Worry about running out of funds? Choose Kotak Mahindra Bank FD schemes to save money for future expenses. Fixed Deposits are fixed-income saving options for the people who can deposit a fixed amount for a certain period and at an attractive rate of interest (ROI). Customers can ensure a safer platform to open FDs in Kotak Mahindra Bank.
Why People Opt to Invest in Kotak Bank Fixed Deposits?
If you have the zeal to boost your savings with a peace of mind, the Kotak fixed deposit investment best fits for you. The prospect of assured returns within a fixed term makes fixed deposits an appealing way of managing your medium and long-term goals.
Who doesn’t want attractive rates; and personalized responses to your own banking needs? Or, who assure you maximum growth for your hard-earned money? Kotak Bank covers all your needs with 100% customer-centric experience.
Attractive Benefits of KMB Fixed Deposits:
Grab huge benefits with a fixed deposit over any other investment schemes. Know what advantages the fixed deposit offers to a customer:
- Overdraft Facility:
Get an assured return yielding product with a tenure option that suits your needs.
- Easy Process:
Kotak offers a hassle-free online application process to make it easy to apply for a fixed deposit opening without visiting a bank. It takes less time for customers to open Kotak Fixed deposit schemes.
- Premature Breakup Option
Kotak offers high liquidity, by prematurely breaking your fixed deposit scheme, subject to the applicable penalty, and terms and conditions.
- Additional Benefits
Kotak Mahindra Bank’s Fixed Deposits lets you experience additional featured benefits such as tax saving plans, sweep-in facility, senior citizen plans, Monthly investment in RDs, and nomination services.
Kotak Mahindra Bank FD Interest Rates:
Depending upon various fixed deposit schemes offered by Kotak, the interest rates vary. Know the list of FDs interest rates to better understand the further process. The interest will be calculated for 365 days in a non-leap year and 366 days in a leap year.
- For NRE TDs less than 1 year – No interest
- For below 181 days of tenure – Simple interest
- Deposits of Rs. 5 cr. and above – Bank Discretion
Eligibility Criteria – Who Can Apply?
While applying for Fixed Deposits at Kotak Mahindra Bank, applicants should first consider the eligibility criteria.
- The applicant should be an Indian national or an NRI
- They can be a senior citizen or HUF member
- Minors also can apply under guardianship
Documents Required for Opening a Fixed Deposit Account?
If you are already a member holding Kotak Mahindra Bank, there is no need for documents to submit to open a fixed deposit scheme in the same bank. If you are a new customer of Kotak, just have a glance for essential documents to open a Fixed Deposit.
- Age/Identity Proof – PAN Card, Driving License, Passport, Voter’s ID, Aadhaar
- Address proof – Passport, Valid Driving License, Voter’s ID, Aadhaar, Utility Bill, and Bank Statement
- Signature Proof – Passport, Driving License, PAN Card
- Four Latest Passport Size Photographs