At Kotak Mahindra Bank, we offer you attractive fixed deposit interest rates along with a range of terms to choose from, for you to achieve your money saving goals faster with more flexibility and security. Whether you want to save for a grand vacation or your child’s education, investing in a Kotak Mahindra Bank Fixed Deposit is a secure and effective way to transform all your dreams into fruition. Moreover, a comprehensive procedure leading to completion of your online application for opening a Fixed Deposits account with us has become easier than ever before!
What are the benefits of Fixed Deposits?
Fixed Deposit possesses a number of advantages over any other investment schemes that tags it as one of the safest investment options to opt for. When you avail a Fixed Deposit, you actually bag a number of perks such as:
- An assured return yielding product
- Depending on the tenure of your fixed deposit you may have the option to avail a Overdraft facility Against Fixed Deposit Flexible tenure options suiting your needs
- Hassle free online application to get started with your Fixed Deposit account in no time
- High Liquidity by opting for premature breaking of your fixed deposit with applicable penalty and subject to applicable terms and conditions
What is the Fixed Deposit Interest Rate?
The Fixed Deposit Interest Rate is an integral factor for calculation of maturity value and aggregate interest. The rate varies depending on the tenure. Check out the fixed deposit interest rates for further information.
How do I calculate my returns from Fixed Deposits?
The Kotak FD returns Calculator is the simplest way to calculate your returns in no time. It just takes the following inputs from you:
- TYPES OF INTEREST PAYOUT - You get to choose from 4 options – Cumulative, Quarterly Payout, Monthly Payout and Short Term FD
- DEPOSIT AMOUNT - How much amount you would wish to invest
- TENURE - After how long you would like to receive the matured amount
As soon as you fill in the above mentioned fields, the FD calculator displays to you the maturity amount, interest rate and aggregate interest value instantly! Get hands on with our easy-to-use online FD calculator and calculate your returns.
Who all are eligible to open a Fixed Deposit account?
At Kotak Mahindra Bank, our eligibility criteria is as flexible as it gets! Be it an Indian national or an NRI, a senior citizen or a member of HUF; you can invest in a Fixed Deposit with Kotak Mahindra Bank. FDs for minors too can be opened under guardianship.
What are the documents required to open a Fixed Deposit account?
The documentation required for opening a Fixed Deposit account with us is absolutely hassle-free. Just a few essentials – age, signature, address proof, photograph, a few more basic prerequisites, and you are good to go! If you already hold a Saving Account or Current account with Kotak Mahindra Bank, you may log on to your Netbanking or mobile banking and book a FD right away ! Could it be easier? No, we bet!
Have a Saving/ Current account? Book a FD NOW!!!!
Know the list of documents required for fixed deposit here.
