Kotak Mahindra Bank is a private bank in India. For quite some time, it has started running a scam in which customer's bank accounts are suddenly blocked under various pretexts e.g. KYC mismatch, address verification, signature mismatch, etc. The customer usually has already completed all these formalities but despite that the account is blocked.

Many customer make multiple visits to the branch and verify their address, KYC, signature, etc. but the issue is never resolved. That is because Kotak Mahindra bank has blocked the bank account with the corrupt intention of stealing and embezzling customers' money. The branch manager allows blocking of the account in connivance with Kotak Mahindra head office. Sometimes the branch manager demands bribe for unblocking your own account. Even if you make numerous appeals to Kotak management and complain to everyone at the bank, nobody would listen.

If you complain to the Reserve Bank Ombudsman, they have put their tentacles there too by bribing and corrupting these lowly paid RBI officials. As such, do not expect them to help you or even grant you justice. They will rule in Kotak Mahindra bank's favour because they have been bought. Sometimes Kotak Mahindra will fabricate documents in order to keep your account blocked so as to inflate their P&L. Several senior citizens, handicapped persons, and even vulnerable groups have been a victim of this scam.

Our appeal to the Government is that it should look into Kotak Mahindra bank's nefarious scam and if necessary, cancel their banking license because they are violating the consumer protection laws of India and defrauding the customers and the people of India.