Kotak Mahindra Bank offers attractive FD interest rates along with flexible tenure, making it an ideal choice for risk-averse individuals looking to invest their savings. In this blog, we will walk you through a comprehensive guide on how to open an FD account by submitting the Kotak FD form.
What Is Kotak FD Form?
With Kotak Mahindra Bank, you can start investing with an amount as low as ₹5,000, in return for guaranteed interest rates. To open an FD account, you need to visit your local Kotak branch and fill out the Kotak Mahindra FD form.
How to Download Kotak FD Form?
Here is a step-by-step guide on how to download the Kotak FD form.
- Step 1: Visit the official website of Kotak Mahindra Bank.
- Step 2: Find the ‘Customer Service Section’.
- Step 3: Click on the ‘Download Forms’ link.
- Step 4: Select the ‘Personal Banking’ tab under the main section.
- Step 5: Navigate to the ‘Account Opening’ section and click on the PDF icon beside ‘Resident Individual – Product Form (Sample Form)’.
- Step 6: Download and fill up your Kotak FD form PDF from here for opening your FD account and submit it to your nearest branch.
Kotak FD Form for New Customers
Opening a Kotak FD is a convenient and hassle-free process. As a new customer, you can obtain the Kotak Bank FD form and complete the application process by submitting a few essential documents, including proof of identity and address, photographs and your signature.
This process will be taken care of by the officials at your nearest Kotak Mahindra branch. Moreover, you will not require any savings/current account to open an FD at Kotak Mahindra Bank.
Kotak FD Form for Old Customers
For existing customers, the Kotak Bank FD form can be filled out using the following procedure.
- Fill out the personal details of the applicant(s) as required.
- Determine the mode of operation, term for FD, as well as the initial investment amount.
- Set your goals as per the instructions on the form and provide your email ID for FD advice from Kotak Mahindra Bank.
- Fill out the nomination form and provide your signatures in the appropriate sections.
How to Book FD with Kotak FD Form?
You can book your FD by following the below stepwise process.
- Step 1: Visit your nearest Kotak Mahindra branch with the required documentation.
- Step 2: Seek a Kotak Bank fixed deposit form from a bank representative.
- Step 3: Submit the documents with the FD form.
In case you find any problems in opening your FD account or filling out the form, you can seek assistance from the bank representative.
How to Fill Kotak FD Form?
While filling out the Kotak FD form, applicants need to input all the required details in accordance with the provided instructions. Moreover, they need to ensure accuracy and provide complete information in order to expedite the processing of their account opening request.
Documents Required with FD Form to Open FD with Kotak Bank
To open your FD at Kotak Mahindra Bank, you will be required to present the following documents along with your duly filled Kotak Mahindra Bank FD form.
- Proof of Address (Utility Bills, Passport)
- Proof of Identity (PAN Card, Driving License, Aadhaar Card)
- Photographs
- Signature
Kotak Mahindra Bank FD Closure Form
In case of a financial emergency, you can apply for premature withdrawal or closure of your FD account either online or by visiting your nearest Kotak branch. When you place a request for FD account closure at your nearest branch, you will be required to fill up your Kotak FD premature withdrawal form.
Besides, you can also obtain the form online from the official website of Kotak Mahindra Bank by following the given below steps.
- Step 1: Visit the official website of Kotak Mahindra Bank.
- Step 2: Navigate to the ‘Customer Service ’ section.
- Step 3: Click on the ‘Download forms’ link.
- Step 4: Select the ‘Personal Banking’ tab under the main section.
- Step 5: Navigate to the ‘Account Closure’ section and click on the PDF icon beside ‘Account Closure Form’.
Download and fill up your Kotak FD form PDF for account closure and submit it to your nearest branch.
The amount shall be credited to your requested account within 24 to 48 hours. However, note that a penalty of 0.50% on the interest rate will be applicable in case the FD was booked for over 180 days and withdrawn before maturity.
Final Word
Kotak Mahindra Bank provides a diverse array of fixed deposit (FD) options, catering to various depositors’ objectives and preferences. Hopefully, now you are well aware of how to initiate the process of opening your FD by filling out the Kotak FD form. If you need further assistance, you can contact the bank’s customer service group who are readily available to guide you through the FD opening process.
FAQs
The minimum investment required to open a Kotak FD account is ₹5,000. However, there is no upper ceiling to this amount.
Yes, you can withdraw your Kotak Mahindra Bank FD amount before its maturity with some penalty or deductions on the contracted amount.
The rate of interest is variable based on the tenure, deposit amount and depositor type. For instance, the senior citizen FD accounts have higher interest rates than those of the Indian resident accounts. The bank generally offers an interest rate ranging between 2.75% to 7.80%.
As an existing customer, you do not need to create any separate account or customer ID to avail the benefits associated with the senior citizen FD. However, you will be asked to present your proof of age, or else the interests will be calculated at the regular FD rates.
You will be asked to provide proof of age to open a senior citizen FD account at Kotak Bank. You can provide any one of these documents: Passport, Birth Certificate, Defense/Government ID card, PAN Card, or Pension payment details.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
