Kotak Mahindra Bank FD Interest Rates

Kotak Mahindra bank is one of the renowned leading private banks in India, holding its corporate office in Mumbai, Maharashtra. Kotak Bank provides multiple fixed deposit options to individuals, NRIs, and Senior Citizens. You can park surplus savings in a fixed deposit, also known as a term deposit, with Kotak for a fixed duration and earn interest on the amount deposited. The bank offers competitive interest rates compared to other banks in the financial market, with tenure ranging from 7 days to 10 years. Read more

FEATURES
pnb-bank
sbi-bank
hdfc-life-insurance
maxlife
Returns (BEFORE TAX)
6.25%
6.7%
7.0%
Highest Return7.5%
Returns (AFTER TAX)*
4.37%
4.55%
4.9%
LIFE COVER
No
No
No
₹10 Lakh**

Kotak Mahindra Bank FD Rates Apr 2024

Tenure REGULAR RATES
Current Rates
SENIOR CITIZEN
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 – 120 days 4.00% 4.50%
121 – 179 days 4.25% 4.75%
180 days 7.00% 7.50%
181 days to 269 days 6.00% 6.50%
270 days 6.00% 6.50%
271 days to 363 days 6.00% 6.50%
364 days 6.50% 7.00%
365 days to 389 days 7.10% 7.60%
390 days (12 months 24 days) 7.40% 7.90%
391 days to less than 23 months 7.40% 7.90%
23 months 7.30% 7.85%
23 months 1 day to less than 2 years 7.30% 7.85%
2 years to less than 3 years 7.15% 7.65%
3 years to less than 4 years 7.00% 7.60%
4 years to less than 5 years 7.00% 7.60%
5 years to 10 years 6.20% 6.70%

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

1 Yrs FD rate - Historical trend
Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
VIEW PLANS
*For annual premium upto ₹5 Lacs
fd return beater
FD Calculator

Total Investment

₹500 ₹30L
Enter Total Investment

Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount
Compare FD Interest Rates of Top Financial Institutions
BANKS GENERAL CITIZENS SENIOR CITIZEN
Kotak Mahindra FD Rates 2.50% - 5.75% 3.00% - 6.25%
SBI bank FD Rates 5.30% - 5.40% 5.80% - 6.20%
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
ICICI Bank FD Rates 2.75% - 5.70% 3.25% - 6.20%
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Canara Bank FD Rates 2.93% - 6.40% 2.93% - 6.40%
Yes Bank FD Rates 3.25% - 6.25% 3.75% - 7.25%
Bandhan Bank FD Rates 3.00% - 5.00% 3.75% - 5.75%
Union Bank of India FD Rates 3.00% - 5.50% 3.75% - 5.75%
Indusind Bank FD Rates 2.75% - 6.00% 3.25% - 6.50%
PNB FD Rates 3.00% - 5.75% 3.50% - 6.25%
Bank of Baroda FD Rates 3.00% - 5.10% 3.50% - 5.60%
IDFC Bank FD Rates 3.50% - 6.00% 4.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
DBS Bank FD Rates 2.50% - 5.50% 2.50% - 5.50%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
Bank of India FD Rates 2.85% - 5.35% 3.00% - 6.50%
IDBI Bank FD Rates 2.90% - 5.30% 3.40% - 5.90%
Central Bank of India FD Rates 2.75% - 5.15% 3.25% - 5.65%
Show More

Allahabad Bank FD Interest Rates

Allahabad Bank FD Interest Rates

Andhra Bank FD Interest Rates

Andhra Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

Axis Bank FD Rates

Axis Bank FD Rates

Bajaj Finance FD Interest Rates

Bajaj Finance FD Interest Rates

Bandhan Bank FD Interest Rates

Bandhan Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of India FD Interest Rates

Bank of India FD Interest Rates

Bank of Maharashtra FD Interest Rates

Bank of Maharashtra FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Canara Bank FD Interest Rates

Canara Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Central Bank of India FD Interest Rates

Central Bank of India FD Interest Rates

Citibank FD Interest Rates

Citibank FD Interest Rates

City Union Bank FD Interest Rates

City Union Bank FD Interest Rates

Corporation Bank FD Interest Rates

Corporation Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

DBS Bank FD Interest Rates

DBS Bank FD Interest Rates

Dena Bank FD Interest Rates

Dena Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

HDFC Bank FD Interest Rates

HDFC Bank FD Interest Rates

HSBC FD Interest Rates

HSBC FD Interest Rates

ICICI Bank FD Interest Rates

ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDFC First Bank FD Interest Rates

IDFC First Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

IndusInd Bank FD Interest Rates

IndusInd Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Muthoot Capital

Muthoot Capital

Nainital Bank FD Interest Rates

Nainital Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

PNB FD Interest Rates

PNB FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

RBL Bank FD Rates

RBL Bank FD Rates

Saurashtra Gramin Bank FD Interest Rates

Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Travancore FD Interest Rates

State Bank of Travancore FD Interest Rates

Syndicate Bank FD Interest Rates

Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

Union Bank of India FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Yes Bank FD Interest Rates

Yes Bank FD Interest Rates

Expand

About Kotak Mahindra FD Rates

Kotak Mahindra Bank Fixed Deposit Scheme allows the investors to invest a part of their salary in the FD scheme to achieve their goals and plan accordingly.

The benefits of Kotak Mahindra Bank's Fixed Deposits include 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.

Moreover, in general, one can save tax on their earnings from Fixed Deposit schemes up to a limit of Rs. 1,50,000 per annum under Section 80C of the Income Tax Act, 1961. Kotak Bank Fixed Deposit Account can be easily opened through internet banking, mobile applications, and offline by visiting the bank branch office.

  • Kotak Mahindra Bank Fixed Deposit Rates

    Kotak Mahindra Bank FD Rates for Above Rs. 2 Crores

    Rates with effect from 11th August 2022:

    FD Tenure Above Rs. 2 Crore but less than Rs. 5 Crores Above Rs. 5 Crores but less than Rs. 10 Crores Above Rs. 10 Crores but less than 25 Crores Rs. 25 Crores & more
    7 - 14 Days 3.50% 3.50% 3.50% 3.50%
    15 - 30 Days 3.50% 3.65% 3.65% 3.65%
    31 - 45 Days 3.75% 3.75% 3.75% 3.75%
    46 - 60 Days 4.00% 4.00% 4.00% 4.00%
    61 - 90 Days 4.50% 4.50% 4.50% 4.50%
    91 - 120 Days 5.00% 5.00% 5.00% 5.00%
    121 - 179 Days 5.00% 5.10% 5.10% 5.10%
    180 Days 5.50% 5.50% 5.50% 5.50%
    181 Days to 270 Days 5.50% 5.50% 5.50% 5.50%
    271 Days to 279 Days 3.50% 3.50% 3.50% 3.50%
    280 Days - 364 days 5.65% 5.80% 5.80% 5.80%
    365 days but less Than 15 months 6.00% 6.10% 6.10% 6.20%
    15 months but less than 18 months 6.00% 6.10% 6.10% 6.10%
    18 months but less than 2 Years 6.00% 6.10% 6.10% 6.10%
    2 years and above but less than 3 years 6.00% 6.10% 6.10% 6.10%
    3 years and above but less than 4 years 6.00% 6.00% 6.00% 6.00%
    4 years and above but less than 5 years 6.00% 6.00% 6.00% 6.00%
    5 years and above up to & inclusive of 7 years 5.90% 6.00% 6.00% 6.00%
  • Types of Kotak Fixed Deposit Schemes

    • Standard / Regular Fixed Deposit
    • Special Fixed Deposit
    • Tax Saving Fixed Deposit
    • Floating Fixed Deposit

    The detailed description of these fixed deposit schemes is as follows:

    1. Standard / Regular Fixed Deposit

    • With security and flexibility, this scheme offers the benefit of earning higher Kotak FD rates.
    • Availability of nomination facility.
    • One can open this FD account hassle-free without putting much effort.
    • Offers short-term facility.

    2. Special Fixed Deposit

    • Special FD is for a selected time period.
    • The tenure under this deposit scheme ranges from 290 days, 390 days, etc., as per the investor's requirement.
    • Offers a high rate of interest compared to other deposit schemes.

    3. Tax Saving Fixed Deposit

    It is a unique fixed deposit product that provides the dual benefit of tax savings and returns. A tax saver fixed deposit provides a tax deduction of up to Rs. 1,50,000 under Section 80C of the Income Tax Act. The features of this policy are:

    • Up to Rs. 1,50,000 can be exempted annually under the tax saving FD as per Section 80C of the Income Tax Act.
    • A fixed return is guaranteed after the completion of 5 years.
    • Interest can be paid out to the depositor quarterly or at the time of maturity.
    • The interest that you earn is taxable.
    • Premature withdrawal is not allowed before the completion of the 5-year lock-in period.
    • A nomination facility is available under the scheme.

    Eligibility criteria:

    • Individual Residents
    • Non-Resident Individuals
    • Senior Citizens above 60 years

    4. Floating Fixed Deposit

    • One of the unique deposit options offers the depositor flexible interest rates.
    • Rates under the scheme are flexible and can be changed yearly or quarterly benefitting the investors.
    • The RBI guidelines will only determine the change in the interest rates.
  • Features of Kotak Mahindra Bank Fixed Deposit Interest Rates

    The features and benefits of these fixed deposits are:

    • The tenure of Kotak FD interest rates ranges from 7 days to 10 years.
    • The Kotak FD rates are attractive, and in general, the senior citizens get a 0.50% extra interest rate on regular bank interest rates.
    • You can start your fixed deposit account with Kotak Mahindra Bank by investing a minimum amount of Rs. 5,000.
    • The bank provides the facility wherein you can avoid the penalties over premature encashment of the fixed deposits.
    • A nomination facility is available.
    • Premature withdrawals are available depending upon the bank scheme.
    • The fixed deposit account opening process is extremely easy and quick.
    • The bank provides the facility of loan against the FD amount.
    • There are many fixed deposit options to select from.
  • Kotak Bank FD Rate Calculator

    Kotak Mahindra Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps quickly calculate the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

    • The amount that is invested
    • The Rate of Interest offered
    • The tenure of the Fixed Deposit Account
    • The compounding period, that is, yearly, half-yearly, quarterly, or monthly
    • The FD Amount

    Once entered the following details, an investor will come to know:

    • The maturity value of the FD
    • The total interest earned during the complete tenure
  • Eligibility Criteria for Kotak Mahindra Bank

    The following individuals and groups are eligible to open a Kotak FD account-

    • Partnership firms
    • Individual/ Joint Account
    • Minors
    • Trusts
    • Joint Hindu families
    • Limited companies
    • Municipalities
    • Partnership firms
    • Educational institutions
    • Associations
    • Societies
  • Documents Required to Open a Kotak Bank FD Account

    1. Address Proof

    • Bank Statements (with Cheque)
    • Passport
    • Telephone/ Electricity Bill
    • A post-office-issued ID card or certificate

    2. Identity Proof

    • Voter ID card
    • Passport
    • Driving license
    • PAN card
    • Photo ration card
    • Government ID / Senior citizen ID card
  • How to Invest in the Kotak FD Scheme

    An investor can opt for either of the following methods to invest in the Kotak FD Scheme:

    1. Internet Banking

    The following steps need to be followed to invest via internet banking:

    • Login to the Kotak bank account
    • Click on the "Open Fixed Deposit" option under the "transaction" tab.
    • Fill in the needful details like the policy's tenure and the amount willing to be invested.
    • Provide nominee details.
    • Confirm all the details before proceeding further.
    • A receipt will be generated that can be downloaded instantly.

    2. Kotak Bank Mobile Application

    The following steps need to be followed to open an FD account via the mobile application of Kotak:

    • Download the Kotak bank application on your mobile (can be either ios or android).
    • After creating credentials, one can sign in to the application.
    • Head to the main menu and select the deposit option after signing in.
    • Under the "Deposits" option, choose the "Open Fixed Deposit" tab.
    • Fill in all the required details and upload the required documents.
    • A receipt will be generated after successfully providing all the details, which can be downloaded immediately.

    3. A Kotak FD Account Offline

    In the offline method of opening a Kotak Fixed Deposit Account, the investor needs to visit the nearest bank branch and fill out forms to open their respective FD account. All the relevant documents must be submitted to the branch manager with the deposit amount. After successfully verifying all the provided documents, the branch manager provides a receipt that is the account opening proof for the investor.

* Tax adjustment considering income tax slab of 30%
** Life cover for a plan with an annualized premium of Rs 1L
+ 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

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
ICICI FD Premature Withdrawal Penalty Calculator
ICICI offers various fixed deposit schemes which are highly liquid. The fixed deposit schemes allow partial
Read more
SBI Fixed Deposit Double Scheme
The SBI Fixed Deposit Double Scheme is named Special Term Deposit to cater to investors looking to double their
Read more

Get Guaranteed returns upto 7.5%*

Fully Tax-Free unlike FD, and Life Cover Included

*T&C Applied.

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL