Kotak811 is a fully Digital Savings Account. Below are the key features of your Kotak811 account.
*W.e.f. May 25, 2020, interest rate on daily balances in Savings Account stands revised as follows: Daily balances above Rs. 1 lakh will earn 3.5% interest p.a. and daily balances up to Rs. 1 lakh will earn 3.50% interest p.a. The interest rates mentioned are applicable for Resident Accounts only.
In case you have opened an Kotak811 Lite account if you didn't want to use your Aadhaar or you didn't want to open savings account for receiving DBT or didn't receive Aadhaar OTP, then you need to convert your account to Full KYC account in order to get Savings account interest, virtual debit card and cheque book.
**Scan and Pay at selected store outlets