Kotak Mahindra Bank
Kotak 811 Savings Account is Kotak Mahindra Bank's flagship digital banking product — a zero-balance, fully digital savings account that can be opened in under 5 minutes using just your Aadhaar and PAN card. Named for the 811 area code in Mumbai (where Kotak started), the Kotak 811 account brings the full power of one of India's leading private sector banks to the digital-first generation. The account opening journey is remarkable for its simplicity. Download the KayMall app, enter your mobile number and Aadhaar details, complete the Aadhaar eKYC with a selfie, and provide your PAN number. Within minutes, your Kotak 811 account is active with a virtual debit card ready for UPI and online transactions. The Kotak 811 Digital Debit Card is a RuPay-based card that works at all ATMs and merchant outlets in India. You can link it to any UPI app (Google Pay, PhonePe, Paytm, Amazon Pay) and make unlimited free transfers. The physical card is delivered to your doorstep within 3-5 business days. One of the standout features of Kotak 811 is the overdraft facility that becomes available after 6 months of good account conduct. Customers who maintain regular salary credits and good transaction history can access an overdraft of up to ₹2 lakhs without any collateral — a credit facility from a digital savings account. The interest rate is 3.0% per annum on balances up to ₹10 lakhs — the same as Kotak Mahindra Bank's regular savings account rate. This is credited quarterly to your account. Source: Kotak Mahindra Bank official website, updated May 2026.
| Feature | Details |
|---|---|
| Interest Rate | 3% p.a. |
| Minimum Balance | ₹0 |
Review the eligibility criteria below. Most savings accounts require Indian residency, valid KYC documents, and a minimum age of 18 years.
Click "Apply Now", fill in your details, and complete KYC via Aadhaar eKYC, video call, or by uploading self-attested documents.
Once KYC is verified, your account is activated within 1–3 working days. You will receive your account number and can start transacting immediately.