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Zero Balance Savings Account.

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Kotak 811 is for everyone - Open Kotak 811 Saving Bank account now. '811' is a full-service digital banking ecosystem available to you on mobile. The essence of 811 is to bring to you all facilities from zero balance banking to seamless shopping, travelling and entertainment experience under one umbrella of Kotak 811. Key Features & Benefits of Kotak 811 digital savings account are Up to 6%* interest p.a., Zero Balance account, Virtual Debit Card, Instant account opening and more.

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Kotak 811 - Find Here the Details Related to Kotak 811

Planning to open a new bank account but don’t have time to visit a bank and complete all the formalities? Well, keep all your worries aside as Kotak Mahindra Bank is here to serve you. Kotak 811, a zero balance savings account rolled out by Kotak Mahindra Bank, lets you open a new bank account within seconds. All you need is the Kotak Mahindra mobile banking app on your smartphone. 


Kotak 811 - Your New Savings Account

The world is following the path of digitalization. So, why don’t you? Kotak 811 is a full-service digital banking service which is turning the Indian economy into cashless one. Just install the Kotak Mahindra banking app or visit the official Kotak Mahindra website to open a new account. Register with your authentic documents such as Aadhar card and PAN along with other basic details. After setting up a mobile banking PIN, start using your new account instantly.     


Kotak 811 - Open a Savings Bank Account in Just 5 Minutes - Kotak Mahindra Bank

Now open a 811 savings account with Kotak Bank in just 5 minutes. '811' is a full-service digital banking ecosystem available to you on mobile. 811 brings to you all facilities from zero balance banking to seamless shopping, travelling and entertainment experience under a single savings account.  


Kotak 811 Variants

When you open a new Kotak 811 bank account, you get the plenty of facility as per your authentication verification. Here are the details:
  • After completing in-person verification ( Full KYC), you get to enjoy the 811 Full KYC account.
  • In case, in person verification with Kotak Mahindra representative is pending, you get limited benefits of the 811 Limited KYC account.
  • In case, you have registered your Aadhar number but haven’t received a one-time password, you can enjoy the 811 Lite account benefits till your Aadhaar Authentication is pending.
  • To enjoy the limitless bank account benefits, complete your full KYC within five minutes and request a home visit via Kotak mobile banking app for in-person verification/biometric based Aadhaar verification.
When you upgrade your Kotak 811 savings bank account to Kotak 811 Edge you get varied benefits such as free online fund transfers, Platinum Chip Debit card, virtual debit card, and more. However, you have to maintain a minimum balance of Rs. 10000 per month in your Kotak 811 account.  
Variant     811 Limited KYC 811 Lite 811 Full KYC Account 811 EDGE
How to Open Install 811 App/Website Install 811 App/Website Install 811 App/Website Install 811 App /Website/ Visit your nearest branch
Verification OTP based Aadhaar verification Mobile Number Biometric based Aadhaar verification Biometric based Aadhaar verification
AMB requirement (Rs.) Zero Zero Zero 10,000/-
Physical Debit Card Rs. 199 p.a. NA Rs. 199 p.a. Platinum Debit card- Rs. 150 p.a
Virtual Debit Card Free NA Free NA
Type Mobile/Website Mobile/Website Available on Mobile/Website/ Branches Available on Mobile & Branches
Cumulative credits allowed Rs. 2,00,000 in a F.Y Rs. 10,000 in a calendar month & Rs. 1,00,000 in a F.Y No Restrictions No Restrictions
Online transactions IMPS & NEFT Free Outward Funds transfer not available IMPS, NEFT & RTGS Free IMPS, NEFT & RTGS Free
Cheques NA NA On request By default
Validity from the date of opening 12 months 12 months NA NA
Interest paid Up to 6%* NA Up to 6%* Up to 6%*
Features Deposits Cash Yes Yes Yes Yes
Cheques Yes No Yes Yes
Withdrawal Cash No No Yes Yes
Cheque No No Yes Yes

Key Features of Kotak 811  Benefits of Kotak 811 savings bank account:


Open an Instant Bank Account 

No more you have to visit a bank branch, fill up a form, and wait for the bank’s approval for your new account. Without leaving your home, you can open the Kotak 811 bank account and step into the world of seamless digital banking. 


No Minimum Balance Restriction

Most of the banks set bars of maintaining a minimum balance in your account but not Kotak Mahindra 811 bank. You get financial freedom with Kotak 811 as you don’t have to pay any charges for low balance in your bank account.


Best in Market Interest Rate

Wouldn’t it be great to have an account that gives you the best interest rate? Kotak 811 lets you earn up to 6% interest per annum on the balance in your account. When you have Rs. 1 Lac balance in your account, the interest rate is 5%. When the savings account balance is between Rs. 1 lac and Rs. 1 crore, you get to earn 6% interest annually. 5.5% interest rate is applicable when the balance amount in the savings account exceeds Rs. 1 crore.  


Virtual Card Facility

Kotak 811 saves you from the hassle of carrying the Debit Card wherever you go. Moreover, no more you have to get worried about losing your Bank Card as Kotak 811 offers you a Virtual Debit Card. A few taps on your smartphone would let you make online payments, recharge mobile number/DTH, and more. 


Scan and Pay

Having a Virtual Debit Card is a bliss. Besides online payments, you get to make cashless and cardless payments at various outlets. Simply use the scan and pay features to pay for your shopping, movies, groceries, and more.


Physical Debit Card

Do you feel the need of keeping a physical Debit Card? No problem. Just make a request for a physical card at Kotak Mahindra 811 bank via mobile banking app or net-banking. However, you have to pay Rs. 199 plus applicable GST annually to own a physical Kotak 811 Debit Card.


Transfer Funds for Free

Tired of paying a fixed fund transfer amount? Take advantage of Kotak 811 Edge to transfer funds online either using RTGS, IMPS, or NEFT for free.


One Tap for All Banking Solution

Want to request a chequebook or wish to transfer funds to someone else’s account, whatever be your need just tap on Kotak 811 mobile banking app. All tasks would get completed within seconds.


All in One App

With the Kotak Mobile Banking App on your smartphone, you don’t have to keep multiple apps for entertainment, shopping and movies. Whether you want to buy PVR movie tickets, book flights or hotels, shop on Shopclues or Flipkart, go to the mStore section and use your Kotak 811 account to get the best rates.


Kotak 811 Fees and Charges
 

Given are the 811 Edge Fees & Charges applicable to your Kotak Mahindra 811 savings bank account:  
 
Classic Debit Card (Annual Charges) Rs. 299
Replacement of lost Debit Card Rs. 299
Cash Transaction charges  First cash deposit of up to Rs. 10,000 per month is free. Thereafter, a charge of Rs. 3.50 is applicable.
Kotak Bank ATM transaction charges First 5 financial transactions are free. Thereafter, Rs. 20 are applicable per transaction First 5 non-financial transactions are free. Thereafter, Rs. 8.50 are applicable per transaction.
Other Bank ATM transaction charges First 5 financial transactions are free. Thereafter, Rs. 20 are applicable per transaction First 5 non-financial transactions are free. Thereafter, Rs. 8.50 are applicable per transaction.
Statement and SMS alerts Daily SMS charges - Rs. 30 per quarter Weekly SMS charges - Rs. 15 per quarter
 

Kotak 811 Eligibility

  • Eligibility criteria to become an account holder at Kotak Mahindra 811 bank: 
  • Applicant must be an Indian resident
  • Applicant must be of age 18 years and above.
  • To open a new bank account online, keep your Aadhaar card and PAN number handy. 
Note: Kotak 811 is available for those who are not an existing member of Kotak Mahindra Bank. Same Eligibility Criteria is applicable if you want to upgrade your Kotak 811 bank account to Kotak 811 Edge.   Kotak 811 savings bank account documentation
  • Following  are the required documents to apply for Kotak 811 account:
  • Aadhaar card
  • PAN card
Furthermore, to enjoy the full benefits of the 811 Full KYC account, Biometric based Aadhaar verification is mandatory.


How to open a Kotak 811 account?

  • Follow the given steps to open a new Kotak 811 account:
  • Open the Android Play Store on your smartphone.
  • Download the Kotak Mobile Banking app and install it.
  • Enter your Aadhaar number, PAN number and other basic details for registration.
  • Set up a mobile banking PIN to access your bank account. 
The advantage of opening Kotak 811 account online is you can start using your account instantly.  Note: Kotak 811 is a zero balance account while you have to maintain a minimum balance of Rs. 10, 000 per month to upgrade your account to Kotak 811 Edge.


Kotak 811 Offers

Wouldn’t that be great to have your bank account at your fingertips? Kotak 811 gives you the exact same freedom to access your bank account at any time from anywhere. Along with this, you can take advantage of various offers:


Kotak 811 Big Basket offer

Every Wednesday, Kotak 811 offers you an exciting 10% instant discount on your Big Basket purchase. To avail the offer, the minimum purchase should be of Rs. 1,500. Make sure to use the Kotak 811 voucher code “KOTAK10” at the checkout page.


Kotak 811 Jabong Offer

When you have Kotak Mahindra 811 bank card, you get the plenty of shopping delights. Every Sunday, you can earn 10% cashback when you shop at Jabong, either using the mobile app or official website. Don’t forget to use Kotak 811 coupon code “GOKOTAK” to avail the offer.


Kotak 811 PVR Offer

Planning to watch a movie this upcoming Saturday? Make use of Kotak 811 benefits to book your movie tickets. Buy one movie ticket at PVR, either using the mobile app or official website and get another absolutely free for all Saturday movie shows. Hurry! The validity of the offer is till March 31st, 2019.


Kotak 811 TATA CliQ Offer

On the minimum purchase of Rs. 5,000 at TATA CliQ using Kotak Mahindra 811 bank card, you get an instant discount of 10%, every Tuesday. At the checkout page, apply the Kotak 811 discount code “GOKOTAK” before making your payment.


Kotak 811 Reliance Digital Offer 

Want to buy a new smartphone? Wait for Monday. The reason is Kotak 811 is offering 5% instant discount or cash back on every Monday at Reliance Digital stores across India. 


Kotak 811 Swiggy Offer

Feeling hungry? Use your Kotak 811 Debit card to earn an instant discount of 10% on Swiggy. The minimum order value is Rs. 500 and is applicable only on Thursdays. Make sure to use the Kotak 811 promo code “GOKOTAK”. Hurry! This is a limited period offer.


Kotak 811 - Goibibo Offer

Plan a vacation and book your flight tickets at Goibibo using the Kotak 811 offer. On booking domestic flight tickets, you get Rs. 1,200 cashback on every Friday. Apply the Kotak 811 voucher code “GOKOTAK” to take the benefits of this offer.


Kotak 811 Refer and Earn program  

  • With the Kotak 811 refer and earn program, you can win BookMyShow voucher worth Rs. 100.
  • To participate in the program, follow the given steps:
  • Go to the Android Play Store to download and install Kotak mobile banking app.
  • Enter your essential details such as Aadhar Card number and PAN number to create your new Kotak 811 account.
  • Generate a unique invitation code under refer and earn section in the app.
  • Ask your friends to open a new Kotak 811 account using your Kotak 811 referral code.
  • Whenever they will load Rs. 2000 or more for the first time in their wallet, both of you receive an exclusive BookMyShow voucher worth Rs. 100.
Terms and conditions:
  • The Kotak 811 refer and earn offer cannot be clubbed together with any other scheme or promotion running on Kotak Mahindra bank platform.
  • The offer is available only for one-time use per customer.
  • Kotak Mahindra 811 bank shall not be held responsible if a customer fails to enter the correct promo code. 
  • Kotak Mahindra 811 bank shall not be held responsible for any loss or damage in relation to the offer. 
  • The bank reserves the right to prevent any customer from taking benefits of the offer in case of any fraudulent or suspicious activity.
  • The bank reserves the right to add/modify/alter or withdraw/cancel the terms and conditions of the offer without any prior notice or specific reason whatsoever, at its sole discretion.
FAQs


Can I open a joint account with another applicant at Kotak Mahindra 811?

At present, Kotak 811 is available for a single user only. Hence, one cannot open a joint account at Kotak 811.


Is my information at Kotak 811 secure?

Kotak 811 keeps the personal information as well as all online banking transactions secure. Also, take measures to prevent any unauthorized access to your sensitive information by maintaining strict security standards.


What is Kotak 811 Edge and how to apply for it?

Kotak 811 Edge is a saving account which gives additional benefits like higher free transaction limits, Platinum Chip Debit Card, free transactions on all Kotak ATMs, and more to the customers. Users can anytime upgrade their Kotak 811 account to 811 Edge, however, it is mandatory to maintain a minimum balance of Rs. 10,000 per month. Additionally, full KYC verification is essential to upgrade the bank account. 


What are the charges (or fees) for Kotak 811 account?  

  • Users can freely use Kotak 811 in the digital world. In other words:
  • There are no charges to maintain minimum balance fees.
  • The virtual Debit card is free of cost.
  • There are no charges to transfer funds via net banking or mobile app.
  • However, if a user applies for additional services, like a chequebook and a physical debit card, additional charges are applicable.


How to withdraw cash through Kotak 811 account?

Users can utilize the physical debit card to withdraw cash via an ATM. In case, all the verification formalities regarding the user’s identity are complete, he/she can visit a Kotak Mahindra bank branch to withdraw the cash. For verification, a user has to book an appointment with a Kotak Mahindra bank executive via mobile banking app. Alternatively, he/she can visit the nearest Kotak Mahindra Bank branch for the same. Verification (authentication of Aadhaar details) is done using a biometric device.


How to use Scan and Pay feature available in the Mobile Banking app?  

  • To use the “Scan & Pay” feature, open the Kotak Mahindra banking app.
  • Go to the “Banking” section and select “Scan and Pay” option.
  • A QR code reader will open. Project it on the QR code and automatically, it will read it.
  • After the QR is successfully captured, enter the amount that you wish to pay.
  • Instantly the amount will be transferred.


How to use Virtual Debit Card?

Kotak 811 offers you a Virtual Debit Card inside your Kotak Mahindra mobile banking app. Users can utilize this card to make bill payments, recharge mobile number/DTH, shop online or use the “Scan & Pay” option at different merchant outlets.  Note: Kotak 811 Virtual Debit Card is given to only those customers who have verified their identity details via Aadhar OTP.   In case, you want to know the card details like card number, CVV and expiry date, simply sign in to your mobile banking app and select the 811 widgets.


How to apply for a physical Debit Card?

To apply for a physical Debit card, select the 811 widgets in the Kotak Mahindra mobile banking app. You will be charged Rs. 199 plus taxes per annum for the card. Also, to request for the card, you must have sufficient balance in your account. Within 7 to 10 business days, your requested physical Debit Card will be delivered at your communication address. 


How to deposit money into Kotak 811 account?

To deposit money to your Kotak 811 bank account, use net banking or debit card of another bank. This option will become available just after the activation of your account in the Kotak Mahindra mobile banking app. Additionally, you can transfer money via IMPS/NEFT/UPI from another account at any time. Alternatively, you can visit the nearest branch of Kotak Mahindra Bank to deposit cash.


What are the limitations of the Kotak 811 account?

Kotak 811 is a zero interest account and you won’t get any chequebook or net banking facility. To initiate any transaction, you can use your Virtual Prepaid Card or Kotak Mahindra mobile banking app. To deposit money to your Kotak 811 Lite account, you can only use payment gateway transactions or NEFT/IMPS from other banks.
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