Open Online Zero Balance Savings Account
in 5 minutes

1. Opening a Kotak 811 zero balance online is extremely easy and takes just a few minutes. You can opt for video KYC process and open a full-fledged savings account within a few hours!

2. Enter your name, mobile number and email ID. Tick the check boxes if you are not a politically exposed person and you are an Indian resident.

3. You will receive an OTP on your mobile number. Enter the OTP.

4. As per RBI’s regulation, banks can open zero balance savings account online through Aadhaar OTP verification.

5. Enter your PAN, Aadhaar number. You need to authorize the bank to access your Aadhaar details and biometric information for verification.

6. Add the OTP that you have received on your Aadhaar registered mobile number.

7. You can now see your address as per your Aadhaar records. Use this address or add another address as your communication address.

8. Add details such as father’s and mother’s name, occupation, gender, annual income. The bank will fetch your date of birth from the Aadhaar database. You can also add nominee details.

9. Review the details that you have added before proceeding with the Video KYC verification process.

10. Accept the terms and conditions.

11. In this step, you can add a different communication address.

12. Provide location access and you will be connected to a bank agent who will carry out the video KYC process. After the video-based KYC is completed, your account will be opened within a few hours upon successful verification. The account will be a full-fledged savings account without any limitations or restrictions.

1. No minimum average balance: Make the most of the no monthly average balance maintenance requirement.

2. Paperless account opening process: Choose the convenience of opening a zero balance account online within a few minutes - anytime, anywhere.

3. Additional benefits: A free virtual debit card, plus cash and cheque deposits at the bank’s branch.

4. Digital payments: Make digital payments easily using NEFT, UPI and Scan & Pay.

A zero balance savings account is a type of savings account where the Monthly Average Balance (MAB) is waived off. There is no hidden charges associated with a zero balance savings account. In a normal savings account, customers have to maintain a monthly average balance in the account at all times and if by any chance the required criteria is not met, additional fee or penalty is charged. When customers open a zero balance account, they are entitled to earn interest on the entire amount deposited in the account.Open Digital Savings Account or Download Kotak811 Instant Savings Account Opening App

Every individual who is a resident of India is eligible to open a zero balance account. To open a zero balance account online, one needs to have a valid Aadhaar and PAN card. As per RBI’s regulation, banks can open savings account online through Aadhaar OTP verification.

It is easy to open an online bank account in few minutes. You need to visit our website or download the App. Share some basic information. The entered details will be validated at our end.

The next step is to complete your KYC online or offline. Either you can book an appointment with a bank official to complete the video KYC process from the comfort of your home or visit the nearest branch to submit the KYC documents.

Online bank account opening with zero balance is quick and easy with Kotak811 Instant Savings Account Opening App.

Steps to open bank account online:

1. Download the App or visit the website

2. Share your name, contact number and email ID

3. You will receive an OTP to validate your mobile number

4. After verification, the bank will ask for your PAN and Aadhaar

5. Enter the OTP you have received on your Aadhaar registered mobile number

6. Accept the terms and conditions

7. Your account is ready

A credit card issued against a fixed deposit is a secured credit card. It is ideal for people who are new to credit, or have a low CIBIL score.

In case, your credit score doesn't match the eligibility criteria to issue an unsecured credit card, you can still get a credit card by opening a refundable fixed deposit account with us.

1. You earn interest on the FD account

2. Use the credit card to avail exciting reward points

3. You can build your credit score

1. Interest on the FD account

2. Availed credit limit is 90% of FD amount

3. 2x rewards on every Rs.100 spent online