Kotak Mahindra Bank Pune
Last Updated : March 29, 2017, 3:49 p.m.
About Kotak Mahindra Bank
Kotak Mahindra group is a financial organisation established in 1985 in India. It was previously known as the Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, the group’s flagship company was given the license to conduct banking business by the Reserve Bank of India. The bank is headed by K.M. Gherda. He is the chairman of the company. Uday Kotak is the Vice Chairman and Managing Director of the company. He was recognised as Businessman of the Year 2016 by Business India. This bank is an institution that has been fulfilling the banking requirements of its customers. It is a nationalised bank that has branches across the country. The registered head office of the bank is at Nariman Bhavan, Nariman Point, Mumbai. It has a total number of 1,348 branches spread throughout the length and breadth of the country. It provides the facility of money withdrawal through ATMs and has opened ATM at multiple locations. Across the country, it has 2,051 ATM centres.
The bank provides customer-centric services and believes in the national values. It works according to the law of the land and follows an ethical code of conduct.
Address of Kotak Mahindra Bank Branches in Pune
The complete address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank located in Pune are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Kotak Mahindra Baramati | Bhigwan Road, Taluka Baramati, Pune - 413102 Maharashtra | KKBK0001760 | NON-MICR | 02112 229246 |
| Kotak Mahindra Bhandarkar Road Pune | Bakre Avenue, F. P. #226/3, Bhandarkar Road Pune - 411004 Maharashtra | KKBK0000721 | 411485003 | 020 65601217, 020 65601216, 020 26333696 |
| Kotak Mahindra Bhosari | Ground Floor Madur Engineers PVT Limited Plot #71 1 A 2 Gen Block Telco Road Midc Bhosari Pune - 411026 Maharashtra | KKBK0001774 | NON-MICR | 1800-102-6022 |
| Kotak Mahindra Chakan | Shubhmangal Plaza, Talegaon Chowk, Pune-nashik Highway - 410501 Chakan , Maharashtra | KKBK0000728 | 411485008 | 02135 645042, 02135 645043, 02135 645045, 02135 645085 |
| Kotak Mahindra Chinchwad Pune | Shop #9 To 13 Ground Floor Empire Estate CTS #4510 1 BombayRoad Chinchwad, Pune - 411019 Maharashtra | KKBK0001768 | NON-MICR | 1800-102-6022 |
| Kotak Mahindra East Street, Pune | M-4, Virwani Plaza, 11, East Street, PuneMaharashtra | KKBK0000723 | 411485002 | 020 66094041, 020 66094042, 020 66094043, 020 66094058 |
Products Offered by Kotak Mahindra Bank in Pune
Kotak Mahindra Bank provides a wide array of banking products and services under the section of loans and deposits to help the customers overcome their financial grievances. Through it’s nationalized presence it caters the needs of all citizens of the country. In Pune, the bank provides a range of products that includes home loan, personal loan, car loan, loan against property, business loan, gold loan, education loan, fixed deposits and assists people in prudent wealth management. The details of the products are as follows:
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 |