Term Deposits

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Term deposits are a type of investment that pays back interest. These are basically a type of savings account where your money is invested for a fixed period of time and you get a fixed rate of interest over that time period.

Kotak Bank offers several term deposit schemes for various durations. Our offers include simple reinvestment term deposits at attractive interest rates. These accounts can be opened with an investment as low as Rs. 10,000.

Types of term deposits offered

Tax Saving Term Deposit

  • Save tax and also get great returns over your investment at Kotak Mahindra Bank's tax saving term deposits.
  • Save tax under section 80C on an amount between Rs 100 to Rs 1.5 lakhs

Regular Term Deposit

  • With regular term deposit you can decide the date when you want to collect the interest on your principal money
  • One of the benefits here is the attractive term deposit interest rates that we offer

Senior Citizen Term Deposits

  • Attractive term deposit interest rates for senior citizens facilitate maximum returns on term deposits
  • Benefits can be availed by residents of India above 60 years of age

Recurring Deposit

  • Open a recurring deposit account and inculcate the habit of saving every month
  • A small amount saved every month can tally up to a significant amount on account maturity


  • Choose to receive interest quarterly, or keep it invested till maturity
  • Save tax Under Sec 80C on an amount between Rs.100 to Rs. 1.5 lakh
  • Booking period - minimum 5 years to maximum 10 years


  • Attractive interest rates
  • Make a deposit of as low as Rs. 10,000/- ( Rs. 25,000/- for new customer)
  • Booking period - 7 days to 10 years1


  • Attractive interest rates
  • Make a deposit of as low as Rs. 10,000/- ( Rs. 25,000/- for new customer)
  • Booking period - 7 days to 10 years1


  • Make savings a habit with monthly investment amounts as low as Rs. 100/-
  • Enjoy easy payment options from your Savings Account

Sweep-In Facility

  • Enjoy liquidity by linking your Term Deposit to Savings Account or Current Account
  • Earn applicable interest on the money till it is swept-in the account, while the remaining Term Deposit amount will fetch you interest of Term Deposit at the contracted rate
  • Only an exact amount required to make up for the deficit in the account is withdrawn from your Term Deposit in the units of Rs. 1/-, thereby giving you the convenience of getting payments processed with ease ensuring complete peace of mind


  • Attractive interest rates
  • Protection of Principal: Ensures safety of principal amount of Term Deposit
  • Potential of Higher Returns: Interest from term deposit is invested in equity mutual fund thus having potential of earning higher returns
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