Kotak Mahindra Bank RD 2026
The Kotak Recurring Deposit is designed for you to achieve your goals on your own terms. This deposit gives you the freedom to choose a Term & Amount you wish to invest every month and earn Guaranteed Return at applicable interest rate.
A recurring deposit account can be opened with Kotak Mahindra Bank by any resident individual or a member of a Hindu Undivided Family (HUFs). The bank offers a variety of tenures when it comes to RD with the minimum and maximum tenures being six months and ten years, respectively.
The interest rates offered are attractive and range from 5.50% p.a. to 6.70% p.a. for general citizens. Senior citizens are offered an additional interest of 0.50% on all tenures.
The interest rates offered by Kotak Mahindra Bank on recurring deposits are listed below:
Tenure | Interest Rates for General Citizen (p.a.) | Interest Rate for Senior Citizen Rates (p.a.) |
6 Months | 5.50% | 6.00% |
9 Months | 6.00% | 6.50% |
12 Months | 6.50% | 7.00% |
15 Months | 6.70% | 7.20% |
18 Months | 6.70% | 7.20% |
21 Months | 6.70% | 7.20% |
24 Months | 6.70% | 7.20% |
27 Months | 6.70% | 7.20% |
30 Months | 6.70% | 7.20% |
33 Months | 6.70% | 7.20% |
3 years - less than 4 years | 6.40% | 6.90% |
4 years - less than 5 years | 6.40% | 6.90% |
5 years - 10years | 6.25% | 6.75% |
Note: The interest rates mentioned above are in effect from 4 February 2026 and are subject to change at the discretion of the bank.
Kotak Mahindra Bank - Short Term RD Interest Rates
You can open a short-term recurring deposit with Kotak Mahindra Bank to fulfil short-term saving goals. The bank offers small tenures that start from 6 months andup to 18 months with the rate of interest being in the range of 5.50% p.a. to 6.70% p.a. Senior citizens can avail interest between 6.00% p.a. and 7.20% p.a. on opening short-term RDs with Kotak Mahindra Bank.
Kotak Mahindra Bank - Medium Term RD Interest Rates
As far as medium-term recurring deposit goes, Kotak Mahindra offers tenures that range from one year to nine months to less than five years. The rate of interest offered is in the range of 6.00% p.a. to 6.70% p.a. The highest interest paid under medium term RDs is for the tenure of 1 year 9 months. Individuals above the age of 60 years who invest in medium term RDs are eligible for interest in the range of 6.50% p.a. to 7.20% p.a.
Kotak Mahindra Bank - Long Term RD Interest Rates
Long term RDs are tenures that run from 5 years to 10 years. The bank offers general public an interest of 6.25% p.a. while senior citizens are paid 6.75% p.a.
FAQs on Kotak Mahindra Bank RD Interest Rates
- What are the payout options for Kotak Mahindra Bank recurring deposits?
The interest and principal amount of your Kotak Mahindra Bank RD will be paid out only on maturity or if you prematurely withdraw your deposit (subject to the penal charge).
- Are premature withdrawals allowed for Kotak Mahindra Bank recurring deposits?
Premature withdrawals are allowed for Kotak Mahindra Bank RDs but with a penal charge of 0.5%. For deposits that are prematurely withdrawn within a month of opening it, only the principal amount is returned and no interest is paid.
- On which date will the recurring deposit amount be debited from my savings account for my Kotak Mahindra RD?
Your savings account will be debited for your Kotak Mahindra RD on the same date every month as the date that the first instalment was debited.
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