For centuries and centuries, people have been saving money for their future. As future is uncertain, nobody lies what is in there for him/her in future. Saving money is a good habit and for decades, the savings account has been playing a major role in the Indian Banking.
Similarly, Kotak Mahindra is one such example. Today, in the article we are going to talk about the Kotak Mahindra’s Savings Account, its types and how to open the savings account online.
|Some Relevant Links|
|Kotak Mahindra Bank Credit Card Customer Care Number||Click Here|
|Link Aadhaar With Kotak Mahindra Bank Account||Click Here|
|Kotak Mahindra Bank IFSC Code||Click Here|
If you are able to put aside a little of your monthly income inconsistently, you will better off starting a savings account. Choosing a right kind of savings account in Kotak Mahindra can be a frugal option. A high-interest savings account can be an answer to generate sizeable yields with a marginal effort and little risk.
How to Open a Kotak Mahindra Bank Savings Account Online
To open a Kotak Mahindra Savings Bank Account Online you need to follow the following steps:
Visit the official website of Kotak Mahindra Bank- www.kotak.com
Now when you reach the homepage, go to the explore products section and select the savings account option.
Now enter the basic details and click next to go further
Then complete the Aadhaar verification and enter the personal details.
Set the PIN and at the end confirm the details.
The savings account of the Kotak Mahindra will then connect with the applicant to continue the further step. The users can also check the status through SMS alerts and e-mails.
Interest Rates on Kotak Mahindra Bank Savings Account
Rate of Interest
Savings Deposit Balance up to Rs 1 Lakh
5% per annum
Savings Deposits Between Rs 1 Lakh and Rs 1 Crore
6% per annum
Savings Deposit Between Rs 1 Crore and Rs 5 Crore
5.5% per annum
Types of Savings Account of Kotak Mahindra Bank
1. Platina Savings Account:
This account requires a Monthly Average Balance (AMB) of Rs 100, 000. In this account, you can earn up to 6% of interest per annum on the money remaining in your account. A larger debit card with a withdrawal limit of Rs 2 Lakhs limit per day is provided with the account.
2. Jifi Saver:
In this account, up to six percent of interest in available on your balance and you also get a complimentary JIFI Platinum Chip Debit Card for the initial year. The account holder will belong to the Jifi Loyalty Club and will receive assured rewards when you share or transfer funds.
3. Sanman Savings Account:
You must retain an average quarterly balance of Rs 2000 in a Jifi Saver Savings Account, which will fetch you a rate of interest of 6% on your balance.
4. Grand Savings Programme for the 55+:
With this type of savings account, you can avail up to 6% interest on the outstanding amount present in your account as well as a money back up to Rs 4500. Along with this, you are also provided with a premium service and a first aid card.
5. Ace Savings Account:
This account requires a Monthly Average Balance of Rs 50, 000 and you can make up to 6% of interest on the remaining sum in your account. This account provides a withdrawal limit of Rs 2 Lakhs via ATM.
6. Edge Savings Account:
This account requires an Average Quarterly Balance of Rs 10, 000, doing this will bring you a six percent of interest on your account balance every year.
7. Pro-Savings Account:
This account requires an average monthly balance of Rs 20, 000 and will provide you a six percent of interest in your account balance every year.
8. Classic Savings Account:
Requires an Average Monthly Balance of Rs 10, 000 and will provide you returns at six percent.
9. Nova Savings Account:
This account accumulates cash at the rate of six percent interest by maintaining an Average Monthly Balance of Rs 5000 in your account.
10. Silk- The Savings Programme for Women:
In this account, you will receive attractive rewards like free movie tickets when you spend using Kotak Silk Debit Card. You will also get rebates on the Locker Rentals, 50% waiver in Best Compliments Cards issuance charges and more.
11. Junior- The Savings Accounts for Kids:
For the kids above the age 10 are provided with a personalized Junior Debit Card and ID Card.
12. JIFI Neo Savings Account:
The Kotak Mahindra JIFI Neo Account is an essential savings account which consists of a lot of features. Through this account you receive, a 6% interest on your account balance, along with that you also get a Classic Debit Card which is available for a nominal fee of only Rs 199 per year. The debit card offers a purchasing limit of Rs 1, 50,000 along with a daily ATM cash withdrawal limit of Rs 25, 000. Provides cashless banking by making quick and secure online fund transfers via NEFT, RTGS or IMPS. You can also carry out one cash deposit ad one cash withdrawal transaction per month from your home branch, free of charge.
13. JIFI Pro Savings Account:
Through JIFI Pro Savings Account you can enjoy both Digital and Branch Banking. There are many other benefits that the account offers. Some of these include the chance of earning 6% of interest on the account deposits and the facility to carry out secure online fund transfers via NEFT, RTGS and IMPS free of charge. The account holders receive a Platinum International Chip Debit Card which offers a high daily transaction limit of Rs 2 Lakh and a daily ATM Withdrawal Limit of Rs 50, 000. The other benefits offered from this account are the Loyalty Rewards on the cash transactions, free 5 cash – pickups and delivery per month, charge free cash withdrawals from any Kotak Mahindra Bank anywhere in India and much more. Banking and the option to earn to earn higher interest by converting Saving Account Balance to Term Deposit with Kotak ActivMoney.
14. Ace Savings Account:
The Kotak Mahindra Ace Savings Account offers a wide number of benefits. It also offers access to many premium services which are linked exclusively to the account. You can earn interest up to 6% and can enjoy cashless shopping with Platinum International Chip Debit Card which carries a daily transaction and an ATM withdrawal limit up to Rs 2 Lakhs. This account provides several facilities such as Net Banking, Mobile Banking, Phone Banking, Home Banking, and Cash Withdrawals at Non-Kotak ATMs, demand draft facility, and electronic fund transfer via NEFT/RTGS/IMPS, outstation cheque collection, and multicity cheque books. The Account Holders will receive a 15% discount on Locker Rent and 25% discount on issuance of gift cards.
15. My Family Savings Account:
My Family Savings Account is a unique savings account which offers many benefits. It also offers an interest rate of 6% on account balances along with the mobile banking services and electronic fund transfer via NEFT, RTGS and IMPS. The Account Holders enjoy an additional 25% discount on the issuance charges of the Travel Card and a 15% discount on the Locker Rent. The Bank also provides a dedicated relationship manager with My Family Savings Account.
16. Alpha Savings Account:
The Alpha Savings Account is a unique account which combines the benefit of both Insurance as well as Investment with channels such as the Mutual Funds, Recurring Deposits or NPS. This account is specially designed for an age limit between 18 years to 54 years, the savings account not only provides savings but also provides investment simultaneously. Under this account, the holders earn an interest up to 6% on their account balance and other benefits such as savings on debit card transactions with up to Rs 4, 500 cashback per year. It also provides a chance to invest on different investment programs such as SIP, RD, and NPS. The insurance aspect of this program includes a life cover of Rs 20 Lakhs for your family with a nominal monthly premium of Rs 300.
Through this article, we got to know the different types of the savings account of Kotak Mahindra Bank. So, therefore, before you choose to open a savings account, choose wisely.
Punjab National Bank (PNB) is an Indian multinational banking and financial services company. The bank was brought into being in 1894. It has over 80 million customers, 6,937 branches and 10681 ATMs across 764 cities.
The bank was started with the aim to provide the country with a true national bank which would dedicate itself to working towards the economic interest of the country and play a crucial role in ensuring the country’s growth and prosperity.
The bank also provides various products and services in order to cater to all the banking needs of its customers. Punjab National Bank (PNB) has now made the life of its customers a lot easier and convenient by introducing ‘Account Balance’ checking via various comfortable ways.
In this article we have listed out all the possible through which you can check your PNB account balance.
Ways to Check PNB Account Balance
There are various ways by which one can check Punjab National Bank account balance which are as follows:
PNB offers various banking services through SMS banking facility such as track transactions made using your debit card / credit card, receive an OTP (One Time Password) in order to authorize online transactions, request for a balance enquiry etc
You can opt for SMS banking by getting your mobile number registered at the nearest PNB branch. After that you will have to send a SMS from your phone to 5607040 with the required keyboard
In case of Balance Enquiry you should Type BAL 1928365XXXXXXXXX and send it to 5607040
You can also perform this task by calling to customer care, follow the below mentioned points for the same:
- SMS Pattern: BAL <Space> “16 digit account number” and send it to 5607040
- You will receive a reply SMS from the bank that contains your account balance details
- You can also get a Mini Statement by following this method i.e. MINSTMT <Space> 16 digit account number and send it to 5607040
There are many benefits of SMS banking such as:
- You don’t even need a smart phone to avail the service.
- You can track your account anywhere, anytime; round the clock
- You can also detect any unauthorized access to your accounts
Via Missed Call
If you are a Punjab National Bank (PNB) customer, you can avail the missed call facility. For that all you have to do is register your mobile number with the bank.
To know you account balance you can give a missed call to toll – free number 1800 180 2223 and cut the call on your own and your account balance will be sent on your phone in seconds.
Also note that you will have to give missed call only from your registered mobile number.
There are many benefits of Punjab National Bank missed call facility which are as follows:
- The call is free of cost; there are no charges applicable for the same
- You can get last clear balance in the account
- It is absolutely convenient, safe and secure way to get account balance
Via Internet Banking
Like many other major Indian banks, PNB also offers internet banking to its customers. Online banking is considered to be the most convenient way of banking as one can bank round the clock even from the convenient of their home. There are multiple benefits of internet banking; one of which is checking account balance.
Follow the below mentioned steps in order to check your account balance via internet:
- Log in to the official website of PNB www.pnbindia.in
- Enter User ID and Password
- After log in you will be taken to your account and there you can check your account balance
There are many benefits of Internet Banking which are as follows:
- By banking through Internet Banking facility you can keep all your balance and transaction search history for future use
- You can also get e – statements and statement preferences
- Through Internet banking you can easily pay your bills, can transfer funds between accounts etc
- It is also fast and efficient. You can transfer funds from one account to the other very fast.
As per the new guidelines of RBI (Reserve Bank of India), in case an individual is moving to a new city, they are required to submit proof of their new address by providing Passport, Driving license, or Voter ID Card, within three months of opening a bank account.
Ministry of Finance has notified this new rule as a result of change in the anti – money laundering rules which mandates five specific documents to be the proof of present address that a customer is required to submit to a bank branch in order to open a new account.
This Step has been taken as per the Prevention of Money Laundering (Maintenance of Records) Rule, 2005 which is now called Prevention of Money Laundering (Maintenance of Records), Second Amendment Rules, 2017.
This new rule is going to create a fuss amongst people who changes cities frequently due to job purpose.
However, RBI is yet to come up with the operational guidelines, even six months since government has released the notification, where usually government issue the operational guidelines within days after a notification comes out.
According to sources, central bank has forwarded this issue to the government, underlining the difficulties that would be faced by the citizens.
In response to that, government has provided a three – month window for the account holder to act in accordance to the norm.
At the moment, individuals moving to a new city and opening a new bank account are required to submit a proof of identity and proof of address. There are six valid documents for proof of identity – passport, driving license, voter’s identity card, PAN card, Aadhaar card and NREGA job card.
And for proof of address, individuals can submit documents such as rent agreement and utility bills as instructed by the RBI.
State Bank of India (SBI) is the largest public sector bank in India. It is a government – owned corporation with its headquartering in Mumbai, Maharashtra. State bank of India also merged with its five of its associate banks which are State bank of Bikaner and Jaipur, State bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore, and with the Bharatiya Mahila Bank.
State Bank of India offers various products and services to cater to the needs of its customers. It also offers balance heck facility through various ways.
In this article we have listed all the ways through which one can check their bank account balance from the comfort of their homes.
To start, the customers are required to register their mobile numbers with their bank accounts or login to their internet banking.
|Some Relevant Links|
|SBI Bank Saving Account||Click Here|
|SBI Credit Cards||Click Here|
|SBI Bank Credit Card Customer Care Number||Click Here|
|SBI PPF Account||Click Here|
|Link Aadhaar Card With SBI Bank Account||Click Here|
|SBI Bank IFSC Code||Click Here|
Check SBI Account Balance Through Internet Banking
If you wish to check your account balance online you can do so which is extremely feasible and convenient. Follow the below mentioned steps for the same:
- Visit official website of SBI bank and log in to your bank account
- Click on the personal banking from the options given
- Enter your user name and password (you can do so by using virtual keyboard option made available by SBI for enhanced security)
- Choose the option “Click here for balance” and the account balance will be available to him
(You can also view last ten transactions).
To avail this facility of online balance enquiry customers are required to fill up the form by choosing the option of internet banking at the time of opening account at SBI.
In case you haven’t filled the form at the time of opening SBI account, the account holder can again approach his bank branch and fill and submit the net banking for in order to get this facility.
Check SBI Account Balance Through Missed Call Banking
If you wish to check your account balance by giving a missed call you can do that as well. Follow the below mentioned method for the same:
- Give a missed call at 922376666 or 9223866666 from your registered mobile number. After that you will receive a SMS containing your account balance.
There are many benefits of Missed Call Banking which are as follows:
- It is a free service from the bank through which you can get your account balance, mini statement, and more by just giving a missed call to the dedicated number
Check SBI Account Balance Through SMS
SMS banking is another most convenient type of banking. You can use “SBI quick” facility in order to get your bank account information on your fingertips.
To enable this facility, you have to send an SMS (REG <SPACE> account number) and send it to 09223488888.
However, make sure to register your mobile phone number beforehand.
Once registered, type “BAL” and send it to 09223766666. And you will receive your account balance on your mobile phone.
Apart from balance enquiry, there are other information which you can receive instantly which are as follows:
- Available credit and cash limit
- Block lost or stolen cards
- Last payment status
- Reward points summary
- Subscribe to e – statements
- Request for duplicate statement
Check SBI Account Balance by Calling SBI Customer Care Number
You can also call SBI toll – free number i.e. 1800 11 2211 and 1800 425 3800. The customer care executive will ask you for your account number or last transaction details. And you can know your account balance directly from them
- Login to your account in SBI Freedom App
- Click on “My Accounts” which is displayed on the screen. And choose any one option from the drop down menu such as transaction accounts, balance enquiry, or mini statements and get details
Check SBI Account Balance Through USSD Code
In case you have registered number for mobile banking, you can know your balance by dialling USSD code *99*41# without internet.
Check SBI Account Balance Through ATM
To check your SBI account balance, follow the below mentioned steps:
- Visit nearest ATM and insert your card
- Click on “Balance Enquiry” and enter your ATM PIN
- Select “from saving” and balance will be displayed on ATM screen
The India’s largest Private Bank ICICI Bank launches a digital service that allows the customers to open PPF Account through Internet Banking or Mobile Banking. Adopting this new digital facility will ease up the process and will reduce the confusion of the submission of the paper documents.
|Some Relevant Links|
|ICICI Bank Credit Card Customer Care Number||Click Here|
|Link Aadhaar With ICICI Bank Account||Click Here|
|ICICI Bank IFSC Code||Click Here|
The customers now no longer have to visit the bank branch and wait in the queue and submit the physical documents to open a PPF Account. They can now do it anytime, anywhere using the bank’s digital channels of Internet and Mobile Banking.
The bank said that it is a first lender in the Country to introduce a complete digital and paperless procedure for opening a PF Account. This facility is completely available online (24*7) and on all days. The customers have to log in to their Internet Banking or Mobile Banking for applying for a PPF Account.