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 rate of interest.

FDs in Kotak Mahindra Bank is a safe medium for investment. If the interest is paid out to the customer regularly, creating an income stream, this plan is called a Simple interest rates on FDs. Alternatively, Kotak Mahindra Bank also lets clients reinvest the interest in the FD in a compounded manner to maximise returns.

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

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.

Features of Kotak Mahindra Bank Fixed Deposit

Investment Amount  Minimum - Rs.10,000 (Existing customers) & Rs. 25,000 (New customers) Maximum- Rs. 99,99,000
Tenure  Minimum - 7 daysMaximum- 10 Years
Interest Rate  Minimum - 2.75 %Maximum- 4.50%

Kotak Mahindra Bank Fixed Deposit Rates 2020

Kotak Mahindra Bank FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 14 days 2.75% 3.25%
15 days to 30 days 3.00% 3.50%
31 days to 45 days 3.00% 3.50%
46 days to 90 days 3.50% 4.00%
91 days to 120 days 4.10% 4.50%
121 days to 179 days 4.10% 4.60%
180 days 4.50% 5.00%
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 4.75% 5.25%
365 days to 389 days 5.15% 5.65%
390 days 5.25% 5.75%
391 days to 22 months 29 days 5.25% 5.75%
23 months 5.25% 5.75%
23 months 1 day to 1 year 11 months 29 days 5.15% 5.65%
2 years to 2 years 364 days 4.90% 5.40%
3 years to 3 years 364 days 4.90% 5.40%
4 years to 4 years 364 days 4.75% 5.25%
5 years to 10 years 4.50% 5.00%

Comparison of FD Rates by Top 10 Financial Institutes

Name Interest Rates Tenure  
Axis Bank 5.75% 5 years to 10 years View Details
Bank of Baroda 5.30% 5 years 1 day to 10 years View Details
Bank of India 5.40% 5 years to 10 years View Details
Canara Bank 5.45% 3 years to 10 years View Details
Central Bank of India 5.35% 5 years to 10 years View Details
HDFC Bank 5.50% 5 years 1 day to 10 years View Details
ICICI Bank 5.50% 5 years 1 day to 10 years View Details
IDBI Bank 5.70% 7 years 1 day to 10 years View Details
State Bank Of India 5.40% 5 years to 10 years View Details
Yes Bank 7.00% 1 year to 10 years View Details

Additionals 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 sweep-in facility. By linking the FD(one or more) to a savings account, this provision allows the customers to enjoy liquidity and overdraft facility.

Kotak Mahindra Bank Fixed Deposit Rates

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

For Domestic Deposits - Less than Rs. 2 cr (As on 6th September 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

General

Senior Citizen

7 days to 14 days

Less than Rs. 2 cr

3.50%

4.00%

15 days to 30 days

Less than Rs. 2 cr

4.00%

4.50%

31 days to 45 days

Less than Rs. 2 cr

5.00%

5.50%

46 days to 90 days

Less than Rs. 2 cr

5.25%

5.75%

91 days to 120 days

Less than Rs. 2 cr

5.50%

6.00%

91 days to 179 days

Less than Rs. 2 cr

5.60%

6.10%

121 days to 179 days

Less than Rs. 2 cr

6.25%

6.75%

180 days

Less than Rs. 2 cr

6.25%

6.75%

181 days to 269 days

Less than Rs. 2 cr

6.25%

6.75%

270 days

Less than Rs. 2 cr

6.35%

6.75%

271 days to 363 days

Less than Rs. 2 cr

6.75%

6.85%

364 days

Less than Rs. 2 cr

6.75%

7.25%

365 days to 389 days

Less than Rs. 2 cr

6.80%

7.25%

390 Days (12 months 25 days)

Less than Rs. 2 cr

6.70%

7.25%

391 Days to 699 Days

Less than Rs. 2 cr

6.70%

7.30%

700 days (23 months)

Less than Rs. 2 cr

6.70%

7.20%

701 days to 2 years

Less than Rs. 2 cr

6.70%

7.20%

2 years to 3 years

Less than Rs. 2 cr

6.50%

7.00%

3 years to 4 years

Less than Rs. 2 cr

6.25%

6.75%

4 years to 5 years

Less than Rs. 2 cr

6.25%

6.75%

5 years to 10 years

Less than Rs. 2 cr

6.25%

6.75%


For Domestic Deposits - Rs. 2 cr to Rs. 5 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Rs. 2 cr to Rs. 5 cr

4.25%

15 days to 30 days

Rs. 2 cr to Rs. 5 cr

4.50%

31 days to 45 days

Rs. 2 cr to Rs. 5 cr

5.00%

46 days to 60 days

Rs. 2 cr to Rs. 5 cr

5.25%

61 days to 90 days

Rs. 2 cr to Rs. 5 cr

5.50%

91 days to 120 days

Rs. 2 cr to Rs. 5 cr

5.75%

121 days to 179 days

Rs. 2 cr to Rs. 5 cr

5.75%

180 days

Rs. 2 cr to Rs. 5 cr

6.10%

181 days to 270 days

Rs. 2 cr to Rs. 5 cr

6.15%

271 days to 12 months

Rs. 2 cr to Rs. 5 cr

4.75%

12 months to 15 months

Rs. 2 cr to Rs. 5 cr

6.35%

15 months to 18 months

Rs. 2 cr to Rs. 5 cr

6.35%

18 months to 2 years

Rs. 2 cr to Rs. 5 cr

6.50%

2 years to 3 years

Rs. 2 cr to Rs. 5 cr

6.50%

3 years to 4 years

Rs. 2 cr to Rs. 5 cr

6.25%

4 years to 5 years

Rs. 2 cr to Rs. 5 cr

6.25%

5 years to 7 years

Rs. 2 cr to Rs. 5 cr

6.25%

For Domestic Deposits - Rs. 10 cr to Rs. 25 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Rs. 10 cr to Rs. 25 cr

4.25%

15 days to 30 days

Rs. 10 cr to Rs. 25 cr

4.40%

31 days to 45 days

Rs. 10 cr to Rs. 25 cr

5.25%

46 days to 60 days

Rs. 10 cr to Rs. 25 cr

5.30%

61 days to 90 days

Rs. 10 cr to Rs. 25 cr

5.30%

91 days to 120 days

Rs. 10 cr to Rs. 25 cr

5.65%

121 days to 179 days

Rs. 10 cr to Rs. 25 cr

5.70%

180 days

Rs. 10 cr to Rs. 25 cr

6.00%

181 days to 270 days

Rs. 10 cr to Rs. 25 cr

6.05%

271 days to 12 months

Rs. 10 cr to Rs. 25 cr

4.55%

12 months to 15 months

Rs. 10 cr to Rs. 25 cr

6.00%

15 months to 18 months

Rs. 10 cr to Rs. 25 cr

6.00%

18 months to 2 years

Rs. 10 cr to Rs. 25 cr

6.10%

2 years to 3 years

Rs. 10 cr to Rs. 25 cr

6.15%

3 years to 4 years

Rs. 10 cr to Rs. 25 cr

6.15%

4 years to 5 years

Rs. 10 cr to Rs. 25 cr

6.15%

5 years to 7 years

Rs. 10 cr to Rs. 25 cr

6.15%

For Domestic Deposits - Rs. 25 cr and above (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Rs. 25 cr and above

4.25%

15 days to 30 days

Rs. 25 cr and above

4.40%

31 days to 45 days

Rs. 25 cr and above

5.25%

46 days to 60 days

Rs. 25 cr and above

5.30%

61 days to 90 days

Rs. 25 cr and above

5.30%

91 days to 120 days

Rs. 25 cr and above

5.65%

121 days to 179 days

Rs. 25 cr and above

5.70%

180 days

Rs. 25 cr and above

6.00%

181 days to 270 days

Rs. 25 cr and above

6.05%

271 days to 12 months

Rs. 25 cr and above

4.55%

12 months to 15 months

Rs. 25 cr and above

6.00%

15 months to 18 months

Rs. 25 cr and above

6.00%

18 months to 2 years

Rs. 25 cr and above

6.10%

2 years to 3 years

Rs. 25 cr and above

6.15%

3 years to 4 years

Rs. 25 cr and above

6.15%

4 years to 5 years

Rs. 25 cr and above

6.15%

5 years to 7 years

Rs. 25 cr and above

6.00%

For Domestic Deposits - Rs. 5 cr to Rs. 10 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Rs. 5 cr to Rs. 10 cr

4.25%

15 days to 30 days

Rs. 5 cr to Rs. 10 cr

4.40%

31 days to 45 days

Rs. 5 cr to Rs. 10 cr

5.25%

46 days to 60 days

Rs. 5 cr to Rs. 10 cr

5.30%

61 days to 90 days

Rs. 5 cr to Rs. 10 cr

5.30%

91 days to 120 days

Rs. 5 cr to Rs. 10 cr

5.65%

121 days to 179 days

Rs. 5 cr to Rs. 10 cr

5.70%

180 days

Rs. 5 cr to Rs. 10 cr

6.00%

181 days to 270 days

Rs. 5 cr to Rs. 10 cr

6.05%

271 days to 12 months

Rs. 5 cr to Rs. 10 cr

4.55%

12 months to 15 months

Rs. 5 cr to Rs. 10 cr

6.00%

15 months to 18 months

Rs. 5 cr to Rs. 10 cr

6.00%

18 months to 2 years

Rs. 5 cr to Rs. 10 cr

6.10%

2 years to 3 years

Rs. 5 cr to Rs. 10 cr

6.15%

3 years to 4 years

Rs. 5 cr to Rs. 10 cr

6.15%

4 years to 5 years

Rs. 5 cr to Rs. 10 cr

6.15%

5 years to 7 years

Rs. 5 cr to Rs. 10 cr

6.00%

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

General

Senior Citizen

Tax Saving Deposits - 5 year upto 10 year

Upto Rs. 1 lakh

6

6.5

Tax Implications

  1. 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.
  2. The applicable tax will be deducted at source, i.e. Kotak Mahindra Bank, in case the annual interest earned crosses Rs. 10,000.

For NRO Fixed Deposit - Less than Rs. 2 cr (As on 6th September 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Less than Rs. 2 cr

3.50%

15 days to 30 days

Less than Rs. 2 cr

4.00%

31 days to 45 days

Less than Rs. 2 cr

5.00%

46 days to 90 days

Less than Rs. 2 cr

5.25%

91 days to 120 days

Less than Rs. 2 cr

5.50%

91 days to 179 days

Less than Rs. 2 cr

5.60%

180 days

Less than Rs. 2 cr

6.25%

181 days to 269 days

Less than Rs. 2 cr

6.25%

270 days

Less than Rs. 2 cr

6.25%

271 days to 363 days

Less than Rs. 2 cr

6.35%

364 days

Less than Rs. 2 cr

6.75%

365 days to 389 days

Less than Rs. 2 cr

6.75%

390 Days (12 months 25 days)

Less than Rs. 2 cr

6.80%

391 Days to 699 Days

Less than Rs. 2 cr

6.70%

700 days (23 months)

Less than Rs. 2 cr

6.5%

701 days to 2 years

Less than Rs. 2 cr

6.5%

2 years to 3 years

Less than Rs. 2 cr

6.50%

3 years to 4 years

Less than Rs. 2 cr

6.25%

4 years to 5 years

Less than Rs. 2 cr

6.25

5 years to 10 years

Less than Rs. 2 cr

6.25%

 

For NRO Fixed Deposit - Rs. 2 cr to Rs. 5 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Rs. 2 cr to Rs. 5 cr

4.25%

15 days to 30 days

Rs. 2 cr to Rs. 5 cr

4.50%

31 days to 45 days

Rs. 2 cr to Rs. 5 cr

5.00%

46 days to 60 days

Rs. 2 cr to Rs. 5 cr

5.25%

61 days to 90 days

Rs. 2 cr to Rs. 5 cr

5.50%

91 days to 120 days

Rs. 2 cr to Rs. 5 cr

5.75%

121 days to 179 days

Rs. 2 cr to Rs. 5 cr

5.75%

180 days

Rs. 2 cr to Rs. 5 cr

6.10%

181 days to 270 days

Rs. 2 cr to Rs. 5 cr

6.15%

271 days to 12 months

Rs. 2 cr to Rs. 5 cr

4.75%

12 months to 15 months

Rs. 2 cr to Rs. 5 cr

6.35%

15 months to 18 months

Rs. 2 cr to Rs. 5 cr

6.50%

18 months to 2 years

Rs. 2 cr to Rs. 5 cr

6.50%

2 years to 3 years

Rs. 2 cr to Rs. 5 cr

6.50%

3 years to 4 years

Rs. 2 cr to Rs. 5 cr

6.25%

4 years to 5 years

Rs. 2 cr to Rs. 5 cr

6.25%

5 years to 7 years

Rs. 2 cr to Rs. 5 cr

6.25%

 For NRO Fixed Deposit - Rs. 10 cr to Rs. 25 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Rs. 10 cr to Rs. 25 cr

4.25%

15 days to 30 days

Rs. 10 cr to Rs. 25 cr

4.40%

31 days to 45 days

Rs. 10 cr to Rs. 25 cr

5.25%

46 days to 60 days

Rs. 10 cr to Rs. 25 cr

5.30%

61 days to 90 days

Rs. 10 cr to Rs. 25 cr

5.30%

91 days to 120 days

Rs. 10 cr to Rs. 25 cr

5.65%

121 days to 179 days

Rs. 10 cr to Rs. 25 cr

5.70%

180 days

Rs. 10 cr to Rs. 25 cr

6.00%

181 days to 270 days

Rs. 10 cr to Rs. 25 cr

6.05%

271 days to 12 months

Rs. 10 cr to Rs. 25 cr

4.55%

12 months to 15 months

Rs. 10 cr to Rs. 25 cr

6.00%

15 months to 18 months

Rs. 10 cr to Rs. 25 cr

6.00%

18 months to 2 years

Rs. 10 cr to Rs. 25 cr

6.10%

2 years to 3 years

Rs. 10 cr to Rs. 25 cr

6.15%

3 years to 4 years

Rs. 10 cr to Rs. 25 cr

6.15%

4 years to 5 years

Rs. 10 cr to Rs. 25 cr

6.15%

5 years to 7 years

Rs. 10 cr to Rs. 25 cr

6.00%

 

For NRO Fixed Deposit - Rs. 25 cr and above (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Rs. 25 cr and above

4.25%

15 days to 30 days

Rs. 25 cr and above

4.40%

31 days to 45 days

Rs. 25 cr and above

5.25%

46 days to 60 days

Rs. 25 cr and above

5.30%

61 days to 90 days

Rs. 25 cr and above

5.30%

91 days to 120 days

Rs. 25 cr and above

5.65%

121 days to 179 days

Rs. 25 cr and above

5.70%

180 days

Rs. 25 cr and above

6.00%

181 days to 270 days

Rs. 25 cr and above

6.05%

271 days to 12 months

Rs. 25 cr and above

4.55%

12 months to 15 months

Rs. 25 cr and above

6.00%

15 months to 18 months

Rs. 25 cr and above

6.00%

18 months to 2 years

Rs. 25 cr and above

6.10%

2 years to 3 years

Rs. 25 cr and above

6.15%

3 years to 4 years

Rs. 25 cr and above

6.15%

4 years to 5 years

Rs. 25 cr and above

6.15%

5 years to 7 years

Rs. 25 cr and above

6.00%

 

For NRO Fixed Deposit - Rs. 5 cr to Rs. 10 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 14 days

Rs. 5 cr to Rs. 10 cr

4.25%

15 days to 30 days

Rs. 5 cr to Rs. 10 cr

4.40%

31 days to 45 days

Rs. 5 cr to Rs. 10 cr

5.25%

46 days to 60 days

Rs. 5 cr to Rs. 10 cr

5.30%

61 days to 90 days

Rs. 5 cr to Rs. 10 cr

5.30%

91 days to 120 days

Rs. 5 cr to Rs. 10 cr

5.65%

121 days to 179 days

Rs. 5 cr to Rs. 10 cr

5.70%

180 days

Rs. 5 cr to Rs. 10 cr

6.00%

181 days to 270 days

Rs. 5 cr to Rs. 10 cr

6.05%

271 days to 12 months

Rs. 5 cr to Rs. 10 cr

4.55%

12 months to 15 months

Rs. 5 cr to Rs. 10 cr

6.00%

15 months to 18 months

Rs. 5 cr to Rs. 10 cr

6.00%

18 months to 2 years

Rs. 5 cr to Rs. 10 cr

6.10%

2 years to 3 years

Rs. 5 cr to Rs. 10 cr

6.15%

3 years to 4 years

Rs. 5 cr to Rs. 10 cr

6.15%

4 years to 5 years

Rs. 5 cr to Rs. 10 cr

6.15%

5 years to 7 years

Rs. 5 cr to Rs. 10 cr

6.00%

For NRE Fixed Deposit - Less than Rs. 2 cr (As on 6th September 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

365 days to 389 days

Less than Rs. 2 cr

6.75%

390 Days (12 months 25 days)

Less than Rs. 2 cr

6.80%

391 Days to 699 Days

Less than Rs. 2 cr

6.70%

700 days (23 months)

Less than Rs. 2 cr

6.70%

701 days to 2 years

Less than Rs. 2 cr

6.70%

2 years to 3 years

Less than Rs. 2 cr

6.50%

3 years to 4 years

Less than Rs. 2 cr

6.25%

4 years to 5 years

Less than Rs. 2 cr

6.25%

5 years to 10 years

Less than Rs. 2 cr

6.25%

For NRE Fixed Deposit - Rs. 2 cr to Rs. 5 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

12 months to 15 months

Rs. 2 cr to Rs. 5 cr

6.35%

15 months to 18 months

Rs. 2 cr to Rs. 5 cr

6.50%

18 months to 2 years

Rs. 2 cr to Rs. 5 cr

6.50%

2 years to 3 years

Rs. 2 cr to Rs. 5 cr

6.50%

3 years to 4 years

Rs. 2 cr to Rs. 5 cr

6.25%

4 years to 5 years

Rs. 2 cr to Rs. 5 cr

6.25%

5 years to 7 years

Rs. 2 cr to Rs. 5 cr

6.25%

For NRE Fixed Deposit - Rs. 10 cr to Rs. 25 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

12 months to 15 months

Rs. 10 cr to Rs. 25 cr

6.00%

15 months to 18 months

Rs. 10 cr to Rs. 25 cr

6.00%

18 months to 2 years

Rs. 10 cr to Rs. 25 cr

6.10%

2 years to 3 years

Rs. 10 cr to Rs. 25 cr

6.15%

3 years to 4 years

Rs. 10 cr to Rs. 25 cr

6.15%

4 years to 5 years

Rs. 10 cr to Rs. 25 cr

6.15%

5 years to 7 years

Rs. 10 cr to Rs. 25 cr

6.00%

For NRE Fixed Deposit - Rs. 25 cr and above (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

12 months to 15 months

Rs. 25 cr and above

6.00%

15 months to 18 months

Rs. 25 cr and above

6.00%

18 months to 2 years

Rs. 25 cr and above

6.1%

2 years to 3 years

Rs. 25 cr and above

6.15%

3 years to 4 years

Rs. 25 cr and above

6.15%

4 years to 5 years

Rs. 25 cr and above

6.15%

5 years to 7 years

Rs. 25 cr and above

6%

For NRE Fixed Deposit - Rs. 5 cr to Rs. 10 cr (As on 15th October 2019)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

12 months to 15 months

Rs. 5 cr to Rs. 10 cr

6.00%

15 months to 18 months

Rs. 5 cr to Rs. 10 cr

6.00%

18 months to 2 years

Rs. 5 cr to Rs. 10 cr

6.1%

2 years to 3 years

Rs. 5 cr to Rs. 10 cr

6.15%

3 years to 4 years

Rs. 5 cr to Rs. 10 cr

6.15%

4 years to 5 years

Rs. 5 cr to Rs. 10 cr

6.15%

5 years to 7 years

Rs. 5 cr to Rs. 10 cr

6%

*Rates are subject to change from time to time

Written By: PolicyBazaar - Updated: 28 October 2020
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