While you may not be the earning member of the house, when it comes to savings, a lot of it falls on your shoulders. Kotak811 knows how being a housewife is a job-demanding responsibility, and with this understanding, we are set to give you a secure and completely digitalised savings account experience.
Open a zero balance account in just 3 minutes without stepping out of your home - that too without any paperwork. No minimum balance maintenance. No fees or charges. Just savings!
Features & benefits of savings account for Housewife
- Completely Digital and Paperless Process: To open a savings account, you don’t have to visit the nearest Kotak branch or deal with endless paperwork. Our processes are fully digitalised and help you open an account online in just 3 minutes.
- Offers Zero-Balance: Maintaining a minimum balance is not always possible. This savings account allows you to spend and save at your convenience with the flexibility of zero balance.
- Competitive Interest Rate for More Savings: Want an account that helps you with long-term financial planning? With the ActivMoney feature, get an interest rate of 5.75% p.a. and earn more on your savings.
- Effortless Money Transfers: Whether you are transferring money to your family, paying for services, or shopping online, enjoy seamless and cost-free transactions with free digital transfers (IMPS/RTGS/NEFT).
- Safe & Convenient Virtual Debit Card: Do you like getting your work done online, be it shopping or paying bills? With the Kotak811 Savings Account’s Virtual Debit Card, online transactions are secure and risk-free.
- Exciting Cashback on UPI Payments: Your digital payments get more rewarding as you get up to ₹250 cashback on UPI payments.
- Daily ATM Cash Withdrawal Limit: Need quick cash for household expenses or emergencies? Withdraw up to ₹25,000 per day from ATMs with ease.
- Cash Transaction Limit: Stay in control of your cash needs with a monthly free cash transaction or up to ₹10,000, whichever is earlier.
- Personal Accident Cover: Get financial security in case of unforeseen accidents with a personal accident cover of up to ₹2 Lakhs.
- Purchase Protection: Shop worry-free - your purchases are protected up to ₹50,000 in case of damage or theft.
- Lost Card Liability: If your debit card gets lost or misused, you’re covered for losses up to ₹2.5 Lakhs.
Fees & Charges to Open a Savings Account for Housewife
Service | Fees |
|---|---|
Average Monthly Balance Maintenance | ₹0 (as no minimal balance maintenance requirements) |
Annual Program Fees | ₹0 |
Digital Fund Transfer (NEFT/RTGS/IMPS) | ₹0 |
Amount Required to Open Account | ₹1000 (can be withdrawn) |
Virtual Debit Card | Free |
Cheque Book (on request) | ₹5 per cheque leaf |
Physical Debit Card (Visa Classic) | ₹399 |
Documents Required
Opening a savings account for a housewife at Kotak811 is quite straightforward. All you need to submit are the following documents:
- Aadhaar Card
- PAN Card
How to open a savings account for a housewife with Kotak811?
The process of opening a savings account for a housewife is completely digital and superfast. Here are the steps you must follow for these:
- Visit the Official Website or Download the App: Quickly open a savings account for housewives by visiting Kotak811’s official website. You can also download the Kotak Bank 811 Mobile App from the Play Store or App Store.
- Fill in the Basic Information: Start by filling in your personal details like name, mobile number, and email ID.
- OTP Verification: You will receive an OTP on your registered mobile number. Enter this to verify your details.
- Enter Aadhaar Card and PAN Card Details: For KYC verification, give your Aadhaar Card and PAN details. When you do this, you will get an OTP on the mobile number you have registered with your Aadhaar Card. Enter this to move further.
- Accept the Terms and Conditions: Read all the terms and conditions carefully and then accept them.
- Activation of Account: As soon as your KYC is verified, your account will be activated.
- Complete Your KYC (If Necessary): It is important to complete your KYC within 180 days of account activation to prevent any disruptions in your banking services. Failing to do this can lead to the bank blocking transactions.
Important notes:
- The process of account opening can be completed online within a few minutes.
- You must deposit a minimum of ₹1,000 to open the account. This can be withdrawn later.
- This savings account gives you a zero-balance facility and does not have any maintenance charges.
- Keep your Aadhaar and PAN Card ready to complete the application process quickly.
Manage your finances with ease with Kotak811
Open a savings account for a housewife from the comfort of your home without any paperwork or branch visits. We offer high interest rates, secure digital banking, convenience, and complete financial flexibility. So, choose Kotak 811 to be your banking partner.
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Savings Account FAQ's
What is the eligibility for opening a savings account for a housewife?
In order to open a savings account for a housewife with Kotak811, you must be above 18 years of age. Additionally, you should have a valid Aadhaar and PAN Card.
Can I make my husband a joint account holder for my savings account?
The Kotak811 Savings Account for housewives is meant for single users only. But if you want to add another account holder, you can do this by visiting the nearest branch after your KYC is completed.
When will I receive my Virtual Debit Card after opening the savings account?
As soon as you open your account, you will get your virtual debit card. For this, open the Kotak811 Mobile Banking app and log in. Then click on the 811 tab and go to the Virtual Debit Card tab to know the details.