The Kotak811 Classic Savings Account is Kotak Mahindra Bank’s low-entry digital account. You can open it from your phone in a single session with just your PAN and Aadhaar, fund it with ₹2,000, and start using UPI, transfers, bill payments and deposits right away. Your balance earns 2.5% a year*.
Features at a glance
| Interest rate | 2.5% a year* on your balance |
|---|---|
| Account opening | 100% online, completely digital |
| Initial funding | ₹2,000 or more |
| Payments | UPI, fund transfers, bill payments |
| Deposits | Open FDs and RDs from the app |
*Interest rates are set by Kotak Mahindra Bank and may change. Check the current rate on the bank’s site before opening.
Kotak811 Classic vs Super Savings
Kotak offers two digital 811 accounts. The main differences are the funding needed and the interest rate:
| 811 Classic | 811 Super Savings | |
|---|---|---|
| Initial funding | ₹2,000 | ₹10,000 |
| Interest rate | 2.5%* | 3.25%* |
| Account opening | 100% online | 100% online |
| UPI and transfers | Yes | Yes |
| FD/RD from the app | Yes | Yes |
| Age | 18–60 | 18–60 |
Choose Classic if you want to start small or just need an everyday account for UPI and bills. Choose Super Savings if you plan to keep ₹10,000 or more in the account and want a better rate on it.
What you can do with the account
- UPI: register for UPI and make payments straight from your Kotak account.
- Transfers: send money to any bank account through the app.
- Bill payments: pay utility, mobile and other bills from one place.
- Deposits: open fixed and recurring deposits in a few taps, so idle money can earn more.
- Digital onboarding: no paperwork or branch visit, from application to first transaction.
Eligibility
| Age | 18 to 60 years |
|---|---|
| Initial funding | ₹2,000 or more |
| Residency | Indian resident with valid PAN and Aadhaar |
Documents you will need
- PAN card
- Aadhaar card, with a mobile number linked for OTP verification
How to open the account
- Tap Apply on Kotak Mahindra Bank site on this page to open the official application.
- Enter your mobile number, PAN and Aadhaar details and verify with OTP.
- Complete video KYC from your current address in the same session.
- Add ₹2,000 or more to activate your account and start banking.
Getting the most from it
- Register for UPI straight away so you can pay any merchant or contact from your Kotak account.
- Set up bill payments for electricity, mobile and broadband to keep everything in one place.
- Move money you won’t need for a few months into an FD or RD from the app, where it can earn more than 2.5%.
- Keep your app and Aadhaar-linked mobile number up to date for smooth OTP verification.
Things to keep in mind
The account is opened through video KYC, so do it from your current address with your original PAN and Aadhaar at hand, and use the mobile number linked to your Aadhaar. Rates, charges and account features are set by Kotak Mahindra Bank and can change, so read the current terms on the application page before you fund the account.
Is it right for you?
Choose Kotak811 Classic if you want a full-featured savings account from a big private bank, opened in minutes, without committing a large first deposit. It suits students, first-time earners and anyone who wants a second account for UPI. Keep in mind that 2.5% is a modest rate, so park long-term savings in a fixed deposit instead.
