Zero Balance Savings Account Interest Rates

Get competitive interest rates with a Kotak 811 zero balance digital savings account. Open your account instantly from anywhere and get maximum benefits on your savings.

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Interest Rate on Zero Balance Savings Account

811 Zero Balance Saving Account Interest Rates

 

Kotak Mahindra Bank's 811 Digital Savings Account stands as a testament to innovative banking. This zero balance savings account is not only tailored for convenience but also offers up to 4% interest rate per annum. By introducing India's first zero-contact, video KYC savings account, Kotak 811 ensures that customers can nurture their savings without the confines of a minimum balance.

 

How is the Zero Balance Saving Account Interest Rates Calculated?

 

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811 Zero Balance Saving Account Interest Rates

 

Kotak Mahindra Bank's 811 Digital Savings Account stands as a testament to innovative banking. This zero balance savings account is not only tailored for convenience but also offers up to 4% interest rate per annum. By introducing India's first zero-contact, video KYC savings account, Kotak 811 ensures that customers can nurture their savings without the confines of a minimum balance.

 

How is the Zero Balance Saving Account Interest Rates Calculated?

 

Kotak 811 is available in multiple variants to cater to diverse needs:

 

  • 811 Limited KYC: Mobile/website-centric, with a zero AMB requirement, offers a virtual debit card and allows cumulative credits up to Rs. 2,00,000 in a financial year.
  • 811 Lite: Targeted for mobile/website users with a credit limit of Rs. 5,000 per month & Rs. 1,20,000 yearly.
  • 811 Full KYC Account: Comprehensive, with no restrictions on credits, free online transactions, and cheque facility upon request.
  • 811 EDGE: Available through mobile and branches, it comes with a minimum balance requirement of Rs. 10,000, a Platinum Debit Card, and unlimited online transactions.

 

Regardless of the variant, a major highlight of 811 is its interest rate, pegged at 4%.

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Testimonials

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Was facing login problems, but after the update now it’s working fine. No need to visit any branch anymore.

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Kotak Bank instant savings account is safe and is easy to use.

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If someone is looking to open an instant account. Just go for this one. It is easy, practical and offers multiple features. All of this at zero balance.

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One of the best zero-balance instant account bank apps in the market!

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Frequently Asked Questions

Ask Kotak 811

You can earn an interest of up to 4% per annum with Kotak 811 zero balance Savings accounts.

The 811 Zero Balance Savings Account offers multiple benefits. It is a hassle-free online banking solution with digitized KYC verification. Also, there is no need to maintain a minimum account balance and the account can be managed with a single click.

You can use a physical debit card to withdraw cash from your 811 Zero Balance Digital savings account. You can apply for the same through the app or website. A physical debit card comes with an annual charge of Rs. 199 + taxes.

Open any 811 variant account seamlessly. Simply install the 811 app or visit the website and follow the steps. The 811 zero balance savings account Video KYC feature offers complete digitalised verification, streamlining the account setup.

No. The 811 Digital Savings Account interest is calculated annually. 

Yes. The Kotak 811 Digital Account is completely safe to use.

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