Kotak Bank Fixed Deposit Rates

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Kotak Mahindra FD Rates - Check out the latest Kotak Bank Fixed Deposit interest Rates in India and ensure best returns on your investment. Click here to know the details of Kotak Bank FD rates 2021 including the tenure, eligibility, FAQs and select accordingly as per your needs. Low Minimum Deposit - You can start a fixed deposit of only ₹5000 on attractive Kotak FD interest rates with tenure options ranging from seven days to 10 years. Safe and assured - Kotak Mahindra bank offers a number of advantages ranging from assured returns to availing an overdraft facility against your fixed deposit depending on its. Kotak Mahindra Bank Tax Saving Fixed Deposit offers the investor the facility to earn a good return on interest as well as save tax. The minimum amount of deposit required is Rs. 100 and investors can. Tax Saving Fixed deposits - Open tax saving fixed deposits at Kotak Mahindra Bank and get high returns on the investments you make with the tax saving option available here. Click here to know more about the tax saving fixed deposit interest rates. Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank. As per Terms & Conditions of Fixed Deposit.

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

Rates

Penalty on delay in payment of RD installment

Kotak Bank Fixed Deposit Rates Refinance

  • 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.

Kotak Fd Interest


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Premature Withdrawal of RD

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  • 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