What is the minimum balance in Kotak 811 account?

What is the minimum balance in Kotak 811 account?

This account requires a minimum balance of Rs. 10,000. Kotak 811 Edge comes with a Platinum Chip Debit Card, high free transaction limits, free transactions on all Kotak ATMs and many more perks.

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

Is Kotak 811 is a zero balance account?

Kotak 811 digital savings account can be opened instantly. It is a zero-balance savings account without any average minimum balance.

What are the benefits of Kotak 811 zero balance account?

Features of the 811 Digital Bank Account

Does Kotak 811 have any charges?

Kotak 811. 5 financial Transaction / month @ nil charges, thereafter Financial Txn. – 21.00 / Txn. Maximum of 5 transactions @ nil charges (incl.

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

Can I deposit 5 lakhs Kotak 811?

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.

Can I withdraw money from Kotak 811 account?

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.

Can I deposit cash in Kotak 811 account?

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*.

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.

How much can I deposit in Kotak 811?

Which is best zero bank account?

Best Zero Balance Savings Account 2022

Can I get passbook for Kotak 811?

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.

What is the penalty for zero-balance account?

no penalty

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

How much can I withdraw from Kotak 811?

Customer can transfer a maximum amount of 1,00,000 through online transfers. Customer won't be allowed to transfer funds through branch before the account is converted to Full KYC account. No cheque book will be issued. ##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction.

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.

Is checkbook free in Kotak 811?

Cheque Book is available to Full KYC accounts at a mimimal charge. To get your personalized Cheque Book, follow the steps below: Log in to the Kotak Mobile Banking App.

Is Kotak 811 good for students?

Conclusions: While Kotak 811 is a regular savings account, it is also a good option for students. Students can use Kotak 811 as a student account or as a secondary account to save money to achieve financial goals or receive payments.

Does Kotak charge for Debit Card?

Note: All domestic / international Non Kotak ATM transactions will be chargeable for Easy Pay Debit Card (Rs.Fees and Charges.

What is the UPI limit for Kotak?

5,00,000 using Net Banking, then you can transfer the remaining amount of Rs. 6,00,000 through Mobile Banking. One-time fund transfer will have a combined limit of Rs. 1,00,000 across Net Banking & Mobile Banking.

What is the minimum balance in Kotak 811 account?