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First of all, you have to visit your nearest Kotak bank branch along with KYC document photocopies as well as the original. Ask bank staff that you want to close your 811 Kotak account. They will provide a blank account closure form. Fill it with your basic detail and submit it with your KYC document copies.
How can I close my Kotak 811 Edge account online?
Unfortunately, you can’t close Kotak account online, you have to visit the nearby branch to complete the process.
How can I close my Kotak bank account online?
It is good to say at the beginning that there is no such process where you can close your Kotak Mahindra Bank account online. You should always visit your home bank branch to close your account physically. Alternatively, you can take the online help to download the forms required for closing your account.
What is difference between Kotak 811 and Kotak edge?
Kotak 811 Edge is a savings account which brings you the best of Kotak 811 and our regular accounts. This account requires a minimum balance of Rs. 10,000. Kotak 811 Edge comes with a Platinum Chip Debit Card, high free transaction limits, free transactions on all Kotak ATMs and many more perks.
Can I change my Kotak Edge account to zero balance account?
Infact any type of kotak account can’t be converted to Kotak 811. Rather you can apply for New Kotak 811 account through Kotak mobile banking app. I will suggest you better to convert Edge saving Account to Solo Saving Account. If you are unable to maintain AMB (Average monthly Balance) .
How do I delete my 811 account?
How to Close Kotak 811 Account Online ? Withdraw the remaining balance from your Kotak 811 account. Download the Kotak 811 Account Closer Form. Fill out the Kotak 811 Account Closer Form. Please attach your KYC documents. Submit balance checks, debit cards, and passbooks.
What is the minimum balance in Kotak Bank?
Maintain a minimum account balance of Rs. 10,000 per month and leverage facilities like free online funds transfer via IMPS, NEFT and RTGS. Elevate online shopping experience with Platinum Debit Card. Choose Kotak 811 to open an online savings account.
What is the Kotak 811 account?
Kotak 811 is a zero balance digital account which offers interest rate of up to 3.5%* p.a.. Download the Kotak Mobile Banking App or visit Kotak Website to open your Kotak 811 account. Register using your Aadhaar number*, PAN and other basic details. It will only take a few minutes!.
What is Kotak Edge account?
Designed to suit the requirements of the new-age professional, Kotak Edge Savings Account gives you a little bit extra than a regular savings account. So, enjoy free access to all domestic Visa ATMs or carry-out NEFT transactions from your phone, all with one savings account.
What is Edge savings account?
With the Edge Savings Account, you can enjoy the best of regular, as well as privileged services, to give you a truly memorable banking experience. So enjoy free access to all domestic VISA ATMs, or carry out NEFT transaction from your phone, all with one savings account.
Is Kotak 811 a zero balance account?
Kotak 811 is a zero balance saving account. This means that you don’t have to pay any penalties for not maintaining a minimum balance.
What is Kotak edge salary account?
The Edge Salary Account is a zero-balance account and does not require the account holder to maintain a specific amount in their account each month. However, the benefit of maintaining a zero-balance account is entirely dependent on the salary credits made to the account.
What is the limit of Kotak 811 account?
Account Restrictions Kotak 811 Limited KYC Kotak 811 Lite Total cumulative credits Allowed Rs.2,00,000 in a year Rs.10,000 in a calendar month & Rs 1,00,000 in a financial year Maximum Balance allowed at any given point of time Rs.1,00,000 Rs.10,000 in a calendar month Time limit to complete your Full KYC 12 months 12 months.
Can I close my Kotak bank account in any branch?
If you still wish to close your Savings Account, kindly visit your nearest branch. *Interest on Savings Account balance: *W.e.f. Sep 20, 2021, daily balances in Savings Account up to Rs.
Is Kotak 811 good?
The zero balance Kotak 811 accounts are better because there are no penalties and you can use your money to the fullest extent. But, Kotak 811 Edge is a regular savings account where you need to keep Rs. 10,000 as an average monthly balance (AMB).
What will happen if I don’t maintain minimum balance in my Kotak account?
If a customer fails to maintain this amount in an account, the bank will now charge a penalty of up to Rs 75 per month.
What is difference between Kotak 811 and Kotak 811 Lite?
811 physical debit card is not given to 811 Lite customers. 811 Lite customers are issued a virtual debit card once the full KYC for the account is completed. After the virtual debit card is issued, customers can follow the process mentioned above to get the physical card.
Can I use Kotak 811 without KYC?
Before you complete the full KYC of your account, the validity of the account is 12 months. This means that if you don’t complete the full KYC process, your account will be closed within 12 months. After the account is closed, you won’t be able to open a new Kotak 811 Account.
How can I upgrade my Kotak 811 to 811 edge?
1. Login to Mobile Banking. 2. Go to Service Requests.2. On Net Banking: Login to Net Banking. Select Service Requests under Services. Select Account Service Requests -> Upgrade Account Variant.
What is closing balance in Kotak?
What is closing balance in banking? In banking, the closing balance simply refers to the bank balance at the end of a day, month, or year. This includes both credit and debit amounts.