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Kotak Mahindra Bank RD Interest Rates
Kotak Mahindra Bank offers Recurring Deposit (RD) interest rates based on the tenure and customer type. These rates enable customers to earn fixed returns by making a fixed monthly investment. The general customer RD rates are between 5.50% and 6.70% p.a., and the senior citizen rates are between 6.00% and 7.20% p.a., depending on the preferred tenure.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
6.9%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)We are rated++
13.2 Crore
Registered Consumer
53
Insurance Partners
6.29 Crore
Policies Sold
Get Guaranteed returns up to 6.9%*
Fully Tax-Free, Life Cover Included
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- Kotak Mahindra Bank RD Interest Rates
What is Kotak Mahindra Bank Recurring Deposit?
Kotak Mahindra Bank Recurring Deposit (RD) is a disciplined savings investment that allows you to create a fund by making regular monthly deposits over a predetermined term, while benefiting from competitive RD interest rates. It is suitable for customers who wish to save without being exposed to market volatility.
You can start with a minimum of ₹100 per month. The maximum monthly deposit is ₹1,00,000 for tenures up to 36 months and ₹25,000 for tenures above 36 months. The tenure ranges from 6 months to 10 years, in multiples of 3 months.
Kotak Mahindra Bank RD Interest Rates
Below is an indicative table of Kotak Mahindra Bank RD interest rates across different tenures:
| Tenure | General (% p.a.) | Senior Citizen (% p.a.) |
| 6 Months | 5.50 | 6.00 |
| 9 Months | 6.00 | 6.50 |
| 12 Months | 6.50 | 7.00 |
| 15 Months | 6.70 | 7.20 |
| 18 Months | 6.70 | 7.20 |
| 21 Months | 6.70 | 7.20 |
| 24 Months | 6.70 | 7.20 |
| 27 Months | 6.70 | 7.20 |
| 30 Months | 6.70 | 7.20 |
| 33 Months | 6.70 | 7.20 |
| 3 years – less than 4 years | 6.40 | 6.90 |
| 4 years – less than 5 years | 6.40 | 6.90 |
| 5 years – 10 years | 6.25 | 6.75 |
*Kotak Mahindra Bank RD Interest Rates w.e.f. February 11th, 2026
Key Features of Kotak Mahindra Bank RD
Kotak RD offers a number of features that make this a reliable and convenient savings option:
- Loan Against RD: It allows the customer to borrow a Kotak Mahindra Bank loan against RD balance without the RD being closed. This provides liquidity in emergencies and enables RD to continue receiving interest.
- Premature Withdrawal Facility: It allows Kotak Mahindra Bank RD premature withdrawal when needed. The interest is calculated based on the duration covered, including penalties 0.50% to 1%. No interest is paid if closed within one month.
- Penalty on Late Instalments: If an instalment is delayed beyond the 5-day grace period, penal interest of RD rate + 2% p.a. is charged for the month of delay. Even a partial delay is treated as a full month, and charges are adjusted at maturity.
- Tax Deducted at Source (TDS): Interest earned on the income is subject to TDS when it surpasses the stipulated limit as per the income tax regulations.
- Digital Access & RD Calculator: Kotak Bank offers digital-based services, including an RD calculator to calculate the sum of money to save or the maturity value of investments.
How to Open a Kotak Mahindra Bank Recurring Deposit
Starting on the recurring deposit with Kotak Mahindra Bank is very simple and can be done online or offline.
Online Method
The online process of opening Kotak Mahindra Bank recurring deposit is fast and convenient for existing customers.
- Log in: Access Net Banking or Mobile Banking.
- Go to Deposits: Click Deposits.
- Select RD Option: Select "Open Recurring Deposit”.
- Enter Details: Add the instalment amount and tenure.
- Set Auto-Debit: Link your savings account.
- Confirm Application: Review and submit to activate instantly.
Offline Method
It is also possible to open an RD at a Kotak Mahindra Bank branch.
- Visit the Branch: Go to the nearest branch.
- Get Form: Request RD application form.
- Fill Details: Fill in the personal and deposit information.
- Submit KYC: Submit the necessary documents.
- Choose Mode: Select auto-debit or manual.
- Pay Instalment: Make the initial deposit.
Eligibility Criteria for Kotak Mahindra Bank RD
Kotak RD accounts are available to most applicants, with the normal banking conditions.
- Existing Savings Account Requirement: To open and maintain an RD, the customer must hold a Kotak Mahindra Bank savings account.
- Resident Individuals: Resident individuals with valid KYC can open an RD account, including self-employed and salaried individuals.
- Minors: Minors may open an RD account under the guidance of their parent or legal guardian.
- Joint Account Holders: A joint RD account can be opened by two or more persons in either an either-or-survivor or jointly.
- HUFs, Firms & Institutions: As per the bank norms, HUFs, Firms, Companies, and Trusts are eligible.
- NRIs (NRE/NRO Accounts): Non-Resident Indians can open RD accounts using corresponding NRE or NRO accounts, subject to RBI guidelines.
Key Takeaways
Kotak Mahindra Bank RD allows disciplined savings that require monthly deposits of ₹100 with RD tenures of 6 months to 10 years. It gives fixed returns (5.50% to 6.70% p.a., compounded quarterly) with loan against RD, premature withdrawal, and easy online account management, which makes it suitable for financial planning.
FAQs
-
1. What will be the premature withdrawal penalty in a Recurring Deposit?
Interest is paid at the rate charged for the holding period or the rate contracted at the time the contract is made, whichever is lower, plus a penalty of 0.5% to 1%, depending on the term. -
2. Is it possible to change the date of tenure or instalment (auto-debit)?
No, you cannot change the tenure or instalment due date after the RD is opened. -
3. What is the instalment date for my Recurring Deposit?
The monthly instalment date is established according to the date of the first instalment and it does not change during the RD tenure. -
4. What are the minimum and maximum amounts for monthly investment?
The minimum amount varies from ₹100 in one month. The maximum amount that can be deposited is ₹1,00,000 in a period of 36 months and ₹25,000 in a period of more than 36 months.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to
10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years
for investment amount upto 1.5 Lac
+ 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
## The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 6.9% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ