Types of 811 Savings Account
Index | 811 Savings A/c | 811 Super A/c |
Monthly deposit - In a single transaction | ₹0 | ₹5,000 |
Zero balance account | ✓ | ✓ |
Annual cashback | ₹0 | Up to ₹6,000* |
Annual Program fees | ₹0 | ₹399 |
Digital Fund Transfer - NEFT/RTGS/IMPS | Free | Free |
Funding during a/c opening process | ₹1,000 | ₹5,000 |
Virtual Debit Card | Free | Free |
Physical Debit Card | VISA Classic ₹399 | VISA Platinum - Free |
Daily ATM cash withdrawal | ₹25,000 | ₹1 Lakh |
Cash transaction limit | ₹10,000 or | ₹2 Lakhs or |
Dedicated customer support | NA | ✓ |
Cheque book | ₹5 per cheque leaf | One Free / year |
Up to 6% interest p.a. with ActivMoney^ | ✓ | ✓ |
Only Aadhaar & Pan card needed | ✓ | ✓ |
Personal accident cover | Up to ₹2 Lakhs | Up to ₹15 Lakhs |
Purchase protection | Up to ₹50,000 | Up to ₹1 Lakh |
Air accident cover | NA | Up to ₹50 Lakhs |
Lost card liability | Up to ₹2.5 Lakhs | Up to ₹3.5 Lakhs |
Open Zero Balance Savings Account Online
Kotak Bank Registered Address: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051
Aadhaar Disclaimer: Providing Aadhaar is voluntary. Scan and Pay through your Kotak Mobile Banking App at select in-store outlets.
^ActivMoney Disclaimer: ActivMoney (Auto Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current/Savings Account to a Term Deposit (TD) Account for 180 days. In case of insufficient balance/Sweep in threshold in Savings Account, the TD will be broken prematurely and the required amount will be transferred to Savings Account.
Default Sweep Out and Sweep In for limit for an account variant are the minimum thresholds and one will not be able to opt for limits lower than these. Auto-Sweep out of funds above a pre-specified threshold from Savings to Fixed Deposit will be for 180 days and in multiples of Rs.5,000/- The nomination registered for Saving Account will apply for FDs created through ActivMoney. If customer opts for ActivMoney in an account, standalone Fixed Deposits cannot be linked to that account. Terms and Conditions guiding the fixed deposit will be applicable to fixed deposits booked under ActivMoney.
Savings Account:
Disclaimer for all SA communication where interest rate is mentioned is as below:
Earn 2.75% interest p.a. on all Savings Account balance. Applicable for Resident Accounts only. The interest rates are subject to change. Visit www.kotak.com for latest information on interest rates.