Description
Features
✔️ Fully digital account opening with Aadhaar & PAN
✔️ Earn up to 4% Interest per annum on your savings account balance
✔️ No need to maintain a minimum balance in your account
✔️ Free Virtual Debit card and Lifetime free Credit Card (subject to eligibility)
✔️ Free digital transactions like NEFT, IMPS, UPI, Pay your contact, Scan & Pay
✔️ Round the clock account access through the Internet and Mobile Banking
✔️ 24/7 account management facility through website.
Fees & Charges
✔️Account Opening charges – Zero
✔️Non-maintenance of the minimum
Eligibility Criteria
✔️ Individual of age 18 years and above
✔️ Customer’s credit score should be 750+
✔️ Resident Indian
Documents required
✔️ PAN Card
✔️ Aadhaar Card
✔️ Valid Mobile Number (linked with AAdhar)
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Process
✔️ Enter your name, mobile number and email ID. Tick the check boxes if you are not a politically exposed person and you are an Indian resident.✔️ You will receive an OTP on your mobile number. Enter the OTP.
✔️ Enter your PAN, Aadhaar number. You need to authorize the bank to access your Aadhaar details and biometric information for verification.
✔️ Add the OTP that you have received on your Aadhaar registered mobile number.
✔️ You can now see your address as per your Aadhaar records. Use this address or add another address as your communication address.
✔️ Add details such as father’s and mother’s name, occupation, gender, annual income. The bank will fetch your date of birth from the Aadhaar database. You can also add nominee details.
✔️ Review the details that you have added before proceeding with the Video KYC verification process.
✔️ Accept the terms and conditions.
✔️ In this step, you can add a different communication address.
✔️ Provide location access and you will be connected to a bank agent who will carry out the video KYC process. After the video-based KYC is completed, your account will be opened within a few hours upon successful verification. The account will be a full-fledged savings account without any limitations or restrictions.
1. Why Kotak Bank?
1. Open instant Kotak Savings Account.
2. Virtual Debit Card.
3. Digital Banking with online assistance.
4. This is a zero balance savings account with a variety of offers and variants.2. Why the account is suspended and the payment is not proceeded?
There could be multiple reasons
1. If “Kotak Lite” account opened, you will not receive a commission.
2. For each user, only digital account such as Paytm, ,Airtel Payments, etc., can be linked.
3. If video KYC is pending, you will not receive a commission.
4. If anyone found creating multiple accounts using same/single devise he will be suspected as a fraud and his payout will be canceled from the authority.
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