State Bank of India customers can operate without minimum balance restrictions
State Bank of India small and basic savings bank deposit accounts do not restrict the account holder to maintain a specific average of daily balances in a month.
Kotak Mahindra Bank is the fourth largest Indian private sector bank by market capitalization, headquartered in Mumbai, Maharashtra. Kotak Mahindra group, established in 1985 by Uday Kotak, is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking licence from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to be converted into a bank – Kotak Mahindra Bank Limited (KMBL)
Best Bank in 2014 by Business India
Most Imminent Bank 2014 by Outlook Money
Best Prepaid Card Programme' at Financial Inclusion & Payments System (FIPS) 2014 for Kotak Samruddhi
Gold Award for Best App developed - World's first banking application using Twitter
Gold Award for Best Innovation - World's first socially powered bank account
Best Local Cash Management Bank in India (6th year in a row) in the Asiamoney Cash Management Poll 2014