What are the minimum and maximum tenures to open a bank RD?
The minimum and maximum duration to open a bank RD is 6 months and 120 months, respectively.
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What are eligibility criteria for Recurring Deposit?
Any residing Indian, including minors and HUF, can open a recurring deposit account with Kotak. However, it is mandatory to have a savings account with us.
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What are the documents required to open a Recurring Deposit Account?
To open a recurring deposit account with Kotak, first, you need to have a savings account from where the monthly payment will be deducted.
You need not submit additional documents to open an RD if you have a savings account with us.
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What is the minimum amount required for opening a Recurring Deposit Account?
The minimum amount required to open a recurring deposit account with Kotak Mahindra is Rs. 100 per month for a tenure of up to 10 years.
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Where can I find the option to regularize RD on Net banking?
RD Regularize option is available under the Service Request tab on Net banking.
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