Kotak Mahindra Bank launches offline mobile banking app in Gujarati

Ahmedabad

Kotak Mahindra Bank (KMB), today, announced the launch of Kotak Bharatapp in Gujarati which is a mobile banking app not requiring any internet connectivity.

This is the first of its kind offline money transfer app by any bank in the country by the private sector bank.

Addressing a press conference here today Mr Deepak Sharma, Executive Vice President and Head- Digital Initiatives of the bank, said that the app which initially has a limit of Rs 2500 cashless transactions per day and at a time can even be downloaded offline in the KMB branches with the assistance and help from the bank employees.

The process of funds transfer can only be initiated from customer’s registered mobile number. Customer will get a confirmation SMS on the registered mobile number, which is encrypted, and hence cannot be tampered, he said.

The app was initially launched in English and Hindi on trial basis almost two months back but now it is also available in four other regional languages Gujarati, Marathi, Tamil and Kannada, and will soon be released in other Indian languages.It also let customers manage their savings and current accounts as well as credit cards.

It works on the existing SMS banking keyword process platform. All customers holding bank accounts and/or credit cards, and using Android phones, including affordable handsets with version 2.2.3 onwards, can download the app on their registered mobile number without any separate registration process.

It can also be used 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, he said.

– DeshGujarat