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Q.

How to Increase Transaction Limit in Kotak Bank?

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0 2024-04-22T14:21:21+00:00

Wondering

how to increase transfer limit in Kotak net banking

, you typically need to follow the below given steps.

How to Increase Transfer Limit in Kotak Net Banking?

  • Reach out to Kotak Bank's customer service through their helpline number or visit a branch. You can find the customer service number on the bank's website or on the back of your debit or credit card.

  • Inform the customer service representative that you wish to increase your transaction limit. They will guide you through the process and let you know the requirements for increasing the limit.

  • You may need to provide certain information to verify your identity and account details. This could include your account number, customer ID, PAN card details, Aadhaar card, etc.

  • Depending on the type of transaction limit you want to increase (e.g., ATM withdrawal limit, POS (Point of Sale) limit, online transaction limit), you may be required to submit additional documents as per the bank's policies.

  • After submitting the request and necessary documents, the bank will review your request. If everything is in order and meets their criteria, they will approve the increase in transaction limit.

  • Once the limit increase is approved, you will receive confirmation from the bank. This confirmation may be via SMS, email, or a physical letter.

  • If the increased limit involves changes to your ATM card or internet banking settings, ensure that you update these settings accordingly to reflect the new transaction limit.

  • After the limit increase is implemented, you may want to test a transaction to ensure that the new limit is active and working as expected.

This is how to increase daily transaction limit in Kotak Bank.

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Hi there, being a customer of Kotak Mahindra Bank, I guess I can be of some help to you. I recently faced a similar situation when my father asked me how to increase transfer limit in Kotak mobile banking? He needed to transfer beyond the given limit and thus turned to me. 

I once had to transfer a big sum of money to purchase my first car. I had done this process at that time and it didn’t take me long to get the work done.  I’ve mentioned the procedure step-by-step for you to save some internet and browsing time.

How to Increase Transaction Limit in Kotak Bank

  1. First, you need to fill the transaction limit modification form and submit it to the authorities. 

  2. The form has two types: (

    Individual and Non-Individual

    ) and (

    Individual

    ), which allow you to increase your debit card, demand draft, mobile banking, and net banking limits.

  3. The two forms may vary in functionality, so refer to both and first understand them as per your suitability. I would advise you to ask the bank and then proceed further.

  4. After selecting the limit modification form, fill all the particulars carefully in capital letters and read the declaration as well. Read the “please note” section in the

    Individual and Non-Individual

    carefully and adhere to the policies to have the increase sanctioned.

  5. Submit the form at your nearest Kotak Mahindra Bank branch, and your request will be underway. 

Unfortunately, as far as how to increase transfer limit in kotak mobile banking is concerned, the facility is currently not provided by the bank. But you can smoothly expand the limit via the above mentioned process.

I hope this helps you gain knowledge about how to increase Kotak bank transfer limit. In case you get stuck somewhere, head to the branch for assistance.

Get home loan assistance for faster loan disbursal here Read More What is the SBI Zero Balance Account Transaction Limit? How to download Kotak Mahindra Bank Statement? How to Set Transaction Limit In HDFC Credit Card?
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