This article covers the fixed deposit scheme offered by Kotak Mahindra Bank for a 5-year tenure. Kotak group promises assured saving schemes and guaranteed returns for its investors. While considering any deposits/investments, you should have a thorough knowledge of the scheme. You can also ask the bank representatives or customer care service to know the details.
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
Kotak Mahindra Bank generally offers flexible eligibility criteria for its depositors. You may want to proceed with an FD account if any of the following points check out:
You also have the option to start tax-saving deposits with Kotak Mahindra Bank. The minimum booking period here is 5 years extending up to 10 years. In this scenario, the major talking points are saving tax & attaining attractive interests rather than growing money alone.
The following is the list of documents required if you are planning to open an FD account with Kotak:
Kindly note that the accepted documents to prove your identity, address & signature generally include the following:
Aadhaar Card |
Voter’s ID |
PAN Card |
Passport |
Driving License |
Utility Bill |
Bank Statement |
Updated Bank Account Passbook |
Some standard benefits offered by Kotak FD schemes are as follows:
Kotak Mahindra Bank offers an attractive fixed deposit scheme for your financial security needs. For this FD scheme, you can opt for a tenure of 5 years to equip with the corresponding interest rates.
For making an offline investment, you may connect with the relevant authorities. Visiting a Kotak Mahindra Bank branch may be your best option. Contacting authorized dealers will help you with an end-to-end deposit process.
For online procedures, here is how you can invest in Kotak Mahindra Bank FD:
You should be mindful of the terms & conditions for fixed deposit schemes mentioned in the bank details. Following the eligibility, the documentation is carried out in sync with the deposit opening procedure. Once the account runs active, you can deposit the principal amount and start earning interests.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
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