Yes, you can get margin against your Kotak Mahindra Bank fixed deposit.

To avail this facility, you will have to submit the following documents to your nearest Kotak Securities Branch.

  • Copy of receipt of Fixed Deposit/Bank Guarantee
  • Copy of letter received from Kotak Mahindra Bank confirming the pledge in the prescribed format
  • Acknowledgement for letter sent to Kotak Mahindra Bank to mark Fixed Deposit/Bank Guarantee as collateral
  • Letter to Kotak Securities requesting them to accept the FD as a collateral

Note: In case of corporate requests, the following documents are required to be on the respective company’s letterhead. 

  • Acknowledgement for letter sent to Kotak Mahindra Bank to mark Fixed Deposit/Bank Guarantee as collateral
  • Letter to Kotak Securities requesting them to accept the FD as a collateral