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Kotak 811 review

An all-in-one digital banking account for you to manage your finances on the go.

A digital offering by Kotak Mahindra Bank, the Kotak 811 account comes with a wide array of banking features including free virtual debit card and fee-free transfers, making it perfect for banking on the go.

Learn more about the Kotak 811 account variants, its features and fees to decide if it suits your needs.

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Account Service


Average Monthly Balance (AMB)

₹199 p.a.

Physical Debit Card


Product NameKotak 811 Digital Bank Account
Annual Account Service₹0
Average Monthly Balance₹0
How to openMobile
Fund TransferIMPS
Mobile paymentsGoogle Pay
Cash depositsYes
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More Info

How Kotak 811 works

Designed with the needs of the digitally savvy in mind, the Kotak 811 is a zero balance account that puts all your finances at your fingertips.

It is available to any Indian residents and offer a convenient one-stop solution for all your day-to-day transactions and financial needs. The balance maintained in the 811 account can also accrue interest at up to 4% p.a.

So whether you’re looking to make cashless payments, conduct a fund transfer or grow your nest egg, you can perform all of these directly with the Kotak 811 digital banking platform.

Key features

  • No minimum balance commitment. Unlike regular savings accounts, Kotak 811 doesn’t impose any minimum average balance requirement. This way, you can enjoy stress-free banking without having to worry about any fall-below fees.
  • ActivMoney facility. A unique fixed deposit facility that automatically transfers funds (a process known as a ‘sweep’) above a pre-specified threshold on your account balance to a Term Deposit (TD) Account for 180 days, which will accrue higher interest. Enjoy the flexibility of setting your preferred sweep-in and sweep-out limit.
  • Virtual debit card. Make secure payments with a virtual debit card linked to your mobile wallet
  • Scan & Pay. Enjoy cashless and convenient payments by scanning the Bharat QR or mVISA logo with the ‘Scan & Pay’ feature through your Kotak Mobile Banking app. Available at select online and retail merchants only.
  • Cash withdrawal. To withdraw cash from an ATM, you’ll need to order a physical debit card. Alternatively, you may also visit a Kotak Bank branch to withdraw cash.
  • Shopping and travel perks. Pay for movie tickets, travel bookings and shopping expenses with ease via KayMall, Kotak’s in-app mall.
  • Instant account opening. Open your account instantly at the comfort of your home without heading down to a bank branch. Simply apply for the Kotak 811 account through your smartphone or Internet browser.

What account options are there with Kotak 811?

There are three variants to the Kotak 811 digital bank account based on the level of KYC verification you’ve completed — 811 Full KYC, 811 Limited KYC and 811 Lite. Fully verified customers may also apply for the 811 Edge account.

Fees and limits

Most digital banking services offered by the Kotak 811 account are free to use, hence there’s no minimum balance fees or charges for any fund transfers conducted from Kotak’s mobile app or Internet banking platform. Virtual debit cards are also available with 811 Limited and 811 Full KYC accounts for free.

However, these are some fees to look out for:

  • Physical debit card. For 811 Limited and 811 Full KYC account holders, a physical debit card is available at ₹199
  • ATM withdrawal fee. The first 5 withdrawals from Kotak bank ATMs are free. Thereafter, each withdrawal will be chargeable at Rs. 20.

The verdict

The Kotak 811 account offers a lot of flexibility on top of the convenience it offers to its users, from its account variants to a paperless application process. Everything is handled with ease on its digital banking platform. Most of all, all four variants allow you to bank without stress since there’s no need to maintain a minimum balance.

If you’re looking to try out its digital banking features for less than 12 months, the Kotak 811 Lite or Limited account may suffice. However, if you wish to bank long term, you should complete the full KYC verification and apply for the Kotak 811 Full KYC or Kotak 811 Edge accounts to accrue interest on your balance and access extra features, such as the option to request a physical debit card and cheque books.

Before you apply for a Kotak 811 account, make sure to shop around for other similar products to ensure that it’s the best fit for your financial needs.

How to sign up

Applying for a Kotak 811 account is a quick and simple process that may be completed online within 10 to 15 minutes from the comfort of your home. Alternatively, you may also open the account by visiting your nearest Kotak bank branch.

If you wish to apply for the Kotak 811 Full KYC or Kotak 811 Edge account, make sure to complete all required KYC verification.

Eligibility criteria

  • At least 18 years old
  • A resident of India with an Indian residential address
  • A new customer of Kotak Mahindra Bank

Required documents

Make sure you have the following details on hand when applying:

  • PAN number
  • Aadhaar number (if you don’t have this, you may only open a Kotak 811 Lite account)

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Frequently asked questions

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