Terms and Conditions - 811 Super
811 Super Eligibility:
- While completing FKYC/on-boarding to 811 Super program, the minimum A/c account balance should be ₹5,000.
- On a monthly basis, the customer needs to do at least one customer-initiated credit transaction of a minimum ₹5,000 to get eligible for 811 Super cashback.
- 811 Super will be offered for one year from the date of subscription. After 1 year, Customer’s consent will be taken for program continuation.
811 Super Cashback:
- Eligible customers - Cashback to 811 Super eligible customers on Debit Card spends & customers need to credit ₹5,000 every month to avail the cashback.
- Cashback construct - Flat 5% cashback up to ₹500 per month to all 811 Super customers on eligible spends through Kotak Debit card (E-com/ POS (Point of Sales) transactions) up to ₹500/month. Refer to the below rules for cashback
Rules
- 811 Super eligible customers should spend via Kotak Debit card, ₹5,000 needs to be credited in 811 Super a/c to avail flat 5% cashback up to ₹500 per month.
- In order to calculate the spend value only the following types of Debit Card transactions are eligible:
- Virtual Debit Card
- Physical Debit Card transactions (E-com/POS)
Important note:
- Inter or intra bank fund transfer, ATM cash withdrawal, wallet top-up (transfer from 811 Savings Account to any kind of wallet), or any other type of transaction excluding mentioned above will not be considered. For more details, please refer to the point no. 16 under Terms & conditions for cashback.
- Any type of UPI transactions will not be considered as spends.
Terms & Conditions for Cashback:
- This cashback has been extended by Kotak Mahindra Bank to 811 Super customers meeting eligibility criteria of ₹5,000 credit/month.
- A customer can get a max ₹500 cashback/month.
- To get the monthly cashback, 811 Super eligible customers should spend via 811 Debit Cards.
- Any kind of fund transfers or ATM cash withdrawal and wallet top-up will not be considered as spend.
- Cashback will be rounded down to the nearest whole number.
- Customer should spend at least ₹20 to get eligible for cashback.
- Cashback will be deposited in 30 days post-completion of the month under consideration.
- The cashback is not-transferable.
- Participation for the cashback is voluntary.
- Any Customer eligible for the cashback shall be deemed to have read, understood, and accepted these terms and conditions, general terms and conditions of the Bank.
- Kotak Mahindra Bank reserves the right, at any time, without prior notice and without assigning any reason whatsoever, to add/alter/modify/change or vary all or any of these terms and conditions or to replace, wholly or reduce the cashback.
- The Bank reserves the right to disqualify any Customer from the benefits under the Offer if any fraudulent activity is observed as being carried out for availing the benefits under the offer.
- The decision of the Bank in all matters in connection with and incidental to this offer is final and shall be binding on all persons.
- Disputes, if any, arising out of or in connection with or as a result of the above cashback or otherwise relating hereto shall be subject to the exclusive jurisdiction of Mumbai courts.
- Any kind of refund or reversals will not be considered as ₹5,000 deposit
- Transactions on below MCC (Merchant Category Codes) will not be considered for cashback:
- 5169, 5085, 5199, 2842, 5122, 5039, 5198, 7375, 5051, 5021, 5046, 5099, 7395, 8734, 5044, 5074, 2791- Business-to-business transactions
- 7995- Betting including lottery tickets, casino gaming chips, race tracks
- 7273- Dating and escort services
- 5960- Direct marketing - Insurance services
- 6012- Financial Institution - Merchandise Services & Debt Repayment
- 7800- Government licensed - lottery
- 7801- Government licensed- online gambling
- 7802- Government licensed - racing
- 5723- Guns and ammunition shops
- 6381- Insurance
- 6300- Insurance sales, underwriting & premiums
- 6010- Manual cash disbursements - Financial Institutions
- 4829- Money transfer
- 6051- Non financial institutions - Foreign currency liquid, crypto assets, account funding, traveler cheques & debt repayment
- 8651- Political donations
- 6540- Non-Financial Institutions – Stored Value Card Purchase/Load
- 5300- Wholesale clubs
The bank reserves the right to modify, amend, or terminate the criteria associated with its rewards program at any time, without prior notice. Such changes may include, but are not limited to, adjustments in eligibility requirements for customers or transactions, and redemption options. Customers are encouraged to review the terms and conditions of the rewards program regularly, as modifications may occur based on market conditions, regulatory requirements, or internal policies. The bank shall not be held liable for any losses or damages arising from changes to the rewards program.
To qualify for cashback rewards, customers must complete a mandatory monthly credit transaction. Please note that any reversal of bank-initiated debit transactions or ActivMoney credit transactions will not be considered qualifying transactions. The bank reserves the right to verify and determine the eligibility of transactions pertaining to the cashback program. Furthermore, the bank retains the sole discretion to determine qualifying spend transactions for its rewards program.
The bank may also implement a fair usage policy regarding these transactions without prior notice to customers. Such discretion is necessary to maintain the integrity and sustainability of the rewards program. By opting for Kotak 811 Super, customers acknowledge and accept these conditions. We encourage you to check these terms and conditions regularly for updates. Keeping informed about any changes will help you make the most of the rewards program and ensure that you understand your rights and responsibilities.