How can I withdraw my Fixed Deposit

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If you want to receive full benefits, it is best not to withdraw the Deposit until its term is complete. However, if you have to do this, here are the methods:

1) On Mobile Banking

1. Go to Banking

2. Fixed/Recurring Deposits

3. Premature Withdrawal

2) On Net Banking

1. Go to Investment -> Deposit

2. Select Premature Withdrawal of Deposit.

With this method, the amount will be credited to your account instantly.

2) Place a request at your nearest Kotak Branch.

With this method, the amount will be credited to your account within 24-48 hours.

Important: Penal Charge on Pre-mature withdrawal of Fixed Deposits (Domestic / NRO / NRE) with effective from 20th May, 2022

Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank.
As per Terms & Conditions of Fixed Deposit Accounts of the Bank, the penal charge on premature closure of Fixed Deposits including partial closure has been fixed by the bank as below on Fixed Deposits booked/ renewed on or after 20th May, 2022.

Tenure of Fixed Deposit	Penalty
Less than equal to 180 days	Nil
Greater than 180 days to less than or equal to 364 days	0.50%
Greater than or equal to 365 days	1.00%

Please note: In case of premature closure of Fixed deposit within 7 days from date of it's booked, no interest shall be paid and only principal amount will be returned.

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How can I withdraw my Fixed Deposit?