1. Zero Balance Savings Account
2. Earn up to 4% interest per annum
3. Free Virtual Debit Card loaded with offers
4. Digital banking with online support
5. No maintenance fees
Whom to sell?
1. Individuals of age 18 years and above
2. Resident Indian
3. Limited pincodes (check valid pincodes in Gromo app)
4. New customers only
5. Customers with Valid Aadhar & PAN cardsHow it works?
1. Watch the training video.
2. Share the link with everyone in your
network (friends/ customers)
3. Ask the customer to click on the shared link and complete Kotak 811 savings account opening process
4. Enter name, email id & phone number
5. Add PAN & Aadhar details. Provide consent to authenticate via aadhar and agree to terms & conditions
6. Enter OTP sent to mobile number linked with Aadhar
7. Enter personal details like occupation, source of income, yearly income, marital status etc. and click on 'Next
'8. Confirm communication address fetched from Aadhar card. You can fill a new address for full KYC OR select the same address as communication address
9. In case address is not serviceable, add a new address for communications
10. Add nominee (optional step). We recommend customers to add a nominee to their account
11. Read & confirm all self declarations
12. Setup 6 digit MPIN
13. Virtual debit card gets generated (note that process is not completed yet). Some customers might get option to get a credit card against a fixed deposit, click on 'Skip' or 'Claim card'
14. Click on 'Complete Full KYC'
15. Upload PAN card copy, selfie and signature photo. Accept terms and conditions
16. Allow location access
Keep original PAN, blank paper & pen handy to complete video KYC
- Allow permissions for microphone & video
- Answer questions asked by the bank executive correctly (customer to answer on their own without any prompting)
18. User to get account opening email from
Kotak
19. Your income will get credited in your linked bank account during the payout cycle.
Terms & Conditions
June Offer:
Earn an additional payout of 30 on every sale if the total number of sales in May is 4 & above
Additional Payouts will be processed in 1st week of July.
1. Applicable for only new Kotak customers
2. Video KYC is required to open "Kotak 811 Full KYC Account", otherwise no commission will be paid
3. Please check if the customer's pincode lies in the valid list of pincodes as provided by Kotak
4. If there is no Kotak branch within 12 kms of your current residential location then Kotak Lite account would be opened (no commissions for opening Kotak Lite account)
5. You can see Account Type under the
"Account Features" section
6. The customer must register with the mobile number linked to his Aadhaar card.
7. Payout on a weekly basis, case wise decisions would not be shared by the bank.
8. You are not allowed to charge anything from the customer. If found guilty, your account will get blocked and earnings will get frozen. GroMo might also apply a fine for any such instances.
Guidelines
June Offer:
Earn an additional payout of 30 on every sale if the total number of sales in May is 4 & above
Additional Payouts will be processed in 1st week of July.
The Following Guidelines need to be kept in mind at all times while opening Kotak 811 account-
1. Only those accounts will be considered for this which have a Kotak bank branch in the range of 12 Km. of the pin code they enter. Otherwise, the account that will be opened will be Kotak Lite Account and no payout will be given for that.
2. A call will be done to the customer by Kotak's team to confirm the details. Please make sure the customer picks up the call and verifies the details mentioned during opening of the account. This can be a random number since the team is working from home
3. The number used to register account should be the one linked with Aadhaar otherwise payout will not be given
4. Name entered will be as per the name mentioned on Aadhaar Card otherwise payout will not be given
5. Customer will get an option to choose KYC through online/offline method
2. A call will be done to the customer by Kotak's team to confirm the details. Please make sure the customer picks up the call and verifies the details mentioned during opening of the account. This can be a random number since the team is working from home
3. The number used to register account should be the one linked with Aadhaar otherwise payout will not be given
4. Name entered will be as per the name mentioned on Aadhaar Card otherwise payout will not be given
5. Customer will get an option to choose KYC through online/offline method
Online - Online Video KYC process
Offline - Visit the nearest branch
6. It is mandatory to do Video KYC/Offline KYC to open the account otherwise payout will not be given
7. Check if the customer's residential address pincode is serviceable before opening the Account. However, due to certain reasons, Kotak can also deny the customer within serviceable pincode basis their internal policies.
8. If the customer does not use your personalized link and goes directly to the Kotak website no payout will be given.
9. The entire account opening process should be completed in one go.
Frequently asked Questions
Q1. Do we get commissions if a person's address as on Aadhaar card address is in a non-serviceable area/pincode?
Q2. Do we get commissions if the phone number used is different from the phone number linked with Aadhaar card?
Q3. Can we open account for customer in same house but on different floors?
Q4. What are the charges for getting cheque book?
Q5. How can customers get a physical debit card?
Q6. Can customers get a credit card and what are the charges for the same?
Q7. Is there any limit of online transactions for NEFT, RTGS, IMPS etc?
A. There are no limits for NEFT and RTGS. If it is done through online medium then no charges will be levied
Q8. Can we open accounts at places where there is no Kotak branch?
A.
Yes, you can open a Kotak Lite account, but you will not be eligible for commission
Q9. Can we open an account using our phone on behalf of the customer?
A. No, you should avoid using your phone number to open Customer's account. You will not be eligible for commissions
Q10. Can we open Joint Accounts?
A.
Yes, joint accounts can be opened but you will not be eligible for commissions on it
Q11. Can we withdraw money using Virtual Debit Cards? A
A. No, Virtual debit cards cannot be used for withdrawal of money
Q12. Can we open an account without PAN Card?Q12. Can we open an account without PAN Card?
A.
Yes, but you will not be eligible for the commissions. PAN is required during the account opening process
Q13. Can we open more than 1 Account on the same address?
A.
Yes, more than 1 account can be opened with same address. Please ensure that other details such as Name, Phone Number etc. should be different
Q14. If the customer journey breaks A due to network error then how to proceed?
A. If a customer's journey is broken, we recommend you to open the link once again and start the process.
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