Kotak’s Sankalp Savings Account Solves Cash-based Banking Needs ofRural and Semi-urban customers
Mumbai, August, 2023.
Addressing the cash-based banking needs of rural and semi-urban customers, Kotak Mahindra Bank Limited (“KMBL”/”Kotak”) announces the launch of Sankalp Savings Account that offers a host of services such as nil charges on cash deposit and withdrawal up to Rs 24 lakh annually and flexibility in account balance maintenance. In addition, Sankalp also provides special interest rates on gold, two-wheeler and tractor loans for customers in these markets.
Sankalp Savings Account has been launched with the objective to serve an emerging customers group with incomes beyond agriculture and farming.In addition to banking services, the new savings account also offers complimentary talk time and Payshop more debit card for evolving banking needs of rural and semi-urban custo...
