811 to Drive Kotak Mahindra Bank’s Organic Growth Charter

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Dial **811 to instantly download 811; Now available on both Android and iOS

8/11 Changed India. 811 aims to take banking to every Indian

newznew (Chandigarh) : Kotak Mahindra Bank’s (Kotak) 811, India’s unique full-service digital banking ecosystem on mobile, will drive the bank’s organic growth agenda. Born out of Hon. Prime Minister Shri Narendra Modi’s vision of a Digital New India, 811 has been designed around the idea of simplicity and ease of use. 811 offers a zero balance savings account with zero charges for all digital transactions, where customers can earn up to 6% p.a. on their savings account balances. With 811, Kotak will accelerate and deliver on its organic growth strategy.

811 offers a completely digital and paperless account opening experience across nearly 700 locations in India. It can be opened anywhere, anytime, within 5 minutes, using Kotak’s mobile banking app – the top rated* banking app in India. Kotak is the first bank in India to integrate the newly introduced Aadhaar-based OTP authentication process for account opening on mobile. Only Aadhaar and PAN numbers are required to open and operate 811.

811 is now available on both Google Play Store and on Apple’s App Store. It can be instantly downloaded on the phone via Kotak’s mobile banking app by giving a missed call to **811.

Ambuj Chandna, Senior Executive Vice President, Kotak Mahindra Bank said, “811 is designed to offer the best banking experience on mobile. It is a full-service, zero balance account, with zero charges on all digital transactions where customers can earn up to 6% p.a on savings account balances.”

With 811, anyone can now download Kotak Mahindra Bank on their mobile. It offers access to over 100 features on mobile including completing financial transactions, managing investments, fund transfer, and is an ideal lifestyle app for e-commerce on Flipkart, PVR, Goibibo, etc. 811 is fully integrated with Bharat QR Code, India’s new digital payment system, developed by the Government of India. Every 811 account comes with an instant Virtual Payment Address (VPA), that allows a customer to start using the Unified Payment Interface (UPI) for sending and receiving money. Further, 811 customers will enjoy all digital transactions at zero cost, and get a free virtual debit card.