Kotak Mahindra Bank has declared the launch of its new digital banking app which provides 811 banking services and which aims to change banking in India.
Kotak Mahindra Bank is striving to achieve prospective growth in the Indian banking sector via its new launch of a mobile app which provides 811 digital mobile banking services.
Its 811 full-service digital banking offering with a mobile app has features like zero balance saving account and zero charges for all digital transactions. Further, it offers 6 percent interest annually on the savings account balance
The app looks impeccable with absolutely delightful services. The best part of its part is that it enables digital and paperless account opening experience throughout 700 locations in India. It takes less than five minutes to open an account anywhere and any time in India.
The new 811 offering is a completely digital and paperless account opening experience across some 700 locations in India. It allows opening of accounts anywhere, anytime and takes roughly around five minutes using the Kotak’s mobile banking app.
811 mobile banking app is available on Google’s Android platform. This new 811 mobile banking app is currently available on Google’s Android platform. Next, it can be expected in the iOS version in near future.
Now, with 811, we embark on a bold organic growth journey. We aim to double our customer base in 18 months. 8/11 changed India. 811 aims to take our Prime Minister’s vision forward,” said Uday Kotak, Executive Vice Chairman & Managing Director – Kotak Mahindra Bank.
811 offers incredible 100 mobile features which not only includes financial transactions but also managing investments, fund transfers and supports other e-commerce apps. It is integrated with Bharat QR code and its UPI is enabled for instant payments. The potential 811 customers will have to pay no fees for any online transactions and they can avail a free virtual debit card.