The Kotak Bank FD interest rates are competitive and attractive for investors. Depending on the tenor chosen and the amount deposited, the Kotak FD interest rates can range from 2.50% per annum to 6.90% per annum. In addition to the attractive fixed deposit rates at Kotak Mahindra Bank, you can also choose an investment tenor ranging from 7 days to 10 years. To plan your FD investment better, you can even make use of the Kotak FD calculator, which is a free online tool.
Before you make your FD investment, check out the table below for more details on the Kotak Bank FD interest rates. As you can see, the Kotak Bank FD rates for senior citizens are higher than the rates offered on regular deposits by non-senior citizens.
Maturity Period |
Interest rates on deposits less than ₹2 Crore |
|
General |
Senior Citizen |
|
7 to 14 days |
2.50% |
3.00% |
15 to 30 days |
2.75% |
3.25% |
31 to 45 days |
3.25% |
3.75% |
46 to 90 days |
3.25% |
3.75% |
91 to 120 days |
3.75% |
4.25% |
121 to 179 days |
4.00% |
4.50% |
180 days |
5.00% |
5.50% |
181 to 269 days |
5.00% |
5.50% |
270 days |
5.00% |
5.50% |
271 days to 363 days |
5.25% |
5.75% |
364 days |
5.50% |
6.00% |
365 days to 389 days |
6.00% |
6.50% |
390 days |
6.10% |
6.60% |
391 days to less than 23 months |
6.10% |
6.60% |
23 months |
6.20% |
6.70% |
23 months and 1 day to less than 2 years |
6.20% |
6.70% |
2 years to less than 3 years |
6.20% |
6.70% |
3 years and above but less than 4 years |
6.10% |
6.60% |
4 years and above but less than 5 years |
6.10% |
6.60% |
5 years and above up to and inclusive of 10 years |
6.10% |
6.60% |
Maturity Period |
Interest rates on deposits of ₹2 Crores and above but less than ₹5 Crores |
Interest rates on deposits of ₹5 Crores and above but less than ₹10 Crores |
Interest rates on deposits of ₹10 Crores and above but less than ₹25 Crore |
Interest rates on deposits of ₹25 Crores and above |
7 to 14 days |
3.75% |
4.25% |
4.25% |
4.25% |
15 to 30 days |
3.75% |
4.25% |
4.25% |
4.25% |
31 to 45 days |
4.00% |
4.75% |
4.75% |
4.75% |
46 to 60 days |
4.75% |
5.00% |
5.00% |
5.00% |
61 to 90 days |
5.25% |
5.40% |
5.40% |
5.40% |
91 to 120 days |
5.50% |
6.00% |
6.00% |
6.00% |
121 to 179 days |
5.50% |
6.00% |
6.00% |
6.00% |
180 days |
5.75% |
6.10% |
6.10% |
6.10% |
181 to 270 days |
5.75% |
6.25% |
6.25% |
6.25% |
271 to 279 days |
4.00% |
4.50% |
4.50% |
4.50% |
280 to 364 days |
6.00% |
6.50% |
6.50% |
6.50% |
365 days to less than 15 months |
6.50% |
6.75% |
6.75% |
6.90% |
15 months to less than 18 months |
6.50% |
6.75% |
6.75% |
6.75% |
18 months to less than 2 years |
6.50% |
6.75% |
6.75% |
6.75% |
2 years and above but less than 3 years |
6.50% |
6.50% |
6.50% |
6.50% |
3 years and above but less than 4 years |
6.25% |
6.40% |
6.40% |
6.40% |
4 years and above but less than 5 years |
6.25% |
6.40% |
6.40% |
6.40% |
5 years and above upto and inclusive of 7 years |
6.00% |
6.25% |
6.25% |
6.25% |
Note: The above interest rates are as of October, 2022 and are applicable for retail domestic fixed deposits. They are subject to change from time to time depending on the bank’s policies.
The Kotak Mahindra Bank FD rates vary based on the category of investor and the tenor chosen. Check out the table below to get a better idea of the Kotak Bank FD interest rates, the interest earned and the maturity amount if you invest ₹1 Lakh for various tenors from 1 year to 5 years.
Tenor |
Non-Senior Citizen |
Senior Citizen |
||||
Interest Rate |
Interest Earned |
Maturity Amount |
Interest Rate |
Interest Earned |
Maturity Amount |
|
1 year |
6.00% |
₹6,136 |
₹1,06,136 |
6.50% |
₹6,660 |
₹1,06,660 |
2 years |
6.20% |
₹13,094 |
₹1,13,094 |
6.70% |
₹14,212 |
₹1,14,212 |
3 years |
6.10% |
₹19,916 |
₹1,19,916 |
6.60% |
₹21,699 |
₹1,21,699 |
4 years |
6.10% |
₹27,400 |
₹1,27,400 |
6.60% |
₹29,933 |
₹1,29,933 |
5 years |
6.10% |
₹35,351 |
₹1,35,351 |
6.60% |
₹38,723 |
₹1,38,723 |
Note: The above interest rates are as of October, 2022 and are applicable for retail domestic fixed deposits. They are subject to change from time to time depending on the bank’s policies.
As you can see, a Kotak Bank fixed deposit can be beneficial in many ways. If you are looking for a safe investment option that offers guaranteed returns, you can consider investing in a fixed deposit offered by Kotak Mahindra Bank. The attractive Kotak fixed deposit rates ensure that you earn competitive returns over your preferred tenor of investment. To plan your investment diligently, you can always make use of a Kotak FD calculator.
Fixed Deposit Rates for Other Banks |
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Yes. FD investments in Kotak Bank come with the facility of premature withdrawal, which can be done anytime upon the payment of a minor penalty levied at 0.50% on the Kotak Bank FD interest rate.
Extending the FD investment period is possible. You can do this using the online internet banking facility or by applying for the same at the nearest Kotak Bank branch.
Yes. The Kotak Mahindra Tax Saving Fixed Deposit is a type of FD investment offered by the bank. It offers tax benefits under section 80C of the Income Tax Act, 1961.
To make an FD investment, you can opt for an online form (via the internet banking portal or the app) or an offline form (to be submitted at the nearest branch).
Yes. According to the Income Tax Act, 1961 TDS is deducted by Kotak Bank if the annual interest amount exceeds ₹40,000 for non-senior citizens and ₹50,000 for senior citizens.
To claim a refund for the tax deducted on your fixed deposit interest, you need to file your income tax return and raise the refund request via this ITR form.
The verification and the processing of the refund request can take approximately 3 to 6 months.
Yes. Kotak Bank offers the facility to add nominees for your FD investments through the official internet banking portal, the mobile app or via a branch visit.
Yes. Kotak Bank offers a loan against fixed deposits of ₹50,000 and above with a tenor of 181 days or more. The limit for this loan or overdraft will be decided by the bank.
Yes, Kotak bank FD investment provides FD-backed credit cards. You can get this facility with fixed deposits as low as ₹10,000.
Kotak Mahindra Bank fixed deposit rates range from 2.50% to 6.50% for non-senior citizens, depending on the FD amount and the investment tenor.
Kotak Bank FD interest rates for senior citizens range from 3.00% to 6.90%. The rate depends on the FD amount and the investment tenor.
You can choose an investment tenor ranging from 7 days to 10 years.
The highest Kotak Bank FD interest rate is 6.90% (as of October 2022). This rate of interest is applicable for domestic deposits of ₹25 Crore and above, for a tenor ranging from 365 days to less than 15 months.
Indian residents, NRIs, senior citizens, members of HUF can all invest in a fixed deposit with Kotak Mahindra Bank. FDs for minors can also be opened by the parent or guardian.
Yes. The Kotak Mahindra Bank FD rates for senior citizens are higher than the rates applicable for non-senior citizens.