Why Kotak 811 Plan is one of the best savings bank account options? I am sure Ranveer Singh’s Kotak ad would have gotten you hooked on immediately, despite whatever work you were engaged in. And why wouldn’t it? Apart from the magnificent persona, Ranveer, there was a line in that ad which hit me emotionally. It read “Yeh bench baithne vaale sey uski - umr, jaat, paat, vesh, aukaat - kuch nahi poochta. Bilkul Kotak 811 ki tarah. Yeh bhi aapse kuch nai puchta. Sirf ek sawaal puchta hai ki ‘aap Indian hai ki nai’?” Not only did it got my attention emotionally, but also economically, when I checked out the benefits. Take a dive into the awesome features and benefits of the Kotak 811 plan: Easy Account Opening: There is no need to visit the branch to open an account. Just log-in to the Kotak website and click on the instant account opening option. That’s it! Interest earnings: Where other banks are offering an interest rate upto 4% per annum, Kotak Mahindra is offering upto 6% interest rate on your savings. Kotak 811 account interest rate is certainly changing the banking game by arranging for such good returns. No Minimum Balance: As it evidently proclaims, it is meant for everyone, so it is designed where customers do not have to maintain any minimum balance. Zero fees will be charged as there’s no need to maintain a minimum balance. Free Debit Card: The envelope which you’ll get after being admitted as a Kotak 811 plan customer will have the Kotak 811 Virtual Debit Card in it. With this debit card, you can go cashless. Just swipe your card for anything you want. Easy Money Transfer: Gone are those days where you had to visit a branch, stand in a long queue and wait for hours to send money to a loved one. With the Kotak net banking and Kotak mobile app facility, you can transfer your money to anyone and anywhere, hassle-free. How Kotak 811 Account Interest rate is One of the Best option in the Market? Normally, the interest on savings account is around 4% per annum. But, Kotak has taken the interest game a notch above by providing interest upto 6% per annum. Kotak also gives you an opportunity to earn a higher rate of interest on the funds lying in your Kotak 811 account. Do you want to know how? With the Auto Sweep In Facility, you can
convert the funds lying in your account into Fixed Deposit. Availing this facility many advantages. Some of them are mentioned here: ● Since the idle funds are now turning into an investment in fixed deposit, obviously, the interest rate you’ll earn is also going to be higher. ● No need to track your funds regularly or give bank instructions to debit the fund everytime. Kotak ActivMoney feature does it all for you. ● It sends back fund to your savings bank when requires so that you don’t face any liquidity crunch and flexibility issues. What are the variants under the Kotak 811 plan? There are two variants under the Kotak 811 plan. One is the Kotak 811 Digital Bank Account and the other one is the Kota 811 Edge. All the features and benefits mentioned above were about the Kotak 811 Digital Bank Account. Kotak 811 Edge some upgraded features - platinum debit cards, free online transfer and much more. But the cost that the customers have to bear to avail the features is the maintenance of INR 10000 minimum monthly balance.