KOTAK 811 ACCOUNT, HIGHEST INTEREST PAYING DIGITAL ACCOUNT
Use Kotak Mobile Banking App for digital banking, send and receive money through UPI, book train tickets on IRCTC, book flight tickets and hotels on Goibibo. Easily pay bills, transfer funds, shop on Flipkart, recharge your mobile or DTH, on the go! Kotak Bank App offers Net Banking, the smart way to easily monitor your finances. Download Now!
Kotak 811 Account, Highest Interest Paying Digital Account
Not a customer yet? Open Zero Balance Kotak 811 Account Online!
Use our app to open your own Kotak 811 Savings Account. You can open a digital savings account without stepping out of your home and with zero paperwork. Simply submit your Aadhaar number and PAN details to get started. Complete your Contactless KYC on Video Call!
• Zero Balance Account
• A free in-app virtual debit card
• Free Online Fund Transfer (UPI, IMPS, NEFT, RTGS)Opening a savings account online has never been easier!
Internet Banking SimplifiedExperience all the benefits of Net Banking at your fingertips. Here’s what you can do with the app:
• Easy access to banking
Manage all your financial transactions from your smartphone. Check your savings account balance, request a checkbook, open a fixed deposit, and more.
• transfer funds
Send and receive funds online through NEFT, IMPS and RTGS. Transfer funds instantly with BHIM UPI on Kotak Mobile Banking App.
• Manage credit/debit cards
Use the app to apply for a credit card, pay bills, generate a PIN, toggle your debit/credit card on/off and much more.
• Make quick mobile recharges, pay bills, and more
Pay bills anytime, anywhere with Kotak Mobile Banking App. Recharge your mobile and DTH subscription, and pay your utility bills with BillPay facility. You can also set up autopay so that you never miss a due date again.
• Track Investments
Buy and redeem mutual funds and keep track of your other investments with ease.
• Get Personal Loan
Get instant personal loans starting from ₹3,000 without any documents and interest rates as low as ₹1 in a day. Use it in case of emergency or as an advance salary loan.
• Book train tickets and flights
As a Kotak customer, you can use the app to book flights or hotel rooms through Goibibo, buy train tickets through IRCTC, book cabs or dive into Kemall to shop on Flipkart. can.
Experience reliable and fast mobile banking only with Kotak Mahindra 811 & Mobile Banking. Download the app today.
Also read 🤳 તમારા એકથી વધુ ફોટાઓને 📸 અલગ અલગ સ્ટાઈલમાં એક જ ફોટામાં કન્વર્ટ કરો.
get started
It is very easy to sign up on Kotak-811 and Mobile Banking App. Provide your Customer Relationship Number (CRN), Debit Card/Credit Card PIN and Net Banking Password. Our app will take you through a one-time activation process when you log in for the first time.
the protection
Kotak – 811 and Mobile Banking App is extremely secure. We value your privacy and account security and take immense pride in our digital banking services. Your data will not be shared with any third party without your consent.
permissions
Kotak – 811 and Mobile Banking App requires the following permissions from users:
• Contacts: To allow access to mobile numbers for Mobile/DTH recharge or IFSC/MMID sharing
• Location: For Branch/ATM Locator
• Photos/Media/Files/Camera: To access gallery and set image
• Phone: To contact customer service
• SMS: To auto-activate the device during activation process (SMS will be applicable for select customers and will be based on customer’s consent)
Kotak-811 and Mobile Banking App will access device-level optional data for credit risk assessment and decision making for better product offerings.
Example: If the savings account balance at the end of the day is Rs. 1,50,000, then Rs. 1,00,000 will earn an interest of 3.50% per annum. and Rs. 50,000 (if balance exceeds Rs. 1,00,000) will attract interest @ 4.00% p.a.
Can I hold my account jointly with any other applicant?
Unfortunately, Kotak 811 account is for one user only, and cannot be held jointly.
can i save my application and continue it later
Yes absolutely! All the information you enter is regularly backed up on our servers. You can quit the app or close it at any time. When you return, you can resume where you left off.
How do I start using the Mobile Banking app once my account is activated?
Once your account is activated, you can log in to the Mobile Banking App by entering your CRN and MPIN during the account opening process.
Also read 🔹 ઘરેબેઠા તમારુ ડુપ્લિકેટ ડ્રાઇવિંગ લાઇસન્સ ઓનલાઈન ડાઉનલોડ કરો.
What’s new:
• Sending money to anyone is now easier! Introducing the ‘Pay Your Contact’ feature on the app. Now send money to your phone contacts no matter what payment app or bank they are using
• Speed and stability matter, so we’ve refined it further to give you a better banking experience
811 is a savings account offered by Kotak Mahindra Bank which comes packed with a number of unique banking features. The name of this account is inspired by the demonetisation move taken by the Prime Minister of India – Mr. Narendra Modi on November 8, 2016.
| Kotak 811 Limited KYC | Features |
|---|---|
| Minimum Balance Requirement | Zero Balance Savings Account |
| Physical and Virtual Debit Card | Free virtual debit card Rs. 199 will be charged per annum for physical debit card |
| Rate of Interest | 4.50% p.a.* |
| Validity from the date of opening | 12 months |
Kotak 811 Interest Rates, 2023
| 811 Account Balance | Rate of Interest |
| Balance up to Rs. 50 lakh | 3.50% p.a. |
| Balance above Rs. 50 lakh | 4.00% p.a. |
Note: The above-mentioned rates are updated as on 5th June 2023.
Types of Kotak 811 Savings Account
Following are the 811 variants offered by Kotak Mahindra Bank:
| Types of Kotak 811 Savings Account | Primary Features |
| Kotak 811 Limited KYC | Zero Balance Savings AccountValidity is 12 months (from the date of account opening) |
| Kotak 811 Lite | No hassles of maintaining the minimum balance12 months validity (from the date of account opening) |
| Kotak 811 Full KYC Account | No minimum balance requirementCheque book on request |
| Kotak 811 Edge | Rs. 10000 is average monthly balance requirementCheque book facility |
1. Kotak 811 Limited KYC
| Kotak 811 Limited KYC | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Physical and Virtual Debit Card | Free virtual debit cardRs. 199 will be charged per annum for physical debit card |
| Rate of Interest | 4.50% p.a.* |
| Validity from the date of opening | 12 months |
| Online Transfers | Free IMPS and NEFT |
*4% per annum interest on balances over Rs.1 lakh and 3.50% p.a. interest on a savings account balance up to Rs. 1 lakh.
2. Kotak 811 Lite
| Kotak 811 Lite | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Physical and Virtual Debit Card | No physical and virtual cards available |
| Cumulative credits allowed | Rs. 10,000 in a calendar monthRs. 1,00,000 in a financial year |
| Validity from the date of opening | 12 months |
| Verification | Mobile Number based |
3. Kotak 811 Full KYC Account
| Kotak 811 Full KYC Account | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Physical and Virtual Debit Card | No charges for virtual debit cardRs. 199 will be levied for a physical debit card |
| Online Transfers | Free NEFT, RTGS and IMPS |
| Cheque Book | A cheque book will be issued by the bank on the request |
| Rate of Interest | 4% p.a.* |
*4% per annum interest on balances over Rs.1 lakh and 3.50% p.a. interest on a savings account balance up to Rs. 1 lakh
4. Kotak 811 Edge
| Kotak 811 EDGE | Features |
| Minimum Balance Requirement | Rs. 10000 |
| Physical and Virtual Debit Card | Platinum Debit Card (Rs. 150 p.a.) |
| Online Transfers | Free IMPS, NEFT and RTGS |
| Cheque Book | By default |
| Rate of Interest | 4% p.a. |
*4% per annum interest on balances over Rs.1 lakh and 3.50% p.a. interest on a savings account balance up to Rs. 1 lakh.
Categorisation of Kotak 811 Variants
The above said categorisation of the Kotak 811 depends on the on-board journey of an applicant’s account. Look at the following to understand:
- You will be able to enjoy the benefits of 811 KYC Account when you complete the full KYC in-person verification process.
- You will get the benefits and features of 811 Limited KYC Account when you are not able to complete the in-person KYC verification with the bank’s representative.
- You will get the features and benefits of 811 Lite Account if you did not receive OTP after entering the Aadhaar card number or did not have Aadhaar card details to authenticate that time.
- To avail the best banking features of 811 Full KYC Account, complete the verification process by visiting the nearest branch.
More Features and Benefits of Kotak 811
Kotak Mahindra Bank 811 is a full-service and digital banking network available on mobile phones. Here are some key features of this product:
- Instant opening and activation of the account
- Just scan and pay bills, etc.
- Earn interest on your savings per annum
- Auto Sweep Facility
- Enjoy every day special offers and discounts on travel, shopping, entertainment, etc.
Eligibility Criteria for Kotak 811
The bank does not follow any strict criteria for this digital account. However, an applicant must meet the below prerequisite to be eligible for this account:
- An applicant who wants to open Kotak 811 should be a resident of India.
- The age of the applicant must be 18 years or above.
Documents Required for Kotak 811
Following are the essential documents that have to be submitted by the applicant to apply for the Kotak 811 digital savings account:
- Aadhaar card
- PAN card
How to Open Kotak 811 Digital Account?
Being a digital savings account, the entire process will be online. Look at the following easy and essential steps:
Step 1: Visit Paisabazaar.com and click on ‘Savings Account’
Step 2: In the second step, fill a Savings Account form on Paisabazaar with required personal data like annual income range, name, email id, contact number, city and annual income range. Once submitted the Savings Account tool automatically will furnish personalized Savings Account options.
Step 2: In the second step, you can compare various Savings Account options offered by the tool interface and apply for the Kotak 811 Savings Account. You will be redirected to Kotak Mahindra Bank website. There you will be required to provide your basic and personal details to open your bank account in no time.