Top Banks 2024
Kotak Mahindra Bank Indore
Last Updated : March 21, 2017, 5:39 p.m.
About Kotak Mahindra Bank
In matters related to money, it is difficult to trust anyone. This is the reason why people become selective while deciding a banking institution. People entrust only those banks that have established a great reputation in the financial industry and provide standard services. The Kotak Mahindra Bank is one such bank that has build its reputation in the Indian Banking and Financial industry. It is the first Indian Bank that converted from a Financial Company to a banking institution. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking licence from the Reserve Bank of India (RBI). It was established by Uday Kotak who was recognised as the Banker of the Year 2013-14 at FE Best Banks Awards. It is a private sector bank headquartered at Mumbai. The bank has a Pan India presence and has a considerable number of branches. At present, the bank has a total number of 1,336 branches. The bank has several ATMs around the corner. The ATM outlets of the counts up to 2,044. The bank rolls out it services through online portal as well. So, it becomes convenient for the customer to access banking facility anytime and from anywhere.
Address of Kotak Mahindra Bank Branches in Indore
The complete address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank located in Indore are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Annapurna Road | 3-B, Bhawanipur Colony, Annapurna Road, Indore. Pin code - 452 009, Indore - 452009, Madhya Pradesh | KKBK0005941 | NON-MICR | 18602662666 |
| Indore | 7/1, K.K. Bapna Arceda, Dr. Roshan Singh Bhandari Marg, Savrkar Circle, Narayan Kothi, Indore, Indore - 452001, Madhya Pradesh | KKBK0005933 | NON-MICR | 18602662666 |
| Indore - Cloth Market | 85 - Rang Mahal, Sir Seth Hukum Chand Marg, Cloth Market, Itwariya Bazar, Indore - Cloth Market, Indore - 452002, Madhya Pradesh | KKBK0005942 | NON-MICR | 0731-2452492 |
| Jawahar Marg | No. 82, Jawahar Marg, Plot No.628, Scheme No.3, Traffic Route No.2, Indore-452007 (Madhya Pradesh), Jawahar Marg, Indore, Indore - 452007, Madhya Pradesh | KKBK0005937 | NON-MICR | 18602662666 |
| M.G. Road | 580, M.G.Road, Indore, Indore - 452001, Madhya Pradesh | KKBK0000751 | 452485002 | (0731) 4297500, (0731) 4297504 |
| Palda | The Finance Hub, Mundla Nayata, Nemwar Road, Palda, Indore - 452020, Madhya Pradesh | KKBK0005932 | NON-MICR | 8818888502 |
| Sapna Sangeeta | 914/Scheme No.44, Khatiwala Tank, Sapna Sangeeta, Indore, Madhya Pradesh - 452001, Indore - 452001, Madhya Pradesh | --- | NON-MICR | 18602662666 |
| Vijay Nagar | Metro Tower, Near Vijay Nagar Square, A B Road, Indore - 452010, Madhya Pradesh | KKBK0005915 | NON-MICR | 0731-4704001 |
Products Offered by Kotak Mahindra Bank in Indore
In Indore, Kotak Mahindra bank provides a wide range of products and services. The details of each product along with the eligibility criteria and documents required is mentioned 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 |
| 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 |
| 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 |