Kotak Mahindra Bank Timings

Amidst lockdown due to coronavirus, Kotak Mahindra Bank had made certain changes in the operating time, reduced staff and suspension of non-essential services. However, in August, the bank restored its normal working hours along with all the banking services for the customers. The decision has been taken after consultation with the respective state governments. 

The bank is taking extra precautions in terms of contact-less service, sanitisation, cleanliness, social distancing, etc. No customer will be allowed to enter the bank without a face mask and gloves. Besides that,

• Customers are requested to cooperate with the security staff regarding temperature checks
• Customers should sanitise their hands properly before and after entering the bank
• Proper queues should be maintained to avail any kind of service

Advisory: Account Holders are advised not to visit the branch offices unless and until there is some exceptional situation. They must adhere to the rules of social distancing and use digital banking for banking services.

NEFT Timings

NEFT Transaction requests will be processed 24X7 for Netbanking and Mobile banking. However, the branch timings remain unchanged.

RTGS Timings

RTGS is available 24X7. However, for requests received on any RTGS business day before 5:45 pm on Monday to Saturday (except on 2nd and 4th Saturday) the account will be debited online and the request will be sent by the bank to RBI on the same day.

Note: The bank remains closed on the 2^nd and 4^th Saturday of every month.

* Kotak Bank branch timings may vary from branch to branch
Customers of Kotak Bank can visit the bank on weekdays to conduct business. Customers can open up accounts; deposit cash applies for credit cards, encash cheques, etc. during these working hours. We recommend that you make sure the bank is not closed on the day you plan to visit it.

Also Read: Kotak Mahindra Bank Holidays 2020

Kotak Bank employees do not have a set lunchtime period during which they close down for business. At all times an employee would be there to take care of the customer and their needs. This is done to ensure the customer is not inconvenienced when they visit the bank. The lunch timings are around 1:00 pm to 3:00 pm. You can visit the bank during these hours to avail any of the services without the fear of finding the concerned office on being on lunch break.

According to RBI, there are 48 half-hourly settlement batches every day for NEFT. The settlement of the first batch will commence after 00:30 hours and the last batch will end at 00:00 hours.

The bank processes NEFT and RTGS transactions by the time mentioned in the table. You can send your request during the bank’s working hours for greater convenience.

Kotak Bank is an Indian Private Sector headquartered in Mumbai, Maharashtra. It was in February of 2003 when Reserve Bank of India issued the license to Kotak Mahindra Finance Ltd. to carry on banking business. Kotak Bank is the second-largest private bank in India after HDFC Bank. In 2017 the Bank launched Kotak 811 online app. This is a digital bank account that any Indian resident over the age of 18 can open. The digital bank account gives up to 6% interest per annum to users. The Bank was awarded The Best Mid-Size Bank at BusinessWorld Magna Awards in 2018.