Kotak Mahindra Bank
Kotak Mahindra Bank is one of the leading private sector banks in India, offering a wide range of financial products and services to its customers. With the increasing popularity of online banking, Kotak Mahindra Bank has taken a step further to make banking more convenient and accessible to its customers. In this article, we will discuss the process of opening a zero balance account online with Kotak Mahindra Bank.
Zero Balance Account Opening in Kotak Mahindra Bank
Kotak Bank is the fourth largest private sector bank. This is the only bank among the top five banks in India that gives you the facility to open a zero balance account. With Kotak Bank, you can open a zero balance account with full KYC online from the comfort of your home. By opening zero balance, you can also take a lifetime free credit card without income proof along with it. In this video I am going to show you the complete process of opening a zero balance account in Kotak Bank and using the application. So let's get started.
Steps to Open a Zero Balance Account with Kotak Mahindra Bank
- Step 1: Visit the Kotak Mahindra Bank's website
You need to visit this page to open a zero balance account in Kotak Bank. In this you will Enter a Mobile Number, E-mail ID and Pin code and click on Open Now.
- Step 2: Enter Your Pin code
If there is no Kotak Bank branch available on your Pin code, then you can enter the Pin code of any other location near you where Kotak Bank branch is available. By entering the Pin code in this way, click on the check,
- Step 3: Enter Your PAN & Aadhaar Number
In this you will enter your PAN card number. Enter the Aadhaar card number. Will give consent. After that click on Proceed to Verify. The name on your PAN card will appear in front of you, click on Proceed, an OTP will be sent to the mobile number linked with your Aadhaar card. OTP will be put here, your name photo and date of birth will be taken from your Aadhaar card.
- Step 4: Enter Your Personal Details
In this you will choose your occupation. what do you do for work As you are salaried, self employed, professional, student or doing business, you will choose here. After that choose the source of income. Below you will choose your annual income. Marital status will do. Here you will enter your father name. After this you will enter mother name. After this proceed.
- Step 5: Add Your Address
Aadhaar card address will appear in front of you. If you want, you can use it and if you want, you can also add a new address. You will fill your communication address here. The address on which you want debit card and check book from the bank, then you will fill the address here. After this proceed.
- Step 6: Add Nominee
If you want to add a nominee, then you can add a nominee by clicking on Paid Nominee. You can add nominee later also. For this you will click on I'll do it later.
- Step 7: Give Declaration
After this you have to give declaration then you will select all these. Will click on Continue.
- Step 8: Set MPIN
If you want to set an MPIN to login to the Kotak Bank application, then whatever you want to keep the MPIN, you will put it here. After that click on Confirm MPIN. If not strong, then click on Try Again, you have to enter an OTP MPIN here which should not be repeated. After that click on Confirm MPIN. Successfully your MPIN will be done.
Your Virtual Debit Card will appear in front of you. After this you have to complete KYC. Your account details will appear in front of you. In this you will get the CRA number i.e. your login ID. Account number and IFSC code will also be available. By clicking on copy details you can copy your account details and save it somewhere. If you scroll down, you will see the details of Virtual Debit Card. You can see the card number, expiry date and CVV here. Your Account has been Opened.
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Kotak Bank Zero Balance Account Full Video KYC
To use without any limit, you have to complete Full KYC, for this you will click on Full KYC. If you want, you can also call an agent at home for full KYC. For this you have to set data time by clicking on schedule visit. An agent will come to your home at the same data time. To do full KYC and if you want you can also do it online. For this, if you click on Proceed to Verify, then you will accept the terms and conditions. After this agree and proceed.
The following documents are required for Kotak Bank video KYC:
- PAN Card
- Photo
- Signature
A video call will start to complete your Video KYC. An agent from the bank will contact you. You will show him your original PAN card and your video KYC will be complete. After this you can use your account without any limitation.
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How to Install and Login to the Kotak 811 App
Kotak 811 is a popular digital bank app that offers a range of financial services to its customers. It is a convenient and secure way to manage your money from your phone. If you're new to Kotak 811, here's a step-by-step guide to help you install the app and log in for the first time.
- Step 1: Download the App
The first step is to download the Kotak 811 app from the Google Play Store or Apple App Store. Simply search for “Kotak 811” in the app store, and download the app to your phone.
- Step 2: Install the App
Once the app is downloaded, tap on the “Install” button to install the app on your phone. The app will be installed automatically in a few minutes.
- Step 3: Open the App
Once the app is installed, open the app from the home screen or app drawer.
- Step 4: Login
On opening it you will get two options. You click on login.
- Step 5: Send SMS
In this you will click on Send Secure SMS Now. Will send an SMS from your number for time verification, then you must have SMS balance.
- Step 6: Enter MPIN
Your login ID will be automatically filled here. You will enter your MPIN and click on submit.
- Step 7: Set Profile
In this, you can put a profile photo, you can capture directly or you can also take it from the gallery.
- Step 8: Set Fingerprint
After this, if you want to set fingerprint instead of MPIN, then you will do it yes.
In conclusion, Successfully login to the Kotak Bank application. And from here you can manage your account. Your account number will appear above. You can see your balance by clicking on View Balance. You will get all the options in this application. For example, if you want to extract the statement of your bank, then you can extract the bank statement from here. If you need a check book, you can request a check book. For money transfer, you can transfer money anywhere by clicking on money transfer. In this you can set UPI. If you click on BHIM UPI and click on See More, all the services will appear in front of you. In this you can see that this is a complete application. With this you can do all the work.
You will get the Debit Card by post. Virtual Debit Card is available to you as soon as you open the account. You can use it online and also you get many services and features in it which you can try it. To request any service, you will click on the service request below. From here you can request for a debit card. Can take credit card, can take chequebook. You can update your mobile number e-mail address by going to profile. From here you can also update the nominee. This is how you can open a zero balance account in Kotak Bank with full KYC from the comfort of your home.
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FAQ's Of Kotak Bank Zero Balance Account Opening Online
What is Kotak Bank Zero Balance Account?
Kotak Bank Zero Balance Account is a type of savings account offered by Kotak Mahindra Bank that doesn't require a minimum balance to be maintained.
How can I open a Kotak Bank Zero Balance Account online?
You can open a Kotak Bank Zero Balance Account online by visiting the bank's official website, filling out the required details, and submitting the required documents.
What documents are required for opening a Kotak Bank Zero Balance Account online?
The required documents for opening a Kotak Bank Zero Balance Account online include a government-issued photo ID proof, address proof, and PAN card.
What are the charges for a Kotak Bank Zero Balance Account?
Kotak Bank may charge a nominal fee for some transactions, such as cheque book request or demand draft issuance. You can check the detailed fee structure on the bank's official website.
What are the benefits of a Kotak Bank Zero Balance Account?
Some of the benefits of a Kotak Bank Zero Balance Account include no minimum balance requirement, free debit card, free email and SMS alerts, and the convenience of online banking.