Kotak Mahindra Bank's Kotak 811 Zero Balance account can be opened in 5 minutes. The bank has begun this account to provide customers with a complete digital banking experience. The 811 account was strictly created for individual users.
Minimum balance does not require
Free digital transactions
Interest rate of up to 3.5% pa
Kotak Mahindra Bank's Kotak 811 Zero Balance account can be opened in 5 minutes and comes in 4 categories. The average monthly balance to be maintained for 811 Edge accounts up to 3.5% pa of the interest rate offered by the bank. 10,000. 811 is a Zero Balance Bank Savings Account issued by Kodak Mahindra Bank . This savings account was inspired by the government's decision to not go to high-value Karanzi notes on November 8 last year.
In an attempt to transform the Indian economy into a cashless economy, Kotak Mahindra Bank introduced the entire service digital banking system 811I on your mobile. The Kotak 811 account is for single users. Joint accounts cannot be opened with Kotak 811. Kotak Mahindra Bank also provides other digital accounts such as the 811 Light Savings Account and the 811 OTP Savings Account to meet the various needs of its customers. Those who do not have a pan number or Adar number can apply for the Kotak 811 Edge account.
Features and benefits of the Kotak 811 storage account
Kodak 811 Limited KYC does not require a minimum monthly balance
Single free transaction is allowed up to Rs.10,000
Classic Variant offers debit card for Rs.199
It is allowed to take free money at five ATMs each month.
811 Light
You must maintain a monthly presence at least Rs.10,000
Platinum comes with debit card @ Rs.150 Pa and Virtual Debit Card No
25 check leaves are issued for the quarter
Unlimited free money at Kodak Bank ATM
Home banking service available for Rs.150 for each visit
How to open Kotak 811?
Visit Android Play Store on your mobile phone.
Download and install the Kotak Mobile Banking Processor.
Sign up using your Adar number, pan number and other personal details.
Set the mobile banking pin.
Start using your account immediately.
Eligibility for opening Kotak 811I
Getak Mahindra Bank 811 You must meet the following eligibility limits to apply for a savings account:
The applicant must be at least 18 years of age or more.
The applicant must be an Indian citizen.
The applicant must be the new client of Kodak Mahindra Bank.
Document for opening Kotak 811I
The following resource documents must be submitted to apply for the Kodak Mahindra Bank 811 Savings Account:Pan Card (Found)
Adar card
Fees and charges of Kodak 811
The charges and charges applicable to the Kotak Mahindra Bank 811 savings account are listed below:
Kotak 811 Savings Account Frequently Asked Questions
Frequently Asked Questions About Kodak Mahindra Bank 811 Savings Account are listed below:
1. How do I deposit money into my Kotak 811 savings account?
You can deposit money into your 811 account through the following methods: cash deposit at the nearby Kodak Mahindra Bank branch.
Netbanking.
Payment gateway using your debit card.
Transfer funds from another account through NEFT or IMPS.
2. 811 What is the validity period of the account?
The validity period of the 811 account is 12 months from the date the account is started.
3. How to convert my 811 account to a full KYC account?
Go to the nearby Kodak Mahintra Bank Branch to convert your account to a full KYC account because this practice has eye verification. To book a meeting with a bank representative, sign in to your mobile banking app or call the bank customer service at 1860 266 2666. The conversion process does not take more than 5 minutes if your Adar details are verified by a biometric device.
4. What is a virtual debit card?
The Kotak 811 account provides a virtual debit card in your mobile banking app that can be used for online shopping, bill payment and mobile recharge.
5. Can I request a body debit card?
After opening your 811 account, you can request a body debit card. The debit card will be issued with a fee of Rs.199 Pa
6. What is the Kotak 811 Edge account?
The Kotak 811 Edge account gives you the best 811 and regular savings accounts. This account must have at least Rs.10,000 in balance. You will be given free transactions at Platinum Chip Debit Card, Free Transaction Limits and Kodak ATM Centers. You have the option to turn your 811 into an 811 Edge.
7. What are the security features used to protect my banking information?
The bank used safety standards such as firewalls and internal systems encritation to prevent unauthorized access to your banking information.
Reviewed by Protech Tamil
on
January 24, 2024
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