Kotak 811

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Zero Balance Savings Account with FD like Interest

No lock-in period or premature withdrawal charges

One App Bank

Make all your money moves on the Kotak811 app, without ever moving out

Zero Balance Account

Save as you wish, with no minimum balance restriction

Rewards

Shop online with Kotak811 credit card for 2 reward points

Use UPI Lite with Kotak A/c on any UPI App

Make Lightning Fast Payment

Opening a Zero Balance Savings Account in 3 Minutes

Say goodbye to low interest! Get up to 7%* interest p.a. in your savings account with Kotak811’s ActivMoney! Simply get started by opening your digital savings account and sign-up for ActivMoney. The future of digital banking is here, so what are you waiting for? Open your Kotak811 Savings Account today.

Features & Benefits Of Zero Balance Savings Account

  1. Completely online opening process
  2. Get up to 7%* interest p.a. with ActivMoney
  3. Paperless Process - no paperwork, no hassle!
  4. Instant Virtual Debit Card & Credit Card Against FD
  5. No charges for non-maintenance of balance
  6. 24/7 access through the Kotak 811 App and Internet Banking
  7. Free digital transactions like NEFT, IMPS, UPI, Pay your contact, Scan & Pay

Fee & Charges Of Zero Balance Savings Account

  1. Account Opening - Free 
  2. Non-maintenance - No charge 
  3. Average Monthly Balance - Zero
  4. Debit card virtual - free
  5. Funds Transfer - NEFT / RTGS (Nil Charges) / IMPS (Through Internet & Mobile Banking)
  6. Annual Fee - Nil 
  7. Physical Debit Card – ₹299
  8. Image Debit Card - A onetime image fee of ₹235 and an annual fee of ₹299 inclusive of all taxes.
  9. Card Replacement Fee - ₹299
  10. Foreign Exchange Mark-up - Fee 3.5%
  11. ATM Charges (after free transactions)
    • For Financial Transactions: Rs.21
    • For Non-Financial Transactions: Rs.8.50 on domestic ATMs of other banks

How To Open 811 Zero Balance Savings Account Online

Use the Kotak811 App or the Website.

  1. Enter Mobile Number, Email ID, and Pin code
  2. Verify Aadhaar and Pan
  3. Complete Full KYC

Eligibility Criteria For Zero Balance Savings Account

  1. Citizen of India
  2. Aged 18 and above
  3. Aadhaar and Pan Card

Documents Required For Zero Balance Savings Account

Paperless verification and minimal documentation

  1. Aadhaar Card
  2. Pan Card

Why Should You Choose a Kotak811 Zero Balance Account?

  1. No minimum average balance: Make the most with no monthly average balance maintenance requirement.
  2. Paperless account opening process: Choose the convenience of opening a zero balance account online within a few minutes - anytime, anywhere.
  3. Additional benefits: A free virtual debit card, plus cash and cheque deposits at the bank’s branch.
  4. Digital payments: Make digital payments easily using NEFT, UPI and Scan & Pay.

5 Things You Should Know About Kotak811 Zero Balance Savings Account:

  1. There are no minimum balance commitments in a zero balance savings account. So, you can spend even the last rupee in your account without worrying about penalties.
  2. You can open a digital zero balance account online from the comfort of your home. All you need is your PAN and Aadhaar number.
  3. Earn the prevailing interest on your zero balance savings account deposits.
  4. With your zero balance account, enjoy facilities such as debit cards, cheque books, internet banking and mobile banking.
  5. Open a zero balance savings account instantly through Aadhaar OTP verification. Then complete the full KYC process of your account through in-person verification within 180 days from account opening by visiting your nearest bank branch or booking an appointment.

Kotak811 Zero Balance Account Is For Everyone

  1. Now you can open a zero balance account using your Aadhaar and PAN Card along with other details.
  2. Kotak811 is a zero balance savings account that can be opened online by everyone (Resident Indian individuals above the age of 18 only).
  3. Whether at work, at home or on vacation you can open an 811 account instantly, without ever stepping out.
  4. Kotak811 is a zero balance savings This means that you don’t have to pay any penalties for not maintaining a minimum balance. So, what are you waiting for? Open a zero balance savings account online with Kotak811 and start banking with one of the best digital bank account.

Kotak811 FAQs

What is a zero balance savings account?

A zero balance savings account is a bank account that does not require customers to maintain any minimum balance whatsoever. However, they can access all banking services and enjoy added benefits.

How to open a zero balance saving account?

Easily apply on the Kotak811 Website or the Kotak811 App. In  3 minutes to open the account.

Can i open a zero balance savings account online?

Yes! Kotak811 Zero Balance Savings Accounts can be opened completely online.

Who can open a zero balance account?

An Indian citizen over 18 years of age.

How to open a zero balance account without a PAN card?

You will need your PAN and Aadhaar Card to open a Zero Balance Savings Account. If you don’t have your PAN Card, please reach out to customer care.

Can i open a zero balance account in kotak bank?

Yes, you can open a zero balance account in Kotak Bank.

Can i open a zero balance savings account online?

Kotak811 Zero Balance Savings Accounts can be opened in under 3 minutes online.

How can i track my zero balance savings account online?

It’s an instant opening after KYC. Account related activities can be tracked in real time on the Kotak811 App and through Internet Banking.

How to use the zero balance savings account online?

Just log in to your account using your mobile number/customer ID, authenticate via OTP, and you can use your account online.

What are the interest rates on opening a zero balance savings account online?

You can get up to 7% interest on your savings with Kotak811 ActivMoney.

How can i open a bank zero balance savings account online instantly?

It can’t get more instant than opening a Zero Balance Savings Account with Kotak811.

How to use the zero balance savings account online?

Just log in to your account using your mobile number/customer ID, authenticate via OTP, and you can use your account online.

What are the interest rates on online bank account opening with zero balance?

You can get up to 7%* interest on your savings with ActivMoney.

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

*How ActivMoney Works | ActivMoney Terms and Conditions

IMPORTANT: Please ensure that you complete your Full KYC within 180 days from account opening to enjoy uninterrupted services at all times. If Full KYC is not completed within 180 days from account opening, your account will be blocked from transactions. However, you would still be able to complete your Full KYC and resume banking easily. If Full KYC is not completed within 365 days from account opening, your account will expire permanently with no possibility of reactivation.

Aadhaar Disclaimer:

Providing Aadhaar is voluntary. Scan and Pay through your Kotak Mobile Banking App at select in-store outlets.

ActivMoney Disclaimer:

Liquidated Dep2 for 25, 000 and liquidated in part for 15,000 from Dep1 to honour the cheque of 40, 000 as breaking of FD is done in multiples of 5,000. Dep2 will earn interest for 15 days at the applicable rate without penalty (on LIFO basis) as it exceeds 7 days which is minimum period required to be eligible for interest and 15,000 liquidated from Dep1 would earn eligible interest for 16 days.

Applicable for Resident Indian Individuals only w.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only. Issuance of credit cards is at the sole discretion of Kotak Mahindra Bank Limited.