Kotak Bank "811 Super Savings Account" Benefits - Important Update 🚨 🚨

[yoloof]

Does anyone know if cash withdrawal outside india is charged fx fees/atm fees? There is some mention of a GST in MITC but the wording is very unclear.

I know that RBL Sig+ debit card is 0 forex only for pos/e-comm txns and charges 3.5% for cash withdrawal.

 

[OptiCard]

Does anyone know if cash withdrawal outside india is charged fx fees/atm fees? There is some mention of a GST in MITC but the wording is very unclear.

I know that RBL Sig+ debit card is 0 forex only for pos/e-comm txns and charges 3.5% for cash withdrawal.

You're correct. Forex change + GST you need to pay.

I suggest to hold the credit card or debit card with you that offers 0% forex markup.
If you want cash then better reach out to the websites to get better returns (use credit card and get the cash conversion from them).

 

[proletariat]

I have question with this super card , they say monthly FD of 5000rs to be deposited along with 399 annual charges - My question, what happens after an year do we still need to make 5k deposits? is there any milestone benfit for fee reversal? @6ix9ine

 

[hender]

I have question with this super card , they say monthly FD of 5000rs to be deposited along with 399 annual charges - My question, what happens after an year do we still need to make 5k deposits? is there any milestone benfit for fee reversal? @6ix9ine View attachment 104982

It's not FD, but deposit of 5k in a single transaction into the Kotak 811 saving account, to be eligible for cashback in super program, by spending after that as per TnC.

 

[proletariat]

It's not FD, but deposit of 5k in a single transaction into the Kotak 811 saving account, to be eligible for cashback in super program, by spending after that as per TnC.

that is evry month right? if we dont deposit 5k in a month we wont get 500rs cb benefit for that month right?

 

[hender]

that is evry month right? if we dont deposit 5k in a month we wont get 500rs cb benefit for that month right?

Yes, it's a first step 🪜, customer needs to deposit 5k in single transaction every month, second is to use that amount as per TnC.

Super Savings Account Terms and Conditions | Kotak 811

Read the 811 Super Savings Account terms and conditions to open a bank account. Get detailed information and resolve all account-opening-related queries.

www.kotak811.com

 

[Akshay Ajmera]

Seems that charges has increased from 299 to 399,
I am already using 811 super, but now it seems useless
5% on online transaction are common.
For offline I have hsbc live plus for dining, grocery
And for shopping roarbank is good. What else is there in this account for which I should continue

 

[6ix9ine]

what happens after an year do we still need to make 5k deposits?

After a year, they will ask for your consent on whether you would like to continue or not. If not, your account will be downgraded to the basic 811 plan, just like it was previously.

is there any milestone benfit for fee reversal? @6ix9ine

Bro, you can earn ₹6000 in cashback in a year, and here you are asking for a meagre ₹399 reversal? Also, this ₹399 is only once a year, not monthly.

View attachment 104982

Rest have been answered, if you still have more questions. Drop them.

 

[6ix9ine]

Seems that charges has increased from 299 to 399,
I am already using 811 super, but now it seems useless
5% on online transaction are common.
For offline I have hsbc live plus for dining, grocery
And for shopping roarbank is good. What else is there in this account for which I should continue

This is not for you then, you may discontinue it after an year.

 

[proletariat]

This is not for you then, you may discontinue it after an year.

I was mainly looking for fuel tx. spends , then came across this. my spends would be max5000rs on fuel monthly , is it better than the fuel cards with the hassle...

 

[proletariat]

After a year, they will ask for your consent on whether you would like to continue or not. If not, your account will be downgraded to the basic 811 plan, just like it was previously.


Bro, you can earn ₹6000 in cashback in a year, and here you are asking for a meagre ₹399 reversal? Also, this ₹399 is only once a year, not monthly.


Rest have been answered, if you still have more questions. Drop them.

I was talking about the 5k monthly amount , is this been put into a FD where we get interest or just like for AMB is it used? I alread have all cb cards , sbi , hsbc, airtel axis - fuel is only lacking...

 

[hender]

I was talking about the 5k monthly amount , is this been put into a FD where we get interest or just like for AMB is it used? I alread have all cb cards , sbi , hsbc, airtel axis - fuel is only lacking...

Into saving account - so is the interest

 

[6ix9ine]

I was mainly looking for fuel tx. spends , then came across this. my spends would be max5000rs on fuel monthly , is it better than the fuel cards with the hassle...

That answer is not for you, yet fuel cards generally yield 7%+ so here you will be getting 5% only. You should go for fuel CCs instead. TechnoFino has created a thread for top 3 fuel CCs, check that out.

 

[6ix9ine]

I was talking about the 5k monthly amount , is this been put into a FD where we get interest or just like for AMB is it used? I alread have all cb cards , sbi , hsbc, airtel axis - fuel is only lacking...

No, you just have to add 5000 into your account then you can instantly withdraw it, if you wish. That 5000 stays in your saving account.

There is no amb, it's a 0 balance account.

You can add using netbanking, upi, etc.

Basically, kotak wants a 5000+ credit entry, it can be of anything.

 

[proletariat]

That answer is not for you, yet fuel cards generally yield 7%+ so here you will be getting 5% only. You should go for fuel CCs instead. TechnoFino has created a thread for top 3 fuel CCs, check that out.

I am eyeing the idfc pp+ , since hpcl has more than 1000 ways to pay for fuel - seems like F U N. will try that.😆