Q&A for Kotak 811 Savings Account

1. How do you initiate the process of opening a Kotak 811 Savings Account online?

a. Enter OTP
b. Click 'Open Now'
c. Input PAN details
d. Specify your Gender

Answer: b

2. What details are entered after receiving the OTP during the account creation process?

a. Address details
b. Aadhar number
c. Occupation type
d. Marital status

Answer: b

3. What is the next step after verifying Aadhar with OTP during account creation?

a. Specify Date of Birth

b. Enter Income Profile details
c. Confirm access to the phone number
d. Choose a nominee

Answer: c

4. What information is required for setting up the m-PIN?

a. Address details
b. Aadhar number
c. Mobile number
d. Desired m-PIN

Answer: d

5. How do you configure your Kotak 811 Savings Card for online use?

a. Click 'Proceed to m-PIN'

b. Complete Full KYC
c. Enable the toggle for online use
d. Enter OTP

Answer: c
6. What can you skip during the account creation process to make it hassle-free?

a. Verify Aadhar
b. Adding a nominee
c. Reading Terms and Conditions
d. Configuring the card

Answer: b

7. What is the purpose of completing Full KYC within 180 days of account opening?

a. To enable the m-PIN

b. To authorise your identity linked with the bank account
c. To skip the account creation process
d. To set up a physical debit card

Answer: b

8. What step follows setting up the m-PIN during the account creation process?

a. Choose a date for KYC verification

b. Proceed to account funding
c. Click 'Confirm m-PIN'
d. Configure the card

Answer: d

9. When should Full KYC be completed to authorize your identity linked with the bank account?

a. Within 30 days
b. Within 90 days
c. Within 180 days
d. Within 365 days

Answer: c

10. What is the last step after setting up the m-PIN and configuring the card?

a. Enable online use

b. Skip the account creation process
c. Click 'Proceed to m-PIN'
d. Get the final confirmation of account creation

Answer: d