Kotak launches ActivMoney feature – Earn FD interest on Savings
- 701
- 4
-
- Last Comment
Is this same as already existing sweep in/out facility feature of other banks?
Any benefit here?
Any benefit here?
Expired
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
3 Comments
|
2 Dimers
- Sort By
https://www.desidime.com/discussions/kotak-launches-activmoney-feature-earn-fd-interest-on-savings?post_id=9343806#post_9343806
Which means it that FD is closed, i don't even earn the minimum 3.5% also?
View 1
more reply
Click here to reply
Reply
Minimum FD tenure is 180 days, say if you touch the FD within 180 days. You get 0 interest rate, compared to Saving account where you generate Interest every day.
Not much of benefit for liquidity.