Product Details
Bank Name
Kotak Mahindra Bank
Account Name
Kotak 811 Digital Savings Account Online
Account Type
Saving
Interest Rate
For balance upto INR 50 Lakhs: 2.75%. For balance between INR 50 Lakh and INR 300 Crore: 3.25% Account holders can earn up to 6.5% interest with ActivMoney (sweep-in FD).
Free Debit Card
Yes
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
NEFT Charges
Kotak 811 Full KYC account in this case For NEFT: Upto 10000: 2; 10001 to 100000:4; 100001 to 200000:14; >200000:24.
For RTGS: 200000 to 500000:20; >500000:40
IMPS Charges
Not available
Fees and Charges
Kotak 811 Digital Savings Account Online
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
No need to maintain a minimum balance in your account.
You can transfer money online through IMPS, NEFT and UPI without any fee
They offer a 24/7 account management facility through website.
Cons
Kotak 811 Digital Savings Account Online Review
The account comes with low interest rate and offers average value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai