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
hdfc-life
sbi-bank
hdfc-bank
hdfc-life
Returns (Max Tenure)
5.75%
5.5%
5.75%
Highest Return6.3%
Life Cover
No
No
No
Yes
Tax Saving
No
No
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 return beater
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%
Show More

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%
  • 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:

    • 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
  • Penal Charges on Premature Withdrawal of Fixed Deposit

    1. For Domestic / NRE / NRO

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

    2. 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

    • 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.
    • The applicable tax will be deducted at the source, i.e., Kotak Mahindra Bank, in case the annual interest earned crosses Rs. 10,000.

FD Rates articles

Recent Articles
Popular Articles
AU Bank FD Rates Calculator

05 Aug 2022

AU Bank FD Rates Calculator is an easy-to-use and hassle-free...
Read more
Shriram Finance FD Rates

01 Aug 2022

Shriram Group, headquartered in Chennai, is an Indian...
Read more
Prathama UP Gramin Bank FD Rates

22 Jul 2022

Prathama UP Gramin Bank is supported by Punjab National Bank...
Read more
Tamil Nadu Power Finance FD Rates

22 Jul 2022

Under the ownership of the Government of Tamil Nadu, Tamil Nadu...
Read more
AU Small Finance Bank FD Rates

18 Jul 2022

AU Small Finance Banks' history goes a long way where it is...
Read more
SBI Bank FD Interest Rates
SBI (State Bank of India) is one of the leading Indian banks with more than 42 crores customer base. SBI...
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
SBI FD Premature Withdrawal Penalty Calculator
A fixed deposit (FD) is an interest-bearing investment that offers assured returns for a fixed tenure. In this...
Read more
Fixed Deposit Income Tax Exemption
A fixed deposit is considered the best investment option for those looking for a stable return without exposing...
Read more
FD Premature Withdrawal Penalty Calculator
FD Premature Withdrawal Penalty Calculator calculates the penalty imposed on the investor for premature...
Read more

Looking for a Fixed Return on your investment?
Get 100% Guaranteed amount along with Life Cover
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL