Archive · 8 Sep 2026
Kotak811 Zero-Balance Account Offers Digital Banking Without Minimum Balance
Kotak811 offers a savings account that can be opened online.
Customers use the app or website and complete Video KYC.
They must add ₹2,000 to activate the account.
After that, they do not have to keep a minimum balance.
The account supports UPI and several ways to transfer money.
It also provides a free virtual debit card for eligible online transactions.
Some customers can use ActivMoney to earn up to 5% yearly interest on eligible balances.
Customers should check the latest fees, terms, and eligibility rules before opening the account.
Kotak811 requires an initial ₹2,000 funding to activate its zero-balance savings account.
After activation, customers do not need to maintain a minimum balance.
The account can be opened digitally through the Kotak811 app or website using Video KYC.
It supports UPI, IMPS, NEFT, and RTGS for payments and fund transfers.
Eligible customers can use a free virtual debit card and opt for ActivMoney, offering up to 5% annual interest on eligible balances.
- Who
- Kotak811 and customers seeking a digital savings account.
- What
- A zero-balance savings account with digital account opening, payments, transfers, and related banking features.
- When
- The article does not specify a date or launch time.
- Where
- Through the Kotak811 app or website.
- Why
- To provide a digital banking option without a minimum balance requirement after activation.
- Initial funding
- ₹2,000 is required to activate the account.
- Minimum balance
- No minimum balance is required after activation.
- Account opening
- Paperless opening is available through the Kotak811 app or website with Video KYC.
- Required details
- Customers must provide applicable Aadhaar and PAN details.
- Transfer services
- The account supports UPI, IMPS, NEFT, and RTGS.
- Debit card
- A free virtual debit card is provided for eligible online transactions.
- ActivMoney
- Eligible balances can earn up to 5% per year, subject to applicable terms.