Kotak ActivMoney 7% Feedback

ShavirB

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

Gigachad

KF Mentor
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..
 

Skylar

KF Mentor
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

Founder
Staff member
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
 
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