A small investment every month can get you one step closer to your dreams.
Be it an article you were reading, a product you were exploring or a journey you left unfinished, starting from where you left off is simpler than you can imagine. Just register for ‘Everything Me’ using any of your social media accounts and you are all set.
Please note, this is a soft login and no personal financial data will be saved here for security reasons.
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The Kotak Recurring Deposit is designed for you to achieve your goals on your own terms. This deposit gives you the freedom to choose a Term & Amount you wish to invest every month and earn Guaranteed Return at applicable interest rate. Make the smart choice and maximize your returns from your savings now.
Save a significant amount by making
smaller investments every month
Enjoy easy payment options
from your Savings Account
Recurring Deposit helps you fulfil
your child’s educational dreams
Recurring Deposit helps in
Recurring Deposit helps to
Save for Annual payment towards
Insurance Premium/ Taxation
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Disclaimer : Interest rates applicable are the same as that for Term Deposits, and are subject to change from time to time. Senior Citizens earn an additional 0.50%. Maturity amounts have been rounded off to the nearest rupee.
Note: Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the bank.
*Recurring Deposit Advice will be dispatched to your registered mailing address with the bank within 3 - 4 working days of opening the RD account
Not available for Non Resident Indians / Persons Of Indian Origin
In case of delay in payment of any installment post grace period of 5 days, penal interest at the rate of RD interest rate (contracted rate of interest at the time of booking of the RD) + 2% p.a. or such other rate as may be specified by Bank from time to time, will be charged for the month of delay.
Fraction of a month will be treated as full month for the purpose of calculating such interest.
Even if the payment for the month is honoured, but the standing instruction towards installment recovery has failed, the Bank will recover a standing instruction failure charge from the current / savings bank account as per General Features and Schedule of Charges (GFSC)
The total penal interest chargeable shall be recovered from the total amount of interest payable by the bank and shall be recovered only at the time of maturity or premature closure of the account as the case may be.
In case of premature closure of this deposit within a month, no interest shall be paid and only principal amount will be returned.
On premature withdrawal of RD. The interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit remained with the bank or at the contracted rate, whichever is lower post deducting penal charge of 0.5% on premature withdrawal of deposit
RD Regularize option is available under the Service Request tab on net banking.
You can regularize the RD online through Kotak Net Banking or by visiting nearest Kotak Mahindra bank branch.
No, the SI will hit the account every month on the date of 1st installment debit.
SI will hit the same date every month.
Yes, PAN is mandatory to book RD, else TDS will apply as per IT Rules.
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