You might have seen Ranveer Singh in a red suit campaigning for Kotak 811 account. You might be wondering is this some expensive and elite stuff that only the creamy layer can afford. Afterall, Kotak has afforded a Simba! Well, my remarks and reviews are coming at the end of this article but first let us go through the features of this account.
|Average monthly balance||₹0/month||₹10,000/month|
|Debit card type and fees||Classic (₹199 p.a.)||Platinum (₹150 p.a.)|
|Chequebook||Chargeable||Free 25 leaves quarterly|
|Branch Transactions||1 free transaction of upto Rs 10,000 per month (for both cash deposit & withdrawal** separately)||4 free transactions upto ₹2lakhs per month|
|Home Banking||Not Available||Available @ ₹150/visit|
|ATM withdrawals||5 Free monthly (Kotak Bank ATM & Other Domestic Bank ATMs each)||Free & Unlimited (Kotak Bank ATM)|
5 Free monthly(Other Domestic Bank ATMs)
- No minimum balance charges on non-maintenance of minimum balance.
- Virtual Debit Card instantly for online shopping
- Transfer money online for free and with easy
- Kotak dream different credit card.No Joining & Annual Fee. Get 2X reward points on online spends. Click here for Fee and Charges.
Similar facilities are available with other banks. A detailed check is required towards the charges of credit cards chosen and the benefits available with other credit cards. Service at Kotak Bank is excellent and they are just a phone call away. But before considering any other options like investment, loans etc you need to do your independent assessment.