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A savings account is an interest-earning bank account designed to help you store and grow your money. It’s great for short-term goals, emergency funds or savings you might need to access quickly.
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 ...
A savings account allows you to hold your money, whether for an emergency fund, a short-term goal or a long-term, big-ticket item like your child’s education, your wedding or a down payment on a ...
Offering higher interest rates that can pay out more than 10 times the 0.45% national average of a traditional savings account, a high-interest savings account can help you grow your money faster ...
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, ...
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]
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