Kotak Mahindra Bank Introduces Solitaire for High-Net-Worth Families

Mumbai: In a bold move to cater to India's affluent households, Kotak Mahindra Bank has launched Solitaire, an exclusive, invitation-only banking initiative. This program is designed for families with a relationship value exceeding Rs 75 lakh for salaried individuals and Rs 1 crore for the self-employed, encompassing grouped family holdings.

Comprehensive Financial Privileges

Members of the Solitaire program can enjoy a suite of financial benefits, including access to alternative investments, home loan benefits, premium credit cards, and personalised wealth management services. Notably, the program allows for annual foreign investments up to $250,000 and outward remittances of up to $50,000.

Enhanced Banking and Investment Opportunities

The initiative also offers a pre-approved credit line of up to Rs 25 lakh, with interest charged only on the amount utilised. Additionally, members have access to Kotak Life Insurance plans and a dedicated relationship manager for personalised assistance.

Eligibility and Membership

Eligibility for Kotak Solitaire is by invitation, based on the individual or family's overall Relationship Value with the bank. This includes various financial holdings and can be aggregated across family members. Membership status is reviewed every six months, with benefits subject to maintaining the required Relationship Value.