For what period can someone open a Recurring Deposit

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You can open a Recurring Deposit account for a minimum period of 12 months and thereafter in multiples of 3 months up to a maximum period of 120 months (10 years).

You can book a Recurring Deposit by following few simple steps:

1. On Mobile Banking

Go to Banking -> Fixed/Recurring Deposits
Open Fixed Deposit

2. On Net Banking

Go to Investment -> Deposits
Open A Fixed / Recurring Deposit
Select Recurring Deposit

Please Note:

1. Recurring Deposit can be opened for a minimum of Rs.100/- and for maximum of Rs.1,00,000/- in multiples of 100.
2. Interest on the Recurring Deposit is compounded at quarterly intervals, at the applicable rates.
3. Please click https://www.kotak.com/en/personal-banking/Deposits/Recurring-Deposits/interest.html?cid=answer&source=keya&medium=faq to check Recurring Deposit interest rates.

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For what period can someone open a Recurring Deposit?