How to Open Zero Balance Account online in Kotak Mahindra Bank 811?

Opening a bank account is an important task, especially when it comes to managing your finances. With the advent of digitalization, it has become much easier to open a bank account online. One such bank that offers online account opening services is Kotak Mahindra Bank. In this article, we will guide you through the steps to open a zero-balance account online in Kotak Mahindra Bank 811.

 

What is Kotak Mahindra Bank 811?

 

Kotak Mahindra Bank 811 is a zero-balance digital savings account that can be opened online. The account is available to Indian residents and is offered by Kotak Mahindra Bank. The 811 account is a fully digital account, which means that all transactions can be done online, and there is no need to visit a bank branch. With the 811 account, you can access a range of banking services, including online fund transfers, bill payments, and mobile banking.

 

Advantages of Kotak Mahindra Bank 811 Account

 

Opening a Kotak Mahindra Bank 811 account comes with several benefits, including:

 

Zero balance account: The 811 account is a zero-balance account, which means that you do not need to maintain a minimum balance in the account.

 

Digital account: The 811 account is a fully digital account, which means that you can manage all your transactions online.

 

Interest rate: The account offers an interest rate of up to 3.50% per annum, which is higher than most savings accounts.

 

Mobile banking: With the 811 account, you can access a range of mobile banking services, including fund transfers, bill payments, and checking account balances.

 

No charges: There are no charges for opening and maintaining the 811 account.

 

Steps to Open a Zero Balance Account Online in Kotak Mahindra Bank 811

 

Here are the steps to open a zero balance account online in Kotak Mahindra Bank 811:

 

Step 1: Browse the Kotak Mahindra Bank Official website

 

The first step is to browse Kotak Mahindra Bank Official website at (www.kotak.com)

 

Step 2: Click on "Open Now"

 

Once you are on the website, click on the "Open Now" button.

 

Step 3: Enter your mobile number

 

Enter your mobile number in the space provided and click on "Send OTP". You will get receive a One-Time Password (OTP) on your registered mobile number.

 

Step 4: Verify your OTP

 

Enter the OTP in the space provided and click on "Verify your OTP".

 

Step 5: Fill in your details

 

Fill in your personal details such as your name, email address, and PAN card number.

 

Step 6: Choose the type of account

 

Choose the type of account you want to open, i.e., 811 Lite or 811 Limited KYC.

 

Step 7: Fill in your personal and contact details

 

Fill in your personal and contact details, such as your date of birth, occupation, address, and nominee details.

 

Step 8: Review and submit

 

Review the details you have entered and click on "Submit".

 

Step 9: Receive your account number and CRN

 

You will receive an account number and Customer Relationship Number (CRN) on your registered mobile number and email address.

 

Step 10: Log in to your account

 

You can now log in to your Kotak Mahindra Bank 811 account using your CRN and mobile number.

 

Conclusion

 

How to Open Zero Balance Account online in Kotak Mahindra Bank 811?

Opening a zero balance account online in Kotak Mahindra Bank 811 is a simple process that can be completed in just a few minutes. With the 811 account, you can access a range.