Earning interest on your capital is one of the prime objectives of opening a savings account. The higher the interest rate, the better the chances of capital growth. For that, Kotak811 brings you higher-interest savings accounts.
High-interest savings accounts offer all the benefits of standard savings accounts but with higher rates of interest. Open a savings account in a few easy steps and earn maximum interest on your savings faster.
Features & benefits of high interest savings account
Check out the exciting features of high-interest savings accounts that you can benefit from:
- High interest & faster capital growth: Earn high interest of up to 5.75% p.a. with ActivMoney and grow your savings quickly.
- 100% digital & paperless: Open your savings account, complete all documentation, and manage your savings digitally. No paperwork and no physical visits are required.
- Free virtual debit card: Make easy and secure transactions with a digital debit card.
- Cashback up to ₹250 on UPI payments: Make payments conveniently via UPI and earn exciting cashback.
- Free digital fund transfer: Transfer digital funds, like IMPS, RTGS, and NEFT, instantly and free of any charge.
- Zero balance account: Be free from any obligations to maintain a minimum balance. Save and spend with utmost flexibility.
Fees & Charge
Here is a complete list of all fees and charges associated with a high-interest savings account:
Service | Charges |
|---|---|
Monthly Deposit (Single Transaction) | ₹0 |
Annual Program Fees | ₹0 |
Digital Fund Transfer (NEFT/RTGS/IMPS) | Free |
Funding During Account Opening | ₹1,000 |
Debit Card – Virtual | Free |
Debit Card – Physical (VISA Classic) | ₹399 |
Cheque Book (on request) | ₹5 per cheque leaf |
Documents required
The following documents are needed for the high-interest savings account opening:
- Aadhaar
- PAN
How to open a high interest savings account with Kotak811?
Take a look at the quick and simple online process of opening a Kotak811 high-interest savings account:
- Step 1: Visit the Kotak811 website or download the Kotak Bank 811 App on your mobile device.
- Step 2: Fill in the form with basic information.
- Step 3: Complete the mobile number verification with OTP.
- Step 4: Complete KYC virtually with your PAN and Aadhaar card.
Once all details are shared and KYC is completed, wait for account activation and enjoy seamless banking!
Start saving & earning with Kotak811
3 minutes, a few clicks on the screen, and no hassle of paperwork - opening a high-interest savings account with Kotak811 is as effortless as it gets. Open your Kotak 811 high-interest savings account today and avail of multiple benefits.
Open high interest savings account - Save and Earn Better, Quicker - Enjoy Added Perks
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Savings Account FAQ's
When can I start using the Mobile Banking App?
You can log into the Mobile Banking App once your account is activated. To log in, you will need the Customer Reference Number (CRN) and MPIN that you can generate via UPI apps, Net Banking, ATM, or the bank branch.
Can I apply for a physical debit card?
In addition to the free virtual debit card, we offer physical debit cards upon request. You can request via the Kotak Bank 811 Mobile Banking App. Navigate to the Apply Now and then click on Debit Card in "Card" Section and click to choose the card that suits your needs.
How do I check the virtual debit card?
Log in to the Mobile Banking App using the CRN and MPIN. Once logged in, click on Bank section to find the Virtual Debit card.