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Kotak Mahindra Bank may not have achieved the numero uno status overall but has always managed to grab traction over the years owing to its ability to bring something new to the table every now and then. A little more than a year and a half before, Kotak had launched a digital bank account in the form of 811. As soon as it happened, 811 Kotak became a rage and it still is given the wide range of services on offer. The account has four variants - 811 Limited KYC, 811 Lite, 811 Full KYC Account and 811 Edge. Let’s check out the details of each of them in this article before choosing a one for us. 811 Limited KYC Firstly, the account can be opened by installing 811 App on mobile or on the website. The best part is that it does not require an individual to maintain a balance by virtue of a zero balance feature. You can earn interest of up to 6% per annum. A free virtual debit card would be offered to you to make transactions with the same. On the other hand, a physi...

You can open a bank savings account in five minutes. 811 Kotak is a zero balance bank savings account. You can use the account to transform the Indian economy into a cashless one it’s a full-digital banking service. This site can open with only for single users and not for joint users. They can also offer other, digital accounts such as 811 lite savings account and 811 OTP savings account to fulfill the desires of different customers. Those customers who are without a PAN card or Aadhaar number can apply for 811 Kotak edge account. The name of the plan 811 inspired by the day when the demonetization move was announced by the PM, and this was the first step to digital India. That’s why 811 Kotak is the digitization of the country. Kotak 811 Account Opening Procedure Do you want to use the Kotak 811 account? For that, you need to download or install the Kotak mobile banking app. After installation from your smartphone should provide your Aadhaar number, PAN ...