The Kotak Mahindra Senior Citizen Fixed Deposit is designed to facilitate senior citizens with maximum returns on their savings. That’s why, this deposit offers special rates for all Resident Indian Individuals over the age of 60.
Attractive interest rates
Make a deposit of as low as
7 days to 10 years
Choose to receive interest monthly,
quarterly or keep it invested till maturity
Kotak Bank customers can Book
Fixed Deposits online through Net Banking
of Fixed Deposit is permitted
Nomination facility is available
Liquidity through sweep-in facility
Flexibility to keep your
financial portfolio diversified
Avail Overdraft facility
against Fixed Deposit
Disclaimers: For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as Simple Interest.
For monthly pay-out Fixed Deposit, minimum tenure is 181 days and interest payout will be discounted based on the prevailing rates.
Access our online FD calculator and enter the amount and fixed interest rate offered to you. You will get the results within seconds.
The interest rate for fixed deposits with Kotak Bank varies with maturity period, deposit amount, type of depositor, etc. For instance, the rates are higher for senior citizens compared to residing Indians under the age of 60 years.
At Kotak, you can start a fixed deposit with a minimum amount of Rs. 5,000.There isn’t any maximum limit for the fixed deposit amount.
Yes, we have an option for premature withdrawal from fixed deposit accounts in select cases.
TDS is deducted every time the Bank pays/re-invests interest during the financial year. TDS is also deducted on unpaid interest accrued at the end of financial year viz. 31st March.
So if you too have been pushing retirement planning for tomorrow, you are likely to find your excuse in this list.