I recently received a mail that if you open a saving account in this bank then you will 6% interest if balance in bank is between 1 Lakh to 1 Crore, 5% interest on balance below 1 lakh and 5.5% interest on balance above 1 crore.
I have a shop of confectionary & I use paytm there. I easily transfer money from paytm to this kotak mahindra 811 lite bank which is like a online bank for me.
Zero minimum balance is required in this kotak 811 facility bank. Even the representative of bank came to my home to take my finger print and it is proving good return as well.
So I am going to recommend this bank on the basis of 6% pa interest rate in saving account.
