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Kotak Mahindra Bank Zero Balance Account Opening Online 2022: Kotak 811 is a digital zero balance savings account that can be opened online by everyone (Resident Indian individuals only). Kotak 811 Digital Savings Account lets you apply for zero balance savings account or an 811 Edge Digital savings account based on your needs, which acts as a one-stop solution for all your financial needs and day to-day transactions.
Are you looking to open a new zero balance account online Now, open a digital savings account using Aadhaar Card, PAN Card along with other details Kotak Mahindra Bank Zero Balance Account Opening Online.
Kotak Mahindra Bank Zero Balance Account Opening Online 2022
Apply for Kotak 811 Zero Balance Savings account, Kotak Mahindra Bank Zero Balance Account Opening Online 2022 and grow your money by booking Fixed Deposit of minimum ₹10,000. The digital savings account also lets you transfer funds, pay bills and do more easily.
Can I open zero balance account in Kotak Mahindra Bank?
Kotak 811 is a digital zero balance account that you can open online. Kotak Mahindra Bank Zero Balance Account Opening Online The online savings account opening process is seamless, zero-contact and barely takes a few minutes.
Benefits of 811 Zero Balance Savings Account with Unlimited Features
Get the full-fledged award-winning 811 experience – with unlimited account validity and unrestricted deposits and spends. Complete your KYC verification of your Zero Balance Savings Account right from your home.
Kotak Mahindra Bank Zero Balance Account Opening Online 2022 Features
Minimum Balance: As it is a zero balance saving account, there are no charges or fine on non-maintenance of minimum balance. Now, spend your balance to the last rupee without any worry.
Virtual Debit Card: Get a Virtual Debit Card instantly for online shopping
Transfer Money: Transfer money online for free and with ease from your 811 digital savings account.
New Age Banking: Find all your banking solutions in one single touch. Get 180 + features that let you carry out your banking transactions, pay bills, invest, shop and do much more with just a few taps. The app is secure with two-factor authentication and has an easy interface.
Open digital account online without any restrictions: Complete your verification through Video KYC and open a digital savings account without any restrictions.
811 #DreamDifferent Credit Card: Apply for Zero Balance Account and you can apply for 811 #DreamDifferent Credit Card without paperwork or joining & annual Fee. Get 2X reward points on online spends!
Can we open Kotak bank account online?
You can open a Kotak Mahindra Bank Zero Balance Account Opening Online by downloading the Kotak Mobile Banking App or by visiting www.kotak.com and registering using your Aadhaar number (optional) ,PAN and other basic details. You can set up a mobile banking PIN and start using your account immediately.
Is Kotak 811 a zero balance account good?
You can open a zero balance savings account with Kotak 811 Lite account, Kotak 811 Limited KYC and Kotak 811 Full KYC. The Kotak Mahindra Bank Zero Balance Account Opening Online accounts are better because there are no penalties and you can use your money to the fullest extent.
What is the difference between Kotak 811 and normal account?
Customers of Kotak 811 don’t have to maintain any minimum average balance. As a result, you can use your 811 account freely without worrying about maintaining minimum average balance. On the other hand, regular savings accounts have monthly minimum average balance that customers need to maintain to avoid penalties.
What is a Zero Balance Savings Account?
A zero balance savings account is a type of savings account where account holders do not have to maintain any average monthly balance (AMB).
5 Things You Should Know About Zero Balance Savings Accounts:
- There are no minimum-balance commitments in a zero balance savings account. So, you can spend even the last rupee in your account without worrying about penalties.
- You can open a Kotak Mahindra Bank Zero Balance Account Opening Online account online from the comfort of your home. All you need is your PAN and Aadhaar number.
- Earn the prevailing interest on your zero balance savings account deposits.
- With your zero balance account, enjoy facilities such as debit cards, cheque books, internet banking and mobile banking.
- Open a zero balance savings account instantly through Aadhaar OTP verification. Then, complete the full KYC process of your account through in-person verification within 12 months by visiting your nearest bank branch or booking an appointment.
How to open Kotak 811 zero balance account online?
- Kotak Mahindra Bank Zero Balance Account Opening Online 2022 is extremely easy and takes just a few minutes. You can opt for video KYC process and open a full-fledged savings account within a few hours!
- Enter your name, mobile number and email ID. Tick the check boxes if you are not a politically exposed person and you are an Indian resident.
- You will receive an OTP on your mobile number. Enter the OTP.
- As per RBI’s regulation, banks can open zero balance savings account online through Aadhaar OTP verification.
- Enter your PAN, Aadhaar number. You need to authorize the bank to access your Aadhaar details and biometric information for verification.
- Add the OTP that you have received on your Aadhaar registered mobile number.
- You can now see your address as per your Aadhaar records. Use this address or add another address as your communication address.
- Add details such as father’s and mother’s name, occupation, gender, annual income. The bank will fetch your date of birth from the Aadhaar database. You can also add nominee details.
- Review the details that you have added before proceeding with the Video KYC verification process.
- Accept the terms and conditions.
- In this step, you can add a different communication address.
- Provide location access and you will be connected to a bank agent who will carry out the video KYC process. After the video-based KYC is completed, your account will be opened within a few hours upon successful verification. The account will be a full-fledged savings account without any limitations or restrictions.
Kotak Mahindra Bank Zero Balance Account Opening Online 2022
Let me remind you that before opening an account in kotak mahindra bank you should read all its terms and conditions thoroughly and also know about the fees charged by it, what are its facilities and those But what charges are deducted, so before opening the account, please go to the official website of the concerned bank and check its veracity, only then do online account opening.