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.

TAX SAVING

  • 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

REGULAR

  • 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

SENIOR CITIZEN

  • 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

RECURRING

  • 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  • Only an exact amount required to make up for the deficit in the account is withdrawn from your Term Deposit in the units of Rs. 1/-, thereby giving you the convenience of getting payments processed with ease ensuring complete peace of mind

ACE

  • 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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