Kotak Mahindra Bank

Kotak Mahindra Bank Business Loan


Apply Kotak Mahindra Bank Business Loan @ 16%

Interest Rate


Processing fee

Upto 3%

Loan Tenure upto

3 years

EMI per Lakh


Kotak Mahindra Bank Business Loan

Kotak Mahindra Bank Ltd is the first non-banking financial company (NBFC) in India to gain the status of a bank. In February 2003, the Kotak Group's flagship company, Kotak Mahindra Finance Ltd received the banking licence from the Reserve Bank of India (RBI) authorising it to conduct banking operations in India. That was the entry of Kotak Mahindra Bank, also known as Kotak Bank into the Indian banking sector.

Kotak Bank expanded its business by taking over ING Vysya Bank Ltd in April 2015. Kotak Bank caters to a vast clientele of retail and corporate customers throughout India through its four strategic business units comprising of Corporate Banking, Consumer Banking, Commercial Banking and Treasury activities. Kotak Bank's symbol signifies infinity, thereby symbolising that they provide infinite solutions to their customers to meet their requirements.

Kotak Bank offers various loans to different categories ranging from retail to corporate. These loans range from home loans to car loans and education loans to Business Loans.

Why Choose Kotak Mahindra Bank Business Loan?

Kotak Bank has loans to suit all your needs. Kotak Bank Business Loans are available for meeting working capital requirements, procuring fixed assets for the running of the business, expansion of the company, and various other requirements. The advantage of availing Kotak Mahindra Bank Business Loan is the competitive rate of interest and convenient repayment options. The bank offers unsecured loans as well as collateral-based loans depending on your needs. Transparency is a crucial feature of Kotak Bank Business Loans.

Kotak Mahindra Bank Business Loan - Features and Benefits

  • Loans available for all business activities
  • Working capital finance available to meet the daily requirements of your business.
  • Term loans for procurement of fixed assets or expansion of business
  • Loan against property available for business purposes
  • Loans available from 3 Lakhs up to 2 Crores
  • Hassle-free processing and quick approval
  • Flexible repayment options
  • Easy EMIs depending on your business turnover
  • Doorstep service available
  • Reasonable charges and competitive rates of interest
  • Easy eligibility norms
  • Minimum documentation formalities
  • Facility to apply for a Business Loan online
  • Calculate your EMI online
  • Transparency in services

Kotak Mahindra Bank Business Loan Interest rates

The MCLof Kotak Bank as on 01 June 2019 are as follows:

Tenor Rate



One Month


Three Months


Six Months


One Year


Two Years


Three Years


Following are the applicable interest rates n different Business Loan products based on MCLR:

Loan Product Category of Borrower Applicable rate of interest

Loan against property for business purposes

Salaried Individual

Self-Employed Person

9.60% to 10.35%

9.60% to 10.35%

Working Capital Finance (Up to 7.50 Crores)

Micro and Small Enterprises

Non-micro and small enterprises

9.20% to 14%

10% to 15%

Business Loans

All categories

16% to 19.99%

Commercial Vehicle Finance

All types

Prevailing MCLR to 24%

Types of Kotak Mahindra Bank Business Loans with Eligibility Criteria

Kotak Mahindra Bank offers various types of Business Loan products as mentioned below:

Agriculture and Farming Agro Processing and Trading Transport Retail Service Manufacturing Construction and Infrastructure

Business Loan

Agri Project Loan

Dealer Finance

Finance against credit card receivables

Channel Finance

Construction Equipment and Infrastructure Finance


Agri SME Business

Transportation, Logistics, Warehouse

Loan against property


Commercial Vehicle Loan

Apart from Business Loans to individuals and non-corporate entities, Kotak Mahindra Bank caters to the requirement of the corporate sector by providing the following credit facilities:

  • Long Term Finance
  • Working Capital Finance
  • Structured Finance
  • Debt Syndication
  • Acquisition Finance
  • Trade and Supply Chain Finance
  • Services for Exporters and Importers
  • Forex Services

Business Loan


To meet all kinds of business requirements


Overdraft or Term Loan


  • Loans available from 3 Lakhs to 2 Crores
  • Quick approval process without any hassles
  • Minimum documentation
  • Flexible repayment options depending on turnover and income
  • Easy EMIs
  • Doorstep Service

Eligibility Criteria

  • Self-employed business people having an annual turnover of 2 Crores
  • Manufacturers with a yearly turnover of 1 Crore
  • Service providers showing an annual turnover of 50 Lakhs
  • Three years of continuity in the business
  • Cash Profit for the last two years

Agri Project Loan


  • Finance for agricultural projects like horticulture, vermiculture, and floriculture, and other land-based projects like mushroom cultivation, medicinal plants, tissue culture, and sericulture.
  • Funding for farm mechanisation, crop loans, minor irrigation, land development and other land-related activities.
  • Allied agricultural projects like poultry, dairy, piggery, bee-keeping, mushroom units, and fishery.
  • Construction of cold storages and rural godowns


  • Term Loans
  • Dealer Finance
  • Supplier Finance
  • Business Loans to promoters


  • Availability of dedicated relationship manager
  • Project finance
  • Wide geographic network
  • Project assessment capability

Eligibility Criteria

  • SME units engaged in agricultural occupation
  • Farmers, food processors, and aggregators
  • Traders and Exporters

Agri SME Business


SME units indulging in agricultural activity


  • Working Capital Finance to SME units indulging in agricultural activity
  • Funding warehouse receipts


  • Dedicated relationship manager available
  • Funding depending on the project
  • Available over a wide geographical area
  • Project assessment capability

Eligibility Criteria

  • SME units engaged in agricultural occupation
  • Farmers, food processors, and aggregators
  • Traders and Exporters

Dealer Finance


Meet financial requirements of two/three wheeler, commercial, and construction vehicle dealers.


  • Term Loans for setting up a new dealership or expansion of the existing network
  • Renovation of dealership premises
  • Working Capital Term loan for funding supplemental working capital requirements.
  • Amortising Term Loan for purchase of property for business expansion and setting up new dealerships.
  • Equipment term loan for the purchase of equipment for the service centre
  • Working Capital limits for inventory funding, vehicle funding
  • Cash Credit facility for funding debtors and spares
  • Non-fund based facilities like LC/BG either as a sub-limit or a stand-alone facility


  • Personalised service available
  • Tailor-made schemes for individual dealers
  • Working capital financing options
  • Quick processing

Eligibility Criteria

Business units engaged in dealership of commercial vehicles, construction equipment vehicles, and two/three wheelers.

Transportation, Logistics, and Warehouse


  • Set up workshop, purchase existing workshop and warehouse, purchase office for transporters/shipping companies/CNF business/ICDs.
  • Term loan for rental discounting for warehouse
  • Working capital term loan


  • Term Loans
  • Working Capital finance
  • Balance Takeover of term loan
  • Non-fund based limits for LC/BG


  • Availability of personalised service
  • Tailor-made schemes for each borrower
  • Hassle-free processing
  • Working Capital facility to fleet owners
  • Working Capital facility to dealers
  • Project Finance facility available to warehouse construction and logistics company.

Eligibility Criteria

  • Individuals, partnership firms, and companies engaged in the transportation and logistics business.
  • First-time owners can also avail funding

Commercial Vehicle Finance


  • Purchase of new and used vehicles
  • Top up on existing loans


  • Term Loan
  • Working Capital finance


  • Extensive geographical presence at more than 900 locations across the country
  • Easy documentation procedure
  • Quick turnaround times
  • Flexible repayment tenure depending on turnover
  • Repayment tenure ranging between 12 and 60 months
  • Customisable financing solutions
  • Transparency in operations
  • Extensive range of products available

Eligibility Criteria

  • Individual, partnership firms, or companies having a minimum of two years of business experience
  • Educational institutions, transporters, and captive customers
  • Should be local resident for the last two years
  • Minimum experience in the field should be 12 months
  • First-time owners are also eligible for funding at the bank's discretion

Finance Against Credit Card Receivables


Business Loan or Overdraft against credit card receivables


  • Business Loan
  • Overdraft
  • Maximum loan 3 Crores


  • Loans available up to 3 Crores
  • Self-employed gets higher eligibility in comparison
  • Combination of TL/OD allowed
  • Low Processing fees
  • Comfortable repayment options
  • No stipulation of collateral
  • Attractive interest rates
  • Speedy disbursement

Eligibility Criteria

  • Proprietorship concern, partnership firm, or company
  • Sales through credit cards should be more than 60 Lakhs
  • Profit making company for the past two years
  • The business should be in existence for more than three years
  • Applicant should own the premises from where he/she conducts the business.

Channel Finance


Meet working capital requirements of channel partners or vendors of corporate entities dealing in various products like FMCG, Pharma, healthcare, textiles, and many more.


Working capital finance


  • Easy funding options
  • Increases purchasing power and provides liquidity
  • Enhances cash flow and working capital
  • Tenure to coincide with the trade agreement period with the corporate
  • Customised reporting capabilities
  • Online submission of invoices
  • Collateral necessary

Eligibility Criteria

  • Channel partners of corporate entities who enter into a trade agreement with the corporate entity.

Loan Against Property for Business


Loan against property for meeting business requirements such as working capital and expansion of business or purchase of fixed assets.


  • Term Loan
  • Overdraft


  • Flexible eligibility criteria
  • Loans available for 10 Lakhs to 5 Crores
  • Loans available against residential, commercial, or industrial property
  • Convenient loan tenures

Eligibility Criteria

  • The minimum age is 21 years, and the maximum is 65 years at the time of loan maturity.
  • Minimum income as per the P/L should be 1.44 Lakhs per annum
  • The business should be in existence for three years and making profits for the last two years.

Construction Equipment and Infrastructure Finance


Purchase of construction equipment like earth moving equipment, road-building equipment, material-handling and concrete equipment.


  • Term Loans for new and used equipment
  • Refinance and Top up facilities available
  • Working Capital
  • Non-fund-based facilities


  • Convenient documentation
  • Quick turnaround
  • First-time users can also avail loan
  • Flexible repayment tenures
  • Maximum financing up to 100%
  • Repayment tenures between 12 and 48 months

Eligibility Criteria

  • Business unit with minimum one years of business stability
  • Contractors, plant hirers, and captive customers
  • Should be a local resident for a minimum of two years
  • Two trade references required
  • Guarantor or co-borrower necessary

Corporate Loans

Long Term Loans

Rupee Term Loan

  • Repayment tenures depending on the company's cash flows
  • Flexible pricing of loans - Fixed, floating, or external benchmarks
  • Structure of credit depends on the security available
  • Underwriting and syndication facility available

Off-Shore Foreign Currency Loans

  • Facility to choose options based on your requirements from currencies to tenors.
  • Manage international banking activities while being based out of India.
  • The benefit of the same relationship management team
  • Get holistic advice from time to time

External Commercial Borrowings

  • Get the benefit of comprehensive information on matters involving hedging, tenor, currencies, and other queries.
  • Underwrite and syndicate the company's requirements to the debt capital market.

Working Capital Finance

Cash Credit and Overdraft

  • Availability of dedicated relationship manager
  • Customisation according to your business requirements
  • Flexibility in margin requirements
  • Uninterrupted facility
  • Quick processing with the benefit of competitive rates
  • Incremental working capital requirements available during the growth period.
  • Export and import solutions

Demand/Short Term Loans

  • Helps manage cashflow mismatches due to unexpected changes in the working capital cycle.
  • Supports the corporate in the growth period by providing incremental capital.
  • Flexibility in repayment schedules depending on cashflows
  • Foreign currency options available for overseas operations

Working Capital Term Loan

  • Strengthen financial ratios
  • Help rectify the asset-liability mismatch
  • Manage temporary problems with business cashflows
  • Flexible repayment schedules
  • Get the benefit of long tenures for more than five years and up to 7 years.

Supply Chain Financing

  • Bill discounting and Invoice financing
  • Purchase order financing
  • Negotiating of bills under inland LC
  • Domestic factoring

Structured Finance: Kotak Mahindra Bank offers structured financing to enable corporate access to low-cost funds from the market. Corporate entities can get the benefits of the following products under this financing option:

  • Commercial papers
  • Non-convertible debentures
  • Quasi Equity Instruments
  • Lease Rental discounting
  • Promoter Financing

Apart from structured financing, Kotak Bank offers high-end financing solutions like Debt syndication, Acquisition Finance, and Trade and Supply Chain Finance.

Documents Required for Kotak Mahindra Bank Business Loan

Document Type Appropriate documents

Identity Proof

Any one of the listed documents:

PAN Card


Driving License

Voter's ID

Aadhaar Card

Address Proof

Any one of the listed documents:


Voter's ID

Driving License

Aadhaar Card

Utility Bills

Bank Statement or Passbook

Ownership Proof

Proof of ownership of residential/commercial property in select locations.

Income Proof

  • IT Returns for two years, Balance Sheet, Profit and Loss Statement
  • Bank statement for the last six months

Why Apply for Kotak Mahindra Bank Business Loan on MyMoneyMantra?

MyMoneyMantra makes it convenient for customers to apply for Kotak Mahindra Bank Business Loan. We offer the following facilities that should benefit customers to choose our site to apply for the loan.

  • Comfortable navigation facilities that help you access different Business Loan products offered by more than 90 banks and NBFCs in India.
  • Get the advantage of personalised assistance from our loan executives, especially in matters concerning compiling and submission of the relevant documents.
  • Use our EMI Calculator to get an idea about your probable EMI before applying for the Business Loan.

How to Apply for Kotak Mahindra Bank Business Loan?

  • Apply online for Kotak Mahindra Bank Business Loan on the official website of Kotak Mahindra Bank. Every loan product page has an 'Apply Now' option that enables you to lodge an online application.
  • Use the MyMoneyMantra website to apply for Kotak Mahindra Bank Business Loan. The advantage is that you can compare various Business Loans before selecting your option. Secondly, our executives help you with compiling the documents and submitting them to the bank. Our customer service executives guide you throughout the loan application process by explaining the loan product.
  • Walk into any of the nearest Kotak Mahindra Bank branches and contact the Branch Manager for details regarding the Business Loan products offered by the bank. It is also possible to submit your loan application to the bank directly. The application forms for all the loans are available on the website of the bank.

How to Apply for Kotak Mahindra Bank Business Loan on MyMoneyMantra?

MyMoneyMantra offers the easiest way to apply for Kotak Bank Business Loan.

  • Access our website and select Business Loans under Loans
  • Fill in the details asked for and provide your mobile number to receive an OTP from our side
  • Enter the confirmatory OTP at the specified location to gain access to the Business Loan comparison webpage.
  • Select your option as Kotak Mahindra Bank following which we direct you to the official website of the bank to enable you to complete the loan application formalities.
  • Our customer service executive will be in touch and help you to complete the documentation formalities.

Other Products by Kotak Mahindra Bank

Besides Business Loans, Kotak Mahindra Bank offers various other products to its customers as mentioned below:

Personal Loans

Home Loans

Home Improvement Loan

Home Loan Balance Transfer

Loan Against Security (Kotak Stock Ace)

Education Loan

Car Loan

Gold Loan

Loan Against Property

Current Account

Savings Account

Corporate Salary Accounts

Kotak 3-in-1 Account

Retail Institutional Accounts

Safe Deposit Locker

Recurring Deposit

Fixed Deposit

Senior Citizen Fixed Deposit

Tax Saving Fixed Deposit

Sweep-In Facility

Debit Cards

Credit Cards

Forex/ Prepaid Cards

Health Insurance

Life Insurance

Motor Insurance

Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana

Atal Pension Yojana

Portfolio Management Service

Mutual Funds

Sovereign Gold Bond Scheme

Kotak ASBA Facility

Demat Account

National Pension System

How to Calculate Kotak Mahindra Bank Business Loan EMI?

Kotak Mahindra Bank offers facilities to calculate your probable EMI in advance. Select the Calculate EMI option on the Business Loan webpage of the bank.

Submit your loan requirement, the applicable rate of interest, and the repayment period. You get the EMI instantly.

Use MyMoneyMantra Business Loan EMI Calculator

MyMoneyMantra has a similar EMI Calculator on its home page under the Financial Tools section. All you have to do is to enter the probable loan amount, rate of interest, and the repayment tenure. As soon as you hit the Calculate button, the EMI Calculator determines your EMI within no time.

Kotak Mahindra Bank Business Loan Charges

Type of charge Amount

Processing fee

Up to 3% of the sanctioned amount


Up to 10,000 per instance

Cheque dishonour

750 per instance

Copy of any document

500 per instance

Repayment mode/ Account swapping

500 per instance

Duplicate NOC or No Dues Certificate

500 per instance

Copy of CIBIL report

50 per instance

Term Loan Specific Charges

Prepayment charges

Within a lock-in period of 12 months - 6% of foreclosure amount

Subsequent foreclosure: 5% on loan foreclosure amount

No foreclosure charges payable for individuals availing term loan @ floating rate of interest

Penal interest

3% p.m. on a compounded basis

Collection charges in case of default

30% of cheque dishonour charges plus penal interest

Amortisation schedule or Account statement

Once in a year: Free

Subsequent requests: 250 per instance

Overdraft Specific Charges

Annual review charges for OD

1.5% of renewal limit or 5,000 whichever is higher

Termination charges

Within a lock-in period of 6 months: 6% of operating limit

Subsequent termination: 5% of operating limit

Penal interest in case of balances over the limit

3% p.m. on the amount over the approved limit

Non-utilisation charges

0.25% of the difference between actual average utilisation and 25% of the average limit during each quarter with a minimum of 1,250, chargeable every quarter.

Interest Certificate Charges

Once in a year: Free

Subsequent requests: 250 per instance

Transportation, Logistics, and Warehousing

Non-submission of stock statement/book debts statement

5,000 per month

Non-submission of insurance policy

1,500 per month

Non-submission of financial statements

5,000 per month

Monitoring of covenants

1,500 for every default

Overdue charges

3% per month

Non-submission of worth statements

5,000 per month

Non-submission of end-use certificate

5,000 per month

Foreclosure statement

3% of the principal outstanding amount

Closure fees

Within six months: 3% of sanctioned limits

Subsequent closure: 2% of sanctioned limits

Temporary OD setting up fees

1000 per request

Ad-hoc/OD setting up

3,000 per request

Stamp duty and other charges

As per actual

Low churning penalty

If utilisation is less than 40%, the penalty for under-utilisation is 2% of average utilisation.

Average utilisation < 50%

10,000 per month

Commercial Vehicle Finance Charges

Processing charges

Up to 2% of the loan amount

Documentation charges

Up to 5,000

Overdue interest

3% of the overdue amount

Collection charges

30% of penal charges

Dishonour charges

750 per occasion

Swap charges

Up to 500 per occasion

Prepayment or foreclosure charges

5% of principal outstanding on the date of repayment

Issue of duplicate NOC




Amortisation schedule or Statement of account


Payment processing


Valuation for used vehicles

Within the city: 1,000

Outside the city: 1,500

Vehicle repossession

Up to 15,000

Credit administration

Up to 6,000

Duplicate foreclosure statement


NOC for national/state permit or change in body type


Rebooking of loans


Change in instalment date


Change in property


Copy of any property/loan document


Asset verification charges and legal charges


NOC for conversion to commercial/private


Loan Against Property

Charges are similar to that of Business Loan Term Loans and Overdraft facilities except for the following charges.

Prepayment charges for Term Loan

  • No prepayment allowed until the lapse of lock-in period of six months.
  • After six months: Minimum prepayment is 25,000, and the maximum is 25% of the outstanding loan amount - No charges if the period between two prepayments is a minimum of 6 months.
  • Otherwise: Part payment penalty is 4% of the excess amount
  • Foreclosure charges are 4% of the foreclosure amount plus amount prepaid during the last 12 months.
  • No foreclosure charges on term loans to individuals @ floating rate of interest.

Non-maintenance of minimum credit turnover charges in OD accounts

Minimum 1% of sanctioned limit every 12 months

Construction Equipment and Infrastructure Finance

Same as that applicable to Commercial Vehicle Finance

Kotak Mahindra Bank Business Loan - Customer Care

Customers can contact Kotak Mahindra Bank to air their grievances or submit feedback by using the following channels of communication.

  • Phone: Call Kotak Bank 24X7 at their Customer Contact Centre 1860-266-2666 (Toll-free)
  • Phone: Call Toll-free number 1800-209-5600 from Monday to Saturday between 9.30 am and 6.30 pm.
  • Write to Kotak Mahindra Bank: Existing Business Loan customers can use the 'Write to us' option and submit their queries online.
  • Email: SME customers can send an email to customerfirst@kotak.com and provide their feedback and questions.
  • Chat with Keya: Kotak Bank's chat assistant Keya will also help resolve customer queries

Kotak Mahindra Bank Business Loan - FAQs

What types of Business Loans are offered by Kotak Mahindra Bank?

Kotak Mahindra Bank offers a multitude of Business Loans that include working capital finance to business entities to meet their daily requirements, term loans for procuring assets or expanding their business, discounting of bills as post-sale finance, and non-fund based facilities like LC and BG.

Does Kotak Mahindra Bank offer loans without collateral to SME units?

Yes, the bank offers collateral-free loans to SME units. The Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) covers such loans. Kotak Mahindra Bank is the first private sector bank to join the psbloansin59minutes.com, a platform that approves SME loans to eligible units in 59 minutes.

What are the benefits of applying for Kotak Mahindra Bank Business Loan?

Kotak Mahindra Bank offers a range of Business Loans at competitive rates of interest. It follows a transparent procedure of appraising the loan proposals. The highlight of the bank is that it has a quick turnaround time for Business Loans. The bank has an attractive service charges structure, whereby it becomes convenient for a business entity to avail Business Loan from Kotak Mahindra Bank.

How are the eligibility norms for Business Loans at Kotak Mahindra Bank?

Kotak Bank has convenient eligibility norms. Individuals, proprietors, partnership firms, public and private limited companies can avail Business Loans from the bank subject to fulfilment of the conditions stipulated by the bank and satisfaction of other eligibility norms. 

Is it possible to prepay Kotak Mahindra Bank Business Loan?

Yes, it is possible to prepay Kotak Mahindra Bank Business Loan after the prescribed lock-in period. The rules stipulate the payment of a penalty in case of prepayment of part-payment of Business Loan. However, term loans granted to individuals at floating interest rates do not attract foreclosure penalty.

What is the maximum Business Loan repayment tenure at Kotak Mahindra Bank?

Kotak Bank offers flexible repayment tenures between 12 months and 60 months. Some loans have shorter repayment tenure. The long-term loans sanctioned to corporate entities can have repayment tenures for more than five years and up to seven years.

Does Kotak Mahindra Bank offer crop loans to farmers?

Yes, Kotak Mahindra Bank offers crop loans to farmers depending on the scale of finance prescribed for the particular crop in the specific region. It also provides long-term agricultural project finance for land-related activities like minor irrigation, land development, and horticultural activities.

What type of Trade Services does Kotak Mahindra Bank offer to its clients?

Kotak Mahindra Bank offers both international and domestic trade finance services to its clients. The facilities include Bills Discounting, Invoice Discounting, Purchase Order Financing, and pre-shipment and post-shipment finance. Besides, the bank also offers non-fund based facilities like BG and LC.

What are the aspects that affect my eligibility for a Business Loan at Kotak Mahindra Bank?

Applicants should satisfy all KYC norms before applying for Business Loans from Kotak Mahindra Bank. They should have a reasonably good credit rating. The higher the credit rating, the lower is the rate of interest. Your business financials also play a vital role in deciding your eligibility.

How does one repay the Kotak Mahindra Bank Business Loan instalment?

If you have a current account with Kotak Mahindra Bank, it becomes easy to set up a standing instruction to debit the account and recover the instalment. Alternatively, PDCs and ECS mandates are the most popular methods. One can also transfer funds online to repay the Kotak Mahindra Bank Business Loans.  

Latest News and Snippets- Kotak Mahindra Bank Business Loan

Kotak Mahindra Bank Announced a Relief of 3 Months Moratorium for Its Borrowers

Following the advice of RBI on giving moratorium for customers to help them sail through this tough time brought by coronavirus lockdown, the Kotak Mahindra Bank has also announced a policy for providing the said relief to its borrowers.Read More

Kotak Mahindra Bank is the first private sector bank to join the 'PSB Loans in 59 minutes' platform

As part of its initiative to serve the business sector, Kotak Mahindra Bank offers loans up to 1 Crore to MSME sector through the psbloansin59minutes.com platform. In doing so, Kotak Mahindra Bank has become the first private sector bank to provide this facility to the MSME sector.

Kotak Mahindra Bank is the first bank in India to go live with both the debit card and Net Banking on the NPCI's e-Mandate API platform

Kotak Mahindra Bank launched the industry's first debit card-based authentication solution on NPCI's e-Mandate API platform to become the first bank in India to go live with both the debit card and Net Banking channels on this platform. Hence, Kotak Mahindra Bank's customers can create electronic mandates using both their debit and net banking channels.

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