One of the most common digital accounts to open online is Kotak 811.

You can escape the hassle of visiting a bank branch and save time spent on the conventional savings account application process. It took me less than 20 minutes to open an online Kotak 811 account. The procedure was easy, and you only needed your PAN and Aadhaar card to open the savings account. When you open an 811 account, you get immediate access to a virtual debit card. You can make a deposit online and use the card right away. The USP of a Kotak 811 account is the ability to open an account quickly online, have a zero balance account, and use a virtual debit card.

Previously, Kotak Bank offered 6% interest on all savings bank accounts; however, the Kotak savings account now offers 4% interest. SBI, HDFC, ICICI, and Axis Bank all have higher rates.


The Kotak 811 digital saving account comes in 4 variants:

  • Kotak 811 Lite Account Review

Kotak 811 Lite is a simple digital savings account that needs only a PAN card to open and only requires a minimal KYC.

You will hold a maximum balance of Rs. 10,000 per month and Rs. 1 lakh per year in your Kotak 811 Lite account. The Kotak lite savings account does not pay any interest. There is also no provision for a physical debit card or a cheque book. For a year, you can use the Lite account. After that, you must complete KYC in order to continue using your account.

Ideal for: If you don’t have access to an Aadhaar-linked smartphone, the Kotak Lite 811 account is the best choice. Otherwise, the Kotak 811 Limited KYC account, which pays 4% interest, is a good option.

  • Kotak 811 Limited KYC Account Review

With a PAN card and an Aadhaar card, you can open an 811 limited account. The Kotak 811 Limited KYC account pays 4% interest, which is not available in the Lite account. A maximum of Rs. 1 lakh can be held in the account at any time, with a maximum of Rs. 2 lakh in deposits per year. Kotak Bank gives you a year to complete your full KYC so that you can use your account as a full savings account. Kotak Bank will close your account if you do not comply.

Ideal for: If you have a PAN and an Aadhaar card and your transactions are limited to Rs. 1 lakh, you can open a Limited KYC account.

  • Kotak 811 Full KYC Account Review

At the time of account opening, you must complete a comprehensive KYC disclosure, including a FATCA declaration and document submission. Except for maintaining a minimum monthly balance, the Kotak 811 Full KYC account offers all of the advantages of a daily savings account. If you’re searching for a long-term savings account, the Kotak 811 full KYC account is the way to go.

Ideal for: If you want a daily savings account with unlimited withdrawals and no minimum balance requirements, this is the account for you.

  • Kotak 811 Edge Account Review

The Kotak 811 Edge is a daily savings account with a monthly minimum balance requirement of Rs. 10,000.

For 811 Edge accounts, Kotak Bank charges a penalty if the minimum monthly average balance is not maintained.

If you choose to use all of the features, such as chequebooks, RTGS, and ATMs, you can open a daily Kotak 811 Edge savings account.


With Kotak 811 Lite, Kotak 811 Limited KYC, and Kotak 811 Full KYC, you can open a zero balance savings account. The zero balance Kotak 811 accounts are preferable because they have no penalties and allow you to use your money to its full potential.

However, Kotak 811 Edge is a daily savings account that needs an average monthly balance of Rs. 10,000. (AMB). A penalty of 5% of the shortfall in required AMB will be imposed if the average monthly balance is not maintained. The disadvantage is that you must keep track of your AMB on a daily basis.


On all Kotak Mahindra Bank savings accounts, except the Kotak 811 Lite account, you can earn up to 4% interest. Daily balances of more than Rs. 1 lakh earn 4% interest, while daily balances of less than Rs. 1 lakh earn 3.50 percent interest.


Here are some of the advantages and disadvantages about the Kotak 811 Bank account:


  1. The feasibility of opening an account online.
  2. A plethora of discounts and offers on other websites and Kaymall.
  3. An interest rate of 4% based on your balance.
  4. The flexibility of opening a zero balance savings account. 
  5. Four different savings account to choose which provide varied offers and features. 


  1. There is no joint account operation or holding through Kotak 811 account.


If you want the simplicity of a zero balance account with four different forms to choose from, Kotak 811 is the bank for you. You can miss the section where you have to go to the bank for some reason other than depositing money with the hassle-free account opening processes that take just a few minutes to open.

However, when it comes to selecting an account, go for the Kotak 811 Limited KYC account, which offers users 4% interest, zero balance, and a virtual debit card.