How much money can be deposited in a savings account Kotak?
How much money can be deposited in a savings account Kotak?
| Account Restrictions | Kotak 811 Limited KYC | Kotak 811 Lite |
|---|---|---|
| Total cumulative credits Allowed | Rs.2,00,000 in a year | Rs.10,000 in a calendar month & Rs 1,00,000 in a financial year |
| Maximum Balance allowed at any given point of time | Rs.1,00,000 | Rs.10,000 in a calendar month |
| Time limit to complete your Full KYC | 12 months | 12 months |
How much I can deposit cash in Kotak Bank?
Fees & Charges
| General Schedule of Features & Charges (GSFC) | ||
|---|---|---|
| Cash Deposit & Withdrawal: | ||
| Cash Deposits | At Home Branch & non Home Branch Location | Rs. 3.5/1000 Min 50 per txn |
| Cash Withdrawal | For Non – home Branch Location | Rs. 2/1000 Min 50 per txn |
| Automated Teller Machine (ATM): Kotak ATM Txn – Nil Charges |
What is the validity of Kotak 811 account?
Life-time validity Before you complete the full KYC of your account, the validity of the account is 12 months. This means that if you don’t complete the full KYC process, your account will be closed within 12 months. After the account is closed, you won’t be able to open a new Kotak 811 Account.
How can I deposit money in Kotak 811?
You can deposit money using your Debit Card or Net Banking of another bank. You can transfer money from another account through NEFT,IMPS or UPI* You can visit your nearest Kotak Mahindra Bank branch to deposit cash. To know different ways to deposit money in 811 Account, go to www.kotak.com/811WelcomeKit.
Can I deposit Cheque in my Kotak 811 account?
Customer won’t be allowed to transfer funds before the account is converted to Full KYC account. No cheque book will be issued and cheque deposit will not be allowed to customers.
Can you deposit Cheques in 811?