Kotak Mahindra Bank has launched the '811 banking app' to double its customer
Posted on:03 Apr 2017 14:15:56
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03 April 2017 Current Affairs: Indian financial services conglomerate, Kotak Mahindra Bank announced the launch of 811, a full-service digital banking ecosystem on mobile.
811 offers a completely digital and paperless account opening experience across nearly 700 locations in India. It can be opened anywhere, anytime, within five minutes, using Kotak's mobile banking app - the top rated banking app (as per Google Play Store) in India.
The new digitally operated account will offer 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.
One only needed an Aadhar card and a PAN card to open and operate the account.
Kotak Bank will become the first bank to integrate Aadhaar offering OTP-based financial services.
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