No Frill Account In Kotak Mahindra Bank

Hi buddy I heard Kotak Bank offers No-Frill' Easy Savings Account with all basic banking facilities, is it so , If yes then I would like to open my account there ?

[pawan]

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India.

Yes Kotak Bank offers No-Frills Easy Savings Account with all basic banking facilities with very low Average Monthly Balance requirements (AMB).

Bank profile:

Type Private sector Bank

Traded as BSE: 500247

NSE: KOTAKBANK

Industry Banking, Financial service

Founded 1985 (as Kotak Mahindra Finance Ltd)

Headquarters MumbaiTerriest, India

Key people Uday Kotak (Founder & Executive Vice Chairman & MD)

Dipak Gupta (Joint MD)

Jaimin Bhatt (President & Group CFO)

Shanti Ekambaram (President - Consumer Banking)

KVS Manian (President - Corporate, Investment & Institutional Banking)

Mohan Shenoi (Chief Operating Officer)

Gaurang Shah (President - Asset Management, Insurance and International
Business)

D Kannan (Group Head - Commercial Banking)

Arvind Kathpalia (President &Group Chief Risk Officer)

Products Deposit accounts, Loans, Investment services

Revenue 27,974.52 crore (US$4.4 billion)(2016)

Net income 3,431.12 crore (US$540 million)(2016)

Total assets US$15.8 billion(2015)

Number of employees 46,500+ (2016)