Kotak Bank Senior Citizen Fixed Deposit Interest Rates
Kotak Senior Citizen Fixed Deposit specially create for senior persons which helps to earn them 6.25% p.a interest & available for persons who are over 60 years of age.
Features of Senior Citizen Fixed Deposit
- Minimum deposit amount Rs. 5,000
- Booking period 7 days to 10 Years
- options to withdraw interest Monthly, quarterly or on Maturity.
- Partial / Premature withdrawal of fixed deposit is permitted
- Nomination facility
What is the rate of interest for fixed deposits with Kotak Bank?
The interest rate for fixed deposits with Kotak Bank varies with maturity period, deposit amount, type of depositor, etc. For instance, the rates are higher for senior citizens compared to residing Indians under the age of 60 years.
What are the minimum amount and maximum amount I can deposit in a fixed deposit?
At Kotak, you can start a fixed deposit with a minimum amount of Rs. 5,000.There isn’t any maximum limit for the fixed deposit amount.
