ActivMoney
Enjoy up to 7%* interest p.a. on your ActivMoney
Receive interest in your savings a/c every 180 days
Shift funds in and out effortlessly, as and when needed
Pay zero charges on premature withdrawal
Earnings, boosted
Earn up to 7% interest p.a. on an amount over Rs.25,000 in your savings account. ActivMoney is automatically booked in multiples of Rs.5,000. Interest gets credited after a maturity period of 180 days.
Investing, reimagined
Invest with zero commitment of a lock-in period. Your deposits will be “swept in” automatically to make up for any shortfall of funds in your savings account.
Charges, eliminated
Pay absolutely zero charges on premature withdrawal of your ActivMoney. Continue to earn interest on your ActivMoney balance.
How ActivMoney works
A sweep-out limit of Rs.25,000/- is set
ActivMoney gets booked in multiples of Rs.5,000/-
Suitable ActivMoney is swept in
Interest is credited every 180 days
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Frequently Asked Questions
There's more than one benefits of opting for ActivMoney. Any amount from your savings account turned into ActivMoney earns a higher, FD-like interest rate of up to 7% per annum.
Because ActivMoney deposits are flexible and funds can be seamlessly shifted back into your savings account without any charges or fines whenever the need be, it offers you higher liquidity and comfort.
For a Kotak811 savings account, the default sweep-in limit is ₹10,000, sweep-out limit is ₹25,000 and ActivMoney is booked in multiples of₹5,000.
Flexi Fixed Deposit, better known as ActivMoney, is a facility where money over a certain limit in your savings account is parked as a deposit that earns a higher interest and gets added back to your savings if the balance drops below a certain limit. View all Terms and Condition
There are three ways you can enable ActivMoney or sweep-in facility for your account. 1. On the Kotak811 App under the 811 Tab 2. Calling the Customer Experience Center at 1860 266 0811 3. Visiting your nearest Kotak branch. To locate, Click here
You can disable the ActivMoney facility in your account by calling our Customer Support at 1860 266 0811.