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<ul>
<li>The customer herewith confirms that he/she has not used the OTP based AADHAAR (e-KYC) verification to open any other bank account</li>
<li>The customer hereby gives consent and authorizes KMBL to use her/his Aadhaar details (Account opening), core biometric information to authenticate/verify and link her/his Aadhaar Number to all her/his existing bank accounts and customer profile for the purpose of availing banking services during full KYC conversion within 12 months. In case the customer does not convert the account to full KYC within 12 months the bank will close the account following internal guidelines. In a limited KYC account, the customer can maintain a credit balance of up to Rs.1Lakh. The overall cumulative deposit cannot exceed ₹2Lakh.</li>
<li>If the customer provides incorrect details regarding his account seeded with Aadhaar for receiving Direct Benefit Transfer , he/she understands and agrees that bank reserves the right to freeze the account and subsequently close it if customer is unable to complete his Full KYC verification within the stipulated time communicated to the customer</li>
<li>The Limited KYCA/c opening process is unavailable to customers whose address fetched from UIDAI is deemed incomplete by the ban</li>
<li>The customer agrees that if her/ his balance in the limited KYC account exceeds 1 Lakh in a given day or overall cumulative deposit exceeds 2 Lakhs in a F.Y., bank reserves the right to put the account on a total freeze, till such time that customer completes the full KYC process.</li>
<li>The customer agrees to the issuance of a Virtual Debit Card linked to Kotak 811 Account witch is by default disabled for Domestic / International online transactions. Customer can enable/disable any transaction type at any time and change your limits on the Kotak 811 app, Internet banking, etc.</li>
<li>The customer will not be eligible to get a Cheque book for this account</li>
<li>Services customer will not be able to use Cash withdrawal at branch &bull; FCY &ndash; DD &bull; Cheque withdrawal &bull; Investment account &bull; TD/RD &bull; TOD &bull; Activ Money &bull; Investment in IPO</li>
<li>If Customer fails to provide full KYC for any reason, customer understand and agree that the bank reserves right to close the account and customer will have to contact the branch withdrawing any leftover amount in his/her account.</li>
<li>Interest rates on Savings Account have been de-regularized by RBI. The rate may vary from time to time and will be calculated on Daily Product basis on clear balance. The interest on savings accounts will be credited at quarterly intervals or as prescribed by Reserve Bank of India from time to time.</li>
<li>The savings account should be used to route transactions of only non-business/ noncommercial nature, If there are transactions that could be construed as commercial / business/ dubious or undesirable, the Bank reserves the right to unilaterally freeze/suspend operations in such account/s and/ or close the account/s. The number of permissible deposit and withdrawal transactions without any charges are available in <a href="https://www.kotak.com/811-savingsaccount-ZeroBalanceAccount/811/fees-and-charges.action">https://www.kotak.com/811-savingsaccount-ZeroBalanceAccount/811/fees-and-charges.action</a></li>
<li>Computation of AMB / AQB is the summation of end of day balances for the period (month /quarter) / no. of days of the said period (month/quarter). Refer GSFC for details on Non - Maintenance charges</li>
<li>Relationship Value (RV) is a combination of the Average balance across all accounts maintained with the Bank and Investments in MF &amp; Insurance routed through the Bank.</li>
<li>Nomination Facility is available for all types of individual deposit accounts.</li>
<li>Cash Deposit facility is provided at both home &amp; non-home branches. Charges applicable on non-home branches cash deposit is available in GSFC. Cash can also be deposited in Cash Deposit Machines (wherever available)</li>
<li>Bank Customers can avail the facility of Cash Withdrawal through Cash Withdrawal Slip as per limit prescribed by the Bank from time to time by visiting any Bank Branch in person. There is norequirement of submitting passbook while withdrawal of cash through withdrawal slips.</li>
<li>The bank provides the following
<ul>
<li>Passbook facility on Savings Bank Accounts.</li>
<li>Free monthly statement of customer&rsquo;s bank account on visiting the Branch personally.</li>
<li>Free quarterly physical statements to all Passbook Customers. Charges for issuance of Duplicate passbook /statement are available in the GSFC (<a href="https://www.kotak.com/811-savingsaccount-ZeroBalanceAccount/811/fees-and-charges.action">https://www.kotak.com/811-savingsaccount-ZeroBalanceAccount/811/fees-and-charges.action</a>). You can request for a duplicate passbook with entries printed for the time period you want. There are no charges for printing the past entries in the duplicate passbook.</li>
</ul>
</li>
<li>In case of the Entity accepting / receiving any Foreign Contributions , customers need to comply to Foreign Exchange Management Act of 1999 (FEMA).</li>
<li>The customer should carefully examine the entries made in their Statement of Accounts/ Passbook and draw Bank&rsquo;s attention to any errors, omission or discrepancies within 30 days from the date of. The entry falling which the same shall be deemed to be correct and accepted by the customer and the customer shall not be entitled to question the correctness/accuracy thereof.</li>
<li>Cross border inward and outward transactions are not allowed in these wallet accounts.</li>
<li>Bank has sent and saved the safe banking tip, awareness messages for secured use of PPI&rsquo;s. Password and other information related to the account access has to be kept confidential and secured. Procedure to be followed in case of loss or theft card or authentication data or if any fraud / abuse is detected, etc. the same has been hosted on Bank&rsquo;s website.</li>
</ul>

811 Fees and Charges

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<p>You agree that we may use Customer Information for the purpose of statistical analysis and for creation of data ("Statistical Information"), which does not contain individual Customer Information. In addition to the information that the Bank elicits from you, you are free to volunteer any other information that you feel that the Bank needs to know, but the security and confidentiality as per this Policy is guaranteed only to the information that the Bank directly asks from you.</p>
<p>This Policy holds true for a non-customer who has provided information to the Bank, by any means, with the intentions of establishing a relationship, of whatsoever nature, with the Bank. By divulging any information to us you agree to the terms and conditions of this Policy.</p>
<h4>Use of Customer Information / Statistical Information</h4>
<p>We may use the Customer Information for, among other things, customer verification, provision of products and services, for personalization of products or services, marketing or promotion of our financial services or related products or that of our associates and affiliates; for creation of Statistical Information, statistical analysis or credit scoring, enforcement of your obligations, any other purpose that will help us in providing you with optimal and high quality services.</p>
<h4>Security</h4>
<p>We have taken reasonable measures to protect security and confidentiality of the Customer Information and its transmission through the World Wide Web. You are required to follow the Terms and Conditions while using this Website including the instructions stated therein in respect of security and confidentiality of your Log-in and Password.</p>
<p>The Bank will give access to Customer Information to only authorised employees. Employees who violate this Privacy Policy shall be subject to disciplinary process as per the byelaws of the Bank. Any employee who withdraws from the employment of the Bank will have to undertake to abide by this Privacy Policy and keep all Customer Information secure and confidential.</p>
<h4>Disclosure</h4>
<ul class="list-points">
<li>We shall not be held liable for disclosure of the Customer Information or Statistical Information in accordance with this Privacy Commitment or in terms of any other agreements with you.</li>
<li>We may disclose the Statistical Information to any person, without any limitation and you hereby give your consent for the same.</li>
<li>We may disclose Customer Information to any of our associates and affiliates, without any limitation and you hereby give your consent for the same.</li>
<li>We may disclose the Customer Information to third parties for following, among other purposes, and will make reasonable efforts to bind them to obligation to keep the same secure and confidential and an obligation to use the information for the purpose for which the same is disclosed, and you hereby give your consent for the same: -
<ul class="list-points">
<li>For advertising. or</li>
<li>For facilitating joint product promotion campaigns. or</li>
</ul>
</li>
<li>We may disclose the Customer Information, to third parties, without limitation, for the following reasons;
<ul class="list-points">
<li>To comply with legal requirements, legal process, legal or regulatory directive/ instruction. or</li>
<li>To enforce the Terms and Conditions of the products or services. or</li>
<li>To protect or defend our rights, interests and property or that of our associates and affiliates, or that of our or our Affiliate's employees, consultants etc. or</li>
<li>For fraud prevention purposes. or</li>
<li>As permitted or required by law.</li>
<li>For participation in any telecommunication or electronic clearing network. or</li>
<li>For availing of the support services from third parties e.g. collecting subscription fees, and notifying or contacting you regarding any problem with, or the expiration of, any services availed by you.</li>
<li>For the purposes of credit reporting, verification and risk management to/ with clearing house centers or credit information bureau and the like.</li>
</ul>
</li>
<li>For sharing with third-parties information obtained with your consent, from your mobile device like device location, device information (including storage, model, installed apps, Wi-Fi, mobile network) transactional and promotional SMS, communication information including contacts and call logs ,for statistical modelling, credit scoring and any other purpose that will help us in providing you with optimal and high quality services.</li>
</ul>
<h4>Grievances</h4>
<p>For discrepancies and grievances pertaining to processing of Information, you shall get in touch with our Grievance Officer,&nbsp;<strong>Ms. T Kamat</strong>&nbsp;at <a title="" href="mailto:nodalofficer@kotak.com" target="_blank" rel="noopener">nodalofficer@kotak.com</a>. &nbsp;&nbsp;</p>
<h4>Cookie Policy</h4>
<p>To continually enhance your online experience, we use cookies that store your preferences and give us data about your browsing behaviour, such as the pages you visited on this website, how much time you spent on our site, etc. This information helps us understand customer interests and helps us improve our website. By visiting the website, you acknowledge, accept and expressly authorize us for the placement of cookies on your computer or hand held device. Please find below some more information regarding cookies and their application on our website:</p>
<h4>What are Cookies?</h4>
<p>A cookie is a simple text file that is stored on your computer or mobile device by a website&rsquo;s server and only that server will be able to retrieve or read the contents of that cookie. Every cookie is unique to your particular web browser. It will contain some anonymous information such as a unique identifier and the site name with some digits and numbers. It allows the website to remember your browsing behaviour &amp; show you relevant ads based on the browsing pattern. The cookies also allow the website to limit the number of ads shown.</p>
<h4>How does Kotak.com use Cookies?</h4>
<p>Kotak.com uses cookies to capture following information &ndash;</p>
<ul class="list-points">
<li>Source of visit to the website</li>
<li>Time spent on the website</li>
<li>Pages viewed on the website</li>
<li>Ad clicks</li>
</ul>
<p>In addition to analyzing anonymous user behaviour on Kotak.com, aforementioned data also allows us to pre-empt requirements of prospects and existing account holders (by capturing their CRN number) &amp; pitch relevant services through display advertising or tele calling.</p>
<p>Please note that the scope of this tracking is limited to the kotak.com domain. User activity on other third-party websites is not tracked by Kotak.com cookies.</p>
<h4>Further information about cookies</h4>
<p>If you&rsquo;d like to learn more about cookies in general and how to manage them, visit <a href="http://www.aboutcookies.org/" target="_blank" rel="noopener">www.aboutcookies.org</a>.</p>
<h4>Changes to this policy</h4>
<p>The above may change at any time. We will endeavor to notify you of any major changes but you may wish to check it each time you visit our website.</p>

Privacy Policy

<h2>Opening a Zero Balance Savings Account in 3 Minutes</h2><p><span class="ui-provider a b c d e f g h i j k l m n o p q r s t u v w x y z ab ac ae af ag ah ai aj ak" dir="ltr">Say goodbye to low interest! Get up to 7%* interest p.a. in your savings account with Kotak811&rsquo;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.</span></p><h2>Features &amp; Benefits Of Zero Balance Savings Account</h2><ol><li>Completely online opening process</li><li>Get up to 7%* interest p.a. with ActivMoney</li><li>Paperless Process - no paperwork, no hassle!</li><li>Instant Virtual Debit Card &amp; Credit Card Against FD</li><li>No charges for non-maintenance of balance</li><li>24/7 access through the Kotak 811 App and Internet Banking</li><li>Free digital transactions like NEFT, IMPS, UPI, Pay your contact, Scan &amp; Pay</li></ol><h2>Fee &amp; Charges Of Zero Balance Savings Account</h2><ol><li><strong>Account Opening</strong>&nbsp;- Free&nbsp;</li><li><strong>Non-maintenance</strong>&nbsp;- No charge&nbsp;</li><li><strong>Average Monthly Balance</strong>&nbsp;- Zero</li><li><strong>Debit card virtual</strong>&nbsp;- free</li><li><strong>Funds Transfer</strong>&nbsp;- NEFT / RTGS (Nil Charges) / IMPS (Through Internet &amp; Mobile Banking)</li><li><strong>Annual Fee</strong>&nbsp;- Nil&nbsp;</li><li><strong>Physical Debit Card</strong>&nbsp;&ndash; ₹299</li><li><strong>Image Debit Card</strong>&nbsp;- A onetime image fee of ₹235 and an annual fee of ₹299 inclusive of all taxes.</li><li><strong>Card Replacement Fee</strong>&nbsp;- ₹299</li><li><strong>Foreign Exchange Mark-up</strong>&nbsp;- Fee 3.5%</li><li><strong>ATM Charges (after free transactions)</strong><ul><li>For Financial Transactions: Rs.21</li><li>For Non-Financial Transactions: Rs.8.50 on domestic ATMs of other banks</li></ul></li></ol><h2>How To Open 811 Zero Balance Savings Account Online</h2><p>Use the Kotak811 App or the Website.</p><ol><li>Enter Mobile Number, Email ID, and Pin code</li><li>Verify Aadhaar and Pan</li><li>Complete Full KYC</li></ol><h2>Eligibility Criteria For Zero Balance Savings Account</h2><ol><li>Citizen of India</li><li>Aged 18 and above</li><li>Aadhaar and Pan Card</li></ol><h2>Documents Required For Zero Balance Savings Account</h2><p>Paperless verification and minimal documentation</p><ol><li>Aadhaar Card</li><li>Pan Card</li></ol><h2>Why Should You Choose a Kotak811 Zero Balance Account?</h2><ol><li><strong>No minimum average balance: </strong>Make the most with no monthly average balance maintenance requirement.</li><li><strong>Paperless account opening process</strong>: Choose the convenience of opening a zero balance account online within a few minutes - anytime, anywhere.</li><li><strong>Additional benefits:</strong> A free virtual debit card, plus cash and cheque deposits at the bank&rsquo;s branch.</li><li><strong>Digital payments:</strong> Make digital payments easily using NEFT, UPI and Scan &amp; Pay.</li></ol><h2>5 Things You Should Know About Kotak811 Zero Balance Savings Account:</h2><ol><li>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.</li><li>You can open a digital zero balance account online from the comfort of your home. All you need is your PAN and Aadhaar number.</li><li>Earn the prevailing interest on your zero balance savings account deposits.</li><li>With your zero balance account, enjoy facilities such as debit cards, cheque books, internet banking and mobile banking.</li><li>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.</li></ol><h2>Kotak811 Zero Balance Account Is For Everyone</h2><ol><li>Now you can open a zero balance account using your Aadhaar and PAN Card along with other details.</li><li>Kotak811 is a zero balance savings account that can be opened online by everyone (Resident Indian individuals above the age of 18 only).</li><li>Whether at work, at home or on vacation you can open an 811 account instantly, without ever stepping out.</li><li>Kotak811 is a zero balance savings This means that you don&rsquo;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 <a title="" href="https://www.kotak811.com/savings-account/811-digital-savings-account" target="_blank" rel="noopener">digital bank account.</a></li></ol><h2>Kotak811 FAQs</h2><h3>What is a zero balance savings account?</h3><p>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.</p><h3><strong>How to open a zero balance saving account?</strong></h3><p>Easily apply on the Kotak811 Website or the Kotak811 App. In&nbsp; 3 minutes to open the account.</p><h3>Can i open a zero balance savings account online?</h3><p>Yes! Kotak811 Zero Balance Savings Accounts can be opened completely online.</p><h3>Who can open a zero balance account?</h3><p>An Indian citizen over 18 years of age.</p><h3><strong>How to open a zero balance account without a PAN card?</strong></h3><p>You will need your PAN and Aadhaar Card to open a Zero Balance Savings Account. If you don&rsquo;t have your PAN Card, please reach out to customer care.</p><h3><strong>Can i open a zero balance account in kotak bank?</strong></h3><p>Yes, you can open a zero balance account in Kotak Bank.</p><h3><strong>Can i open a zero balance savings account online?</strong></h3><p>Kotak811 Zero Balance Savings Accounts can be opened in under 3 minutes online.</p><h3>How can i track my zero balance savings account online?</h3><p>It&rsquo;s an instant opening after KYC. Account related activities can be tracked in real time on the Kotak811 App and through Internet Banking.</p><h3>How to use the zero balance savings account online?</h3><p>Just log in to your account using your mobile number/customer ID, authenticate via OTP, and you can use your account online.</p><h3>What are the interest rates on opening a zero balance savings account online?</h3><p>You can get up to 7% interest on your savings with Kotak811 ActivMoney.</p><h3>How can i open a bank zero balance savings account online instantly?</h3><p>It can&rsquo;t get more instant than opening a Zero Balance Savings Account with Kotak811.</p><h3>How to use the zero balance savings account online?</h3><p>Just log in to your account using your mobile number/customer ID, authenticate via OTP, and you can use your account online.</p><h3>What are the interest rates on online bank account opening with zero balance?</h3><p>You can get up to 7%* interest on your savings with ActivMoney.</p><p><strong>Kotak Bank Registered Address:</strong> 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051</p><p>*<a title="" href="https://www.kotak811.com/insights/savings/how-to-apply-for-activ-money" target="_blank" rel="noopener">How ActivMoney Works</a> | <a href="https://www.kotak811.com/savings-account/activ-money-savings-account/terms-and-conditions">ActivMoney Terms and Conditions </a></p><p><strong>IMPORTANT:</strong> 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.</p><p><strong>Aadhaar Disclaimer:</strong></p><p>Providing Aadhaar is voluntary. Scan and Pay through your Kotak Mobile Banking App at select in-store outlets.</p><p><strong>ActivMoney Disclaimer:</strong></p><p>Liquidated Dep2 for <strong>₹</strong>25, 000 and liquidated in part for <strong>₹</strong>15,000 from Dep1 to honour the cheque of <strong>₹</strong>40, 000 as breaking of FD is done in multiples of <strong>₹</strong>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 <strong>₹</strong>15,000 liquidated from Dep1 would earn eligible interest for 16 days.</p><p><span class="black-text">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.</span></p>

Terms & Conditions for 811 account opening:

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