Kotak rolls out mobile banking app with no Internet

Kotak Mahindra Bank (KMB) today announced the launch of Kotak Bharat app in Kannada, a mobile solution that requires no Internet connectivity, as part of its inclusive digital banking philosophy.
KMB is India's first bank to achieve this distinction, which encourages cashless transactions by enabling customers to transfer up to Rs 2,500 per day and at a time, it said.
The process of funds transfer is simple and totally secure as the transaction can only be initiated from the customer's registered mobile number, KMB said in a release.
Furthermore, the customer will get a confirmatory SMS on the registered mobile number, which is encrypted, and hence cannot be tampered with, it said.

Kotak Bharat will enable customers to manage their savings and current accounts as well as credit cards. It is currently available in Hindi, English, Gujarati, Marathi, Tamil and Kannada, and will soon be released in other Indian languages, the release said.
Customers can manage their bank accounts and also use the app for a range of services, including recharging mobile and DTH services, linking Aadhaar number to the bank account, finding Kotak ATMs and branches, applying for Pradhan Mantri Suraksha Bima Yojana (life insurance)/Pradhan Mantri Jeevan Jyoti Bima Yojana (accident insurance) schemes, it said.