Kotak Mahindra Bank Limited (KMBL) has launched the Sankalp Savings Account, catering to rural and semi-urban customers’ cash-based banking needs. The account offers nil charges on cash deposits and withdrawals up to Rs 24 lakh annually, as well as flexibility in account balance maintenance. Additionally, it offers special interest rates on gold, two-wheeler, and tractor loans.
Kotak Mahindra Bank has launched the Sankalp Savings Account for emerging customers with incomes beyond agriculture and farming. The account provides banking services, complimentary talk time, and a Payshopmore debit card for rural and semi-urban customers. Opening is quick and convenient through Kotak’s website, mobile app, or branches. Puneet Kapoor, President And Head – Distribution, Retail Liabilities, Kotak Mahindra Bank, said, “Sankalp Savings Account provides convenient banking with attractive value-added services that have been specifically curated for this customer cohort.”
The Sankalp Savings Account offers unique customers a one-time benefit of Rs. 250, 100% and 50% waivers on processing fees for Gold Loan and Two-Wheeler & Tractor Loan, Payshopmore debit card with daily ATM withdrawal limit, personal accident death insurance up to Rs. 5 lakh, lost card liability up to Rs. 2,50,000, and access to daily special offers across dining, shopping, and travel.
