Kotak bank launches ‘Kotak Bharat’ mobile banking app for ‘un-banked’ regions

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Kotak Mahindra Bank (KMB) launched a mobile banking app ‘Kotak Bharat’ aiming to provide mobile banking services to customers in the remotest regions of India.

Specifications:
  • The Android-based app is specifically designed to provide banking service to customers in the under-banked and un-banked regions with provision to use service in their preferred language.
  • Initially the service will be provided in Hindi and English language and would also be available in Marathi, Gujarati, Tamil and Kannada in few months.
  • Customers can manage their savings/current accounts and credit cards through this app.
  • Initially will be launch in prominent Hindi belt centre starting from Lucknow and will spread its service in other state in few months.
  • The app is compatible on SMS banking keyword process platform where customers could download the app on their registered mobile number without any separate registration process.
  • It also facilitates other value added propositions such as recharging mobile/DTH services, finding Kotak ATMs & branches, linking Aadhaar number to the account, and even facilitates to avail services of government schemes like Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana etc.