Kotak 811 Interesting Features And Benefits

Kotak 811 Interesting Features And Benefits

Kotak 811 is a savings account offered by the Kotak Mahindra Bank which packed with lots of unique banking features. 811 can be inspired by the demonetization move taken by the prime minister of India for the betterment of the financial sector.

The interest rate of the Kotak 811 is also lowest. For up to Rs 1 lakh you need to pay 5% per annum rate, above Rs 1 lakh and up to Rs 1 crore 6% per annum, and above Rs 1 crore the interest rate is 5.5% per annum.

Types of Kotak 811 account Kotak 811 Limited KYC You can easily open this Kotak 811 account it’s a zero balance savings account, Rs 199 can charge per annum for the physical debit card, the interest rate for the limited account 6% per annum and the validity is 12 months from the date of account opening. If you want to transfer the amount so use free IMPS and NEFT.

Kotak 811 Lite To open the lite account, you should have the minimum balance requirement that means zero balance savings account. With this card no physical and virtual cards available. You are allowed to take Rs 10,000 in a month calendar month or Rs 1,00,000 in a financial year to collective credit allowed. They can verify your details through the registered mobile number.

Kotak 811 Full KYC Account For this card, no charges for virtual debit card and Rs 199 can charge for a physical debit card. Through this, if you want to transfer online amount so use NEFT, RTGS, and IMPS totally free.

Kotak 811 Edge To open this account, you should have a minimum Rs 10,000 balance is required. For the online transfer, you can use NEFT, RTGS, and IMPS site and make your transaction easy. When you apply for the Kotak 811 edge so by default cheque book come with this and the interest rate of the card 6% per annum.

Kotak 811 Account: Know The Procedure To Open The Account Before you can apply for the card, you should check eligibility for the Kotak 811 account. You can check the criteria through online, so that easy to know your capability to drop the request. You should be 18 years of age and have an Aadhar card or PAN card as a KYC. Want to experience the Kotak 811 digital account? For that, should download or install the Kotak mobile banking app. Once installation over from your smartphone, provide your Aadhaar number, PAN card, and other personal or professional details. Set up a mobile banking PIN and immediately can use your Kotak 811 digital account.

Let’s know the Kotak 811 Attractive Features And Benefits ● To open the Kotak 811 account need zero balance ● For transactions, your charge is zero ● Get the interest over the balance with no penalties for the minimum amount ● You can open your account instantly via Aadhaar number or PAN card ● Transfer amount to another account through IMPS, NEFT, and RTGS ● Pay for grocery, shopping, tickets, movies, and other requirements without cash or swapping your cards through the mobile app