Kotak Mahindra Bank dials 811 to double customer base, announces new strategy
Kotak Mahindra Bank’s disruptive 811 may spell trouble for payments banks811 offers a completely digital and paperless account opening that can be done anytime, anywhere.
811 will continue to offer customers up to 6 percent interest on their savings account balances.
Kotak Bank will become the first bank to integrate Aadhaar offering OTP-based financial services.
The new initiative will be a part of Kotak’s existing app and customers can maintain a zero balance for zero charge for all digital transactions. Only Aadhaar and Pan card will be needed to open and operate the account.