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Downgrade kotak privy league platinum account

ramandeep

TF Premier
I am currently holding kotak salary privy league platinum account, and now my company decided to shift salary account to another bank. So I want to downgrade my kotak account as can't mantain privy league balance. So can you tell me which is better account to downgrade with 10k balance and is there any way to get debit card lifetime free either virtual or physical. Also is debit card necessary to use kotak services or can all services can be used without debit card especially for upi n online transaction n password reset services?
 
Also is debit card necessary to use kotak services or can all services can be used without debit card especially for upi n online transaction n password reset services?

I'm using 811 account for the past 2 years and haven't felt the need to use debit card. They give you a virtual card in the app itself. If you want to withdraw cash, you can also do that without a physical debit card.
 
They will auto downgrade your account, else enjoy the benefits.

Do not do yourself. There is no AMC charges, so do not worry.
I found about kotak classic account with 10k balance and free classic debit card.. but also read somewhere that its available for semi urban and rural areas only. Is it true,?
 
I found about kotak classic account with 10k balance and free classic debit card.. but also read somewhere that its available for semi urban and rural areas only. Is it true,?
Now in Kotak, If you want to open any kind of account, you would have to visit the nearest branch.
So better check there.
I got to know from my ex Kotak RM who left Kotak after this fiasco, that they even have stopped opening accounts offline. Their software has some major glitch and not able to sustain the huge number of customers they have right now.
 
Now in Kotak, If you want to open any kind of account, you would have to visit the nearest branch.
So better check there.
I got to know from my ex Kotak RM who left Kotak after this fiasco, that they even have stopped opening accounts offline. Their software has some major glitch and not able to sustain the huge number of customers they have right now.
I don't want to open new account just downgrade it to classic
 
I don't want to open new account just downgrade it to classic
You are a privy customer just dial 1800 266 6666 directly from your registered mobile. They will connect your call directly without long hold on IVR.
They will answer your all questions.
Kotak is going through a tough time and they might not able to provide all services digitally. Just try the phone call. it would hardly take 2 mins.
 
Is Kotak strict with its eligibility criteria and salary credit notifications?

If not, then as other members pointed out, no need to downgrade from your end.
Let them notify you of any downgrade if they want to do. That way you can just ask them to downgrade to whatever account you want.
Go ahead if you wish otherwise.


I had pointed out some things about salary account earlier, take a look at it if you want.
For now, since this year only Axis have been started to downgrade salary account as per their rules, other banks are flexible maybe because their system is not that robust.



 
I am currently holding kotak salary privy league platinum account, and now my company decided to shift salary account to another bank. So I want to downgrade my kotak account as can't mantain privy league balance. So can you tell me which is better account to downgrade with 10k balance and is there any way to get debit card lifetime free either virtual or physical. Also is debit card necessary to use kotak services or can all services can be used without debit card especially for upi n online transaction n password reset services?
You can look for edge account which require 10K MAB..
You dont need to have DC to access net/mobile banking and do the transactions like NEFT.
As other folks have suggested.. wait for auto downgrade and then look for conversion to edge variant and without DC.
 
You can look for edge account which require 10K MAB..
You dont need to have DC to access net/mobile banking and do the transactions like NEFT.
As other folks have suggested.. wait for auto downgrade and then look for conversion to edge variant and without DC.
How edge is better than classic? I see classic has free debit card
 
You have some good choices when they do decide to downgrade your salary account to a Savings account:

- Kotak Solo account (0 balance account) with chargeable Visa Classic debit card
- Kotak Pro account (20K MAB) with free no charge Visa Classic debit card
- Kotak Everyday Savings account (15K MAB) with FYF RuPay Platinum debit card (20% off on Amazon on bills, 20% on Swiggy, 30% on EazyDiner), 20% on BookMyShow

These are all available in Urban/Metro location because I've had these at various points of time (account was converted between these various schemes until I realized Everyday account was worth the benefits)
 
You have some good choices when they do decide to downgrade your salary account to a Savings account:

- Kotak Solo account (0 balance account) with chargeable Visa Classic debit card
- Kotak Pro account (20K MAB) with free no charge Visa Classic debit card
- Kotak Everyday Savings account (15K MAB) with FYF RuPay Platinum debit card (20% off on Amazon on bills, 20% on Swiggy, 30% on EazyDiner), 20% on BookMyShow

These are all available in Urban/Metro location because I've had these at various points of time (account was converted between these various schemes until I realized Everyday account was worth the benefits)
Pro account has been discontinued.
 
It is better to downgrade yourself if you are not maintaining relationship..Reason being they will charge heavy fees for you using benefits...Example, if you have privy black debit card and not maintaining RV of 1 Cr then they will charge Rs 5000+GST towards debit card fees automatically.
 
Pro account has been discontinued.
Since when - ask them please? I just got Everyday Savings account scheme changed to Pro savings account right before RBI ban. And then even got the free Classic DC issued on it. There were no issuance charges taken for it. Or maybe Pro account is discontinue for new account opening (since RBI ban)
 
Since when - ask them please? I just got Everyday Savings account scheme changed to Pro savings account right before RBI ban. And then even got the free Classic DC issued on it. There were no issuance charges taken for it. Or maybe Pro account is discontinue for new account opening (since RBI ban)
Existing customers can upgrade and those who already had can keep it. See the screenshot.

Its clearly mentioned on their site "Please note these account variants are no longer available for new account opening"
Pro Savings Account
 

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