Kotak Bank "811 Super Savings Account" Benefits - Important Update 🚨 🚨

[RAHUL GOYAL]

bhai koi naya trick batao kya hai CB ka aaj last day hai

 

[6ix9ine]

Bhai accha hua mera account freeze krr diya iss **** bank ne 500 rupee to cashback denge usme bhi duniya bhr ke natak abb end mein Jake ke bolenge ki we are now discounting our cashback criteria all customer initiated transactions shall not be eligible for 5% cb..isse accha to axis Bank h nautanki krta h lakin cashback to time pe deta itna *** rona nahi h unka bhale kabhi kabhi invoice mang le.

Bhai agar tumhara account freezed hai toh phir cashback bhi nhi milega, unhone already likha hua hai yeh point.

"16. Cashback cannot be processed if the account is frozen."

Mumbai court jao 500 rupee lene.

 

[Divyansh1]

@6ix9ine abb bolo bhai keh rahe thee ki wallet reload krne se bnd kr diya account mera iss bank ki aise h harkate h...

 

[6ix9ine]

@6ix9ine abb bolo bhai keh rahe thee ki wallet reload krne se bnd kr diya account mera iss bank ki aise h harkate h...

Tabhi toh RBI ne bamboo kiya tha brother

 

[Divyansh1]

Bhai agar tumhara account freezed hai toh phir cashback bhi nhi milega, unhone already likha hua hai yeh point.

"16. Cashback cannot be processed if the account is frozen."

Mumbai court jao 500 rupee lene.

Maa**** cashback inka kotak ko mujhse jyada cashback ki jarurat h

1000 rupee soch lunga un pookie kotak female employee's ko dediya jinhone itne pyar se bola ki transaction mismatch.....kotak ne itna accha trian kiya hua h jhut bolne ko kotak ki training ke nam 💸💸💸

 

[6ix9ine]

bhai koi naya trick batao kya hai CB ka aaj last day hai

 

[Lynx]

Lol bhai mene to 1 bhi transaction nahi kiya(card hi deliver nahi hua) 300 alag le liya.

Ch*d gaye guru🤡

 

[Divyansh1]

Lol bhai mene to 1 bhi transaction nahi kiya(card hi deliver nahi hua) 300 alag le liya.

Ch*d gaye guru🤡

Bhai daba ke abuse karo sari tricks bata raha hun
Offline jao kisi ek pos vendor se setting bana lo 65-90 rupees Katte h syd mdr ke 100 merchant ko dedo baki 400 ka profit.

 

[SSquad]

Fell right into the trap!

Bank observed that certain merchants do not use right MCCs while posting a transaction leading to ambiguity. As a remedial action Bank will now also scan narration of the transactions to evaluate cashback eligibility. Transaction narrations related to credit card, wallet load, fund transfer, gift cards, platforms like AmazonPay, Canara Setu etc. and other similar keywords in narration can be construed by Bank for not giving cashback. Decision of Bank on this shall remain final.

 

[vasanth_ece]

If they change the terms and conditions at their own will without informing the customers, the complete trust is gone.

Now, giving cashback to clients is at their will.

Kotak here is trying to do investigation service here instead of banking..

How many transaction they will narrate manually..

Seems they are desperate.. For giving 500 they are doing so much of hassles.

 

[6ix9ine]

 

[MrJJ]

Also another update: NPCI created new MCC 5413 for credit card bill payments. Slowly all the merchants will be shifted to this. So the end is almost here.

One thing is clear that some of their staff members are lurking in our forums. Only one solution now, keep the trick you know to yourself, no need to do public service anymore. Find your own trick and use it.

I think it's now time to close this thread. Adios...

 

[guest_123]

Your friend is as clueless as you are. I've received cashback from amazon many times for GV purchases. The key is the mcc code. your friend probably got wrong mcc, which is why he didn’t get any cashback. The same applies to every bank.

Doesn't this mean everyone is clueless in this regard because nobody knows in advance what mcc they will get on any txn done via a kotak card so it all comes down to luck? At least in some other banks (like hdfc) one can do a test txn & know mcc.

Ultimately, no one knows what will happen in the future. Anything you or I say is just a conclusion based on our own perspective, not the bank's.

This is correct with a slight modification. Nobody knows what exactly happened in the past either when somebody didn't get the cb on gv purchase. Maybe kotak got wrong mcc or maybe kotak denied cb because GV purchase was involved.

 

[Divyansh1]

Also another update: NPCI created new MCC 5413 for credit card bill payments. Slowly all the merchants will be shifted to this. So the end is almost here.

One thing is clear that some of their staff members are lurking in our forums. Only one solution now, keep the trick you know to yourself, no need to do public service anymore. Find your own trick and use it.

I think it's now time to close this thread. Adios...

+1 people already doing this

 

[kuchbhikuchbhi is verified member.]

Bank reserves the right to not issue Chequebook to customers having abusive behavior.

I like it

 

[2025]

Also another update: NPCI created new MCC 5413 for credit card bill payments. Slowly all the merchants will be shifted to this. So the end is almost here.

One thing is clear that some of their staff members are lurking in our forums. Only one solution now, keep the trick you know to yourself, no need to do public service anymore. Find your own trick and use it.

I think it's now time to close this thread. Adios...

5413? Why?
How does Visa/MC classify them in US and elsewhere? Any reference?

 

[pinki]

Me after reading all this

 

[guest_123]

5413? Why?

Maybe to prevent (mis)use of rupay cc/cc linked upi txns as anything involving rupay cards use mcc defined by NPCI network on a preferential basis I guess so in case a merchant having cc bill payment option has a non-5413 mcc on visa/mastercard but on NPCI network it has 5413 then rupay cards will treat any txns done on that merchant as "cc bill payments".

How does Visa/MC classify them in US and elsewhere? Any reference?

They are classified under MCC 6012.

 

[6ix9ine]

Doesn't this mean everyone is clueless in this regard because nobody knows in advance what mcc they will get on any txn done via a kotak card so it all comes down to luck? At least in some other banks (like hdfc) one can do a test txn & know mcc.

Absolutely not. When you do a test transaction on amazon, you can figure out the mcc by checking the merchant name.

Mcc is same for everyone, regardless of the bank, because it's assigned by the payment network (visa/mc) for DC/CC

But, there are exceptions like HDFC swiggy, they exclude it from their (hdfc) end and clearly mentioned it.

This is correct with a slight modification. Nobody knows what exactly happened in the past either when somebody didn't get the cb on gv purchase. Maybe kotak got wrong mcc or maybe kotak denied cb because GV purchase was involved.

Fault is with the amazon, not kotak. Amazon tagged the wrong mcc in your friends case, which results in no cashback. For those familiar with merchant names, it's quite easy to figure out the correct mcc by reading the merchant name.

Kotak didn't denied cb for gv purchase, not sure how many times I or everyone in this thread have to repeat that.

We were or are getting cb for gift cards, now what's gonna happen in future? We will see in the next payout cycle.

 

[guest_123]

Kotak didn't denied cb for gv purchase, not sure how many times I or everyone in this thread have to repeat that.

We were or are getting cb for gift cards, now what's gonna happen in future? We will see in the next payout cycle.

I only shared my friend's experience & let others decide based on that. Also, whenever I asked or seen posts here regarding getting cb on GV purchase all I saw was mention of maximize & kotak gyftr portal so I guess let's wait till next month cb to see if some here got cb for amazon GV purchase from amazon in this month.