Kotak811 Introduces Zero Balance Account to Open Online in 2023-24

livemint.com:

zero balance account opening online journey. If your time is precious, the ability to open an account in a matter of minutes is surely worth your while. What sets Kotak811 apart is the absolute freedom it grants.

Imagine having a bank that lets you bank as you like, without the burden of maintaining a minimum balance. But the benefits don't stop there. Beyond the convenience of not having to maintain any balance, the Kotak811 Zero Balance Account offers an ingenious feature known as ActivMoney*.

This innovative feature allows account holders to earn FD-like interest on their savings, without the restrictions of a traditional fixed deposit. As the account balance crosses a threshold, ActivMoney automatically sweeps out, and can earn up to 7%* interest per annum. This way, your savings grow better, and you enjoy the best of both worlds – flexibility and smart returns.

But Kotak811 brings more to the table. In a bid to further enhance personal banking, it offers a lifetime free credit card that seamlessly integrate with your zero balance account. The 811 Credit Card offers a gateway to brilliant rewards on every shopping venture.

Convert your rupees into redeemable reward points, and use them to book flights, purchase movie tickets, and more. Also, larger bills can be managed with ease through affordable EMIs. For those who frequently hit the road, the 1% surcharge waiver on fuel spent up to Rs.

3,500 per year further fuels the consumer experience. With upfront disclosed credit limits and no hidden costs, control remains firmly in your hands. The DreamDifferent Credit Card redefines credit limits by allowing up to 90% of your FD as credit.