Kotak Mahindra Savings Account Interest Rate

admin 4/11/2022 11/04/22

From May 25, Kotak Mahindra Bank ’s interest rates on savings accounts are slashed to 3.50 percent per annum on balance up to Rs. On balance above Rs. 1 lakh, the same is 4 percent. Earn up to 4%. interest on your savings account balance Free cash withdrawals from any Kotak Bank branch and other domestic ATMs across India Average monthly balance requirement of Rs.10,000 Silk Women’s Savings Account.

Kotak 811 is a digital zero balance savings account that you can open online. The online savings account opening process is seamless, zero-contact and barely takes a few minutes. Just keep your PAN card & Aadhaar number handy and complete a few steps to open the instant savings account from the comfort of your home or office.

Reported Standalone quarterly numbers for Kotak Mahindra Bank are: Net Interest Income (NII) at Rs 4,006.82 crore in December 2020 up 16.83% from Rs. 3429.53 crore in December 2019. 811 Savings Account for Everyone. Kotak 811 is a zero balance digital bank account available to everyone (Resident Indian individuals only). Kotak 811 lets you choose between a zero balance account or an 811 Edge savings account based on your needs, which acts as a one stop solution for all your financial needs and day to-day transactions.

Kotak 811 is a zero balance saving account. This means that you don’t have to pay any penalties for not maintaining a minimum balance. In fact, you don’t have to maintain an average balance. However, if you do maintain a balance, you can earn higher than average interest on your savings and explore Fixed Deposits and other investment offers with us.

Kotak 811 is one of the best online savings bank account in India. Your 811 savings bank account is protected by the latest technology and you can open a savings account without any worry.

So, what are you waiting for? Open an online savings account with Kotak 811 and start banking with the best bank for savings account in India.

*Disclaimer

Scan and Pay through your Kotak Mobile Banking App at select in-store outlets.