Kotak ActivMoney 7% Feedback

[ShavirB]

Kotak has launched a new product where they are offering FD like Interest (upto 7%). Anyone has opted for this facility? Need feedback

 

[Gigachad]

Kotak has launched a new product where they are offering FD like Interest (upto 7%). Anyone has opted for this facility? Need feedback

Its creates fd in multiple of 5k. For 180days..
Current giving 7%..
General if you active it.. the remaining amount after 25k will become fd..

 

[financial12345]

What are the charges in Kotak 811 account please provide me the information

 

[Skylar]

What are the charges in Kotak 811 account please provide me the information

Zero if you opt for virtual debit card, If you chose physical debit card then you have to pay its charges.

 

[Skylar]

Kotak has launched a new product where they are offering FD like Interest (upto 7%). Anyone has opted for this facility? Need feedback

FD of 180 days will be created on 5k multiples with 3.5% interest for 180days (6months)
180+180= 1year == 3.5+3.5 = 7
No gimmicks, if you withdraw before 180 days you'll get base interest rate, no charges no penalties.

 

[ShavirB]

Under current circumstances - FD rates are at an all time high, but Savings Rates are low, having a Sweep- In FD account makes a lot of sense. Can easily make 3-4% extra