Kotak  Bank launches 811 ‘ Zero Balance , Zero Charge’ Account

Kotak Mahindra Bank a well known name in banking sector. To promote its services bank launches 811 ‘Zero Balance, Zero Charge’ Account.

What exactly is Zero Balance, Zero Charge Account

Under this scheme customer can open their account in Kotak Mahindra Bank with paying any fee. Best thing is that they had to do no paperwork and this process is completely digital.  Only Aadhaar and PAN numbers are required for this process. Customer can open their account within 5 minutes so now need not to wait to get excess of the account.


Image source: zeebiz.com

Target of the scheme

Bank plan to raise its customer by mean of this scheme and plan to do double its client within the next 18 months

Key things about this savings account scheme:

  • Clients will get 6 % interest rate on savings account balances
  • Customer has to pay nothing to get hold of their saving account and there will be no hidden charges