Kotak Mahindra Bank FD Rates 2021

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 Kotak fixed deposit account with them. The bank offers 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)
7 to 14 Days 2.50%
15 to 30 Days 2.50%
31 to 45 Days 2.75%
46 to 90 Days 2.75%
91 - 120 Days 3.25%
121 to 179 days 3.25%
180 Days 4.40%
181 Days to 269 Days 4.40%
270 Days 4.40%
271 Days to 363 Days 4.40%
364 Days 4.40%
365 Days to 389 Days 4.50%
390 Days (12 months 25 days) 4.90%
391 Days - Less than 23 Months 4.90%
23 Months 5.00%
23 months 1 Day- less than 2 years 5.00%
2 years- less than 3 years 5.00%
3 years and above but less than 4 years 5.10%
4 years and above but less than 5 years 5.25%
5 years and above up to and inclusive of 10 years 5.30%

Note: The interest rates mentioned in the table are as of 25 March 2021.

Kotak Mahindra Bank FD Rates (Above Rs.2 crore)

Listed in the table below are the interest rates offered by Kotak Mahindra Bank on term deposits above Rs.2 crore but less than Rs.10 crore.

Maturity Period - Premature Withdrawal Allowed Rs. 2 Crore & above but below Rs. 5 Crores # Rs. 5 Crores & above but below Rs. 10 Crores #
7 to 14 Days 2.50% 2.50%
15 to 30 Days 2.50% 2.75%
31 to 45 Days 2.75% 3.00%
46 to 60 Days 3.00% 3.00%
61 to 90 Days 3.00% 3.00%
91 to 120 Days 3.00% 3.25%
121 to 179 Days 3.00% 3.40%
180 Days 3.75% 3.75%
181 Days to 270 Days 3.75% 3.75%
271 Days to 279 Days 2.90% 2.75%
280 Days to Less than 12 Months 3.80% 3.75%
12 months - less than 15 months 4.00% 4.00%
15 months - less than 18 months 4.25% 4.00%
18 months - less than 2 Years 4.50% 4.00%
2 years and above but less than 3 years 4.75% 4.25%
3 years and above but less than 4 years 5.00% 4.50%
4 years and above but less than 5 years 5.00% 4.50%
5 years and up to 7 years 5.00% 4.50%

Note: The interest rates mentioned in the table are as of 25 March 2021.

Listed in the table below are the interest rates offered by Kotak Mahindra Bank on term deposits above Rs.10 crore.

Maturity Period - Premature Withdrawal Allowed Rs. 10 Crore & above but below 25 Crores # Rs. 25 Crores & above #
7 to 14 Days 2.50% 2.50%
15 to 30 Days 2.75% 2.75%
31 to 45 Days 3.00% 3.00%
46 to 60 Days 3.00% 3.00%
61 to 90 Days 3.00% 3.00%
91 to 120 Days 3.25% 3.25%
121 to 179 Days 3.40% 3.40%
180 Days 3.75% 3.75%
181 Days to 270 Days 3.75% 3.75%
271 Days to 279 Days 2.75% 2.75%
280 Days to Less than 12 Months 3.75% 3.75%
12 months - less than 15 months 4.00% 4.00%
15 months - less than 18 months 4.00% 4.00%
18 months - less than 2 Years 4.25% 4.00%
2 years and above but less than 3 years 4.25% 4.10%
3 years and above but less than 4 years 4.50% 4.50%
4 years and above but less than 5 years 4.50% 4.50%
5 years and above up to & inclusive of 7 years 4.50% 4.50%

Note: The interest rates mentioned in the table are as of 25 March 2021.

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 2.50% p.a. to 4.40% 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 4.50% p.a. to 5.25% p.a.

Kotak Mahindra Bank Long-term Deposits

The interest paid on long-term fixed deposits by Kotak Mahindra Bank is 5.30% p.a. The tenure for long-term FDs is between 5 years and 10 years.

News About Kotak Mahindra Bank Fixed Deposit

  • Kotak Mahindra Bank revises interest rates on their fixed deposits

    As Kotak Mahindra revised their rate of interest applicable on term deposits, customers opting for the fixed deposits will receive an interest rate between 2.50% and 5.25% based on the tenures chosen. Kotak Mahindra Bank will be offering an interest rate of 2.5%, 2.75% and 3.25% for the term deposits maturing in 7 to 30 days, 31 days to 90 days and 91 days to 179 days respectively.

    A rate of interest of 4.40% will be given for the term deposits maturing in 180 days to less than 1 year. For the deposits maturing in 1 year to 389 days, the interest rate applicable will be 4.50% and for the ones maturing in 391 days to less than 2 years, 4.75% will the applicable rate of interest.

    Kotak Mahindra offers a 5% interest on the term deposits maturing in 2 years to less than 3 years and for the ones maturing in 3 years to less than 4 years, 5.10% will be the rate of interest given. The highest interest rate will be for the term deposits maturing in 4 years and above to less than 5 years at 5.25%.

    10 February 2021

  • Kotak Mahindra Bank revises rates of fixed deposits

    Interest rate on fixed deposits have been revised by Kotak Mahindra Bank effective from 22 October 2020 for select maturities. The current interest rates range from 2.50% to 5%. The revised interest rates are for tenures that mature in 7 to 30 days (interest rate of 2.5%), 31 to 90 days (interest rate of 3%), and 91 to 179 days (interest rate of 3.5%). For tenures ranging from 180 days to less than 365 days, the interest rate is 4.50%. For tenures ranging from 365 days to 389 days, the interest rate is 4.60%. For tenures ranging from 391 days to less than 2 years, the interest rate is 4.90%. For tenures ranging from 23 months to less than 2 years, the interest rate is 5%. The interest rate is 4.90% for tenures that range from 24 months to less than 48 months. For tenures that range from 4 years to less than 60 months, the interest rate is 4.75%. For tenures above 5 years and going up to 10 years, the interest rate is 4.50%. All these are for deposits of below Rs.2 crore and are applicable for the general public. Senior citizens will get an additional interest rate of 50 basis points which will be 3% to 5.5% for tenures that range from 7 days up to 10 years.

    22 October 2020

  • Kotak Mahindra Bank Cuts Down Interest Rates on Fixed Deposits

    Kotak Mahindra Bank revised its interest rates being offered on the fixed deposits of selected maturities which were effective from 18 October 2019. Previously, the bank had revised the interest rates on 13 September 2019. The interest rate for different maturities ranges from 3.50% to 6.75% per annum.

    For the fixed deposits maturing in 7 to 14 days, 15 to 30 days and 31 to 45 days, Kotak Mahindra Bank is offering an interest rate of 3.5%, 4.00% and 5.00% per annum respectively. After the latest revision, on FDs between 46-90 days, Kotak Mahindra Bank is offering an interest rate of 5.25% per annum.

    The interest rate given is 5.50% on fixed deposits maturing between 46 and 90 days. Kotak Mahindra Bank will be offering an interest rate of 5.60% on FDs maturing between 121 and 179 days. For the term deposits maturing in 180 to 270 days, an interest rate of 6.25% is given by the bank. For the FDs maturing in 271 days to 363 days, the bank offers an interest rate of 6.35% per annum. For deposits maturing in 364 days (less than 1 year), the Kotak Mahindra offers an interest rate of 6.75% per annum.

    Senior citizens will be receiving 50 basis points higher interest rates than the general public. The bank offers interest rates ranging between 4.00% and 7.25% on the fixed deposits maturing in 7 days to 10 years.

    Apart from Kotak Mahindra Bank, State Bank of India (SBI), HDFC Bank, Axis Bank, Punjab National Bank (PNB), IndusInd are some of the other banks which revised interest rates for FDs in the month of October.

    22 October 2019

  • Kotak Mahindra Bank Revises Fixed Deposit Rates

    Kotak Mahindra Bank has revised their interest rates for fixed deposits which has been effective from 6 September 2019. The current rate of interest for fixed deposits ranges from 3.50% per annum to 6.80% per annum.

    For the fixed deposits which are maturing in 7 to 14 days, 15 to 30 days and 31 to 45 days, Kotak Mahindra Bank offers interest rate 3.5%, 4.00% and 5% respectively.

    After their latest revision, the Bank is offering 5.25% interest on the fixed deposits maturing between 46-90 days. For a tenure of 91 to 120 days, the interest rate which is offered is 5.50%.

    Kotak Mahindra Bank is offering an interest rate of 5.60% for the fixed deposits maturing between 121 and 179 days. For term deposits maturing in 3 months to 9 months, Kotak Mahindra Bank is offering a 6.25% interest.

    For FDs maturing in 271 days to less than 1 year, Kotak Mahindra Bank offers an interest rate of 6.35%. The highest rate of interest for deposits maturing in less than a year is for a duration of 364 days with an interest rate of 6.75% per annum.

    For the fixed deposits maturing between one year to 389 days, an interest rate of 6.75% is given. For deposits maturing in 390 days, the interest rate offered is 6.80%.

    Fixed deposits which are maturing in 391 days to less than 23 months, Kotak Mahindra Bank gives 6.70% interest. For deposits maturing in 23 months to less than 2 years, the bank is offering a 6.70% interest. After the latest revision, fixed deposits maturing within a period 390 days will be given the highest interest rate of 6.80%.

    13 September 2019

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