811 is a savings account offered by Kotak Mahindra Bank which comes packed with a number of unique banking features. The name of this account is inspired by the demonetisation move taken by the Prime Minister of India – Mr. Narendra Modi on November 8, 2016.
Kotak 811 Interest Rates, 2025
| 811 Account Balance | Rate of Interest |
| Balance up to Rs. 50 lakh | 3.50% p.a. |
| Balance above Rs. 50 lakh and up to Rs. 100 crore | 4.00% p.a. |
Note: The above-mentioned rates are updated as on 11th September 2024.
Types of Kotak 811 Savings Account
Following are the 811 variants offered by Kotak Mahindra Bank:
| Types of Kotak 811 Savings Account | Primary Features |
| Kotak 811 Limited KYC | Zero Balance Savings Account
Validity is 12 months (from the date of account opening) |
| Kotak 811 Lite | No hassles of maintaining the minimum balance
12 months validity (from the date of account opening) |
| Kotak 811 Full KYC Account | No minimum balance requirement
Cheque book on request |
| Kotak 811 Edge | Rs. 10000 is average monthly balance requirement
Cheque book facility |
1. Kotak 811 Limited KYC
| Kotak 811 Limited KYC | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Physical and Virtual Debit Card | Free virtual debit card
Rs. 199 will be charged per annum for physical debit card |
| Validity from the date of opening | 12 months |
| Online Transfers | Free IMPS and NEFT |
2. Kotak 811 Lite
| Kotak 811 Lite | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Physical and Virtual Debit Card | No physical and virtual cards available |
| Cumulative credits allowed | Rs. 10,000 in a calendar month
Rs. 1,00,000 in a financial year |
| Validity from the date of opening | 12 months |
| Verification | Mobile Number based |
3. Kotak 811 Full KYC Account
| Kotak 811 Full KYC Account | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Physical and Virtual Debit Card | No charges for virtual debit card
Rs. 199 will be levied for a physical debit card |
| Online Transfers | Free NEFT, RTGS and IMPS |
| Cheque Book | A cheque book will be issued by the bank on the request |
4. Kotak 811 Edge
| Kotak 811 EDGE | Features |
| Minimum Balance Requirement | Rs. 10000 |
| Physical and Virtual Debit Card | Platinum Debit Card (Rs. 150 p.a.) |
| Online Transfers | Free IMPS, NEFT and RTGS |
| Cheque Book | By default |
Categorisation of Kotak 811 Variants
The above said categorisation of the Kotak 811 depends on the on-board journey of an applicant’s account. Look at the following to understand:
- You will be able to enjoy the benefits of 811 KYC Account when you complete the full KYC in-person verification process.
- You will get the benefits and features of 811 Limited KYC Account when you are not able to complete the in-person KYC verification with the bank’s representative.
- You will get the features and benefits of 811 Lite Account if you did not receive OTP after entering the Aadhaar card number or did not have Aadhaar card details to authenticate that time.
- To avail the best banking features of 811 Full KYC Account, complete the verification process by visiting the nearest branch.
More Features and Benefits of Kotak 811
Kotak Mahindra Bank 811 is a full-service and digital banking network available on mobile phones. Here are some key features of this product:
- Instant opening and activation of the account
- Just scan and pay bills, etc.
- Earn interest on your savings per annum
- Auto Sweep Facility
- Enjoy every day special offers and discounts on travel, shopping, entertainment, etc.
Eligibility Criteria for Kotak 811
The bank does not follow any strict criteria for this digital account. However, an applicant must meet the below prerequisite to be eligible for this account:
- An applicant who wants to open Kotak 811 should be a resident of India.
- The age of the applicant must be 18 years or above.
Documents Required for Kotak 811
Following are the essential documents that have to be submitted by the applicant to apply for the Kotak 811 digital savings account:
How to Open Kotak 811 Digital Account?
Being a digital savings account, the entire process will be online. Look at the following easy and essential steps:
Step 1: Visit Paisabazaar.com and click on ‘Savings Account’
Step 2: In the second step, fill a Savings Account form on Paisabazaar with required personal data like annual income range, name, email id, contact number, city and annual income range. Once submitted the Savings Account tool automatically will furnish personalized Savings Account options.
Step 2: In the second step, you can compare various Savings Account options offered by the tool interface and apply for the Kotak 811 Savings Account. You will be redirected to Kotak Mahindra Bank website. There you will be required to provide your basic and personal details to open your bank account in no time.
Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.