What will be the charges if I delay the Recurring Deposit installment
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors

If you delay the instalment beyond the stipulated due date + grace period of 5 days, penal interest for the entire month will be levied. The delayed penalty charge will be at the applicable Recurring Deposit rate + 2%.  

For more details on Recurring Deposit Please click https://www.kotak.com/en/personal-banking/Deposits/Recurring-Deposits.html?cid=answer&source=keya&medium=faq

Useful Links
Was this information helpful?
Was this information helpful?