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Thinking About the Documents Needed for an Instant Bank Account?

Are you thinking of opening an instant bank account? Opening a bank account might appear an intimidating task. With any regular bank account opening, there is a series of tasks that you need to perform to open an account with any bank of your choice. With the latest advent of digitalization and the technology of the Internet, there have been several modifications with respect to the way different tasks are handled in almost every realm of life. Right from the shopping scenario to accessing various online services, far end fields like banking & others are also not untouched by this revolutionary technology.

Adopting the Internet technology, several banks are coming up with different ways of attracting the potential customers to increase the overall profits. As such, the concept of instant bank account opening is gaining a huge impetus in the recent times. With the help of instant bank account opening services, getting your bank account opened is just a matter of few simple steps done online. By sitting in the comfort of your home, you can open an instant bank account by following the series of a few simple steps and minimal documentation. If you are looking forward to opening an instant bank account with a leading bank in India, you can opt for the highly specialized “811” Savings bank account by Kotak Mahindra Bank. Read this article to know more!

What is the 811?

If you are tired of the long queues at the banks and the tedious process involved in opening a bank account, opt out of it by availing the instant bank account opening services from the Kotak Mahindra Bank. Kotak Mahindra Bank allows you to open an instant bank account and transfer instant money with much ease within minutes! The leading bank has recently launched its highly advanced instant bank account opening solution known as the “811”. With the use of the revolutionary 811 bank account facility by the Kotak Mahindra Bank, you are able to open an account instantly with no hassles of going to the particular bank branch.

The specialized 811 instant bank accounts in the Kotak Mahindra Bank can be opened by downloading the mobile banking app of the Kotak Mahindra Bank on your smartphone. Once you have downloaded the app, you can register your important information like the PAN card number, Aadhar card number, and other important details. This app allows you to set up a unique mobile banking PIN through the app to start using the same almost instantly. The bank claims that through this high-end bank account opening facility, you will be able to open a reliable bank account within minutes. If you are willing to open an instant bank account with the Kotak 811, here are some pointers for you to know:

Features of 811

The 811 by the Kotak Mahindra Bank offers an interest rate of 6 percent per annum with zero balance account requirement. Through the highly functional 811 bank account, you are able to transfer instant money through NEFT, IMPS, and RTGS with a single click. There is also the option of availing services from a virtual debit card towards making online payments with much ease. You can earn 6 percent rate of interest upon savings of more than 1 Lakh INR and up to 1 Crore INR; 5 percent interest rate per annum on savings of up to 1 Lakh INR, and 5.5 percent interest rate per annum on savings balance of above 1 crore INR.

Documents Required

For opening an instant bank account with the Kotak’s 811, there is the minimal requirement of documents and other aspects. Some of the documents required for opening Kotak 811 bank account with the Kotak Mahindra Bank from your home include:

  • Aadhar card number
  • PAN card number

With just these two important documents, you can open an instant bank savings account with much ease.

Eligibility Criteria

To be able to open an account with the Kotak’s 811, you must be of minimum 18 years of age with the Indian nationality. You must keep your Aadhar card number and PAN card number handy while opening the respective bank account.

There are several variants of the Kotak’s 811 account including the 811 Limited KYC, 811 Lite, 811 Full KYC Account, and the 811 Edge account. These 811 accounts by the Kotak Mahindra Bank are available in the form of the mobile app that can be downloaded and used with much ease with a few simple steps. With Kotak 811 bank account, you are also offered the ease of depositing and transferring money instantly from one account to the other.

Enjoy the benefits of instant bank accounts for your ease!


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