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Frequently Asked Questions

Can I apply online?

No, it is not available through online medium.

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What are the documentations required?

Following are the list of documents:-

  • Account Opening Form / Term Deposit Form to book FCNR deposit
  • Forward Cover Form

The above forms need to be duly filled and signed by the respective term deposit holder.

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Are there any charges for booking?

No, there are no charges on booking of Rupee Advantage Plan.

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How would the Maturity proceeds of RAP be payable?

Maturity proceeds of RAP would be payable in Rs. and will be credited to Customers’ NRE account with Kotak Mahindra Bank Limited Only.

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How does the RAP work?

  • The money is invested in USD/GBP/EURO/JPY/AUD/CAD and CHF denominated FCNR deposit.
  • This FCNR deposit earns interest as per prevailing 1 year 1 day upto 5 years, FCNR interest rates.

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