Kotak Mahindra Bank Lucknow
Last Updated : March 29, 2017, 3:49 p.m.
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 Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Kotak Mahindra 5/27, Gomtinagar | 5/27, Vishal Khand, Gomtinagar, Lucknow - 226010 Uttar Pradesh | KKBK0000678 | 226485003 | 0522 4151900, 0522 4151925 |
| Kotak Mahindra Alambagh Lucknow | Upper Ground Floor Basant Tower Khasra #827 3 826 16 A 25 A Guru Nanak Nagar Alambagh, Lucknow - 226005 Uttar Pradesh | KKBK0005197 | NON-MICR | 1800-102-6022 |
| Kotak Mahindra Aliganj | Aliganj Branch- Lucknow- UP Ground Floor, 40, Chandralok, Aliganj, Lucknow-UP - 226020 Uttar Pradesh | KKBK0005190 | NON-MICR | 0522-4114710, 0522-4114702 |
| Kotak Mahindra Atrauli | Shop #5 6 Upper Ground Floor Khasra #57 Atrauli Post Mohanlalganj Uttar Pradesh - 226301 | KKBK0005198 | NON-MICR | 1800-102-6022 |
| Kotak Mahindra Gomtinagar Lucknow | 4 34 Vivek Khand Gomtinagar, Lucknow - 226002 Uttar Pradesh | KKBK0005196 | NON-MICR | 1800-102-6022 |
| Kotak Mahindra Indira Nagar | Upper Ground Floor SH #24, 26, 27, Lekhraj Khazana, Sector4 Indira Nagar, Lucknow - 226016 Uttar Pradesh | KKBK0005191 | NON-MICR | 0522 4934950 |
| Kotak Mahindra Lucknow Aminabad | Ground Floor #92 190 New #92 081 Gautam Budh Marg Aminabad Lucknow - 226018 Uttar Pradesh | KKBK0005194 | NON-MICR | 0522 - 2681114, 0522 - 2681113 |
| Kotak Mahindra Lucknow Ashiyana Colony | Ground Floor Plot No K 34 Ashiyana Colony Power House Chauraha, Lucknow - 226010 Uttar Pradesh | KKBK0005199 | NON-MICR | 1800-102-6022 |
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 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 |