Zero Balance Savings Account

Step into the world of Kotak811 - where zero balance requirements mean zero worries. Designed for those who want simplicity without compromising on features, our account offers a range of digital banking tools that make saving and spending both intuitive and rewarding. Enjoy up to 7% interest p.a. with ActivMoney while making lightning-fast UPI payments and benefiting from a free Virtual Debit Card that supports daily transactions up to ₹1 Lakh.

Zero balance account opening online is quick and easy with Kotak811

With exclusive offers spanning travel, lifestyle, and dining, plus a personal accidental cover of ₹2 Lakhs and 24-hour VISA global customer assistance, this account is designed to give you both convenience and confidence with every transaction. Open zero balance savings account online and embrace a flexible banking experience that fits your life. It’s time to bank smarter, not harder.

Everything you need to know about zero balance savings account. Looking for a hassle-free way to save and manage your money? Open zero balance savings account gives you the flexibility to bank on your terms. 

Benefits of Zero Balance Savings Account

Experience zero balance freedom: Save at your pace with no minimum balance requirement - no penalties, just convenience.
Open instantly, anytime: Open your account online in minutes using just your PAN and Aadhaar - no physical documents or branch visits are required.
Earn interest effortlessly: Grow your savings with the prevailing interest rate on your deposits and make every rupee count.
Get more with smart banking: Get a free virtual debit card for online shopping, plus enjoy cash and cheque deposit facilities at the bank’s branch.
Pay digitally, anytime: Make transactions easier with UPI, NEFT and Scan & Pay, ensuring smooth, secure, and quick digital payments.
Complete the KYC process quickly and easily: Open your account instantly with Aadhaar OTP verification, then complete full KYC within 180 days at a branch or by booking an appointment.

Eligibility Criteria for Zero Balance Savings Account

To open zero balance account online, you must meet the following requirements:

You must be a citizen of India. 
You must be 18 years or older. 
You must have a valid Aadhaar and PAN Card.

Documents required for Zero Balance Savings Account

To open zero balance account online requires minimal documentation:

Aadhaar Card - For identity and address verification
PAN Card - For  financial and tax-related verification 

Discover Seamless Digital Banking with Kotak811

Experience banking that adapts to your busy life. Whether you're in a train, working from a co-working space, or enjoying a quiet afternoon at a café, your digital savings account is always within reach. Effortless online application: Say goodbye to tedious branch visits. With our streamlined online process, you can apply for your zero balance account from any device - anytime and anywhere. Just submit your PAN and Aadhaar details, and you're all set.

Enjoy zero balance convenience: Forget the pressure of maintaining a minimum balance. Our zero balance feature means no extra fees or penalties, giving you the freedom to use your account as you see fit.
Personalized assistance at every step: While the application is quick and simple, our dedicated bank representative is always available to guide you through the process, ensuring your experience is smooth and hassle-free.
Embrace the future of banking with Kotak811 designed to keep pace with your dynamic lifestyle without the extra fuss.

Kotak Bank Registered Address: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051

IMPORTANT: Please ensure that you complete your Full KYC within 180 days from account opening to enjoy uninterrupted services at all times. If Full KYC is not completed within 180 days from account opening, your account will be blocked from transactions. However, you would still be able to complete your Full KYC and resume banking easily. If Full KYC is not completed within 365 days from account opening, your account will expire permanently with no possibility of reactivation.

Aadhaar Disclaimer: Providing Aadhaar is voluntary. Scan and Pay through your Kotak Mobile Banking App at select in-store outlets.

^ActivMoney Disclaimer: Liquidated Dep2 for ₹25, 000 and liquidated in part for ₹15,000 from Dep1 to honour the cheque of ₹40, 000 as breaking of FD is done in multiples of ₹5,000. Dep2 will earn interest for 15 days at the applicable rate without penalty (on LIFO basis) as it exceeds 7 days which is minimum period required to be eligible for interest and ₹15,000 liquidated from Dep1 would earn eligible interest for 16 days. Returns calculated in above image is for 360 days only.

Applicable for Resident Indian Individuals only w.e.f. Feb 17, 2025, daily balances in Savings Account above ₹50 lakhs will earn 3.5% interest p.a. Daily balances in Savings Account above ₹5 lakhs, will earn 3% interest p.a. Daily balances in Savings Account up to ₹5 lakhs will earn 3% interest p.a. These interest rates are applicable for Resident Accounts only. Issuance of credit cards is at the sole discretion of Kotak Mahindra Bank Limited.

*Rewards and Cashback Terms and Conditions