Fixed Deposit

A fixed deposit is a secured and convenient investment option for instrument wherefrom investors to earn assured returns against a fixed rate of interest. Fixed deposit accompanies a higher interest yield compared to a savings account, and therefore, the money grows at an accelerated rate throughout the tenure. Since FDs assure fixed returns after maturity, you can fulfill any short or long-term financial goal without investment risks.

The depositor needs to open a fixed deposit account with at least a minimum amount for Fixed Deposit, which is Rs. 5,000 for Kotak Mahindra Bank. The amount remains fixed for a pre-determined time period against the promise of a specific interest rate.

There are multiple interest withdrawal options for a fixed deposit. With Kotak Mahindra Bank, you choose among cumulative, monthly, or quarterly pay-out options of the FD interest amount.

We also allow depositors to withdraw fixed deposit funds partially or prematurely, ensuring better flexibility of fund usage.

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

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.

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.

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. 

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.