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Will tap-and-pay transactions with debit card be considered for the 5 percent cashback?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.
๐จIMP UPDATE: New Terms and Conditions - 811 Super
811 Super Eligibility:
811 Super Cashback:
- While completing FKYC/on-boarding to 811 Super program, the minimum A/c account balance should be โน5,000.
- On monthly basis, customer needs to do at least one customer initiated credit transaction of minimum โน5,000 to get eligible for 811 Super cashback.
- 811 Super will be offered for one year from the date of subscription. After 1 year, Customerโs consent will be taken for program continuation.
- 811 Super is an exclusive program available to a limited set of customers. Eligibility for 811 Super can be checked through the Kotak811 App.
Rules
- Eligible customers - Cashback to 811 Super eligible customers on Debit Card spends & customer needs to credit โน5,000 every month to avail the Cashback.
- Cashback construct - Flat 5% cashback up to โน500 per month to all 811 Super customers on eligible spends through Kotak Debit card (E-com/ POS (Point of Sales) transactions) up to โน500/month. Refer to below rules for cashback
Important note:
- 811 Super eligible customers should spend via Kotak Debit card, โน5,000 need to be credited in 811 Super a/c to avail flat 5% Cashback up to โน500 per month.
- In order to calculate the spend value only following types of Debit Card transactions are eligible:
- Virtual Debit Card
- Physical Debit Card transactions (E-com/POS)
- 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. For more details, please refer to the point no. 17 under Terms & conditions for cashback.
- Any type of UPI transactions will not be considered as spends.
Terms & Conditions for Cashback:
- This cashback has been extended by Kotak Mahindra Bank to 811 Super customers meeting eligibility criteria of โน5,000 credit/month.
- A customer can get a max โน500 cashback/month.
- To get the monthly cashback, 811 Super eligible customers should spend via 811 Debit Cards.
- Any kind of fund transfers or ATM cash withdrawal and wallet top-up will not be considered as spend.
- Cashback will be rounded down to the nearest whole number.
- Customer should spend at least โน20 to get eligible for cashback.
- Cashback will be deposited in 30 days post-completion of the month under consideration.
- The cashback is not-transferable.
- Participation for the cashback is voluntary.
- 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.
- 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.
- 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 availing the benefits under the offer.
- 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.
- Disputes, if any, arising out of or in connection with or as a result of the above cashback or otherwise relating hereto shall be subject to the exclusive jurisdiction of Mumbai courts.
- Any kind of refund or reversals will not be considered as โน5,000 deposit.
- Cashback cannot be processed if the account is frozen.
- Transactions on below MCC (Merchant Category Codes) will not be considered for cashback:
- 5169, 5085, 5199, 2842, 5122, 5039, 5198, 7375, 5051, 5021, 5046, 5099, 7395, 8734, 5044, 5074, 2791- Business-to-business transactions
- 7995- Betting including lottery tickets, casino gaming chips, race tracks
- 7273- Dating and escort services
- 5960- Direct marketing - Insurance services
- 6012- Financial Institution - Merchandise Services & Debt Repayment
- 7800- Government licensed - lottery
- 7801- Government licensed- online gambling
- 7802- Government licensed - racing
- 5723- Guns and ammunition shops
- 6381- Insurance
- 6300- Insurance sales, underwriting & premiums
- 6010- Manual cash disbursements - Financial Institutions
- 4829- Money transfer
- 6051- Non financial institutions - Foreign currency liquid, crypto assets, account funding, traveler cheques & debt repayment
- 8651- Political donations
- 6540- Non-Financial Institutions โ Stored Value Card Purchase/Load
- 5300- Wholesale clubs
- Transactions on below categories will not be considered for cashback:
- Loan repayment
- Wallet load transactions
- Utilities payment
The bank reserves the right to modify, amend, or terminate the criteria associated with its rewards program at any time, without prior notice. Such changes may include, but are not limited to, adjustments in eligibility requirements for customers or transactions, and redemption options. Customers are encouraged to review the terms and conditions of the rewards program regularly, as modifications may occur based on market conditions, regulatory requirements, or internal policies. The bank shall not be held liable for any losses or damages arising from changes to the rewards program.
To qualify for cashback rewards, customers must complete a mandatory monthly credit transaction. Please note that any reversal of bank-initiated debit transactions or ActivMoney credit transactions will not be considered qualifying transactions. The bank reserves the right to verify and determine the eligibility of transactions pertaining to the cashback program. Furthermore, the bank retains the sole discretion to determine qualifying spend transactions for its rewards program.
The bank may also implement a fair usage policy regarding these transactions without prior notice to customers. Such discretion is necessary to maintain the integrity and sustainability of the rewards program. By opting for Kotak 811 Super, customers acknowledge and accept these conditions. We encourage you to regularly check these terms and conditions for updates. Keeping informed about any changes will help you make the most of the rewards program and ensure that you understand your rights and responsibilities.
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 - โน21/- Transaction and Non- Financial Transaction โน.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
FAQs
Que: What is this 811 Super?
Ans: It is a Zero Balance Savings Account offered by Kotak Bank.
Que: I already have normal 811 Savings Account, is 811 Super different?
Ans: Yes, 811 Super Account is different. It is upgraded version of normal 811 Savings Account.
Que: What are the benefits of this 811 Super Account?
Ans: With 811 Super Account comes 811 Super Debit Card which gives 5% cashback up to โน500 on all transactions (both online and offline).
Some categories are excluded from cashback so check latest terms and conditions from official website.
Que: Is the cashback applicable on UPI transactions as well?
Ans: No, 5% cashback is applicable only for transactions done with 811 Super Debit Card either via Card Swipe method or by Tap & Pay or by Entering Card Number.
Que: How can I get this account?
Ans: You can apply for this account from Kotak 811 App or Website.
Que: Is the account opened via Video KYC (VKYC) ?
Ans: Yes, Now you can open 811 Super Account Online via VKYC as RBI has lifted the ban.No, due to RBI Ban Kotak Bank cannot open new accounts online. Only offline method is available.
Que: I already have a Kotak Bank Account can I get this 811 Super Account?
Ans: If your account type is 811 savings account then you can apply for this account. But getting 811 Super Account is not guaranteed. New customers can directly apply for 811 Super Account but for old customers Kotak bank did not specify any eligibility criteria. According to the comments on this thread some users were able to get 811 Super Account and some were not. You can try your luck.
Que: I got 811 Super Account now what?
Ans: After getting 811 Super Account you need to deposit at least โน300 in your account to pay fee for 811 Super Account.
Que: Alright โน300 deducted from my account, what is next?
Ans: After โน300 deduction you will get SMS/Email about issuance of 811 Super Physical Debit Card and Cheque Book. Depending on your address it can take 3-10 days for it to reach you. Do not disturb us with your silly questions until you get your Debit Card.
Que: I got a welcome kit but there was only cheque book in it, where is the debit card? Did they forget it? Did someone steal it? Am I unlucky? Why this happens to only me?
Ans: Buddy just wait a little longer your will get it eventually. Cheque book and Debit card is sent in a separate package. Just trust me you will get it. I know you don't have a life but I have one so don't ruin it with your silly comments.
Que: You were telling the truth, I got the debit card after few days, now what?
Ans: First of all make sure you deposit at least โน5000 in your 811 Super Account to enable 5% cashback feature. After that you use your 811 Super Debit Card for transactions to get 5% cashback.
Que: How do I deposit money in this account?
Ans: Easiest way is use Add money option available in the Kotak App. Or you can transfer money via UPI to this account. Default UPI address for this account is <Mob>@kotak811 where <Mob> is your mobile number. For example if your mobile number is 9876543210 then your default UPI address will be 9876543210@kotak811
Que: Do I need to deposit โน5000 only once?
Ans: You need to deposit at least โน5000 once every month to keep enjoying 5% cashback. By chance you forgot to deposit โน5000 in the account you will not get any cashback for that month. Don't blame it on us later.
Que: Can I withdraw โน5000 I deposited in the account or do I need to keep it in the account?
Ans: You can withdraw the amount immediately after depositing it. There is no minimum balance requirement for this account.
Que: How much cashback can I earn?
Ans: You can earn maximum โน500 cashback every month. So in a year you can get โน500 x 12 = โน6000 cashback.
Que: What is the minimum transaction amount required for cashback?
Ans: Minimum transaction amount is โน20 for getting โน1 cashback.
Que: How much cashback will I get If I did a transaction of โน3633 via 811 Super Debit Card?
Ans: You will receive โน181 for this transaction. 5% cashback is rounded down to nearest whole number.
Que: When will I receive the cashback?
Ans: You will receive the cashback in the next month of doing transaction. For example you did transactions of โน9000 in January then you will receive โน450 cashback in February.
Que: Where will I receive the cashback?
Ans: You will receive the cashback directly in your Kotak 811 Savings Account. You only need to do the transaction(s) and cashback will be automatically credited to your account next month.
Que: Is there any particular date for cashback?
Ans: According to the terms & conditions bank can send cashback on any date in next month. From the previous trends we can say you will get cashback on/after 15th of every month. Telling you again, there is no specific date for cashback.
Que: Someone posted that they got cashback, but I did not get anything, why?
Ans: Cashbacks are processed in batches. Some might get it earlier and some later. Don't worry you will get your โน500 cashback for sure.
Que: Is there any charges for Physical Debit Card?
Ans: Debit card fee is included in the yearly โน300 fee you will pay for 811 super account.
Que: Is the cheque book also free?
Ans: Yes, one cheque book of 25 leaves is free per year. If you order more than that you will be charged โน3 per cheque leaf.
Que: Will I get cashback for using 811 Super Debit Card to pay credit card bill?
Ans: It's finished as of now.
Que: Can I open multiple accounts with same number?
Ans: No, you can only open 1 account from 1 mobile number.
