Kotak Mahindra Bank rolls out a lifestyle focussed salary account

The account will be available to all corporates in India and will also come with a host of privileges and rewards across lifestyle, travel, healthcare, dining, skilling and learning experiences.

“For a long time, the corporate salary account benefits used to include no minimum balance commitments, zero transaction charges and some access to other banking products with a sustained relationship. We believe now is the time to disrupt this space – by offering rewards that span beyond banking and designing a truly premium value proposition,” said Puneet Kapoor, president products, alternate channels and customer experience delivery at Kotak Mahindra Bank.

Each account will come with preferential banking services, including a complimentary Zen Credit Card. The account holders will be able to enjoy a lot of benefits like subscription to top lifestyle brands offering health and wellness, lifestyle, entertainment, and access to complimentary airport lounges.

It also offers preferential pricing on a range of lending needs across personal, home and vehicle loans. The account holders will also get the access to emergency funds via overdraft facility upto five times the salary limit and salary PayDay loan at good interest rates.