The bank said in the email that we would like to inform you that the bank system will not be available on June 03, 2023 and June 10, 2023 from 01.00 AM to 04.30 AM due to maintenance activity. During this time the following services will be temporarily unavailable on your Kotak Bank Debit Card, Spendz Card and Gift Card.

1. Card Control – Modification of Transaction Amount Limit and Transaction Activation or Deactivation
2. Card Blocking – Unblocking
3. primary account change
4. Account Linking – Delinking
5. Application for New Debit Card / Image Card
6. card closure request
7. Register for tokenization and PIN re-generation
8. Card Inquiry and Verification

Know what is spendz?

Kotak Spendz is a prepaid offer for your small, everyday expenses. It is specially designed to help you track your roadmarra expenses separately, making it easy to manage the budget and avoid overspending.

How to use Spendz

1. Go to Kotak Mobile App.
2. Tap on Spendz Prepaid under the Banks section.
3. Tap on Add Money and load money as per your requirement.
4. Now you can pay conveniently through Spendz Card, Pay Your Contact, Scan & Pay or Billpay.

Customer can contact 24 hours customer call on 18602662666 to modify the limit to default limit. To increase the limit over and above the default limit, you can get the limit increased by visiting your nearest Kotak Mahindra Bank branch.

The post Bank Account Holders Alert! Debit card services will not be available on this date, will not be able to do transactions first appeared on Rightsofemployees.com.

If you do not do this, then later you may have to face big trouble. Actually, Bank of Baroda (BoB) has issued instructions to its account holders to get Central KYC (C-KYC) done. If you have not completed this work, then go to the bank immediately and complete this work.

Bank gave information by tweeting

By tweeting about this from its official Twitter handle, the bank has told that all the customers who have been called by the bank for notice, SMS or C KYC, should go to the bank and submit their KYC documents. You have to do this work before March 24, 2023. If you have completed this task then ignore this message.

What is Central KYC?

Now customers do not need to do KYC again and again for all the tasks like opening account, buying life insurance, opening demat etc. Now all the works can be completed after getting KYC done only once. The bank submits the records of C-KYC to its customers in digital format.

pic.twitter.com/HZOMQN9pbJ

— Bank of Baroda (@bankofbaroda) March 13, 2023

After this, a customer does not have to do KYC for different purposes and banks match the information with the central KYC. By matching this data, the bank or any institution finds out whether the KYC rules have been fulfilled or not. It is worth noting that CERSAI does the work of managing the Central KYC. In this case, only KYC related information of the customer can be obtained from this number only.

Failure to complete Central KYC can result in huge losses.

If you do not complete the Central KYC, your account may be deactivated. In such a situation, if you have not yet completed this work, then complete it as soon as possible. With this you will not have to face trouble later.

The post Bank Account Holders Alert! Complete this work by March 24, otherwise there may be a big loss first appeared on Rightsofemployees.com.