Hi Everyone!
Kotak Mahindra Bank cancelled my Secured Credit card without my consent.
To give you context let me explain. I had Kotak Dream 811 (previously known as Kotak Aqua) credit card from November 2019. The was a secured card with a limit of Rs. 25,000.00, which is marked as lien on an Fixed Deposit of Rs. 30,000.00 This was my first credit card.
In December 2019, I requested and received Add-on Credit Card for my brother.
Now, fast forward to 2024, the limit was increased to Rs. 1.80 Lakhs even the card was secured against a FD of Rs. 30K.
In Aug. & Sep. 24, At the renewal time, I have received two separate SMS for renewal, which specific card number & expiry month.
I have decided not to renew the add-on card which was supposed to be renew in December 2024 and hence clicked on the link mentioned in SMS to Opt-out of the renewal. I never expressed a consent to cancel the primary card, which was supposed to be renewed in November 2024.
On 29/11/2024, the Add-On Credit Card was disappeared from the mobile app. But to my surprise, on 30/11/2024, my Primary credit card also disappeared from the app. I also received an SMS that credit card is closed and Fixed Deposit on that card will continue.
As I had received two separate SMS specifying the card numbers, I was unable to understand why the primary credit card was cancelled? There was no information in SMS and on the webpage that SPECIFICALLY mention that cancellation of add-on credit card will lead to cancellation of Primary credit card. I have also not taken the screenshot of the webpage at the time of opting out renewal.
Hence, I raised a grievance on X (twitter) and via email to provide the reason and details of cancellation.
Soon after this, I received calls from Kotak Mahindra Bank. One call was due to social media post and another was due to email. On both calls, the bank asked for time to internally check the issue.
On 02/12/2024, I received a e-mail from Bank stating that "we would like to inform you that the add-on card is linked with the primary card hence any changes done on the add-on card will be applicable for primary card also. We wish to inform you that your Kotak credit card ending with 7691 and 0272 stands cancelled and the same was cancelled on 29/11/2024 and as on date there is no outstanding on your Kotak credit card. No due certificates are issue only to Loan accounts, as a Bank we do not issue NOC to credit card customers".
Hence, I again requested and replied to bank on 03.12.2024 via email to provide me with the exact details showing the date and time when I had requested cancellations of PRIMARY CREDIT CARD. I also posted & DM’d the same on X (twitter) to bank.
I never asked about CIBIL reporting, No Due Certificate etc., in my previous and this email.
On 05.12.2024, I received a call from Kotak Bank and, they now told me that credit card was "Upgraded" with a new card number. I also received an email soon after the call stating that "As per our telephonic conversation, we wish to inform you that only add on card is cancelled in the system and primary card is upgraded with card number XXX18. We wish to inform you that once the card gets expired the same shall auto renewed of your new credit and will be delivered to your registered mailing address."
I asked why no communication was done prior to the "Said Upgrade" and why was the "Upgraded Card" is issued (in Dec 24) only after expiry of previous card (Nov 24). Bank was clueless about all these questions.
I also did not want to fight with the bank as the new card was issued. On 06.12.2024 within one day, the new credit card was delivered to me.
But to my surprised, the Lien on the fixed deposit was removed, and full value of fixed deposit (30K with interest) is visible in the mobile app. Previously, it was always showing less by Rs. 25K.
Now, on 14.12.2024, I received the following SMS "Your Kotak Bank Credit Card x5618 is blocked due to Bank's internal policy. We regret any inconvenience caused."
After this, the card was disappeared from the mobile app, and I have again taken the email and X (twitter) route to discuss the card blockage. On the same day, I received the call and email from bank "As per our telephonic conversation, regret to mention your credit card XXX18 is block on basis of bank internal checks. Regret to mention that we cannot activate the same."
How to proceed with this now? Should I contact Nodal Officer or RBIO?
Kotak Mahindra Bank cancelled my Secured Credit card without my consent.
To give you context let me explain. I had Kotak Dream 811 (previously known as Kotak Aqua) credit card from November 2019. The was a secured card with a limit of Rs. 25,000.00, which is marked as lien on an Fixed Deposit of Rs. 30,000.00 This was my first credit card.
In December 2019, I requested and received Add-on Credit Card for my brother.
Now, fast forward to 2024, the limit was increased to Rs. 1.80 Lakhs even the card was secured against a FD of Rs. 30K.
In Aug. & Sep. 24, At the renewal time, I have received two separate SMS for renewal, which specific card number & expiry month.
I have decided not to renew the add-on card which was supposed to be renew in December 2024 and hence clicked on the link mentioned in SMS to Opt-out of the renewal. I never expressed a consent to cancel the primary card, which was supposed to be renewed in November 2024.
On 29/11/2024, the Add-On Credit Card was disappeared from the mobile app. But to my surprise, on 30/11/2024, my Primary credit card also disappeared from the app. I also received an SMS that credit card is closed and Fixed Deposit on that card will continue.
As I had received two separate SMS specifying the card numbers, I was unable to understand why the primary credit card was cancelled? There was no information in SMS and on the webpage that SPECIFICALLY mention that cancellation of add-on credit card will lead to cancellation of Primary credit card. I have also not taken the screenshot of the webpage at the time of opting out renewal.
Hence, I raised a grievance on X (twitter) and via email to provide the reason and details of cancellation.
Soon after this, I received calls from Kotak Mahindra Bank. One call was due to social media post and another was due to email. On both calls, the bank asked for time to internally check the issue.
On 02/12/2024, I received a e-mail from Bank stating that "we would like to inform you that the add-on card is linked with the primary card hence any changes done on the add-on card will be applicable for primary card also. We wish to inform you that your Kotak credit card ending with 7691 and 0272 stands cancelled and the same was cancelled on 29/11/2024 and as on date there is no outstanding on your Kotak credit card. No due certificates are issue only to Loan accounts, as a Bank we do not issue NOC to credit card customers".
Hence, I again requested and replied to bank on 03.12.2024 via email to provide me with the exact details showing the date and time when I had requested cancellations of PRIMARY CREDIT CARD. I also posted & DM’d the same on X (twitter) to bank.
I never asked about CIBIL reporting, No Due Certificate etc., in my previous and this email.
On 05.12.2024, I received a call from Kotak Bank and, they now told me that credit card was "Upgraded" with a new card number. I also received an email soon after the call stating that "As per our telephonic conversation, we wish to inform you that only add on card is cancelled in the system and primary card is upgraded with card number XXX18. We wish to inform you that once the card gets expired the same shall auto renewed of your new credit and will be delivered to your registered mailing address."
I asked why no communication was done prior to the "Said Upgrade" and why was the "Upgraded Card" is issued (in Dec 24) only after expiry of previous card (Nov 24). Bank was clueless about all these questions.
I also did not want to fight with the bank as the new card was issued. On 06.12.2024 within one day, the new credit card was delivered to me.
But to my surprised, the Lien on the fixed deposit was removed, and full value of fixed deposit (30K with interest) is visible in the mobile app. Previously, it was always showing less by Rs. 25K.
Now, on 14.12.2024, I received the following SMS "Your Kotak Bank Credit Card x5618 is blocked due to Bank's internal policy. We regret any inconvenience caused."
After this, the card was disappeared from the mobile app, and I have again taken the email and X (twitter) route to discuss the card blockage. On the same day, I received the call and email from bank "As per our telephonic conversation, regret to mention your credit card XXX18 is block on basis of bank internal checks. Regret to mention that we cannot activate the same."
How to proceed with this now? Should I contact Nodal Officer or RBIO?
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