Kotak811 Savings Account, Kotak Mahindra Savings Account, How To Open Kotak811 Savings Account: Open a digital savings account in Kotak811 from anywhere, and anytime within 5 minutes. Kotak Mahindra Bank is an Indian new-age banking system that offers zero-balance digital savings accounts to people.
Kotak811 Digital Savings Account is a one-stop banking solution for hassle-free online transactions. Complete the KYC process with a fully digital and start using a savings account instantly. Manage your digital savings account with the help of the Kotak Mobile banking app and track your all transactions anytime in a single click.
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Contents
- 1 Types Of Kotak811 Savings Account
- 2 Features Of Kotak811 Savings Account
- 3 Documents Needed For Kotak Mahindra Savings Account
- 4 How To Open Kotak811 Savings Account
- 5 How To Get The Kotak811 Debit Card
- 6 Steps For Getting The Kotak811 Physical Debit Card
- 7 Kotak811 Savings Account Fees & Charges
- 8 FAQ About Kotak811 Savings Account
Types Of Kotak811 Savings Account
- Kotak811 Digital Savings Account: It is a digital zero-balance savings account you don’t need to maintain any AMB per month but many restrictions are also applied to this account.
- Kotak811 Edge Savings Account: To upgrade to Kotak811 Edge you have to maintain a ₹10,000 balance per month otherwise you have to pay a fine of 4% of the shortfall AMB.
Features Of Kotak811 Savings Account
- Earn up to 4% interest per annum on the deposited amount.
- Get discounts of up to 30% on BookMyShow & Eazydiner bookings.
- 1st year free Rupay Debit Card.
- Unlimited Free NEFT, IMPS, and UPI transactions.
- Zero Average Monthly Balance Savings Account.
- Free Virtual Debit Card with loaded offers.
- No paperwork is required.
- No hidden charges.
- Open your savings account within 5 minutes.
Documents Needed For Kotak Mahindra Savings Account
- PAN Card
- Aadhaar Card
- Mobile Number
- Email ID
- Live Selfie Image
How To Open Kotak811 Savings Account
- First, Visit the Kotak811 visit by clicking here.
- Then, Enter your mobile number, Email, and Pincode and click on the open now button.
- Then, Verify your Mobile Number with the OTP.
- Then, Enter your Aadhaar and PAN Card details and verify it with OTP.
- Now enter some personal details such as address, DOB, etc.
- Now create the MPIN of your account
- Now complete the video KYC process, Congratulation your account Vkyc is completed successfully.
- Now you can easily access your savings account by using the Kotak811 app.
How To Get The Kotak811 Debit Card
You easily access your virtual debit card through the Kotak811 app but if you want to book a physical Debit Card, you have to follow some steps to get the Kotak811 physical Debit Card.
Steps For Getting The Kotak811 Physical Debit Card
- First, Open the Kotak811 mobile banking app.
- Then, Login into your savings account.
- Then, Click on the Debit Card option.
- Then, You will get the option of applying for a physical Debit Card.
- Then, Click on it and enter the delivery address where you want to get delivered.
- Congratulations, you have successfully applied for a physical Debit Card you will get within 7 days.
Important Notice: You have to pay ₹299 +18% GST for this Physical Debit Card. Money is deducted from your Savings account after placing the Kotak811 Physical Debit Card order.
Kotak811 Savings Account Fees & Charges
| Kotak811 Savings Account | Fees & Charges |
| Average Maintenance Balance | Zero |
| Online Fund Transfer | IMPS/NEFT/UPI: Zero Charges |
| Offline Cash Transaction | Free up to 10,000/per month then you have to pay ₹4.5 per 1,000/transaction |
| Virtual Debit Card | Zero Charges |
| Physical Debit Card | ₹299 +18% GST Per Annum |
| Email Statement | Zero Charges |
| Physical Statement | ₹100/Per Request |
| Cheque Book | ₹3 Per Cheque |
FAQ About Kotak811 Savings Account
Is Kotak811 Zero Balance Savings Account?
Yes, It is a zero-balance savings account so you don’t need to maintain any amount of money to avoid penalty.
What Is Kotak811 Savings Account?
Kotak811 is a fully digital savings brought to you by Kotak Mahindra Bank. It means you need to visit any bank branch to open a savings account.
Is Kotak811 Debit Card Free?
Yes, the Kotak811 Virtual Debit card is free for a lifetime but if you want to place an order for the physical debit card you have to pay ₹299 +18% GST as insurance fees for a physical Debit Card.