BankBazaar
Credit Cards
Home Loans
Personal Loans
Other Loans
Calculators
Investments

Credit Score

FREE
Govt. Utility Documents
Download App

Download Mobile App

Badge
Insurance
Resources
BankBazaar

Kotak Mahindra Bank 811 Edge Savings Account

The 811 Edge savings account offered by Kotak Mahindra Bank is a complete digital banking solution with up to 6% interest p.a. and a ₹10,000 average monthly balance requirement.

Updated On - 18 Sep 2025
Animated CTA

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:

  1. Instant opening of savings account with Aadhaar details.
  2. The Average Monthly Balance (AMB) of the account is Rs.10,000.
  3. 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 of 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.
  4. The account enables you to make free online transfers using NEFT, IMPS, and RTGS.
  5. The bank offers a Platinum Chip Debit Card at Rs.150 per annum to account holders.
  6. The customer can pay for all in-store purchases using Scan and Pay.
  7. Transfers through IMPS and NEFT are also free using the mobile app.
  8. 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.
Check your Credit Score for Free

Fees and Charges

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

Non-maintenance charges

  1. If AMB < = (50% of the required AMB) : Rs.450
  2. If AMB > (50% of the required AMB) : Rs.350

Fund transfers

  1. NEFT/IMPS/RTGS through mobile banking or net banking : Free
  2. NEFT/RTGS done at bank branch :
    1. For NEFT, upto Rs.10,000 : Rs.2.50
    2. For NEFT, between Rs.10,001 and Rs.1 lakh : Rs.5
    3. For NEFT, between Rs.1,00,001 and Rs.2 lakh : Rs.15
    4. For NEFT, greater than Rs.2 lakh : Rs.25
    5. For RTGS, between Rs.2,00,001 and Rs.5 lakh : Rs.25
    6. 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

  1. For Platinum debit card : Rs.150 per annum.
  2. For Kotak Bank's ATM financial or non-financial transaction : Unlimited free.
  3. 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.
  4. For transactions declined due to insufficient balance : Rs.25 per instance.
  5. For all transactions at International ATMs : Rs.150 per transaction.

Pay Order/DD/Cheque Book charges

  1. 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.
  2. For FCY - DD/TT/revalidation/cheque collection/cancellation/FCY cheque deposited and return : Rs.500.
  3. 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.
  4. ECS / cheque issued and returned for lack of funds : Rs.500 per instance.
  5. ECS mandate verification : Rs.50 per instance.
  6. SI Failure : Rs.100.
  7. 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

  1. For statements : Free email statements and free quarterly physical statements.
  2. 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

  1. For TOD : Rs.500
  2. For cheque purchase : Rs.0.5 per Rs.1000, with minimum amount limit of Rs.50 and maximum amount limit of Rs.10,000.
Check your Credit Score for Free

Eligibility

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

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

Documentation Required to Open 811 Edge Savings Account

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

  1. Aadhaar Card
  2. PAN Card

How to open a Kotak Mahindra 811 Edge Savings Account?

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

FAQs on Kotak Mahindra Bank 811 Edge Savings Account

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

    You can deposit via debit card or net banking through a payment gateway, transfer through IMPS/NEFT, or visit a branch.

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

    You can keep up to ₹1 lakh; deposits up to ₹2 lakh are allowed before converting to a full KYC account, which removes transaction limits.

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

    Book an appointment via the app, call 1860 266 2666, or visit a branch for in-person Aadhaar biometric verification.

  • Can I open an account jointly with a relative?

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

  • 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.

Disclaimer
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.

Explore More:

Credit Card:

Credit Score:

Personal Loan:

Home Loan:

Fixed Deposit:

Calculator:

Learn More:

Others:

Mobile Apps:

  • Google play
  • Apple Store

Contact Us:

Follow Us:

Copyright © 2025 BankBazaar.com.