Kotak Net Banking
Kotak Mahindra Bank is a prominent bank in India, offering Net Banking or Internet Banking services to its retail as well as corporate customers. According to deasilex, it is regarded as one of the best mobile banking apps in 2021. Kotak Mahindra account holders can access various services such as fund transfers, bill payments, applying for new debit/credit cards, opening new FD/RD accounts, and booking tickets, among others, without incurring any additional charges or fees, as long as they have an internet connection and their mobile number is registered with Kotak Mahindra Bank. Customers can conveniently conduct financial transactions from the comfort of their homes or offices once they have registered for Kotak Bank Internet Banking facility.
Advantages of Kotak Net Banking:
With Kotak Mahindra Net Banking, you can enjoy a convenient way to bank from the comfort of your home or office. Explore a one-stop solution for all your banking needs 24×7 with Kotak Net Banking services.
Internet Banking provides numerous benefits, including:
- View your account balance, account activity, account details, uncleared fund details, cheque status, and current exchange rates.
- Transfer funds between your accounts or third-party accounts maintained with Kotak Mahindra Bank, or with any other bank participating in RBI NEFT/RTGS/IMPS schemes.
- Open a Term/Recurring deposit and check the Term/Recurring Deposit rates over various tenures and amounts.
- Set up standing instructions online to transfer funds between your own accounts, third-party accounts, or through Banker’s Cheques.
- e-File tax.
- Request a cheque book and stop cheques request.
- Download account statements for the financial or civil year, for a month, or a specific period.
- Enquire about the TDS information on your deposits for the current and previous fiscal years.
- Register and view your Kotak life insurance policy.
- Register and apply for the National Pension System (NPS).
- Pay all your utility and credit card bills and recharge prepaid mobile/DTH through Kotak BillPay.
By utilizing Kotak Net Banking, customers can efficiently manage their finances and conduct transactions seamlessly, thereby enjoying greater convenience and control over their banking activities.
What are the Services of Kotak Net Banking?
Accessing Kotak Net Banking provides you with the convenience of managing your accounts anytime, anywhere, 24/7, from the comfort of your own space.online, such as viewing statements, requesting cheque books, initiating fund transfers, ordering Demand Drafts (DDs), making bill payments, and even engaging in online shopping.
Here are the services offered through Kotak Net Banking:
- Transfer Funds: Transfer funds online between your third-party accounts with Kotak Mahindra Bank or any other bank via NEFT, RTGS, or IMPS.
- Deposit Management: Book a Fixed/Recurring Deposit and perform premature withdrawal online.
- Profile Management: Instantly access and revise your profile information, including email ID, PAN Card details, Aadhaar Number, FATCA Declaration, and more, through online platforms.
- Account Management: View account balance, account activity, and check cheque status.
- Bill Payments: Pay your utility bills, credit card bills, and recharge prepaid mobile/DTH using Kotak BillPay.
- Mobile and DTH Recharge: Recharge prepaid mobile and DTH accounts.
- Travel Booking: Book air tickets, bus tickets, and hotel bookings online.
- Transaction Requests: Place requests for a cheque book, Payment Gateway registration, and many other transaction services.
- Card Management: Re-generate credit card PIN, Activate/Deactivate credit card, Activate/Deactivate credit card for International Usage, Link Accounts, Apply for a new credit card, Upgrade credit card, Apply for Image credit card, Apply For Priority Pass, Apply for Card Protection Plan.
- Statement Download: Download digitally signed statements through the Statement tab.
- Demat Account Services: View securities available for Demat Accounts.
- Secure Online Shopping: Enjoy safe online shopping with Kotak Netc@rd at over 8500 websites.
- Mutual Fund Services: Invest/Redeem in mutual funds online and view current Mutual Fund portfolios.
- Insurance Services: View Kotak life insurance policy, switch funds, pay premium online, and apply online for a new Kotak life insurance policy.
To use Kotak Online Banking services, you need:
A computer with an internet connection.
- For Windows Operating Software (O/S) Users: Internet Explorer 8.0 and above (recommended for full compatibility with the system).
- Screen resolution: 1024 x 768 (800x 600 resolution users may still view all content but may need to use vertical and horizontal scroll bars).
To log in to Kotak Net Banking:
- Visit the Kotak Net Banking login page at https://www.kotak.com/en.html.
- Enter your User ID or CRN and Net Banking Password.
- Click on ‘Secure Login’.
- Enter the One Time Password (OTP) sent to your registered mobile number and email ID.
- Upon successful authentication, you’ll have access to your Net Banking homepage and can commence your banking activities.
To register for Kotak NetBanking, follow these steps:
If you have a login ID/user ID but are using Internet Banking for the first time:
- Click on the “First Time User” option.
- Make sure you have your Customer ID, account number, registered mobile number, and your debit card with you.
- Enter the Customer ID, account number, and registered mobile number, then click ‘Proceed’.
- Enter the 16-digit debit card number, the ATM Pin, and the expiry date.
- In the card currency, select Indian rupee > INR option.
- Accept the terms and conditions and click ‘Proceed’.
- Choose a login password following the guidelines and re-enter it to verify.
- You will receive an OTP on the registered mobile number.
- Enter the received OTP code and click ‘Submit’.
- The registration process is complete, and you can now log in using the login ID and password.
To register for Kotak NetBanking through Phone Banking:
- Call the Kotak customer care Phone Banking number in your city at 18602662666.
- Provide your Customer ID and Telephone number (TIN) or debit card and PIN to the customer care executive.
- The executive will take your NetBanking registration request.
- The Bank will courier the IPIN (Internet PIN) to your address within 5 working days.
To register for Kotak NetBanking at a bank branch:
- Visit the nearest Kotak bank branch and request a NetBanking registration form (individual or corporate).
- Fill out the form with the required details and submit it to the Kotak Bank branch official.
- The Bank will courier the IPIN (Internet PIN) to your registered address.
To reset/change your Kotak NetBanking password (IPIN):
You can instantly reset your Kotak NetBanking password (IPIN) by following these steps:
- Open the official website of Kotak Bank or the app.
- Enter your Customer ID.
Select one of the two methods for authenticating the transaction:
- OTP on registered mobile number and debit card details.
- OTP sent to your mobile number and email ID which is registered.
- Enter the requested details.
- Set your new password/IPIN.
- Log in to Kotak NetBanking using your Customer ID and the newly set IPIN.
To check your Kotak account balance using NetBanking:
- Log in to your Kotak NetBanking account.
- Click on the ‘Accounts Summary’ option under the ‘Accounts’ tab.
- A list of all your accounts will be displayed on the screen.
- Select the account for which you want to check the balance.
- The account balance and other details will be displayed.
To change/update your address through Kotak NetBanking:
- Open the official website or app of Kotak Bank and log in to NetBanking.
- Click on ‘Update Contact Details’ from the top menu, then select ‘Update Address’.
- Choose an acceptable address proof document from the list provided.
- Scan a self-attested copy of the document for uploading online.
- Click on Continue.
- Upload the address proof document and submit.
- Your new address will be updated within 7 working days post verification.
Channels through which NEFT Fund Transfer can be initiated in Kotak:
- Kotak Internet Banking
- Kotak Mobile Banking
- Kotak Branch
- Kotak Enet (Net banking facility for Corporates)
Transaction steps for NEFT through Kotak NetBanking/MobileBanking:
- Add a beneficiary for NEFT by registering them through the Kotak NetBanking interface.
- Once the beneficiary is added, proceed to make the NEFT funds transfer.
- Select the Fund Transfer tab and choose ‘Transfer to other bank (NEFT)’.
- Select the account, beneficiary, and enter the relevant details.
- Accept the Terms and Conditions.
- Review the details and complete the transaction process.
Note:
- Beneficiaries will be activated after 30 minutes (for security reasons). They can be viewed in the “View Beneficiary” option of the Enquire Section.
- Upon activation of a beneficiary, up to Rs. 50,000 (in full or parts) can be transferred within the first 24 hours.
- An additional beneficiary, to whom no funds have been transferred for more than 24 months, will be treated as a new beneficiary in all respects.
- A maximum of seven beneficiaries can be added/modified/deleted within a period of 24 hours.
What information is required to perform an NEFT transaction?
For an NEFT remittance, the remitter needs to provide the following information:
- Amount to be remitted
- Remitting customer’s account number to be debited
- Name of the beneficiary bank
- Name of the beneficiary
- Account number of the beneficiary
- Sender to receiver information, if any
- IFSC code of the destination bank branch
How to make credit card payments through NEFT?
Credit card payments can be easily completed through Kotak Bank’s NEFT service via NetBanking.
Few key points to note:
- NetBanking and Third Party Funds Transfer facilities must be enabled (If not, visit your nearest Kotak Bank branch and fill out the form).
- The credit card issuing bank must be enabled to receive payments via NEFT.
- Obtain the IFSC code from the credit card issuing bank (without the correct IFSC, the transaction will be rejected).
Steps to make your credit card payment:
- Go to the Fund Transfer tab and click on Transfer to other bank.
- Select the account, beneficiary, and enter the relevant details.
- Accept the Terms and Conditions.
- Review the details, and if everything is correct, proceed to complete the transaction.
Some Important Questions about Kotak Net Banking
What is a Kotak Bank Customer ID?
A Customer ID is a 9-digit number that uniquely identifies your relationship with Kotak Bank. Typically, your customer ID serves as your login ID for online Banking. It’s essential to mention this ID in all your communications with Kotak Bank.
What do I do if I’ve forgotten my Kotak Internet Banking password?
If you’ve forgotten your password, you can generate a new one online. You’ll need your 16-digit ATM/debit card number and ATM PIN. If you don’t have a debit card, please request one from the call center or your nearest branch. To generate your password online, visit the designated portal.
What is the daily transaction limit in Kotak Net Banking?
The default daily transaction limit is Rs. 5 Lakh. There’s no maximum limit for Funds Transfer. You can enhance your daily limit up to 50 lakhs through Internet Banking. If you need to increase the limit beyond Rs. 50 lakhs, you can request it, and it will be processed on a case-by-case basis.
What types of fund transfers can I do through Kotak Netbanking?
You can perform the following types of Fund Transfers:
- Transfer between your own accounts
- Transfer to another Kotak Bank account
- Transfer to Other Bank’s Account (NEFT/RTGS/IMPS)
- Visa Card Payment
- Instant Money Transfer
Who is eligible for Kotak Internet Banking?
Kotak Internet Banking service is available to all individual Savings, Current account, only credit card, and only loan customers, including domestic and NRI customers. In all cases, the customer should have full authority to operate the account.
How can I obtain my Kotak Net Banking Login ID?
You can obtain your Login ID by:
- Sending an SMS “CUSTID” to 5676782 from your registered mobile number to receive AxiLogin/Customer ID.
- NRI customers can also obtain their customer ID by sending an SMS “CUSTID” to +919717000002.
- Your login ID is the same as the Customer ID mentioned on your welcome letter and in the cheque book sent to you after your account opening.
What should I keep in mind while creating Kotak Netbanking Password?
When setting your password, remember the following points:
- The password cannot contain all the characters from your Username. For example, if your Username is “Bob”, your password can’t be “Bobby”.
- Passwords should contain both digits and letters, as well as special characters.
- Certain special characters are not allowed in the password.
- Spaces are not allowed within the password.
- The password must be between 8 and 28 characters long.
- Your new password cannot be the same as any of your previous three passwords.
How do I register for Kotak NetBanking Online?
If you have a debit card, you can immediately log in to online Banking using the card credentials without any additional registration process.