ActivMoney

ActivMoney

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What is ActivMoney or Flexi Fixed Deposit (Flexi Fixed Deposit) ?

What is ActivMoney?

What is the benefit in opting for this facility?

What is a sweep in/sweep out threshold limit with respect to ActivMoney?

What are the Sweep in/Sweep out threshold values for Savings and current A/cs variants for this facility?

I have a joint account with my family member, however we see different ActivMoney limits for sign up via Mobile Banking?

I have an Edge account in joint mode of operation with my family member, however while signing up via Mobile app, I can see ActivMoney sign up limit of 3,00,000/- for the said joint account, whereas my family member can see a sign up limit of 25,000/-, Why are we seeing two different limits for the same account?

How does ActivMoney Facility work?

Is Senior Citizen rate applicable on FDs created via ActivMoney Feature?

Do I get Fixed Deposit advice for fixed deposits created via ActivMoney Feature?

Can customer submit nomination facility for these Flexi Fixed Deposit/ ActivMoney Term Deposits?

Can we have both Active Money and one way sweep-in facility (Linked FD) in the same current /saving account?

Can I pre-close the Fixed Deposit created via ActivMoney feature linked to the account?

Can the holding pattern in linked Fixed Deposit and Current/Saving account be different?

What advantages does the Kotak ActivMoney facility provide over other sweep in products offers in the market?

What are the charges applicable to enrol for ActivMoney Facility?

Who can avail ActivMoney facility?

Can existing customers sign up for ActivMoney via net banking or mobile banking facility?

I cannot see one or more of my accounts when applying for ActivMoney via Mobile banking

Is the tenure for fixed deposits booked via ActivMoney facility modifiable?

Will customer get separate statement for sweep in/sweep out transactions via ActivMoney feature?

Is TDS applicable on fixed deposits booked via ActivMoney feature?

Once ActivMoney is opted for, will I earn fixed deposit interest rate plus savings account interest rate on fixed deposits created via ActivMoney feature?

Is there a penalty applicable in case funds are reversed from fixed deposits created via ActivMoney feature for meeting Current/Savings account obligations?