Is Kotak 811 Account Safe?

Is Kotak Mahindra Bank Safe?

“We assure you that the Kotak Mahindra Bank is a financially strong, well-capitalised bank with strong risk and corporate governance framework.

Your deposits with us are absolutely safe”..

What is the maximum limit of Kotak 811 account?

Account RestrictionsKotak 811 Limited KYCKotak 811 LiteTotal cumulative credits AllowedRs.2,00,000 in a yearRs.10,000 in a calendar month & Rs 1,00,000 in a financial yearMaximum Balance allowed at any given point of timeRs.1,00,000Rs.10,000 in a calendar monthTime limit to complete your Full KYC12 months12 months

Is PAN card mandatory for Kotak 811?

Joint accounts cannot be opened with Kotak 811. Kotak Mahindra Bank also offers other digital accounts such as 811 Lite Savings Account and 811 OTP Savings Account to cater to the varying needs of its customers. Those without a PAN or Aadhaar number can apply for Kotak 811 Edge account.

Does Kotak 811 provide Passbook?

Kotak 811 passbook apply online in 5 minutes. Kotak Bank provides various banking services in India. … Also, Kotak 811 online account holder doesn’t get a passbook facility. All such customers can apply for Kotak bank passbook request online sitting from your home.

Is it safe to open Kotak 811 account?

Kotak 811 Minimum Balance Requirement You can open a zero balance savings account with Kotak 811 Lite account, Kotak 811 Limited KYC and Kotak 811 Full KYC. The zero balance Kotak 811 accounts are better because there are no penalties and you can use your money to the fullest extent.

What is the difference between Kotak 811 and normal account?

Kotak 811 Edge is a savings account which brings you the best of Kotak 811 and our regular accounts. This account requires a minimum balance of Rs. 10,000. Kotak 811 Edge comes with a Platinum Chip Debit Card, high free transaction limits, free transactions on all Kotak ATMs and many more perks.