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    Kotak Mahindra Bank Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.10% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    7 Days to 10 Years
    6% - 6.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Kotak Mahindra Bank Fixed Deposit Rates is Rated as "Excellent!" by 44 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Kotak Mahindra Bank Fixed Deposit Rates

    Kotak Mahindra is one of the leading private banks of the country. The bank was established in the year 1985 and since then has progressed one of the favourite banks of customers.

    Kotak Mahindra Bank recently took over ING Vysya with merger formalities completed in April 2015 after receiving RBI approval. Under the merged entity, ING Vysya Bank will function under the Kotak brand. Post the takeover, ING Vysya Bank will hold 6.5% in the newly merged entity.

    Kotak Mahindra Bank provides a host of banking services to its customers and has expertise in private banking, corporate banking, investment banking as well as asset management. The bank also indulges in a lot of social activities and aims to be the most trusted financial service provider of the country.

    The updated list of Kotak Mahindra BANK FD Rates, for Regular and Senior Citizen, is listed below:

    Maturity Periods - Premature Withdrawal AllowedRegular Less than Rs.1 Crore# %Senior Citizen Less than Rs.1 Crore# %
    7 - 14 Days3.54
    15 - 30 Days44.5
    31 - 45 Days55.5
    46 - 90 Days5.46.1
    91 - 120 Days5.66.1
    121 - 179 days66.5
    180 Days6.46.9
    181 Days to 269 Days6.46.9
    270 Days6.46.9
    271 Days to 363 Days6.46.9
    364 Days6.67.1
    365 Days to 389 Days6.67.1
    390 Days (12 months 25 days)6.67.1
    391 Days - Less than 23 Months6.57
    23 Months6.46.9
    23 months 1 Day- less than 2 years6.46.9
    2 years- less than 3 years6.46.9
    3 years and above but less than 4 years6.256.75
    4 years and above but less than 5 years6.256.75
    5 years and above upto and inclusive of 10 years66.5
    Minimum and Maximum Kotak fd interest rates 2017 for Regular and Senior Citizen
    Kotak FD Rates

    Kotak Mahindra Short-Term Fixed Deposit Rates

    Kotak Mahindra has very short-term fixed deposits also that have a period of 7-14 days and fetch an interest rate of 3.5% per annum which is 0.5% less than the rate earned by deposits ranging from 15-30 days. Deposits with a period of 31-45 days are rewarded at a rate of 5.0% while the rate earned by deposits of 46-90 days is considerably higher at 5.4% per annum. An extremely attractive rate of 5.6% is offered for deposits that have a tenure of 91-179 days. Fixed deposits with a deposit period of exactly 180 days earn the same competitive interest rate of 6.4% per year. Same rate is offered on term deposits of 181-269 days. The rate of interest remains the same at 6.4% for deposits with tenures of 270 days and 6.4% for deposits with deposit period between 271 Days to 363 Days. The highest interest rate of 6.6% is fetched by fixed deposits with a tenure of 364 days.

    Kotak Mahindra Mid-Term Fixed Deposit Rates

    The rate of interest remains the same at 6.6% for deposits that have a deposit period between 365 days to 390 days. Deposits ranging between 391 days to less than 2 years fetch a slightly lower rate of 6.5% per annum as compared to the deposits with a tenure of more than 390 days. Which again same for tenure 2 years to 3 years and decreased by .2% for 3 years to 4 years at 6.25%.

    Kotak Mahindra Long-Term Fixed Deposit Rates

    Kotak Mahindra fixed deposits that have a deposit period of 4 years and above but less than 5 years are pegged at 6.25%.

    Kotak Mahindra Fixed Deposit Rates for Senior Citizens

    Senior citizen customers of Kotak Mahindra have a great opportunity of investing in fixed deposits which can earn them great rates of interest. These deposits are pegged at 0.50% more, over and above the regular rates offered on each of the fixed deposit schemes.

    Know how to Link Your KYC Dcuments to Kotak Mahindra Bank Account

    News About Kotak Mahindra Bank Fixed Deposit

    • Interest Rate Changes for Term Deposits in Kotak Mahindra Bank

      The rates for deposits across banks in India have seen deductions post the repo rate cut by the Reserve Bank of India. While loans have also seen a sizable reduction, reductions in fixed deposit rates are not that much of a good news. Kotak Mahindra Bank has kept its rates on fixed deposit at more agreeable values for amounts below INR 50 lakhs. The financial institution is popular in the segment of housing finance and has lowered rates for loans, but interestingly has maintained its lucrative interest rates on fixed deposits.

      As of April 12, 2016, deposits of 12 months earn interest at a rate of 9% per annum and that is the current lowest rate on offer from Kotak Mahindra. Tenures of deposits ranging from 14 months to 36 months get a nominal increase of 0.25% and thus offer an interest rate of 9.25% per annum. The same rate is also applicable for tenures of 48 months to 120 months. The highest rate of interest offered by DHFL is currently 9.35% per annum and is applicable for deposit tenures of 40 months. For senior citizens, all applicable rates are upped by an additional 0.25% as per the same tenures.

      26th April 2016

    • Kotak Bank Fixed Deposit Rate Changes

      The fixed deposit rates from Kotak Bank are a mixed bag of goodies in the year of 2016. The rates have increased by fractional amounts for certain terms and some tenures have been interchanged to accommodate certain changes. Repo rate changes had lessened the base rate of the bank but it seems the strong drive of Kotak Bank to allow better returns for its customers has sustained and is going to benefit people looking to save through the bank’s fixed deposit accounts for the applicable tenures.

      As of January 2016, the lowest interest rate is at 4% for deposits ranging from 7 days to 14 days. The rate for the tenure of 15 to 30 days has also jumped up by another 0.50% to 4.5%. For tenures of 31 days to 45 days and 46 days to 90 days, the same increase of 0.50% has brought the effective rate of interest to 6% per annum and 6.5% per annum. For the deposits that have a tenure of 91 days to 179 days, the rate of interest is now fixed at 7% per annum. For 180 days’ tenure, the rate of interest now reads 7.30% and there is a fractional increase of 0.20% for the next tenure of 181 days to 363 days. 7.75% per annum is the current rate of interest for deposits that have a tenure of 364 days. There is a 0.15% increase in the rates for terms within 365 days to 390 days. There is a decline of interest rates for deposit tenures from 391 days till 10 years. The regressing rate of interest during that section of deposit tenure gives customers rates like 7.75%, 7.65%, 7.50% and 7.25% per annum.

      Rates are given a 0.50% additional boost for senior citizens.

      3rd February 2016

    • Interest Rates of Kotak Mahindra Bank

      Owing to competitive rate of interests in the market, fixed deposits products from Kotak Mahindra Bank are highly sought-after. The interest rates for term deposits have been revised according to the directive from Reserve Bank of India.

      The interest rate for the deposit of less than Rs. 10 crore having a tenure of 270 days has been increased by 0.10% and is now at 7.50%, as against the previous rate of 7.40%. The annualized yield also saw a 0.10% hike from 7.54% to 7.64%. Interest rates have also been revised for senior citizens fixed deposits of less than Rs. 10 crore and annualized yield, with a hike of 0.10%. The current rates of the deposit and annualized yield are 8% and 8.16%, unlike the previous rates of 7.90% and 8.06% respectively.

      The rate of interest applicable on 271 to 363 days on fixed deposits and annualized yield, for regular as well as senior citizens will be the same, as the previous rates of 7.50% & 7.64% for regular deposits and 8% & 8.16% for senior citizens.

      25th November 2015

    • Interest Rates drop for Kotak Bank Fixed Deposits

      Post the directive by the Reserve Bank of India, many banks have slowly begun to pass the benefits of the repo rate cuts to their customers, and as a result, that has also brought down the base rate of banks as well as the interest rates offered on fixed deposits. Kotak Bank, the fourth largest private bank in India in terms of market capitalization, has also reduced interest rates across a few tenures in its fixed deposit accounts.

      Interest rates for short term deposits hasn’t varied for periods of up to 45 days, while the period of 46-90 days has seen a drop of 0.5% and currently has an interest rate of 7.5%. The period of 91 days-179 days now offers a reduced rate of 7.5% as opposed to the earlier 8.25%. From 180 days to 270 days, the rates have dropped to 7.75%. Rates have dropped to 8% for periods of 271-364 days. The highest rate of interest currently being offered on fixed deposits by the bank is 8.20% on periods of 365-390 days and 700 days only.

      26th August 2015

    Kotak Mahindra Bank Fixed Deposit Reviews

    • Kotak Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      Of course even foreclosure of FD, can be done through the mobile application of KOTAK . Also it is easy to compare the rates on the net banking and it is excellent too. When I placed a request for liquidation it takes about 2 hours of time and it is very easy to change the maturity instruction through the mobile app.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2017
    • Kotak Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have savings account with Kotak Mahindra bank. Even I have fixed deposit account as well. The period of FD is for one year. The bank is assigned relationship manager for me as I have so many accounts with them. I got good response from them for my FD. 1 years, 1years, relationship manager
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • Kotak Fixed Deposit
      "Customer centric"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the Kotak mahindra bank and I have done it for tax saving purpose and the account on time because I can even open this account through online itself. Interest rate is around 7.25% per annum for my deposit, also it will compounded quarterly, so the interest will be huge. Online banking services are really working good and there are not much hindrance over there.I can say they are user friendly, also I been allocated with the seperate relationship manager, which really isolated from the traditional customer service practice.
      Was this review helpful? 4
      , bangalore
      Reviewed on Feb 05, 2017
    • Kotak Fixed Deposit
      "very easy to do FD"
      0.5 4.5/5 "Excellent!"
      its very easy to do FD in kotak bank,we just have to lgoin on netbanking or in app and select upto which amount we want to do FD and time line and thats it.their interest rates are also very competitive and maybe not the best interest rates offered but still they are good.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jan 31, 2017
    • Kotak Fixed Deposit
      "Be more customer centric"
      0.5 1.0/5 "Really Bad"
      I walked in to Kotak Mahindra bank thrice to apply for a fixed deposit and I inquired with them the various plans rather terms in opening this account and none was able to provide me the information I needed. They need to be more customer centric.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 07, 2016
    • Kotak Fixed Deposit
      "this is not a good bank for fix deposit"
      0.5 0.5/5 "Unacceptable"
      No good understanding with customers. There is no point making Fix deposits in this bank during maturity lot of problems to get maturity amount. Even through you have all proof and evidence.Bank ask physical letter. It is not a friendly bank. You can make a fix deposit but you can't break it
      Was this review helpful? 6
      , bangalore
      Reviewed on Sep 09, 2016
    • Kotak Fixed Deposit
      "Best security for money"
      0.5 5.0/5 "Blown Away!"
      Kotak is offering 8.10% interest rate for Fixed deposit plan for a tenure of 10 years. Minimum amount to start the plan is Rs.50,000. There is no any processing fee for the plan and after the maturity the amount will be credited to the account easily.We can avail it through online as well.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Jun 08, 2016
    • Kotak Fixed Deposit
      "Wide focus"
      0.5 4.0/5 "Great!"
      I am happy to say that there is no penalty charges for premature withdrawal of fixed deposit, which has been done by the bank voluntarily when surplus funds are available more than the minimum balance with the Kotak Mahindra Bank but the charges will be applicable, If it has been initiated from the customer end. Benefits can be reap from them while it comes to unlimited ATM transaction and their responsive customer service center. I am happy with them and I had been banking with them for two years of time.
      Was this review helpful? 4
      , mumbai
      Reviewed on May 09, 2016
    • Kotak Fixed Deposit
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      I got to open my fixed deposit with Kotak Mahindra Bank. The services are good. I had an option online to open this account. It was easy and convenient. The rate of interest is good. When compared to other banks. There are no charges too. Overall good.
      Was this review helpful? 8
      , bangalore
      Reviewed on Apr 16, 2016
    • Kotak Fixed Deposit
      "Best "
      0.5 5.0/5 "Blown Away!"
      As of now I am having the fixed deposit with the Kotak mahindra bank but it got opened with the ING vysya bank. The interest rate is good when compare with markets , also I can withdraw the money anytime without any charges. Everything can be done through online instantly.
      Was this review helpful? 6
      , bangalore
      Reviewed on Apr 15, 2016
    • Kotak Fixed Deposit
      "Awesome"
      0.5 5.0/5 "Blown Away!"
      I had the fixed deposit account with the Kotak Mahindra Bank and the interest rate was around 8.75%. The response is very good with them and the minimum lock in period is around six months of time. The customer service is an awesome one.
      Was this review helpful? 10
      , bangalore
      Reviewed on Mar 01, 2016
    • Kotak Fixed Deposit
      "Much better...."
      0.5 5.0/5 "Blown Away!"
      Earlier I had a fixed account with Kotak mahindra bank. I was opened last 1 year ago. have no issues with them. Interest rate offered by them was much better than other bank. Only thing is charges. Non balance maintenance charges are higher and it should be reduce.
      Was this review helpful? 9
      , bangalore
      Reviewed on Feb 02, 2016
    • Kotak Fixed Deposit
      "Excellent !!!!!"
      0.5 5.0/5 "Blown Away!"
      Kotak mahiandra is offering 7.75% interest for fixed deposit for the minimum lock in period is 80 days . I avail the service by visiting the bank . They do no charge any activation charges. In case we break the plan in between 1% penalty will be charged.
      Was this review helpful? 8
      , lucknow
      Reviewed on Jan 20, 2016
    • Kotak Fixed Deposit
      "Its fine"
      0.5 5.0/5 "Blown Away!"
      KOTAK FD is fine. They have to increase the tenure. They are providing FD for a short term only at present. I am holding this FD for a period of one year. I am getting some tax benefits as well. I am very much satisfied with them. I have to place a request for KOTAK FD Online. I am getting updates from them on time.
      Was this review helpful? 9
      , ghaziabad
      Reviewed on Dec 12, 2015
    • Kotak Fixed Deposit
      "Phenomenal..."
      0.5 5.0/5 "Blown Away!"
      Every three month I use to open fixed deposit with Kotak Mahindra bank and now I have multiple deposits. I opened via mobile application and Kotak has fantastic mobile application. I am fond of Kotak in way of their work. Customer queries are resolving in just an hour and the rate is 8.46% if I am not wrong.
      Was this review helpful? 6
      , new delhi
      Reviewed on Nov 27, 2015
    • Kotak Fixed Deposit
      "Awesome returns "
      0.5 5.0/5 "Blown Away!"
      Kotak offered above 10% interest rate for the fixed deposit with the minimum lock in period of one ear. There will be no any extra charges if we break the lock in period. Minimum amount to start the plan is Rs. 2500. There is no any activation charges. After the maturity the amount will be credited to the account
      Was this review helpful? 5
      , new delhi
      Reviewed on Nov 17, 2015
    • Kotak Fixed Deposit
      "Best in netbanking facilities...."
      0.5 4.0/5 "Great!"
      My fixed account is with Kotak bank. In terms of interest part, which is not high different. When I compare to ICICI, HDFC and AXIS Bank interest part was almost equal. I am using their mobile application. I did every thing through on line in terms of deposit.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 17, 2015
    • Kotak Fixed Deposit
      "FIXED DEPOSIT"
      0.5 4.5/5 "Excellent!"
      I have an account with Kotak Mahendra Bank. and FD rate they are providing is reaaly good which is 7.9%. compare to other banks in our area (Karnataka bank and Dena Bank 7.75% and uco bank 7.8%) and the service is also very good by kotak mahendra bank.I am Really Happy With this bank.
      Was this review helpful? 4
      , mumbai
      Reviewed on Oct 29, 2015
    • Kotak Fixed Deposit
      "Good interest..."
      0.5 4.0/5 "Great!"
      Along with the saving account, I opened fixed account with KOTAK Bank. They took only 7working days. When I compare to HDFC and ICICI bank, Kotak bank has given some more benefits compare to others. I am getting good interest form them compare to others.
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 22, 2015
    • Kotak Fixed Deposit
      "Overall its okay..."
      0.5 3.0/5 "Satisfactory"
      I am maintain a fixed account with Kotak bank for the past 2years. They offered good interest rate of 8.5%. Only thing is, web portal was not working all the time. On line process will take long time and it would be great if they improve their on line process.
      Was this review helpful? 2
      , bangalore
      Reviewed on Oct 12, 2015
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