Zero Balance Savings Account

Kotak 811 Zero Balance Savings Account

Features & Benefits Of Zero Balance Savings Account

  1. Completely online opening process
  2. Get up to 7%* interest p.a. with ActivMoney
  3. Paperless Process – no paperwork, no hassle!
  4. Instant Virtual Debit Card & Credit Card Against FD
  5. No charges for non-maintenance of balance
  6. 24/7 access through the Kotak 811 App and Internet Banking
  7. Free digital transactions like NEFT, IMPS, UPI, Pay your contact, Scan & Pay
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Fee & Charges Of Zero Balance Savings Account

  1. Account Opening – Free 
  2. Non-maintenance – No charge 
  3. Average Monthly Balance – Zero
  4. Debit card virtual – free
  5. Funds Transfer – NEFT / RTGS (Nil Charges) / IMPS (Through Internet & Mobile Banking)
  6. Annual Fee – Nil 
  7. Physical Debit Card – ₹299
  8. Image Debit Card – A onetime image fee of ₹235 and an annual fee of ₹299 inclusive of all taxes.
  9. Card Replacement Fee – ₹299
  10. Foreign Exchange Mark-up – Fee 3.5%
  11. ATM Charges (after free transactions)
    • For Financial Transactions: Rs.21
    • For Non-Financial Transactions: Rs.8.50 on domestic ATMs of other banks
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Why Should You Choose a Kotak811 Zero Balance Account?

  1. No minimum average balance: Make the most with no monthly average balance maintenance requirement.
  2. Paperless account opening process: Choose the convenience of opening a zero balance account online within a few minutes – anytime, anywhere.
  3. Additional benefits: A free virtual debit card, plus cash and cheque deposits at the bank’s branch.
  4. Digital payments: Make digital payments easily using NEFT, UPI and Scan & Pay.

How To Open 811 Zero Balance Savings Account Online

Use the Kotak811 App or the Website.

  1. Enter Mobile Number, Email ID, and Pin code
  2. Verify Aadhaar and Pan
  3. Complete Full KYC

Eligibility Criteria For Zero Balance Savings Account

  1. Citizen of India
  2. Aged 18 and above
  3. Aadhaar and Pan Card

Documents Required For Zero Balance Savings Account

Paperless verification and minimal documentation

  1. Aadhaar Card
  2. Pan Card
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