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  2. Kotak Mahindra Bank - Wikipedia

    en.wikipedia.org/wiki/Kotak_Mahindra_Bank

    In March 2017, Kotak Mahindra Bank launched an online savings account called Kotak 811, [26] named after the date Prime Minister Narendra Modi had announced demonetisation in the previous year (8 November), which according to Uday Kotak was "the day that changed India." [27] [28] Kotak 811 helped the bank double its number of customers by ...

  3. Bank account - Wikipedia

    en.wikipedia.org/wiki/Bank_account

    The minimum age for opening a bank account is most commonly 18 years. However, in some countries, the minimum age to open a bank account can be 16 years, and accounts may be opened in the name of minors but operated by their parent or guardian. In general, it is unlawful to open an account in a false name.

  4. Flexi Fixed Deposits - Wikipedia

    en.wikipedia.org/wiki/Flexi_Fixed_Deposits

    Reverse sweep (sweep-out): In case of insufficient funds in a savings account to honour any debit instruction (e.g., when the customer wants to withdraw money through cheque or through an ATM), the balance in the FD to the extent needed to meet the shortfall is automatically withdrawn in multiples of ₹1000 (or any other amount set by the bank).

  5. Demat account - Wikipedia

    en.wikipedia.org/wiki/Demat_account

    A demat account is an Indian term for a dematerialized account that holds financial securities (equity or debt) digitally for traded shares in the share market. In India, demat accounts are maintained by two depository organizations: the National Securities Depository Limited and the Central Depository Services Limited .

  6. National Automated Clearing House - Wikipedia

    en.wikipedia.org/wiki/National_Automated...

    Kotak Mahindra Bank became the first bank to allow customers to choose both methods for authentication. [5] Since then, 38 banks allow customers to authenticate API based e-mandates as of September 2019. [6] API based E-mandate process is expected to make the process fast, frictionless and paperless. [7]

  7. File:Kotak Mahindra Group logo.svg - Wikipedia

    en.wikipedia.org/wiki/File:Kotak_Mahindra_Group...

    Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Help; Learn to edit; Community portal; Recent changes; Upload file

  8. Uday Kotak - Wikipedia

    en.wikipedia.org/wiki/Uday_Kotak

    Uday Suresh Kotak (born 15 March 1959) is an Indian billionaire banker and founder of Kotak Mahindra Bank, where he is a non-executive director. [2] He resigned from his CEO position in September 2023. [ 3 ]

  9. Kotak Life Insurance - Wikipedia

    en.wikipedia.org/wiki/Kotak_Life_Insurance

    The Kotak Mahindra Group was founded in 1985 as a provider of financial services. [8] [9] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. [10]