Comparative Analysis of Direct Banking Services of Kotak With Other Banks

COMPARATIVE ANALYSIS OF DIRECT
BANKING SERVICES OF KOTAK WITH

OTHER BANKS
A Summer Project
On
Study on
DIRECT BANKING SERVICE
IN
Banking Industry:-
For KOTAK MAHINDRA BANK.
Submitted to
PARUL INSTITUTE OF MANAGEMENT

WAGHODIA, VADODARA
Affiliated to
GUJARAT TECHNOLOGY UNIVERSITY,

AHMEDABAD
In partial fulfillment of the requirement of

Master of Business Administration (MBA)
By,
Under the Guidance of

INDEX
1. INTRODUCTION
2. ACKNOWLEDGEMENT
3. EXECUTIVE SUMMARY
4. RESEARCH METHODOLOGY
 RESEARCH OBJECTIVE
 IMPORTANCE OF STUDY
 RESEARCH DESIGN
 SAMPLE DESIGN
 SAMPLE SIZE
5. CRITICAL REVIEW OF LITRATURE
6. BANKING IN INDIA
7. RETAIL BANKING
8. COMPANY PROFILE
9. KOTAK RETAIL LIABILITIES
10. COMPARATIVE ANALYSIS OF DIRECT BANKING SERVICES

 KOTAK DIRECT BANKING
 ICICI DIRECT BANKING
 HDFC DIRECT BANKING
 SBI DIRECT BANKING
11. DATA
12. CONCLUSION
13. RECOMMENDATIONS
14. BIBLOGRAPHY
15. ANNEXTURE
 GRAPHS
 CHARTS
 QUESTIONNAIRE
PREFACE
This report expresses all my observations & experiences during my training. On the job training
module of our summer internship program (SIP) is very pivotal from the angle of learning the
practical concepts applied in day to day life in the industry. Tomorrow when I will step into the
corporate it will be easier for me to work in the competitive environment because this on the job
training experience will work as a foundation for me to take future decisions regarding various
strategies to be applied in order to achieve the desired results.
The main objective as mentioned earlier also is to get the practical market conditions knowledge
in order to succeed at the highest level in future. This report is designed in the simplest form up
to my knowledge and up to my level of understanding giving the crystal clear picture of what
work I have undertaken until now.
INTRODUCTION
The Indian banking industry is passing through a phase of customers market. A competition has
been established within the banks operating in India. With stiff competition and advancement of
technology, the services provided by banks have become more easy and convenient.
During my internship I experienced working as a part of Kotak Mahindra Bank Limited

(KMBL), Baroda Branch. This experience helped me understand the basic functioning of retail
banking to its existing and potential customers as well have knowledge of various Direct
Banking Channels.
The study gives detailed information of the Retail sector there being growing worldwide
appreciation of the fact that Retail sector play a catalytic role in the development process of most
economies.
I have presented my learning in the form of a Study of Retail Liabilities Division of Kotak
Mahindra Bank and comparative analysis of Direct banking Services of Kotak with other
banks. This describes the All Features and their USPs of a particular Product, Which is and can
be the need of consumer in near future.
It was very beneficial as I not only understood the customized products and services offered to
the customers, but also the entire procedure of Selling Of RETAIL Products(PARTICULARLY
CASA/TD/LI). Besides this I was enlightened on the procedures of how to activate net banking
facilities of customers as well as how to make online payment of bills of customers.
ACKNOWLEDGEMENT
EXECUTIVE SUMMARY
Banking in India originated in the first decade of 18th century. The first banks were The General
Bank of India, which started in 1786, and Bank of Hindustan, both of which are now defunct.
The oldest bank in existence in India is the State Bank of India, which originated in the "The
Bank of Bengal" in Calcutta in June 1806.
Currently (2007), overall, banking in India is considered as fairly mature in terms of supply,
product range and reach-even though reach in rural India still remains a challenge for the private
sector and foreign banks In March 2006, the Reserve Bank of India allowed Warburg Pincus
to increase its stake in Kotak Mahindra Bank (a private sector bank) to 10%. This is the
first time an investor has been allowed to hold more than 5% in a private sector bank since the
RBI announced norms in 2005 that any stake exceeding 5% in the private sector banks would
need to be vetted by them. Currently, India has 88 scheduled commercial banks (SCBs) - 28
public sector banks (that is with the Government of India holding a stake), 29 private banks
(these do not have government stake; they may be publicly listed and traded on stock exchanges)
and 31 foreign banks. They have a combined network of over 53,000 branches and 17,000
ATMs. According to a report by ICRA Limited, a rating agency, the public sector banks hold
over 75 percent of total assets of the banking industry, with the private and foreign banks holding
18.2% and 6.5% respectively.
The major work in this research project has been done with the view to analyze the Direct
Banking Services and its comparison with its competitors. And to know the areas where the bank
performance is lagging behind. I developed questionnaire and duly got them filled from various
customers of KOTAK and its competitors.
The analysis of the data so collected was the next logical step to undertake. The data was
tabulated, the responses were noted and suitable tools and techniques were applied to infer the
data. The survey revealed several important areas of concern for kotak.
RESEARCH OBJECTIVE
 PRIMARY OBJECTIVE
Primary objective is to make comparative analysis of the direct banking services of Kotak
Mahindra Bank and to find out what all things on which the bank should pay more
attention in order to satisfy more of its customers.
 SECONDARY OBJECTIVE
The secondary objective is to find out the different strategies adopted by its competitors
this will help the bank to overcome its shortcomings.
IMPORTANCE OF THE STUDY

• By the help of this study, the bank will be able to know its present situation. Thus, the
management will be able to take necessary measures by paying more attention on the
sectors which are outperforming and by this study they will also come to know what all
things the customers want.
• With the help of this study the company will be able to attract and build a large customer
base as they will be able to know the taste and preferences of the customers.
RESEARCH DESIGN
I have used a Descriptive Research design in my study as I have described all the features and
characteristics of different direct banking channels of kotak and its competitors to arrive on a
particular conclusion.
SAMPLE DESIGN
The sampling design adopted for this study is probability proportional to size as it has following
advantages:
 It reduces the heavily expected non response of many smaller operators.

 It provides a simple sample selection rule that allows flexibility in using most up-to-date
data from a variety of sources, thus minimizing the sample size.
 The study involved finding the responses of the customers of Kotak Mahindra Bank in
the Baroda region specifically. For that we administered the questionnaire to the
customers of Kotak as well as to its competitors.
SAMPLE SIZE
Determining sample size is a very important issue because samples that are too large may waste
time, resources and money, while samples that are too small may lead to inaccurate results. The
sample size for the region has been taken to be 100
CRITICAL REVIEW OF LITRATURE
In India still there is lack of users for internet as a medium for banking purpose, but the
banking system are upgrading and bringing many electronic banking medium for
customers so that banking can be made more convenient.
[1] Joseph et al. (1999) investigated the influence of internet on the delivery of
banking services. They found six underlying dimensions of e-banking service quality
such as convenience and accuracy, feedback and complaint management, efficiency,
queue management, accessibility and customization. Jun and Cai (2001) identified 17
service quality dimensions of i-banking service quality. These are reliability, responsiveness,
competence, courtesy, credibility, access, communication, understanding the customer,
collaboration, continuous improvement, content, accuracy, ease of use, timeliness, aesthetics,
security and divers features. They also suggested that some dimensions such as responsiveness,
reliability and access are critical for both traditional and internet banks. Jayawardhena (2004)
transforms the original SERVQUAL scale to the internet context and develops a battery of 21
items to assess service quality in ebanking. By means of an Exploratory Factor Analysis (EFA)
and a Confirmatory Factor Analysis (CFA), these 21 items are condensed to five quality
dimensions: access, website interface, trust, attention and credibility. From the provider
perspective, there are target quality and delivered quality. The focus of process- or supply-led
quality definition is rather internal than external, and it is defined as conformance to
requirements. It lays emphasis on the importance of the management
and the supply-side quality, and there is an important role of the process in determining
the quality of outcome (Ghobadian, 1994). Achieving the quality of conformance
between the planned (target) quality level and the real quality delivered to customers
depends on the service quality management system in an organization.
[2] IAMAI report on online banking 2006. 43% of online banking user haven’t
started online financial transaction because of security reasons, 39% haven’t started
because they prefer face to face, 22% haven’t started because they don’t know how to
use, for 10% sites are not user friendly and for 2% banks are not providing the facility of
internet banking. According to research 68% of the customers can not say that when they will be
starting the financial transactions through internet. Maximum numbers of online banking users
are male and maximum of them are in age the group of 25-35. Numbers of female users are very
less i.e. 17% only. More than 60% of the people who are having account with have accounts in
3-4 banks. Only 37% of Indian Internet users come from Top 10 cities i.e. Mumbai, Bangalore,
Delhi, Calcutta, Chennai, Pune, Hyderabad, Ahmedabad, Surat and Nagpur. Another day and
another number. As per IAMAI and I-cube, the number of active Internet user (i.e.ones who
logon to Internet atleast once a month) is now 32 million and numbers who have used Internet
atleast once stands at 46 million.
[3] The Indian Internet Banking Journey In 2001, a Reserve Bank of India
survey revealed that of 46 major banks operating in India, around 50% were either
offering Internet banking services at various levels or planned to in the near future.
According to a research report,( India Research, Kotak Securities, May 2000.) while in
2001, India's Internet user base was an estimated 9 lakh; it was expected to reach 90 lakh by
2003. Also, while only 1% of these Internet users utilized the Internet banking services in 1998,
the Internet banking user base increased to 16.7% by mid- 2000.
[4] Meute r et al. (2000) have identified critical incidents of customer satisfaction and
dissatisfaction with technology-based service encounters. Given that business-to-business
transactions are the fastest growing segment of technology-driven services (Hof, 1999); Meuter
and his colleagues (2000) suggested investigating what drives business customer satisfaction or
dissatisfaction with technology driven services.
According to Gönroos (1982), customers distinguish the quality of customer interactions
that take place during service delivery (functional quality) and the quality of the outcome
the customer receives in the service encounter (technical quality). Customers perceive the quality
of services of Internet banking based on the performance of online delivery systems – not on the
processes in which the delivered service is developed and produced. Because customers perceive
Internet banking service quality based on relatively standardized outcomes determined by online
systems, customer attitudes toward that outcome reflect overall quality of services delivered
Customers usually perceive risks in conducting transactions electronically and particularly if the
transactions involve money. Risk perception can be of six different types: time risk, finacial risk,
performance risk, psychological risk and safety/confidentiality risk. It is generally considered
that risk perception could be higher for electronic banking services. This study aims to
understand extent to which whether this is consideration is valid as well as to determine the
levels of risk perception differences among those using Internet Banking and those not using it.
BANKING IN INDIA
Banking in India originated in the first decade of 18th century. The first banks were The General
Bank of India, which started in 1786, and Bank of Hindustan, both of which are now defunct.
The oldest bank in existence in India is the State Bank of India, which originated in the "The
Bank of Bengal" in Calcutta in June 1806. This was one of the three presidency banks, the other
two being the Bank of Bombay and the Bank of Madras. The presidency banks were established
under charters from the British East India Company. They merged in 1925 to form the Imperial
Bank of India, which, upon India's independence, became the State Bank of India.For many
years the Presidency banks acted as quasi-central banks, as did their successors. The Reserve
Bank of India formally took on the responsibility of regulating the Indian banking sector from
1935. After India's independence in 1947, the Reserve Bank was nationalized and given broader
powers.
EARLY HISTORY
The first fully Indian owned bank was the Allahabad Bank, established in 1865.However, at the
end of late-18th century, there were hardly any banks in India in the modern sense of the term.
The American Civil War stopped the supply of cotton to Lancashire from the Confederate States.
Promoters opened banks to finance trading in Indian cotton. With large exposure to speculative
ventures, most of the banks opened in India during that period failed. The depositors lost money
and lost interest in keeping deposits with banks. Subsequently, banking in India remained the
exclusive domain of Europeans for next several decades until the beginning of the 20 th century.
Foreign banks too started to arrive, particularly in Calcutta, in the 1860s. The Comptoire
d'Escompte de Paris opened a branch in Calcutta in 1860, and another in Bombay in 1862;
branches in Madras and Pondichery, then a French colony,followed. Calcutta was the most active
trading port in India, mainly due to the trade of the British Empire, and so became a banking
center.
The Bank of Bengal, which later became the State Bank of India.
Around the turn of the 20th Century, the Indian economy was passing through a relative period
of stability. Around five decades had elapsed since the Indian Mutiny, and the social, industrial
and other infrastructure had improved. Indians had established small banks, most of which
served particular ethnic and religious communities. The presidency banks dominated banking in
India. There were also some exchange banks and a number of Indian joint stock banks. All these
banks operated in different segments of the economy. The exchange banks, mostly owned by
Europeans, concentrated on financing foreign trade. Indian joint stock banks were generally
under capitalized and lacked the experience and maturity to compete with the presidency and
exchange banks. This segmentation let Lord Curzon to observe, "In respect of banking it seems
we are behind the times. We are like some old fashioned sailing ship, divided by solid wooden
bulkheads into separate and cumbersome compartments." By the 1900s, the market expanded
with the establishment of banks such as Punjab National Bank, in 1895 in Lahore and Bank of
India, in 1906, in Mumbai - both of which were founded under private ownership. Punjab
National Bank is the first Swadeshi Bank founded by the leaders like Lala Lajpat Rai, Sardar
Dyal Singh Majithia. The Swadeshi movement in particular inspired local businessmen and
political figures to found banks of and for the Indian community. A number of banks established
then have survived to the present such as Bank of India, Corporation Bank, Indian Bank, Bank of
Baroda, Canara Bank and Central Bank of India.
NATIONALIZED BANKS IN INDIA
Banking System in India is dominated by nationalized banks. The nationalization of banks in

India took place in 1969 by Mrs. Indira Gandhi the then prime minister. The major objective
behind nationalization was to spread banking infrastructure in rural areas and make available
cheap finance to Indian farmers. Fourteen banks were nationalized in 1969. Before 1969, State
Bank of India (SBI) was the only public sector bank in India. SBI was nationalized in 1955 under
the SBI Act of 1955. The second phase of nationalization of Indian banks took place in the year
1980. Seven more banks were nationalized with deposits over 200 crores. List of Public Sector
Banks in India is as follows:
 Allahabad Bank
 Andhra Bank
 Bank of Baroda
 Bank of India
 Bank of Maharashtra
 Canara Bank
 Central Bank of India
 Corporation Bank
 Dena Bank
 Indian Bank
 Indian Overseas Bank
 Oriental Bank of Commerce
 Punjab and Sind Bank
 Punjab National Bank
 State Bank of Bikaner & Jaipur
 State Bank of Hyderabad
 State Bank of India (SBI)
 State Bank of Indore
 State Bank of Mysore
 State Bank of Patiala
 State Bank of Saurashtra
 State Bank of Travancore
 Syndicate Bank
 UCO Bank
 Union Bank of India
 United Bank of India
 Vijaya Bank
PRIVATE BANKS IN INDIA
All the banks in India were earlier private banks. They were founded in the pre independence era
to cater to the banking needs of the people. But after nationalization of banks in 1969 public
sector banks came to occupy dominant role in the banking structure. Private sector banking in
India received a fillip in 1994 when Reserve Bank of India encouraged setting up of private
banks as part of its policy of liberalization of the Indian Banking Industry. Housing Development
Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval
from the Reserve Bank of India (RBI) to set up a bank in the private sector. Private Banks have
played a major role in the development of Indian banking industry. They have made banking
more efficient and customer friendly. In the process they have jolted public sector banks out of
complacency and forced them to become more competitive.
Major Private Banks in India is:

 Bank of Rajasthan
 Bharat Overseas Bank
 Axis Bank
 Catholic Syrian Bank
 Centurion Bank of Punjab
 Dhanalakshmi Bank
 Federal Bank
 HDFC Bank
 ICICI Bank
 IDBI Bank
 IndusInd Bank
 ING Vysya Bank
 Jammu & Kashmir Bank
 Karnataka Bank
 Karur Vysya Bank
 Kotak Mahindra Bank
 SBI Commercial and International Bank
 South Indian Bank
 United Western Bank
 UTI Bank
 YES Bank
RETAIL BANKING
What has contributed to this retail growth? Let me briefly highlight some of the basic reasons.
First, economic prosperity and the consequent increase in purchasing power
have given a fillip to a consumer boom. Note that during the 10 years after 1992, India’s
economy grew at an average rate of 6.8 percent and continues to grow at the almost the same rate
– not many countries in the world match this performance.
Second, changing consumer Retail banking is, however, quite broad in nature - it refers to the
dealing of Commercial banks with individual customers, both on liabilities and assets sides of
the balance sheet. Fixed, current / savings accounts on the liabilities side; and mortgages, loans
(e.g., personal, housing, auto, and educational) on the assets side, are the more important of the
products offered by banks. Related ancillary services include credit cards, or depository services.
Today’s retail banking sector is characterized by three basic characteristics:
1 · multiple products (deposits, credit cards, insurance, investments and
securities);
2 · multiple channels of distribution (call centre, branch, Internet and kiosk); and
multiple customer groups (consumer, small business, and corporate).
3 . What is the nature of retail banking? In a recent book, retail banking has been
described as “hotter than vindaloo”1. Considering the fact that vindaloo, the Indian-
English innovative curry available in umpteen numbers of restaurants of London, is
indeed very hot and spicy, it seems that retail banking is perceived to be the in-thingin
today’s world of banking.
DRIVERS OF RETAIL BUSINESS IN INDIA

Demographics indicate vast potential for growth in consumption both qualitatively and
quantitatively. India is one of the countries having highest proportion (70%) of the population
below 35 years of age (young population). The BRIC report of the Goldman-Sachs, which
predicted a bright future for Brazil, Russia, India and China, mentioned Indian demographic
advantage as an important positive factor for India.
Third, technological factors played a major role. Convenience banking in the form of debit
cards, internet and phone-banking, anywhere and anytime banking has attracted many new
customers into the banking field. Technological innovations relating to increasing use of credit /
debit cards, ATMs, direct debits and phone banking has contributed to the growth of retail
banking in India.
Fourth, the Treasury income of the banks, which had strengthened the bottomlines of banks for
the past few years, has been on the decline during the last two years. In such a scenario, retail
business provides a good vehicle of profit maximization. Considering the fact that retail’s share
in impaired assets is far lower than the overall bank loans and advances, retail loans have put
comparatively less provisioning burden on banks apart from diversifying their income streams.
Fifth, decline in interest rates have also contributed to the growth of retail Credit and
increasing services in retailing of other financial solutions by generating the demand for these.
OPPORTUNITIES AND CHALLENGES OF RETAIL BANKING

IN INDIA
Retail banking has immense opportunities in a growing economy like India. As the growth story
gets unfolded in India, retail banking is going to emerge a major driver. How does the world
view us? I have already referred to the BRIC Report talking India as an economic superpower.
A. T. Kearney, a global management consulting firm, recently identified India as the "second
most attractive retail destination" of 30 emergent markets.
The rise of the Indian middle class is an important contributory factor in this regard. The
percentage of middle to high income Indian households is expected to continue rising. The
younger population not only wields increasing purchasing power, but as far as acquiring personal
debt is concerned, they are perhaps more comfortable than previous generations. Improving
consumer purchasing power, coupled with more liberal attitudes toward personal debt, is
contributing to India's retail banking segment. Retail sector, which at present is in the nascent
stage. Due to bundling of services and delivery channels, the areas of potential conflicts of
interest tend to increase in universal banks and financial conglomerates. Some of the key policy
issues relevant to the retail banking sector are: financial inclusion, responsible lending, and
access to, long-term savings, financial capability, consumer protection, regulation and financial
crime prevention.
CHALLENGES FOR THE INDUSTRY AND ITS STAKEHOLDERS

First, retention of customers is going to be a major challenge. According to a
research by Reichheld and Sasser in the Harvard Business Review, 5 per cent increase in
customer retention can increase profitability by 35 per cent in banking business, 50 per cent in
insurance and brokerage, and 125 per cent in the consumer credit card market. Thus, banks need
to emphasise retaining customers and increasing market share.
Second, rising indebtedness could turn out to be a cause for concern in the
future. India's position, of course, is not comparable to that of the developed world where
household debt as a proportion of disposable income is much higher. Such a scenario creates
high uncertainty. Expressing concerns about the high growth witnessed in the consumer credit
segments the Reserve Bank has, as a temporary measure, put in place risk containment measures
and increased the risk weight from 100 per cent to 125 per cent in the case of consumer credit
including personal loans and credit cards.
Third, information technology poses both opportunities and challenges. Even with ATM
machines and Internet Banking, many consumers still prefer the personal touch of their
neighborhood branch bank. Technology has made it possible to deliver services throughout the
branch bank network, providing instant updates to checking accounts and rapid movement of
money for stock transfers. However, this dependency on the network has brought IT
department’s additional responsibilities and challenges in managing, maintaining and optimizing
the performance of retail Banking networks. Specific challenges include ensuring that account
transaction applications run efficiently between the branch offices and data centres.
Fourth, KYC Issues and money laundering risks in retail banking is yet Another important issue.
Retail lending is often regarded as a low risk area for money laundering because of the
perception of the sums involved. Banks must also consider seriously the type of identification
documents they will accept and other processes to be completed. The Reserve Bank has issued
details guidelines on application of KYC norms in November 2004.
THE COMPANY
1 Kotak Mahindra group was established in year 1985, as “Kotak Capital Management
Finance Limited”
2 This company was promoted by Uday Kotak, Sidney A. Pinto and Kotak & Company
3 Industrialists Harish Mahindra and Anand Mahindra took a stake in year 1986 and that’s
why the company changed its name to Kotak Mahindra Finance Limited
4 In February 2003 Kotak Mahindra Finance Ltd., the groups flagship company was given
the license to carry on the banking business by RBI.(Section 22 in the Banking
Regulation Act,1949). Thus it is “20 year old new bank”
5 Kotak Mahindra Finance is India’s first ever company to be converted into a bank
6 Partnering the bank in growth are the leading international players like Goldman
Sachs(Investment banking and Equities), Ford Credit (Automobile Finance) and Old
Mutual (Life Insurance).
7 Group has a net worth of around Rs 5,600 crores, employs around 17,100 people in its
various businesses, distribution network across 344 cities and towns in India and offices
in New York, London, Dubai, Mauritius and Singapore.
8 The group services around 3 million customer accounts, and Bank enjoys the trust and
confidence of over 6 lakhs customers.
THE JOURNEY SO FAR
GROUP MANAGEMENT
 Mr. Uday Kotak Executive Vice Chairman & Managing Director

 Mr. C. Jayaram
 Mr. Dipak Gupta
OUR CORPORATE IDENTITY


KOTAK RETAIL LIABILITIES
A: SAVINGS ACCOUNTS
B: CURRENT ACCOUNTS
C: TERM DEPOSIT
D: MUTUAL FUNDS
E: INSURANCE
F: SAFE DEPOSIT LOCKERS
G: DEMAT
H: TRADE SERVICES
SAVINGS ACCOUNT
We have a number of variants of our savings accounts customized to suit your individual needs
so pick the one that matches your requirements & sit back to enjoy the Kotak experience!
 Ace Savings Account
 Pro Savings Account
 Edge Savings Account
 Nova Savings Account
 Classic Savings Account - available only in select locations
 Easy Savings Account (No Frills Account)
 Corporate Salary Account
ACE SAVINGS ACCOUNT
Features & Benefits
Free access at all domestic and international VISA ATMs
You no longer have to worry about locating your Bank or Partner Bank ATM - Use the first
VISA ATM that you spot, for free cash withdrawal or balance enquiry transactions. So walk into
any VISA ATM in India or abroad to withdraw cash or for balance enquiry.
Multiple access channels
Access your account anytime through your land line, mobile phone or internet to get information
on your account balance or track your transactions. You can even transfer funds through Phone
Banking or Net Banking.
Financial payments facilitated through the savings account
Use the free Kotak Payment Gateway to make online payments for your utility bills, credit cards,
online trading of shares or even online shopping. All this at the click of a mouse!
Quick and easy funds transfer Transfer funds
Easily and with speed, to a beneficiary account at another bank. You can avail of this facility by
walking into any of our branches or by simple logging on to Net Banking. You also get a free
multi-city cheque book so that money from your account is transferred to the beneficiary's
account at any of our branch locations, in the fastest possible time.
Free banking transactions
You can issue demand drafts or send cheques for collection anywhere in the country for no extra
charge.
ActiveMoney
Earn better returns in your savings account, with our ActivMoney facility that automatically
sweeps out idle funds, above a threshold, from your account into Term Deposits. These Term
Deposits sweep back into your account to meet fund requirements when your withdrawals
exceed the balance available in your account, thereby providing you maximum liquidity.
Free investment account
Use the Net Banking facility to purchase/redeem mutual funds online while directly debiting /
crediting your bank account. Further, you get a free investment account for tracking your
investments with the Bank. This account provides you a consolidated view of all your mutual
fund investments across schemes with updated returns status, latest NAV information and
research reports.
Dedicated relationship manager
You get a one point contact for all your banking related queries and transactions. Your
relationship manager is qualified to help you with financial planning and sound investment
decisions in order to meet your financial goals.
Family Savings Account
The Kotak Ace Savings package allows you to extend the Kotak banking experience to three of
your family members. Under this scheme you are eligible to open 3 Edge Savings Account with
NMC waiver on all 3 accounts, so long as the AQB of your ACE account is maintained.
Online trading account
Link your savings account to your online trading with Kotak Securities to enable transfer of
funds from your bank account to your account with Kotak Securities and vice versa.
PRO SAVINGS ACCOUNT
Features & Benefits

Unlimited Access
Access your bank account at over 35,000 VISA and Cashnet ATMs in India and over 388,000
Merchant Establishments which accepts VISA credit/debit cards in India.
Access your account through your phone, mobile phone or internet to get information on your
account balance or track your transactions. You can even transfer funds through Phone Banking
or Net Banking.
You can open an investment account, and use the Net Banking facility to purchase/redeem
mutual funds online while directly debiting / crediting your bank account. Besides this you get a
consolidated view of all your mutual fund investments across schemes with updated returns
status, latest NAV information and research reports.
Use our free Payment Gateway to make online payments for utility bills, credit cards, online
trading of shares or even online shopping.
Quick and easy funds
transfer Quick funds transfer to a third party account with another Bank is available across 15
locations through Net Banking. You also get a multi-city cheque book so that money from
account is received by the beneficiary in the fastest possible time.
ActivMoney
Dedicated relationship manager
You get a one point contact for all your banking related queries and transactions. Your
relationship manager will also help you with financial planning and sound investment decisions.
Free banking transactions

You can issue demand drafts or send cheques for collection on branch locations without any
charge to your account.
Family Savings Account
The Kotak Pro Savings package allows you to extend the Kotak banking experience to one of
your family members. Under this scheme you are eligible to open 1 Edge Savings Account with
NMC waiver, so long as the AQB of your Pro account is maintained.
EDGE SAVINGS ACCOUNT
Features & Benefits
Unlimited Access
Multiple Access Channels
or Net Banking.
Use our free Payment Gateway to make online payments for utility bills, credit cards, online
trading of shares or even online shopping.
Quick and easy funds transfer
Quick funds transfer to a third party account with another Bank is available across 15 locations
through Net Banking. You also get a multi-city cheque book so that money from account is
received by the beneficiary in the fastest possible time.
You can open an investment account, and use the Net Banking facility to purchase/redeem
mutual funds online while directly debiting / crediting your Bank Account. Besides this you get a
ActivMoney
NOVA SAVINGS ACCOUNT
Features & Benefits
Unlimited Access
or Net Banking.
Use our free Kotak Payment Gateway to make online payments for utility bills, credit cards,
online trading of shares or even online shopping.
Quick and easy funds transfer
Quick funds transfer to a third party account with another bank is available across 15 locations
through Net Banking. You also get a multi-city cheque book so that money from account is
received by the beneficiary in the fastest possible time.
You can open an investment account, and use the Net Banking facility to purchase / redeem
mutual funds online while directly debiting/crediting your bank account. Besides this you get a
ActivMoney
CURRENT ACCOUNT
 NEO CURRENT ACCOUNT
 EDGE CURRENT ACCOUNT
 PRO CURRENT ACCOUNT
 ELITE CURRENT ACCOUNT
 ACE CURRENT ACCOUNT
EDGE CURRENT ACCOUNT
Features and benefits
 Activmoney-Earn interest on idle balances automatically ‘swept out’ to TD!
 Credit Access- unsecured overdraft up to Rs 10 lakhs.
 Free 25 DD’s per month.
 Free NEFT and RTGS.
 Free payable at-par cheque book.
 Free cheque collection for cheques above Rs 1 lakhs.

 Free business Debit Card.
 Free access at all VISA ATM’s anywhere in India.
 Free cash deposit up to Rs 3 lakhs per month.
 Home banking service.
 Free Net Banking.
 Multi-city Banking.
 SMS Alerts service.
 24x7 toll free phone banking service.
PRO CURRENT ACCOUNT
 Free cheque collection at all branches.
 Free Home banking service.

 SMS Alerts service.
 Free beat cheques pick –up service.
ELITE CURRENT ACCOUNT
 Free DD’s upto Rs. 10 lakhs per month payable at non branch locations.
 Free cheque collection at branch locations.
 Free beat cheque pick-up service.

 Free SMS Alerts service.
ACE CURRENT ACCOUNT
 Free unlimited DD’s payable at branch locations .
 Free DD’s up to Rs. 30 lakhs per month payable at non branch locations.
 Free cheque collection at branch locations.
 Free cash deposit up to 5 times of average balance maintained per month.
 Free beat cheque pick-up service.
 Free SMS Alerts service.

TERM DEPOSIT
Features & Benefits
Ease and convenience of operation
Not a Kotak Bank customer and wish to apply for term deposit, online?
For the first time in India, New To Bank customer can also apply online for term deposit. If you
are an existing customer, you can place a term deposit through Phone Banking or Net Banking.
What's more, you can even renew this deposit by placing an instruction over phone. Needless to
mention, he can do all this and more by walking across into any of our branches.
Liquidity through overdraft or sweep-in facility
Your deposit will be available to you should you need them in case of an emergency. You can
avail upto 85% overdraft against your term by paying 2% above your deposit rate. This facility is
available for deposits above Rs.50,000 for a tenure of 181 days or more. You can also choose to
link your term deposit to your savings / current account, whereby if need be, your term deposit
will automatically be encashed to meet your withdrawal requirement.
No penalty on pre-mature encashment
In case your term deposit is pre-maturely encashed, you will earn interest at the rate prevailing
on the date of deposit for the withdrawn amount.
Nomination facility available
You can avail this facility for each & every account that you open with us i.e. nominate different
persons for different term deposit accounts. You can choose to change the nominee through a
declaration in the appropriate form to revise the nomination during the term of the deposit.
Incase you are availing the 2-Way-Sweep feature, nomination, if any, made by you in respect of
the savings / current account for which you are availing this feature will be deemed to be the
nomination for any sweep TD created pursuant to the ActivMoney feature availed by you.
MUTUAL FUNDS
Our experienced research team analyses and researches the Mutual Funds available in the
market, helping you make more informed decisions. Our recommendations take into account all
relevant factors including the investment philosophy of the Asset Management Company,
portfolio quality, risk-adjusted returns and market trends. The Mutual funds on our advisory list
range form Debt to Equity funds and are drawn from top performing schemes of renowned
Mutual Fund houses like Franklin Templeton, Kotak, Reliance, Prudential ICICI etc. Your
Relationship Manager will recommend the funds that suit your investment objectives.
Key Features
 Assistance at every step of the investment process

 An experienced research team to analyze and research the Mutual Funds available in the
market
 Portfolio assistance.
Products
A) EQUITY SCHEMES
B) DEBT SCHEMES
C) BALANCED SCHEMES
D) FUND OF FUND (FOF) SCHEMES
E) EXCHANGE TRADE FUND (ETF) SCHEMES
EQUITY SCHEMES
 Kotak 30
 Kotak midcap
 Kotak opportunities
 Kotak lifestyle
 Kotak contra
 Kotak tax saver
 Kotak global india
 Kotak mnc
 Kotak tech
 Kotak equity arbitrage fund
 Kotak emerging equity scheme
 Kotak global emerging market
 Kotak indo world infrastructure
 Kotak starkid facility
DEBT SCHEMES
 Kotak income plus
 Kotak bond
 Kotak bond short term
 Kotak liquid
 Kotak gilt savings
 Kotak gilt investments
 Kotak flexi debt
 Kotak fmp series
 Kotak floater long term
 Kotak floater short term
 Kotak twin advantage series iii
 Kotak wealth builder series i
BALANCED SCHEMES
 Kotak balance
 Kotak dynamic asset allocation
FUND OF FUND(FOF) SCHEMES

 Kotak equity FOF
 Kotak flexi FOF series I
 Kotak flexi FOF series II
EXCHANGE TRADE FUND(ETF) SCHEMES

 Kotak gold ETF
 Kotak PSU Bank ETF
 Kotak Sensex ETF
INSURANCE
We offer a range of carefully selected insurance policies across the entire spectrum of life
insurance products. Our relationship managers will analyze your insurance needs and develop
the solution that works best for you.
Kinds of insurance plans
 Kotak Smart Advantage Plan

 Kotak Eternal Life Plans
 Kotak Headstart Child Plans
 Kotak Safe Investment Plan II
 Kotak Flexi Plan
 Kotak Easy Growth Plan
 Kotak Capital Multiplier Plan
 Kotak Term Plan
 Kotak Preferred Term Plan
 Kotak Child Advantage Plan
 Kotak Retirement Income Plan
 Kotak Retirement Income Plan (Unit Linked)
 Kotak Endowment Plan
 Kotak Money Back Plan
 Kotak Premium Return Plan
 Riders
KOTAK SMART ADVANTAGE PLAN

Every step in your life brings with it new learnings. You are determined to make the best of it,
so that you can look forward to a great future. How you shape your tomorrow depends greatly on
how you build on your today. Kotak Life Insurance introduces Kotak Smart Advantage, a great
combination of investment with insurance, to put your savings to work today. It is a market
linked plan with 100% premium allocations helping you accumulate wealth systematically, over
the long-term.
This plan offers the following key benefits:
 Guaranteed returns of up to 275% of your first year premium at maturity

 Assured bonus additions at regular intervals during the policy term to enhance your fund
value
 100%1 allocation of your premiums from second year onwards to maximize your
earnings potential
 A unique fund offering you the maximum opportunity for growth
 Option to maximize protection for your loved ones
 1Applicable for premium sizes of Rs.36,000 and above annually from second year
onwards.
1
Applicable for premium sizes of Rs.36,000 and above annually from second year onwards.
KOTAK ETERNAL LIFE PLANS

Kotak Eternal Life Plans are participating whole life plans that provide enhanced protection till
the golden age of 99. The plans provide for a high cover at lower premiums, cash lump sum
benefits at desired stage and a way to care for your spouse in the second innings of life. With
guaranteed protection for life, opportunity to create wealth, and comprehensive cover options,
these plans provide you with a perfect financial solution to suit your needs.
What can Eternal Life do for you?

i. Provides you with lifelong protection which continues well beyond retirement to ensure
that your loved ones remain secure, irrespective of the uncertainties in life.
ii. Enables a high amount of insurance cover at affordable premiums which takes into
account your growing responsibilities and keeps pace with your increasing needs.
iii. Offers liquidity for planned and unplanned needs so that you have access to your money
when you need it the most, adding to your comfort and security at important stages in
life.
iv. Presents options and solutions that suit your personal preference which enables you to
make a decision that is more suitable and beneficial for you.
KOTAK HEADSTART CHILD PLANS

Every child is different. Each has their own set of dreams and aspirations. As a parent you would
like to provide your child with all the building blocks that could develop his or her potential to
the fullest. This could mean extra coaching or tuition for talented children, special training or
equipment for natural athletes or professional training for born singers. Headstart Child Plans - a
specially tailored, cost-effective plan, aims to give your children the financial means to pursue
his or her dreams and live them.
The plan offers the following advantages:

 Choice of 2 plan variants
o Future Protect
o Assure Wealth
 Maximizes wealth while providing protection
 Joint life option
 Save for 2 children with one plan
 Additional bonus units
 Flexible Withdrawal
KOTAK SAFE INVESTMENT PLAN II

Kotak Safe Investment Plan II is a unit linked plan that combines the benefits of insurance and
capital market returns into one. This plan from the stable of Kotak Life Insurance is a true
reflection of the company´s essence: innovation that will benefit the investor. What makes
investing in Kotak Safe Investment Plan II truly unique is that you enjoy a Guaranteed Maturity
Value, with varying degrees of equity exposure depending on your risk appetite. So, if the
market value of your units is higher, you reap the benefits with the peace of mind that whilst in a
bear market your investment is under-pinned by the Guaranteed Maturity Value. And there´s
more, the returns are totally tax-free*.
KOTAK FLEXI PLAN

There may be times when you wish there was an answer to your financial worries. A solution
that allows you to take control of your investments. A way to provide for your family´s future
goals and expenses, and to protect your family from the harsh uncertainties of life; be it death,
disability or illness. Here is ´Kotak Flexi Plan´ which is designed to do just this. It comes to you
with the option of investing in six professionally managed funds, allowing you to allocate your
investment in a combination of one or more funds, switch between them and take charge of your
investments. The plan aims to earn efficient returns over the long term and helps you plan for
your financial goals, with the comfort of a Guaranteed Maturity Value. More importantly, it
ensures that your loved ones are protected, if any unfortunate events were to take place…a plan
that gives you complete control.
KOTAK EASY GROWTH PLAN

Kotak Easy Growth Plans are single premium, market linked insurance plans that keep pace with
your ever growing success. It not only helps you save for the future but also lets you reap rich
benefits from the investments of your choice. The undisputed advantage of these plans, is its
simplicity. This simplicity stems from our clear understanding of what would appeal to a
customer who is looking for a hassle free investment option.
KOTAK CAPITAL MULTIPLIER PLAN
The Kotak Capital Multiplier Plan is a participating plan that is built in such a way that it allows
your money to multiply, and gives you the flexibility of using this money the way you need it, in
regular withdrawals. This is an endowment plan, which is very flexible, and has a lot of other in-
built benefits.
KOTAK TERM PLAN

Kotak Term Plan is a pure risk product that aims to cover your life at a nominal cost. You may
want to take this plan to cover your outstanding debts like a mortgage, a home loan etc. Since
this is a pure risk cover product, there are no maturity benefits payable on survival. This is a non-
participating plan.
KOTAK PREFERRED TERM PLAN

The Kotak Preferred Term Plan is designed to provide you with reduced premium rates for a sum
assured of Rs.10 lakhs and above. Only Males over the age of 18 years, who do not use tobacco
in any form. And females over the age of 18 years are eligible for this plan.
KOTAK CHILD ADVANTAGE PLAN

The Kotak Child Advantage Plan is an investment plan designed to meet your child´s future
financial needs. It´s a plan that gives your child the "azaadi" to realize his dreams. The plan is a
participating plan with a 15-day free look period.
KOTAK RETIREMENT INCOME PLAN

The Kotak Retirement Income Plan is a savings plan designed to meet your post-retirement
needs. It is a plan that gives you "Jeene ki azaadi". It gives you the choice to remain independent
even after retirement. The Kotak Retirement Income Plan is a participating plan.
The plan comes in two forms: (i) With Cover (ii) Without Cover.
KOTAK RETIREMENT INCOME PLAN (UNIT LINKED)

How well you save and invest today will make all the difference tomorrow between having to
work and choosing to work. There is no better time than the present to plan for what should be
the best years of life - your retirement. By the time you retire, costs of living would have
increased substantially making even the most basic commodities like milk and vegetables
costlier by probably five times. Medical costs would have doubled or more.An ideal retirement
solution is the one that gives you complete flexibility and peace of mind, not only while you save
for your retirement but also after you retire. To help you plan towards the golden years of your
life, we present to you the Kotak Retirement Plan (Unit-Linked).An investment plan designed to
secure your future, it assures that even though you have stopped working, your income does not.
It is offered to you in three versions - Regular Premium, With Cover and Without Cover, in
addition to a Single Premium version. The regular premium options come with the Kotak "Seal
of Guarantee"@. These plans have been designed to ensure that your money earns you handsome
returns, safe from the vagaries of the capital market, so that you can retire comfortably and
securely. Please note that in these plans, the investment risk in the investment portfolio is to be
borne by the policyholder. However, Kotak Life Insurance offers you a Basic Sum Assured/
Guaranteed Maturity Value on the Regular Premium versions of this plan to safeguard against
the downside risk of falling markets.
KOTAK ENDOWMENT PLAN

Kotak Endowment Plan is a protection plan that covers your life and at the same time ensures
that your money does not lie idle. It invests a portion of your premium in financial instruments
and ensures a considerable growth in savings. This is a participating plan (with profits).
KOTAK MONEY BACK PLAN

The Kotak Money Back Plan not only covers your life, it also assures you a certain percent of the
sum assured as cash payment at regular intervals of every 5 years. It is a savings plan with the
added advantage of life cover and regular cash inflow. This plan is ideal for planning special
moments like a wedding, your child´s education or purchase of an asset etc. This is a
participating plan (with profits).
KOTAK PREMIUM RETURN PLAN

This plan is a sure and secure insurance option without the hassles or worries of a conventional
insurance plan. With minimal paperwork and procedures, you get the dual benefit of a risk cover
and savings. At the end of the term, a minimum of the premiums paid by you will be returned
depending on the option you choose. In other words, this is a term plan that makes financial
sense by offering maturity benefits as well.
RIDERS
Every person has a different need and we at Kotak Life Insurance recognize this. To give you the
flexibility to customize and enhance your cover, we offer a set of riders which you may opt for
along with your basic policy and shape your policy to suit your individual needs. The riders may
be availed of at the time of purchasing the plan, at a nominal cost. The maximum amount of
benefit you can avail is equal to the basic sum assured. The aggregate premium on all value-adds
should not, however, exceed 30% of the basic premium.
SAFE DEPOSIT LOCKERS

Kotak Mahindra Bank offers you Safe Deposit Locker facilities which can be utilized to safe
keep your important documents, jewellery and other valuables.
Special Features of our Locker Facility
Easy availability and access: You can plan your visit and access your locker on all working
days during banking hours.
Convenient sizes: Choose your own locker size, from a range of options - small, medium and
large.
Hassle-free payment: You can set-up standing instructions on your Savings Account, to pay
your annual locker rent. Our Locker Facility enables you to avail Locker in your home branch
without the constraint of maintaining a linked deposit. You can also opt for Nomination facility.
Nomination for Safe deposit Lockers
 Nomination facility is available to Individual/ Joint hirer/s of Safe Deposit Locker.

 Nomination can be made in favor of only one individual.
 Safe deposit lockers hired in the names of a minors, the nomination shall be made by the
natural guardian/s or court appointed guardians.
 In the event of the death of a locker-hirer/s for which there is a nomination on record the
contents of the locker will be released to the nominee of the hirer, without insistence on a
succession certificate or probate of the Will from the legal heirs of the deceased
customer.
 In case of death of a sole locker-hirer without nomination, but there is a probated will
available; access will be given to the Executor / Administrator.
DEMAT
We offer streamlined, efficient depository services that allow you to hold your shares in
convenient, "demat" formats and leverage opportunities in the stock-market when you spot them.
Our services include:

 Dedicated and trained Customer Care Officer to handle and answer all your queries.
 Highly competitive service charges. For the current charges on our demat services.
 Three in one account – Demat, Trading, Bank have all in one account.
We also cater to the debt requirements of companies, including the issue of Commercial
Paper, Certificate of Deposits, etc. We also provide a composite Demat account that can
hold Equity shares as well as Government Securities, Bonds etc.
Documentation
In order to open a Demat account, you will need to provide/produce the following documents
Account Opening form
 Duly filled Client Relationship Form (Individual or Corporate), Demat Account Opening
Form (Individual or Corporate)
 Duly executed and stamped Depository Participant Client Agreement supplied by the
Bank
 A photograph of each holder/signatory to be pasted on the form and signed across.
 Nomination form (optional—applicable only for individual accounts. HUF & Corporate
accounts cannot give nomination. )
Note
 Copy of PAN card is mandatory for all categories of Accounts. In case of Joint holders
all the joint holders must provide PAN Card copy
 Proof of address required for both Indian address and foreign address for NRI Accounts
 NRI Repatriable Account must provide Copy of General Permission issued by RBI/Bank,
till then the standing instruction in the Account will be “N”
 The HUF accounts can be opened in the name of and operated by the Karta only.
 Please carry all the original documents while opening the Demat Accounts to enable the
Branch to verify them.
Identity Proof
Individual Accounts
 Pan Card
 Valid Passport
 Voters ID
 Valid Driving License
 Photo Debit/Credit Card issued by Banks
 College ID card (valid till the applicant is a student)
 Identity Card/Doc issued by Govt, Statutory/Regulatory Authorities, Scheduled
Commercial Banks, Public Financial Institutions, Professional Bodies such as ICAI,
ICWAI, ICSI, Bar Council etc. to their Members.
Address Proof
 Voters ID
 Utility Bills--not more than 2 months old from Date of Bill( Telephone bill- only land
line bills are acceptable )
 Valid Passport /Valid Driving License
 Leave & License Agreement/Sale Dees ---only Registered copy
 College ID Card (valid if the applicant is a student)
 Identity Card/Doc issued by Govt, Statutory/Regulatory Authorities, Scheduled
Commercial Banks, Public Financial Institutions, Professional Bodies such as ICAI,
ICWAI, ICSI, Bar Council etc. to their Members.
Corporate Accounts
 PAN Card copy of the Corporate

 Board Resolution - Account Opening and Mode of operation
 List of Authorized Signatories with specimen signatures
 Photograph of authorized signatories signed across
 Memorandum and Articles of the company
 Introduction of the corporate by bank
Corporate Accounts
 PAN Card copy of the Corporate

 Board Resolution - Account Opening and Mode of operation
 List of Authorized Signatories with specimen signatures
 Photograph of authorized signatories signed across
 Memorandum and Articles of the company
 Introduction of the corporate by bank
Address Proof
 Document registered with Registrar of Companies.

 Acknowledgement copy of IT Return.
 Registered Leave and licnese Agreement or Agreement for Sale.
Charges
 Kotak Mahindra Bank, as a Depository Participant with NSDL, caters to a wide cross
section of the country's investing population.
 We have designed tariff plans that address the needs of all categories of investors in the
capital market. At one end, we have a general tariff for clients who do not transact too
frequently. At the other end of the spectrum, we have schemes for frequent traders with
high transactions. Here again we have differential tariffs for different sub-brokers.
COMPARATIVE ANALYSIS OF DIRECT
BANKING SERVICES
KOTAK DIRECT BANKING
 Net Banking
 Mobile Banking
 Kotak Payment Gateway
 Phone Banking
 ATM Network
 SMS Banking
 Alerts
NET BANKING
Kotak Mahindra Bank's Net Banking service brings you the timeless world of instant
banking. It is quick and easy, available to you 24X7 and it's absolutely free! It gives you
instant access to your Banking Accounts, Demat Accounts, Investment Accounts,
netc@rd and Insurance Accounts. In addition you can transfer money, pay your bills,
pay for your online shopping, make subscription payments and more. And all this comes
to you on a robust and secure technology platform.
Features:
Net Banking gives you a host of services, giving you complete control of your accounts:
 View account balance, account activity, place standing instructions and

cheque status.
 Open a Term Deposit.
 Transfer funds online between your/third party accounts with Kotak
Mahindra Bank or any other bank account supported by RBI NEFT
system.
 Place request for a cheque book, debit card PIN or payment gateway
registration.
 View securities available for Demat.
 View current Mutual Fund holdings, Buy and redeem Mutual Funds online.
 Shop online at over 3000 websites, make utility bill payments across more
than 60 companies and 42 cities.
BANKING ACCOUNTS
Accounts Services
 Get details of your combined balance across your Accounts and Term
Deposits.
 View account balance, account activity, unclear fund details and cheque
status.
Term Deposits Services
 Open a Term Deposit or Inquire Term Deposit rates .

 View details of all your term deposits, interest, tenures, etc .
 Request for a Term Deposit Statement .
Payments Services
 Transfer funds between your own accounts or to any accounts with Kotak
Mahindra Bank or with any other Bank* which participates in RBI NEFT scheme.
 For regular transfer of funds between your accounts or accounts of any other
person, you can set up Standing Instructions for direct transfer into account , or
request for sending Banker Cheques to the selected address.
 For easy reference, maintain a list of beneficiaries. Next time you need to send
money, you can just select the beneficiary and the other details will be
automatically updated.
 RTGS on Net – to transfer amount greater than or equal to rupees one lakh, use
RTGS on Net. Money can be transferred to account held with any bank’s branch
which participates in RBI RTGS. To avail of this service, submit RTGS on Net
registration form to your nearest Branch. Please contact your branch for RTGS
on Net registration forms and Beneficiary Registration forms.
* Service available in cities serviced by RBI NEFT.
Cheque Related service Service
 Order a cheque book .

 Inquire specific cheque status.
 Place stop cheque instructions.
Request Statement
 Saving or Current: Request physical statement for saving or current account.

The Statement will be sent to your mailing address as per our records. Charges
as applicable will be debited to your account.
 Term Deposit: Request physical Term Deposit Statement. The same will be sent
will be sent to your mailing address as per our records within 3 working days.
Charges as applicable will be debited to your account.
Additional Features
 Use TDS Inquiry to get information on tax deducted for the previous and current
financial year.
 Inquire the latest exchange rates.
DEMAT
This section provides access to view your Demat account details. You can also trade
online in these securities by opening a trading account with Kotak Securities Ltd.
details.
Account Services
 View account activity, billing details, holding details.

 Inquire transaction status, Demat status of securities.
Requests
 Place an online request for account statement, Share holding details or billing.
 Place a request for Pledge Forms or Client Master Details.
Additional Features
 In case you want to convert your existing shares into Demat format, you can
view securities available for Demat.
 You can view the details of your transactions including settlement date, pay in
date, pay out date using the View Settlement calendar option.
INVESTMENTS
This section enables you to view and purchase/redeem Mutual Funds online and other
details of your investments with us.
Account Services
 Keep track of your investments online - view account details, transaction details
and current NAV, percentage gain/loss and IRR.
 Get details of investments by Asset Class or Fund Name.
Transaction Services
 Purchase/redeem Mutual Funds online.

 Place Standing Instruction for auto debit of your account and investments in the
selected fund.
Requests
 Check status of your Buy/Sell requests.
Other Features
 Get the latest NAVs.

 Get advisory services and industry updates on a continuous basis.
NETC@RD
This is a one time use virtual card which enables you to shop online in a secure way on
any website that accepts VISA cards, in a secure way.
netc@rd Usage
 Generate your netc@rd by either logging onto Net Banking or using small
software application - netc@rd QuickPay - installed on your computer.
 Cancel cards if you do not wish to use them.
Transaction Services
 View card details including the status of the card, card amount, create date,
expiry date
 View Transaction details including the card number, merchant name where the
card was used and settlement amount.
KOTAK BILLPAY
Kotak BillPay is an Electronic Bill Presentment and Payment Service. A secure

and hassle free way to pay your bills!!
 Kotak BillPay is a simple, convenient and secure way of managing your bill
payments from anywhere, anytime .
 You can pay your utility bills (telephone, electricity, mobile, etc.), insurance
premia, subscriptions to magazines, taxes or make donations.
 Kotak BillPay offers you the flexibility of making regular payments by registering
the biller or making one time / ad hoc payments using the 'Instant Pay' option.
 For registered billers, you will be able to view the bill amount and due date.
 You can pay your domestic Visa Credit Cards bills/ transfer funds to any
domestic Visa Debit Card using Visa Money Transfer.
 Kotak BillPay offers you “AutoPay” wherein you can register for automatic
payments from your account. Payments will be scheduled and processed 4 days
prior to the due date/Payment date specified by the customer.
 You can even pay your Direct Tax through Kotak BillPay .
 You can even view your Bill and Payment History .
 Additionally, you will also receive Alerts via Email/SMS for any biller
addition/deletion, receipt of new bill and status of bill payments and even
AutoPay alerts.
To avail of Kotak BillPay, Simply login to Net Banking and click on the BillPay option or
call up our 24hrs Customer Contact Centre or walk into your nearest Kotak Mahindra
Branch.
This service is Free of Charge
List of Billers
Type of Biller Biller Name Locations available

Utility Payments Airtel Broadband Services & Chennai, Delhi, Karnataka,
Telephone Madhya Pradesh, Mumbai
Airtel Mobile AndhraPradesh,Chennai,
Delhi,
Gujarat,Karnataka,Kerala,
Kolkata,MadhyaPradesh,
Maharashtra, Mumbai, Punjab,
Uttar Pradesh
Andhra Pradesh Central Andhra Pradesh
Power Distribution Co. Ltd.
Bangalore Electricity Supply Bangalore
Company Ltd (BESCOM)
BEST Mumbai
BPL Mobile Communication Maharashtra, Mumbai
Limited
BSES Rajdhani Delhi
BSES Yamuna Delhi
BSNL Ahmedabad Gujarat
BSNL Bangalore Karnataka
BSNL Chandigarh Punjab
BSNL Faridabad Haryana
BSNL Goa Maharashtra
BSNL Gurgaon Haryana
BSNL Kalyan Mumbai
BSNL Ludhiana Punjab
BSNL Nagpur Maharashtra
BSNL Pune Maharashtra
BSNL Surat Gujarat
CESC Kolkata
Hyd Metro Water Andhra Pradesh
AndhraPradesh, Delhi,
IDEA Cellular Gujarat,
Haryana,HimachalPradesh,
Kerala,MadhyaPradesh,
Maharashtra,Rajasthan
IDEA Cellular (UP East) Uttar Pradesh
In2Cable Mumbai
Mahanagar Gas Mumbai
MSEB Mumbai,Aurangabad,Kolhapur,
Nashik, Nagpur, Pune
MPSEB [Bhopal] Madhya Pradesh
MTNL Delhi, Mumbai
MTNL Dolphin Delhi, Mumbai
MTNL Garuda Mumbai
NDPL Delhi
Reliance Energy Mumbai
Reliance Infocomm Ltd. All India
RPG Cellular Chennai
Spice Punjab
Spice Communications Karnataka
Tata Indicom Andhra Pradesh, Chennai,
Delhi, Gujarat, Haryana,
Himachal Pradesh, Karnataka,
Kerala, Kolkata, Maharashtra,
Mumbai, Orissa, Punjab,
Rajasthan, Tamil Nadu, West
Bengal, UP East, UP West,
Madhya Pradesh
TATA Power Mumbai
Torrent Power Ahmedabad Gujarat
Torrent Power Surat Gujarat
Vodafone Andhra Pradesh, Chennai,
Delhi, Gujarat, Karnataka,
Kolkata, Mumbai, Punjab,
Rajasthan, Uttar Pradesh
Donations Cancer Patients Aid All India
Association
Childline India Foundation
CRY- Child Rights And You
HELPAGE
National Association For The
Blind
PETA
PRIDE
SAVE
ShreeSiddhivinayakTemple
Trust
WISE
Insurance AVIVA Life Insurance All India
Birla Sun Life Insurance
ICICI Pru Life Insurance
Kotak Life Insurance
Life Insurance Corporation
MAX NEWYORK Life
Insurance
METLIFE
TATA AIG Life
SBI Life Insurance
Subscriptions
India Today All India
Readers Digest
Wisden Asia Cricket
Get Money
Receive funds from any non Kotak Bank Account to your Kotak Bank account using
RBI’s ECS facility absolutely FREE.
 Registration to be done on Net Banking or at our nearest bank branch to avail
Get Money service.
 Debit Bank account details (ECS Debit Mandate Form) need to be verified by
Debit Bank. This verification / lodgment process takes up to a maximum of 25
days from date of submission of ECS Mandate Form to our nearest bank branch.
 You can either receive funds on Ad-hoc basis (one-time) or can set up a
Standing Instruction (SI) to receive funds on regular basis, post successful
activation of Get Money registration. You also have the option to modify or delete
the Standing Instruction.
 Get Money funds transfer requests can be given on Net Banking, 24 Hrs
Customer Contact Centre or our nearest bank branch.
 You will receive Email and SMS alerts on the registered email ID and Mobile
number with the bank for all the events on Get Money.
 You can even view details of your pending transfer requests and transfer history
post logging into Net Banking.
 You can register multiple Bank accounts as debit bank accounts under the Get
Money service.
Requests
This section enables you to manage your account by modifying your account access
and account details. The various options available under this section are as follows:
 Register for Payment Gateway Service - with payment gateway you can shop
online over more than 3000 websites, make utility bill payments across more
than 60 companies and 42 cities, pay insurance premium, pay for magazine
subscriptions, make donations to charitable and religious institutions, transfer
money to Kotak Securities for margin money, Settlement transfer or IPO funding,
transfer money to your Kotak commodities account for investment in
commodities and use Visa Money Transfer facility to pay your credit card bills or
transfer money to any VISA debit card across the country.
 Debit Card request - report for lost/stolen debit cards, request for new Debit Card
PIN, change your Debit Card primary account or de-link accounts from your Debit
Card.
 Account related requests - Request for Balance/Interest certificate.
 Do Not Contact request - register your self under this section to discontinue
receiving marketing related calls from the bank.
Profile
 Update your profile whenever there is change of contact details. This will help
you in receiving timely information from the bank.
Mail
 This section provides you a secure mail service to contact the bank with your
complaints/suggestions. You can also place your "Home Banking" requests in
this section.
MOBILE BANKING
You can experience the benefits of online banking anywhere and anytime, without the
need for a computer. All this absolutely FREE*! Using the service, you can access your
bank accounts and investment accounts at your fingertips, anytime, anywhere. All this
convenience comes to you on a secure and user friendly GPRS-based Mobile Banking
platform.
Mobile Banking Features
 Menu driven service – no need to remember complex codes.

 Security through 128 bit encryption.
 Check your account balances for Current, Savings & Term Deposit accounts
 View your account activity
 Transfer funds between your accounts or other accounts in Kotak Bank
 Purchase Mutual Fund units
 Redeem Mutual Fund units
 Report loss/theft of Debit Card and request for replacement
 Check status of your Cheque instruments
 Request issue of new Cheque book
What you need to access this service ?
 A Kotak Mahindra Bank account

 A Java-enabled handset
 An active GPRS connection (Advanced GPRS recommended) from your service
provider
 Registration for Net Banking and a Net banking password
 Activation Key - the Activation Key is generated on first login.
Security Features
Kotak Mobile banking platform uses secured Https protocol for communication between
the mobile client and the mobile server. Protected by the most stringent security
systems, Kotak Mobile Banking allows you to transact over a completely secure
medium. All your transactions travel via 128-bit SSL encrypted medium, the highest
level of security on the network. The servers are protected with firewalls that make
unauthorized access impossible.
Downloading the Application

All you need to get started using Kotak Mobile Banking is to download the application by
sending K MOBILE <Last 4 digits of your CRN> as SMS to 5676788. Please note
you need to send the message from the mobile number you have registered with the
bank. You can also call our 24 Hrs Customer Contact Center for downloading Kotak
Mobile Banking application. You would be receiving the link to download the application
on your mobile number registered with the bank. Please make sure that you have
updated your current mobile number with us.
Registration
Access to Kotak Mobile Banking will be granted once you register your Activation Key
(which will be displayed on your handset) with us. To activate Mobile Banking on your
handset, please call our 24 Hrs Customer Contact Center at our toll free number - 1800
116022 (North India) or 1800 226022 (Rest of India) .
‘*Mobile Banking is offered to our customers absolutely FREE. There are no

charges levied by us for accessing this service. However, please note that you
will need to pay for the GPRS subscription charges as levied by your Mobile
phone service providers.
User Guide
To download Kotak Mobile Banking, SMS K MOBILE <Last 4 digits of CRN> to
5676788. After installation of the application please run the same to access your
account and follow the instructions below to familiarize yourself with the application.
1) When you run the application, the login screen will appear. Enter your Net Banking
User ID (your Customer Relationship Number as mentioned on your Kotak Debit Card)
or Net Banking Nick Name and your Net Banking password.
2) After entering your username and password press “Login” which will display an
Activation Key for your handset. Please note the Activation Key being displayed on your
screen and call our 24 hrs. Customer Contact Center at our toll free numbers- 1800
116022 (North India) or 1800 2256022 (Rest of India) to activate this service. Our
Customer care officer will register the Activation Key.
3) Now Login again to start using Kotak Mobile Banking.
4) The Main Menu shows the following options:
a) Select Banking to transact on your banking account.

b) Select Investments to purchase or redeem your Mutual Fund units.
c) Select Password to switch to a new password.
d) Select Contact Us to get our contact details.
e) Select Logout to sign out of the system.
5) Banking Menu shows the following options:
a) Select Acct. Balance to get details of the balance in your bank account
b) Select View TD Accts. to view details of all your term deposits, interest, tenures
etc.
c) Select Acct. Activity to view last 10 transactions in your account.
d) Select Req. Stmt. to get an e-mail account statement for a selected period.
e) Select Payments to transfer funds between your own accounts in Kotak Bank or
third party accounts in Kotak Bank.
f) Select Cheque Requests to order a new chequebook or inquire specific cheque

status.
g) Select Report Loss of Card to hotlist a card and get a replacement for the same.
6) Investments Menu shows the following options:

a) Select Invest. Acct. to view holdings in your portfolio.
b) Select Redeem to sell mutual fund units in the schemes held in your portfolio.
c) Select Last 5 NAV to view the last 5 days NAV of schemes held in your portfolio.
d) Select NAV Search to retrieve the NAV of a scheme held in your portfolio by
typing a keyword.
KOTAK PAYMENT GATEWAY

Kotak Payment Gateway enables you to shop online at over 3000 websites, make utility
bill payments across more than 60 companies and 42 cities, pay insurance premium,
pay for magazine subscriptions, make donations to charitable and religious institutions,
transfer money to Kotak Securities for margin money, settlement transfer or IPO funding
and use Visa Money Transfer facility to pay your credit card bills or transfer money to
any VISA debit card across the country. Kotak Payment Gateway is an Internet based
facility using which you can pay online merchants by debiting your selected Bank
account.
Online Shopping
This service enables you to make purchases across various online shopping sites
offering gifts, flowers, airline tickets, exclusive designer wear, jewellery, latest electronic
gadgets / household items, subscription to books / periodicals, registration to
matrimonial / educational sites or astrology services and much more. You can now
make Online Payment towards your Utility Bills, Insurance premium, Donations, Mutual
Fund Investment. You can also book travel tickets and enjoy entertainment services by
visiting the merchant’s website.
Online Trading
This service enables you to transfer money instantly to your account with Kotak
Securities, for funding your margin money or funding your IPO account. An account with
Kotak Securities enables you to buy/sell securities online. This gives you the power of
any where anytime trading.
VISA Money Transfer

This service enables you to make payments for your VISA credit cards or transfer
money to any VISA Debit Card. So no need to write cheques to pay credit card bills or
transfer money.
PHONE BANKING
We have a 24 hrs Customer Contact Center to offer you personalised service round the
clock. Just pick up the phone and call us on at our Toll Free number 1800 116022
(North India) OR 1800 226022 (Rest of India). If you are calling from abroad, you may
call +91 22 6600 6022. Whether it is something as urgent as a stop payment or you
simply want to know your balance just give us a call. Our toll free number gives you
access to your account, from anywhere... anytime. And what's more, this facility comes
to you absolutely free of cost!
Powered By:
 PIN Security
Automated identification process when you use our 24 by 7 Phone Banking
service will help save your call time as well as give you more security, as you will
be validated by using a 6 digit Phone Banking Personal Identification Number
(PIN) that should be known to no one but yourself. Accessing Phone Banking is
easy. All you are required to do when you call us, is to enter you Customer
Relationship Number followed by the '#' key, and validate it by entering your
Phone Banking PIN. Once done successfully, you will be able to speak with our
Customer Care Officer who will be glad to assist you in your queries or
transactions.
 PIN Change
If you are a first time caller, you will prompted by the system to change your
Phone Banking PIN to one of your choice, after you've been successfully
identified by the system. We request you to change your PIN accordingly to help
ensure that your account information is not available to anyone but you.
Additionally, you have the option of changing your Phone Banking PIN directly, at
your convenience, by dialing "5" on our Main Menu when you call us.
 PIN Generation / Regeneration
For all our customers who haven't had the opportunity to register themselves for
Phone Banking, or those who've have forgotten the Phone Banking PIN allocated
to them, our Customer Care Officers will gladly enable you for your access
immediately with your consent. All you will be required to do is ask for your
access or we ourselves will offer to do so.
 Customer Care Officers

Our Customer Care Officers are available 24 by 7 to assist you in your queries or
transactions that you may wish to conduct on your account. You may reach a
Customer Care Officer anytime during your call by dialing "0".
In addition to the existing services available over Phone Banking such as:
 Enquire on your account details - your balance, account activity, uncleared
fund details and cheque status.
 Enquire on the latest interest and exchange rates.
 Request for fund transfer* between your accounts at Kotak Mahindra Bank.
 Open a term deposit or get details of all your term deposits .
 Initiate standing instructions or place stop cheque payment instructions.
 Request a cheque book and account statements.
You can give us financial instructions through our Phone Banking service based on your
account operating mandate, i.e. if you have a single or unconditional signing authority
on your account, you can transact on your accounts through the phone.
Demat accountholders can avail of the following Services through Phone

Banking:
 Request for a Demat transaction or holding statement.
 Enquire about your transaction or holding details.
 Request for a Demat Instruction Slip booklet to be sent to you.
Investment accountholders can avail of the following Services through Phone

Banking:
 Enquire on your account and transaction details
 Current NAV details of your investments
 Request a statement of account
 Purchase and redeem investments online
 Check the status of your purchase and redemption requests
 Purchase / Redemption of Mutual Fund units
 Third Party Funds Transfer to other accounts within our Bank**
 Registration for Mobile Banking / Net Banking.
ATM NETWORK
Our strategically located and constantly growing ATM network brings the bank within
your easy reach. The state of the art touch screen Kotak Mahindra Bank ATMs are part
of the Visa/Plus and Cashnet ATM network. That means you can withdraw cash from
our ATM Network with any International and Domestic Visa/Visa Electron/Plus Credit
Cards/Debit Cards.
“Total number of ATMs: 349”

Services available
 24-hour access to cash.
 Transfer funds between accounts.
 View Account Balances and Mini Statement.
 Pin Change option.
SMS BANKING
Kotak Mahindra Bank's SMS Banking service enables you to access your bank account,
investment account and demat account on your Mobile Phone. Now get latest update
on your account balance, salary credits, large debits, large credits, holding value and
much more, on your mobile anytime. It is quick and easy, available to you 24X7 and it's
absolutely free!
Simply send an SMS to 9971056767 or 5676788 to get the details for following
updates.
SMS Commands
Banking Account
Balance Inquiry K BAL B
Last 3 Transactions K TXN B
Last 3 months statement on email K STMT B
Statement on email for a particular month K STMT B E
in the current financial year
Statement on email for any particular K STMT B F G
period
Cheque Status Inquiry K CHQSTATUS B C
New Cheque Book Request K CHQBOOK B
Investment Accounts
Know Your Account No. K MFACCT A
Holding Value K MFBAL X
Demat Accounts
Know Your Account No. K DPACCT A
Holding Value K DPBAL Y
Locator
Know the nearest ATM K ATM Z
Know the nearest Branch K BRANCH Z
PIN Regeneration
Net Banking K NETPIN A
Phone Banking K PHONEPIN A
Debit Card K DEBITPIN D
Debit Cards
Activation of Debit Card for use at K POSACT D
Merchant Establishments
A - Last 4 digits of Customer Relationship Number

B - Last 4 digits of Account Number
C - Complete Cheque Number
D - Last 4 digits of Debit Card Number
E - First 3 letters of the month
F - Start period. First 3 letters of the month followed by last 2 digits of the year (E.g.: For
September 2007 please mention as SEP07)
G - End Period. First 3 letters of the month followed by last 2 digits of the year (E.g.: For
February 2008 please mention as FEB08)
X - Last 4 digits of Investment Account
Y - Last 4 digits of Demat Account
Z - 6 digit Postal Pin code.
Please Note:
 You can send the SMS in either upper case (Capital letters) or lower case (small
letters) i.e. K BAL and k bal, both will help you to know your account balance
 The SMS commands contain blank spaces which should be kept when sending
SMS. There are 2 blank spaces; one after ‘K’ and the other after the code say
BAL.
 Please use only the mobile number which has been registered to use the SMS
Banking & Alerts' facility. For your safety, we will not accept requests from any
other mobile number.
 PIN regeneration requests will be accepted through SMS; however New PIN will
be sent to your registered communication address via post only.
“SMS Banking is available for registered customers only”.
ALERTS
You can subscribe for automatic updates for your account on either your mobile or
email. These alerts are sent on happening of a particular transaction. For example if
your balance falls below the Average Quarterly Balance, or if there is a large credit into
your account.
List of Alerts:
 Large Debit Alert.
 Large Credit Alert.
 Balance below Average Quarterly Balance Alert.
 Periodic Bank Account Balance - Daily/Weekly (Sent every Monday).
 Standing Instruction (SI) Failure Alert.
Free service!*
Please Note:
 You need to subscribe/ register for these alerts.
 These Alerts will be sent over SMS and/or Email as requested by you.
 You can select the Alerts that you wish to get and the mode (SMS and/or email).
ICICI DIRECT BANKING
 NET BANKING
 MOBILE BANKING
 PHONE BANKING
 ATM
NET BANKING
Net Banking Features:

 Balance Enquiry and Statement
Check out your last 10 transactions in your bank account with real-time balance.
 Transaction History
Check out past transactions from the date of account opening.
 Transfer Funds Online

Transfer funds to any ICICI Bank account in India as well as to non-ICICI-Bank
accounts in over 100 cities across India.
 Card-2-Card Fund Transfer

Send money to over 27 million Visa Debit Cardholders or Credit Cardholders
across 150 cities in India.
 Use your Debit Card Online

Your Internet Banking User ID and password is required to use your VISA Debit
Card online to shop, buy tickets, pay bills and more.
 Pre-paid Mobile Recharge

Recharge your pre-paid mobile online anywhere, anytime in just a few minutes.
 Pay your Utility Bills

Pay bills to providers of utility services like electricity, telephone and post-paid
mobiles. You can also pay your insurance premiums and ICICI Bank Credit Card
dues.
 Send a Smart Money Order

Send a money order anytime and get it door-delivered to any destination in India .
 Open Fixed Deposits and Recurring Deposits
Apply online to open Fixed Deposits and Recurring Deposits.
 Order a Demand Draft / Pay Order

Order a Demand Draft to be issued from your ICICI Bank account. The Demand
Draft / Pay Order will be sent to your registered address.
 Subscribe for Mobile Banking

Subscribe to Mobile Banking Alerts and Requests for banking on the move.
 Request a Cheque Book

The cheque book is delivered to your communication address upon request.
 Stop Payment Request

Issue instructions to stop payment of a particular cheque.
 Request a Debit Card

Apply online for an ATM/Debit Card.
 Monthly Bank Account Statement by E-mail

Subscribe to free monthly Bank Account statements to be delivered to your e-
mail address.
 Re-issue/Upgrade of ATM/Debit Card

Get your lost ATM/Debit Card re-issued or upgrade your current ATM/Debit Card.
 Link Bank Accounts to ATM/Debit Card

Link your multiple ICICI Bank accounts to a single ATM/Debit Card.
 Renewal / Premature Closure of FD/RD

Renew your current Fixed Deposit account or request its premature closure.
 De-block/Activate ATM/Debit Card

Activate your hot-listed (blocked) ATM/Debit Card.
 Request a Duplicate Physical Bank Statement

Get a physical copy of your Bank Statement delivered at your registered address.
.
Credit Card Feature
 Redeem Reward Points
Check out our rewards catalogue and order online against your accumulated
reward points.
 Payment Due Dates

Check out payment status and amount due.
 Credit Card Statements by e-mail
Subscribe for free statements to be delivered to your e-mail address.
 View Statements
View and print current and past statements.
 Place request for change of address
Issue instructions to change your communication address.
 Pay your Utility bills
Pay utility bills online with your ICICI Bank Credit Card.
 Subscribe for Credit Card alerts.
Subscribe to Credit Card alerts on sms or e-mail.
 Dial-A-Draft
Order a demand draft to be delivered to your communication address.
 Duplicate PIN
Apply online for a duplicate ATM PIN to enable cash withdrawal with your ICICI Bank
Credit Card.
Demat Features
 E-instruction
Issue transfer instructions from your desktop.
 Holding Statement
View your real-time share holdings anytime.
 Transaction Statement
View your share-transaction history.
 ISIN Look-up
Search and view the 12-digit International Security Identification Number (ISIN)
for any scrip available in dematerialized form.
 Settlement Calendar
View the pay-in and pay-out dates for all market types across exchanges.
 Customer Ledger and bills
View bills paid and the charges debited within the selected time period.
 Place Service Requests Online
Place service requests pertaining to your ICICI Bank Demat Account or queries
on the status of any form submitted at an ICICI Bank Demat branch.
 Secure Mailbox
Track your communication and resolve any queries with ICICI Bank.
 Request an add-on card
Apply for an add-on credit card to be delivered to your communication address.
 Place Service Requests Online
Place service requests pertaining to your ICICI Bank Credit Card and track the
status of requests online.
 Secure Mailbox
Track your communication and resolve any queries with ICICI Bank.
Loan Features
 Loan Details
View details related to your loan account like: type of loan, date of sanction, the
amount sanctioned, the disbursal status, interest rate, balance tenure, current
EMI and overdue amount, if any.
 Profile Information
View your personal information as present in the bank’s records. You can view
information like residential address, office address, mailing address and property
address (for home loans only).
 Disbursement Details
View details related to the disbursement of your loan amount. You can view
information like the disbursement date and amount disbursed.
 Amortization Schedule
This option gives information on how the loan amount gets amortized over the
tenure of the loan.
 Repayment Details
For customers who have opted for Auto-Debit and ECS modes of payment, this
section will show your Bank, Branch and Bank account number.
 Place Service Requests Online.
Place service requests pertaining to your ICICI Bank Loan Account and track the
status of requests made online.
MOBILE BANKING
The freedom of conducting banking operations using the mobile phone has been fast
catching up around the world for its convenience. We have been at the forefront of
launching mobile services in India to convenience our customers. Use your mobile
phone to effect transactions and check accounts. Operate your Bank Account, Credit
Card and Demat account. Apply for bank relationships using your mobile phone. You
can also query the account for a wide range of information that you usually want on a
regular basis. You can do your banking operations sitting anywhere, while you are doing
anything. It is discreet, personalized and on your phone. Use it when at a meeting, in a
movie hall, while making your Sunday brunch, or any other place you can't usually
expect to get the information you want. It is an empowering and user-friendly mode of
accessing your bank account.
You can now access the following ICICI Bank services via your mobile phone:
Bank accounts Credit cards Demat Loan Other

services
Fund transfer Balance Details Holding Provisional Locate Branch
Enquiry Income Tax
Certificate
Bill payment Last Payment Transaction Final Income Locate ATM
Details Status Tax
Certificate
Balance enquiry Payment Due Bill Enquiry Reset Letter Phone Banking
Date Number
Last 5 Reward Point ISIN Enquiry Reschedule Prepaid Mobile
transactions Status d Letter Recharge*
Cheque Book Loan Apply for Bank
Request Agreement Products
Copy
Stop Cheque Status of
Request service
Request Raise
Cheque Status
Enquiry
Phone Banking
Self Phone Banking (IVR) access Mechanisms are as follows:
For Deposits -The customer would need to key-in his ATM/Debit Card Number and it
corresponding ATM PIN.
For Credit Cards -The customer would need to key-in his 16 digit Card
Number and its corresponding ATM PIN.
For Demat Account Holders -The customer would need to key-in his 14 Digit
Demat Account Number and its TPIN.
For Bond Account Holders -The customer would need to key in his Bonds
holder Number only.
What's more...this facility comes to you totally free of charge!
Banks Functionalities
Enter Debit Card number + ATM PIN
Instant Readout: Available Balance, Funds in Clearing (Dynamic).
Card + ATM PIN >> Press # - Last 5 transactions.

Card + ATM PIN >> Press 1 - Cheque and cheque book
related queries (cheque book request, stop payment of
cheque, deposited cheque status, issued cheque status)
Card + ATM PIN >> Press 2 - Internet Banking and Bill
Payment related query ( User id, new password, payee
confirmation, bill payment, all other Internet banking
related queries)
Card + ATM PIN >> Press 3 - To update your address,
telephone no or email id ( Address change request,
mobile banking, email id updation)
Card + ATM PIN >> Press 4 - Statement related queries
( By email, by courier, all other statement related queries).
Card Functionalities
Enter Credit Card number + ATM PIN
Instant readout : Last payment made OR last statement TAD, MAD, due date
(Dynamic) + Outstanding balance, Available credit limit.
Card + ATM PIN >> Press # - Last 5 transactions.

Card + ATM PIN >> Press 1 - Payment related queries (Auto debit, all other payment
related queries).
Card + ATM PIN >> Press 2 - Statement related queries (By email, by fax, by
courier, all other statement related queries).
Card + ATM PIN >> Press 3 - To update address, telephone no. or email id ( Change
address, mobile no.updation / registration, email id registration / updation)
Card + ATM PIN >> Press 4 - Internet banking related queries ( User id, new
password, all other internet banking related queries)
Demat Functionalities
ISIN query.
Holding statement.
Transaction History.
Submitting Delivery Instructions.
Request for Instruction Booklet.
Bonds Functionalities
Information on Redemption.
Information on Interest.
Information on Dispatch of Bonds certificates.
others
Lost/Replacement card.
ATM pin re-issue .
Standing Instructions.
Complaints and suggestions.
Inquire about any ICICI Bank product.
ATM
ICICI Bank's 24 Hour ATM network is one of the largest and most widespread ATM
Network in India. Our ATMs are located in commercial areas, residential localities,
major petrol pumps, airports, near railway stations and other places which are
conveniently accessible to our customers. ICICI Bank ATMs features user-friendly
graphic screens with easy to follow instructions. We have introduced ATMs which
interact with customers in their local language for increased convenience.
Following are the features available on our ATMs, which can be accessed from anywhere at
anytime.
Cash Withdrawal: Withdraw up to Rs. 25,000/- per day from your account (50,000 for
HNI's). Fast Cash option provides the facility of withdrawing prefixed amounts. Ultra
Fast Cash option allows you to withdraw Rs.3000/- in one shot.
Balance Enquiry: Know your ledger balance and available balance.
Mini Statement: Get a printout of your last 8 transactions and your current balance.
Deposit Cash / Cheques: Available at all full function ATMs, Customers can deposit
both cash and cheques. Cash deposited in ATMs will be credited to the account on
the same day (provided cash is deposited before the clearing) and cheques are sent
for clearing on the next working day.
Funds Transfer: Transfer funds from one account to another linked account in the
same branch.
PIN Change: Change the Personal Identification Number (PIN) of ATM or Debit card.
The latest feature of our ATMs, this functionality can be used for payment of bills,
making donations to temples / trusts, buying internet packs, airtime recharges for
prepaid mobile phones and much more...
Others: Request for a checkbook from our ATMs and our concerned branch will
dispatch it such that it reaches you within 10 working days.
Charges: There is no charge levied on ICICI Bank customers for transacting on ICICI
Bank's ATMs. However for customers not maintaining the minimum quarterly average
balance in their savings account, first 6 transactions in the quarter will be free and Rs.
25 per transaction will be charged thereafter.
HDFC DIRECT BANKING
NET BANKING
Net Banking is HDFC Bank's Internet Banking service. Providing up-to-the-second
account information, Net Banking lets you manage your account from the comfort of
your mouse - anytime, anywhere.
Our industry leading service provides a host of features at your finger-tips:
 View Account Balances & Statements.

 Transfer Funds between accounts.
 Create Fixed Deposits Online.
 Request a Demand Draft.
 Pay Bills.
 Order a Cheque Book.
 Request Stop Payment on a Cheque.
THIRD PARTY TRANSFER
Third-Party Transfer is a Net Banking feature for which you will need your unique
Customer ID and IPIN (password). Login to Net Banking to confirm that your ID is active
in our records. With Third-Party Transfer (TPT) you can transfer funds online from your
HDFC Bank account to another HDFC Bank/Other Bank account (beneficiary),
anywhere in India. This is a real-time transaction and the debit and credit will reflect in
the respective accounts immediately. There is no charge for this facility.
Third Party Transfer can be initiated:
1)From your Account to other Bank Accounts using -

 National electronic Funds Transfer (NEFT) - Funds will be credited to the
beneficiary account in two working days
 Real Time Gross Settlement (RTGS) - Funds will be credited to the beneficiary
account on the same working day.
2)From your HDFC Bank account to other HDFC Bank accounts (different cust ids).
3)From your account to any Visa Card (Debit or Credit) within India.
4)For issuance of Third Party Demand Drafts from your account.
You can transfer up to a maximum of Rs. 5,00,000/- per customer id per day using this
facility. This amount can be transferred in parts or on a single basis.
INSTA IPIN FACILITY
It has been our constant endeavor to make banking a hassle-free experience for you. At
HDFC Bank, we understand that it is quite possible to forget even important things like
your Net Banking password (IPIN). But that should not be holding you back from
accessing your bank account. You can now re-generate your Net Banking password
instantly with the help of your Debit Card details and start using your new password
(IPIN) immediately. No need to request for a new password and await its arrival. And it
is even better as you select your new HDFC Bank password yourself so it becomes
much easier to remember the same. All you need is an active HDFC Bank Debit card.
Following are the steps that need to be followed for online resetting of your Net Banking
IPIN:
 Click on the link 'Forgot your IPIN.

 Input your Customer ID number and confirm.
 After inputting the Customer ID details, you will be shown a list of HDFC Bank
Debit Cards that are linked to the Customer ID.
 Select any one of the linked cards.
 Post card selection you will be asked to input your ATM PIN & Expiry Date. You
will then be asked to reset your Net Banking password (IPIN) and confirm the
same.
 Post successful resetting of IPIN, you will be asked to re-login into Net Banking
using the newly generated IPIN.
CREDIT CARDS ONLINE
The Following Credit Cards Net banking Features Are Available :-
View
 Account Information.
 Unbilled Transactions.
 Credit Card Statement..
 Download Card Statement (up to last 6 months).
Request for
 Autopay Register (Only for HDFC Bank account holders).
 Autopay Deregister.
 Statement on E-Mail.
 Credit Card ATM PIN.
 Register New Card.
 Deregister Card.
 Update Contact Details.
 Credit Card Payment (Only for HDFC Bank account holders).
This service is offered completely free and you can be assured of complete privacy
when you use our Net Banking facility.
INSTA ALERTS
Just register for our Insta Alert service and receive updates on your account as and
when the select transaction happens - all this without visiting the branch or ATM!
You can register for any or all of the following alerts:
 Debit transactions greater than Rs. 5,000/ Rs.10, 000/ Rs. 20,000/Rs. 50,000.
 Credit in account greater than Rs. 5,000/ Rs.10, 000/ Rs. 20,000/Rs. 50,000.
 Account Balance below Rs. 5,000/ Rs.10, 000/ Rs. 20,000/Rs. 50,000-.
 Weekly account balance.
 Salary Credits.
 Utility bill payment due Alert.
Eligibility
To register for Insta Alert, all you need is a Saving or Current account (Sole
Proprietorship/Partnership/Other Corporate) with HDFC Bank. Both Resident and Non
Resident Indians are eligible.
Fees
Insta Alert is FREE (w.e.f. April 2007) for all Savings Accounts.
Current Accounts are charged at Rs. 50/- per quarter.
MOBILE BANKING
 Banking with HDFC Bank: Full suite of Mobile Banking and Payment
Services including Fund Transfer facility. You can transfer funds to any HDFC
Bank Account / any Bank Account in India or any Visa Card (Debit or Credit)
within India using ngpay.
 Entertainment at Fame Cinemas, INOX Cinemas: Search for shows, select /

view seats and pay for tickets.
 Travel through IRCTC, Deccan, Make-My-Trip, Yatra, redBus: Search for

options, price trips and book tickets.
 Shopping from Ferns N Petals, Archies, and FutureBazaar: Search, buy and
ship products to anyone, anywhere in India.
 Telecom Services with BPL Mobile: Manage your accounts, top-up the prepaid
balance and pay your monthly postpaid bills.
INSTA QUERY
Our InstaQuery service provides a host of features at your finger-tips through SMS:
 Get your balance details.

 Obtain your last 3 transaction details.
 Request a cheque book.
 Stop a cheque payment.
 Enquire cheque status
 Request an account statement.
 Get Fixed Deposit details.
 Request for Internet PIN re-generation.
How does it work?
InstaQuery works through a set of text messages (SMS). With SMS you can perform a
wide range of query-based transactions from your mobile phone, without even making a
call.
 All you need to do is to type in the specified code for the transaction as a text
message and send it to 5676712.
 You will receive the response in the form of a text message on your mobile
phone screen within a few seconds.
ATM
You can enjoy the following benefits at any of our over 3295 ATMs across India :-
 Credit Card Payment.

 Cheque Status Enquiry.
 Regenerate Internet PIN.
 24-hour access to cash.
 View Account Balances & Mini-statements.
 Order a Cheque Book / Account Statement.
 Refill your Prepaid card.
 Pay your utility bills.
 Deposit cash or cheques.
 Change your PIN.
 Learn about all our other products.
TRANSACTION FEES
There is no charge for using the card at HDFC Bank ATM.
Transaction Cash Withdrawal Balance Inquiry

Transaction done on Other NIL NIL
Bank ATMs in India
Transaction done on Other Rs. 110/- Rs. 15/-
Bank ATMs outside India
HDFC Bank and Kotak Mahindra Bank, two of India’s leading private sector banks have today
signed a Memorandum of Understanding to share their ATM network. This agreement will give
customers of the two banks access to over 1400 ATMs across the country.
The agreement was signed at HDFC Bank’s Head Office at Lower Parel by Mr Aditya Puri,
Managing Director, HDFC Bank and Mr Uday Kotak, Executive Vice-Chairman & Managing
Director, Kotak Mahindra Bank.
While HDFC Bank has 1335 ATMs across 228 locations in the country, Kotak Mahindra Bank
has 75 ATMs at 41 locations, accessible 24 hours a day, 365 days a year.
Speaking on the occasion Mr. Puri said, “Customers are today demanding convenience and
access to their accounts, 24X7. In this context, Direct Banking Channels are increasingly finding
favour with customers and the convenience they provide has resulted in significant migration of
traffic to channels like the ATM, Phone, Net and Mobile. By offering our respective ATM
networks to customers of both banks, today's agreement with Kotak Mahindra Bank presents
greater reach and convenience to customers, thereby enhancing their banking experience.”
Speaking on the tie-up Mr Uday Kotak said, “Convenience for today’s busy customers is
paramount. As bankers we have to anticipate what these needs for convenience are and devise
our offerings in a manner that will simplify the customer’s day to day interaction with his bank.
Our tie up with HDFC Bank is one more step towards providing our customers time saving and
easy access to his bank account. This tie up will provide our customers access to 1400+ ATMs,
from over 228 locations in the country.”
The charges for HDFC Bank customer for using the partner’s ATMs are Rs. 18 for Cash
withdrawals and Rs. 7 for Query-based transactions such as balance enquiry.
Kotak Mahindra Bank is offering access to HDFC Bank ATM network free of cost to most of its
customers. Also, Kotak Mahindra Bank’s existing ATM network tie-up with UTI Bank has come
to an end
PHONE BANKING
Avail of the following services via Phone Banking:
 Check your account balance.

 Enquire on the cheque status.
 Order a Cheque Book / Account Statement.
 Stop Payment.
 Loan Related queries.
 Open a Fixed deposit or Enquire on your Fixed deposits / TDS.
 Pay your bills.
 Report loss of your ATM / Debit Card / ForexPlus.
 Learn about all our other products.
 Enquire about latest Interest / Exchange rates.
 Request a Demand Draft / Manager's Cheque.
 Demat Related Queries.
E-PAYMENTS
ONLINE BILL PAYMENT
Key benefits:
 Convenience at its best - No queuing up at collection centers or writing

cheques any more!
 A variety of payment modes available - ATMs, Net Banking and Phone
Banking.
 Payments can be made right up to the due date.
 Check your bill amount before you make any payments - ensuring you pay the
exact amount you wish to.
 Receive discount from specific billers on payments made through BillPay.
Discounts will be provided in the next month's bills.
We have tie-up with over 80 Utility Companies across India. Using Bill Pay, you can
pay your bills for 5 different electricity consumer numbers, 5 different phone (landline +
cellular) numbers and 5 different insurance policy numbers - via ATM, Net Banking and
Phone Banking.
INSTANT PAY
Key Benefits:
 Convenience - No need to stand in queue or write cheques, customers can pay

at their convenience from their home or office.
 No registration hassles - No need to register for the service before paying bills.
Important things to know:

 For Electricity Companies, you have to make payment at least 2 days before the
due date.
 You need to have Net Banking password for making the payments.
 Submit the correct bill details, incorrect details will lead to wrong payments to the
Utility Company. In such a case, customers will have to follow up with utility
company.
Charges:
 For each transaction, there is a nominal fee of Rs 10/- (plus taxes).
DIRECT PAY
 Shop online on any websites offering HDFC Bank's Direct Pay facility.
 Select the products that you would like to purchase.
 In the checkout process, select HDFC Bank's Direct Debit / NetBanking as your
option.
 Authorise the transaction using your Customer ID & NetBanking password.
 The purchases are debited directly to your account and credited to the account of
the establishment (or the website where the purchases were made).
However, shopping is not the only option that you have. You can also purchase railway
tickets, pay your telephone, mobile and insurance premium online.
SBI DIRECT BANKING
INTERNET BANKING
www.onlinesbi.com the Internet banking portal of the bank, enables its retail banking
customers to operate their accounts all across India, removing the restrictions imposed
by geography and time. It's a platform that enables the customers to carry out their
banking activities from their desktop, aided by the power and convenience of the
Internet.
Availing the Internet banking services, you can do the following normal banking
transactions online:
 Self-account funds transfer across India.

 Third party transfers in the same branch.
 New account opening.
 Demand Draft requests.
 Standing instructions.
 New Cheque-book request and much more.
Apart from these, the other salient value-added features available are:
 Railway tickets booking.
 Utility bill payments.
 LIC and other insurance premia payments.
 SBI Mutual funds Investments.
 Remit Subscription to PPF account.
 Credit card dues payments.
 Deposit your taxes.
 Donations to your religious inspirations.
 Donations to Red Cross and such other organisations.
 Setting up SMS alerts for transaction information.
Truly smart services to cover most of your banking transactions. Above all, you can
transfer funds between your accounts held at several locations. All this and much more
from your desktop.
All this at no cost - It's free! And most important -the site is 'VeriSign' certified -
indicating that it's absolutely safe and secure for you to transact online.
MOBILE BANKING
Away from home, bills can be paid or money sent to the loved ones or balance
enquiries done anytime 24x7 !!!That is what SBI FreedoM offers -convenience, simple,
secure, anytime and anywhere banking.The service is presently available on java
enabled mobile phones over SMS/ GPRS/ WAP as also non java phones with GPRS
connection. The service can be availed over the free GPRS facilities offered by various
mobile service providers. The services for other non-Java mobile phones are under
development and will be offered using Unstructured Supplementary Services Data
(USSD).
The following functionalities will be provided in the Phase I :

 Funds transfer (within and outside the bank –using NEFT).
 Enquiry services (Balance enquiry/ Mini statement).
 Request services (cheque book request).
 Bill Payment (Utility bills, credit cards).
 M Commerce (Mobile Top Up, Merchant payment, SBI life insurance premium).
Business Rules Governing Mobile Banking Services

 The Mobile Banking Service will be available to all the customers having a
satisfactory running account (Current/ Savings). The customers will have to
register for the services.
 Daily transaction limits for fund transfer and bill/ merchant payment will be
Rs.5000.00and Rs.10,000.00 respectively per customer with an overall calendar
month limit of Rs.30,000.00.
 The service will be carrier-agnostic i.e. all customers can avail the mobile
banking service with the Bank irrespective of the service provider for their
mobiles.
 The service is free of charge. However, the cost of SMS / GPRS connectivity will
have to be borne by the customer.
E-COMMERCE&M-COMMERCE
Policy Document for empanelment of Vendors/ Merchants/

Billers

The following guidelines have been approved by the Bank’s Board for empanelment of
aggregator / merchants for e-Commerce & m-Commerce transactions:
The Bank's liability regarding delivery of the product and/or quality thereof is nil (which
will be made clear in the disclaimer). E-Commerce / m-Commerce facility would be
made available to firms only if they authorize the Bank to debit their collection account
and credit the customer account in respect of unresolved claims of the customers. The
guidelines / policies are grouped under the following heads:-
 Business criteria applicable for selection: Several business related

parameters have been prescribed. The details of aforesaid parameters along
with value statement and stipulations are given in Annexure “A”.
 Commercial criteria for such accreditation: Commercial parameters signifying
stipulations are contained in Annexure “B”.
 Technology parameters for the tie-up: Technology parameters to ensure and
safeguard the interests of all stakeholders have been provided in Annexure “C”.
 The Entity desiring to enter into an arrangement with the Bank would need to
submit their proposal to the Bank on the format prescribed in Annexure “D”.
ATM SERVICES
State Bank offers you the convenience of over 8500 ATMs in India, the largest network
in the country and continuing to expand fast! This means that you can transact free of
cost at the ATMs of State Bank Group (This includes the ATMs of State Bank of India
as well as the Associate Banks – namely, State Bank of Bikaner & Jaipur, State Bank of
Hyderabad, State Bank of Indore, State Bank of Mysore, State Bank of Patiala, State
Bank of Saurashtra, and State Bank of Travancore) and wholly owned subsidiary viz.
SBI Commercial and International Bank Ltd., using the State Bank ATM-cum-Debit
(Cash Plus) card.
KINDS OF CARDS ACCEPTED AT STATE BANK ATMs
Besides State Bank ATM-Cum-Debit Card and State Bank International ATM-Cum-
Debit Cards following cards are also accepted at State Bank ATMs: -
 State Bank Credit Card.

 ATM Cards issued by Banks under bilateral sharing viz. Andhra Bank,Axis
Bank, Bank of India, The Bank of Rajasthan Ltd., Canara Bank, Corporation
Bank, Dena Bank, HDFC Bank, Indian Bank, Indus Ind Bank, Punjab National
Bank, UCO Bank and Union Bank of India.
 Cards issued by banks (other than banks under bilateral sharing) displaying
Maestro, Master Card, Cirrus, VISA and VISA Electron logos.
 All Debit/ Credit Cards issued by any bank outside India displaying Maestro,
Master Card, Cirrus, VISA and VISA Electron logos.
Features:
 Withdraw cash from over 8500 ATMs of our group FREE.

 Recharge pre-paid mobile phones of Vodafone, IDEA, Reliance and BPL without
any charges at any State Bank ATM.
 Recharge pre-paid mobile phones of AIRTEL of 11 Circles viz. Mumbai, Delhi,
Gujarat, M.P., U.P. (East), U.P. (West), Karnataka, Kerala, Andhra Pradesh,
Tamilnadu, and Chennai, through ATM/ SMS anywhere in India.
 Recharge mobile phones of AIRTEL, Vodafone, IDEA and BPL without any charges at
all ATMs as well as by sending SMS (after registration at State Bank ATM).The text of
SMS will be as under:-
Service Provider SMS Text Send SMS to
Airtel RC (AMOUNT) PIN 535
BPL RC SBI (AMOUNT) PIN 140
Vodafone RC SBI (AMOUNT) PIN 147
IDEA RC SBI (AMOUNT) PIN 575
 Payment of SBI Credit Card bills.
 Payment of SBI Life insurance premium.
 Pay fees of select colleges.
 Donate to Temple Trusts: - (a) Vaishno Devi (b) Shirdi Saibaba (c) Gurudwara
Takht Saheb, Nanded (d) Tirupati and (e) Sri Jagannath Temple, Puri.
Transaction Limits:
 Daily limit of Rs 25,000/- at the ATM

 Daily limit of Rs 50,000/- at Point of Sale (POS) terminal for debit
transactions
Combined daily limit of Rs 75,000/-
 The breakup of Multi Option Deposit Scheme units is available through the
Saving Bank / Current Account linked with the ATM-Cum-Debit Card, if
attached with the MODS.The withdrawals can be made in units of Rs 1000/-
from the Deposits.
Fees:
There is no joining fee for State Bank ATM-cum-Debit (Cash Plus) card. Annual
maintenance fee of Rs. 50/- p.a. will be recovered from the second year of issue.
State Bank Cash Plus International Card
WITHDRAWAL LIMIT: -

i) Cash Withdrawals(per day) :
India Abroad
Minimum Rs. 100 Depends on the Bank whose
ATM is being used
Maximum Rs. 45000 US$1000 or equivalent

ii) Transaction at POS (per day) :

India Abroad
Maximum Rs. 1,00,000 US$1000 or equivalent
Maximum permitted aggregate utilization in a day is Rs. 145000 in India and equivalent

to US$ 2000 abroad (subject to compliance with the RBI and Exchange Control/ FEMA
Regulations).
TRANSACTION COSTS:
The Card holder's account is liable to be debited with the following fees, if the
transaction is made at an ATM owned by bank other than SBI and its Associates: -

Type of Transactions at Transactions at Transactions at
transaction ATMs of Banks ATMs of other ATMs under
under Banks under Maestro /
arrangements Maestro / Master Card/
for Bilateral Master Card/ Cirrus network
Sharing of ATM Cirrus network (Abroad)
Network (In India)
(A) (B) (C)
Cash Rs. 20/- Rs. 20/- Rs. 150/- *
Withdrawal
Balance Nil Nil Rs.15/- *
Inquiry
(* plusService Taxand Education Cess as applicable)

Note : When used on ATMs of Banks other than those under bilateral sharing
arrangement but displaying Master Card/ Maestro/ Cirrus logos, non completion of
transaction due to insufficient balance in the designated account will betreated as a
declined transaction andwill attract same charges as balance inquiry fee, noted above.
Fees
The State Bank Cash Plus International Card is available for one time joining fee of Rs
200/-. Annual maintenance fee of Rs. 50/- p.a. will be recovered from the second year
of issue.
STATE BANK INTERNATIONAL ATM-CUM DEBIT CARD
Eligibility
All Saving Bank and Current Account holders having accounts with networked branches
and are:
 18 years of age & above
 Account type: Sole or Joint with “Either or Survivor” / “Anyone or Survivor”
 NRE account holders are also eligible but NRO account holders are not.
Benefits
 Convenience to the customers traveling overseas.
 Can be used as Domestic ATM-cum-Debit Card.
 Available at a nominal joining fee of Rs. 200/-.
 Daily limit of US $ 1000 or equivalent at the ATM and US $ 1000 or equivalent at
Point of Sale (POS) terminal for debit transaction.
 Purchase Protection*up to Rs. 5000/- and Personal Accident cover*up to Rs.
2,00,000/-.
 Charges for usage abroad: Rs. 150+ Service Tax per cash withdrawal Rs. 15 +
Service Tax per enquiry.
E-PAY
 Bill Payment@OnlineSBI.com (e-Pay) will let you to pay your Telephone, Mobile,
Electricity, Insurance and Credit Card bills electronically over our Online SBI
website http://www.onlinesbi.com.
 Say good-bye to queues: Check & Pay your bills online, 24 hours a day, over e-
Pay. You even get a Cyber Receipt for your payments done online or scheduled
over online SBI!.
 If your biller presents bills online, you can also give us Auto Pay instructions and
we will pay the bills as and when it falls due.
 The service is available for select local billers at Ahmedabad, Bangalore, Bhopal,
Bhuvaneshwar, Chandigarh, Chennai, Delhi, Guwahati,Hyderabad, Kolkata,
Lucknow, Mumbai, Patna,Thiruvanathapuram. The national billers like LIC,SBI
Cards, SBI Life Insurance etc. can be paid at any centre across the country.
 You can add billers online using the Add Biller link on http://www.onlinesbi.com
site or you can fill up the SBI e-Pay Registration Form (SeRF) which is available
at the branch and submit thereat. Branch will add your Billers for payment over e-
Pay.
DATA
Methods of data collection:
Research is a way of finding out new dimensions of looking at familiar things in order to
explore ways of changing it .research is nothing but purposive investigation with
various goals such as means for gaining knowledge can be carried out either arbitrarily
or in a systematic fashion.
We have done the primary as well as the secondary data collection method.
Primary data:
 Questionnaire
Secondary data:
 Internet and company Website.
CONCLUSION
 Kotak Mahindra Bank offers most of the direct banking services free of charge..
 Most of the customers of Kotak Mahindra Bank are the satisfied with direct
banking facility offered by bank.
 Most of the customers of Kotak use net banking among all the other direct
banking channels.
 Most of the people who have there account in different banks use direct banking
channels for knowing there account status or for various account related
information.
 Most of the male customers have fear of improper knowledge while using
different direct banking channels while the female customers have fear of
hacking of there accounts while using direct banking channels.
 From the study I also conclude that persons belonging to the age group of 20-30
yrs find direct banking more convenient than personal banking.
 From the above study I also conclude that persons belonging to the age group of
20-30 yrs give more importance to speed than the others who give more
importance to safety.
 From the above study I also conclude that most of the people rate very good to
the direct banking services of kotak Mahindra bank.
RECOMMENDATIONS
With few years in banking business and seeing the responses of the customers I can
say that the bank has great potential to perform well in future with the help of this study I
would like to give following recommendations:-
 The company should pay more attention on customer satisfaction this will help
them in building good relationships with them which will prove to be profitable for
them in long run.
 The company should also keep an eye on competitors strategy and bring about
necessary changes from time to time
 In such a competitive environment the bank must persevere to shorten the

processing time and reduce unnecessary formalities to speed up the processes.
 The bank must concentrate more on personal relationship and services offered
as differentiation on the basis of product is difficult.
 The concept of “customer touch point” should gradually evolve at various

interface of the management hierarchy within the bank. This means that a
concept of centralized data base collection and assortment should be introduced
in the bank, so that important customer information does not change hands
frequently.
 The branches must look in for corporate tie up with the existing organizations.
 Bank can adopt the concept of franchise so as to focus on a particular Target

market.
 Bank should think of UBOs also for expanding its relationship horizon. Proper
product knowledge should be given to the UBO’s especially about the products
for which it is acting as a corporate selling agent (HSBC got tie up with Canara
Bank and Oriental Bank of Commerce for its life insurance).
BIBLIOGRAPHY
 http://www.kotak.com
 http://www.kotaklifeinsurance.com
 http://www.icici.com
 http://www.hdfc.com
GRAPHS
FIGURE 1
Count
Occupation
business student service others Total
Gender Male 19 15 20 11 65
female 7 16 9 3 35
Total 26 31 29 14 100
FIGURE 2
Count
Charges(a13)
yes no Total
ICICI 5 10 15
BANKS
KOTAK 13 28 41
(a4)
SBI 15 12 27
HDFC 5 5 10
OTHERS 2 5 7
Total 40 60 100
FIGURE 3
Count
Satisfaction(a14)
yes no Total
BANKS ICICI 11 4 15
(a4)
KOTAK 27 14 41
SBI 17 10 27
HDFC 8 2 10
OTHERS 4 3 7
Total 67 33 100
FIGURE 4
Count
Channels
net banking home banking phone banking auto pay SMS banking Total
Banks ICICI 4 3 3 3 2 15
KOTAK 17 8 7 6 3 41
SBI 7 4 3 12 1 27
HDFC 3 2 4 1 0 10
OTHERS 1 3 0 1 2 7
Total 32 20 17 23 8 100
FIGURE 5
Count
Purpose
account
information fund transfers e-payments investments Total
Gender Male 24 19 15 7 65
female 18 6 5 6 35
Total 42 25 20 13 100
FIGURE 6
Count
Fears
improper bad customer

hacking knowledge costly service Total
Gender Male 18 22 17 8 65
female 13 10 7 5 35
Total 31 32 24 13 100
FIGURE 7
Count
types
direct banking personal banking Total
Age 20-30 35 20 55
30-40 18 8 26
40-50 8 2 10
50 and above 3 6 9
Total 64 36 100
FIGURE 8
Count
a9
safety speed feasibility reliability Total
Age 20-30 16 18 12 9 55
30-40 13 3 5 5 26
40-50 3 4 1 2 10
50 and above 4 0 2 3 9
Total 36 25 20 19 100
FIGURE 9
Count
rating
satisfactory good very good excellent Total
Banks ICICI 5 6 2 2 15
KOTAK 7 11 17 5 40
SBI 4 18 4 2 28
HDFC 1 2 4 3 10
OTHERS 0 1 5 1 7
Total 17 38 32 13 100
QUESTIONNAIRE
1: NAME--------------------------------------
2: GENDER: -------------------
3: OCCUPATION:
a) Business
b) Student
c) Service
d) others
4: AGE GROUP:
a) 20-30
b) 30-40
c) 40-50
d) 50 and above
5: WHICH BANK DO YOU BANK WITH?
a) ICICI
b) KOTAK
c) SBI
d) HDFC
e) OTHERS
6: WHICH OF THE FOLLOWING YOU FIND MORE CONVENIENT FOR BANKING

USE?
a) Direct Banking
b) Personal Banking
7: HOW FREQUENTLY DO YOU USE DIRECT BANKING CHANNELS?
a) Daily
b) Weekly
c) Monthly
d) Quarterly
8: DO YOU HAVE ANY FEAR WHILE USING DIRECT BANKING CHANNELS?
a) Hacking
b) Improper knowledge
c) Costly
d) Bad customer service
9: WHICH DIRECT BANKING CHANNELS DO YOU USE?
a) Net Banking
b) Home Banking
c) Phone Banking
d) Auto pay
e) SMS Banking
10: WHAT FACTORS YOU CONSIDER WHILE OPTING FOR DIRECT BANKING
CHANNELS?
a) Safety
b) Speed
c) Feasibility
d) Reliability
11: FOR WHAT PURPOSE YOU USE DIRECT BANKING CHANNELS?
a) Account Information
b) Fund transfers
c) e payments
d) Investments
12: ARE YOU SATISFIED WITH THE SECURITY MEASURES PROVIDED BY THE
BANKS FOR DIRECT BANKING?
a) Yes
b) No
13: HOW WOULD YOU RATE DIRECT BANKING SERVICES?
a) Satisfactory
b) Good
c) Very good
d) Excellent
14: DOES YOUR BANK CHARGE YOU FOR USING DIRECT BANKING SERVICES?
a) Yes
b) No
15: ARE YOU SATISFIED WITH THE DIRECT BANKING CHANNELS YOU USE?
a) Yes
b) No

Comparative Analysis of Direct Banking Services of Kotak With Other Banks

Uploaded by

Copyright:

Available Formats

You might also like

Comparative Analysis of Direct Banking Services of Kotak With Other Banks

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Comparative Analysis of Direct Banking Services of Kotak With Other Banks

Uploaded by

Copyright:

Available Formats

COMPARATIVE ANALYSIS OF DIRECT

BANKING SERVICES OF KOTAK WITH

PARUL INSTITUTE OF MANAGEMENT

GUJARAT TECHNOLOGY UNIVERSITY,

In partial fulfillment of the requirement of

Under the Guidance of

5. CRITICAL REVIEW OF LITRATURE

9. KOTAK RETAIL LIABILITIES

10. COMPARATIVE ANALYSIS OF DIRECT BANKING SERVICES

During my internship I experienced working as a part of Kotak Mahindra Bank Limited

IMPORTANCE OF THE STUDY

 It reduces the heavily expected non response of many smaller operators.

NATIONALIZED BANKS IN INDIA

Banking System in India is dominated by nationalized banks. The nationalization of banks in

PRIVATE BANKS IN INDIA

Major Private Banks in India is:

DRIVERS OF RETAIL BUSINESS IN INDIA

OPPORTUNITIES AND CHALLENGES OF RETAIL BANKING

CHALLENGES FOR THE INDUSTRY AND ITS STAKEHOLDERS

 Mr. Uday Kotak Executive Vice Chairman & Managing Director

 Mr. Dipak Gupta

OUR CORPORATE IDENTITY

KOTAK RETAIL LIABILITIES

F: SAFE DEPOSIT LOCKERS

 Pro Savings Account

 Edge Savings Account

 Nova Savings Account

 Classic Savings Account - available only in select locations

 Easy Savings Account (No Frills Account)

 Corporate Salary Account

ACE SAVINGS ACCOUNT

Features & Benefits

Free access at all domestic and international VISA ATMs

Multiple access channels

Financial payments facilitated through the savings account

Quick and easy funds transfer Transfer funds

Free banking transactions

Free investment account

Dedicated relationship manager

Family Savings Account

Online trading account

PRO SAVINGS ACCOUNT

Features & Benefits

Multiple access channels

Free investment account

Financial payments facilitated through the savings account

Quick and easy funds

Dedicated relationship manager

Free banking transactions

Family Savings Account

EDGE SAVINGS ACCOUNT

Features & Benefits

Multiple Access Channels

Financial payments facilitated through the savings account

Quick and easy funds transfer

Free investment account

NOVA SAVINGS ACCOUNT