Kotak811 makes savings easier, more convenient, and more rewarding than ever. We present our strategically tailored savings accounts to meet the diverse saving needs of all our customers.
811 Zero Balance Digital Savings Account
Our zero balance savings account comes with no requirement of minimum balance maintenance, allowing you maximum flexibility when it comes to addressing your savings and spending habits. With a 3-minute account opening process and zero paperwork, we have streamlined the process for you.
Features and Benefits
- Zero balance maintenance
- Attractive interest rates of up to 5.75% (p.a.) with ActivMoney
- Virtual debit card without any charge
- 100% Digital and paperless procedures
- Cashbacks of up to ₹250 on UPI payments
- Cash transaction limit of ₹10,000 or 1 transaction/month
- Free digital fund transfer - IMPS, RTGS, and NEFT
811 Super Savings Account
Introducing our premium savings account! The 811 Super Savings Account is designed with affordability in mind. Along with no average monthly balance maintenance requirement, the account offers a free Platinum Debit Card and a free cheque book. Open a Super Savings Account in 3 minutes. Existing savings account holders can now upgrade through the Kotak Bank 811 App with zero hassle.
Features and Benefits
- Assured cashback of 5% - up to ₹500 per month
- Free Platinum Debit Card
- Cheque book One Free / year
- No minimum balance maintenance requirement
- Daily Transaction limit of ₹2 lakhs or 4 transactions per month
- Daily withdrawal limit of ₹1 lakh
- Dedicated customer care service
Insurance Benefits
Yes, the 811 Super Savings Account offers the following insurance benefits:
- Accidental death personal cover - up to ₹15 lakhs
- Air accident cover - up to ₹50 lakhs
- Lost baggage insurance - ₹1 lakh
- Lost card liability - up to ₹3.5 lakhs
- Purchase protection limit - up to ₹1 lakh
Fees & Charges
View and compare the fees and charges levied on the 811 Zero Balance Digital Savings Account and 811 Super Savings Account:
Fee/Charge Component | 811 Savings A/c | 811 Super Savings A/c |
|---|---|---|
Mandatory Monthly Deposit | ₹0 | ₹5,000 |
Annual Program Fees | ₹0 | ₹399 |
Annual Cashback | ₹0 | Up to ₹6,000 |
Digital Fund Transfer (NEFT/RTGS/IMPS) | Nil | Nil |
One-time Funding During A/c Opening | ₹1,000 | ₹5,000 |
Physical Debit Card | ₹399 (VISA Classic) | Free (VISA Platinum) |
Cheque Book | ₹5 per cheque leaf | One Free / year |
Documents Required
For both types of savings accounts at 811, you need to show the following documents:
- Aadhaar
- PAN
How to open a savings account with Kotak811?
Open your 811 Savings Account or 811 Super Savings Account in these simple steps:
- Visit our website or download the Kotak811 App.
- Choose from the two savings accounts available and click on the Apply button.
- Provide all details and complete KYC.
Your account will be activated shortly.
Save and Earn at Your Convenience with Kotak811!
Not everyone has the same saving needs and goals. With Kotak811, now save and spend with complete convenience and flexibility. Compare the features and benefits, and then choose from our tailor-made savings accounts to reach your financial goals.
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Popular Savings FAQ's
Are there any joint savings accounts?
As of now, the Kotak 811 Savings Accounts are for individual users only.
How do I upgrade to the 811 Super Savings Account?
Open the mobile banking app, and you will find the Upgrade to 811 Super button under Offer section. Click on it, and proceed as instructed.