Zero Balance Savings Account

Step into the world of Kotak811 - where zero balance requirements mean zero worries. Designed for those who want simplicity without compromising on features, our account offers a range of digital banking tools that make saving and spending both intuitive and rewarding. Enjoy up to 5.75% interest p.a. with ActivMoney while making lightning-fast UPI payments and benefiting from a free Virtual Debit Card that supports daily transactions up to ₹1 Lakh.

Zero balance account opening online is quick and easy with Kotak811

With exclusive offers spanning travel, lifestyle, and dining, plus a personal accidental cover of ₹2 Lakhs and 24-hour VISA global customer assistance, this account is designed to give you both convenience and confidence with every transaction. Open zero balance savings account online and embrace a flexible banking experience that fits your life. It’s time to bank smarter, not harder.

Everything you need to know about zero balance savings account. Looking for a hassle-free way to save and manage your money? Open zero balance savings account gives you the flexibility to bank on your terms. 

Benefits of Zero Balance Savings Account

Experience zero balance freedom: Save at your pace with no minimum balance requirement - no penalties, just convenience.

Open instantly, anytime: Open your account online in minutes using just your PAN and Aadhaar - no physical documents or branch visits are required.

Earn interest effortlessly: Grow your savings with the prevailing interest rate on your deposits and make every rupee count.

Get more with smart banking: Get a free virtual debit card for online shopping, plus enjoy cash and cheque deposit facilities at the bank’s branch.

Pay digitally, anytime: Make transactions easier with UPI, NEFT and Scan & Pay, ensuring smooth, secure, and quick digital payments.

Complete the KYC process quickly and easily: Open your account instantly with Aadhaar OTP verification, then complete full KYC within 180 days at a branch or by booking an appointment.

Eligibility Criteria for Zero Balance Savings Account

To open zero balance account online, you must meet the following requirements:

You must be a citizen of India. 
You must be 18 years or older. 
You must have a valid Aadhaar and PAN Card.

Documents required for Zero Balance Savings Account

To open zero balance account online requires minimal documentation:

Aadhaar Card - For identity and address verification
PAN Card - For  financial and tax-related verification

Discover Seamless Digital Banking with Kotak811

Experience banking that adapts to your busy life. Whether you're in a train, working from a co-working space, or enjoying a quiet afternoon at a café, your digital savings account is always within reach. Effortless online application: Say goodbye to tedious branch visits. With our streamlined online process, you can apply for your zero balance account from any device - anytime and anywhere. Just submit your PAN and Aadhaar details, and you're all set.

Enjoy zero balance convenience: Forget the pressure of maintaining a minimum balance. Our zero balance feature means no extra fees or penalties, giving you the freedom to use your account as you see fit.
Personalized assistance at every step: While the application is quick and simple, our dedicated bank representative is always available to guide you through the process, ensuring your experience is smooth and hassle-free.
Embrace the future of banking with Kotak811 designed to keep pace with your dynamic lifestyle without the extra fuss.

Kotak Bank Registered Address: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051

ActivMoney-

ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current/Savings Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance/Sweep in threshold in Savings Account, the TD will be broken prematurely and the required amount will be transferred to Savings Account.

Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. Auto-Sweep out of funds above a pre-specified threshold from Savings to Fixed Deposit will be for 180 days and in multiples of Rs.5,000/- The nomination registered for Saving Account will apply for FDs created through ActivMoney. If customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to fixed deposits booked under ActivMoney.

Savings A/c-

Disclaimer for all SA communication where interest rate is mentioned is as below:

Earn 2.5% interest p.a. on all Savings Account balance. Applicable for Resident Accounts only. The interest rates are subject to change. Visit www.kotak.com for latest information on interest rates.

*Rewards and Cashback Terms and Conditions

Referral Terms and Conditions