Direct Debit is a unique, paperless, completely online remittance facility. It uses the Automated Clearing House (ACH) platform. It is faster and can be executed with just a few clicks.
Features & Benefits
After activating your account, all you have to do is initiate the remittance and we take care of the rest.
- Free remittances into Kotak Mahindra Bank Account.
- A Demand Draft for as little as USD 2.5
- Attractive Exchange rates.
- Fast mode of remittance.
- Get funds in your Kotak Mahindra Bank Account within 5working days*
- Demand Drafts will be delivered in 3 working days*
*5 working days after instructions have been received by us. Working days- not including Saturdays, Sundays and Public Holidays in both countries.
*3 days after receipt of funds at Kotak Mahindra Bank for Metros and Non-Metros (not including Saturdays, Sundays and Public Holidays).
- Complete bank to bank transaction.
- Track the status of the remittance.
- The Demand Draft is made payable in 351 locations across India and also to the specific Bank account of the Beneficiary.
How does it work?