Kotak Mahindra Bank Lucknow - Main Branch, Rates 2024, IFSC Code

Kotak Mahindra Bank Lucknow

About Kotak Mahindra Bank

An Indian private sector bank that provides the benefit of multiple financial products and services to the customers is Kotak Mahindra Bank. This bank was the first bank in the Indian history that entered into banking domain from a financial company. Kotak Mahindra Finance Ltd. was established by Uday Kotak in the year 1985 and became an Indian financial services conglomerate. The company received the permission to conduct banking business from Reserve Bank of India. After coming into the banking line, the bank has considered the requirement of people and introduced the banking products that can best serve the purpose. The bank has always tried to enhance the banking experience of the customer and therefore, render user-friendly services. It has strengthened its network so that the customer can easily reach the bank. It also provides the services online to save the time and efforts of the customers. It has a network of 1,348 branches across 675 locations and 2,051 ATMs in the country.
The bank has a considerable number of branches in Lucknow and helps the people in wealth management. It takes care of its customers and gives accurate service. It was the third largest private bank in India by market capitalization in 2016 and still holds a high position in the Indian Banking Industry.

Address of Kotak Mahindra Bank Branches in Lucknow

The complete address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank located in Lucknow are mentioned in the table below:

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Kotak Mahindra 5/27, Gomtinagar5/27, Vishal Khand, Gomtinagar, Lucknow - 226010
Uttar Pradesh
KKBK00006782264850030522 4151900, 0522 4151925
Kotak Mahindra Alambagh LucknowUpper Ground Floor Basant Tower Khasra #827 3 826 16 A 25 A Guru Nanak Nagar Alambagh, Lucknow - 226005 Uttar PradeshKKBK0005197NON-MICR
Kotak Mahindra AliganjAliganj Branch- Lucknow- UP Ground Floor, 40, Chandralok, Aliganj, Lucknow-UP - 226020
Uttar Pradesh
0522-4114710, 0522-4114702
Kotak Mahindra AtrauliShop #5 6 Upper Ground Floor Khasra #57 Atrauli Post Mohanlalganj Uttar Pradesh - 226301KKBK0005198NON-MICR
Kotak Mahindra Gomtinagar Lucknow4 34 Vivek Khand Gomtinagar, Lucknow - 226002
Uttar Pradesh
Kotak Mahindra Indira NagarUpper Ground Floor SH #24, 26, 27, Lekhraj Khazana, Sector4 Indira Nagar, Lucknow - 226016
Uttar Pradesh
0522 4934950
Kotak Mahindra Lucknow Aminabad Ground Floor #92 190 New #92 081 Gautam Budh Marg Aminabad Lucknow - 226018 Uttar PradeshKKBK0005194NON-MICR
0522 - 2681114, 0522 - 2681113
Kotak Mahindra Lucknow Ashiyana ColonyGround Floor Plot No K 34 Ashiyana Colony Power House Chauraha, Lucknow - 226010
Uttar Pradesh

Products Offered by Kotak Mahindra Bank in Lucknow

To benefit the people of Lucknow, Kotak Mahindra Bank deliver multiple products. These include home loan, car loan, loan against property, business loan, gold loan, education loan and fixed deposits. The information regarding all the products is given below.
Kotak Mahindra Bank Products Details

Product NameEligibility CriteriaAmount Interest RateProcessing FeeTenure
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 property8.70% onwards
Nil Up to 20 years
Car LoanEligible 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 normsAs 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 crores10% p.a. up to 1% of the loan amountMaximum Up to 12 years
Business LoanThe 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 lacs16% p.a. - 19.99% p.a.Up to 2% of the loan amount15 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 amountUp 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 DepositAn individual either solely or jointly
A minor jointly with a major
Private Traders
Partnerships Firms
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 NameDocuments
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 LoanDuly filled Application form
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 PropertyApplication 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 LoanProof 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 LoanFor 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 DepositProof 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

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%