 "Kotak Mahindra Bank to offer its Salary2Wealth account to Indian Navy")
As per the agreement , Kotak will offer its personal segment loan products – home loans, auto loans (offered by Kotak Mahindra Prime) and personal loans, at concessional rates to the Indian Navy, in addition to a special education loan programme for children of the Indian Navy personnel, said a press release issued by the bank
Currently, Kotak offers 5.5% per annum on its savings bank account for balances up to Rs 1 lakh, and 6% per annum on balances over Rs 1 lakh. Further, Indian Navy personnel will get access to Kotak’s network of 414 branches, 910 ATMs across 242 centres in India. Additionally, Kotak will also conduct sessions on financial planning for senior Navy officials across the country.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%