If you are looking for the simplest method on how to pay RD in Kotak Mahindra Bank, follow this:
When you open an RD, you link it to your savings account so the monthly instalment is auto-debited on the agreed date every month. To ensure smooth processing, you must maintain a sufficient balance in the linked account. Since the system attempts to debit for up to three consecutive days if funds are insufficient on the scheduled date.
If you miss an instalment (for example, due to insufficient funds on the debit date), Kotak Mahindra Bank provides a way to regularise the missed payment.
You can log in to your Net-Banking account, navigate to Investment → Deposits → Regularise RD, and effect payment for the missed instalment. Alternatively, you can visit your nearest branch and request regularisation. You can also try the methods shared by Nandita Shreedhar here.I hope you found this helpful.
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Hi there. I have an RD account at Kotak Mahindra Bank. So, I’ll be able to share how to pay RD in Kotak Mahindra Bank. The bank has set up an automatic debit process. The monthly payments for your recurring deposit are debited automatically from the linked account. All you need to do is to maintain sufficient funds in the account. The system checks for 3 continuous days to ensure you have enough funds. However, if you don’t have enough funds in the account on the date of debit, the instalment will be missed.
How to Pay for a Missed RD at Kotak Bank?
If you miss paying the instalment because of insufficient funds, you can pay it through net banking. Here is the method you can follow:
Login into Kotak Mahindra Bank's net banking using your credentials. You can do so through their app or website.
Then, go to the Investment section. Click on Deposits and choose the Regularise RD option.
In case the method doesn’t work out, I recommend you contact the 24x7 helpline number 1860 266 2666 and ask for help. This is how to pay RD installment in Kotak bank. I hope it helps.
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How to Pay RD in Kotak Mahindra Bank?
trisha
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2024-10-25T11:45:29+00:00 2024-10-25T11:45:30+00:00Comment
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