Kotak 811 launches India's first zero-contact, video KYC savings account.
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Check the documents required for opening 811 Savings Account.
For General Schedule of Features and charges for 811 Savings account with effect from 1st June, 2025 - Click here
Particulars | Kotak 811 Limited KYC | Kotak 811 Lite | Kotak 811 Full KYC Account (Classic Account) | |
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Average monthly Balance | Zero | Zero | Zero | |
Non-maintenance Charges | Charges for Non-maintenance of minimum monthly average balance | Nil | Nil | Nil |
Funds Transfer | NEFT/ RTGS / Funds Transfers / IMPS (Through Net / Mobile Banking)# | NEFT / IMPS: Nil Charges; (RTGS: Not available) | Outward Funds transfer is not available | NEFT / RTGS / IMPS: Nil Charges |
NEFT / RTGS done through Branch | Not available | Not available | For NEFT: Up to Rs.10000: Rs.2; Rs.10001 to Rs.100000: Rs.4; Rs.100001 to Rs.200000: Rs.14; > Rs.200001: Rs.24. For RTGS: Rs.200000 to Rs.500000: Rs.20; > Rs.500001: Rs.40 |
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Cash Transactions At Branch | Cash Transactions at Branch / Cash Deposit Machine(Deposit or Withdrawal) | Nil Charges for 1 transaction or 10,000 / month, whichever is earlier. Post these limits, charged at Rs.5/- per Rs. 1000/- (Minimum Rs.150) (Cash Withdrawal: Not available) |
Nil Charges for 1 transaction or 10,000 / month, whichever is earlier. Post these limits, charged at Rs.5/- per Rs. 1000/- (Minimum Rs.150) (Cash Withdrawal: Not available) |
Nil Charges for 1 transaction or Rs.10,000/month, whichever is earlier. Post these limits, charged at Rs.5/- per Rs.1,000/- (Minimum Rs.150) |
Virtual Debit Card | Issuance Fee | First issuance free, post which Rs.49 /issuance |
Virtual Prepaid Card with Nil Charges | First issuance free, post which Rs.49 /issuance |
Renewal/Annual Fee | Nil Charges | Virtual Prepaid Card with Nil Charges | Nil Charges | |
Debit Card / ATM Charges | Issuance/Annual Fees for Physical Debit Card (available on request) | Refer below table for detailed fees on Debit card | Not available | Refer below table for detailed fees on Debit card |
Image Debit Card Issuance(available on request only) | One time image cost as per image selection + Rs.399 / year (inclusive of taxes) | Not available | One time image cost as per image selection + Rs.399 / year (inclusive of taxes) |
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Kotak Bank's ATM – Financial Transaction/ Non-Financial Transaction* | Refer below table for card wise free limits. Beyond free limits the charges will be as follows: Financial txn: Rs.23 / txn Non-Financial txn: Rs.10/txn |
Not available | Refer below table for card wise free limits. Beyond free limits the charges will be as follows: Financial txn: Rs.23 / txn Non-Financial txn: Rs.10/txn |
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Other Domestic ATMS – Financial Transaction / Non-Financial Transaction## | Not available | |||
Financial Transaction / Non-Financial Transaction at International ATM + | Rs.150 / Txn. for Financial transactions and Rs.25 / Txn for non-Financial transactions | Not available | Rs.150/Txn. for Financial transactions and Rs.25 /Txn for non-Financial transactions | |
Cardless cash withdrawal (IMT) | Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs.10/- per transaction | Not available | Nil charges up to 1 transaction per month and subsequent transactions will be charged Rs. 10/- per transaction | |
Transactions declined at merchant outlets/websites/ATMs, due to insufficient balance(w.e.f April 1,2019) | Rs.25 / Instance | Not available | Rs.25 / Instance | |
DD / Pay order / Cheque book | DD / Pay Order | Not available | Not available | Rs.4/- per Rs.1000/- (Min Rs.50 Max Rs.10000) For senior citizens Rs. 3/- per Rs.1000/- |
FCY – DD / TT/ Cheque Collection / Revalidation/ Cancellation / FCY Cheque Deposited and Return |
Not available | Not available | Rs.500 | |
At-par Cheque Book Charges | Not available | Not available | Chargeable Rs.5/ cheque leaf (available on request) | |
ECS / Cheque Issued & Returned (due to non-availability of funds) | Not available | Not available | Rs.500 / instance | |
Cheque Issued & Returned Fee for Non- Financial Reasons | Nil | Nil | Rs.50 per instance | |
ECS Mandate Verification | Not available | Not available | Rs.50 / instance | |
SI Failure | Not available | Not available | Rs.100 | |
Cheque deposited and returned | Not available | Not available | Rs.200 | |
Branch Requests | Duplicate Ad-hoc statement, , Duplicate Passbook, TDS Certificate through Branch or any other Record Retrieval, Stop Payment - Single / Range of cheque thru branch; DD Revalidation; PO / BC Revalidation/ Cancellation ; Annual Combined Statement-Physical; Monthly Physical Statement |
Not available | Not available | Rs.100 / Request For Senior Citizens: DD Cancellation Charges - NIL, Other mentioned services except Foreign Inward Remittance Certificate (FIRC) - Rs 75/ request, FIRC - Rs 100/ request |
Balance & Interest Statement, Regeneration of PIN of Net Banking / Phone Banking (sent through courier) | Nil | Nil | Nil | |
Statements & Alerts | Statements | Email statement @ nil charges Physical statement @ 100 / Request | Email statement @ nil charges Physical statement @ 100 / Request | Email statement @ nil charges Physical statement @ 100 / Request |
Balances and Transaction & Value added alerts (Daily/ Weekly) | 50 p. per SMS (Daily/ Weekly) | 50 p. per SMS (Daily/ Weekly) | 50 p. per SMS (Daily/ Weekly) | |
Home Banking Service | Cash** / Instrument Pick Up / Delivery (Not Valid for Ahmedabad & Kolkata | Not available | Not available | Nil |
Complimentary Services | Passbook | Nil (Courier Charges Applicable : Rs 25) | Not available | Nil (Courier Charges Applicable : Rs 25) |
Current Year Balance and interest statement, Signature Verification Certificate, Photo Attestation and Address Confirmation | Nil | Not available | Nil | |
Forex Card | Issuance Fee | Not available | Not available | Rs.250 (exclusive of GST) |
Reload Fee | Not available | Not available | Rs.75 (exclusive of GST) | |
Other Charges | (Temporary Over Draft)TOD | Not available | Not available | Rs.500 |
Cheque purchase | Not available | Not available | Cheque Purchase Charges: 0.5 /1000 (Min 50; Max 10000) | |
Request for PIN generation / re- generation (sent through courier) |
Nil | Nil | Nil |
•Features of Kotak811 Lite Account: Aggregate of all credits should not exceed Rs.5,000 in a calendar month. Balance in the account should not exceed Rs.5,000 at any point in time. The aggregate of all credits should not exceed Rs.1,20,000 in a financial year. Customer won't be allowed to transfer funds before the account is converted to Full KYC account. No cheque book will be issued and cheque deposit will not be allowed to customers.
•Features of Kotak811 Limited KYC Account: Aggregate of all credit should not exceed 2 Lakh in a year and, Account balance at any point should not exceed 1 Lakh. Customer can transfer a maximum amount of Rs.100,000 through online transfers. Customer won't be allowed to transfer funds through branch before the account is converted to Full KYC account. No cheque book will be issued.
##Cash withdrawal limit from other Domestic ATM is Rs. 10000 per transaction. #+ Top 6 Cities – Transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad ATMs.
*Financial transaction at ATM will include Cash withdrawal, Non-Financial transaction will include balance enquiry, PIN change, Mini statement request.
•Transaction and Value Added SMS alerts would be sent to the customers who have subscribed for Daily / Weekly. Balance Alerts facility. Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge, even if Daily / weekly Balance SMS alerts facility has not been subscribed.
# Indo – Nepal Remittance Scheme (NEFT Charges): If Beneficiary maintains an Account with Nepal SBI Bank Ltd. (NSBL): Rs.25 per txn (incl all taxes). If Beneficiary does not maintain an Account with Nepal SBI Bank Ltd (NSBL): Up to Rs.5000 – Rs.75 per txn. & beyond Rs. 5000 – Rs.100 per txn. (incl all taxes). Nil charges for NEFT done thru Mobile banking / Net Banking.
•Differential pricing may be offered in corporate offerings as per business discretion. We encourage you to contact your account representative for detailed information on eligibility and any potential charges. Terms and conditions apply.
•811 Super Programme fees will be Rs.399/Year. We levy debit card issuance and annual charges in advance. If a debit card expires during the year, annual charges will be applicable on a pro-rate basis for the number of months the card is transaction-ready.
•A Dynamic Currency Conversion (DCC) mark-up fee of 1% plus GST will be applicable on your Kotak Bank Debit Card for: transactions done in Indian currency (INR) at international locations or transactions done in Indian currency (INR) with merchants located in India but registered in an international location. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions.
•In case, you hold multiple Kotak debit cards with the same card type (the first 6 digits of the card can be checked to understand if two debit cards are from the same card type). Each card type (not each card holding) will have its own monthly free ATM withdrawal limit as per below table.
**Wef 1st Feb’ 21 Cash Pick Up / Delivery for Ahmedabad & Kolkata for all SA & CSA account types - Free limits not valid on Cash Pickup Charges. For charges kindly refer to table below. DCC mark-up fee will be applicable on all ATM, POS/In-store or Online transactions. The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA / Master Card wholesale exchange rate prevailing at the time of transaction.
•Charge of 1% on the transaction amount + GST will be applicable on cash withdrawal transactions done at merchant outlets (Cash@PoS) Charges are exclusive of the Goods and Service Tax (GST). With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value.
•The GST rate is subject to change from time to time. State government taxes/ Cess as applicable shall be charged.
•With effect from September 1st 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year.
•Any rejections in applications made through ASBA mode due to insufficient funds will attract charges of Rs. 350/- per rejection<> As per RBI guidelines, Business / Commercial transactions are not permitted in the Savings Accounts.
+Additional charges levied by another bank on international ATM transactions will also have to be borne by the card holder. The above charges are subject to revision with a prior intimation of 30 days to all account holders – DC Charges are inclusive of all taxes. Closure of account due to revision of charges will not be subject to account closure charges.
•Cash Pick Up / Delivery (Ahmedabad & Kolkata Only): Up to 2 lacs: Rs 750/- per Req, Rs 2 Lacs to Rs 4 lacs: 1000/- per req, Rs 4 Lacs to Rs 8 lacs: 1575/- per req, Rs 8 Lacs to Rs 15 lacs: 2650/- per req, Rs 15 lacs & above: 4900/- per req
•Annual charges for the following debit cards will be waived for customers holding the 811 Super Savings Account:
•Dream Difference Debit Card
•Super Platinum Debit Card
•Metal Debit Card
Issuance charges for the Metal Debit Card will be waived if the customer:
o Opts for the 811 Super Savings Account variant, and funds the account with ₹81,100 or more at the time of account opening or debit card request *All Charges mentioned above are exclusive of GST
Card Type & First 6 Digits of Debit Card | Free Domestic ATM Transaction Limits | Charges beyond the free limits | |||||
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DreamDifferent Debit Card (Card no. starts with: {459453}) | Kotak ATM: 5 transactions Non Kotak ATM: 3 (Metro) or 5 (Non-metro) transactions (Financial or non-financial transactions) |
Financial transaction: Rs.23/txn Non-financial transaction: Rs.10/txn | |||||
811 Super Debit Card (Card no. starts with: {428091}) | Kotak ATM: 10 transactions Non Kotak ATM: 3 (Metro) or 5 (Non-metro) transactions (Financial or non-financial transactions) |
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811 PVR Debit Card (Card no. starts with: {483086}) | Kotak ATM: 20 financial transactions Non Kotak ATM: 20 transactions (Financial or Non-Financial) Overall Free Limit: 20 transactions |
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811 Infinity Metal Debit Card (Card no. starts with: {40658480}) | Kotak ATM: 20 financial transactions Non Kotak ATM: 20 transactions (Financial or Non-Financial) Overall Free Limit: 20 transactions |
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811 Platinum Debit Card (Card no. starts with: {40658435}) | Kotak ATM: 15 financial transactions Non Kotak ATM: 15 transactions (Financial or Non-Financial) Overall Free Limit: 15 transactions |
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All other card types | Kotak ATM: 10 transactions Non Kotak ATM: 3 (Metro) or 5 (Non-metro) transactions (Financial or non-financial transactions) |
Debit Card Annual Charges | ||||||
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Debit Card Type | Issuance / Annual | Replacement | ||||
811 Dream different Classic debit Card | Rs. 399 | Rs.299 | ||||
811 Super Platinum Debit Card | Rs.399 | Rs.299 | ||||
PVR Rewards platinum Debit Card | Rs.588.82 | Rs.236 | ||||
811 platinum debit card | Rs.899 | Rs.299 | ||||
GoQii Wearable Debit Card | Issuance : Rs.3499 Annual: Rs.305.62 | Rs.885 | ||||
811 Infinity Metal Debit Card | Issuance : Rs.4999 Annual : Rs.999 | Rs.4999 | ||||
All other VISA Classic & Platinum Cards | Click here to view the details | |||||
*All charges mentioned above are inclusive of GST. Annual charges for the following debit cards will be waived for customers holding the 811 Super Savings Account: 811 Dream Difference Debit Card ,811 Super Platinum Debit Card and 811 Infinity Metal Debit Card Issuance charges for the Metal Debit Card will be waived if the customer Opts for the 811 Super Savings Account variant by paying super subscription fee, and funds the account with ₹81,100 or more at the time of account opening or debit card request. First Virtual Debit Card issuance is free and thereafter Rs.49 will be charged for every issuance |
Any purchase / sale of foreign exchange will attract Goods and service tax (GST) on the gross amount of currency exchanged as per goods and Service Tax (GST) on Foreign Currency Conversion Charges (FCY) table below. Value to purchase or sale of Foreign Currency Goods and Service Tax Amount (GST) w.e.f. June 01, 2016 | |||||||
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Value to purchase or sale of Foreign Currency | Goods and Service Tax (GST) Amount w.e.f. June 01, 2016 | ||||||
Up to Rs. 1,00,000 | 1% of the gross amount of currency exchange or minimum of Rs. 250/- | ||||||
Above Rs. 1,00,000 to Rs.10,00,000 | 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000. |
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Above Rs. 10,00,000 | Rs. 5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs. 60,000/- | ||||||
Outward Remittances - Individual | Standard Charges | ||||||
Telegraphic Transfer Charges (other than payment for imports) | Rs.1250 + Tax | ||||||
Correspondent Bank Charges (Outward remittance wherein the foreign bank charges are paid by remitter) | Rs.1000 + Tax | ||||||
Issue of FCY DD's | Rs.750 + Tax | ||||||
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account) | 0.125 %; minimum Rs.1000 +Tax | ||||||
The revised GST slabs are as below : | |||||||
Value of purchase or sale of Foreign Currency | Value on which GST rate will be applicable | ||||||
Up to 1,00,000 | 1% of the gross amount of currency exchanges or minimum of Rs.250/- | ||||||
Above Rs.1,00,000/- to Rs.10,00,000/- | 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000. | ||||||
Above Rs.10,00,000/- | Rs.5500/- + 0.10% of the gross amount of currency exchanges lessRs.10,00,000 subject to maximum of Rs.60,000/- |
Your zero balance digital savings account does not require you to carry a passbook. You can check all your transactions online on the Kotak811 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
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.
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.
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.
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.