Get ready to enjoy a revolutionary banking experience with none other than Kotak 811. Yes, a full-service digital banking ecosystem that can give a world of privileges on your mobile. Now you must be wondering what is so special about it? Well, it is one-of-its- kind zero balance savings account that allows you to enjoy seamless shopping, travelling and entertainment under one umbrella.
However, in order to enjoy the services under this app, there are certain Kotak 811 charges that you need to bear. That’s Right! With this one app on your mobile, it's time to say hello to infinite possibilities, which is brought to you by Kotak Mahindra Bank.
Moreover, one thing that needs to be mentioned here is the fact that in our earlier edition of articles, we have talked about the impeccable features and benefits offered by this unique digital bank account. But today, we are going to disclose or you can say highlight one such critical feature on which many people don’t pay much attention.
Well, it’s none other than the charges! But before we talk about the fee structure, there are different variants of this digital bank account and so the fee structure varies accordingly. However, just to give you a sneak peak, today, in this article, we are going to talk about Kotak 811 Limited KYC. So, without wasting any time further, let’s get started…
Kotak 811 Limited KYC
Average Monthly Balance: ZERO, Funds Transfer:NEFT / IMPS: Nil Charges; (RTGS: Not available), Cash Transactions:Nil charges for 1 Deposit / month upto ₹10,000. Thereafter, charged at ₹3.5 / 1000 with minimum ₹50(Cash Withdrawal: Not available),
Debit Card/ATM Charges (Virtual Card): NIL Charges (Issuance / Annual Fee / Replacement)
Debit Card/ATM Charges (Physical Card): ₹299 per annum
5 Transaction / month @ nil charges, thereafter Financial Txn. ₹20.00 / Txn, Non-Financial Txn. ₹8.50 / Txn, Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of Maximum 3 transactions @ nil charges in Top 6#+ Cities, thereafter Financial Transaction ₹20.00 / Txn, Non-Financial Transaction ₹8.50 / Txn. Txn. declined charges ₹25 / instance
DD/Pay Order/Cheque Book: Not Available
At-par Cheque Book Charges: Not Available, ECS / Cheque Issued & Returned (due to non-availability of funds): Not Available, ECS Mandate Verification: NA, SI Failure: Not Available, Cheque deposited and returned (INR): NA, Branch Requests: NA, Statements & Alerts: NIL Email Statement Charges,Balances and Transaction & Value added alerts (Daily / Weekly): Daily SMS ₹30/Qtr, Weekly SMS ₹15 / Qtr,Other Charges: NA,Cheque Purchase: NA,Request for PIN generation/re-generation (sent through courier): ₹100/request
Furthermore, now that you know the basic fee structure, it’s time for you to know the Kotak 811 charges for Foreign Currency. So, let’s just take a look below to know more about the same.
Value of Purchase or Sale of Foreign Currency
Up to ₹1 Lakh: 1% of the gross amount of currency exchanges or minimum of ₹ 250+GST, Above ₹1,00,000 to ₹10,00,000: ₹1000 + 0.50% of the gross amount of currency exchanged less 1,00,000+GST, Above ₹10,00,000: ₹5500+ 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of ₹60,000+GST
However, in order to enjoy the services under this app, there are certain Kotak 811 charges that you need to bear. That’s Right! With this one app on your mobile, it's time to say hello to infinite possibilities, which is brought to you by Kotak Mahindra Bank.
Moreover, one thing that needs to be mentioned here is the fact that in our earlier edition of articles, we have talked about the impeccable features and benefits offered by this unique digital bank account. But today, we are going to disclose or you can say highlight one such critical feature on which many people don’t pay much attention.
Well, it’s none other than the charges! But before we talk about the fee structure, there are different variants of this digital bank account and so the fee structure varies accordingly. However, just to give you a sneak peak, today, in this article, we are going to talk about Kotak 811 Limited KYC. So, without wasting any time further, let’s get started…
Kotak 811 Limited KYC
Average Monthly Balance: ZERO, Funds Transfer:NEFT / IMPS: Nil Charges; (RTGS: Not available), Cash Transactions:Nil charges for 1 Deposit / month upto ₹10,000. Thereafter, charged at ₹3.5 / 1000 with minimum ₹50(Cash Withdrawal: Not available),
Debit Card/ATM Charges (Virtual Card): NIL Charges (Issuance / Annual Fee / Replacement)
Debit Card/ATM Charges (Physical Card): ₹299 per annum
5 Transaction / month @ nil charges, thereafter Financial Txn. ₹20.00 / Txn, Non-Financial Txn. ₹8.50 / Txn, Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of Maximum 3 transactions @ nil charges in Top 6#+ Cities, thereafter Financial Transaction ₹20.00 / Txn, Non-Financial Transaction ₹8.50 / Txn. Txn. declined charges ₹25 / instance
DD/Pay Order/Cheque Book: Not Available
At-par Cheque Book Charges: Not Available, ECS / Cheque Issued & Returned (due to non-availability of funds): Not Available, ECS Mandate Verification: NA, SI Failure: Not Available, Cheque deposited and returned (INR): NA, Branch Requests: NA, Statements & Alerts: NIL Email Statement Charges,Balances and Transaction & Value added alerts (Daily / Weekly): Daily SMS ₹30/Qtr, Weekly SMS ₹15 / Qtr,Other Charges: NA,Cheque Purchase: NA,Request for PIN generation/re-generation (sent through courier): ₹100/request
Furthermore, now that you know the basic fee structure, it’s time for you to know the Kotak 811 charges for Foreign Currency. So, let’s just take a look below to know more about the same.
Value of Purchase or Sale of Foreign Currency
Up to ₹1 Lakh: 1% of the gross amount of currency exchanges or minimum of ₹ 250+GST, Above ₹1,00,000 to ₹10,00,000: ₹1000 + 0.50% of the gross amount of currency exchanged less 1,00,000+GST, Above ₹10,00,000: ₹5500+ 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of ₹60,000+GST
l
ReplyDeleteFor Finnace Related information And Related News And about new Kotak Mahindra informations kotak bank zero balance account
ReplyDelete