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811 Super Savings Account Benefits

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TheGuy said:
Is the cashback based on monthly cycle (1 Sept to 30 Sept)

OR

custom cycle, from date of upgrade (eg 21 Sept to 20th October)

Anyone?
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Cashback will be credited after end of the month. So monthly cycle it is (1 Sept to 30 Sept).

8. Cashback will be deposited in 30 days post completion of the month under consideration.
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FROM WHAT i HAVE OBSERVED ABOUT KOTAK FROM LAST 7 YEARS OF MY 811 ACCOUNT...HERE ARE MY TWO CENTS......

1. this is a simple trick to get 300 rs from 811 freeloaders like us..........as most of the 811 accounts have virtual cards,zero balance,sms charges blocked....so bank is earning not a dime from them.....atleast now they will get 300.....811 customers are in majority in kotak as they hardly have anyother good account...

2. This initial less exclusion limit on debit card spends...is just to lure more people...in a month or two...they will ban everything where we can earn 500....like bill payments etc.....

for refernce.....you can see the example of kotak everyday account......when that account launched...everyone pounched to open it......currently....the account is not even considerable to be opened.....such level of devaluations within a short span....
 
Batmanbaba said:
FROM WHAT i HAVE OBSERVED ABOUT KOTAK FROM LAST 7 YEARS OF MY 811 ACCOUNT...HERE ARE MY TWO CENTS......

1. this is a simple trick to get 300 rs from 811 freeloaders like us..........as most of the 811 accounts have virtual cards,zero balance,sms charges blocked....so bank is earning not a dime from them.....atleast now they will get 300.....811 customers are in majority in kotak as they hardly have anyother good account...

2. This initial less exclusion limit on debit card spends...is just to lure more people...in a month or two...they will ban everything where we can earn 500....like bill payments etc.....

for refernce.....you can see the example of kotak everyday account......when that account launched...everyone pounched to open it......currently....the account is not even considerable to be opened.....such level of devaluations within a short span....
Click to expand...

🤡

Screenshot_20240929-091020.webp
 
Batmanbaba said:
FROM WHAT i HAVE OBSERVED ABOUT KOTAK FROM LAST 7 YEARS OF MY 811 ACCOUNT...HERE ARE MY TWO CENTS......

1. this is a simple trick to get 300 rs from 811 freeloaders like us..........as most of the 811 accounts have virtual cards,zero balance,sms charges blocked....so bank is earning not a dime from them.....atleast now they will get 300.....811 customers are in majority in kotak as they hardly have anyother good account...

2. This initial less exclusion limit on debit card spends...is just to lure more people...in a month or two...they will ban everything where we can earn 500....like bill payments etc.....

for refernce.....you can see the example of kotak everyday account......when that account launched...everyone pounched to open it......currently....the account is not even considerable to be opened.....such level of devaluations within a short span....
Click to expand...
Very true, but you have to consider the 811 user base as well. It may not be as large as the everyday account base and it's been some time since the RBI ban was implemented.

Many people have closed their accounts, and they cannot reopen them. Kotak811 user base will never rise, it will only decrease and that's a good thing for super users.

I agree that we will likely see future devaluations. I have paid 300, and I just need one month of the bank’s service to continue at 500/month. After that, I'll have a 200 profit, and I don’t care if everything is devalued after a month. I got what I paid.

It's a 0 balance account anyway.
 
Can I open a fresh 811 account and what are the chances it will be converted to Super account? Or while account opening time itself I have to mention them to open 811 Super account?
 
shu_sha said:
Can I open a fresh 811 account and what are the chances it will be converted to Super account? Or while account opening time itself I have to mention them to open 811 Super account?
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for NTB customers, 811 super is readily available. Either you can select during online account opening itself as super and then do the kyc process in nearby branch or can visit branch directly and ask for super.
 
dhiraz said:
Rewards that make spending worth it
Enjoy FLAT 5% cashback up to Rs.6,000* per year (Rs.500 every month) on your Debit Card spends.

Terms and Conditions - 811 Super

811 Super eligibility:
  1. While completing FKYC/on-boarding to 811 Super program, the minimum A/c account balance should be ₹5,000.
  2. On monthly basis, customer needs to do at least one customer initiated credit transaction of minimum ₹5,000 to get eligible for 811 Super cashback.
  3. 811 Super will be offered for one year from the date of subscription. After 1 year, Customer’s consent will be taken for program continuation.
  4. In case of customer’s dissent, the programme will be discontinued and customer will be downgraded to regular 811 zero balance digital savings account. The GSFC benefits of 811 Edge, promo code, classification code will stand withdrawn.
811 Super cashback:
  1. Eligible customers - Cashback to 811 Super eligible customers on Debit Card spends.
  2. Cashback construct - Flat 5% cashback to all 811 Super eligible customers on Debit Card spends through Kotak Debit card (E-com/ POS (Point of Sales) transactions) up to ₹500/month.
Rules:
  1. 811 Super eligible customers should spend via Kotak Debit card.
  2. In order to calculate the spend value only following types of transactions are eligible:
    1. Virtual Debit Card
    2. Physical Debit Card transactions (E-com/POS)
Important note:
  1. Inter or intra bank fund transfer, ATM cash withdrawal, wallet top up (transfer from 811 Savings Account to any kind of wallet) or any other type of transaction excluding mentioned above will not be considered.
  2. Any type of UPI transactions will not be considered as spends.
Terms & conditions for cashback:
  1. This cashback has been extended by Kotak Mahindra Bank to 811 Super customers meeting eligibility criteria of ₹5,000 credit/month.
  2. Flat 5% cashback will be given on Debit Card spends.
  3. A customer can get max ₹500 cashback/month.
  4. To get the monthly cashback, 811 Super eligible customer should spend via 811 Debit Cards.
  5. Any kind of fund transfers or ATM cash withdrawal and wallet top-up will not be considered as spend.
  6. Cashback will be rounded down to the nearest whole number.
  7. Customer should spend at least ₹20 to get eligible for cashback.
  8. Cashback will be deposited in 30 days post completion of the month under consideration.
  9. The cashback is not-transferable.
  10. Participation for the cashback is voluntary.
  11. Any Customer eligible for the cashback shall be deemed to have read, understood and accepted these terms and conditions, general terms and conditions of the Bank.
  12. Kotak Mahindra bank reserves the right, at any time, without prior notice and without assigning any reason whatsoever, to add/alter/modify/change or vary all or any of these terms and conditions or to replace, wholly or reduce the cashback.
  13. The Bank reserves the right to disqualify any Customer from the benefits under the Offer if any fraudulent activity is observed as being carried out for the purpose of availing the benefits under the offer.
  14. The decision of the Bank in all matters in connection with and incidental to this offer is final and shall be binding on all persons.
  15. Disputes, if any, arising out of or in connection with or as a result of above cashback or otherwise relating here to shall be subject to the exclusive jurisdiction of Mumbai courts.
811 Super fees and charges


*Financial transaction at ATM will include Cash withdrawal, Non-Financial transaction will include balance enquiry, PIN change, Mini statement request. Maximum of 5 transactions @ nil charges (incl. financial & non financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) charges in top 6 cities (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad), thereafter Financial Transaction - ₹21/- Transaction and Non- Financial Transaction ₹.8.50/- transaction.

811 Super Fees & Charges


Steps To Convert 811 Savings Account to 811 Super Savings Account

If You Have an 811 Full KYC Account then call Customer @ 1860 266 2666 After Connecting The Call with the Agent Just Say I Wanted To Convert My Account To 811 Super Savings Account Then The Agent Will Tell You The Benefits of This Account. If You Have 5k in Your Account It's Ok Otherwise They Will Tell You Transfer 5k to Your Kotak Account. Then They Will Send You a Text SMS Having a Specific & Unique URL Click on The URL Accept The Terms & Conditions and Enter The OTP After Entering The OTP 300 Rupees Deducted from Your Account and Your Account successfully converted To 811 Super Savings Account.

After This Process, You Will Get Several Confirmation Messages for Debit Card and Cheque Book

Dear 811 customer, kindly share your consent to upgrade to 811 Super on this link: http://eel.nu/_7luual/_nML28 -Kotak

Your Kotak811 Super A/c is all set! Learn about your A/c benefits here https://eel.nu/_0urALZ/_KFqiR

Congratulations! Your request for Kotak Bank Debit Card was accepted on 19-SEP-24.

Your request for Cheque book for A/c XXXX1101 has been received on 19-09-2024. The same will be dispatched to your correspondence address shortly. Kotak Bank

Dear Customer, as per your request we have dispatched your cheque book for A/c XXXX1101. You will receive the same shortly. Kotak Bank

Your Kotak Welcome Kit will get delivered to you by 21-SEP-24. Share ID or OTP with courier person to get the same. Track:https://eel.nu/_6PGbBy/_FEL79
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Last 1 week se call pe call aa raha Kotak ka yeh account me upgrade k liye.
 
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