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Give your portfolio stability of returns and safety and liquidity. Invest in Kotak Bank Term Deposit. We offer attractive returns on term deposits and investing in them is really simple and convenient.
Features & Benefits
Ease and convenience of operation Not
a Kotak Bank customer and wish to apply for term deposit,
online?
For the first time in India, New To Bank customer can also
apply
online for term deposit.
If you are an existing customer, you can place a term deposit
through Phone Banking or Net Banking. What's more, you can
even renew this deposit by placing an instruction over phone.
Needless to mention, he can do all this and more by walking
across into any of our branches.
Liquidity through overdraft or sweep-in facility
Your deposit will be available to you should you
need them in case of an emergency. You can avail upto 85%
overdraft against your term by paying 2% above your deposit
rate. This facility is available for deposits above Rs.50,000
for a tenure of 181 days or more. You can also choose to link
your term deposit to your savings / current account, whereby
if need be, your term deposit will automatically be encashed
to meet your withdrawal requirement.
No penalty on pre-mature encashment In
case your term deposit is pre-maturely encashed, you will
earn interest at the rate prevailing on the date of deposit
for the withdrawn amount.
Nomination facility available You can
avail this facility for each & every account that you
open with us i.e. nominate different persons for different
term deposit accounts. You can choose to change the nominee
through a declaration in the appropriate form to revise the
nomination during the term of the deposit.
Incase you are availing the 2-Way-Sweep feature, nomination,
if any, made by you in respect of the savings / current account
for which you are availing this feature will be deemed to
be the nomination for any sweep TD created pursuant to the
ActivMoney feature availed by you.
Apply
Now
- If you are an existing customer of the Bank, log
on to your Net Banking account.
- If you are a new customer and wish to have more
information about our products click here to leave your name and contact details
- If you are a new customer and would like to apply
for a term deposit online, click
here to fill the online application form
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