Zero Balance. Unlimited Benefits.

811 Digital Savings Account

Simply use your Aadhaar and PAN to open a zero balance savings account from your phone.
Open Zero Balance Account
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    Open zero balance account and use for free, digitally

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    Control your digital savings account from your phone

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    Shop & pay with a no-fee virtual debit card

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    Enjoy 7%* interest rate p.a. with ActivMoney

Less about paper, more about benefits

Complete your Full KYC with zero paperwork, open digital savings account, and unlock limit-free benefits with Kotak811.

No charges, all the way

Spend as you like with the freedom of your digital balance savings account, free of annual charges* or fines for non maintenance of a minimum balance.

*Charges applicable only on the order of a physical debit card

One, ultimate, powerful app

Download the Kotak811 Mobile Banking App to access your digital savings account at the tap of a finger.

Download the App

Ready virtual debit card

  • Free of cost
  • Absolutely digital
  • Perfect for online payments

Great interests and earnings

Make money as you save up to 7%* interest p.a. on your savings with ActivMoney.

Make life easier. Get your 811.

Open Zero Balance Account

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Frequently Asked Questions

You are eligible for 811 digital savings account if you meet all of the below requirements:

  1. You are 18 years of age or above
  2. You have a valid Aadhaar and PAN card
  3. You are a resident of India with an Indian address
  4. You have not been an old customer or are an existing customer of Kotak Mahindra Bank

To open digital savings account, click here.

Submission of Aadhaar is completely voluntary.

Kotak811 savings account is a zero balance account. Hence, you do not have to maintain a minimum balance. However, 811 Edge Savings Account requires you to maintain a minimum Average Monthly Balance of ₹10,000.

Aadhaar card is mandatory to open a 811 digital savings account.

PAN card is mandatory to open a 811 digital savings account. But don't worry if you don't have one. You can apply for your PAN card here, and we'll patiently await your return.

There are four types of savings accounts under Kotak811:

  • Kotak811 Full KYC
  • Kotak811 Edge
  • Kotak811 Limited
  • Kotak811 Lite

811 digital savings account is an online savings account that allows you to manage your finances digitally through internet and mobile banking platforms, providing convenience and ease of access.

To open a Kotak811 digital savings account-

  • Download the mobile app
  • Fill in the required details
  • Complete the KYC process, and your account will be opened instantly.

The benefits of 811 digital savings account include-

  • 7%* interest with ActivMoney
  • Quick online transactions
  • Easy bill payments
  • Virtual debit card for shopping
  • 24x7 access to your account

*How ActivMoney works? | ActivMoney Terms and Condition

The steps to open a digital savings account involve

  • Download the our Instant Account Opening App
  • Fill in the required details
  • Complete the VKYC process, and your account will be opened instantly.

Yes, a PAN card is mandatory for opening a digital savings account as it is required for identification as per regulatory guidelines.

Unfortunately, the Kotak 811 account is intended for a single user only, and cannot be held jointly.

Video KYC is only applicable to new Kotak customers. Existing Kotak 811 customers can click on this link to book their full KYC appointment or walk into the nearest bank branch with the necessary documents.

An instant bank account, like Kotak811, is activated instantly after completing the necessary steps and verification, allowing you immediate access to your account.

Interest on savings bank account is generally calculated on a daily or monthly basis and credited to the account on a quarterly or half-yearly basis. The interest earned on a savings account is taxable income as well.

Adding a nominee to your account is the smart thing to do. In the unfortunate event of an accident or untimely death, the funds in your account will be transferred to your nominee quickly and easily.

For a 811 digital savings account, the average balance requirement is ₹0.

A virtual debit card is a digital card linked to your digital savings account that allows you to make online transactions and payments without the need for a physical card.

You can use your virtual debit card for online shopping, bill payments, merchant payments, and other transactions at websites and platforms that accept debit card payments.

You can find the details of your virtual debit card in your mobile banking app under the cards section or by contacting the customer service.

Virtual debit cards are generated instantly upon opening a digital savings account, and you can access the details immediately through your banking app.

You can use your mobile phone to carry out transactions by downloading the Kotak811 app and accessing features such as fund transfers, bill payments, and account management.

To apply for a cheque book, you can use your mobile banking services. Look for the option to request a cheque book and follow the instructions provided.

Debit card benefits may include

  • Instant ATM withdrawals
  • Discounts on shopping, dining, and entertainment
  • Travel benefits
  • Insurance coverage
  • Earn interest monthly or quarterly

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