• Kotak Mahindra Bank FD Rates 2019

    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 days to 14 days 3.50% 4.00%
    15 days to 30 days 4.00% 4.50%
    31 days to 45 days 5.00% 5.50%
    46 days to 90 days 5.25% 5.75%
    91 days to 120 days 5.75% 6.25%
    121 days to 179 days 6.00% 6.50%
    180 days 6.25% 6.75%
    181 days to 270 days 6.40% 6.90%
    271 days to 363 days 6.50% 7.00%
    364 days 6.75% 7.25%
    12 months to 12 months 24 days 6.75% 7.25%
    12 months 25 days 6.90% 7.40%
    12 months 26 days to 36 months 6.80% 7.30%
    36 months to less than 48 months 6.75% 7.25%
    48 months to less than 60 months 6.50% 7.00%
    60 months to 120 months 6.25% 6.75%

    Note: The interest rates mentioned in the table are as of 23 August 2019.

     

    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.10 crore)
    7 days to 14 days 4.25% - 4.50% 4.50%
    15 days to 30 days 4.50% 4.50%
    31 days to 45 days 5.00% - 5.50% 5.50%
    46 days to 60 days 5.25% - 5.70% 5.70%
    61 days to 90 days 5.50% - 5.75% 5.75%
    91 days to 120 days 5.75% - 5.80% 5.80%
    121 days to 179 days 5.80% - 6.00% 5.80%
    180 days 6.05% - 6.25% 6.05%
    181 days to 270 days 6.20% - 6.25% 6.20%
    271 days to 279 days 4.80% - 4.85% 4.80%
    280 days to less than 1 year 6.40% - 6.50% 6.40%
    1 year to less than 1 year 3 months 6.40% - 6.75% 6.40%
    1 year 3 months to less than 3 years 6.30% - 6.75% 6.30%
    3 years to less than 5 years 6.25% - 6.50% 6.25%
    5 years to 7 years 6.00% - 6.25% 6%

    Note: The interest rates mentioned in the table are as of 23 August 2019.

     

    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 3.50% p.a. to 6.75% 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 6.50% p.a. to 6.90% p.a.

    Kotak Mahindra Bank Long-term Deposits

    The interest paid on long-term fixed deposits by Kotak Mahindra Bank is 6.25% 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 4.00% p.a. to 7.40% p.a.

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

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    Kotak Mahindra Bank Fixed Deposit Reviews

    • Kotak Fixed Deposit
      "Excellent Banking"
      0.5 5.0/5 "Blown Away!"
      I activated FD account with Kotak, I have been maintaining this account since when I opened saving account, I converted Rs. 5000 for one year. They are providing interest around 7.6% per annum, the online netbanking and mobile app is very convenient for deposit to FD.
      Was this review helpful? 5
      , mumbai
      Reviewed on Aug 03, 2019
    • Kotak
      Kotak Fixed Deposit
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I activated fixed deposit through Kotak Mahindra online banking, minimum we can invest from Rs. 10,000 for the duration of one year. The interest rate is good than other bank, there is no charges for per mature liquidity. The closure procedure is very easily I can also deactivate the FD service through online.
      Was this review helpful? 3
      , chandigarh
      Reviewed on Jun 21, 2019
    • Kotak Fixed Deposit
      "Best investment Plan"
      0.5 5.0/5 "Blown Away!"
      I have taken fixed deposit account in kotak mahindra Bank . They are not charging any charges for the account . I used to get income tax benefits . Am satisfied with the customer service and response.They are giving good rate of interest . Overall am happy with my account .
      Was this review helpful? 6
      , bangalore
      Reviewed on Feb 20, 2019
    • Kotak Fixed Deposit
      "Good features"
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra Bank is good in their customer services. I bank with them for the fixed deposit. I could open this account online. The lock in period is for one and half year. The rate of interest is really good. I could also close the account online.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Feb 07, 2019
    • Kotak Fixed Deposit
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I am having a Fixed Deposit account with Kotak Mahindra bank, they provide good services when compared to other banks. I get good interest rate in returns after the maturity period which is after 3 years. Customer support is average with Kotak Mahindra bank.
      Was this review helpful? 6
      , chennai
      Reviewed on Jan 10, 2019
    • Kotak Fixed Deposit
      "Easy process to open a FD"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit account with Kotak Mahindra Bank. The process to open this account is easy. I can do it online. They also offer a good rate of interest on the account. I get 7.5% on my deposited amount of 30K. There is a lock in period of one year.
      Was this review helpful? 20
      , new delhi
      Reviewed on Aug 02, 2018
    • Kotak Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the Kotak mahindra bank and the customer service is good one. Interest rate with the deposit is fine like its according to the market rate. Everything is good one with the Kotak mahindra bank.
      Was this review helpful? 5
      , ghaziabad
      Reviewed on Nov 29, 2017
    • 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? 1
      , 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? 1
      , 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? 5
      , 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? 10
      , 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
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