Kotak Mahindra Bank has widely become popular for its Kotak 811 plan. Unlike other savings bank account, this savings account offered by the bank can be opened in just 5 minutes from your smartphone. Of course, you can visit the official website of the bank if you want to open an account or visit the branch.
Kotak 811 account opening online. All you need is a smartphone with Kotak 811 App. The interest rate offered on this account is as high as 6% per annum. The account opening process very simple as compared to the offline process of visiting the branch for which you have to have time first-the thing we all lack these days.
In addition to this, with Kotak 811 plan, you can avoid standing in long queues for hours for adding money to your account. Here we will tell you all the basic details that you need to know about this plan, so read more.
Kotak 811 Account Opening Online process
You can enjoy all the services and products under 811 plan just like a regular savings account. The online account opening process through a smartphone is as follows:
Download App– You can easily download Kotak 811 app from Google play store and start using it instantly.
Provide Aadhar Number- You need to mention your Aadhar Number as it is required for the registration.
Submit the OTP pin- You need to mention the OTP pin that you get on your registered mobile number for authentication to open the savings account on your mobile.
The documentation required to open a Kotak Mahindra Bank 811 account is by far the easiest. Since the bank promotes the paperless documentation, the account is verified via fingerprint-based authentication. However, if your verification fails, you can visit the nearest bank branch along with your Aadhaar card or PAN card to complete the process.
How to add money in Kotak 811
The process of adding money to your 811 account through your Debit Card or Net Banking. You can also transfer the money from any other account using NET or IMPS. Other than these options, you always have the option to visit the nearest bank branch and deposit the cash in your account. Thus, adding money to this account is very simple.
There are n number of benefits of using this one-stop destination app called Kotak 811.
Zero balance account– You can now open zero balance account with Kotak 811 app and earn an interest rate of 5-6% per annum on your savings. You can get 6% per annum interest rate for savings account with the balance over ₹1 lakh and up to ₹5 crores. For the Savings Account balance up to ₹1 lakh earn the interest of 5% and for the saving account balance above ₹5 crores earn 5.50%. Hence, there are no penalties for not maintaining the minimum amount and enjoy the interest over the balance maintained.
Scan and Pay– You can make payments for the grocery, shopping, tickets, movies and other requirements without cash or swapping your debit or credit card.
Multi-purpose App- You can book movie tickets, flight tickets, shop, subscribe to magazines etc. through this single app called Kotak 811. In short, this app replaces all the other Apps on which you used to waste time.
Virtual Debit Card Accessibility- The introduction of 811 Virtual Debit Card replaces the plastic made the debit card as it is convenient, safe and can be accessed from anywhere at anytime. You just need to carry your mobile phone with yourself whenever you are paying bills or doing recharge or any other online payments in just a few minutes.
Get Loans and Make Investments- You can also apply for a loan from this app and not only this you can also make investments.
Kotak 811 Login
You can login into your account through Net Banking. The details of login including the customer ID (non-changeable) and login password (changeable). Once you get the details, you have to create a secure password which you will be using to login. It is advisable not to share these details with anyone including bank officials. You must know that no bank executive needs your login password, Credit Card number, etc. for any purposes. So, make sure these details are private to avoid any kind of fraud.
Kotak 811 Customer Care
For any kind of query related to this app, you can contact your nearest bank branch or contact the bank on the toll-free no. or write an E-mail or SMS Banking.