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Kotak811 Offers A Faster Way to Open a Bank Account With Interest Earnings Up To 7% P.A.

NEW DELHI and MUMBAI, India, April 3, 2024 /PRNewswire/ — The way people go about personal banking is undergoing a seashift in India, and exciting new products are entering the market all the time. Customers want speed, simplicity, and convenience when it comes to their finances, which they’ll invariably do through a savings account. Neo-banking platforms like Kotak811 are doing their bit to facilitate this with products like the Kotak811 Digital Savings Account.  

A simple online account opening in just 3 minutes, no minimum balance requirements, earning up to 7% interest p.a. on savings with ActivMoney, and much more. 

3 Minute Account Opening

Opening a bank account online with Kotak811 takes just 3 minutes from wherever, whenever. No physical paperwork or visits to a bank branch required, The Savings Account documents required are just an Aadhaar and PAN Card.

Follow simple steps:

  • Download the Kotak811 Banking App from the app store
  • Register on the app using an active mobile number and verify it with an OTP. If you’re an existing Kotak811 customer, simply log in with existing credentials.
  • Select ‘811 Digital Savings Account’ and then ‘Apply Now’ section and select the ‘811 Digital Savings Account’ option.
  • Fill in Personal Details: Enter personal details as required, including name, date of birth, address, and Aadhaar/PAN details.
  • Complete Video KYC: Follow the instructions to complete the Video KYC process. Applicants will need to show their Aadhaar card and PAN card during this process for verification purposes.

Upon activation, customers will get a virtual debit card linked to their Kotak811 account ready to go. This card can be used for online transactions immediately.

Account holders can start using their Kotak811 Digital Savings Account for various banking transactions, including deposits, withdrawals, bill payments, and more, all from the convenience of a smartphone.

Zero Balance, Maximum Benefits

One of the standout features of Kotak811 is its zero balance requirement. Traditional banks often mandate a minimum balance, penalising customers who might not maintain it consistently. Kotak811 eliminates this hurdle, and ensures customers’ money works smarter for them without any strings attached. Whether a seasoned saver or just starting a financial journey, the freedom from minimum balance constraints is a big plus.

Earn up to 7% Interest p.a.

Interest rates on savings accounts often hover around the 2-3% mark, providing nominal returns that cannot keep pace with today’s inflation. Kotak811 disrupts this norm by offering an impressive interest rate of up to 7% with its ActivMoney feature. This higher rate ensures money not only stays secure but also grows at a pace that outpaces many traditional savings options.

Flexible deposits can be automatically moved into the savings account without any commitment to a lock-in period. This is done to cover any shortfall of funds. Excess funds that exceed the limit of ₹25,000 are directed appropriately. Kotak811’s ActivMoney facility ensures optimal utilisation of funds by booking them in multiples of ₹5,000. Once the amount of ActivMoney is transferred, the interest gets credited every 180 days, maximising the earning potential.

Secured Credit Cards and Fixed Deposits

Kotak811 goes beyond the limits of a traditional savings account by offering additional financial tools such as secured credit cards and fixed deposits. The secured credit card, backed by a Fixed Deposit (FD), serves as a bridge for individuals with no employment or credit history. This inclusive approach opens the door for a broader audience to step into the world of formal credit card usage. As customers use these facilities responsibly, they simultaneously build a positive credit history, unlocking more significant financial opportunities in the future.

24/7 Banking at Your Fingertips

Kotak811 embraces the digital age with its commitment to 24/7 banking. Manage finances, check balances, and conduct transactions anytime, anywhere. The unified Kotak app ensures that banking needs are met with a few taps on a smartphone, bringing unparalleled convenience to financial management.

A Seismic Shift in Banking

If customers are searching for a no-fuss savings account that combines simplicity, high-interest returns, and additional financial tools, Kotak811 stands out as a great choice. The easy account opening, zero balance requirements, high interest rates, and the inclusion of secured credit cards and fixed deposits make it a holistic solution for modern banking needs. Embrace the future of banking with Kotak811, where financial flexibility is not just a promise but a tangible reality. 

About Kotak811

When 8th November 2016 changed the way India transacted forever, Kotak811 was conceptualized to simplify banking and make it fully accessible online. Kotak811 was launched on 29th March 2017. As one of India’s first full service, truly digital banks, it offers customers a simple and convenient way to open a savings account and transact digitally using 180+ features on its Kotak811 Mobile Banking app, from home or on the move.

On 29th March 2022, Kotak811 presented itself as a bank within a bank, adopting a fresh and new brand identity with ‘digital at its core. As a brand ethos, Kotak811 continuously inquires into India’s banking challenges, innovates to bridge these gaps, and inspires Indians to adopt a way of banking that lets them take full control.

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Reliance Digital Introduces High-Performance iQOO 15R to its Nationwide Store Network

MUMBAI, India, March 11, 2026 /PRNewswire/ — Reliance Digital announces the offline retail availability of iQOO, the high-performance smartphone brand built for today’s youth and tech-forward consumers. Following strong traction in online channels, iQOO is now extending its presence into physical retail, allowing customers to experience and purchase its devices first-hand at Reliance Digital stores across India.

Known for pushing the boundaries of speed, and power, the iQOO 15R is powered by the Snapdragon 8 Gen 5, delivering exceptional speed, responsiveness, and sustained performance throughout the day. It packs iQOO’s biggest battery yet in an ultra-slim 7.90mm design, making it India’s slimmest smartphone with a 7600 mAh battery.

The device features a 6.5K IceCore VC Cooling Chamber for stable performance and runs on OriginOS 6.0 based on Android 16 out of the box, supported by 4 years of software updates and 6 years of security updates. It is also equipped with a Sony LYT-700V OIS camera, a 1.5K 144Hz AMOLED EyeCare display, and IP68 & IP69 dust and water resistance, making it a dependable daily partner for professionals on the go.

The brand’s offline expansion marks an important step in deepening consumer engagement by offering hands-on access to its devices, enabling customers to explore iQOO’s powerful performance, advanced display technology, and flagship-grade camera capabilities in a real-world retail environment.

The availability of iQOO at Reliance Digital brings together two brands driven by innovation and consumer experience. While iQOO continues to build its reputation as a performance-led smartphone brand, Reliance Digital strengthens its portfolio by offering customers access to cutting-edge technology brands through its extensive nationwide retail network.

Through engaging in-store experiences, knowledgeable staff, and immersive product demonstrations, Reliance Digital aims to help consumers better understand iQOO’s performance-first DNA. This move further reinforces Reliance Digital’s commitment to staying ahead of evolving consumer preferences and serving as a preferred destination for discovering new-age technology.

With this expansion, Reliance Digital continues to play a key role in shaping India’s consumer electronics landscape by bringing future-ready brands closer to customers, while enabling smartphone brands like iQOO to build stronger connections with a growing, performance-driven audience.

The all new iQOO 15R is now available at Reliance Digital stores nationwide.

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Kotak Alts announces winner of the inaugural Katalyst Awards

Ms Himani Choudhary named Katalyst for the year – India’s Best Financial Content Creator; wins Rs. 25 Lakhs

MUMBAI, India, March 10, 2026 /PRNewswire/ — Kotak Katalyst Awards, a national initiative instituted to recognise excellence and responsibility in financial content creation has announced the winner of its first Katalyst edition. Kotak Alternate Asset Managers Limited (“Kotak Alts”) today announced Himani Choudhary as the winner. The winner was awarded a prize of INR 25 Lakhs, positioning Katalyst among the most meaningful recognitions for financial content creators in India.

Srini Sriniwasan, Managing Director, Kotak Alts, said, “The Kotak Alts Katalyst Awards were instituted to recognize content creators who are contributing meaningfully to financial literacy in India. As investor participation deepens, audiences are seeking clarity, context, and credibility. The response from creators was overwhelming and points to the new generation of financial educators.  As the inaugural winner Ms. Himani Chaudhary, exemplifies the standard of financial communication that Katalyst seeks to encourage.”

The first edition of the Kotak Alts Katalyst Awards received over six hundred entries from across 19 states and in 8 languages, reflecting the growing role of digital creators in shaping financial awareness. Conceived in response to increasing clutter and misinformation in the financial ecosystem, Katalyst is designed to recognize creators who place accuracy, transparency, and investor interest at the core of their work.

The winning content, ‘Personal Finance & Major Finance Updates’ by Himani Choudhary, was recognised for its clarity, originality, and credibility. The jury noted the content’s ability to explain complex financial concepts in a clear and measured manner, supported by strong research and a consistent focus on investor education over virality.

To ensure a robust and transparent evaluation process, the awards framework was designed and audited by EY. The top thirty entries were assessed by an academic jury.

The top 10 finalists were subsequently evaluated by a grand jury comprising Kunal Shah, Founder and CEO of CRED; Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund; and Alpesh Shah, Managing Director and Senior Partner at Boston Consulting Group, and chaired by Ananth Narayan, former Whole–Time Member of SEBI with extensive capital markets and regulatory experience.

The Katalyst Awards recognise financial content creators who priorities financial literacy, substance, and long–term investor interest. Through this initiative, Kotak Alts aims to encourage responsible financial communication and support the development of informed and confident investors across India.

About Kotak Alternate Asset Managers Ltd: Kotak Alternate Asset Managers Limited (‘Kotak Alts’), a part of Kotak Mahindra Group (‘Kotak’), focuses on Alternate Asset Management and Investment Advisory businesses. Kotak Alts was set up in early 2005 and has raised, managed, and advised over USD 22 billion across different asset classes, including Private Equity, Real Estate, Infrastructure, Special Situations, Private Credit, and Investment Advisory. The asset management business and investment advisory vertical are managed by independent specialist teams. For more information, visit https://www.kotakalternateasset.com/

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Paperpal for Life Sciences Establishes HIPAA Readiness, Strengthening Enterprise Adoption of AI in Regulated Medical and Scientific Writing Workflows

MUMBAI, India, March 10, 2026 /PRNewswire/ — Paperpal for Life Sciences, an enterprise-grade Artificial Intelligence (AI) platform by Cactus Communications, purpose-built for Medical Affairs and Life Sciences organizations, announced the completion of an assessment evaluating its operational and technical safeguards to support Health Insurance Portability and Accountability Act (HIPAA) requirements. This milestone reinforces Paperpal’s commitment to meeting the rigorous standards of security, data protection, and regulatory readiness required for regulated scientific workflows.

Growing AI use in medical affairs writing and publication workflows is intensifying scrutiny on data privacy, governance, and regulatory accountability. To support these evolving needs, Paperpal for Life Sciences has undertaken an assessment of its systems and processes to evaluate readiness to support HIPAA compliance, where applicable, and now proudly offers the option to execute a Business Associate Agreement (BAA) for Protected Health Information (PHI) and Personally Identifiable Information (PII). This offering gives customers the confidence that PHI or PII, if received, is handled securely and responsibly, in line with regulatory expectations and enterprise risk management practices.

Paperpal for Life Sciences provides AI writing, literature search, source-grounded summarization with citation support, and critical publication checks, powering medical affairs content creation under stringent data privacy and governance controls. The platform accelerates research-to-publication timelines by upto 25%, supporting faster dissemination of clinical evidence and earlier commercialization of new drugs and therapies.

Nishchay Shah, Group CTO and EVP, Products and AI at Cactus Communications, said, “As AI becomes foundational to regulated scientific and medical workflows, compliance and trust are no longer optional. Paperpal for Life Sciences’ HIPAA readiness measures reflect our secure-by-design approach to AI, strong data governance framework, and alignment with real-world enterprise and regulatory requirements. This milestone enables organizations to adopt AI at scale with confidence that their data, processes, and compliance obligations are protected .”

Elvira Dsouza, President, Cactus Life Sciences, added, “Medical Affairs and Life Sciences teams operate in highly regulated environments where scientific rigor, data privacy, and compliance are non-negotiable. HIPAA readiness positions Paperpal for Life Sciences as a trusted AI partner, one that enables organizations to accelerate evidence generation and scientific communication without compromising regulatory integrity .”

With this announcement, Paperpal for Life Sciences reinforces its position as a purpose-built, enterprise-ready AI platform for medical affairs content generation that supports innovation while meeting the highest standards of privacy, ethics, and regulatory compliance.

Media Contact:

Nidhi Amin

nidhi.amin@cactusglobal.com 

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