to overcome short-term liquidity […]




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