Kotak Mahindra Bank FD interest rates range from 2.75% to 7.45% per annum, depending on the deposit term, amount, and customer category. The bank has fixed deposits with tenures of 7 days to 10 years. Senior citizens are eligible for a 0.50% extra interest over applicable slabs. In this article, you can get the full details of Kotak Bank FD, including key benefits, the latest interest rates, and how to book a fixed deposit.
A Kotak Mahindra Bank FD is a secured investment instrument wherein you deposit a fixed sum of money for a specific tenure and earn assured returns. Kotak fixed deposits offer higher interest rates compared to savings accounts, letting you grow your money throughout the tenure. The bank offers a flexible payout of interest in the form of cumulative, monthly, and quarterly options. You can make a deposit of as little as ₹5,000 for the tenure of your choice (between 7 days to 10 years). Kotak Bank allows premature withdrawal to ensure flexibility in fund usage (charges or reduction of interest rates are applicable).
Here are the main benefits of opening a Kotak Mahindra Bank FD, explained in simple words:
Below are the latest Kotak Mahindra Bank rates for deposits below and above ₹3 crore.
| Maturity Period | Regular (% p.a.) |
Senior Citizen** (% p.a.) |
| 7 - 14 Days | 2.75% | 3.25% |
| 15 - 30 Days | 3.00% | 3.50% |
| 31 - 45 Days | 3.25% | 3.75% |
| 46 - 90 Days | 3.50% | 4.00% |
| 91 Days | 5.00% | 5.50% |
| 92 - 179 Days | 4.25% | 4.75% |
| 180 Days | 6.00% | 6.50% |
| 181 - 269 Days | 5.75% | 6.25% |
| 270 Days | 5.75% | 6.25% |
| 271 - 363 Days | 6.00% | 6.50% |
| 364 Days | 6.00% | 6.50% |
| 365 - 389 Days | 6.25% | 6.75% |
| 390 Days | 6.50% | 7.00% |
| 391 Days - <23 Months | 6.60% | 7.10% |
| 23 Months | 6.60% | 7.10% |
| 23 Months 1 Day – <2 Years | 6.50% | 7.00% |
| 2 - <3 Years | 6.40% | 6.90% |
| 3 - <4 Years | 6.40% | 6.90% |
| 4 - <5 Years | 6.40% | 6.90% |
| 5 - 10 Years | 6.25% | 6.75% |
*Kotak Mahindra Bank FD interest rates w.e.f. June 18, 2025
** Senior citizen rates are not applicable for NRO/NRE Account deposits.
| Maturity Period | Interest Rate Range (% p.a.) |
| 7 days to 14 days | 3.50 |
| 15 days to 30 days | 4.00 |
| 31 days to 45 days | 4.25 |
| 46 days to 60 days | 4.50 |
| 61 days to 90 days | 4.50 |
| 91 days | 5.00 |
| 92 days to 120 days | 5.25 |
| 121 days to 179 days | 5.25 |
| 180 days | 6.00 |
| 181 days to 270 days | 6.00 |
| 271 days to 279 days | 5.15 |
| 280 days to 364 days | 6.00 |
| 365 days to less than 15 months | 6.50 |
| 15 months to less than 18 months | 6.50 |
| 18 months to less than 2 years | 6.50 |
| 2 years and above but less than 3 years | 6.40 |
| 3 years and above but less than 4 years | 6.40 |
| 4 years and above but less than 5 years | 6.30 |
| 5 years and above up to & inclusive of 7 years | 6.30 |
*Kotak Mahindra Bank FD interest rates w.e.f. June 18, 2025
| Maturity Period | Interest Rate Range (% p.a.) |
| 91 Days | NA |
| 92 Days – 120 Days | NA |
| 121 Days – 179 Days | NA |
| 180 Days | NA |
| 181 Days to 270 Days | 6.15 |
| 271 Days to 279 Days | 5.25 |
| 280 Days ‐ 364 Days | 6.20 |
| 365 Days ‐ Less Than 15 Months | 6.60 |
| 15 Months – Less Than 18 Months | 6.60 |
| 18 Months – Less Than 2 Years | 6.60 |
| 2 Years – Less Than 3 Years | 6.50 |
| 3 Years – Less Than 4 Years | 6.50 |
| 4 Years – Less Than 5 Years | NA |
*Kotak Mahindra Bank FD interest rates w.e.f. June 21, 2025.
#Not Applicable for ₹3 Crores & Above but below ₹10 Crores
Opening a Kotak Mahindra Bank FD is simple and can be done online or offline.
For existing Kotak Mahindra Bank customers with internet or mobile banking:
For those who prefer visiting a branch:
To open a Kotak Mahindra Bank FD, you may need the following:
Interest earned on Kotak Mahindra Bank FDs is taxable under the head “Income from Other Sources” and is added to your total income. Kotak bank also offers tax-saving FDs wherein customers can get benefits under Section 80C. TDS is deducted at 10% if the total interest in a financial year exceeds ₹50,000 for individuals below 60 years and ₹1,00,000 for senior citizens. If PAN is not submitted, TDS is deducted at 20%. You can submit Form 15G (for individuals) or Form 15H (for senior citizens), if eligible, to avoid TDS.
Kotak Mahindra Bank FD interest rates go up to 7.45% for senior citizens and offer a wide range of tenures starting from just 7 days. The bank provides multiple interest payout options, online convenience, partial withdrawal, loan facility, and attractive FD interest rates across customer segments. Whether saving for short-term or long-term goals, Kotak Mahindra Bank FD provides a secure and flexible deposit option.
˜Top 5 plans based on annualized premium, for bookings made through https://www.policybazaar.com in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
* The Guaranteed Returns are dependent on the policy term and premium term availed, along with the other variable factors. The 6.9% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and premium term of 10 years with a Rs . 20,000 monthly instalment premium. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year, and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Insurance
Calculators
Payment Methods
Secured With
Follow us on
