How To Add Beneficiary in Kotak Bank for Money Transfer

Kotak Mahindra Bank customers can add and activate Beneficiary using net banking and mobile banking. Once you register a beneficiary, all transfer types (NEFT, RTGS & IMPS or Kotak-to-Kotak transfer) will be automatically activated.

You can now do One Time Fund Transfer (IMPS, NEFT or to another Kotak account) without adding a beneficiary. To complete the transaction, you will be required to enter One Time Password (OTP) which will be sent to your registered mobile number. Per day limit is Rs. 50,000.




Above 50,000 transfer, you need to add bank account as a  beneficiary first in your account, then you can transfer money to the added beneficiary account.

Here we will tell you how to add & activate beneficiary in Kotak Bank online.

Add Beneficiary in Kotak using Mobile Banking

Login to Kotak Mobile Banking App.

Tap and open Banking section & choose Add/Manage Beneficiary.




Add Beneficiary in Kotak

Next screen, tap on +Add.

Add Beneficiary in Kotak

Now select beneficiary Bank, enter IFSC code, enter Account number and name, you can also set a nickname, select account type (saving/current) and click on continue.




Add Beneficiary in Kotak

Next screen confirm your details and submit.

Add Beneficiary in Kotak

Now you will receive activation key on your registered mobile number to activate beneficiary instantly. Enter this key and click on Activate.

Add Beneficiary in Kotak




Done! you have successfully registered and activated beneficiary account. Now you can transfer money to the added beneficiary account using IMPS, NEFT and RTGS.

Register Beneficiary in Kotak Bank using Net Banking

Login to Internet Banking

Now click on Payment/Transfer. Click and open Beneficiaries and choose Add a new Beneficiary.

Add Beneficiary in Kotak

Next screen select beneficiary Bank, enter IFSC code, enter the Account number, type person name and set the nickname, select account type and click on continue.



Add Beneficiary in Kotak

Now confirm your entered details and submit.

Add Beneficiary in Kotak

Next screen you need to activate this beneficiary by entering the activation key which received on your registered mobile number. Enter the activation key and click on Activate now.

Add Beneficiary in Kotak

After entering the activation key your beneficiary will be registered and activated. Now you are ready to transfer money to the added beneficiary account.

So this is how to add a beneficiary in Kotak Bank account using mobile banking and net banking.

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