Kotak Bank FD Interest Rates

Kotak Bank Fixed Deposit Interest Rates for 2026

The highest interest rate on Kotak Bank FD, 6.65% p.a. for regular depositors and 7.15% p.a. for senior citizens, is available on a tenure of 2 years to less than 3 years, effective from 23rd September, 2026:

*Kotak Bank FD interest rates w.e.f. 23rd September, 2026

How Are Kotak Bank Fixed Deposit Rates Decided?

Kotak Bank revises its published FD rates from time to time based on its deposit pricing. The FD interest rates depend on the period of deposit, amount of deposit, category of the depositor and type of fixed deposits. The rate given may also vary in case of premature withdrawal.

• RBI and Market Interest Rates: The bank deposit rates are also affected by the policy rate of the RBI as well as the general structure of interest rates. Kotak Bank reserves the right to change FD rates according to market conditions and financial needs.
• Senior Citizen Benefit: Kotak Senior Citizen FD rates include an additional 0.50% p.a. for resident senior citizens aged 60 years and above over the applicable regular FD rate for eligible deposits. This benefit does not apply to Kotak NRO FD or NRE FD and certain products such as ActivMoney.
• Deposit Size, Category and Tenure: The bank offers a different rate schedule for deposits of less than ₹3 crore and has different rates for larger accounts. Different banks offer different fixed deposit interest rates that may vary with the maturity tenures. Not all deposits have equal interest rates.
• Premature withdrawal: For Kotak Bank FD premature withdrawal, the applicable rate is lower than the actual rate after applicable penalties. The penalty is nil for deposits of up to 180 days, 0.50% for deposits above 180 days up to 364 days, and 1.00% for deposits of 365 days and above.

Kotak Bank FD Rates for Deposits of ₹3 Crore and Above

The highest Kotak FD rates for deposits of ₹3 crore to less than ₹5 crore are 6.65% p.a. for general and senior citizens on the tenure of 2 years to less than 3 years, effective from 23rd September 2026:

*Kotak Bank FD interest rates for deposits above ₹3 crore effective from 23rd September, 2026

Kotak Bank Tax Saver FD Scheme

Kotak Mahindra Bank Tax Saving FD has a minimum deposit requirement of ₹100 and a maximum of ₹1.50 lakh in a financial year. Depositors have the option to have interest paid out quarterly or reinvested till maturity. Nomination is available, but the tax-saving FD cannot be pledged as security for a loan.

Eligible depositors are entitled to a deduction up to ₹1.50 lakh under Section 123 read with Schedule XV of the Income Tax Act, 2025 (formerly Section 80C), subject to applicable criteria on the FD. Kotak Bank revises its published FD rates from time to time based on its deposit pricing. The deposit has a minimum lock-in period of five years, and no withdrawal of principal or accrued interest is allowed before maturity.

Kotak Bank Senior Citizen FD Rates

Kotak Bank offers an additional 0.50% p.a. to resident senior citizens aged 60 years and above over the applicable regular FD rate. Based on the listed rates for deposits below ₹3 crore, Kotak Bank senior citizen FD interest rates range from 3.25% to 7.30% p.a. The senior citizen benefit is not applicable to NRO/NRE deposits, ActivMoney and non-withdrawable FDs.

Key Features of Kotak Bank Fixed Deposit

Kotak Bank fixed deposits offer different tenures, interest payout and withdrawal options to suit varying deposit requirements. Below are the main features:

• Sweep-in facility: Kotak Bank sweep-in FD or Kotak ActivMoney facility provides liquidity by linking qualified fixed deposits with a current or savings account.
• Flexible Interest Payment Options: Based on the appropriate FD option, depositors can opt for monthly or quarterly interest payments or just leave it invested till maturity.
• Online FD Booking: Kotak Bank’s Net Banking and Mobile Banking allow all customers to book fixed deposits.
• Flexible Tenure Choices: Deposit the funds in the FD generally for a period of 7 days to 10 years, as per your needs. For non-callable FDs, the tenure ranges from 91 days to 5 years, subject to the applicable terms and conditions.
• Overdraft Facility: Depositors can avail of an overdraft facility of up to 90% of the fixed deposit value, subject to the applicable terms and conditions.

Kotak Bank FD Interest Rate Calculator

The Kotak Bank fixed deposit interest calculator helps you estimate the interest earned and maturity amount depending on deposit amount, tenure and relevant interest rate. The interest on cumulative deposits is compounded quarterly and added to the principal amount to calculate interest for the rest of the quarters. The tool can be used to compare the various FD possibilities before investing.