How to Invest in Kotak Bank FD?

There are several ways to create an Kotak Bank FD account, including offline, Internet Banking, and using a mobile app.

1. Internet Banking

To start an Kotak Bank FD account using internet banking, follow the procedures outlined below :

1. Login to your Kotak Bank NetBanking account.

2. Select the ‘Deposit Opening’ option from the ‘Online Term Deposit’ menu.

3. Read and thoroughly review all of the ‘Terms & Conditions’ before proceeding to fill out all of the required information.

4. Using a One-Time Password (OTP), authenticate the transaction.

5. The FD account will be opened after successful login. Its acknowledgement slip will also be accessible for download.

2. Mobile App – Kotak Bank App

To create an FD account using the Kotak Bank Mobile App, follow the procedures outlined below :

1. Sign in to the Kotak Bank App after downloading it.

2. To proceed, select the Term Deposits option.

3. Fill out all of the information, including personal information, nominee information, and maturity instructions.

4. Using a One-Time Password (OTP), authenticate the transaction.

5. The FD account will be opened after successful login. Its acknowledgement slip will also be accessible for download.

3. Offline Kotak Bank FD Opening

To open an Kotak Bank FD account offline follow the steps given:

1. Visit your local Kotak Bank branch.

2. Fill up the Kotak Bank FD application form and submit it together with all required papers and the deposit amount.

3. When the application is properly processed, the Kotak bank will provide an FD receipt.

Kotak Mahindra Bank is a well-known prominent private bank in India, with its headquarters in Mumbai, Maharashtra. Individuals, NRIs, and Senior Citizens can choose from a variety of fixed deposit options at Kotak Bank. You can place surplus cash with Kotak in a fixed deposit, also known as a term deposit, for a certain period and earn interest on the amount deposited. Compared to other banks in the financial services sector, the bank offers reasonable interest rates with tenure ranging from 7 days to 10 years.

Geeky Takeaways:

• Kotak Mahindra is a well-established private bank in India that offers various financial services including Fixed Deposits to its customers.
• The Fixed Deposit facility offered by Kotak Mahindra can be opted for a minimum of 7 days and 10 years as well.
• The FD carries benefits like tax savings, interest rate payments, loan availability against FD, and so on.
• Customers can avail of FD facilities at one click via Internet Banking and Kotak Mahindra Banking App if they already have an account with the same bank.