Day by day in India banks are reducing Interest on Savings account. There are some banks which offer high-interest rate on savings account. One of them is Kotak Mahindra Bank which offers up to 6 % interest rate on savings account.
Earn up to 6% p.a. interest on savings account balance over Rs. 1 lakh and up to Rs. 5 crores. Earn 5% p.a. interest on savings account balance up to Rs. 1 lakh and 5.5% p.a. interest on Savings Account balance above Rs 5crores. Applicable for Resident Accounts only.
Kotak 811 pays interest of up to 6% p.a. with zero minimum balance requirement. It allows you to make online money transfers for free (IMPS, NEFT and RTGS) and comes with a Virtual Visa Debit Card which you can use to shop online as well as pay via Scan and pay at merchant outlets.
Kotak 811 is a new age bank account offered by Kotak Mahindra Bank. You can open a Kotak 811 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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