Open Kotak 811 Savings Accounts and Enjoy The Benefits Anywhere, Any Time

Earlier people used to carry cash for shopping and paying bills. With the launch of revolutionary Kotak 811 zero balance saving account, life of the people became easier. Now people do not have to carry cash or even cards for paying bills and to make purchases. The Kotak 811 account holders have the facility of using the innovative 811 App as a virtual debit card which is provided free of cost. With the help Kotak 811 saving account making payments of DTH, Mobile Bills, railway tickets, movie tickets, electricity bill etc has become easier then before.

Many banks allow people to open and maintain zero balance saving accounts where account holders do not need to maintain a minimum balance in their account. Like any other bank, Kotak Mahindra Bank has also opened a Zero Balance Saving Account where no maintenance is required. Kotak Zero Balance Saving Account is also known as Kotak 811 fully digital Account which allows people to open accounts in as less as 5 minutes. The bank provides a virtual debit card for online shopping, Paying bills, etc. It also provides interest rate upto 6% p.a. With the help of this account Customers can also pay using the scan and pay option in stores. Customer can do online transaction using NEFT/IMPS with no additional charges. The mStore feature in the Kotak 811 Savings Account app allows users to shop online without downloading other applications. In this account the balance should not exceed Rs. 1 lakh. The maximum of 1 lakh can only be transferred online. The customer has to do full KYC before the end of 1 year from opening the account. Kotak 811 saving account is a new age savings account offered by Kotak Mahindra Bank. 

The 811 Kotak Mahindra Saving account is a completely paper less digital account. Unlike a regular savings account with Kotak 811 saving account customer just have to visit the play store from their Android phone and download the Kotak Mobile Banking App. Once installed, click on ‘Get started Now’ to start the new account opening journey. Once all the criteria have been completed, customers account number & CRN will be generated instantly and customer can start using their Account. 

The minimum age required to open should be more than 18 years of age, and a resident of India with an Indian address to be eligible to apply for Kotak 811 saving account.

More Info: https://bankingvilla.com/SavingAccount/kotak-811.php

THE MAIN FEATURES OF BANKINGVILLA

Banking Villa is an online banking portal where a person can avail all the facilities under one roof. Through Banking Villa you can get all the services of banking and investment in one place. People can apply for loans, investment and can apply for credit cards. Banking villa also provides various types of loans both secured and unsecured loan such as Home Loans, Personal Loans, Car Loans, Business Loans, Used Car Loans, Education Loans etc. With the help of this online portal, one can invest in Mutual Funds, one can open Demat account one can do Fixed Deposit.

CREDIT CARDS, LOAN, SAVINGS ACCOUNTS, LOANS, INVESTMENTS - Bankingvilla

Banking villa provides:

1.Credit Cards:

American Express credit card, HDFC Bank Regalia card, Standard Chartered credit card. ICICI Bank credit card, City Rewards card, SBI yatra card, Kotak Mahindra bank credit card, Jet airways card etc.

2. Loans:

Home Loans, Personal Loans, Car Loans, Business Loans, Education Loans, Two Wheeler Loans, Used Car Loans, and Unsecured Loans.

       The other products of Banking Villa are:

3. Saving Accounts:

Saving accounts are the account which is generally deposit account held at a bank or other Financial Institutions that provides Principal Security at a modest rate of interest. Banking Villa provides Saving Accounts of various banks: AXIS Bank, Kotak Mahindra Bank, IDFC Bank, Yes Bank, City Bank, RBL Bank etc.

4. Investments:

Investment is a mechanism used for generating future income. Investments include the purchases of bonds, stocks or real estate property. Investments include: 

• Mutual Funds:

Mutual Funds are the professionally managed investment funds that pool money from the investors to purchase securities, to invest in stock markets. The various types of Mutual Funds are:

1.Money market funds.

2.Bonds or fixed Income funds

3.Stock or Equity Funds etc.

The mutual funds that Banking Villa provides are:

Aditya Birla Mutual Fund, DSP Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund etc.

• Demat Account:

Demat Account is the Dematerialized accounts that provide facilities of holding shares and securities in the electronic format. Demat Accounts hold all the investment an individual makes in share, government securities, mutual funds, bonds, exchange-traded funds at one place.

The types of Demat Account that Banking villa provides are:

Kotak Mahindra Demat Account, Angel Broking Demat Account,5 Paisa Demat Account, ICICI Direct, and Religare Securities Demat Account.

• Fixed Deposit

Fixed Deposit is one of the oldest and safest investment avenues which helps people to grow their savings. By investing in Fixed deposit people can control their investment with greater flexibility, assured return and high stability. Anyone can choose tenure of fixed deposit between 12 months to 60 months. The fixed deposits that banking villa provides are: ICICI Bank Fixed Deposits, SBI Fixed Deposit, HDFC Fixed Deposit, and AXIS Bank Fixed Deposit

More Info: https:www.bankingvilla.com/