Let’s Take a Sneak Peak at Kotak 811

With its big bang launch in March, 2017, it would not be wrong to say that Kotak 811 is surely a revolutionary step towards digital banking, ensuring an improved customer experience to one and all. The name of the plan is inspired by the demonetization move, which was announced by the Prime Minister on 8/11/2016, hence the plan is further propelling the idea of digitalization in the country. So, let’s just know what is so special about this plan? Why it is creating a buzz everywhere?

Well, it is a revolutionary digital move by Kotak Mahindra Bank, wherein the lender has designed a plan for its customers, giving them plenty of banking benefits. The entire process starts by enrolling into the plan by downloading the application through Google App Store or by giving a missed call on **811. Once the app has been installed, you need to submit your Aadhar Number along with PAN. After submitting few more required credentials, the entire process is complete and the plan is ready to use.

Salient Features of 811 Plan-

Enjoy 6% Interest Per Annum with Maintaining a Zero Balance

You can open your Kotak account with zero balance with no worry of maintaining the minimum balance. The customers on their savings account can earn an interest of 5%-6% per annum on maintaining the balance ranging between Rs.1 Lakh to above Rs.5 crore. Thus, there is no penalty for not maintaining the minimum balance plus customers can also get the interest benefit.

Scan & Pay

With this mobile app, the customers can easily pay for the grocery, tickets, shopping, movies and other requirements. And, the best part is that customers don’t even need to swipe their cards for the payment. The app allows you to simply scan and pay the bills at selected stores and outlets.

One App to Cover All Your Needs

This one-of-its kind app allows you to shop, book movie tickets, subscribe to magazines, etc. Yes, this app takes care all your needs and ensures that all your needs can easily be taken care. Right from shopping to dining, it gets you covered for all.

Access Debit  Card Virtually

Using plastic card is an old age phenomenon. Keeping this thing in mind, this kotak 811 app with the introduction of virtual debit card making things simpler and easier for you. So, in just a few taps, you can pay bills, shop or recharge your mobile online with this virtual card. Thus, all in all, it is more safe and convenient.

Moreover, the best thing about this plan is the fact that via using the same the customers can avail all the products and services just like any regular savings account offers. In fact, what’s more, appealing for the customers is the fact that they can not only use the plan for doing the transactions but it can also be used to avail other services such as loans and investment management. However, if experts are to be believed, with the introduction of this revolutionized plan, it would not be wrong to say that the payment banks are further enhanced.

Talking about the Kotak Mahindra Bank, the lender also has 19% stakes in the Airtel’s Payment Bank, hence ensures that things will be smooth for all the customers. With its plenty of features and benefits, this plan is surely different than that of the other payment banks. This is the reason that for Kotak 811 each and everyday the curiosity amongst people is rising. It is not only offering an enriching banking experience to all the customers but also making sure that all their needs can easily be covered by the same in just one go.

Besides this, the officials of this plan are also trying to utilize the maximum of the mobile broadband wave which has been set open for the customers since the launch of Reliance Jio 4G. By assimilating other apps such as Goibibo, PVR, Flipkart and many another merchants through its Bank, Shop and Pay feature, there is no denying the fact that this plan is expanding its horizons. Hence, by covering all the possible array of features and services, this Kotak 811 plan is here to stay, giving all the customers an unforgettable digital experience.