Kotak 811 allows customers to open an account without maintaining a minimum balance.
The account can be opened by anyone over 18 years of age.
One of the main advantages is that customers can avoid penalty charges for not maintaining a minimum balance.
The account can be opened online or at any Kotak Mahindra Bank branch.
Customers need to provide their PAN Card and Aadhaar Card to open the account.
The account comes with a debit card that can be used at ATMs and for online transactions.
The account also offers access to Kotak Mahindra Bank's mobile banking app.
The app allows customers to check their account balance, make transactions and pay bills.
The account offers free NEFT and RTGS transactions. Customers can also enjoy free cash withdrawals at Kotak Mahindra Bank ATMs.
The account offers interest on deposits. Customers can earn interest on their savings balance up to a certain limit.
The account is ideal for those who do not have a regular income or who want to avoid maintaining a minimum balance.
The account can be converted to a regular savings account once the customer starts earning a regular income.
Customers can also apply for a credit card from Kotak Mahindra Bank. The credit card can be linked to the zero balance account for easy payments.
The account offers 24/7 customer support. Customers can contact the bank's customer care team for any queries or issues.