Kotak Mahindra Bank - SB account with 10% interest

Ind: Kotak Mahindra Bank launches Kotak premium return plan

Kotak Mahindra Bank, which offers complete practical financial
solutions, announced the launch of a unique and convenient
insurance plan - Kotak Premium Return Plan, for its Account
holders, today. Kotak Premium Return Plan provides all Kotak
Bank Account holders a monthly premium payment option with
direct debit to their bank accounts. This makes premium payment
convenient, without the hassle of writing monthly cheques.

The maturity amount depends on the term of the policy chosen.
The Bank also ensures that the beneficiary receives the death
benefit (sum assured less premiums unpaid during the year of
death) in case of the unfortunate death of the life insured.
Moreover, no medical check up is required to buy this policy.

The launch of this product is in keeping with Kotak Mahindra
Bank's proposition of being a one stop shop for all investment
needs of a customer. Kotak Mahindra Bank has recently launched a
couple of other features that make investments quick and
convenient. Some of these features are:

Kotak MF Sweep, which provides the convenience and liquidity of
a bank account with returns of a mutual fund. Daily balances,
above a predetermined level, in the savings account are
automatically swept out into a Liquid mutual fund. These 'swept
out mutual fund investments' sweep back into the account to meet
fund requirements the moment withdrawals exceed the balance
available in the account.

Mutual Funds on Net enables purchase or redemption of Mutual
Funds online through the Bank's Net Banking service. Thus
customers can access their Investment accounts in addition to
Deposit and Demat accounts with a single sign on. This facility
also allows customers to see their mutual fund portfolio updated
as per the last day's NAV.