Kotak Net Banking in 2021 offers a seamless banking experience. Learn how to register, start, and use Kotak Net Banking with Netbanking360’s assistance, all in one place.
Kotak Net Banking
Kotak Mahindra Bank is a well-known bank in India that offers Net Banking / Internet Banking services to both its retail and corporate customers. Kotak Bank’s mobile banking app was recognized as one of the best in 2021. With Kotak Mahindra Net Banking, account holders can access a range of services such as fund transfers, bill payments, applying for new debit/credit cards, opening FD/RD accounts, booking tickets, and more, without incurring additional charges as long as they have an internet connection and their mobile number is registered with the bank. Customers can conveniently conduct financial transactions from the comfort of their homes or offices once they have registered for Kotak Bank Internet Banking.
What are the benefits of using Kotak Net Banking?
Kotak Mahindra Net Banking offers a convenient way to bank from anywhere, anytime. It serves as a one-stop solution for all banking needs, available 24×7. Here are some of the advantages of using Kotak Net Banking:
- View account balance, activity, details, uncleared fund details, cheque status, and current exchange rates.
- Transfer funds between accounts or to third-party accounts held with Kotak Mahindra Bank or any other bank participating in RBI NEFT / RTGS / IMPS schemes.
- Open Term / Recurring deposit accounts, check rates, and set up standing instructions for fund transfers.
e-File taxes
- Request cheque books and stop cheque payments.
- Download account statements for financial or civil years, months, or specific periods.
- Inquire about TDS information on deposits for the current and previous fiscal years.
- Register and view Kotak life insurance policies.
- Sign up and submit an application for the National Pension System (NPS).
- Pay utility bills, credit card bills, and recharge prepaid mobiles/DTH through Kotak BillPay.
Kotak Net Banking provides a secure and efficient platform for managing various banking activities online, enhancing convenience for customers.
Services Accessible Through Kotak Net Banking:
Kotak Net Banking provides convenient access to your accounts round-the-clock, empowering you to manage your transactions seamlessly. Here are the services available for your enjoyment:
- Fund Transfers: Transfer funds online between your accounts with Kotak Mahindra Bank, or to any other bank account via NEFT, RTGS, or IMPS.
- Deposits Management: Book Fixed or Recurring Deposits and process premature withdrawals online.
- Profile Management: View and update your profile details such as email ID, PAN Card, Aadhaar Number, FATCA Declaration, etc., instantly online.
- Account Monitoring: View account balance, account activity, and check cheque status effortlessly.
- Bill Payments and Recharges: Pay utility bills, credit card bills, and recharge prepaid mobile/DTH accounts conveniently using Kotak BillPay.
- Travel and Accommodation Booking: Book air tickets, bus tickets, and hotel accommodations online.
- Transaction Requests: Place requests for cheque books, Payment Gateway registration, and various other transactional services.
- Card Management: Regenerate debit card PINs, Activate/Deactivate debit cards, Activate/Deactivate debit cards for international usage, and link accounts seamlessly. Additionally, apply for new debit cards, upgrade existing ones, apply for Image debit cards, apply for Priority Pass, and enroll in Card Protection Plans.
- Statement Access: You can access digitally signed statements by downloading them from the Statement tab..
- Demat Account Services: View securities available for Demat Accounts.
- Secure Online Shopping: Conduct safe online transactions with Kotak Netc@rd at over 8500 websites.
- Mutual Funds and Investments: Invest in or redeem mutual funds online, and review your current Mutual Fund portfolio.
- IPO/FPO/Rights Issue Applications: Apply for IPO/FPO/Rights Issue without paperwork using the ASBA facility from the comfort of your home or office.
- Insurance Services: View Kotak life insurance policy details, switch funds, pay premiums online, and apply for new Kotak life insurance policies seamlessly online.
What do you need to use Kotak Online Banking service?
A computer with an internet connection.
For Windows operating system users: It is recommended to use Internet Explorer 8.0 or above for full compatibility.
Screen resolution: 1024 x 768 (800×600 resolution users can still access content but may need to use vertical and horizontal scroll bars).
How to Login to Kotak Net Banking?
Step 1: Visit the Kotak Net Banking login page at https://www.kotak.com/en.html.
Step 2: Enter your User ID or CRN and the Net Banking Password you received.
Step 3: After entering the Password, click on ‘Secure Login’.
Step 4: You will be prompted to enter a One-Time Password (OTP) on the next page.
Step 5: The OTP is auto-generated and sent to your preferred mobile number and email ID.
Step 6: Upon successful authentication, you will gain access to your Net Banking homepage and can commence banking transactions.
How to register for Kotak Net Banking?
If you have a login ID or user ID but are accessing Internet Banking for the first time:
- Click on the “First Time User” option.
- Ensure you have your Customer ID, account number, registered mobile number, and your debit card handy.
- Enter the Customer ID, account number, and registered mobile number, then click ‘Proceed’.
- Please Enter your 16 digit debit card No., expiry date and ATM Pin.
- Select Indian Rupee (INR) as the card currency.
- Please agree to the terms and conditions and then click ‘Proceed’.
- Choose a login password following the specified rules and re-enter to verify.
- You’ll receive a OTP on your registered mobile number.
- Enter the OTP code received and click ‘Submit’.
- Your registration is now finalized, allowing you to access the system using your designated login ID and password.
How to Register for Kotak Net Banking via Phone Banking:
- Dial the Kotak customer care Phone Banking number in your city: 18602662666.
- Provide your Customer ID and Telephone number (TIN) or debit card and PIN.
- The customer care executive will process your Net Banking registration request.
- The Bank will dispatch the IPIN (Internet Personal Identification Number) to your address within 5 working days.
How to Register for Kotak Net Banking at a Bank Branch?
- Visit the nearest Kotak bank branch and request a Net Banking registration form (individual or corporate).
- Fill out the form and submit it to the Kotak Bank branch official.
- The Bank will dispatch the IPIN to your registered address.
How to Reset/Change Kotak Net Banking Password (IPIN)?
You can instantly reset your Kotak Net Banking password (IPIN) by following these steps:
- Please open the official website or app of Kotak Bank.
- Enter your Customer ID.
- Choose one of the two methods for authenticating the transaction:
- OTP sent to your registered mobile number along with your debit card details, including the PIN and expiry date.
- An OTP has been sent to your registered mobile number and email ID.
- Enter the requested details.
- Set your new password/IPIN.
- Log in to Kotak Net Banking using your Customer ID and the newly set IPIN.
Check Kotak Account Balance using Net Banking
- Please log in to your Kotak Net Banking account.
- Click on the ‘Accounts’ tab and select ‘Accounts Summary’.
- A list of all your accounts will be shown.
- Choose the account for which you want to check the balance.
- The account balance and other details will be displayed on the screen.
How to change/update address through Kotak Net Banking?
- Go to the official website or app of Kotak Bank and log in using your customer ID and IPIN.
- Click on the ‘Update Contact Details’ option from the main menu, then select ‘Update Address’.
- You’ll see a list of acceptable address proof documents.
- Choose one from the list and scan a self-attested copy of the document for online upload.
- Click on ‘Continue’.
- You’ll be directed to a page where you can add and upload the address proof document.
- Verify the details entered, upload the address proof document, and click ‘Submit’.
- Your new address will be updated within 7 working days after document verification.
Channels for Initiating NEFT Fund Transfer in Kotak:
- Kotak Internet Banking: Transfer funds to your chosen beneficiary using your desktop or laptop.
- Kotak Mobile Banking: Send money via your Kotak Mobile Banking app.
- Kotak Branch: Visit your nearest Kotak Bank Branch and fill out the NEFT form for a transaction.
- Kotak Enet: Net banking facility designed for Corporates.
Transaction Steps for NEFT through Kotak Net Banking/MobileBanking:
To initiate an NEFT transaction through Kotak Net Banking/MobileBanking, you’ll first need to add a beneficiary. Here’s how the process unfolds:
Adding a Beneficiary for NEFT:
For Kotak Bank Beneficiary:
- Navigate to the PAYMENTS section and click on “Transfer Funds.”
- Select “Other Kotak Bank Account.”
- Choose “Register New Beneficiary.”
- Enter the Beneficiary’s Nick Name and either the Account Number or Mobile Number. Click “Get Account Details” to verify the beneficiary’s name.
- Complete the registration by entering the Netsecure code.
- Your beneficiary is now successfully registered.
For Other Bank Beneficiary:
- Navigate to the PAYMENTS section and choose “Transfer Funds.”
- Opt for “Other Bank Account.”
- Click on “Register New Beneficiary.”
- Input the Beneficiary’s Nick Name and Account Number. Verify the beneficiary’s name.
- Finalize the registration by entering the Netsecure code.
- Your beneficiary is now added.
Steps to Conduct NEFT Funds Transfer:
- Visit the Fund Transfer tab and choose ‘Transfer to other bank (NEFT).’
- Select the relevant account and beneficiary, then input the required details.
- Accept the Terms and Conditions.
- Review the transaction details. If accurate, proceed to complete the process.
Important Notes:
- Beneficiaries will be activated after 30 minutes for security purposes and can be viewed under the “View Beneficiary” option in the Enquire Section.
- Within the first 24 hours of activation, a maximum of Rs. 50,000 can be transferred.
- A beneficiary with no transaction history for over 24 months will be treated as a new beneficiary.
- Up to seven beneficiaries can be added, modified, or deleted within a 24-hour period.
Information Required for NEFT Transaction:
To initiate an NEFT remittance, the remitter needs to provide the following details:
- Amount to be remitted
- Remitting customer’s account number to be debited
- Name of the beneficiary bank
- Name of the beneficiary
- Account number of the beneficiary
- Sender to receiver information, if applicable
- IFSC code of the destination bank branch
How to Make Credit Card Payments via NEFT?
You can conveniently make credit card payments through Kotak Bank’s NEFT service using Net Banking. Here’s what you need to know:
- Ensure that your Net Banking and Third Party Funds Transfer facilities are enabled. If not, visit your nearest Kotak Bank branch to fill out the required form.
- The credit card issuing bank must be set up to receive payments through NEFT.
- Obtain the correct IFSC from the credit card issuing bank, as transactions without the correct IFSC will be rejected.
Steps to Make Credit Card Payments:
Step 1: First, go to the Fund Transfer tab and choose the option to Transfer to another bank.
Step 2: Choose the account, beneficiary, and enter the relevant payment details.
Step 3: Accept the Terms and Conditions.
Step 4: Review the details, and if everything is accurate, proceed to complete the transaction
Understanding Kotak Bank Customer ID:
A Customer ID is a unique 9-digit number that identifies your relationship with Kotak Bank. Typically, your customer ID serves as your login ID for Net Banking. Ensure to mention this ID in all your communications with Kotak Bank.
Forgot Kotak Internet Banking Password?
If you’ve forgotten your Kotak Internet Banking password, you can generate it online. You’ll need your 16-digit ATM/debit card number and ATM PIN. Alternatively, if you don’t have a debit card, request a PIN at the call center or your nearest branch. Follow the online process to generate your password.
Daily Transaction Limit in Kotak Internet Banking:
By default, the daily transaction limit is Rs. 5 lakh. There’s no maximum limit for Funds Transfer. You can increase your daily limit up to 50 lakhs through Net Banking. For limits beyond Rs. 50 lakhs, make a request which will be processed on a case-by-case basis.
Types of Fund Transfers Available in Kotak Net banking:
You have the ability to conduct various forms of fund transfers:
- Fund Transfer between your own accounts
- Fund Transfer to another Kotak Bank account
- Fund Transfer to Other Bank’s Account (NEFT/RTGS/IMPS)
- Visa Card Payment
- Instant Money Transfer
Who is eligible for Kotak Internet Banking?
Kotak Internet Banking service is available to all individual Savings and Current account holders, as well as credit card and loan customers. This includes both domestic and NRI customers. In all cases, customers must have full authority to operate the account.
How to obtain Kotak Bank Internet Banking Login ID?
You can obtain your AxiLogin/Customer ID by sending an SMS with “CUSTID” to 5676782 from your registered mobile number. NRI customers can also get their Customer ID by sending the same SMS to +919717000002. Your login ID is the same as the Customer ID mentioned in your welcome letter and on your cheque book sent to you after opening your account.
What should be considered while creating Kotak Net banking Password?
Here are the key points to remember when setting your passwords:
- The password cannot contain all the characters present in your Username. For example, if your Username is “Bob”, then your password cannot be “Bobby”.
- Passwords should include both digits and letters, as well as special characters.
- Special characters like parentheses (), square brackets [], at symbol @, colon :, semicolon ;, and backslash \ are prohibited in the password.
- Spaces are not permitted within the password.
- The password should be a minimum of 8 characters and a maximum of 28 characters.
- Your new password cannot be the same as any of your previous three passwords.
How to register for Kotak Net Banking Online?
If you have a debit card, you can immediately log in to Internet Banking using the card credentials without any further registration process.
Note: This information is provided by Financenize.com.
