Jan 02, 2017 06:09 PM
6317 Views
I want to share what I observed about this bank that, kotak mahidra bank is not good for low salaried person who is earning 15000 or 20000 money, it is good that they giving us 6% interest p.a. but you have to carry also 10000 average balance at the end of every month but most of person need money for survive but if they withdraw money from the bank and their balance become less then 10000 then they will deduct some money as penalty and show you in your pass book that it is maintenance charge. I saw account statement of one of my friend he was working in a saloon and his monthly salary 18000 he opened his account in kotak mahindra at zero balance he deposited money 20000 then after 1 year he show me his account statement and told me I don't know how the balance is deducted I told him that complaint to the bank.
he complained to bank but they just ignored when I went to the bank with him and went to the manager directly then he told me that it is maintenance charge and all about bank procedure then I told to my friend that withdraw your remain balance from the account and closed you bank account he got 6% interest but he has paid more than he got interest as penalty til yet.
so thing it some difficult to maintain this account for middle class person.
