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.
Through mobile app
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.
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.
You can choose from cumulative, quarterly, monthly, and short-term FD payout.
Yes, both customers and non-customers of Kotak Mahindra Bank can open a fixed deposit account with the bank.
Yes, Kotak Mahindra Bank allows a fixed deposit account to be opened under a minor’s name under guardianship.
You will need a minimum amount of Rs.5,000 to open a fixed deposit account with the bank.
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