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Frequently Asked Questions

Can I make premature withdrawal of my Recurring Deposit?

Yes, premature withdrawals are allowed, but partial withdrawals are not permitted.

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Can I close my Recurring Deposit online?

Yes, you can close your Recurring Deposit Online.

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Is it mandatory to have Savings Account with the bank in order to open Recurring Deposit?

Yes, Savings Account is a mandatory requirement to open Recurring Deposit with Kotak.

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What is an eligibility of Kotak Recurring Deposit?

Any individual resident (including Minor) & HUF can book recurring deposit with Kotak Bank.

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What are the interest rates of a Recurring Deposit?

Interest rates are same applicable for term deposits and can vary from time to time.

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