Aimed RBI's action on Kotak Bank frequently asked questions ANSWERED


Transfer money from Kotak Bank account to another bank?

    You can transfer money from your Kotak Bank account to another bank account through NEFT, RTGS, IMPS, or UPI. These options are available on the mobile banking app and internet banking portal.

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Maximum limit for fund transfer through NEFT, RTGS, and IMPS?

    The maximum limit for NEFT transactions with Kotak Bank is usually ₹10 lakhs per transaction. For RTGS, the limit is higher, typically starting from ₹2 lakhs. IMPS has a daily limit that varies based on your account type and Kotak Banks policies.

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How long does it take for a NEFT transfer to be processed?

    NEFT transfers are processed in batches throughout the day on weekdays (except bank holidays). Generally, NEFT transactions are settled within a few hours, although the exact time may vary depending on the recipient bank.

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Charges for using Kotak Bank debit cards at other bank ATMs?

    Kotak Bank may levy charges for using its debit cards at ATMs of other banks beyond a certain limit of free transactions. You can check the schedule of charges on Kotak Banks website or contact customer care for details.

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Check my account statement and transaction history?

    You can view your account statement and transaction history through Kotak Banks mobile banking app or internet banking portal. These platforms provide options to download or view statements for specific periods.

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Charges for using Kotak Bank's internet banking or mobile banking services?

    Kotak Bank generally does not charge for using its internet banking or mobile banking services. However, there may be data charges from your mobile network provider while accessing these services on your device.

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