Interest Rate On Savings Account

Get premium benefits with Kotak811 savings account. Open an account instantly from anywhere and take your banking experience to a superior level

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Interest with your existing bank 0

Interest with Kotak811 0

Additional interest earned*

0

Earn up to 7%* interest with ActivMoney

Get the best interests on your savings with Kotak 811 today!
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Want to know more on Eligibility criteria

The individual applying for this savings account should be a citizen of India. The applicant should be 18 years and above to be eligible, except in cases of a minor savings account. The applicant will be required to submit valid KYC documents proving his/her identity and address along with the account opening form.

Depending on the minimum balance requirement of that specific savings account, the applicant will need to make an initial deposit while opening the account.

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The individual applying for this savings account should be a citizen of India. The applicant should be 18 years and above to be eligible, except in cases of a minor savings account. The applicant will be required to submit valid KYC documents proving his/her identity and address along with the account opening form.

Depending on the minimum balance requirement of that specific savings account, the applicant will need to make an initial deposit while opening the account.

NOW get an 811 bank account AND complete your KYC journey from home over VIDEO with a Banking Officer in just a few steps. The process is open for Indian residents present in India during the process.

At the moment, new users can use this facility to open a Kotak 811 account. The account created through the video KYC process is a full KYC account with no restrictions on deposits & spends.

Our account will be fully operational, subject to the successful completion of the Video KYC process and due diligence verification completed by the Bank.

Existing Aadhaar based 811 OTP A/C holders can now complete their KYC through a video call by clicking here.

To know more about this facility and other details, kindly click here.

Testimonials

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I am a developer myself. And let me give you my honest opinion about the app. The account opening process is easy, fast and paperless. The Kotak811 app is loaded with multiple features, which is essential for daily banking requirements. The zero balance account feature is a big YES for everyone looking for a savings account. Guys, only 1 observation please address the not so frequent app reload issue. In the nutshell I love this instant account from Kotak.

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Was facing login problems, but after the update now it’s working fine. No need to visit any branch anymore.

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The interface is friendly & organized. Doesn’t crash, a good app.

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Great app, great functionalities. I’m happy!

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Frequently Asked Questions

A savings account is a type of bank account where you can deposit and store your money while earning interest on the balance. It provides a safe and convenient way to save money for future needs or financial goals.

Open a Kotak811 Savings Account online for a hassle-free banking experience. Enjoy the convenience of 24/7 access to your account, competitive interest rates, and no minimum balance requirements. Manage your finances efficiently with a user-friendly mobile app and avail of various banking services from the comfort of your home.

Different types of savings accounts cater to specific needs such as regular savings accounts, high-interest savings accounts, children's savings accounts, and senior citizens' savings accounts. Each account type may offer unique features and benefits to suit different financial goals and requirements.

Yes, Kotak811 Bank offers a Zero Balance Savings Account, allowing you to open a new bank account without the need for maintaining a minimum balance. Enjoy the flexibility to manage your funds without any financial constraints.

The minimum balance requirement in a savings account refers to the minimum amount of funds that must be maintained in the account. It varies based on the bank and type of savings account. Kotak811 Bank offers a Zero Balance Savings Account, eliminating the need for a minimum balance.

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