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Stocks in Focus on January 31: ITI FPO, Kotak Mahindra Bank to CPSE ETF; here are expected 5 Newsmakers of the DayA new account has caught attention of customers, and it can be very beneficial while travelling, shopping, movies and even on online transactions. Private lender Kotak Mahindra Bank has a zero balance account called 811, which translates into a full-service digital banking ecosystem, all available to you on mobile. According to Kotak, the essence of 811 is to bring to you all facilities from zero balance banking to seamless shopping, travelling and entertainment experience under one umbrella of Kotak 811.
811 account comes as a one-stop solution to any individual. Just fill in the details and experience mobile online banking like never before.
811 account
A customer can earn up to 6% per annum on savings account balance over Rs 1 lakh and up to Rs 1 crore. One can earn up to 5% interest per annum on account balance made upto Rs 1 lakh and 5.5% interest is given to balance account above Rs 1 crore.
Avail Special Fixed Deposit Rates @ 7.35% per annum for 390 Days.
This account is available to only Indian residents. Interest rates are subject to change from time to time.
To open this account a customer will have to submit their Aadhaar number and PAN number or Form 16 to Kotak, as per PMLA guidelines.
Features
- Make quick and free fund transfers using IMPS.
- Invest in term deposits, mutual funds and more.
- Use the mStore to shop on Flipkart, buy movie tickets, book flight tickets and lots more.
- Choose between a virtual debit card and a physical debit card or both.
- Get a cheque book even while you enjoy the power of digital banking.
Cashback
- Rs 1000 cashback on flight bookings on Goibibo for minimum transactions up to Rs 7,500.
- Rs 250 cashback on Flipkart for minimum transactions of Rs 1,500 made on Kotak net banking.
- Rs 100 cashback on IRCTC e-ticket booking on minimum transactions of Rs 500.
- Rs 200 cashback on PVR. Minimum 2 seats in 1 transactions.
- 80% discount upto Rs 200/- on Kindle eBooks
- Rs 200 cashback on bus tickets booked from Goibibo on every transaction above Rs 750.
- Rs 250 cashback on Shopclues for every minimum transactions up to Rs 1,500.
- Avail upto Rs 750 cashback on UPI transactions with Zero Balance 811 A/c.
Therefore, if you want to avail above mentioned benefits, then Kotak’s 811 account can be answers to your every needs.
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