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Kotak Mahindra Bank Fixed Deposit

Fixed Deposits in Kotak Mahindra Bank are fixed-income saving tools. The customers can deposit an amount for a definite period and at a predetermined interest rate. FDs in Kotak Mahindra Bank are a safe medium for investment. If the interest is paid out to the customer regularly creating an income stream, it is called a simple interest rate on FDs. Alternatively, Kotak Mahindra Bank also lets clients reinvest the interest in the FD in a compounded manner to maximize returns. Read more

FEATURES

Returns (Max Tenure)

5.75%

5.5%

5.75%

Highest Return6.3%

Life Cover

No

Yes

Tax Saving

No

₹46,800*

Yearly

* Assuming investment of ₹ 1 Lakh per year & income tax slab of 30%

Kotak Mahindra Bank FD Rates

Tenure	REGULAR RATES Current Rates	SENIOR CITIZEN
7 - 14 Days	2.50%	3.00%
15 - 30 Days	2.50%	3.00%
31 - 45 Days	3.00%	3.50%
46 - 90 Days	3.00%	3.50%
91 - 120 Days	3.50%	4.00%
121 - 179 days	3.50%	4.00%
180 Days	4.75%	5.25%
181 Days to 269 Days	4.75%	5.25%
270 Days	4.75%	5.25%
271 Days to 363 Days	4.75%	5.25%
364 Days	5.25%	5.75%
365 Days to 389 Days	5.40%	5.90%
390 Days (12 months 25 days)	5.50%	6.00%
391 Days - Less than 23 Months	5.50%	6.00%
23 Months	5.60%	6.10%
23 months 1 Day- less than 2 years	5.60%	6.10%
2 years- less than 3 years	5.60%	6.10%
3 years and above but less than 4 years	5.75%	6.25%
4 years and above but less than 5 years	5.75%	6.25%
5 years and above up to and inclusive of 10 years	5.75%	6.25%

FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.

5 Yrs FD rate - Historical trend

FD Calculator

Total Investment

₹500 ₹10L

Enter Total Investment

Rate of Interest (Yearly)

1% 10%

Rate of Interest (Yearly)

Time Period

1 Year 10 Years

Enter Time Period

Total Investment

Interest Earned

Maturity Amount

Compare FD Interest Rates of Top Financial Institutions

BANKS	GENERAL CITIZENS	SENIOR CITIZEN
Kotak Bank FD Rates	2.50% - 5.75%	3.00% - 6.25%
HDFC Bank FD Rates	2.50% - 5.60%	3.00% - 6.35%
SBI FD Rates	5.30% - 5.40%	5.80% - 6.20%
Axis Bank FD Rates	2.50% - 5.75%	2.50% - 6.50%
Yes Bank FD Rates	3.25% - 6.25%	3.75% - 7.25%
Canara Bank FD Rates	2.90% - 5.40%	2.90% - 5.90%
Bandhan Bank FD Rates	3.00% - 5.00%	3.75% - 5.75%
Bank of Baroda FD Rates	2.80% - 5.25%	3.30% - 6.25%
Bank of India FD Rates	2.85% - 5.05%	3.35% - 5.55%
Central Bank of India FD Rates	2.75% - 5.00%	2.90% - 3.25%
DBS Bank FD Rates	2.50% - 5.50%	3.50% - 6.00%
IDFC Bank FD Rates	2.50% - 6.00%	3.00% - 6.50%
Indian Bank FD Rates	2.90% - 5.15%	3.40% - 5.65%
IndusInd Bank FD Rates	2.50% - 6.00%	3.00% - 6.50%
Punjab National Bank FD Rates	2.90% - 5.25%	3.50% - 5.75%
UCO Bank FD Rates	2.55% - 5.05%	3.80% - 6.30%

About Kotak Mahindra Bank FD

Customers can calculate their maturity value using the tenure, principal amount, and interest rates on FDs in Kotak Mahindra Bank.

Since the plan is term restricted, any premature withdrawal of the funds might or might not be allowed, depending on the particulars of the scheme availed. If allowed, it might be paid out with reduced interests.

Additional benefits of Kotak Mahindra Bank’s Fixed Deposits involve tax saving plans, senior citizen advantages, recurring deposits with monthly investments, and nomination services. The Bank also allows a sweep-in facility. In addition, by linking the FD (one or more) to a savings account, the customers can enjoy liquidity and an overdraft facility.

Kotak Mahindra Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on the basis of the data provided below.

1. For Domestic / NRO / NRE Deposits – Premature Withdrawals Allowed (As of 6th May 2022)

Maturity Period	Rs. 2 Crore & above but below Rs. 5 Crores	Rs. 5 Crores & above but below Rs. 10 Crores
7 - 14 Days	3.00%	3.00%
15 - 30 Days	3.00%	3.25%
31 - 45 Days	3.25%	3.50%
46 - 60 Days	3.25%	3.75%
61 - 90 Days	3.25%	3.75%
91 - 120 Days	4.00%	4.25%
121 - 179 Days	4.00%	4.50%
180 Days	4.75%	4.75%
181 Days to 270 Days	4.75%	4.75%
271 Days to 279 Days	3.00%	3.00%
280 Days to Less than 12 Months	4.75%	4.75%
12 months - less than 15 months	5.25%	5.15%
15 months - less than 18 months	5.25%	5.25%
18 months - less than 2 Years	5.50%	5.25%
2 years and above but less than 3 years	5.50%	5.25%
3 years and above but less than 4 years	5.75%	5.25%
4 years and above but less than 5 years	5.75%	5.25%
5 years and above up to & inclusive of 7 years	5.75%	5.25%

2. For Domestic / NRO / NRE Deposits – Premature Withdrawals Allowed (As of 6th May 2022)

Maturity Period	Rs. 10 Crores & above but below 25 Crores	Rs. 25 Crores & above
7 - 14 Days	3.00%	3.00%
15 - 30 Days	3.25%	3.25%
31 - 45 Days	3.50%	3.50%
46 - 60 Days	3.75%	3.75%
61 - 90 Days	3.75%	3.75%
91 - 120 Days	4.25%	4.25%
121 - 179 Days	4.50%	4.50%
180 Days	4.75%	4.75%
181 Days to 270 Days	4.75%	4.75%
271 Days to 279 Days	3.00%	3.00%
280 Days to Less than 12 Months	4.75%	4.75%
12 months - less than 15 months	5.15%	5.15%
15 months - less than 18 months	5.25%	5.25%
18 months - less than 2 Years	5.25%	5.25%
2 years and above but less than 3 years	5.25%	5.25%
3 years and above but less than 4 years	5.25%	5.25%
4 years and above but less than 5 years	5.25%	5.25%
5 years and above up to & inclusive of 7 years	5.25%	5.25%

3. For Domestic / NRO / NRE Deposits – Premature Withdrawals Are Not Allowed (As of 6th May 2022)

Maturity Period	Rs. 2 Crore & above but below Rs. 5 Crores	Rs. 5 Crores & above but below Rs. 10 Crores
91 - 120 Days	NA	4.40%
121 - 179 Days	NA	4.65%
180 Days	NA	4.95%
181 Days to 270 Days	4.95%	4.95%
271 Days to 279 Days	3.20%	3.20%
280 Days to Less than 12 Months	4.95%	4.95%
12 months - less than 15 months	5.45%	5.35%
15 months - less than 18 months	5.45%	5.45%
18 months - less than 2 Years	5.70%	5.45%
2 years and above but less than 3 years	5.70%	5.45%

4. For Domestic / NRO / NRE Deposits – Premature Withdrawals Are Not Allowed (As of 6th May 2022)

Maturity Period	Rs. 10 Crores & above But below 25 Crores	Rs. 25 Crores & Above
91 - 120 Days	4.40%	4.40%
121 - 179 Days	4.65%	4.65%
180 Days	4.95%	4.95%
181 Days to 270 Days	4.95%	4.95%
271 Days to 279 Days	3.20%	3.20%
280 Days to Less than 12 Months	4.95%	4.95%
12 months - less than 15 months	5.40%	5.40%
15 months - less than 18 months	5.50%	5.50%
18 months - less than 2 Years	5.50%	5.50%
2 years and above but less than 3 years	5.50%	5.50%

Tenure of Fixed Deposit	Penalty
Less than 181 days	Nil
181 days and above	0.50%

Maturity Period	Deposit Amount	Interest Rate (Per Annum)
		General Citizens	Senior Citizens
Tax Saving Deposits - 5 year up to 10 year	Up to Rs. 1 lakh	6	6.5

Kotak Mahindra Bank Fixed Deposit

About Kotak Mahindra Bank FD

Kotak Mahindra Bank Fixed Deposit Rates

About Kotak Mahindra Bank Fixed Deposit Interest Rate Calculator

Penal Charges on Premature Withdrawal of Fixed Deposit

Tax Implications

FD Rates articles