Tax Saving Deposits
Term Deposit with highly attractive interest ratesSave tax along with great returns over the investment in Kotak Mahindra Bank's Tax Saving Term Deposits. The regular Tax Saving products are available to all resident individuals, HUFs and Minors and the senior citizens' Tax Saving products are available to resident individuals above the age of 60 years.
Key Features
- Ease and convenience of operation
- Liquidity through overdraft or sweep-in facility
- No penalty on pre-mature encashment
- Nomination facility available
- Reap the benefits of Tax Saving on an amount between Rs. 100 to 100,000 in multiples of Rs. 100.
- Choose to receive interest quarterly or keep it invested till maturity.
- Tax Saving Deposit can be booked for min 5 year up to 10 year.
- Interest rates for Tax Saving TDs for general customers as well as senior citizen are applicable as per their normal schedule.
- Partial withdrawal / premature withdrawal are not allowed.
- TDS will be applicable as per existing guidelines.
- Nomination facility is available.
More Info
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 would like to apply for a term deposit online, click here to fill the online application form
- If you are a new customer and wish to have more information about our products click here to leave your name and contact details