Kotak Mahindra Bank FD Interest Rate and Calculator

Q: What is the highest Kotak Mahindra Bank FD rate today?

The highest Kotak Mahindra Bank FD rate for general citizens is 6.80% p.a. and 7.30% p.a. for senior citizens, on deposits below Rs. 3 crore. This rate applies to the 2 Yrs to < 3 Yrs tenure.

Q: What is the lowest Kotak Mahindra Bank FD rate today?

The lowest Kotak Mahindra Bank FD rate for general citizens is 2.75% p.a. and 3.25% p.a. for senior citizens, applicable on the 7 - 14 days tenure, for deposits below Rs. 3 Crore.

Q: What is the Kotak Mahindra Bank FD rate for 1 year?

The Kotak Mahindra Bank FD rate for the 365 days to < 15 M tenure is 6.35% p.a. for general citizens and 6.85% p.a. for senior citizens, for deposits below Rs. 3 Crore.

Q: What is the Kotak Mahindra Bank FD rate for 2 years?

The Kotak Mahindra Bank FD rate for the 18 M to < 2 Yrs tenure is 6.55% p.a. for general citizens and 7.05% p.a. for senior citizens, for deposits below Rs. 3 Crore.

Q: What is the Kotak Mahindra Bank FD rate for 3 years?

The Kotak Mahindra Bank FD rate for the 2 Yrs to < 3 Yrs tenure is 6.80% p.a. for general citizens and 7.30% p.a. for senior citizens, for deposits below Rs. 3 Crore.

Q: What is the Kotak Mahindra Bank FD rate for 5 years?

The Kotak Mahindra Bank FD rate for the 4 Yrs to < 5 Yrs tenure is 6.40% p.a. for general citizens and 6.90% p.a. for senior citizens, for deposits below Rs. 3 Crore.

Q: What is the minimum tenure for a Kotak Mahindra Bank FD?

The minimum tenure for a Kotak Mahindra Bank FD is 7 - 14 days, offering 2.75% p.a. for general citizens and 3.25% p.a. for senior citizens, for deposits below Rs. 3 Crore.

Q: How much extra interest do senior citizens get on Kotak Mahindra Bank FDs?

Senior citizens get an additional 0.50% p.a. over the general FD rate across almost all Kotak Mahindra Bank tenures.

Q: What is the Kotak Mahindra Bank FD interest rate for general citizens?

Kotak Mahindra Bank offers fixed deposit interest rates ranging from 2.75% to 6.80% p.a. for general citizens, depending on the deposit tenure chosen, on deposits below Rs. 3 Crore.

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

Kotak Mahindra Bank offers fixed deposit interest rates ranging from 3.25% to 7.30% p.a. for senior citizens, depending on the deposit tenure chosen, on deposits below Rs. 3 Crore.

Check the latest Kotak Mahindra Bank Fixed Deposit (FD) interest rates for different tenures and deposit amounts, for both general and senior citizen depositors. As a private sector bank, Kotak Mahindra Bank offers fixed deposits across a range of tenures, from short-term deposits of a few weeks to long-term deposits of several years, allowing you to choose a tenure that matches your savings goals. This page brings together the current Kotak Mahindra Bank FD interest rates, along with details on how to open an FD with the bank, how premature withdrawal and loans against FD work, and how tax applies to the interest you earn, so you have everything you need to decide whether a Kotak Mahindra Bank fixed deposit is right for you before you invest.

Interest Rate Calculator

Kotak Mahindra Bank Fixed Deposit Interest Rates

Kotak Mahindra Bank fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good returns on your investment, then fixed deposit is the way to go. Checking the Kotak Mahindra Bank fixed deposit interest rate and making the decisions is now very easy.

Less than Rs. 3 cr

Tenure	Deposit Amount	General	Senior Citizen

Rs. 3 cr to Less than Rs. 5 cr

Tenure	Deposit Amount	General	Senior Citizen
7 - 14 days	3 Cr to Below 5 Cr	2.75	2.75
15 - 30 days	3 Cr to Below 5 Cr	2.75	2.75
31 - 45 days	3 Cr to Below 5 Cr	3.00	3.00
46 - 90 days	3 Cr to Below 5 Cr	3.50	3.50
91 Days	3 Cr to Below 5 Cr	4.00	4.00
92 - 179 days	3 Cr to Below 5 Cr	4.25	4.25
180 days	3 Cr to Below 5 Cr	5.00	5.00
181 - 269 days	3 Cr to Below 5 Cr	5.50	5.50
270 Days	3 Cr to Below 5 Cr	5.50	5.50
271 - 363 Days	3 Cr to Below 5 Cr	6.00	6.00
364 Days	3 Cr to Below 5 Cr	6.00	6.00
365 days to < 15 M	3 Cr to Below 5 Cr	6.35	6.35
15 M - less than 18 M	3 Cr to Below 5 Cr	6.45	6.45
18 M to < 2 Yrs	3 Cr to Below 5 Cr	6.55	6.55
2 Yrs to < 3 Yrs	3 Cr to Below 5 Cr	6.80	6.80
3 Yrs to < 4 Yrs	3 Cr to Below 5 Cr	6.40	6.40
4 Yrs to < 5 Yrs	3 Cr to Below 5 Cr	6.40	6.40
5 Yrs - 10 Yrs	3 Cr to Below 5 Cr	6.25	6.25

Rs. 5 cr to Less than Rs. 10 cr

Tenure	Deposit Amount	General	Senior Citizen
7 - 14 days	5 Cr to Below 10 Cr	3.50	4.00
15 - 30 days	5 Cr to Below 10 Cr	3.50	4.00
31 - 45 days	5 Cr to Below 10 Cr	4.25	4.75
46 - 60 days	5 Cr to Below 10 Cr	4.50	5.00
61 - 90 days	5 Cr to Below 10 Cr	4.50	5.00
91 Days	5 Cr to Below 10 Cr	5.25	5.75
92 - 120 days	5 Cr to Below 10 Cr	5.50	6.00
121 - 179 days	5 Cr to Below 10 Cr	5.75	6.25
180 days	5 Cr to Below 10 Cr	6.00	6.50
181 - 270 days	5 Cr to Below 10 Cr	6.00	6.50
271 - 279 Days	5 Cr to Below 10 Cr	5.00	5.50
280 - 364 Days	5 Cr to Below 10 Cr	6.00	6.50
365 days to < 15 M	5 Cr to Below 10 Cr	6.60	7.10
15 M to < 18 M	5 Cr to Below 10 Cr	6.60	7.10
18 M to < 2 Yrs	5 Cr to Below 10 Cr	6.70	7.20
2 Yrs to < 3 Yrs	5 Cr to Below 10 Cr	6.70	7.20
3 Yrs to < 4 Yrs	5 Cr to Below 10 Cr	6.25	6.75
4 Yrs to < 5 Yrs	5 Cr to Below 10 Cr	6.25	6.75
5 Yrs - 7 Yrs	5 Cr to Below 10 Cr	6.65	7.15

Rs. 10 cr to less than Rs. 25 cr

Tenure	Deposit Amount	General	Senior Citizen
7 - 14 days	10 Cr to Below 25 Cr	4.25	4.75
15 - 30 days	10 Cr to Below 25 Cr	4.50	5.00
31 - 45 days	10 Cr to Below 25 Cr	5.00	5.50
46 - 60 days	10 Cr to Below 25 Cr	5.25	5.75
61 - 90 days	10 Cr to Below 25 Cr	6.35	6.85
91 Days	10 Cr to Below 25 Cr	6.55	7.05
92 - 120 days	10 Cr to Below 25 Cr	6.65	7.15
121 - 179 days	10 Cr to Below 25 Cr	6.65	7.15
180 days	10 Cr to Below 25 Cr	6.65	7.15
181 - 270 days	10 Cr to Below 25 Cr	6.70	7.20
271 - 279 Days	10 Cr to Below 25 Cr	5.00	5.50
280 - 364 Days	10 Cr to Below 25 Cr	6.75	7.25
365 days to < 15 M	10 Cr to Below 25 Cr	7.00	7.50
15 M to < 18 M	10 Cr to Below 25 Cr	6.85	7.35
18 M to < 2 Yrs	10 Cr to Below 25 Cr	6.60	7.10
2 Yrs to < 3 Yrs	10 Cr to Below 25 Cr	6.60	7.10
3 Yrs to < 4 Yrs	10 Cr to Below 25 Cr	6.25	6.75
4 Yrs to < 5 Yrs	10 Cr to Below 25 Cr	6.25	6.75
5 Yrs - 7 Yrs	10 Cr to Below 25 Cr	6.05	6.55

Rs. 25 cr to less than Rs. 100 cr

Tenure	Deposit Amount	General	Senior Citizen
7 - 14 days	25 Cr to Below 100 Cr	4.25	4.75
15 - 30 days	25 Cr to Below 100 Cr	4.50	5.00
31 - 45 days	25 Cr to Below 100 Cr	5.00	5.50
46 - 60 days	25 Cr to Below 100 Cr	5.25	5.75
61 - 90 days	25 Cr to Below 100 Cr	6.35	6.85
91 Days	25 Cr to Below 100 Cr	6.55	7.05
92 - 120 days	25 Cr to Below 100 Cr	6.65	7.15
121 - 179 days	25 Cr to Below 100 Cr	6.65	7.15
180 days	25 Cr to Below 100 Cr	6.65	7.15
181 - 270 days	25 Cr to Below 100 Cr	6.70	7.20
271 - 279 Days	25 Cr to Below 100 Cr	5.00	5.50
280 - 364 Days	25 Cr to Below 100 Cr	6.75	7.25
365 days to < 15 M	25 Cr to Below 100 Cr	7.10	7.60
15 M to < 18 M	25 Cr to Below 100 Cr	6.85	7.35
18 M to < 2 Yrs	25 Cr to Below 100 Cr	6.60	7.10
2 Yrs to < 3 Yrs	25 Cr to Below 100 Cr	6.60	7.10
3 Yrs to < 4 Yrs	25 Cr to Below 100 Cr	6.25	6.75
4 Yrs to < 5 Yrs	25 Cr to Below 100 Cr	6.25	6.75
5 Yrs - 7 Yrs	25 Cr to Below 100 Cr	6.05	6.55

Rs. 100 cr to less than Rs. 300 cr

Tenure	Deposit Amount	General	Senior Citizen
7 - 14 days	100 Cr to Below 300 Cr	4.25	4.75
15 - 30 days	100 Cr to Below 300 Cr	4.50	5.00
31 - 45 days	100 Cr to Below 300 Cr	5.00	5.50
46 - 60 days	100 Cr to Below 300 Cr	5.25	5.75
61 - 90 days	100 Cr to Below 300 Cr	6.35	6.85
91 Days	100 Cr to Below 300 Cr	6.55	7.05
92 - 120 days	100 Cr to Below 300 Cr	6.65	7.15
121 - 179 days	100 Cr to Below 300 Cr	6.65	7.15
180 days	100 Cr to Below 300 Cr	6.65	7.15
181 - 270 days	100 Cr to Below 300 Cr	6.70	7.20
271 - 279 Days	100 Cr to Below 300 Cr	5.00	5.50
280 - 364 Days	100 Cr to Below 300 Cr	6.90	7.40
365 days to < 15 M	100 Cr to Below 300 Cr	7.10	7.60
15 M to < 18 M	100 Cr to Below 300 Cr	6.85	7.35
18 M to < 2 Yrs	100 Cr to Below 300 Cr	6.60	7.10
2 Yrs to < 3 Yrs	100 Cr to Below 300 Cr	6.60	7.10
3 Yrs to < 4 Yrs	100 Cr to Below 300 Cr	6.25	6.75
4 Yrs to < 5 Yrs	100 Cr to Below 300 Cr	6.25	6.75
5 Yrs - 7 Yrs	100 Cr to Below 300 Cr	6.05	6.55

Rs.300 cr and above

Tenure	Deposit Amount	General	Senior Citizen
7 - 14 days	300 Cr and above	4.75	5.25
15 - 30 days	300 Cr and above	4.50	5.00
31 - 45 days	300 Cr and above	5.15	5.65
46 - 60 days	300 Cr and above	5.25	5.75
61 - 90 days	300 Cr and above	6.35	6.85
91 Days	300 Cr and above	6.55	7.05
92 - 120 days	300 Cr and above	6.65	7.15
121 - 179 days	300 Cr and above	6.65	7.15
180 days	300 Cr and above	6.65	7.15
181 - 270 days	300 Cr and above	6.70	7.20
271 - 279 Days	300 Cr and above	5.00	5.50
280 - 364 Days	300 Cr and above	6.90	7.40
365 days to < 15 M	300 Cr and above	7.10	7.60
15 M to < 18 M	300 Cr and above	6.85	7.35
18 M to < 2 Yrs	300 Cr and above	6.60	7.10
2 Yrs to < 3 Yrs	300 Cr and above	6.60	7.10
3 Yrs to < 4 Yrs	300 Cr and above	6.25	6.75
4 Yrs to < 5 Yrs	300 Cr and above	6.25	6.75
5 Yrs - 7 Yrs	300 Cr and above	6.05	6.55

About Kotak Mahindra Bank Fixed Deposits

Kotak Mahindra Bank is a private sector bank that offers fixed deposit schemes to individual depositors, non-individual entities and, in most cases, non-resident Indians, across a range of tenures designed to suit different savings horizons. As with fixed deposits at any bank, the interest rate you are offered depends on the tenure you choose and the amount you deposit, with Kotak Mahindra Bank typically offering a slightly higher interest rate to senior citizen depositors compared with the general rate. Many banks, Kotak Mahindra Bank included, periodically revise their FD interest rates in response to changes in the broader interest rate environment and their own funding requirements, so it is worth checking the latest rates before booking a deposit rather than relying on rates you may have seen previously.

Kotak Mahindra Bank FD Interest Rates

The comparison table on this page lists the latest Kotak Mahindra Bank FD interest rates across different tenure buckets, ranging from very short-term deposits of a few days or weeks to long-term deposits of five years or more, along with the deposit amount slab each rate applies to. Kotak Mahindra Bank, like most banks, offers a preferential interest rate to senior citizens that is typically higher than the general rate for the same tenure, so it is worth checking the senior citizen column separately if you or the depositor qualify. Since Kotak Mahindra Bank's FD rates can change from time to time based on the bank's own funding needs and broader interest rate conditions, it's a good idea to check the current rate for your specific tenure and deposit amount at the time you are ready to invest, rather than assuming rates will remain unchanged.

How to Open a Fixed Deposit with Kotak Mahindra Bank

If you already hold a savings or current account with Kotak Mahindra Bank, you can typically open a fixed deposit instantly through the bank's net banking portal or mobile banking app by selecting the FD or term deposit option, choosing your desired tenure and deposit amount, and confirming the transfer of funds from your linked account.

If you do not yet have an account with Kotak Mahindra Bank, most banks allow new customers to open an FD by visiting a branch with basic KYC documents such as a PAN card, Aadhaar and a passport-sized photograph, and in many cases Kotak Mahindra Bank also allows eligible new customers to open an FD online after completing a video KYC or similar digital verification process, without needing to visit a branch in person.

Premature Withdrawal and Loan Against Kotak Mahindra Bank FD

Most Kotak Mahindra Bank fixed deposits allow premature withdrawal before the completion of the chosen tenure, though this typically comes with a penalty in the form of a reduced interest rate compared with the rate that would have applied to the original tenure, and the exact penalty structure can vary depending on how much of the tenure has been completed. As an alternative to breaking the deposit early, Kotak Mahindra Bank also typically allows depositors to take a loan or overdraft against their fixed deposit, usually up to a specified percentage of the deposit amount, which lets you access funds for a short-term need while keeping your original FD intact and continuing to earn interest on it.

Tax on Kotak Mahindra Bank Fixed Deposit Interest

Interest earned on a Kotak Mahindra Bank fixed deposit is fully taxable as per your applicable income tax slab, and like other banks, Kotak Mahindra Bank is required to deduct Tax Deducted at Source (TDS) once the total interest earned across your FDs with the bank in a financial year crosses the threshold specified under the Income Tax Act, with a higher threshold generally applicable for senior citizens. If your total income is below the taxable limit or you otherwise do not expect to owe tax on your FD interest, you can submit Form 15G, or Form 15H if you are a senior citizen, to Kotak Mahindra Bank to request that TDS not be deducted, provided you meet the eligibility criteria for these forms, and any excess TDS already deducted can be claimed back when filing your income tax return.

FAQs

What is the highest Kotak Mahindra Bank FD rate today?

The highest Kotak Mahindra Bank FD rate for general citizens is 6.80% p.a. and 7.30% p.a. for senior citizens, on deposits below Rs. 3 crore. This rate applies to the 2 Yrs to < 3 Yrs tenure.

What is the lowest Kotak Mahindra Bank FD rate today?

The lowest Kotak Mahindra Bank FD rate for general citizens is 2.75% p.a. and 3.25% p.a. for senior citizens, applicable on the 7 - 14 days tenure, for deposits below Rs. 3 Crore.

What is the Kotak Mahindra Bank FD rate for 1 year?

The Kotak Mahindra Bank FD rate for the 365 days to < 15 M tenure is 6.35% p.a. for general citizens and 6.85% p.a. for senior citizens, for deposits below Rs. 3 Crore.

What is the Kotak Mahindra Bank FD rate for 2 years?

The Kotak Mahindra Bank FD rate for the 18 M to < 2 Yrs tenure is 6.55% p.a. for general citizens and 7.05% p.a. for senior citizens, for deposits below Rs. 3 Crore.

What is the Kotak Mahindra Bank FD rate for 3 years?

The Kotak Mahindra Bank FD rate for the 2 Yrs to < 3 Yrs tenure is 6.80% p.a. for general citizens and 7.30% p.a. for senior citizens, for deposits below Rs. 3 Crore.

What is the Kotak Mahindra Bank FD rate for 5 years?

The Kotak Mahindra Bank FD rate for the 4 Yrs to < 5 Yrs tenure is 6.40% p.a. for general citizens and 6.90% p.a. for senior citizens, for deposits below Rs. 3 Crore.

What is the minimum tenure for a Kotak Mahindra Bank FD?

The minimum tenure for a Kotak Mahindra Bank FD is 7 - 14 days, offering 2.75% p.a. for general citizens and 3.25% p.a. for senior citizens, for deposits below Rs. 3 Crore.

How much extra interest do senior citizens get on Kotak Mahindra Bank FDs?

Senior citizens get an additional 0.50% p.a. over the general FD rate across almost all Kotak Mahindra Bank tenures.

What is the Kotak Mahindra Bank FD interest rate for general citizens?

Kotak Mahindra Bank offers fixed deposit interest rates ranging from 2.75% to 6.80% p.a. for general citizens, depending on the deposit tenure chosen, on deposits below Rs. 3 Crore.

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

Kotak Mahindra Bank offers fixed deposit interest rates ranging from 3.25% to 7.30% p.a. for senior citizens, depending on the deposit tenure chosen, on deposits below Rs. 3 Crore.

What are the available FD tenure options in Kotak Mahindra Bank?

Kotak Mahindra Bank offers fixed deposit tenures ranging from 7 - 14 days to 5 Yrs - 10 Yrs, so you can choose a duration that fits your savings goal, on deposits below Rs. 3 Crore.

What is the minimum and maximum deposit amount for a Kotak Mahindra Bank FD?

You can open a Kotak Mahindra Bank fixed deposit with an amount starting from Rs. 1, up to a maximum of Rs. 300 Crore and above.

How can I check my Kotak Mahindra Bank FD balance?

You can check your Kotak Mahindra Bank FD balance through online or offline modes. Online, simply log in to the Kotak Mahindra Bank internet banking or mobile banking app to view your FD details instantly. Offline, you can visit your nearest Kotak Mahindra Bank branch and get your passbook updated for an FD balance enquiry.

Is there a limit on how many FDs I can open with Kotak Mahindra Bank?

No, there is no restriction on the number of fixed deposits you can open with Kotak Mahindra Bank. You can open multiple FDs across different tenures and amounts based on your financial planning needs.

Latest Updates

Kotak Mahindra Bank Hikes Interest Rates on Fixed Deposits

The private lender – Kotak Mahindra Bank announced a hike in interest rates of fixed deposits with effect from November 15, 2018. The new interest rates are applicable to all the deposits whose value is up to Rs 1 crore.

The normal citizens will receive an interest of 3.50% per annum on the deposits which are parked for a period of 7 – 14 days and the senior citizens will get an additional 0.50% added with the regular interest rate which will come up to 4.00% per annum on fixed deposits with a tenure of 7 – 14 days.

The regular investors can secure the highest rate of interest from the bank by parking their fund for a period of 365 days – 389 days or for 390 days ( 12 months and 25 days) and get 7.30% interest per annum.

⏱ 19 November 2018