What if you need to open a savings account all of a sudden, but your Aadhar card is not linked with your mobile number?
No worries, go with Kotak 811 account.
You can open Kotak 811 Lite account even without an Aadhar card. You can get it opened online in 20-25 minutes without visiting the branch.
Apart from that, you can open Kotak 811 savings account for 3 prime reasons as mentioned below –
- Don’t want the hassle of visiting the bank for account opening
- Don’t want to wait for a physical debit card to get delivered as you get a virtual card
- Want a zero balance savings account
Kotak has provided 4 Kotak 811 savings account variants (one Kotak 811 lite I have already mentioned above) that would help open accounts promptly as per your requirements.
In this Kotak 811 Account Review article, we have tried to help you understand each and every aspect of the Kotak 811 savings account so that you can be aware of getting a zero balance digital savings account with a bare minimum application process.
Kotak 811 Account Review (All 4 Variants)
#1. Kotak 811 Lite
If you urgently need to open a bank account but your Aadhar is not linked, go with Kotak 811 Lite. Because you can open Kotak 811 Lite account without Aadhar based KYC verification as it requires only a PAN card to open the account.
This is a zero balance account that comes with a capping on the maximum balance that is Rs. 10,000 per month and Rs. 1,00,000 per year.
You can use the Kotak811 Lite account only for 1 year after that you have to complete the KYC. If you don’t complete the KYC within 1 year, the bank has to close your Kotak 811 account and you won’t able to open it again.
Kotak 811 Lite account has limited features as you don’t earn any interest on the deposited amount
Neither you get a cheque book nor you can transfer funds from your account to other accounts using NEFT or RTGS.
You’ll get a virtual debit card through the Kotak banking app but there’s no provision for a physical debit card with Kotak 811 Lite account.
#2. Kotak 811 Limited KYC
You can open Kotak 811 Limited KYC account with just a PAN & Aadhaar card. You can earn 3.5% interest on the deposited money.
You can keep a maximum of Rs. 1 lakh in the account at any point in time and the whole cumulative amount (including the interest earned) can’t exceed Rs. 2 lakh in a year. Your transaction amount is also restricted to Rs. 1 lakh per transaction.
You can transfer funds using NEFT or IMPS facility but RTGS is not allowed with Kotak 811 Limited KYC account.
Similar to Kotak 811 Lite account, you get 1 year to complete the full KYC to keep this account operational, otherwise Kotak bank will freeze your account.
#3. Kotak 811 Full KYC
Kotak 811 Full KYC is regular savings account with zero account balance and there’s no limit on the transaction amount, unlike the previous two account types.
You have to complete your KYC along with sharing your personal information to the bank such as your PAN details, country of birth, country of residence, nationality, occupation, annual income, and political exposure.
However, you get only 1 transaction fee for cash deposit and withdrawal each which is also limited up to Rs. 10,000 per month after that you have to pay Rs. 4.5/- per Rs. 1000/- (Minimum Rs. 50) for cash deposit or withdrawal.
That means if your 1st cash transaction exceeds Rs. 10,000 amount, you have to pay the charges as mentioned above.
But you can get 4 free cash transactions per month up to Rs. 1 lakh if you are a regular customer and you can try to negotiate with customer care for exceeding your free cash transaction limit from 1 to 4 transactions.
#4. Kotak 811 Edge
If you want a full-featured savings account with facilities like a chequebook, RTGS transfer, and ATM facilities, then go with Kotak 811 Edge savings account.
You have to maintain Rs. 10,000 per month as the average minimum balance with Kotak 811 Edge account otherwise the bank will charge you 5% of the minimum balance shortfall as the penalty.
Kotak 811 Savings Account Interest Rates
You earn 3.5% interest on the balance amount of up to Rs. 1 lakh and balance above Rs. 1 lakh you earn 4% interest.
For example, if you have Rs.125,000 as your bank balance, then 3.5% interest will be applied on Rs. 1 lakh amount and 4% interest on the rest amount that is Rs. 25,000.
Kotak 811 Savings Account Fees & Charges
Fees & Charges | Kotak 811 Lite | Kotak 811 Limited KYC | Kotak 811 Full KYC | Kotak 811 Edge |
Non-maintenance of minimum balance | Not Available | Not Available | Not Available | 5% of the minimum balance shortfall |
NEFT/IMPS/Mobile-banking/RTGS | Outward fund transfer facility is not available | NIL (RTGS not available) | NIL | Free |
RTGS/NEFT/IMPS through branch | Outward fund transfer facility is not available | Not Available | Up to Rs. 40 based on the transferable amount | Up to Rs. 40 based on the transferable amount |
Cash deposit through Machine/ Branch | Free 1st transaction. After which Rs. 50 per transaction | Free 1st transaction. After which Rs. 50 per transaction | Free 1st transaction. After which Rs. 50 per transaction | Free first 4 transactions. After which Rs. 150 per transaction |
At Kotak Bank ATM (Financial Transactions) | N.A. | Free first 5 financial transactions After that Rs. 20 per transaction. | Free first 5 financial transactions After that Rs. 20 per transaction. | Unlimited |
At Kotak Bank ATM (Non-Financial Transactions) | N.A. | No Charge | No Charge | Unlimited |
Other Bank’s ATM (Financial & Non-Financial Transactions) | N.A. | Free first 5 financial transactions After that Rs. 20 per transaction. Non-financial – Rs. 8.50 per transaction. | Free first 5 financial transactions After that Rs. 20 per transaction. Non-financial – Rs. 8.50 per transaction. | Free first 5 financial transactions After that Rs. 20 per transaction. Non-financial – Rs. 8.50 per transaction. |
Virtual debit card | No charge | No charge | No charge | N.A. |
Physical debit card | N.A. | Rs. 199 p.a.(provided on request) | Rs. 199 p.a.(provided on request) | Rs. 150 p.a |
Kotak 811 Savings Account Features & Benefits
#1. Instant Account Opening Process
You can easily open a savings account from the comfort of your home.
All you need is a smartphone, a working internet connection, and your KYC documents like Pan card and Aadhar card.
The whole process will take around 20-25 minutes to get the account opened and you’ll get a ready-to-use Virtual debit card as soon as your account is opened.
#2. No Minimum Balance Required
Whether you open Kotak 811 Lite, Kotak 811 Limited KYC, or Kotak 811 Full KYC account, you don’t have to worry about maintaining the minimum balance.
Only Kotak 811 Edge requires Rs. 10,000 to maintain a minimum balance per month but it offers you other benefits like unlimited transactions, a physical debit card, and an RTGS transfer facility.
#3. Auto Sweep Facility
Kotak 811 accounts offer an auto sweep-in facility in which your idle money in the savings account above the threshold level gets converted into a fixed deposit (FD) automatically. That helps you earn a higher interest rate on that idle money.
Whenever the amount goes below the threshold level, the FD is automatically broken and you can utilize that amount.
The tenure of FD in auto-sweep is 180 days.
#4. Integrated Kaymall
Kaymall is Kotak’s online shopping platform that allows you to shop from Amazon, Flipkart, Bigbasket from Kotak’s app.
You can also book bus, train, and flight tickets along with hotel booking at discounted rates.
#5. Virtual Debit Card
A virtual debit card is an electronic card shown in your banking app that comes with similar features like card number, expiry date, and CVV number.
The virtual card enables you to avoid the hassle of carrying a physical card.
The only con is you can’t withdraw cash at ATM as you don’t have a physical ATM card but you can visit your nearest branch to withdraw cash if required.
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Advantages of Kotak 811 Savings Account
- 4 account types for everyone’s need
- Kotak Lite account opens even if your mobile no. is not linked with Aadhar
- Up to 4% interest rate on deposited money
- No bank visit required to open the account
Disadvantages of Kotak 811 Savings Account
- You can’t open Kotak 811 joint account
- 5% minimum balance shortfall penalty in Kotak 811 Edge account
Eligibility to Open Kotak 811 Savings Account
- You must be a minimum of 18 years old
- You must be an Indian citizen
- You must not be an old Kotak Mahindra Bank customer
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How to Open Kotak 811 Savings Account
Step 1: Install the “Kotak – 811 & Mobile Banking” app from Google Play or Apple’s App Store.

Step 2: Click on the “Get Started” button available at the Kotak-811 promotion

Step 3: Register using your personal details like Name, Pan, and Aadhaar number.

Create a mobile banking PIN. Your account will be opened immediately when you complete the application process.
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Final Take
Kotak bank has revolutionized the account opening process with its instant Kotak 811 savings accounts and if you want to get the savings account opened instantly, Kotak 811 is one of the best options available.
Let me know which account variant you have gone in the comments section.
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