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Kotak Bank Modified Fixed Deposit Interest Rates: Check Current Rates Here
The interest rate on fixed deposits has been updated by Kotak Mahindra Bank (FD). Kotak Mahindra Bank provides interest rates of 2.5 percent, 2.75 percent, and 3.25 percent for FDs maturing in 7 to 30 days, 31 to 90 days, and 91 to 179 days, respectively. Kotak Mahindra Bank provides 4.40 percent interest on term deposits that mature in 180 days or less than a year. The bank offers 4.50 percent on deposits for maturity of one year to 389 days. The bank will provide now 4.90 percent on FDs maturing in 390 days to less than 23 months and 5% interest rate on deposits maturing in 23 months or less than 3 years. The bank will offer 5.10 percent on term deposits for maturity of three years or more but less than four years. Kotak Mahindra Bank provides a 5.25 percent interest rate on deposits with maturity of four years or more but less than five years. The bank offers 5.30 percent on FDs maturing in 5-years and above, up to 10 years. The current fixed deposit rates of Kotak Mahindra Bank are in effect from 25 March 2021.
Kotak Bank FD Rates For Regular Public
For the general public, Kotak Mahindra Bank's new FD rates for below Rs 2 crore are valid as of March 25, 2021.
| Tenure | ROI |
|---|---|
| 7 - 14 Days | 2.50% |
| 15 - 30 Days | 2.50% |
| 31 - 45 Days | 2.75% |
| 46 - 90 Days | 2.75% |
| 91 - 120 Days | 3.25% |
| 121 - 179 days | 3.25% |
| 180 Days | 4.40% |
| 181 Days to 269 Days | 4.40% |
| 270 Days | 4.40% |
| 271 Days to 363 Days | 4.40% |
| 364 Days | 4.40% |
| 365 Days to 389 Days | 4.50% |
| 390 Days (12 months 25 days) | 4.90% |
| 391 Days - Less than 23 Months | 4.90% |
| 23 Months | 5.00% |
| 23 months 1 Day- less than 2 years | 5.00% |
| 2 years- less than 3 years | 5.00% |
| 3 years and above but less than 4 years | 5.10% |
| 4 years and above but less than 5 years | 5.25% |
| 5 years and above up to and inclusive of 10 years | 5.30% |
Kotak Bank FD Rates For Senior Citizens
Senior citizens will get interest rates that are 50 basis points higher than the non-senior citizens. On FDs maturing in 7 days to 10 years, the bank provides interest rates ranging from 3% to 5.8% to the senior citizens.
| Tenure | ROI |
|---|---|
| 7 - 14 Days | 3.00% |
| 15 - 30 Days | 3.00% |
| 31 - 45 Days | 3.25% |
| 46 - 90 Days | 3.25% |
| 91 - 120 Days | 3.75% |
| 121 - 179 days | 3.75% |
| 180 Days | 4.90% |
| 181 Days to 269 Days | 4.90% |
| 270 Days | 4.90% |
| 271 Days to 363 Days | 4.90% |
| 364 Days | 4.90% |
| 365 Days to 389 Days | 5.00% |
| 390 Days (12 months 25 days) | 5.40% |
| 391 Days - Less than 23 Months | 5.40% |
| 23 Months | 5.50% |
| 23 months 1 Day- less than 2 years | 5.50% |
| 2 years- less than 3 years | 5.50% |
| 3 years and above but less than 4 years | 5.60% |
| 4 years and above but less than 5 years | 5.75% |
| 5 years and above up to and inclusive of 10 years | 5.80% |
Note
Recently IDBI Bank and Axis Bank have also revised interest rates on their fixed deposits. The new FD rates of IDBI Bank and Axis Bank are in effect from 18 March. Following the most recent revision, Axis Bank currently provides 2.50 percent interest on FDs maturing between 7 and 29 days, 3% for FDs maturing between 30 days and less than 3 months, and 3.5 percent for FDs maturing between 3 months and less than 6 months. Whereas the IDBI Bank's FD interest rates range from 2.9 to 5.1 percent for FDs maturing in 7 days to 20 years. IDBI Bank provides 2.9 percent interest on deposits maturing in 7 to 14 days and 15 to 30 days. 3 percent interest for 31 to 45 days, 3.25 percent interest for 46 to 90 days, and 3.6 percent interest for 91 to 6 months. The bank offers 4.3 percent interest on FDs with a maturity period of six months to one year. IDBI Bank will pay 5.1 percent on deposits maturing in one year to ten years. The bank will also offer 4.8 percent on 10- to 20-year FDs. Term deposits with a 5-year maturity period will earn 5.1 percent interest.
