Kotak MoneyWatch is a white labeled solution offered by Kotak Mahindra Bank to its customer for Personal Finance management. This Personal Finance tool is powered by Perfios Solution. A link of the Perfios Solutions website will be given on Kotak Mahindra Bank website. Customer will have to click on this link and register for usage of this tool. Currently only Platinum service is being offered and Kotak customers will be able to enjoy this Free of cost till March 2013. Post March 2013, the standard service will be made available and hence Kotak customers who have availed the Platinum services will be downgraded to Standard Perfios user, which can be upgraded by paying a discounted cost.

Benefits

Kotak MoneyWatch offers a 360 degree view of ones personal finance in an automated way. The tool also helps in tracking, monitoring and managing finance with very little manual intervention. EASY CONSOLIDATION The tools can add all the financial relationships such as bank accounts, fixed deposits, insurances, ULIPs, gold, mutual funds, PPF, credit cards, loans, equities etc. so as to give a complete picture of all finances at one glance. EASY INTELLIGENCE Simple upload of e-statements to the site, and MoneyWatch will automatically pull out all financial data, to update the records. EASY ANALYSIS Various transactions are auto-categorized so as to ascertain a variety of analysis on the spending patterns, Capital Gains, Profit and Loss reports, etc. EASY TAX The Income Tax Wizard helps in Income Tax computation and Tax Filing automatically from the stored data. It can generate various reports such as Balance Sheet, AIR, Cash Flow Statements and Capital Gain Reports. EASY BILLING Add various billers such as telephone, electricity, gas, internet, etc. MoneyWatch sends alerts so due date is not missed EASY STORAGE Important financial documents like PAN Card, Form 16, Tax Returns, etc. can be securely stored for easy retrieval and access from anywhere, anytime. EASY PLANNING Track the movement of various investments, so as to know their performance over various time periods. The patterns thus revealed will help to have a better control over personal finances of self as well as that of the entire family. EASY ACCESS You can access MoneyWatch from a computer, laptop, tablet or smartphone, no matter where you are.

Salient Features

1) Steps to Register:

Customer has to Signup for Kotak MoneyWatch using his/her email id. He/she can visit http://www.kotakmoneywatch.com to Sign-up for Kotak MoneyWatch. The registration for Kotak MoneyWatch is done for Platinum service offered by Perfios. Platinum service is free only upto March 2013. Post March 2013, the user will be converted to Standard Perfios user.

2) Benefits of Platinum Services are as follows: Unlimited number of accounts, auto updates, statement uploads and e-mail forwarding, number of accounts that can be shared to other Perfios users, SMS alerts and reminders, document storage. Automatic handling that includes Equity Bonus, Dividents, Split etc. Reports in different formats, Windows-only smart update tool, Perfios mobile, export data, Income Tax Wizard, No ads, Password back-up and reports among others.

3) Login to Kotak MoneyWatch:

Customer to login from http://www.kotakmoneywatch.com. Customers to login with their email id & password. In case the customer faces any issue, he can write down an email to kotak@perfios.com for all his queries.

4) Linking of accounts/uploading data:

The rest is here:
Kotak MoneyWatch (Your One Stop for Personal Finance Management)