Kotak811 Saving Account

Why is this process simple?

1. 100% online - no paperwork, no branch visits.
2. Video KYC ensures compliance without delays.
3. Initial funding amount is yours to use freely after activation; there is no ongoing minimum balance requirement.

Eligibility & Requirements

To open a Kotak811 Zero Balance Savings Account, you must:

1. Be an Indian resident aged 18 years or above.
2. Have a valid Aadhaar card and PAN card.
3. Ensure your Aadhaar is linked to your mobile number for OTP verification.
4. Use a smartphone with a working camera and internet access for video KYC.

Documents required

1. Aadhaar Card (linked to your mobile)
2. PAN Card

Balance Requirement & Charges

1. Minimum balance: Nil (true zero balance account).
2. Initial funding: ₹2,000 for Zero Balance Account; ₹10,000 for 811 Super Account.
3. Account opening: Free of cost.
4. Annual program fees: Nil (Zero Balance); ₹499 (811 Super Account).
5. Cheque book: ₹5/leaf (Zero Balance); 1 free book/year (811 Super Account).
6. Physical debit card charges: VISA Classic: ₹399 (Zero Balance); VISA Platinum: Free (811 Super Account).

Account Features & Limits

1. Fund transfers: Free via NEFT, RTGS, IMPS, and UPI
2. Virtual debit card: Free for Zero Balance Savings Account and 811 Super Savings Account
3. ATM withdrawals: ₹25,000/day (Zero Balance); ₹1 lakh/day (811 Super Account).
4. Cash transaction limit: ₹10,000 or 1 transaction/month (Zero Balance); ₹1 lakh or 2/month (Super Account).
5. Insurance cover:
1. Personal accident: Up to ₹2 lakh (Zero Balance); up to ₹15 lakh (811 Super Account).
2. Air accident: Not applicable (Zero Balance); up to ₹50 lakh (811 Super Account).
3. Purchase protection: Up to ₹50,000 (Zero Balance); up to ₹1 lakh (811 Super Account).
4. Lost card liability: Up to ₹2.5 lakh (Zero Balance); up to ₹3.5 lakh (811 Super Account).