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Tag: Banking

Citibank minimum balance now one lakh per mth


In early January this year, I received a mail from Citibank that w.e.f 01-Mar-13, they were converting my Suvidha savings account to a ‘Citibanking’ account. This was supposed to be superior to the Suvidha account and would also entail keeping a minimum average monthly balance of Rs.2 lakhs. For longstanding customers like yours truly, the balance was to be maintained at Rs.1 lakh per month.

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Kotak launches India’s first vertical credit card

Kotak Credit CardsCame across a huge advertisement in the TOI today, showcasing Kotak Cards. The difference between this offering and those by other banks is the orientation of the card, or to put it more simply, this is India’s first ever ‘vertical credit card’ !

Kotak is offering a suite of four cards, 2 Gold Cards, a Platinum Card and a Signature Card, all on the Visa platform. Some of the features of these cards are;