Kotak Mahindra Bank NRO/NRE/FCNR FD Rates
Non-resident Indians (NRIs) can open NRE and NRO fixed deposits as well as FCNR (B) deposits with Kotak Mahindra Bank. The interest rates offered on the deposits are attractive and can range between 2.75% and 6.60% p.a. for the general public. The deposits can be opened for a period that ranges between 7 days and 10 years.
Kotak Mahindra Bank NRO Fixed Deposit Rates
For opening a NRO fixed deposit account, the interest rate offered on deposits below Rs.3 crore are mentioned in the tables below:
Tenure | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizen (p.a.) |
7 - 14 Days | 2.75% | 3.25% |
15 - 30 Days | 3.00% | 3.50% |
31 - 45 Days | 3.25% | 3.75% |
46 - 90 Days | 3.50% | 4.00% |
91 Days | 5.00% | 5.50% |
92 Days - 179 Days | 4.25% | 4.75% |
180 Days | 6.00% | 6.50% |
181 Days to 269 Days | 5.75% | 6.25% |
270 Days | 5.75% | 6.25% |
271 Days to 363 Days | 6.00% | 6.50% |
364 Days | 6.00% | 6.50% |
365 Days to 389 Days | 6.25% | 6.75% |
390 Days (12 months 25 days) | 6.50% | 7.00% |
391 Days - Less than 23 Months | 6.60% | 7.10% |
23 Months | 6.60% | 7.10% |
23 months 1 Day- less than 2 years | 6.50% | 7.00% |
2 years- less than 3 years | 6.40% | 6..90% |
3 years and above but less than 4 years | 6.40% | 6.90% |
4 years and above but less than 5 years | 6.40% | 6.90% |
5 years and above upto and inclusive of 10 years | 6.25% | 6.75% |
Note: The interest rates mentioned in the table are as of 3 July 2025.
Kotak Mahindra Bank FCNR Deposit Rates
Given below are the Kotak Mahindra Bank FCNR (Foreign Currency Non-Resident) deposit interest rates:
Maturity | USD (< 0.5 mio) | USD (>= 0.5 mio) | GBP | EURO | AUD | SGD |
1 Year-Less than 2 Year | 4.60% | 4.60% | 4.50% | 2.45% | 3.95% | 2.15% |
2 years -Less than 3 Year | 4.25% | 4.25% | 4.30% | 1.50% | 3.90% | 2.00% |
3 Year-Less than 4 year | 3.70% | 3.70% | 3.60% | 1.50% | 3.50% | No Quote |
4 Year-Less than 5 Year | 3.70% | 3.70% | No Quote | No Quote | No Quote | No Quote |
5 Years Only | 3.50% | 3.50% | No Quote | No Quote | No Quote | No Quote |
Note: Kotak Mahindra Bank FCNR rates are effective from 1 July 2025. It must be noted here that the rates are subject to change as per the discretion of the bank.
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FAQs on Kotak Mahindra Bank NRE FD Rates
- What is the minimum amount for opening a NRE and NRO Fixed deposit?
To open a NRE or NRO Fixed deposit, you need to make a minimum investment of Rs.50,000.
- What is the minimum tenure to earn interest on FCNR (B) deposits?
You can earn interest on your FCNR (B) deposit by keeping the investment for a minimum period of 1 year.
- Can students pursuing studies in foreign countries open a NRE fixed deposit with Kotak Mahindra Bank?
Yes, students pursuing studies in foreign countries are eligible to open a NRE fixed deposit with Kotak Mahindra Bank.
- Is the facility of auto renewal of fixed deposits on maturity available?
Yes, the facility is offered by Kotak Mahindra Bank.
- Can a NRO fixed deposit be opened jointly by NRI/PIOs and resident Indians?
Yes, it can be opened jointly by NRI/PIOs and resident Indians.
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