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Kotak Mahindra Bank partners IIT Madras to Launch “Kotak IITM Save Energy Mission”

Kotak Mahindra Bank partners IIT Madras to Launch “Kotak IITM Save Energy Mission” – Kotak Mahindra Bank Limited (“KMBL/ “Kotak”) has partnered with the Indian Institute of TechnologyMadras (IITM) to launch the Kotak IITM Save Energy Mission, which was inaugurated by Dharmendra Pradhan at the IITM Campus, Chennai on 19th September 2022.

  • KMBL and IITM will establish five centres across India to promote energy efficiency for the Micro, Small and Medium Enterprises (MSME) sector under Kotak’s CSR Project on the Environment and Sustainable Development.
  • Kotak IITM Save Energy Mission will offer assistance and training to MSMEs for periodic audits.
  • It will act as an online platform in order to maintain the entire database on the energy audits conducted.

KMBL Launches Everyday Savings Account

  • Personal sector Kotak Mahindra Financial institution (KMBL) launched a special type of Everyday Savings Account (Daily Savings Account).
  • Everyday Savings Account aims to help customers in spending and saving every day.
  • customers can make 30 transactions of any value in a month and the monthly amount can be waived off maintenance charges or can choose to maintain an average monthly amount of Rs 20,000.
  • It also includes a power-packed Everyday RuPay Platinum Debit Card.
  • Everyday Savings Account (Daily Savings Account) will help customers to avail every day offers on popular brands such as Mitra, Swiggy, One MG, MakeMyTrip, and Licious on general categories like groceries, medicines, apparel, food delivery, and travel.

About Kotak Mahindra Bank Limited

  • It was established in 1985 and In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking licence from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd.

About IIT Madras

  • Indian Institute of Technology Madras (IITM) was founded in the year 1959 by the Government of India as an ‘Institute of National Importance.’
  • The Institute offers undergraduate and postgraduate programmes leading to B.Tech., M.Sc., M.B.A., M.Tech., M.S., and PhD, degrees in a variety of specialisations.

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