KOTAK811

Why is this process simple?

• 100% online — no paperwork, no branch visits.
• Video KYC ensures compliance without delays.
• 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:

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

Documents required

• Aadhaar Card (linked to your mobile)
• PAN Card

Balance Requirement & Charges

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

Account Features & Limits

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