What will be the installment date of my Recurring Deposit

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The date of your monthly Recurring Deposit instalment will be same as the date of your first instalment debit.

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. Minimum tenure for Recurring Deposit is 6 month and Maximum up to 120 month (10 years), in multiple of 3 months.

3. Interest on the Recurring Deposit is compounded at quarterly intervals, at the applicable rates.

4. 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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