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.
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Save upto ₹46,800 in tax under Sec 80C
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Inbuilt Life Cover
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Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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Get higher Returns than Fixed Deposit along with Tax Benefits
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Fixed Deposit Interest Rates
- Kotak Mahindra FD Rates
Features of Kotak Mahindra Bank Fixed Deposit
| BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
| Axis Bank FD Rates | 2.50% - 5.75% | 2.50% - 6.50% |
| 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% |
| Canara Bank FD Rates | 2.90% - 5.40% | 2.90% - 5.90% |
| 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% |
| HDFC Bank FD Rates | 2.50% - 5.60% | 3.00% - 6.35% |
| IDFC Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
| Indian Bank FD Rates | 2.90% - 5.15% | 3.40% - 5.65% |
| Indian Overseas Bank FD Rates | 3.40% - 5.20% | 3.90% - 5.70% |
| 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% |
| SBI FD Rates | 5.30% - 5.40% | 5.80% - 6.20% |
| UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
| Yes Bank FD Rates | 3.25% - 6.25% | 3.75% - 7.25% |
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.
For Domestic / NRO / NRE Deposits – Premature Withdrawals Allowed
Deposits Less than Rs. 2 Crores (As of 6th May 2022)
| Maturity Period | Regular Citizens | Senior Citizens |
| 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% |
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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% |
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% |
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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% |
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% |
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
About Kotak Mahindra Bank Fixed Deposit Interest Rate Calculator
Kotak Mahindra Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of 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:
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The amount that is invested
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The Rate of Interest offered
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The tenure of the Fixed Deposit Account
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The compounding period, that is, yearly, half-yearly, quarterly, or monthly
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The FD Amount
Once entered the following details, an investor will come to know:
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The maturity value of the FD
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The total interest earned during the complete tenure
Penal Charges on Premature Withdrawal of Fixed Deposit
For Domestic / NRE / NRO
| Tenure of Fixed Deposit | Penalty |
| Less than 181 days | Nil |
| 181 days and above | 0.50% |
Tax Saver FD (Max Deposit - 1 LPA)
| 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 |
Tax Implications
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The amount invested in Fixed Deposit with a tenure of 5 years with Kotak Mahindra Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
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The applicable tax will be deducted at the source, i.e., Kotak Mahindra Bank, in case the annual interest earned crosses Rs. 10,000.
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