• How to Open Kotak Mahindra Bank Fixed Deposit Online

    If you are a customer of Kotak Mahindra Bank, then you can open a Kotak Mahindra fixed deposit so that you can see your savings maximise over a period of time. Investing in FD is low-risk and returns are decent as well.

    However, you will need to be a customer of the bank in order to open an FD account. We will list down the ways through which you can open an FD account with the lender.

    How to open an FD account with Kotak Mahindra Bank

    Online

    • Visit the official website of Kotak Mahindra and login to the net banking portal using your customer id and password.
    • On the menu section, click on ‘Deposits’, under which click on ‘Fixed Deposit’.
    • You can enter the amount you wish to deposit, followed by the tenure.
    • Provide additional information and submit the necessary documents.
    • The bank will verify the details provided by you and if they are found to be correct, then they will allow you to open an FD account with them. You can then start depositing a said amount into your FD account on a monthly basis.

    Through mobile app

    • Download the Kotak Mahindra mobile app on your phone.
    • Log in using your login credentials.
    • On the menu section, click on ‘Deposits’, under which click on ‘Fixed Deposit’.
    • Provide details such as the deposit amount, tenure, etc.
    • Provide additional information and upload the necessary documents.
    • The lender will verify the information and if they are correct, then you can start depositing a certain amount on a monthly basis in your FD account.

    How to open an FD account with Kotak Mahindra Bank Offline

    You can visit the nearest Kotak Mahindra branch along with all the necessary documents. A representative from the bank will help you with the process of opening an FD account. Submit the documents along with the application form. If all the details provided are correct, then you can open an FD account with the bank.

    Frequently Asked Questions (FAQs)

    1. What are the various documents needed to open a fixed deposit account with Kotak Mahindra bank?

      To open a fixed deposit account, the bank will ask you to submit your address proof and identity proof. You can submit PAN card, Aadhar card, driving license, passport, and voter ID proof. For address proof you can submit Aadhar card, PAN card, driving license, utility bill, bank account passbook (updated and not more than 3 months old), and bank statement.

    2. What is the type of interest payout offered by Kotak Mahindra Bank for its fixed deposit scheme?

      You can choose from cumulative, quarterly, monthly, and short-term FD payout.

    3. Am I eligible to open a fixed deposit account with Kotak Mahindra Bank if i don’t have an existing account with the bank?

      Yes, both customers and non-customers of Kotak Mahindra Bank can open a fixed deposit account with the bank.

    4. Can a Kotak Mahindra Bank fixed deposit account be opened under a minor’s name?

      Yes, Kotak Mahindra Bank allows a fixed deposit account to be opened under a minor’s name under guardianship.

    5. What is the minimum amount needed to open a Kotak Mahindra FD?

      You will need a minimum amount of Rs.5,000 to open a fixed deposit account with the bank.

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