New Kotak811 Super Account Lets You Save, Borrow and Spend in One Place

The digital banking platform of Kotak Mahindra Bank, Kotak811, has introduced a new '3-in-1 Super Account' in collaboration with the fintech partner super.money. The special account combines the digital experiences of a savings account, fixed deposit (FD), and a secured co-branded credit card into one.

The Super Account is for those who want to bank without any hassle and with no paper. Users can do everything—save, spend, borrow, and earn—through one app. The secured credit card that comes with a fixed deposit activates the UPI payment option and the income proof requirement is bypassed. It also gives rewards on every spend.

It is very simple to get going: to open the account and to set the spending limit of the attached card, a minimum deposit of Rs 1,000 is required. The product is perfect for first-time credit users, students, and employees who want easy-going digital banking without employing extra paperwork.

Kotak811 claims that this complete package connects the convenience of digital banking with the security of traditional savings and credit, thus enabling the consumers to manage their finances in a smart way and get rewards even on the daily transactions.

Kotak811's official site and the super.money app have already deployed the super 3-in-1 account, which allows customers to manage their money at any place and time as per their convenience.