Kotak launches zero-charge digital bank account
Thursday, March 30, 2017, 7:25 AM
Kotak Mahindra Bank (KMB) announced an offer for opening a zero balance savings account, with zero charges for all digital transactions. This comes when many of its competitors, are either raising or reintroducing charges for transactions. KMB said its new ‘811’ plan, to promote a digital banking system via mobile phones, was aimed at doubling its customer base to 16 million over the next-18-months.