Kotak Mahindra Bank RD Calculator & Kotak Mahindra Bank RD Installment Calculator which provides the exact and accurate values are provided on our site. Entire details about the Kotak Mahindra Bank Recurring Deposit Calculator and Kotak Mahindra Bank Ltd RD Interest rates for the Senior Citizens, General are mentioned in this article. Check the complete details of the Kotak Mahindra bank recurring deposit bank Online like the Kotak Mahindra Bank Online Banking for RD, Mahindra Kotak bank RD account opening, Kotak Mahindra bank recurring deposit schemes, etc.
Kotak Mahindra Bank RD Calculator
Kotak Recurring Deposit is a type of term deposit scheme by which you can save small amounts of money every month regularly. The Kotak Mahindra Bank offers the best Recurring Deposit offers. So, if you are interested in opening the RD account in Kotak Mahindra Bank you need a calculator to check the Installment amounts. Recurring Deposit Calculator Kotak Mahindra Bank helps you to calculate how much you have to save every month to achieve your planned RD maturity amount. Hence on our site, we have provided the Kotak Mahindra recurring deposit calculator for calculating the maturity amount and the Kotak RD installment amount per month. Therefore, you can make use of the RD calculator to check the Kotak Mahindra RD maturity amount within few seconds.
The RD calculator of Kotak Mahindra Bank is also available on the Kotak Mahindra official website. Details of Best Kotak Mahindra Bank Recurring Deposit Rate in India. Check the details of Best Kotak Mahindra Bank Recurring Deposit Scheme in India and Interest Rate in the below sections of this page.
How To Use Kotak Mahindra Bank RD Calculator?
- Click on the link below.
- Then, a new window opens with the Recurring deposit calculator.
- Now, you have to enter the following details in the space provided.
- Interest Rates.
- Click “Calculate.”
- Within few seconds Maturity amount is calculated on the Kotak Mahindra Bank RD Calculator.
Kotak Mahindra Bank Limited RD Installment Calculator
- Hit on the link below.
- Then, in the New tab the Kotak Mahindra RD calculator opens.
- Now, you have to enter the following details to calculate the total number of Installments.
- Maturity Amount.
- Interest Rate.
- Click on “calculate’.
- The total number of Installments are displayed on the Kotak Mahindra Bank RD Calculator within few seconds.
Kotak Mahindra Bank RD Interest Rates 2017 – General
|Recurring Deposit Rates of Kotak Mahindra Bank (with effective from 17th March 2017 )|
|RD Tenure||Kotak Mahindra Bank RD Rate of Interest p.a ( %)|
|3 years to < 4 years||6.25%|
|4 years to < 5 years||6.25%|
|5 years – 10years||6.00%|
The above mentioned interest rates of Recurring Deposit are applicable only for the Resident Individuals and HUF. All the RD interest rates of Kotak Mahindra Bank are as per the official website.
Kotak Mahindra RD Rates – Senior Citizens
|Latest Kotak Mahindra Bank Recurring Deposit Interest Rates|
|RD Tenure||Kotak Mahindra RD Rates p.a ( %)|
|3 years – less than 4 years||6.75%|
|4 years – less than 5 years||6.75%|
|5 years – 10years||6.50%|
The above Recurring Deposit Interest rates Kotak Mahindra Bank are for the Senior Citizens whoa re above 60 years of age. If you want to compare the Kotak RD rate of Interest with other major banks in India click on the link below.
About Kotak Mahindra Bank Recurring Deposit
Before you open the recurring deposit account in Kotak Mahindra it is essential to know about what is Recurring Deposit?. Kotak Mahindra Bank is one of the best bank in India offers the best Recuring deposit rates. All the Indian citizens and the HUF’s are eligible to open the RD account in the Kotak Mahindra Bank. For many us, it is difficult to invest a large amount in the fixed deposit schemes. So, the Recurring deposit is the best scheme to save money every month.Then, the deposit amount along with the recurring deposit interest amount are given to you after the RD maturity period.
The Kotak Mahindra Bank is the largest private sector bank in India with its headquarters at Mumbai. It offers wide range RD offers to all its customers. It serves its customers with the large number of facilities like Kotak Mahindra Online Banking, Kotak Mahindra Bank Online account opening, etc. So, to get benefited immediately open RD account in Kotak Mahindra Bank.
Eligibility To Open Kotak Mahindra Bank RD Account
- Resident Individuals
- Hindu Undivided Families(HUF).
- Senior Citizens.
All the above categories of People have the Kotak Mahindra Bank Recurring Deposit account opening eligibility.
RD Account in Kotak Mahindra Bank – www.kotak.com
Mahindra Kotak bank offers the facility for its customers who have the Kotak Mahindra Online banking to open RD account in Kotak Mahindra bank online. Along with the Online Kotak bank RD account opening, there is also the Offline RD account opening option. Therefore, refer the below online and offline processes and choose the convenient process.
Kotak Mahindra Bank RD Account Opening Online
- Click here to open RD Account in Kotak Mahindra Bank.
- Now, you have to select whether you are the existing user or not.
- Then, you have to fill the RD application form carefully.
- Submit the recurring deposit application form and pay the RD deposit amount through Kotak Mahindra online banking.
- Within few days the account will be opened.
How To Open RD Account in Kotak Mahindra Bank – Offline
- Visit the nearest Kotak Mahindra Bank branch.
- Collect the RD application form.
- Fill the RD application form carefully.
- Attach the required documents to Open RD account to the application form.
- Finally, pay the RD deposit amount.
- After the verification process, the Kotak Mahindra Bank Recurring Deposit account will be activated.
Kotak Mahindra Bank Recurring Deposit Features
- High Safty to save your money monthly.
- Flexible Tenures.
- Easy payment options.
- Low risk.
- High Rate Of Interest.
- TDS is not applicable.
- RD Joint accounts facility.
- Minimum Deposit amount is Rs. 100/-.
- Maximum Deposit Amount is Rs. Rs.25,000/-.
- RD Minimum Tenure is 12 Years i.e., 120 months.
Kotak Mahindra Bank Recurring Deposit Schemes
There are several recurring deposit scheme in Kotak Mahindra Bank. The Kotak Mahindra Bank RD schemes are mentioned below. So, check the below RD schemes along with the features before you open a Kotak Mahindra RD account.
Kotak Mahindra Bank Ltd – Short Term RD Schemes
- Kotak Mahindra short term Recurring Deposit Tenure Period: 12-18 Months.
- Recurring Deposit interest rate in Kotak Mahindra Bank is 7.50%.
Mahindra Kotak Bank – Long Term Recurring Deposit Scheme
- Kotak Mahindra Tenure is 21/ 24/ 27/ 30/ 33 months & up to 4 years.
- Rate of Interest is 7.0 % – 7.25 %.
Kotak Mahindra Bank Senior Citizen RD Scheme
- RD Tenure is 7.25%.
- Interest rate of Kotak Mahindra Bank is 7.50% – 8.0%.
For more details about the Recurring deposit in Kotak Mahindra Bank, updatedMahindraMaindra bank RD Interest rates, Kotak Mahindra Bank RD Calculator.