Kotak 811 Digital Bank Account Variants | Zero Balance Savings Account - Kotak Mahindra Bank

Kotak 811 Digital Bank Account Variants | Zero Balance Savings Account - Kotak Mahindra Bank

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811 Variants - Zero Balance Savings Account - Kotak Mahindra Bank

811 Variants

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
AMB requirement (Rs.)			Zero	Zero	Zero	10,000/-
Physical Debit Card			Rs. 299 p.a. (inclusive of taxes)	NA	Rs. 299 p.a. (inclusive of taxes)	Platinum Debit card- Rs. 299 p.a. (inclusive of taxes)
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. 5,000 in a calendar month & Rs. 1,20,000 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			4%*	NA	4%*	4%*
Features	Deposits	Cash	Yes	Yes	Yes	Yes
	Deposits	Cheques	Yes	No	Yes	Yes
	Withdrawal	Cash	No	No	Yes	Yes
	Withdrawal	Cheque	No	No	Yes	Yes

Check your eligibility for the 811 Savings Account.

Frequently Asked Questions

How can I apply for an 811 passbook?

Your zero balance digital savings account does not require you to carry a passbook. You can check all your transactions online on the Kotak811 Mobile Banking App.

If you wish to have a statement of your transactions for documentation purposes, you can place a request on the Kotak Mobile Banking App and receive your statement on your registered email ID.

If you still prefer a Passbook, you can apply for it online and get it be delivered to your preferred communication address as per Bank records in 7-10 working days. Please note, only Full KYC account holders can request for a passbook. This process is applicable only for customers applying for a passbook for the first time. For second passbook onwards, please visit your nearest bank branch.

To apply for a passbook, Click Here

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How can I start a Recurring Deposit/Term Deposit?

You can start a recurring deposit or a term deposit through the Mobile Banking App or through Net Banking. Please visit the ‘Banking’ section inside the Mobile Banking App or Net Banking and click on ‘Open Recurring Deposit’ or ‘Open Term Deposit’.. These features are available to customers who have met us to verify their identity details. If you haven’t done that yet, please schedule an appointment via the Mobile Banking app or call customer care on 1860 266 0811*
*Local call rates apply.

*Local call rates apply.

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How can I use Scan & Pay feature inside the Mobile Banking App?

You can see the ‘Scan & Pay’ option inside the Mobile Banking App. You will see this under the ‘Banking’ section of the Mobile Banking App. Once you click on it, it will open the QR code reader. You need to project it on the QR code and it will read it automatically. Once the QR is successfully captured, you can punch the amount you wish to pay and the amount will be transferred instantly.

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What is a Virtual Debit Card? How do I use it?

Kotak 811 brings you a Virtual Debit Card inside your Mobile Banking App. You can use it to shop online, pay bills, recharge or use ‘Scan & Pay’ at merchant outlets. 811 Debit Card is given to customers who have verified their details using Aadhaar OTP.

If you need to check your card details - card number, expiry date or CVV - it’s easy; just log in to your Mobile Banking App after opening your Kotak 811 account and click on the 811 widget.

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Can I have a physical Debit Card? How do I apply for one?

Yes, you can! You can request a physical Debit Card from the 811 widget in your Kotak Mobile Banking app. Just login into the Kotak Mobile Banking App and navigate to 811 section -> virtual debit card -> Get one now.

The physical Debit Card will be charged at Rs. 299 p.a. (inclusive of taxes) You’ll need to have sufficient balance in your account to order one.
Once you’ve requested a physical Debit Card, we’ll charge the card fees to your account and your card will be delivered to you within 7 working days at the communication address you’ve registered with us.
811 physical debit card is not given to 811 Lite customers. 811 Lite customers are issued a virtual debit card once the full KYC for the account is completed. After the virtual debit card is issued, customers can follow the process mentioned above to get the physical card.

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