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Kotak Mahindra Bank FD Rates

Achieve capital growth with competitive Kotak Mahindra Bank FD rates. Flexibility to make a Fixed Deposit of as low as Rs. 5,000 Flexibility to avail a booking period starting from as low as 7 days to a maximum term of 10 years . Flexibility to choose among the available options for receiving interest – monthly, quarterly or keep it invested till maturity. Avail Net Banking facilities for booking Fixed Deposits online Offers liquidity by enabling FD accountholders to withdrawal prematurely, i.e., before the completion of the full FD term, on most FDs Offers liquidity through sweep-in facility Offers nomination facility. It Helps in achieving portfolio diversification Includes overdraft facility against Fixed Deposits.

Kotak Mahindra Bank FD Rates for 2019

Regular Kotak Mahindra Bank FD Rates for Domestic / NRO / NRE FIXED DEPOSITS effective from 26th March 2019. (Rates are subject to change from time to time)

Maturity Periods - Premature Withdrawal AllowedLess than Rs. 2 croreAnnualized Yield
7 - 14 Days3.50%3.50%
15 - 30 Days4.00%4.00%
31 - 45 Days5.00%5.00%
46 - 90 Days5.00%5.50%
91 - 120 Days6.25%6.25%
121 - 179 Days6.25%6.25%
180 Days6.50%6.50%
181 Days to 269 Days6.60%6.71%
270 Days6.60%6.71%
271 Days to 363 Days7.00%7.12%
364 Days7.00%7.12%
365 Days to 389 Days7.00%7.19%
390 Days (12 Months 25 Days)7.20%7.40%
391 Days - Less than 23 Months7.20%7.40%
23 Months7.20%7.40%
23 Months 1 Day- less than 2 Years7.20%7.40%
2 Years - less than 3 Years7.10%7.29%
3 Years and above but less than 4 Years7.00%7.19%
4 Years and above but less than 5 Years7.00%7.19%
5 Years and above up to and inclusive of 10 Years6.50%6.66%

Kotak Mahindra Bank FD Rates for Domestic / NRO / NRE Fixed Deposits

Effective from 3rd April 2019. (Rates are subject to change from time to time

Maturity Period - Premature Withdrawal AllowedRs. 2 cr & above but below Rs. 5 crRs. 5 cr & above but below Rs. 10 crRs. 10 cr & above but below 25 crRs. 10 cr & above but below 25 cr
7 days to 14 days4.50%4.25%4.25%4.25%
15 - 30 Days4.50%4.75%4.75%4.75%
31 - 45 Days6.256.256.256.25
46 - 60 Days6.25%6.40%6.40%6.40%
61 - 90 Days6.50%6.60%6.60%6.60%
91 - 120 Days6.75%6.85%6.85%6.85%
121 - 179 Days6.75%7.00%7.00%7.00%
180 Days7.00%7.20%7.20%7.20%
181 Days to 270 Days7.00%7.10%7.10%7.10%
271 Days to 279 Days5.75%5.60%5.60%5.60%
280 Days to Less than 12 Months7.307.307.307.30
12 months - less than 15 months7.25%7.20%7.20%7.20%
15 months - less than 18 months7.25%7.20%7.20%7.20%
18 months - less than 2 Years7.25%7.20%7.20%7.20%
2 years and above but less than 3 years7.00%7.00%7.00%7.00%
3 years and above but less than 4 years7.00%6.75%6.75%6.75%
4 years and above but less than 5 years7.00%6.75%6.75%6.75%
5 years and above up to & inclusive of 7 years6.50%6.00%6.00%6.00%

Kotak Mahindra Bank FD Rates for Domestic/NRO/NRE Fixed Deposits – Premature Withdrawal Not Allowed

Interest Rates for Domestic / NRO / NRE Fixed Deposits effective from 3rd April 2019 (Rates are subject to change from time to time)

Maturity Period - Premature Withdrawal Not AllowedRs. 2 cr & above but below Rs. 5 croreRs. 5 cr & above but below Rs. 10 croreRs. 10 cr & above But below 25 croreRs. 25 cr & Above
91 - 120 DaysNA6.95%6.95%6.95%
121 - 179 DaysNA7.10%7.10%7.10%
180 DaysNA7.30%7.30%7.30%
181 Days to 270 Days7.10%7.20%7.20%7.20%
271 Days to 279 Days5.85%5.70%5.70%5.70%
280 Days to Less than 12 Months7.35%5.70%5.70%5.70%
12 months - less than 15 Months7.35%7.30%7.30%7.30%
15 months - less than 18 Months7.35%7.30%7.30%7.30%
18 months - less than 2 Years7.35%7.30%7.30%7.30%
2 years and above, but less than 3 Years7.10%7.10%%7.10%7.10%

FAQs on Kotak Mahindra Bank FD Rates

What is the Kotak Mahindra Bank FD rate for senior citizens?

For Active Money (2 way sweep deposits), Kotak Mahindra Bank FD rates that is applicable for all customers is also applicable for senior citizens.

Can I make alterations to the tenure of my ongoing Kotak Mahindra Bank Fixed Deposit?

No, existing Kotak Mahindra Bank FD accounts cannot be altered.

How to open a Kotak Mahindra Bank Fixed Deposit account without a PAN card?

The alternative for PAN card as a document while opening a Fixed Deposit at Kotak Mahindra Bank is to submit Form 16 with correct information.

What is the highest Kotak Mahindra Bank FD rate?

The highest Kotak Mahindra Bank FD rate is 7.35% and is applicable to the following Maturity Period slabs:

  • 280 Days to Less than 12 Months
  • 12 months - less than 15 Months
  • 15 months - less than 18 Months
  • 18 months - less than 2 Years

What are the FD tenure options available with Kotak Mahindra Bank Fixed Deposit?

Kotak Mahindra Bank FD tenure options are:

  • 7 - 14 Days
  • 15 - 30 Days
  • 31 - 45 Days
  • 46 - 90 Days
  • 91 - 120 Days
  • 121 - 179 Days
  • 180 Days
  • 181 Days to 269 Days
  • 270 Days
  • 271 Days to 363 Days
  • 364 Days
  • 365 Days to 389 Days
  • 390 Days (12 Months 25 Days)
  • 391 Days - Less than 23 Months
  • 23 Months
  • 23 Months 1 Day- less than 2 Years
  • 2 Years - less than 3 Years
  • 3 Years and above but less than 4 Years
  • 4 Years and above but less than 5 Years
  • 5 Years and above up to and inclusive of 10 Years

What is the minimum amount required to start a Kotak Mahindra Bank Fixed Deposit account?

Minimum deposit required for a new customer to start a Kotak Mahindra Bank Fixed Deposit account is Rs. 10,000.

What are the eligibility criteria to open a Kotak Mahindra Bank Fixed Deposit account?

Any of the following can open a Kotak Mahindra Bank Fixed Deposit:

  • Individuals, both individuals and minors
  • Joint accounts that include more than one individuals
  • Joint Hindu Families
  • Illiterate individuals
  • Blind individuals
  • Partnership firms
  • Limited companies and partnership firms
  • Trusts
  • Sole proprietary concerns
  • Municipalities and panchayats
  • Charitable, religious, and educational institutions
  • Associations, societies, clubs, etc.
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