CURRENT AFFAIRS

Detailed explanation-1: -Now, all you need is your beneficiary’s mobile number & you are all set to pay at ease with the all-new ‘Pay your Contact’ feature. This feature is available only on Kotak Mobile Banking App.

Detailed explanation-2: -ICICI Bank was the first bank to introduce internet banking facility in the country in order to enable individuals and corporates to transact online without visiting the branch. It was also the first bank to start mobile banking in the country.

Detailed explanation-3: -ICICI Bank launched the country’s first contactless mobile payment solution to enable its credit and debit customers to make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal.

Detailed explanation-4: -The company said that in select cases, the platform will also determine the best course of action by offering customized repayment plans or payment resolution options in line with the bank’s internal credit guidelines.

Detailed explanation-5: -Opt for Net Banking in Account Opening Form to get Payment Gateway Access. Log in to Net Banking on www.kotak.com and click on ‘Service Requests’ option post logging in and select Register for Payment Gateway. Once you register for Payment Gateway, the service will be activated only after 24 hours.