1.

Kotak 811 Zero Balance

Account:
- This account allows customers to open an
account with zero balance requirements.
- It can be opened through the Kotak 811 mobile
app or the bank's website.
- It provides various banking services, including online transactions, bill payments, fund
transfers, and mobile recharges.
- Customers can use the account for saving and
investment purposes.
- Some additional features may include virtual debit cards, access to Net Banking, and
e-statements.

2. Kotak 811 Lite Account:

- Similar to the Kotak 811 Zero Balance Account, the Kotak 811 Lite Account is also a zero
balance account.
- It can be opened through the Kotak 811 mobile
app or the bank's website.
- It provides basic banking services such as fund transfers, bill payments, and mobile
recharges.
- The account may have certain limitations compared to a regular savings account, such as a
cap on the monthly transaction limit.
- Some additional features may include a virtual debit card and access to Net Banking
ariants Kotak 0 Balance Kotak 811 lite

How to Open Install 811 App/Website Install 811 App/Website

AMB requirement (Rs.) Zero Zero

Physical Debit Card Rs. 299 p.a. (inclusive of taxes) NA

Virtual Debit Card Free NA

Type Mobile/Website Mobile/Website

Rs. 5,000 in a calendar month & Rs.

Cumulative credits allowed Rs. 2,00,000 in an F.Y 1,20,000 in an F.Y

Online transactions IMPS & NEFT Free Outward Funds transfer not available

Cheques NA NA

Validity from the date of opening 12 months 12 months

Interest paid 4%* NA

Features Deposits Cash

Cheques Yes No

Withdrawal Cash No

Cheque No No

Reasons why it goes to lite account

1. Mobile number not linked with Aadhaar

2. Aadhar pincode nor serviceable
3. Journey mobile number and Aadhar mobile
number different
4. If we suspect any fraud in terms of IP,
location, device, etc
5. Journey pincode and Aadhar Pincode
different