Fixed Deposits (FDs) or Term Deposits are one of the most important investment products offered by Kotak Mahindra Bank. Kotak Mahindra Bank offers you the option of opening an fixed deposit account with them. The bank offer a variety of tenures to choose from and the rate of return on the deposits are quite attractive as well.
Kotak Mahindra Bank FD Rates (Below Rs.2 crore)
Listed in the table below are the interest rates offered by Kotak Mahindra Bank on term deposits below Rs.2 crore.
| Tenure | Interest rate p.a. (General citizens) | Interest rate p.a. (Senior citizens) |
|---|---|---|
| 7 - 14 Days | 3.00% | 3.50% |
| 15 - 30 Days | 3.50% | 4.00% |
| 31 - 45 Days | 3.50% | 4.00% |
| 46 - 90 Days | 4.50% | 5.00% |
| 91 - 120 Days | 4.50% | 5.00% |
| 121 – 179 Days | 4.75% | 5.25% |
| 180 Days | 5.10% | 5.60% |
| 181 Days to 269 Days | 5.25% | 5.75% |
| 270 Days | 5.25% | 5.75% |
| 271 Days to 363 Days | 5.25% | 5.75% |
| 364 Days to 389 Days | 5.25% | 5.75% |
| 390 Days | 5.60% | 6.10% |
| 391 Days - less than 2 years | 5.25% | 5.75% |
| 2 years - less than 3 years | 5.00% | 5.50% |
| 3 years - 10 years | 5.00% | 5.50% |
Note: The interest rates mentioned in the table are as of 29 April 2020.
Kotak Mahindra Bank FD Rates (Above Rs.2 crore)
For deposits above Rs.2 crore, the rate of return provided by the bank on fixed deposits are listed in the table below:
| Tenure | Interest rate p.a. (Rs.2 crore to Rs.5 crore) | Interest rate p.a. (Above Rs.5 crore) |
|---|---|---|
| 7 - 14 Days | 3.00% | 2.50% |
| 15 - 30 Days | 3.00% | 3.00% |
| 31 - 45 Days | 3.50% | 3.25% |
| 46 - 60 Days | 3.75% | 3.50% |
| 61 - 90 Days | 3.75% | 3.75% |
| 91 - 120 Days | 4.00% | 3.75% |
| 121 - 179 Days | 4.25% | 4.00% |
| 180 Days | 5.00% | 4.00% |
| 181 Days to 270 Days | 5.00% | 4.25% |
| 271 Days to 279 Days | 3.50% | 3.25% |
| 280 Days to Less than 12 Months | 5.00% | 4.40% |
| 12 months - less than 15 months | 5.25% | 4.40% |
| 15 months - less than 18 months | 5.25% | 4.40% |
| 18 months – less than 2 years | 5.00% | 4.35% |
| 2 years and above but less than 3 years | 5.00% | 4.35% |
| 3 years and above but less than 5 years | 5.00% | 4.50% |
| 5 years and above | 5.00% | 4.50% |
Note: The interest rates mentioned in the table are as of 29 April 2020.
Kotak Mahindra Bank NRE and NRO FD Rates
When it comes to NRE and NRO Fixed deposits, the interest offered by Kotak Mahindra Bank is the same as the domestic fixed deposit rates.
Term-wise Kotak Mahindra Bank FD Interest Rates
Kotak Mahindra Bank Short-term Term Deposits
You can opt to open a short-term fixed deposit with Kotak Mahindra Bank. The tenure of a short-term FD ranges between 7 days to less than 12 months. The interest paid on such deposits is between 3.00% p.a. to 5.00% p.a. when the deposit amount is below Rs.2 crore.
Kotak Mahindra Bank Medium-term Deposits
The bank also offers the option of opening a medium-term fixed deposit. The tenure for such deposits range between 12 months to less 60 months. The rate of return on medium-term FDs is between 5.25% p.a. to 5.00% p.a.
Kotak Mahindra Bank Long-term Deposits
The interest paid on long-term fixed deposits by Kotak Mahindra Bank is 5.00% p.a. The tenure for long-term FDs is between 5 years and 10 years.
Kotak Mahindra Bank Fixed Deposit Interest Rates for Senior Citizens
Citizens who fall in the bracket of senior citizens are offered additional interest of 0.50% by the bank for opening an FD account with them. The payable interest is in the range of 3.50% p.a. to 5.50% p.a.
