Kotak Mahindra Bank offers Fixed-Deposit (FD) schemes that provide safe and stable returns for a fixed amount of time. The interest rates range from 2.75 to 7.25 % p.a., with a minimum deposit of Rs. 5000 and tenures ranging from 7 days to 10 years. Keep reading this blog to learn more about Kotak Mahindra FD and its interest rates.
Tenure | 7 days to 10 years |
Senior Citizen Interest Rates | 3.25-7.80% p.a. |
Public Interest Rates | 2.75-7.25% p.a. |
Highest Interest Rates for Public | 7.25% p.a. |
Highest Interest Rates for Senior Citizens | 7.80% p.a. |
Premature Withdrawal | 0.5%. Penalty |
Minimum Deposit Amount | Rs 5,000 |
FD interest rates for the deposits of below Rs.2 crore are given below. These rates are applicable for the Domestic, NRO and NRE.
Tenure | FD Rates for Regular Customers (% p.a.)* | FD Rates for Senior Citizens (% p.a.)* |
7 days to 14 days | 2.75 | 3.25 |
15 days to 30 days | 3.00 | 3.50 |
31 days to 45 days | 3.25 | 3.75 |
46 days to 90 days | 3.50 | 4.00 |
91 days to 120 days | 4.00 | 4.50 |
121 days to 179 days | 4.25 | 4.75 |
180 days | 7.00 | 7.50 |
181 days to 269 days | 6.00 | 6.50 |
270 days | 6.00 | 6.50 |
271 days to 363 days | 6.00 | 6.50 |
364 days | 6.50 | 7.00 |
365 days to 389 days | 7.10 | 7.60 |
390 days, i.e. 12 months 25 days | 7.25 | 7.75 |
391 days to less than 23 months | 7.30 | 7.80 |
23 months | 7.25 | 7.75 |
23 months 1 day to less than 2 years | 7.15 | 7.65 |
2 years to less than 3 years | 7.15 | 7.65 |
3 years to less than 4 years | 7.00 | 7.50 |
4 years to less than 5 years | 7.00 | 7.50 |
5 years to 10 years | 6.20 | 6.70 |
*Interest Rates as of 9th April 2025.
Kotak Mahindra Bank offers several types of FD accounts to its customers.
Type of FD Scheme | Minimum Deposit | Tenure | Features | Other Details |
Regular Fixed Deposit | Rs. 5,000 | 7 days to 10 years |
| Suitable for general savings with flexible payout options and liquidity via premature withdrawal. |
Senior Citizen FD | Rs. 5,000 | 7 days to 10 years |
| Monthly payout FDs require a minimum tenure of 181 days; discounted interest applies to monthly payouts. |
Tax Saving FD | Rs. 100 | 5 to 10 years |
| Suitable for tax-saving investments. Interest can be received quarterly or at maturity. A nominee can be appointed. |
You must fulfil one of the following eligibility criteria to open an FD account with the bank:
Penalty rate given in the table are applicable for Domestic, NRO and NRE accounts. Depositors will receive the money after deducting the penal rate from applicable rate of FD.
Tenure | Penalty |
Less than equal to 181 days | NIL |
Greater than 180 days to 364 days | 0.50% |
365 days and above | 1.00% |
Visit our easy-to-use FD calculator page to predict the returns you may receive upon putting your money in a fixed deposit account.
Other Kotak Bank Pages:
1. Kotak Bank Mobile Banking
2. Kotak Credit Card Cash Withdrawal Charges
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