Open your Zero Balance Online bank account ( 5mins only )

Kotak Mahindra Bank 811 Savings Account

Open a bank savings account in 5 minutes with Kotak 811. 811 is a zero balance bank savings account offered by Kotak Mahindra Bank. This savings account was inspired by the government’s decision to demonetise high value currency notes last year on 8th November. In a bid to transform the Indian economy into a cashless one, Kotak Mahindra Bank launched 811, a full-service digital banking system on your mobile. Kotak 811 account is for single users. Joint accounts cannot be opened with Kotak 811

Eligibility :

You must meet the following eligibility criteria to apply for Kotak Mahindra Bank 811 Savings Account:
  • Applicant must be minimum 18 years old or above.
  • Applicant must be a citizen of India.
  • Applicant must be a new customer of Kotak Mahindra Bank.

Requirement : 

  • PAN Card
  • Aadhaar Card ( registered number )

How to Open Kotak 811 Savings Account?

  • Click here and install Kotak Mahindra App
  • Register using your Aadhaar number, PAN, and other personal details.
  • Set up a mobile banking PIN.
  • Start using your account immediately.

Features and Benefits of 811 Savings Account

Listed below are the various features and benefits of Kotak Mahindra Bank 811 savings account:
  • Zero minimum balance requirement.
  • Zero charge for digital transactions.
  • Earn a maximum of 6% p.a. on balance over Rs.1 lakh to maximum Rs.5 crores.
  • Earn a maximum of 5% p.a. on balance up to Rs.1 lakh.
  • Earn a maximum of 5.5% p.a. on balance above Rs.5 crores.
  • Instant account opening with Aadhaar card and PAN card details.
  • Online shopping can be done using this account as a virtual debit card.
  • Using Scan & Pay, you can make payments for in-store purchases.
  • Free IMPS, RTGS, and NEFT features for money transfer through NetBanking and mobile banking.
  • Using app in app features via mStore, you can book movie tickets (through PVR), shop online (via Flipkart), and book flight tickets (through goibibo).

Fees and Charges

Listed below are the fees and charges applicable to Kotak Mahindra Bank 811 Savings Account:
Classic Debit Card Annual FeesRs.299
Replacement of lost Debit CardRs.299
Cash transaction fees1 free cash deposit per month upto Rs. 10,000 Thereafter, a charge of Rs.3.50 per Rs.1,000 cash deposit, subject to a minimum of Rs.5

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