Kotak Mahindra Bank or Kotak is a private bank headquartered in Mumbai that offers financial services to individuals businesses and organizations. While they are an excellent choice let us ensure that we understand the charges of receiving and transferring money with Kotak bank.
Kotak offers Click2Remit a service that allows you to receive cash from all across the world and send them to India. Click2Remit is available to both Kotak account users and non account holders. Even if you do not have a Kotak account your sender can utilize Click2Remit to transfer cash into your Indian bank account1.
Before using Click2Remits services your sender must first create an account with them. You may use Click 2Remit to transmit cash through wire transfer bank transfer or direct transfer.
And The Wire Transfers allow you to send your money from different currencies like USD EUR CAD GBP CHF DKK SGD AED JPY and SEK direct into your INR bank account or via demand draft. Please include your bank account number as well as Kotaks Correspondent Bank account number and SWIFT or IFSC code. This technique may be completed online but depending on your senders native country it may necessitate a visit to a nearby bank office.
Kotak Mahindra Bank International Transfer Charges
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8.5 percent for nonfinancial domestic transactions 150 percent for foreign financial transactions and 25 percent for nonfinancial international transactions. On foreign currency transactions made with Debit Cards the bank will impose a 3.5 percent cross currency markup.
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