Recurring Deposit - Watch Your Money Grow - Kotak Mahindra Bank

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Frequently Asked Questions

What are the minimum and maximum tenures to open a bank RD?

The minimum and maximum duration to open a bank RD is 6 months and 120 months, respectively.

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What are eligibility criteria for Recurring Deposit?

Any residing Indian, including minors and HUF, can open a recurring deposit account with Kotak. However, it is mandatory to have a savings account with us.

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What are the documents required to open a Recurring Deposit Account?

To open a recurring deposit account with Kotak, first, you need to have a savings account from where the monthly payment will be deducted. 

You need not submit additional documents to open an RD if you have a savings account with us.

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What is the minimum amount required for opening a Recurring Deposit Account?

The minimum amount required to open a recurring deposit account with Kotak Mahindra is Rs. 100 per month for a tenure of up to 10 years.

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Where can I find the option to regularize RD on Net banking?

RD Regularize option is available under the Service Request tab on Net banking.

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