Whoever said wishes don’t come true hasn’t explored our offers!

Kotak Mahindra Bank 811 Edge Savings Account

The 811 Edge savings account offered by Kotak Mahindra Bank is a complete digital banking ecosystem that can be operated from your mobile phone. The account was designed to enable customers to perform transactions in an easy and simple manner. Customers can get interest up to 6% per annum on the balance maintained in the 811 Edge Savings Account. The experience of opening the account is completely paperless and digital. The average monthly balance that is required to be maintained in the account is Rs.10,000.

Features and Benefits of 811 Edge Savings Account

The key features and benefits of the 811 Edge Savings Account offered by Kotak Mahindra Bank are as follows:

  • Instant opening of savings account with Aadhaar details.
  • The Average Monthly Balance (AMB) of the account is Rs.10,000.
  • The customer can earn 6% interest per annum if the savings account balance is between Rs.1 lakh and Rs.5 crores. 5% interest is earned per annum for a savings account balance up to Rs.1 lakh. The interest rate is 5.5% per annum if the account balance is more than Rs.5 crores. These rates are applicable only for resident accounts. It should be noted that interest rates on savings account are subject to change from time to time. So, it is advisable to check the latest rates on the insurer’s website.
  • The account enables you to make free online transfers using NEFT, IMPS, and RTGS.
  • The bank offers a Platinum Chip Debit Card at Rs.150 per annum to account holders.
  • The customer can pay for all in-store purchases using Scan and Pay.
  • Transfers through IMPS and NEFT are also free using the mobile app.
  • Customers can book movie tickets, shop, and purchase flight tickets using a single app. This implies that you can do online shopping on Flipkart, book travel tickets through Goibibo, and book movie tickets with PVR.

Fees and Charges

The fees and charges applicable to Kotak Mahindra Bank 811 Edge Savings Account are as detailed below:

Non-maintenance charges
  • If AMB < = (50% of the required AMB) : Rs.450
  • If AMB > (50% of the required AMB) : Rs.350
Fund transfers
  • NEFT/IMPS/RTGS through mobile banking or net banking : Free
  • NEFT/RTGS done at bank branch :
    • For NEFT, upto Rs.10,000 : Rs.2.50
    • For NEFT, between Rs.10,001 and Rs.1 lakh : Rs.5
    • For NEFT, between Rs.1,00,001 and Rs.2 lakh : Rs.15
    • For NEFT, greater than Rs.2 lakh : Rs.25
    • For RTGS, between Rs.2,00,001 and Rs.5 lakh : Rs.25
    • For RTGS, above Rs.5 lakh : Rs.50
Cash transaction fees 4 free cash transactions per month or upto Rs.2 lakh, whichever occurs first. Thereafter, a charge of Rs.3.50 per Rs.1,000 cash transaction, subject to a minimum of Rs.150.
ATM / debit card charges
  • For Platinum debit card : Rs.150 per annum.
  • For Kotak Bank’s ATM financial or non-financial transaction : Unlimited free.
  • For other domestic ATMs financial or non-financial transaction : Maximum of 5 free transactions per month. Following this, financial transactions are charged at Rs.20 per transaction and non-financial transactions are charged at Rs.8.50 per transaction.
  • For transactions declined due to insufficient balance : Rs.25 per instance.
  • For all transactions at International ATMs : Rs.150 per transaction.
Pay Order/DD/Cheque Book charges
  • For DD/Pay Order : Rs. 2.5 per Rs.1,000, with minimum amount limit of Rs.50 and maximum amount limit of Rs.10,000.
  • For FCY - DD/TT/revalidation/cheque collection/cancellation/FCY cheque deposited and return : Rs.500.
  • Cheque book charges : 25 cheque leaves are offered free of cost. Subsequently, Rs.3 is charged per cheque leaf with a minimum of 25 cheque leaves in a cheque book.
  • ECS / cheque issued and returned for lack of funds : Rs.500 per instance.
  • ECS mandate verification : Rs.50 per instance.
  • SI Failure : Rs.100.
  • Cheque deposited and returned : Rs.100.
Requests, such as balance and interest statement, duplicate passbook, stop payment through branch, etc. Rs.100 per request.
Home Banking Service, such as cash pickup or delivery Rs.150 per visit.
Statements and alerts
  • For statements : Free email statements and free quarterly physical statements.
  • For balances and value-added alerts on a daily or weekly basis : Daily SMS - Rs.30 per quarter, Weekly SMS - Rs.15 per quarter.
Other charges
  • For TOD : Rs.500
  • For cheque purchase : Rs.0.5 per Rs.1000, with minimum amount limit of Rs.50 and maximum amount limit of Rs.10,000.


In order to apply for the Kotak Mahindra 811 Edge account, a customer needs to fulfill the following criteria:

  • He/she should have completed 18 years of age.
  • He/she should be a resident Indian.


An individual has to submit the following documents to apply for the Kotak Mahindra 811 Edge account:

  • Aadhaar Card
  • PAN Card

How to open a Kotak Mahindra 811 Edge Savings Account?

  • A customer has to visit the Android Play Store on his/her mobile phone.
  • He/she will have to download and complete the installation of the Kotak Mobile Banking app.
  • Registration process will require the customer’s Aadhaar number, PAN, and some personal information.
  • A mobile banking PIN can also be set up through the app.
  • Following this, the customer can start using the account.

811 Edge Savings Account FAQs

  1. How can I deposit money into my Kotak 811 Edge account?

    Money can be deposited into the Kotak 811 Edge account through a payment gateway using your debit card or net banking. Alternatively, you can do funds transfer from another account through IMPS or NEFT. You can also visit your nearest bank branch and deposit money into this account.

  2. What is the maximum amount of money that can be deposited into my Kotak 811 Edge account?

    The maximum amount of money that can be kept in the Kotak 811 Edge account is Rs.1 lakh. A maximum of Rs.2 lakhs can be deposited into this account, following which this will be converted into a full KYC account. This is an easy and quick process that will also remove the transaction limits associated with the account.

  3. What is the process for converting my Kotak 811 Edge account into a full KYC account?

    You can contact a bank representative and convert your Kotak 811 Edge account into a full KYC account. This process needs in-person verification. An appointment can be booked with the bank official through the mobile banking app or by calling up the customer service number, 1860 266 2666. Alternatively, you can visit the nearest bank branch to convert the account. Your Aadhaar details will be authenticated using a biometric device, and in minutes, your account will be converted.

  4. Can I open an account jointly with a relative?

    No, the Kotak 811 Edge account can only be held by a single user.

  5. Can I open a Kotak 811 Edge account without a PAN Card?

    PAN Card is necessary to open a Kotak 811 Edge account. If you do not have one, you will need to submit Form 60 along with the application form. A customer service representative will contact you to guide you through the process.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

This Page is BLOCKED as it is using Iframes.