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Q.

Can I Open Zero Balance Account in Kotak Mahindra Bank?

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11 months

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0 2025-02-14T09:06:48+00:00

Hey! If you’re thinking, can I open zero balance account in Kotak Mahindra Bank, I’m happy to share that I recently opened an account with them at zero balance, so yes, it’s possible. Just like you, I was also skeptical whether it’s possible to open an account with no restrictions of minimum balance. My uncle, who is a bank account manager, told me the entire process of doing it. I can share that here.

Can We Open Zero Balance Account in Kotak Bank?

It’s possible, and it’s quite simple to apply for an account opening online. You can either visit the official website of Kotak Mahindra, or simply download their app. Here are some steps you can follow to open an account at Kotak Mahindra.

  1. Visit the

    Kotak Mahindra

    website or download the application.

  2. Then, share your name, contact information, and verify the OTP.

  3. After verification, you need to share your PAN details, Aadhar number, and complete the KYC.

  4. Enter the OTP, then accept the terms and conditions.

  5. You will soon receive a confirmation.

This is how you can open a zero balance account. 

Features of Zero Balance Savings Account

There are many key benefits of opening a zero balance account. I am sharing some features for your reference.

  1. Zero maintenance charges

  2. There’s no hidden charges

  3. You’ll get a complimentary virtual credit card

  4. 7% interest p.a on with ActivMoney

  5. You can avail free digital transactions

  6. Shop, dine, and book tickets in one place

  7. Invest in mutual funds

  8. You get pre-approved personal loan

  9. Cyber, health, and life insurance

I am hoping this gives you some insights on how can I open Kotak zero balance account online.

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