I'd opened a savings account with Kotak mahindra bank in Feb'08 and at the time I was told that this will be a lifetime Zero balance account (This was the reason I'd opened this account otherwise I would've not) but later they have changed my account status to minimum 20000Rs balance account one sided because of which they started deducting low balance fees from my account and finally I lost 4060Rs to their unethical business practice.

I came to know from my friends that as there're no checks or regulations on banks; Banks use it to lure customers to open account with them and once customer is in they do things on their wish.

I would like to know if there is a way I can get this money back from Kotak mahindra as I'd closed my account with them already after paying the charges. I'm disappointed and feel like being cheated by them.

Jai Hind :-)

Regards
Manish