How can I open Kotak Mahindra Bank 811 account?
You can open a Kotak 811 account by downloading the Kotak Mobile Banking App or by visiting www.kotak.com and registering using your Aadhaar number (optional) ,PAN and other basic details. You can set up a mobile banking PIN and start using your account immediately.
Kotak 811 digital savings account can be opened instantly. It is a zero-balance savings account without any average minimum balance.
Can I use Kotak 811 without KYC?
Before you complete the full KYC of your account, the validity of the account is 12 months. This means that if you don't complete the full KYC process, your account will be closed within 12 months. After the account is closed, you won't be able to open a new Kotak 811 Account.
Maintain a minimum account balance of Rs. 10,000 per month and leverage facilities like free online funds transfer via IMPS, NEFT and RTGS.
Which zero balance account is best?
Best Zero Balance Savings Account 2022
Kotak 811. 5 financial Transaction / month @ nil charges, thereafter Financial Txn. – 21.00 / Txn. Maximum of 5 transactions @ nil charges (incl.
Can I get debit card in Kotak 811?
*Charges Apply. Physical debit card is not available for Kotak811 Lite account customers. Kotak811 Lite customers must complete their Full KYC to lift this restriction.
There are two ways to withdraw your money from an Kotak811 account: Through an ATM using physical debit card** You can also visit a branch to withdraw cash.
What is the limit of Kotak 811 account?
Features of Kotak811 Limited KYC Account: Aggregate of all credit should not exceed 2 Lakh in a year and, Account balance at any point should not exceed 1 Lakh. Customer can transfer a maximum amount of 1,00,000 through online transfers.
Kotak811 is an Aadhar OTP based account. Hence, you must carry your Aadhar Card and PAN Card for in-person verification with an Kotak811 officer to complete your Full KYC. You can also opt for a Video KYC process to complete your Full KYC from the comfort of your home. Just keep your Aadhaar Card and PAN Card handy.
What are the disadvantages of Kotak 811 account?
At the same time, the Kotak 811 Edge account requires a minimum balance of 10,000 rupees. Failure to do could invite penalties and other fines which could be 5% of the shortfall balance. It's the only drawback from keeping a Kotak 811 Edge account.17-May-2022
List of All Banks Savings Account Interest Rates and Minimum Balance 2022
Which Kotak account is best?
Kotak 811 Edge is a savings account that brings you the best of Kotak 811 and Kotak's regular savings accounts. This account requires a minimum balance of Rs. 10,000. Kotak brings a complete digital experience to banking with 811 Edge Savings Account.06-Oct-2022
Features of Kotak811 Limited Full KYC Account: Aggregate of all credit should not exceed 2 Lakh in a year and, Account balance at any point should not exceed 1 Lakh. Customer can transfer a maximum amount of 1,00,000 through online transfers.
Is Kotak 811 account good?
The Kotak 811 Lite Account account is also more of a digital wallet without a card but where you get interest on your money. It is mandatory to update it to a full KYC account within one year of opening. ATM Cash Withdrawal: Virtual Prepaid Card with Nil Charges. NEFT/RTGS: Fund transfer not allowed.23-Aug-2022
IndusInd Bank - Indus Online Savings Account Any Indian citizen above the age of 18 years is eligible to open this savings account with no minimum balance. Transfer funds for free via NEFT, IMPS, and RTGS. Avail of WhatsApp banking services and a free passbook, chequebook, and debit card.
Does zero balance account provide ATM card?
With a zero-balance savings account, most of the banks offer a free ATM-cum-debit card, passbook and cheque book. Also, facilities like internet and mobile banking are offered by several banks.
Since Kotak811 is a fully digital account, it does not come with a physical passbook by default. Full KYC customers can activate their passbook by logging into the Kotak811 Mobile Banking App and following these simple steps: Go to Service Request > Account related. Select Activation/Deactivation of Passbook option.
Can I convert my Kotak 811 to normal account?
Visit the nearest Kotak Mahindra Bank branch to convert your account to a full KYC account as the procedure includes in-person verification. To book an appointment with a bank representative, log into your mobile banking app or call the bank customer care at 1860 266 2666.
Following are the ways in which you can deposit money into your Kotak811 account: You can deposit money in your account using your Debit Card or Net Banking of another bank. You can transfer money from another account through NEFT, IMPS or UPI* You can visit your nearest Kotak Mahindra Bank branch to deposit cash*.
Is Kotak debit card free?
This Debit Card combines the benefits of a regular ATM card and a payment card along with features to 'tap & pay'. Get your card now for an annual fee of Rs. 299 inclusive of tax.
How can I open Kotak Mahindra Bank 811 account?