Free Kotak Mahindra 811 Saving Account

Kotak Mahindra Bank 811 Savings Account
Open a bank savings account in 5 minutes with Kotak 811. 811 is a zero balance bank savings account offered by Kotak Mahindra Bank. This savings account was inspired by the government’s decision to demonetize high value currency notes last year on 8th November. In a bid to transform the Indian economy into a cashless one, Kotak Mahindra Bank launched 811, a full-service digital banking system on your mobile. Kotak 811 account is for single users. Joint accounts cannot be opened with Kotak 811.
Kotak Mahindra Bank also offers other digital accounts such as 811 Lite Savings Account and 811 OTP Savings Account to cater to the varying needs of its customers. Those without a PAN or Aadhaar number can apply for Kotak 811 Edge account.

kotak 811 saving account

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Features and Benefits of 811 Savings Account
Listed below are the various features and benefits of Kotak Mahindra Bank 811 savings account:
• Zero minimum balance requirement.
• Zero charge for digital transactions.
• Earn a maximum of 6% p.a. on balance over Rs.1 lakh to maximum Rs.5 crores.
• Earn a maximum of 5% p.a. on balance up to Rs.1 lakh.
• Earn a maximum of 5.5% p.a. on balance above Rs.5 crores.
• Instant account opening with Aadhaar card and PAN card details.
• Online shopping can be done using this account as a virtual debit card.
• Using Scan & Pay, you can make payments for in-store purchases.
• Free IMPS, RTGS, and NEFT features for money transfer through NetBanking and mobile banking.
• Using app in app features via mStore, you can book movie tickets (through PVR), shop online (via Flipkart), and book flight tickets (through goibibo).

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Delete Mobikwik Account

If you are a Mobikwik customer, but are not using it and want to Delete Mobikwik Account Permanently, first contact mobikwik cstomer care after you need to follow the below mentioned..

mobikwik customer care number

Steps 1: Send a deactivation request by filing a support ticket by logging onto Mobikwik official website.

Step 2: Raise your deactivation request by following this link: https://www.mobikwik.com/help or contact mobikwik customer care and Type out a simple but clear message stating that you want to deactivate your account, your account details and the reason behind the   deactivation.

Step 3: Click on the submit tab.After some days, Mobikwik will deactivate your account and the balance if any left in your account will be transferred to your bank account.

Alternatively, you can mail Mobikwik on support@mobikwik.com if you wish to remove your account.

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Paytm sell genuine product or not?

How Paytm CashBack work?
Cashback policy is a lot realted to funding received by paytm through its anchor investors. Well most of the products are genuine and original since paytm is a mediator , product is shipped by seller directly so in few cases sellers sell duplicate product also. I have till date purchased 485 items from paytm in 2 years span and i found that usually branded jeans are of duplicate nature else most products are orignal. I have ordered all type of products being clothes,electronics,home furnishings, even products like air-fryer, cycle, mobile, ac etc were also part of my purchases.
So its clear most of the things are original.

paytm customer care number
Now i would explain you cashback policy. Its like paytm suffers loss when it provides us cashback. I am sure about it since i talked to many sellers how much commision they give to paytm and how much cashback customer got: net was loss to paytm . For eg MrX sells one Adidas shoe for 1000 which has mrp of 1500 now MrX will have to pay 100 rs to paytm as comm and shipping. Suppose offer was of 30 percent cashback. It means when i purchased the shoe i effectively got it for rs700. It means loss to paytm is of rs200.
Try to understand the financial statement of paytm : it shows loss of 350 crore in last fy U0001f648U0001f644
In turn loss was adjusted against the funding it got from anchor investors.
So for now its clear product sale by paytm are original and paytm gives us bestest offers which is not cup of tea for competitor ecommerce sites.
I would suggest you to shop branded things from paytm as it lets us save lot money as compared to purchase from showroom.
And yes ! Why paytm suffers so much loss and gives us cashback ? I will be back to you once i get chance to meet Mr Vijay shekhar Sharma

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What is Kotak Mahindra Bank Kotak 811 ?

Kotak Mahindra Bank present Kotak 811 is a new age bank savings account offered by Kotak Mahindra Bank. You can open a Kotak savings account by downloading the Kotak Mobile Banking app and registering using your Aadhaar number, PAN and other basic details. You can set up a mobile banking PIN and start using your account immediately.

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How To Open Kotak 811 Account?

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  • They ask you, Would you like to Open Kotak 811 account for receiving DBT?

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  • If Yes Fill all Details and Open Kotak 811 Account in 2 min
  • If No then open Kotak 811 Lite and upgrade to Kotak savings account.

Benefits of Kotak 811 Account

  1. Virtual Debit card
  2. Zero Balance Account
  3. Upto 6% Interest
  4. Quick Pay
  5. Recharge & Bill Payments Option
  6. IMPS Money Transfer
  7. Awesome service

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Phonepe What is money transfer limit?

Phonepe Standard UPI limit is set by the NPCI is 1 Lakh/day/bank. Now the limit may vary from bank to bank, you have to reach your bank to know the exact UPI transaction limit they have for you.

Phonepe-payments-solution

Wallet Top up limit: ₹ 10,000/transaction and ₹ 20,000/month.

Wallet Withdrawal limit: ₹ 5,000/transaction and ₹25,000/month.

Wallet transfer limit: Monthly limit depends on how much your beneficiary has loaded money in his PhonePe wallet in that particular month. Ex: If A wants to send ₹ 15,000 to B who already has made a Wallet top up of ₹ 10,000 in this month. A now can only send ₹ 10,000 to B which will add upto 20,000.

Remind you I mentioned wallet top is 20,000/month so at any point of time B wallet amount limit will not exceed 20,000. Refund is an exception.

In continuation of the above example Ex: In the same month B has made a Flipkart purchase of ₹ 5,000 which he later on cancelled and he received the refund on Phonepe ₹ 5,000 which will be added into his wallet that will add upto ₹ 25,000. That’s why we have a wallet withdrawal limit of ₹25,000.

Hope that helps;)

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