Kotak Mahindra Bank Kotak 811 Digital Savings Account How to open a zero balance savings account which is hassle free and can be opened online. Below are the step by step instructions to open a zero balance account along with other requirements.
Steps to Open a Kotak 811 Zero Balance Account Online
1: Visit Kotak Website and App
- Go to www.kotak811.com or download the Kotak 811 App from the Google Play Store or Apple App Store
2: Enter Basic Details:
- Enter your name, mobile number, email ID, and PIN code
- Verify your mobile number with the OTP sent to you
3: Submit PAN and Aadhaar Details
- Enter your PAN Card and Aadhaar Number
- Allow the bank to access your Aadhaar details for verification (RBI mandates Aadhaar OTP verification for zero balance accounts
4: Complete Video KYC
- Schedule and complete a Video KYC session to verify your identity. This can be done from home, eliminating the need to visit a branch
5: Fill Additional Details
- Provide details like date of birth, parents’ names, and address (ensure it matches your Aadhaar
- Accept the terms and conditions
6: Account Activation
- Once your video KYC is complete, your account will be opened and you can activate UPI
Eligibility Criteria
- Your age must be above 18 years
- You are an Indian resident
- You must have a PAN card, Aadhaar card and a verified mobile number.
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Key Features and Benefits
Zero Balance: No minimum balance requirement, so no penalties for low or zero balance
Interest Rate: Earn up to 7% p.a. with ActivMoney (auto-sweep facility that converts excess funds into fixed deposits
Digital Banking: Access 24/7 via the Kotak 811 app or net banking for UPI, NEFT, IMPS, bill payments, and more
Virtual Debit Card: Get a free virtual debit card for online transactions (daily limit up to ₹1 lakh
Cashback Offers: Up to ₹6,000 cashback yearly on transactions
Additional Perks: Personal accidental cover of ₹2 lakhs and exclusive offers on travel, dining, and lifestyle
How to Complete Full KYC (if needed)
Visit a Kotak Mahindra Bank branch within 180 days with your PAN, Aadhaar, and other valid documents (e.g., driving license) for in-person verification, or complete it via Video KYC
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