Kotak Mahindra Bank is one of the leading banks in India, and they offer a variety of savings accounts to cater to the diverse needs of their customers. One such account is the zero balance savings account, which is ideal for those who want to maintain a low balance in their account.
Overall, the Kotak Mahindra Bank zero balance account is a good option for those who want to enjoy the benefits of a savings account without having to maintain a minimum balance.
Benefits of kotak mahindra bank zero balance account :-
Kotak Mahindra Bank offers a zero balance savings account which has several benefits, including:- No minimum balance requirement: With a zero balance account, you do not need to maintain a minimum balance in your account. This is beneficial for those who cannot afford to maintain a minimum balance in their account.
- Free ATM withdrawals: Kotak Mahindra Bank provides free ATM withdrawals to its customers. This means you can withdraw money from any of the bank's ATMs without incurring any charges.
- Debit card: A debit card is provided with the zero balance account. You can use it to make transactions at merchant outlets or withdraw cash from ATMs.
- Online banking: Kotak Mahindra Bank provides online banking facilities to its customers. You can access your account through the bank's website or mobile app and perform various transactions.
- Free SMS and email alerts: You will receive free SMS and email alerts for all transactions made using your account. This helps you keep track of your account activity and detect any fraudulent transactions.
- Personalized banking: Kotak Mahindra Bank provides personalized banking services to its customers. You can enjoy the benefits of a dedicated relationship manager who will assist you with your banking needs.
- Overall, the Kotak Mahindra Bank zero balance account is a good option for those who want to enjoy the benefits of a savings account without having to maintain a minimum balance.
- Free ATM withdrawals: Kotak Mahindra Bank provides free ATM withdrawals to its customers. This means you can withdraw money from any of the bank's ATMs without incurring any charges.
- Debit card: A debit card is provided with the zero balance account. You can use it to make transactions at merchant outlets or withdraw cash from ATMs.
- Online banking: Kotak Mahindra Bank provides online banking facilities to its customers. You can access your account through the bank's website or mobile app and perform various transactions.
- Free SMS and email alerts: You will receive free SMS and email alerts for all transactions made using your account. This helps you keep track of your account activity and detect any fraudulent transactions.
- Personalized banking: Kotak Mahindra Bank provides personalized banking services to its customers. You can enjoy the benefits of a dedicated relationship manager who will assist you with your banking needs.
Overall, the Kotak Mahindra Bank zero balance account is a good option for those who want to enjoy the benefits of a savings account without having to maintain a minimum balance.
Documents required :-
To open a Kotak Mahindra Bank zero balance account online, you will need to provide the following documents:
- PAN Card
- Aadhaar Card (for address and identity proof)
- Passport/ Voter's ID/ Driving License/ NREGA Card/ Any other government-approved identity proof
- Passport/ Voter's ID/ Driving License/ NREGA Card/ Any other government-approved address proof
- Passport-size photographs
Additionally, you may also need to provide some other documents as per the bank's requirement. It's best to check with the bank for any additional documents required before proceeding with the account opening process.
Here are the steps to open a zero balance account with Kotak Mahindra Bank:
- Visit the Kotak Mahindra Bank website and click on the 'Savings Account' option.
- Click on 'Apply Now' under the '811' option.
- Enter your personal details, such as your name, email address, and mobile number.
- Upload the necessary documents, such as your PAN card, Aadhaar card, and passport-size photograph.
- Choose the type of account you want to open - zero balance account in this case.
- Once you have filled in all the details and uploaded the necessary documents, click on 'Submit'.
- You will receive an OTP on your registered mobile number. Enter the OTP to verify your mobile number.
- A Kotak Mahindra Bank representative will contact you to schedule an appointment for the KYC verification process.
Once the KYC verification process is completed, your account will be activated.
That's it! You have successfully opened a zero balance account with Kotak Mahindra Bank. You can now enjoy the benefits of a savings account without having to maintain a minimum balance. Do keep in mind that certain transactions may attract charges, so it's always best to check with the bank for a full list of fees and charges.