Kotak Mahindra Savings Account Interest Rate
Dec 11, 2020, interest rate of 4% p.a. Will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 1 crore while interest rate on daily balances in Savings Account above Rs. Kotak Savings Fund - Direct Plan 5 Value Research 16346 218-16346 Kotak Mahindra Mutual Fund The scheme seeks to generate returns through investment in debt and money market instruments with a view to reduce the interest rate risk. . Applicable for Resident Indian Individuals only. Daily balances in Savings Account up to Rs. 1 lakh continue to earn 3.50% p.a. Dec 11, 2020, interest rate of 4% p.a. Will be applicable on daily balances in Savings Account over Rs. 1 lakh and up to Rs. 1 crore while interest rate on daily balances in Savings Account above Rs. 1 crore stands revised at 3.50% p.a. Sep 02, 2020 For each year range, the maximum offered interest rate is considered; interest rate is for a normal fixed deposit amount below Rs. If one is looking to open a savings account in any of. Can I get any benefit if I am an existing Kotak Bank current account or savings account customer? We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.
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No Maintenance Fees
Don’t worry about maintaining a minimum account balance. Your 811 account has zero charges for non-maintenance of balance.
Get Interest On Your Balance
Avail up to 4%* interest per annum on your account balance.
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Award Winning Services
Experience Kotak 811 and know why it has received awards and accolades in the world of banking.
Enjoy unlimited banking with zero paperwork
Get the full-fledged award-winning 811 experience - with unlimited account validity and unrestricted deposits and spends. Just complete your Full KYC verification right at your doorstep.
Debit Card:
- Get relief from the plastic cards with Kotak 811.
- Benefit of virtual card compatible with your phone.
- Enjoy faster bill payment in just few steps.
- Bills paid on shopping, groceries, movies is done by just scanning.
Kotak Mahindra Nre Savings Account Interest Rate
Product Features:
- Start with Zero Balance Account anytime.
- Enjoy zero charges for maintaining the balance anytime.
- Get 4% interest rate per year.
- Buy travel movies in one app only.
Offers and Discounts:
- Flat 20% instant discount + additional 10% cashback on medicines with Netmeds wallet.
- Enjoy 25% discount on minimum purchase of Rs 250.
- Get up to INR 650 saving on flight tickets booked via Ixigo.
- Flat 10% off on BigBasket on every Wednesday with minimum buy worth INR 1500.
- Buy 1 ticket, get 1 free every Saturday on all PVR Movies hall.
What is Kotak 811 saving account?
Kotak Mahindra Group stands at the second position of market capitalization and provides one place to get all the banking needs from different types of accounts, mutual funds, insurance and much more. Kotak 811 Saving Account gives you the pleasure of 4% interest rate and no limitation on maintaining the minimum balance.
How to get a 4% interest rate?
To get 5% interest rate with Kotak 811 Savings account, the balance required up to 1 Lakh while to enjoy 4% interest rate, balance between 1 lakh to 1 crore is mandatory and above 1 crore, 5.5% interest rate is applicable.
Maximum amount for Kotak 811 saving Account?
Kotak Mahindra Savings Account Interest Rate
Without KYC done, you can keep Rs 1 lakh in your savings account while Maximum Rs 2 lakh can be credited.
However, after the KYC is done, more than Rs 2 lakh balance can be maintained anytime.
Kotak 811 is a digital zero balance savings account that you can open online. The online savings account opening process is seamless, zero-contact and barely takes a few minutes. Just keep your PAN card & Aadhaar number handy and complete a few steps to open the instant savings account from the comfort of your home or office.
Kotak 811 is a zero balance saving account. This means that you don’t have to pay any penalties for not maintaining a minimum balance. In fact, you don’t have to maintain an average balance. However, if you do maintain a balance, you can earn higher than average interest on your savings and explore Fixed Deposits and other investment offers with us.
Kotak Mahindra Interest Rate
Kotak 811 is one of the best online savings bank account in India. Your 811 savings bank account is protected by the latest technology and you can open a savings account without any worry.
So, what are you waiting for? Open an online savings account with Kotak 811 and start banking with the best bank for savings account in India.
*Disclaimer
Scan and Pay through your Kotak Mobile Banking App at select in-store outlets.