Kotak 811 Super Savings Account Benefits, Fees & Charges or More

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Kotak 811 Super Savings Account Benefits, Fees & Charges or More

Kotak811 is bringing a premium digital banking experience to every Indian with its new Kotak811 Super Savings Account. With ₹6,000 cashback every year, a Platinum Debit Card, Dedicated Customer Care support and many more offerings, Kotak811 is set to redefine the savings account experience with its new 811 Super Savings Account.

Kotak 811 Super Savings Account
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NOTE: Enjoy FLAT 5% cashback up to Rs.6,000* per year (Rs.500 every month) on your Debit Card spends.

Kotak 811 Super Fees and Charges

Particulars 811 Super
Super Enrollment Fees ₹300/yr
Average Monthly Balance (AMB) 0
Replacement of Lost Debit Card ₹299 (Inclusive of all taxes)
Cheque Book 25 Cheque leaves free/Yr.
Thereafter ₹3/cheque leaf (Min 25 leaves in one chequebook)
Branch Transactions 4 FREE (Up to ₹2 lakhs monthly)
Home Banking Available @ ₹150/visit
ATM Withdrawals 10 FREE Transactions (Kotak Bank ATM)
5 FREE monthly (Other Domestic ATMs*)

Kotak 811 Super Savings
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How to apply for Kotak811 Super Savings Account?

Step 1: Fill in your details in the above form and complete the OTP authentication
Step 2: Make a deposit of ₹5,000 in your account. You can use this amount and enjoy 5% cashback*. An annual fee of ₹300 will be applicable.
Step 3: Once the deposit is successful, your 811 Super Account will be activated.

Steps To Convert 811 Savings Account to 811 Super Savings Account**

  1. Check Account Type: Ensure you have an 811 Full KYC account.

  2. Call Customer Service: Dial 1860 266 2666.

  3. Speak to an Agent: After connecting, say, “I want to convert my account to an 811 Super Savings Account.”

  4. Agent’s Explanation: The agent will provide details about the benefits of the Super Savings Account.

  5. Account Balance Check:

    • If you have 5,000 in your account, proceed.
    • If not, the agent will instruct you to transfer 5,000 to your Kotak account.

  6. Receive SMS: You will get a text message containing a specific and unique URL.

  7. Click the URL: Open the URL from the SMS.

  8. Accept Terms: Read and accept the terms and conditions.

  9. Enter OTP: Input the OTP you receive.

  10. Account Conversion: After entering the OTP, 300 rupees will be deducted, and your account will be successfully converted to an 811 Super Savings Account.

Why Choose Kotak 811 Super Saving Account?

Kotak 811 Super Saving Account
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  • Higher withdrawal and spending limits

The 811 Super account comes with a platinum debit card that has a daily withdrawal limit of ₹1 lakh and a spending limit of ₹3 lakhs.

  • Insurance coverage

The 811 Super account offers purchase protection of up to ₹1 lakh, air accident insurance of up to ₹50 lakhs, lost baggage insurance of up to ₹1 lakh, personal accidental death cover of up to ₹25 lakhs, and lost card liability of up to ₹3.5 lakhs.

811 Super - Terms & Conditions

811 Super eligibility:

  1. A minimum account balance of ₹5,000 is required to complete the FKYC/onboarding for the 811 Super program.
    1. On a monthly basis, the customer needs to do at least one customer-initiated credit transaction of a minimum ₹5,000 to get eligible for 811 Super cashback.
  3. The 811 Super program is available for one year from the date of subscription. After one year customer’s consent will be requested for program continuation.
  4. If the customer does not agree, the program will be discontinued, and the customer will be downgraded to a regular 811 zero-balance digital savings account.
  5. GSFC benefits of 811 Edge, as well as the promo code and classification code, will be revoked in case of discontinuation.

811 Super cashback:

  1. Eligible customers - Cashback to 811 super-eligible customers on Debit Card spends.
  2. Cashback construct - Flat 5% cashback to all 811 Super eligible customers on Debit Card spends through Kotak Debit card (E-com/ POS (Point of Sales) transactions) up to ₹500/month.

Rules:

  1. 811 Super-eligible customers should spend via Kotak Debit Card.
  2. To calculate the spend value only the following types of transactions are eligible:
  • Virtual Debit Card
  • Physical Debit Card transactions (E-com/POS)

Important Note:

  • Inter or intra-bank funds will not be considered.
  • ATM cash withdrawals will not be considered.
  • Wallet-top-ups transfers from 811 Savings Account to any type of wallet) will not be considered.
  • Any other type of transaction not mentioned above will not be included.
  • Any type of UPI transactions will not be counted as spending.

Terms & Conditions for Cashback:

  • Kotak Mahindra Bank has extended a cashback offer to 811 Super customers who meets the eligibility criterion to ₹5,000 in monthly credit.
  • Customers will receive a flat 5% cashback on Debit Card spending.
  • The maximum cashback a customer can earn is ₹500 per month.
  • To qualify for the monthly cashback, eligible 811 Super customers must spend using their 811 Debit Cards.
  • Fund transfers, ATM withdrawals, and wallet top-ups are not considered eligible spending.
  • Cashback will be rounded down to the nearest whole number.
  • A minimum spend of ₹20 is required to qualify for the cashback.
  • Cashback will be credited within 30 days after the relevant month ends.
  • The cashback is non-transferable.
  • Participation in the cashback offer is voluntary.
  • By participating, customers acknowledge that they have read, understood, and accepted these terms and conditions, along with the Bank’s general terms.
  • Kotak Mahindra Bank reserves the right to modify, change or withdraw the cashback offer at any time without prior notice.
  • The Bank may disqualify customers from the offer if fraudulent activities are detected.
  • The ban’s decision regarding all matters related to the offer is final and binding.
  • Any disputes related to this cashback offer will be subject to the exclusive jurisdiction of Mumbai courts.