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Kotak Savings Account - Kotak Mahindra Bank

Kotak Mahindra Bank overview

Since its inception, Kotak Mahindra Bank has been dynamic in the sphere of banking in India and with the Kotak 811 App, it proves to be a force to be reckoned with!

Kotak 811 is a revolutionary app that is slowly transforming the way Indians bank one feature at a time! It embarks on a journey of an effortless, paperless and efficient way of transacting, debunking the pre-conceived notions of banking being tedious, cumbersome and complicated.

Kotak has always believed in understanding the needs of the customers and delivering pragmatic customized solutions (best suited to their problems) across all platforms. Which is why Kotak Bank offers its customers a wide variety of product offerings in savings account in addition to cash back and discount offers. Kotak saving account interest rate is 6% p.a.

These products are designed to suit the needs of different individuals. The special savings account programs are designed specifically for women, children, senior citizens, working professionals and for the entire family.

Features and Benefits

Featuring a wide range of seamless banking services, the Kotak Mahindra Bank is your go-to option in the current revolutionized era.

With a host of high-end features to its customers, Kotak Mahindra Bank is known for offering the ease of hassle-free Internet & mobile banking to the account-holders.

Highlight features of Kotak Saving Account are as follows:

  • Designed specifically towards keeping the diverse needs of the customers in mind, the highly-specialized savings account offered by the Kotak Mahindra Bank offers different products for different individuals.
  • Kotak saving account interest rate is 6% p.a.
  • The unique 811 savings account by Kotak allows achieving instant access to your account through the mobile app. It also offers the ease of opening the savings bank account quickly. There are various Kotak 811 offers that the customers can make the most of!
  • Kotak Mahindra Bank also offers a zero-balance savings account.
  • Other types of special savings account schemes offered by the Kotak Mahindra Bank include Kotak Silk Women’s Savings Account, My Family Savings Account, Kotak 811 Edge Savings Account, Kotak Junior Savings Account, and so much more.

How to open Kotak Mahindra Bank Savings account?

Applying for a Savings Account with any bank at onlineaccountopen.in involves three simple steps:

Step 1: Go on the Savings Account Tab and compare banks before you decide on one. You can also click on the “More Info” button to make an informed decision.

Step 2: Once you’ve chosen Kotak Mahindra Bank as the bank of your choosing then click on the “Apply Now” button.

Step 3: You then get directed to Kotak Mahindra Bank’s relevant page to take further steps towards opening a Kotak saving account page.

Types of savings accounts offered by Kotak Mahindra Bank

Kotak offers 15 kinds of savings account to suit individuals with different needs.

The various types of Kotak Saving Account are as follows:

  • Kotak 811 Digital Bank Account:

This zero balance savings account offers its customers with up to 6% p.a. on their savings account balance. Being a digital account, it lets you open a savings account instantly. Now get Kotak 811 account by downloading the Kotak mobile banking app Android / IOS or just click here and open account instantly.

  • Edge Savings Account

This is a saving account that offers up to 6% p.a. on your savings account balance and requires you to maintain an Average Monthly Balance (AMB) of Rs. 10,000/-

  • Kotak Junior Savings Account (For Kids)

This savings account offers up to 6% p.a. on Junior and Guardian’s Savings Account balance with a personalized Junior Debit Card for every Junior Savings Account. It also gives its young customers exclusive privileges and discounts across Kid’s brands.

  • Silk Women’s Savings Account

With the Silk Savings Account get cash back on Kotak Silk Debit Card Spends and 35% discount on Locker Rentals for the first year for every Silk Women’s savings account.

The customers can also opt for the waiver of Non-Maintenance Charge in their kid’s Junior Savings account through linked RD or SIP.

  • Pro Savings Account

This Kotak Saving Account offers up to 6% p.a. interest to its customers and requires them to maintain an Average Monthly Balance (AMB) of Rs. 20,000 /-

  • Classic Savings Account

This Kotak Savings Account offers up to 6% p.a. interest to its customers and requires them to maintain an Average Monthly Balance (AMB) of Rs. 10,000 /-

The customers also get a free Classic Debit Card with an enhanced daily purchase limit of Rs. 150000 and daily ATM cash withdrawal limit of Rs. 50,000 for every Classic Debit Card.

This account is available only in semi-urban and rural locations.

  • Sanman Savings Account

This Kotak Savings Account offers up to 6% p.a. interest to its customers and requires them to maintain an Average Quarterly Balance of Rs. 2,000/-

Kotak Bank also offers an enhanced daily purchase limit of Rs. 1,50,000 on Sanman Savings Account.

  • Ace Savings Account

This Kotak Saving Account offers up to 6% p.a. interest to its customers and requires them to maintain an Average Monthly Balance (AMB) of Rs. 50,000/-

The customer can also avail a discount of 25% on the issuance of “Best Compliments Card” (Gift Cards) on Ace Savings Account.

This product is designed to give you additional benefits without an extra premium.

  • My Family Savings Account

This Kotak Saving Account offers up to 6% p.a. interest to its customers and lets them convert balance above a certain amount into a Term Deposit using ActivMoney with My Family Savings Account.

  • Nova Savings Account

This Kotak Saving Account offers up to 6% p.a. interest to its customers and requires them to maintain an Average Monthly Balance (AMB) of Rs. 5,000/-

The customers have an ATM cash withdrawal limit of Rs. 50,000 and a daily purchase limit of Rs. 1,50,000 with their Classic Debit Card.

This account is available only in semi-urban and rural locations.

  • Platina Savings Account (Discontinued)

This Kotak Saving Account offers up to 6% p.a. interest to its customers and requires them to maintain an Average Monthly Balance (AMB) of Rs. 1,00,000/-

This bank provides with free Home Banking up to 10 calls per month on Platina Savings Account.

  • Jifi (Discontinued)

This is no minimum balance, non-interest bearing current account that gets converted into an Auto Term Deposit once the average balances cross Rs. 25,000/-

It also provides with the facility of Hashtag Banking.

  • Alpha- The Savings & Investment Programme

With the Alpha Account gets yearly Cashback of up to Rs. 4500/- based on your Debit Card spends and account variant. It provides you with a waiver on Investment Account Annual charges (as long as SIP is running)

  • Kotak 811 Edge Digital Bank Account

This Kotak Savings Account offers up to 6% p.a. interest to its customers and requires them to maintain an Average Monthly Balance (AMB) of Rs. 10,000/-

It also offers its customers with free online transfer services for ease in banking.

  • Grand- Savings Programme

This Kotak Saving Account offers up to 6% p.a. interest to its customers and cash back up to Rs. 4500/-

The best part about opening a savings account with Kotak Mahindra Bank is that they spoil their customers with great offers! From Amazon to Zomato, they have offers that are hard to pass on.

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Interest Rate
6%* p.a.
( 6.5% p.a. for Senior Citizens)(Open Kotak 811 and Book an FD to earn up to 7.00% interest)
Minimum Balance
0
Show Details
Features
  • You can now avail the benefits of the banking solutions with a single touch
  • Kotak 811 offers a virtual debit card (VDC) for the ease of online banking
  • Ideal for all your daily needs such as shopping, groceries, cab payments, and various others
  • Earn 7.00% interest on fixed deposits and Senior Citizens can earn upto 6.5% p.a. To know more click bit.ly/2KRtaSr
Interest Rate
6%
(Up to Rs. 1 Lakh)
Minimum Balance
Nil
Show Details
Features
  • Open an account only with the help of your Aadhar Card Can apply for this account at the micro ATM of IDFC Bank
  • Account offers Internet & mobile banking, free & unlimited ATM services, and various others.

Contact us: onlineacctopen@gmail.com