Zero Balance Account - 811 Digital Bank Account Fees & Charges - Kotak 811
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GSFC charges for 811 kotak Limited

Particulars Kotak 811 Limited KYC Account
Average Monthly Balance Minimum Balance Zero
Funds Transfer NEFT, IMPS through Net/Mobile Banking No charges
NEFT, RTGS through branches Not available
Payments Merchant/Bill Payments, Online shopping No charges
Cash Branch/Cash Deposit Machine No charges for 1 txn or 10,000/month, whichever is earlier. Post these limits, charged at Rs 4.5/1000 (Minimum Rs. 50)
Withdrawal Not available
Virtual Debit Card Issuance / Annual Fee No charges
Physical Debit Card Classic debit card - Annual/Replacement Fees Rs.199 Per Annum
My Team/Other Image Debit Card (available on request only) One time image cost basis selected Image + Rs. 199 Annual charges
ATM Transactions - Kotak Bank Cash Transactions - Upto 5 No charges
Cash Transactions - Above 5 Rs.20
Non Financial transaction No charges
ATM Transactions - Other than Bank Cash Transactions + Non Financial Transactions - Upto 5 No charges
With atmost 3 being carried out in metro city
Cash Transactions Rs.20/Transaction after the first 5 free transactions
Non Financial transaction Rs.8.5/Transaction after the first 5 free transactions
International ATM Cash Transaction Rs.150/txn
Non Financial transaction Rs.25/txn
Declined Transactions Transaction declined due to insuffient balance Rs.25/Instance
Cardless Cash Withdrawal No charge for 1 txn /Month & subsequent txn will be charged Rs.10/txn
DD/Pay Order Not available
SI Failure Not available
ECS Mandate verification Not available
At-par cheque book Not available
FCY - DD/Cheque Not available
Branch Request Not available
Statement Email No charges
Physical Statement Rs.100/charges
Balance & transaction & VAS Rs.0.5 per SMS (Daily/Weekly)
PIN Generation Through courier Rs.100/Request


Frequently Asked Questions

How can I apply for a 811 passbook?

Your Kotak811 digital savings account does not require you to carry a passbook. You can check all your transactions online on the Kotak Mobile Banking App.

If you wish to have a statement of your transactions for documentation purposes, you can place a request on the Kotak Mobile Banking App and receive your statement on your registered email ID.

If you still prefer a Passbook, you can apply for it online and get it be delivered to your preferred communication address as per Bank records in 7-10 working days. Please note, only Full KYC account holders can request for a passbook. This process is applicable only for customers applying for a passbook for the first time. For second passbook onwards, please visit your nearest bank branch.

To apply for a passbook, Click Here

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How can I start a Recurring Deposit/Term Deposit?

You can start a recurring deposit or a term deposit through the Mobile Banking App or through Net Banking. Please visit the ‘Banking’ section inside the Mobile Banking App or Net Banking and click on ‘Open Recurring Deposit’ or ‘Open Term Deposit’.. These features are available to customers who have met us to verify their identity details. If you haven’t done that yet, please schedule an appointment via the Mobile Banking app or call customer care on 1860 266 0811*
*Local call rates apply.

*Local call rates apply.

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How can I use Scan & Pay feature inside the Mobile Banking App?

You can see the ‘Scan & Pay’ option inside the Mobile Banking App. You will see this under the ‘Banking’ section of the Mobile Banking App. Once you click on it, it will open the QR code reader. You need to project it on the QR code and it will read it automatically. Once the QR is successfully captured, you can punch the amount you wish to pay and the amount will be transferred instantly.

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What is a Virtual Debit Card? How do I use it?

Kotak 811 brings you a Virtual Debit Card inside your Mobile Banking App. You can use it to shop online, pay bills, recharge or use ‘Scan & Pay’ at merchant outlets. 811 Debit Card is given to customers who have verified their details using Aadhaar OTP.

If you need to check your card details - card number, expiry date or CVV - it’s easy; just log in to your Mobile Banking App after opening your Kotak 811 account and click on the 811 widget.

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Can I have a physical Debit Card? How do I apply for one?

Yes, you can! You can request a physical Debit Card from the 811 widget in your Kotak Mobile Banking app. Just login into the Kotak Mobile Banking App and navigate to 811 section -> virtual debit card -> Get one now.

The physical Debit Card will be charged at Rs. 299 p.a. (inclusive of taxes) You’ll need to have sufficient balance in your account to order one.
Once you’ve requested a physical Debit Card, we’ll charge the card fees to your account and your card will be delivered to you within 7 working days at the communication address you’ve registered with us.
811 physical debit card is not given to 811 Lite customers. 811 Lite customers are issued a virtual debit card once the full KYC for the account is completed. After the virtual debit card is issued, customers can follow the process mentioned above to get the physical card.

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