Enjoy seamless banking while you plan your next adventure. With Kotak811, opening a savings account to save for your next holiday is quick and effortless. You can do this in just 3 minutes from the comfort of your home or workplace without visiting the bank.
From secure transactions to free maintenance and zero balance, discover a range of facilities with this savings account.
Features and Benefits of Savings Account for Holiday
Here are some of the main features and benefits you enjoy when you open a savings account for holiday with Kotak811:
- Digitalised, Paperless Process: No matter how busy you are, it just takes 3 minutes to open a savings account. The process is entirely digitalised and does not require any paperwork, thus saving you a lot of time.
- Convenience of Zero Balance: Don’t worry about maintaining a minimum balance. Kotak811’s Savings Account is a zero-balance account that gives you much-needed flexibility while travelling.
- Higher Savings: Trying to save for your next big trip? This savings account offers an interest rate of up to 5.75% with its ActivMoney feature and helps you with your planning.
- Quick Money Transfers with Zero Processing Fee: Whether you are booking your tickets online or making cashless payments, the money is immediately transferred to the recipient. The bank does not charge you anything extra on any transactions.
- Secure Virtual Debit Card: With our highly encrypted network, all your financial details are safe with us. So, spend to your heart’s content without worrying about security.
- Get Rewarded with UPI Payments: Go cashless and enjoy the convenience of UPI payments. Every time you complete a transaction, you get amazing cashback.
Fees and Charges for Savings Account for Holiday
Service | Charges |
|---|---|
Minimum Monthly Balance Needed | ₹0 (Zero-balance account) |
Annual Cashback | ₹0 |
Virtual Debit Card | Free |
Funding During Account Opening | ₹1,000 |
Digital Fund Transfer (NEFT/RTGS/IMPS) | Free |
Physical Debit Card (VISA Classic) | ₹399 |
Daily ATM Cash Withdrawal Limit | ₹25,000 |
Kotak ATM Transaction | Nil for 5 transactions/month |
International ATM Transaction | ₹150/transaction |
Cash Transaction Limit | ₹10,000 or 1 transaction per month |
Cheque Book (on request) | ₹5 per cheque leaf |
Personal Accident Cover | Up to ₹2 Lakhs |
Purchase Protection | Up to ₹50,000 |
Lost Card Liability | Up to ₹2.5 Lakhs |
Documents required to open a savings account for Holiday
Opening a savings account with Kotak811 is quick and paperless. But you should submit these documents when applying for the account:
- Aadhaar Card
- PAN Card
How to open a savings account for Holiday with Kotak811
With Kotak811’s fully digitalised and paperless process, opening a savings account for holiday is effortless. Here are the steps you should follow for this:
- Visit the Website or Download the App
- Visit Kotak811’s official website. Or, download the Kotak Bank 811 App from the Play Store or App Store.
- Give the Basic Information
- To get started, fill in your name, mobile number, and email ID.
- Authenticate with OTP
- Verify your identity by entering the OTP that you receive on your registered mobile number.
- Give Aadhaar and PAN Details
- You must submit your Aadhaar and PAN details for KYC verification.
- Enter the OTP sent to your Aadhaar-registered mobile number.
- Accept Terms and Conditions
- Carefully read the bank’s terms and conditions and accept them to move forward.
- Account Activation
- Once KYC is verified, your account is instantly activated.
- Complete Full KYC
- Make sure to complete your Full KYC by visiting the bank branch within 180 days of account activation.
- Your account will be blocked for transactions if you do not do this.
Important Notes:
- This is a fully online process and takes just a few minutes.
- You must deposit a minimum of ₹1,000 to open the account.
- Kotak811 offers a zero balance savings account with no maintenance charges.
- Keep your PAN and Aadhaar ready to complete the process quickly.
Satisfy Your Wanderlust with Kotak811!
Your holiday dreams can become a reality if you have a savings account for holiday. Just spend 3 minutes online to complete the process and open an account with Kotak 811. Save more and benefit more from our high interest rates. Also, enjoy secure transactions and a zero-balance facility. Spend your money smartly on your holidays.
Popular Searches on Kotak811 Savings Account
Bank Account For Travellers | Open Digital Savings Account | High Interest Savings Account | Digital Monthly Savings Account | Savings Account FAQs | Savings Account For Holiday | Savings Account For Housewife | Savings Account For Pensioners | Savings Account For Self-Employed | Savings Account For Senior Citizens | Savings Account Types | How To Open Savings Account Online | Zero Balance Savings Account For Women | Online Zero Balance Account Opening | Savings Account
Savings Account FAQ's
Can I use this savings account for international transactions?
Absolutely! You can use this savings account for international transactions. However, you will be charged a nominal fee depending on the transaction.
Can I withdraw money from this account while I am travelling?
Absolutely! You can withdraw the money from this account using an ATM while travelling. You may be charged a fee if you use an ATM other than Kotak’s to withdraw cash. Similarly, you will be charged an amount for using ATMs in foreign countries.
Who is eligible to open a savings account for holiday with Kotak811?
Here is the eligibility criteria for opening a savings account for holiday:
- Applicant must be 18+
- Must be an Indian
- Must have a PAN and Aadhaar card