KOTAK MAHINDRA BANK - FRAUD BANK
कोटक महिंद्रा बैंक - फ्रॉड बैंक
India's No. 1 Fraud Bank - भारत का नंबर 1 फ्रॉड बैंक
KOTAK MAHINDRA BANK'S FRAUDS
Other scams being done by Kotak Mahindra bank include not paying salaries to their hard-working employees who have resigned (over 1000 such complaints), not fulfilling promised loan obligations and card obligations, stealing stocks, shares, etc. from demat account customers and diverting and embezzling customer's funds to be invested in the share market in an unregulated manner through unregulated entities through illegal transactions. Making false promises as a bait to lure customers to apply for policies and then stealing or blocking those customer funds to be invested elsewhere is another tactic that has been widely adopted by Kotak Mahindra bank.
Is Kotak Mahindra a fraudulent bank?
Undoubtedly yes!
We really want to share our dreadful experience with Kotak Mahindra Bank in order to create an awareness amongst you so that you don’t fall victim to their fraudulent activities and experience the same as we did.
We at novel office (Registered as precision infra) have had a long term account with Kotak bank since December 31, 2012. On October 10, 2016, we noticed that our online password was changed without our knowledge. We immediately called our Kotak representative and informed him. He said there is no problem and the bank shall take care of it. Shortly after that we noticed Rs.5 lakhs had been debited from our account without us initiating any transaction for it. While following up with this issue, another 5 lakhs got debited from the same account in another 24 hours. When we notified the bank about this, the only measure taken by them was to let the relationship manager assigned to our account go essentially to wash their hands off of the whole issue. Kotak chose not to realize that there was deficiency of service from their end and refused to take care of our interest by claiming responsibility as a proper banking institution is expected to.
We then took the dispute to court on February 14 2017, where it was ruled that Kotak was at fault and has to reimburse the 10 lakh + interest + compensation fees to us. This order is dated September 26, 2018.
Post that we tried to connect with the bank to figure out what we should do to get our redressal. So far the only response we have received from this organization is straight and clear: we don’t know what is happening, what recourse do you have? No answers, no refunds, no claim of responsibility of any kind?
The most basic and essential duty of a bank is to keep up their client's security. If the bank neglects to do as such and is uninformed of transactions then it ought not exist there.
- Ananya, lives in Bengaluru, Karnataka
