Zero balance digital account with a number not linked to Aadhar

[dpandey]

Hi Everyone,

I am looking for a zero balance account for upi on my secondary number (don't care about any other feature/interest rates etc). The phone is mostly switched off (with call forwarding), and is used only when I travel.

I read somewhere that zero balance accounts only work with the aadhar linked number. Is it true?

Would love to hear from anyone who is using such an account. I was considering kotak 811.

Thanks

 

[Saaz]

Hi Everyone,

I am looking for a zero balance account for upi on my secondary number (don't care about any other feature/interest rates etc). The phone is mostly switched off (with call forwarding), and is used only when I travel.

I read somewhere that zero balance accounts only work with the aadhar linked number. Is it true?

Would love to hear from anyone who is using such an account. I was considering kotak 811.

Thanks

Well, I don't know if that's possible but I think you won't be able to open an 811 account.
RBI has stopped kotak from onboarding customer's online

 

[honest1]

Hi Everyone,

I am looking for a zero balance account for upi on my secondary number (don't care about any other feature/interest rates etc). The phone is mostly switched off (with call forwarding), and is used only when I travel.

I read somewhere that zero balance accounts only work with the aadhar linked number. Is it true?

Would love to hear from anyone who is using such an account. I was considering kotak 811.

Thanks

For online accounts, KYC is done through Aadhar number and for it, you should have the same mobile which is registered with Aadhar.

 

[prime]

Open account with primary number. Once opened and all set, change the mobile number to your secondary number after a week?

 

[EHH]

Hi Everyone,

I am looking for a zero balance account for upi on my secondary number (don't care about any other feature/interest rates etc). The phone is mostly switched off (with call forwarding), and is used only when I travel.

I read somewhere that zero balance accounts only work with the aadhar linked number. Is it true?

Would love to hear from anyone who is using such an account. I was considering kotak 811.

Thanks

have non-aadhaar zero balance SB but I have FD with them.

 

[dpandey]

Well, I don't know if that's possible but I think you won't be able to open an 811 account.
RBI has stopped kotak from onboarding customer's online

I had heard about that. But they still seem to be offering similar products (they have added the word 'saving' in the name). No more 'limited KYC' or 'lite'.

What they offered earlier:

Kotak 811 Digital Bank Account Variants | Zero Balance Savings Account - Kotak Mahindra Bank

811 digital bank account is a zero balance account that can be opened online instantly at Kotak Mahindra Bank. 811 digital bank account offers savings account with innumerable benefits. Click here to know the different variants for 811 digital bank account.

www.kotak.com

What they offer now:

Kotak811 - Open Savings Account in 3 Mins & Get Credit, Debit Card

Kotak811 is a digital one app bank, opens zero balance savings account in 3 min with Video KYC. Get upto 7%* Interest p.a. with ActivMoney, Credit & Debit card.

www.kotak811.com

Open account with primary number. Once opened and all set, change the mobile number to your secondary number after a week?

That is the plan. I was worried just in case they don't let me change my mobile number.

have non-aadhaar zero balance SB but I have FD with them.

Did they ask you to open the FD to make it zero balance. Most banks will allow zero balance if you open an FD (e.g. in HDFC, you have to open a 100k FD if the minimum balance req is 10k).

 

[EHH]

I had heard about that. But they still seem to be offering similar products (they have added the word 'saving' in the name). No more 'limited KYC' or 'lite'.

What they offered earlier:

Kotak 811 Digital Bank Account Variants | Zero Balance Savings Account - Kotak Mahindra Bank

811 digital bank account is a zero balance account that can be opened online instantly at Kotak Mahindra Bank. 811 digital bank account offers savings account with innumerable benefits. Click here to know the different variants for 811 digital bank account.

www.kotak.com

What they offer now:

Kotak811 - Open Savings Account in 3 Mins & Get Credit, Debit Card

Kotak811 is a digital one app bank, opens zero balance savings account in 3 min with Video KYC. Get upto 7%* Interest p.a. with ActivMoney, Credit & Debit card.

www.kotak811.com

That is the plan. I was worried just in case they don't let me change my mobile number.


Did they ask you to open the FD to make it zero balance. Most banks will allow zero balance if you open an FD (e.g. in HDFC, you have to open a 100k FD if the minimum balance req is 10k).

I asked to open FD, they offered zero balance SB a/c along with FD.
So, in a way yes.