Zero Balance Account (Kotak 811) Last Date, Fees, and Important Details

Key Details

Last DateNo deadline — open anytime, it's always available
Account Opening FeeFree (initial deposit of Rs. 2,500 for Zero Balance plan)
Annual MaintenanceFree — no yearly charges
Minimum BalanceZero — no minimum balance required
Virtual Debit CardFree — issued instantly on the app
Physical Debit CardRs. 399/year (Classic) / Free with 811 Super
Interest Rate2.50% p.a. on savings balance
UPI LimitRs. 1 lakh/day, max 10 transactions/day
ATM Withdrawal LimitRs. 25,000/day (Zero Balance) / Rs. 1 lakh/day (Super)
NEFT / RTGS / IMPSFree via net banking and mobile app
Video KYC Hours8 AM to 11 PM, all 7 days including holidays

Who Can Apply

  • Indian resident, 18 years or older
  • Must have Aadhaar card linked to active mobile number
  • Must have PAN card
  • Must NOT be an existing Kotak Mahindra Bank customer (savings, current, or loan)
  • NRIs and foreign citizens are not eligible
  • Joint accounts are not available — single holder only

Important Highlights

  • Entire process is online — no branch visit needed if you do Video KYC
  • Account opens in 10-15 minutes with Aadhaar OTP verification
  • Video KYC gives full KYC status — no transaction limits, lifetime validity
  • Without full KYC: max Rs. 1 lakh balance, Rs. 2 lakh annual credits, account valid for 12 months only
  • ActivMoney feature auto-sweeps surplus balance into FD for up to 5.50% returns
  • Free UPI, NEFT, RTGS, and IMPS transactions via app
  • 811 Super variant available: Rs. 10,000 initial deposit, free Platinum debit card, 5% cashback (up to Rs. 500/month)
  • Debit card and passbook delivered to your address within 1 month after full KYC
Follow the Step-by-Step Guide