kotak Mahindra Bank Chandigarh
Last Updated : Sept. 5, 2018, 4:53 p.m.
About Kotak Mahindra Bank
Kotak Mahindra is one of India’s leading banking and financial services group, offering a wide range of financial services that encompass every sphere of life. The bank is a part of Kotak Mahindra Finance Ltd. Group. The banking unit of the bank was established in the year 2003 and was named as Kotak Mahindra Bank. It was founded by Uday Kotak who received the Banker of the Year 2013-14 award at FE Best Banks Awards for his excellent management skills. The bank aims at delivering quality services. And therefore, has introduced a pack of services to benefit the customers. It offers multiple range of products to meet the diverse requirement like investment, loan and deposits. These services are provided to the customers through the chain of outlets and branches. The bank at present has a network of 1,336 branches and 2,044 ATMs spread throughout the country. It has even made the banking products available online so that the banking services doesn’t stay limited to brick and mortar branches. Now, the customer can access bank from anywhere and anytime. Also, Kotak Mahindra Bank fulfills it’s duty towards the nation by contributing to the development of the nation. It is fair in dealings and follows an ethical code of conduct.
Address of Kotak Mahindra Bank Branches in Chandigarh
The complete address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank located in Chandigarh are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Mani Majra - Nac | Kotak Mahindra Bank Ltd, Basement & Ground Floor, SCO No 826, Mani Majra Nac, Chandigarh, Mani Majra - 160101, Chandigarh, India | KKBK0000259 | 160485005 | (0172) 6628759 |
| Chandigarh - Sec 9 | S.C.O. 153 - 154 - 155, Sector 9 - C, Madhya Marg, Chandigarh - 160 017 | KKBK0000282 | 160485001 | (0172) 5008600 |
| Chandigarh Sector 35 B Branch | Kotak Mahindra Bank Ltd, Ground Floor, Sco - 335 - 336, Sector - 35 B Chandigarh 160035 | KKBK0000296 | 160485006 | 1800226022 |
| Madhya Marg | S.C.O. 153 -154 -155, Sector 9 - C, Madhya Marg, Chandigarh - 160017, Punjab | KKBK0000282 | NON- MICR | 18602662666 |
| Samrala | Khata No. 842/871, Khasra No. 53/57 (0-10), Samrala, Chandigarh - 141114, Chandigarh | KKBK0004088 | NON- MICR | 18602662666 |
| Sector 22 C | SCO 2477-78, Sector - 22 C, Sector 22 C, Chandigarh - 160022, Chandigarh | KKBK0000296 | NON- MICR | 18602662666 |
| Sec 27 D | SCO 2, Sec 27 D, Sector 27 D, Chandigarh - 160019, Chandigarh | KKBK0004201 | NON- MICR | 18602662666 |
| Sector 44 D | SCO No. 364, Sector 44 D, Chandigarh - 160047, Chandigarh | KKBK0004204 | NON- MICR | 18602662666 |
| Sector - 8 C | SCO 70-71, Ground Floor, Sector - 8C, Madhya Marg, Chandigarh (UT), Sector 8 C, Chandigarh - 160018, Chandigarh | KKBK0004202 | NON- MICR | 18602662666 |
| Sohana | Khasra No.678, Chandigarh Landran Road, Sohana, Chandigarh - 140308, Chandigarh | KKBK0004092 | NON- MICR | 18602662666 |
Products Offered by Kotak Mahindra Bank in Chandigarh
In Chandigarh, Kotak Mahindra bank provides a plethora of banking products and services according to the requirement of the customers. It provides all kinds of banking products that are required by the client to solve the financial problem. The wide range of products offered by the bank includes loans, insurances, investments and deposits. Under the category of loan, the bank provides multiple products and they are home loan, personal loan, car loan, loan against property, business loan and etc. It even takes care of investment needs of the individual and accepts the deposits. The customer can choose any of the product as per the need. The details of all the products proffered by the bank are given in the table below:
Kotak Mahindra Bank Products Details
| Product Name | Eligibility Criteria | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Individuals, either solely or jointly can apply for the home loan if they fall in the age bracket and earn a considerable income as per bank norm | Up to 90% of the property | 8.70% onwards | Nil | Up to 20 years |
| Personal Loan | All Indian residents who are employees of either MNCs, Public and Private limited companies with: - Minimum age 21 years and maximum 58 years - Minimum net salary of ₹ 25,000 - Graduation as minimum Education qualification - Minimum 1 year of stay in the current city - Having total work experience of 2 years | Minimum - ₹ 50,000 Maximum - ₹ 15,00,000 | 10.99% Onwards | Up to 2% of the loan amount + service tax | Up to 5 years |
| Car Loan | Eligible Segments- Partnership Firms and LLPs, Public & Private Ltd. companies, HUFs and Trusts Criteria for Salaried: Minimum age of the applicant should be 21 years Maximum age of the applicant at loan maturity should be 58 years The applicant must earn minimum income of ₹ 15,000 per month Must have minimum employment of 12 months Criteria for Self- Employed; Minimum age of the applicant should be 21 years Maximum age of the applicant at loan maturity should be 65 years Minimum employment in the current line of business should be at least 1 year | Minimum - ₹ 75,000 Maximum - Up to 90% of the car value | As per company’s norms | As per company’s norms | Maximum - 7 years |
| Loan Against Property | - All individuals either solely or jointly can apply for loan against property - Minimum annual income should be Rs. 1.44 lakh as per the P&L. - Minimum 21 years of age. - Maximum 65 years of age at the time of loan maturity. - Firm/company should have been in operation for the last 3 years. - Firm/company should be making cash profits for the last two years. | ₹ 10 lakhs to ₹ 3 crores | 10% p.a. | up to 1% of the loan amount | Maximum Up to 12 years |
| Business Loan | The borrower should be in the line of business for 3 years and the business should be profitable for last 2 years. The eligible segments are: - Self employed businessmen with an annual turnover of ₹ 2 crores - Manufacturers with an annual turnover of ₹ 1 crore - Service Providers with an annual turnover of ₹ 50 lacs | ₹ 3 lacs to ₹ 75 lacs | 16% p.a. - 19.99% p.a. | Up to 2% of the loan amount | 15 years |
| Gold Loan | - The applicant should be a resident Individual or Proprietor -The age of the applicant should be 18 years and above | Minimum - ₹ 25,000 Maximum - ₹ 25 lacs | 10.5% p.a. to 17% p.a. | 2% of the loan amount | Up to 3 years |
| Education Loan | - The student should be an Indian National - The student shall have secured the admission in India or abroad through an entrance test or through merit based selection process - The minimum age of the joint applicant should be 21 years but not more than 70 years | For studies in India - maximum ₹ 10 lacs Studies abroad - maximum ₹ 20 lacs | 11.5% p.a. - 24% p.a. | Up to 2% of the loan amount + service tax | |
| Fixed Deposit | An individual either solely or jointly A minor jointly with a major HUF Private Traders Professionals Partnerships Firms Companies Clubs Societies & Corporates | - | 2.50% - 4.90% | - | 7 days to 10 year |
Documents Required
The list of documents required to avail the benefit of the financial products are given below:
| Product Name | Documents |
|---|---|
| Home Loan | Proof of identity (photocopies of Voters ID card/ Passport/ Driving licence/ IT PAN card) Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID card) Proof of Income - Original Salary Certificate from employer, TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt., Acknowledged copies of three years I.T. returns/ Assessment Orders, Photocopies of challans evidencing payment of Advance Income Tax Proof of business address for non-salaried individuals Statement of Bank Account/ Pass Book for last six months Signature identification from present bankers Personal Assets and Liabilities statement |
| Personal Loan | Application Form 1 Latest Photograph Identity Proof - Passport/ PAN Card/ Voters ID card/ Driving License etc Residence Proof - Ration card/Driving License/Voters ID card/ Passport / Telephone Bill/ Electricity bill/Life Insurance policy Age Proof - Passport, PAN Card or Any Other Certificate from Statutory Authority Signature Proof Ownership Proof Income Proof - Salary slips for last 3 months, ITR/ Form 16 for last 3 years, Latest Income Tax Return Bank Account Statements |
| Car Loan | Duly filled Application form Photograph Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible) Income Proof: Latest salary slip with Form 16./ Income Tax Returns of 2 previous financial years Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card Signature Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License / Passport Salary Bank Statement/ Business Bank Statement P&L A / C and B / S for the last 2 years certified by CA by Non-Salaried |
| Loan Against Property | Application form Financial Statements/ Bank Statement Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card Age Proof - Passport, PAN Card or Any Other Certificate from Statutory Authority |
| Business Loan | Proof of Identity: Voter’s ID Card/ Passport/ Driving License/ PAN Card/ Signature identification from present bankers of proprietor, partner of director (if a company) Proof of residence: Recent telephone bills, electricity bill, property tax receipt /Passport/ Voter’s ID Card of Proprietor, partner of Director (if a company) I.T.R., 2 Years, Balance Sheet and Profit & Loss Account Proof of ownership of Residential or Commercial Property (including Parental Property) in select locations Latest 6 months Bank statement of Business |
| Gold Loan | For Kotak customers: Latest address proof (only if the address of the customer has changed) For non-Kotak customers: Identity Proof, Address Proof, Signature Proof (KYC Documents) and 3 passport size photographs |
| Education Loan | Application Form 2 photographs Proof of Identity - Passport/ PAN Card/ Voters ID card/ Driving License etc. Residence Proof - Passport/ Driving License/ Voter ID/ Ration Card/ Telephone Bill Signature verification from bank Income Details of Co- Applicant and Guarantor - Latest payslip or Form 16 or 2 years ITR Proof of Ownership Proof of Relationship Confirmed admission letter Letter from college Academic Pass out Mark sheet/Certificate |
| Fixed Deposit | Proof of Identity - Passport, Voter ID card, Driving license, PAN card, Government department ID card Proof of Residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement |