Kotak Mahindra Savings Account Interest Rate

Sweep in Facility, allows you to link your fixed term deposits with your current or savings account. Choose this method to enjoy liquidity on term deposits. Click here to know more about the sweep account interest rates. Private lender Kotak Mahindra Bank has reduced interest rates for savings bank accounts. The new interest rates will be effective from May 25, Monday. According to the bank, interest rates on savings account for balance up to Rs 1 lakh has been cut by 25 bps to 3.5 percent from 3.75 percent earlier. 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. 811 Savings Account for Everyone. Kotak 811 is a zero balance digital bank account available to everyone (Resident Indian individuals only). Kotak 811 lets you choose between a zero balance account or an 811 Edge savings account.

Online Money Transfer

FREE

Virtual Debit Card

Get your card number instantly with a Virtual Debit Card & start transacting & paying online.

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.

Scan And Pay

Why use cash or cards when you can scan and pay for your bills & purchases?

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.

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.

Kotak Mahindra Savings Account Interest Rates

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 811 Saving Account Interest Rate

Without KYC done, you can keep Rs 1 lakh in your savings account while Maximum Rs 2 lakh can be credited.

Kotak Mahindra Savings Account Interest Rate Best

However, after the KYC is done, more than Rs 2 lakh balance can be maintained anytime.