Kotak Mahindra Bank has announced a limited edition, specially designed physical debit card. The 811 Dream Different physical debit card is designed for those who prefer to do everything cash-free from banking and payments to shopping, the private sector bank said in a press release dated November 6, 2017.
"As we approach the first anniversary of 8th November 2016, we are launching a campaign to celebrate a generation of Indians across various walks of life who aspire to #DreamDifferent, live fearlessly and expand their horizons beyond the conventional and established norms. 811 changed the way Indians bank by making the process to open a bank account seamless and simple," said Ambuj Chandna, senior EVP & head-retail liabilities, investment and payment products at Kotak Mahindra Bank.
"811 has revolutionised the process of opening a bank account by reducing the time taken to under 5 minutes. We are seeing 811 accounts being opened across all hours of the day, including past midnight. What's more, customers earn up to 6 per cent p.a. interest rate on their savings account balances, which is 2.5 per cent p.a. more than what most other banks offer," Mr Chandna further said.
811 is a full-service digital savings account that customers with Aadhaar and PAN numbers can open from anywhere, at any time, in under 5 minutes, the bank added.
The virtual debit card that comes free upon opening an 811 account will also embody the same design, according to Kotak Mahindra Bank.
