Hello everyone, in this article today we will know How to open an Account Kotak Mahindra Bank?
What is Kotak 811 Account and how to open – If you are also planning to open your savings account in Kotak Mahindra Bank, then wait, you must know about Kotak 811 Saving Account once.
Now Private Bank also gives you the facility to open Zero Balance account like Axis Asap Saving Account which you can open online. Just like this, Saving Account is also offered to you by Kotak Bank, whose name is – Kotak 811 Zero Balance Saving Account.
What is Kotak 811 Account?
In Kotak Mahindra Bank, you will no longer have to deposit 10,000 to open a Saving Account and do not have to maintain any kind of balance, as Kotak Bank has brought 811 Saving Account.
In Kotak 811 Saving Account, you can also keep the account active in Zero Balance and at the same time you do not have to make any kind of deposit while opening this account.
That means that the hassle of keeping balance in Kotak 811, in which you used to feel penalty, has given you complete freedom.
In Kotak 811 Zero Balance Saving Account you get all the facilities of Banking and the best thing is that you can open this account online with your Aadhar Card and Pancard.
How can I get in Kotak 811?
In Kotak 811 Saving Account you will get all banking products such as ATM Debit card, Check Book, Net Banking, Mobile Banking etc.
Once you open this account online, you have to do full KYC, which you can do at any time within 1 year. After the full KYC, the entire limit of your 811 Saving Account ends.
If you want to do full KYC, you can call a bank person at your home or you can do this work by going to your branch.
After opening the online account, you immediately get a Virtual Debit card which you can see in Kotak Mobile Banking, you can use this Virtual Debit card online. Not only this, if you want a physical debit card, then you can also apply.
Along with this, you can also take a chequebook, that facility has also been given to you, and at the same time, you also get the facility of Internet Banking and Mobile Banking.
How to open Kotak 811 Account Online?
As we told you, you do not have to go to the branch to open Kotak 811 account because it opens online. You can open it in a few minutes through your Aadhaar Card and Pan Card.
You get an account number and a virtual debit card immediately and after that, you can view your account online through Mobile Banking as well as add money to the account. You can use another bank’s net banking or debit card to add money
(2) In the next screen, you have to enter OTP which will come on your mobile number.
(3) Now put your Gender and Date of Birth.
(4) In the next screen, you have to type your Full Address.
(5) And now you have to type the information of Pan number, FATCA Declaration, Occupation, Annual Income. In the FATCA declaration, you have to choose the Indian Citizen.
(6) Now type your Marital Status, Father Name, Mother Name and Email Address.
(7) And now you have to set MPIN for Kotak Mobile Banking.
Take your Kotak 811 Saving Account has opened and in the next screen, you can see your Account Number, CRN Number, IFSC Code. You can also deposit money in your account here.
Register with Kotak Mobile Banking –
After opening the Kotak 811 Account, now you have to install the Kotak Mobile Banking application in your phone. Through this application, you can view your 811 Saving Account and also manage your Virtual Debit card.
After installing Kotak Mobile Banking, you can manage your 811 accounts on your phone only.
Activate Net Banking –
Not only mobile banking, but now you can also register for Kotak net banking and check your 811 accounts online. This facility is free and you do not have to pay any charge in it.
Do full KYC within 1 year in Kotak Mahindra Bank –
As you have been told that after opening a Kotak 811 account you have to do full KYC, if you do not do KYC within 1 year, then your account can be closed.
To do full KYC, you can call a bank person and call them at your home or you can also do this work by going to the branch.
After KYC, all the limitations of your 811 account are removed and you can make an unlimited deposit and Withdraw.
Existing Kotak Customers can also open –
If you are an existing customer of Kotak Bank and you already have a Saving Account, you can still open Kotak 811 Account. There is no such rule that one who already has an account in Kotak Bank cannot open Kotak 811 account.
Final words –
To keep a Saving Account active in private banks, earlier you had to keep the amount of 10,000 in the account and not keep it, then the bank used to charge you a penalty, but now you can get rid of all the hassles by opening Kotak 811 Zero Balance Saving Account.
Neither do you have to deposit anything while opening an account, nor do you need to maintain balance to keep the account running? At the same time, you also get all the facilities of the bank. If you are also willing to open an account in Kotak Bank, then you must consider Kotak 811 saving account.