what is 811 account in kotak mahindra bank

what is 811 account in kotak Mahindra bank

ગુજરાતીમાં વાંચવા માટે નીચે જાવ

You must have all heard of Kotak Mahindra Bank a reputable and sizable bank. This bank is also used by millions of individuals for banking.

Let us inform you that Kotak 811 was introduced by Kotak Mahindra Bank in the month of March 2017 and has been running since then.

The bank claims that 811 is the nation’s first full-service digital banking ecosystem, offering all kinds of banking and account-related services. Kotak 811 should be understood because of this in this post.

what is 811 ?

Kotak 811 is a type of new age digital bank account which was introduced by Kotak Mahindra Bank in the month of March 2017.

According to Kotak bank, there is no minimum balance required to open 811 account. According to Kotak, you can get an interest rate of 4% per annum by opening an 811 savings account. Apart from this, you get a virtual debit card absolutely free on 811 account opening. With this debit card, you can do online shopping, bill payment, recharge etc.

kotak Mahindra bank account open 811 | open kotak 811 bank account online

To open a Kotak Mahindra Bank account through the 811 digital account opening process, you can follow these steps:

Visit the Kotak Mahindra Bank website or download the Kotak Mobile Banking App.
Click on the ‘811’ option.
Select ‘Open Now.’
Fill in your personal details such as name, email ID, and mobile number.
Enter the OTP sent to your mobile number and verify it.
Fill in your Aadhaar number or PAN number to complete the KYC process.
Set your MPIN and create your login credentials.
Fund your account with the required minimum deposit.
Your Kotak Mahindra Bank 811 account is now open.

Alternatively, you can also visit the nearest Kotak Mahindra Bank branch or contact their customer care to assist you with the account opening process.

kotak mahindra bank 811 zero account

Kotak Mahindra Bank 811 is a digital savings account that can be opened online with minimal documentation. There are different types of 811 accounts, including the Kotak 811 Zero Balance Account. Here are the features of Kotak 811 Zero Balance Account:

No minimum balance requirement: You do not need to maintain any minimum balance in the Kotak 811 Zero Balance Account.
Free Virtual Debit Card: Kotak 811 Zero Balance Account comes with a free virtual debit card that can be used for online transactions and shopping.
Unlimited ATM transactions: You can withdraw cash from any ATM without any charges.
Free online fund transfers: You can transfer funds from your Kotak 811 Zero Balance Account to other bank accounts for free.
High-interest rate: Kotak 811 Zero Balance Account offers higher interest rates compared to other savings accounts.

Kotak 811 Zero Balance Account has certain limitations, such as a maximum balance limit of Rs. 1 lakh and no cheque book facility. However, it is an ideal option for those who do not want to maintain a minimum balance in their savings account.

how to open kotak 811 bank account online

Visit the Kotak Mahindra Bank website or download the Kotak Mobile Banking App.
Click on the ‘811’ option.
Select ‘Open Now.’
Fill in your personal details such as name, email ID, and mobile number.
Enter the OTP sent to your mobile number and verify it.
Fill in your Aadhaar number or PAN number to complete the KYC process.
Set your MPIN and create your login credentials.
Fund your account with the required minimum deposit.
Your Kotak Mahindra Bank 811 account is now open.

benefits of the 811 Digital Bank Account

instant Account Opening. No visiting any bank branch or leaving your home. …
No minimum balance commitment.
Virtual Debit Card.
Scan and Pay.
Shop, Travel, and More.
Earn 4%* Interest Rate per annum.
ActivMoney Auto Sweep in Facility.
Banking solutions at a single touch.

Kotak Mahindra Bank Details

Kotak Mahindra Bank is a private sector bank in India, established in 1985. The bank provides a wide range of banking products and services such as savings accounts, current accounts, personal loans, home loans, credit cards, insurance, mutual funds, and wealth management services. Here are some important details about Kotak Mahindra Bank:

Headquarters: Mumbai, India

Chairman: Uday Kotak

MD & CEO: Dipak Gupta

Number of branches: Over 1,600 branches and over 2,500 ATMs in India (as of March 2021)

Types of accounts: Savings accounts, current accounts, fixed deposit accounts, recurring deposit accounts, and NRI accounts

Types of loans: Personal loans, home loans, car loans, and business loans

Credit cards: The bank offers a range of credit cards such as Kotak Royale Signature Credit Card, Kotak PVR Platinum Credit Card, Kotak League Platinum Credit Card, and Kotak Essentia Platinum Credit Card.

Mobile banking: The Kotak Mobile Banking App allows customers to check their account balance, transfer funds, pay bills, invest in mutual funds, and purchase insurance policies.

Online banking: The Kotak Net Banking platform allows customers to access their account information, transfer funds, pay bills, and apply for loans and credit cards online.

Customer service: The bank offers customer support services through phone, email, and online chat, as well as through its extensive network of branches and ATMs.

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