What is Kotak 811 saving account?
Kotak Mahindra Group stands at the second position of market capitalization and provides one place to get all the banking needs from different types of accounts, mutual funds, insurance and much more. Kotak 811 Saving Account gives you the pleasure of 6% interest rate and no limitation on maintaining the minimum balance.
How to get a 6% interest rate?
To get 5% interest rate with Kotak 811 Savings account, the balance required up to 1 Lakh while to enjoy 6% interest rate, balance between 1 lakh to 1 crore is mandatory and above 1 crore, 5.5% interest rate is applicable.
Maximum amount for Kotak 811 saving Account?
Without KYC done, you can keep Rs 1 lakh in your savings account while Maximum Rs 2 lakh can be credited.
However, after the KYC is done, more than Rs 2 lakh balance can be maintained anytime.