Kotak Solitaire : New HNI Banking

[Zohaib]

Kotak Solitaire Banking

Invite only / private banking and launched recently!

• 75L Trv
• No charges
• Nappa Dori Equipments
• 7% Savings acc Annual interest
• Pre-approved 7.5cr Home loan
• 25L readily available credit line
• Concierge Relationship manager
• Metal debit credit card (debit feels plastic tho)
• and still counting.....
• The majority benefits are with credit card which is yet to arrive

original post was removed so adding img here

Hi @kuchbhi Does Mutual funds/Shares held in Kotak securities qualify for TRV requirement.

 

[kuchbhikuchbhi is verified member.]

Hi @kuchbhi Does Mutual funds/Shares held in Kotak securities qualify for TRV requirement.

don't know exactly yet but it must be the same as was before on their privy banking

 

[abhiaj_geek]

I went over the supposed reward rate of Solitaire cc.

Base: 3%
Accelerated for hotels/flights: 10%
Zero forex
Less exclusions

Lifestyle benefits:
Unlimited lounge
Itc offer

That sums it up, right? In terms of pure reward rate Axis Atlas isnt far behind then, no?

 

[Infinia]

Hi @kuchbhi Does Mutual funds/Shares held in Kotak securities qualify for TRV requirement.

Yes, as per the eligibility criteria (attached below) , up to 30% of month-end demand holdings with Kotak Securities are counted in the Relationship Value (RV), so they do qualify for TRV requirements.

 

[Zohaib]

Thanks @aakashgupta. This is very helpful.

Yes, as per the eligibility criteria (attached below) , up to 30% of month-end demand holdings with Kotak Securities are counted in the Relationship Value (RV), so they do qualify for TRV requirements.

View attachment 92969

 

[kuchbhikuchbhi is verified member.]

more images added

 

[Panthera_Tigris]

Just opened my Kotak Solitaire account today. It was very quick (no prior relationship with Kotak). BM and RM came home, I gave them the cheque and account opened in 2-3 hours.

But I can't seem to register without the debit card which will take some days to come.

 

[kuchbhikuchbhi is verified member.]

Just opened my Kotak Solitaire account today. It was very quick (no prior relationship with Kotak). BM and RM came home, I gave them the cheque and account opened in 2-3 hours.

But I can't seem to register without the debit card which will take some days to come.

initial funding total 75L?

 

[Infinia]

initial funding total 75L?

my RM also offered to open a fresh solitaire account with 10L cheque

 

[kuchbhikuchbhi is verified member.]

my RM also offered to open a fresh solitaire account with 10L cheque

but it will be downgraded if 75L not maintained right

(they are not like HDFC are they? 😁 )

 

[BVCBVC is verified member.]

initial funding total 75L?

No for account opening 10L IF is needed.

Later on 75L will be checked within 1 months time (AFAIK) as discussed with BM today. Not sure of how will the issue Solitaire CC.

 

[Kushagra_]

but it will be downgraded if 75L not maintained right

(they are not like HDFC are they? 😁 )

Hdfc toh khud hi nahi jaanta vo kya karta hai

 

[abhiaj_geek]

Just opened my Kotak Solitaire account today. It was very quick (no prior relationship with Kotak). BM and RM came home, I gave them the cheque and account opened in 2-3 hours.

But I can't seem to register without the debit card which will take some days to come.

Pokémon! Gotta catch them all.

 

[kuchbhikuchbhi is verified member.]

Pokémon! Gotta catch them all.

Who is that Pokémon!

 

[abhiaj_geek]

I got in contact with a kotak rep. He told me

1. Privy black doesn’t mean you can get solitaire
2. No solitaire with salary

That’s a bit disappointing.

 

[V360]

I got in contact with a kotak rep. He told me

1. Privy black doesn’t mean you can get solitaire
2. No solitaire with salary

That’s a bit disappointing.

1. Privy black doesn’t mean you can get solitaire - upgrade is applicable for NTB customers only now. New programs will come in the next few weeks
2. No solitaire with salary - this is also in launch phase and we will see salary account holders also getting an upgrade

 

[abhiaj_geek]

1. Privy black doesn’t mean you can get solitaire - upgrade is applicable for NTB customers only now. New programs will come in the next few weeks
2. No solitaire with salary - this is also in launch phase and we will see salary account holders also getting an upgrade

I misspoke a bit. I meant Privy black “corporate” customers who got privy black on salary basis arent eligible.

As of now solitaire isnt offered on salary basis, lets see what they unfold in future. I wouldnt be shifting my salary account for this though. It is a slightly upgraded Axis Atlas.

 

[S9100]

Most awaited card as of now

 

[Kushagra_]

I only have one question
Is the 7% actual savings interest or their activemoney bs thingy

 

[V360]

I misspoke a bit. I meant Privy black “corporate” customers who got privy black on salary basis arent eligible.

As of now solitaire isnt offered on salary basis, lets see what they unfold in future. I wouldnt be shifting my salary account for this though. It is a slightly upgraded Axis Atlas.

Update on salary account holders will come by this month end. I am meeting the BM this Thursday. Will share an update on the discussion.