Kotak Mahindra Bank launches #DreamDifferent – an ode to the young, aspiring.
Mumbai, November8, 2017: On the first anniversary of 8/11 - the day India changed, Kotak Mahindra Bank today announced the launch of #DreamDifferent – an ode to the young, aspiring, less-cash, digital, 811 generation of Indians who choose to pursue the road less taken. The Bank introduced a limited edition, specially designed 811 #DreamDifferent Debit Card to celebrate the dreamers and doers. The 811 #DreamDifferent physical debit card is designed for those who prefer to do everything cashfree from banking and payments to shopping. This special edition physical debit card depicts an aesthetic celebration of the 811 generation. The virtual debit card that comes free upon opening an 811 account will also embody the same design.
Ambuj Chandna, Sr.EVP & Head – Retail Liabilities, Investment & Payment Products, KotakMahindra Bank, said, “The idea behind 811 was to challenge conventionalbanking. #DreamDifferent is a desire to challenge the conventional ways ofdoing things. As we approach the first anniversary of 8th November 2016, we arelaunching a campaign to celebrate a generation of Indians across various walksof life who aspire to #DreamDifferent, live fearlessly and expand theirhorizons beyond the conventional and established norms. 811 changed the wayIndians bank by making the process to open a bank account seamless and simple.The #Dream Different debit card is another step to galvanise the 811 communityand enable them to take better control of their finances.”
“811 has revolutionisedthe process of opening a bank account by reducing the time taken to under 5minutes. We are seeing 811 accounts being opened across all hours of the day,including past midnight. What’s more, customers earn up to 6% p.a.interest rate on their savings account balances, which is 2.5% p.a. more thanwhat most other banks offer,” added Chandna. 811 is a unique full-servicedigital savings account that has been designed around the idea of simplicityand ease of use, enabling customers with Aadhaar and PAN numbers to open anaccount from anywhere, at any time, in under 5 minutes. Kotak is the first bankin India to integrate the Aadhaar-based OTP authentication process for accountopening on mobile. 811 offers a zero-balance savings account with zero chargeson all digital transactions, where customers can earn up to 6% p.a. on theirsavings account balances.