Kotak 5 Year FD Interest Rate

This article covers the fixed deposit scheme offered by Kotak Mahindra Bank for a 5-year tenure. Kotak group promises assured saving schemes and guaranteed returns for its investors. While considering any deposits/investments, you should have a thorough knowledge of the scheme. You can also ask the bank representatives or customer care service to know the details.

Read more
Best Investment Options
  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns+
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold


Kotak Mahindra Bank generally offers flexible eligibility criteria for its depositors. You may want to proceed with an FD account if any of the following points check out:

  • You are an Indian citizen.
  • You may be an NRI.
  • You might be a senior citizen.
  • You could be a member of a Hindu Undivided Family.
  • You could even start a fixed deposit as a minor. Legal guardianship must be synced with the account formalities.

You also have the option to start tax-saving deposits with Kotak Mahindra Bank. The minimum booking period here is 5 years extending up to 10 years. In this scenario, the major talking points are saving tax & attaining attractive interests rather than growing money alone.

Documents Required

The following is the list of documents required if you are planning to open an FD account with Kotak:

  • A recent photograph
  • Document showing address proof
  • Document showing age
  • Your signature
  • Few other basic prerequisites for completing the bank formalities

Kindly note that the accepted documents to prove your identity, address & signature generally include the following:

Aadhaar Card

Voter’s ID

PAN Card


Driving License

Utility Bill

Bank Statement

Updated Bank Account Passbook

Benefits of Kotak Mahindra Bank Fixed Deposit

Some standard benefits offered by Kotak FD schemes are as follows:

  • An assured return on your deposit when the term of maturity is reached.
  • You will get the benefit of flexible tenure options.
  • You may also avail of an overdraft facility against fixed deposit schemes.
  • You have the choice to start the fixed deposit scheme using online techniques. Online processes will help you manage the deposit & investment program easily from the comfort of your spaces.
  • You can select from a series of interest payout options. The top available options are monthly payouts and quarterly payouts.
  • You have an option to terminate your fixed deposit scheme before reaching the maturity period, thereby offering high liquidity value. However, you may have to pay a penalty as per the terms and conditions.
  • For 5 years and above, the interest rates offered for regular citizens are 5.25%. If you are a senior citizen, this percentage will rise to 5.75%.
  • The annualized yield of this FD scheme is even better. The interest rates offered for regular and senior citizens are 5.35% and 5.88%, respectively.
  • The deposit amount can be as low as Rs 5000. The low deposit amount makes investment possible for maximum people.
  • The maturity period you may select could be as low as 7 days exceeding up to 10 years. Since the interest payout option is your selection, you may combine it with your tenure decision.

How to Invest in a Kotak FD account?

Kotak Mahindra Bank offers an attractive fixed deposit scheme for your financial security needs. For this FD scheme, you can opt for a tenure of 5 years to equip with the corresponding interest rates.

For making an offline investment, you may connect with the relevant authorities. Visiting a Kotak Mahindra Bank branch may be your best option. Contacting authorized dealers will help you with an end-to-end deposit process. 

For online procedures, here is how you can invest in Kotak Mahindra Bank FD:

  • Log in your personal net banking details on the official website of Kotak Mahindra Bank. 
  • Enter your valid credentials first to receive customized access to the deposit schemes. 
  • Choose an FD account and provide the supporting documents as mentioned in the banking forum. 
  • You may have to decide and select the deposit amount, tenure of the deposit, and the type of interest payout. You may use an FD calculator to have an idea about your promised returns in advance.

You should be mindful of the terms & conditions for fixed deposit schemes mentioned in the bank details. Following the eligibility, the documentation is carried out in sync with the deposit opening procedure. Once the account runs active, you can deposit the principal amount and start earning interests.


*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

highest guaranteed return
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

FD Rates articles

Recent Articles
Popular Articles
Monthly FD Interest on ₹1 Crore

15 Apr 2024

A Fixed Deposit (FD) scheme helps to earn monthly FD interest on
Read more
Monthly FD Interest on ₹50 Lakh

11 Apr 2024

This article will help you to explore the potential returns of
Read more
How to Make the Most of Your Fixed Deposits with a Fixed Deposit Calculator in 2024

08 Jan 2024

Fixed deposits, with their guaranteed returns and relative
Read more
Mistakes To Avoid While Choosing Corporate Fixed Deposit

08 Jan 2024

When it comes to choosing Corporate Fixed Deposits, steering
Read more
How Does an FD Calculator Help Select the Right FD Scheme in 2024?

08 Jan 2024

In 2024, the role of Fixed Deposit calculators becomes
Read more
Application for Withdrawal of Fixed Deposit
Fixed Deposits are the safest investment instruments. You invest the amount of your choice as the fixed deposit
Read more
Nominee Vs Legal Heirs for Fixed Deposits
Fixed deposits are a popular investment option for individuals who wish to earn a stable rate of interest on
Read more
SBI Fixed Deposit Monthly Income Scheme
Fixed deposits are the safest investment vehicles for Indian financial planners. You can open a fixed deposit
Read more
Fixed Deposit Monthly Income Scheme
The monthly income scheme of Fixed Deposit has gained popularity among investors. It is considered liquid as it
Read more
ICICI FD Premature Withdrawal Penalty Calculator
ICICI offers various fixed deposit schemes which are highly liquid. The fixed deposit schemes allow partial
Read more

Download the Policybazaar app
to manage all your insurance needs.