Kotak Mahindra Bank NEFT Form

Channels for filling Kotak Mahindra Bank NEFT Form –

1. Online

Customers can avail NEFT service through internet banking and mobile banking by providing the following details

• Name of the beneficiary
• Account number of the beneficiary
• IFSC (Indian Financial System Code) of the beneficiary
• Select NEFT as the fund transfer method

2. Offline

Customers can visit their nearest Kotak Mahindra Bank branch and avail the NEFT service by filling the Kotak Mahindra Bank NEFT Form. Account holders can download the NEFT form and submit it by visiting the nearest bank branch. Following details would be required for filling the Kotak Mahindra Bank NEFT Form:

• Name of the beneficiary
• Account number of the beneficiary
• IFSC (Indian Financial System Code) of the beneficiary
• Name of the remitter
• Account number of the remitter
• Amount to be remitted

Account holders who want to avail NEFT service by visiting the bank branch can download Kotak Mahindra Bank NEFT Form here.

Customers can call the Kotak Mahindra Bank customer care number mentioned below to avail NEFT service via phone banking:

1860 266 2666

NOTE: Payments can only be made via Net Banking, Mobile Banking, and Phone Banking if customers have single or unconditional signing authority on their account.

Kotak Mahindra Bank NEFT transactions take place in 48 half-hourly batches. The service is available 24×7 for 365 days, including holidays. The settlement of the first batch will commence after 00:30 hours and the last batch will end at 00:00 hours.

NEFT transactions after usual banking hours of banks are expected to be automated transactions initiated using ‘Straight Through Processing (STP)’ modes by the banks. All provisions of NEFT procedural guidelines will be applicable for NEFT 24×7 transactions as well.

Also Read: Kotak Mahindra Bank Timings

According to the Reserve Bank of India (RBI), there is no limit for an online transaction but for offline mode, Rs.50,000/- is permitted per transaction.

• The remitter need not send the physical cheque or Demand Draft to the beneficiary
• Fast and secure mode of fund transfer