Types of Kotak811 Zero Balance Savings Account

	Savings A/c	Recommended Savings A/c
Monthly deposit - In a single transaction	₹0	₹5000
Zero balance account
Annual cashback	₹0	Up to ₹6,000
Annual Program Fees	₹0	₹399
Digital Fund Transfer - NEFT/RTGS/IMPS	Free	Free
Funding during a/c opening process	₹1,000	₹5,000
Virtual Debit Card	Free	Free
Physical Debit Card	VISA Classic ₹399	VISA Platinum - Free
Daily ATM cash withdrawal	₹25,000	₹1 Lakh
Cash transaction limit	₹10,000 or 1 transaction per month	₹2 Lakhs or 4 transactions per month
Dedicated customer support	NA
Cheque book	₹5 per cheque leaf	One Free / year
Up to 5.75% interest p.a. with ActivMoney
Only Aadhaar & Pan card needed
Personal accident cover	Up to ₹2 Lakhs	Up to ₹15 Lakhs
Purchase protection	Up to ₹50,000	Up to ₹1 Lakh
Air accident cover	NA	Up to ₹50 Lakhs
Lost card liability	Up to ₹2.5 Lakhs	Up to ₹3.5 Lakhs

Why Choose Kotak811 Zero Balance Savings Account?

No minimum balance maintenance
Only Aadhaar & PAN card needed
Up to ₹250* cashback on UPI payments
Earn up to 5.75% Interest p.a. with ActivMoney^

How to book a Fixed Deposit?

STEP1
Fill in your details in the form above and complete the steps to open your Kotak811 Savings A/c
STEP2
Download Kotak811 App after you have opened your account
STEP3
Login to Kotak811 App, click on ‘Deposit’ and book your Fixed Deposit

Explore 100+ banking features with the new Kotak811 App

Customer Testimonials

"I had some queries about premature withdrawal and interest calculation, and Kotak’s customer support was excellent. They explained everything clearly and helped me make an informed decision."

Priya Nair

Teacher

"I opened a Kotak Fixed Deposit to save for my daughter’s higher education. It gives me peace of mind knowing the money is growing safely with assured returns. The flexibility in choosing the tenure really helped me plan better."

Anita Mehra

HR Professional

"I wanted a safe investment option with good returns, and Kotak’s Fixed Deposit was perfect. The online booking process was simple, and I could choose the tenure that suited me. The interest rates were competitive too."

Neha Verma

Software Engineer

"I had some queries about premature withdrawal and interest calculation, and Kotak’s customer support was excellent. They explained everything clearly and helped me make an informed decision."

Priya Nair

Teacher

Anita Mehra

HR Professional

Top Features of Kotak811 Savings A/c

Zero balance maintenance

There is no minimum balance commitment for a Kotak811 A/c. So, you can spend without worrying about penalties

Open account with just Aadhaar & PAN

Open an online zero balance account from anywhere with PAN & Aadhaar

Easy account opening process

Open your account digitally from anywhere using the digital account opening process. Then complete the KYC process via Video KYC

FAQs

How do I open a Fixed Deposit using the Kotak811 App?

You can open an FD by logging into the Kotak811 App, navigating to the ‘Deposits’ section, and selecting ‘Fixed Deposit’. Choose your amount, tenure, and confirm the booking.

What is the minimum amount required to start a Fixed Deposit?

You can start a Fixed Deposit with as little as ₹5,000.

What interest rate will I earn on my FD?

Interest rates vary based on the deposit amount, tenure, and customer type (e.g., senior citizens may get higher rates). You can check the latest rates directly in the app or on Kotak’s website.

Is TDS applicable on FD interest?

Yes, TDS is deducted if your interest income exceeds the threshold set by tax laws. You can submit Form 15G/15H or a certificate under section 197 to request exemption if eligible.

Can I set up goal-based FDs in the app?

Yes, you can create multiple FDs for different goals like travel, education, or emergency savings. Just name your FD accordingly while booking.

Open Kotak811 Zero Balance Savings Account Online

Kotak811 Zero Balance Savings Account: Welcome to a Smarter Way to Bank

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. With exclusive offers spanning travel, lifestyle, and dining, plus a personal accidental cover of ₹2 Lakhs and 24-hour VISA global customer assistance, this savings account is designed to give you both convenience and confidence in every transaction.

Open your Kotak811 Zero Balance Savings Account online and embrace a flexible banking experience that fits your life - no branch visits required. It’s time to bank smarter, not harder.

Everything you need to know about Kotak811 zero balance savings account

Looking for a hassle-free way to save and manage your money? Open Kotak811 zero balance savings account gives you the flexibility to bank on your terms. Here are a host of benefits you can enjoy:

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

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

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

4. 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.

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

6. 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 a Kotak811 zero balance savings account, 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

Opening a Kotak811 zero balance savings account 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 Kotak811 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

IMPORTANT:

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.

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. Returns calculated in above image is for 360 days only.

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