Apr 15, 2020 SBI savings account interest rate – 2.75%. Kotak Mahindra Savings Account Interest Rate. Kotak Mahindra Bank is getting popular for its banking facilities. They are also providing good interest rates on savings accounts as well. Kotak Mahindra Bank savings account interest rate – 5%. You get 2 interest options with Kotak Mahindra Bank. 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.
- Kotak Mahindra Savings Account Interest Rate 2021
- Kotak Mahindra Savings Account Interest Rate Calculator
- Money Market Rates
Kotak Mahindra Bank (KMB) therefore designed a special savings bank account for children 'Kotak Junior' to encourage them to save smartly from an early age. The account comes with the advantage of 4% interest rate and several unique features like, a first of its kind membership card for children, and rewards programme which appeal to the parent.
Higher rate of interest earned. You need NOT track idle funds regularly & give instructions to the bank to create Term Deposits out of Savings Account balances. Greater Flexibility & Liquidity as the funds flow back into the Savings Account if the balance in the Savings Account falls below a particular level. Kotak Mahindra Bank’s Kotak 811 Zero Balance Account can be opened in 5 minutes and comes in 4 variants. The interest rate that is offered by the bank is up to 4%. For 811 Edge accounts the average monthly balance that must be maintained is Rs. 811 is a zero balance bank savings account offered by Kotak Mahindra Bank.
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Virtual Debit Card
Kotak Mahindra Savings Account Interest Rate 2021
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.
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?
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 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.
Kotak Mahindra Savings Account Interest Rate Calculator
*Disclaimer
Money Market Rates
Scan and Pay through your Kotak Mobile Banking App at select in-store outlets.