Kotak Mahindra Bank Revises Interest Rates On Non-Withdrawable Fixed Deposits

The private sector lender Kotak Mahindra Bank has revised its interest rates on non-withdrawable fixed deposits. The interest rates are applicable on Domestic / NRO / NRE Fixed Deposits and effective as of 13th January 2022. These rates are applicable on term deposits of Rs 2 Cr and above.

Kotak Mahindra Bank Non-Withdrawable Fixed Deposit Interest Rates

With effect from 13th January 2022, the bank is offering the following interest rates on non-withdrawable fixed deposits of Rs. 2 Cr and above.

Tenure	Rs. 2 Cr to Rs. 5 Cr	Rs. 5 Cr to Rs. 10 Cr	Rs. 10 Cr to Rs. 25 Cr	Rs. 25 Cr and Above
91 - 120 Days	NA	3.90%	3.90%	3.90%
121 - 179 Days	NA	3.90%	3.90%	3.90%
180 Days	NA	3.90%	3.90%	3.90%
181 Days to 270 Days	4.20%	4.20%	4.20%	4.20%
271 Days to 279 Days	3.10%	3.10%	3.10%	3.10%
280 Days to Less than 12 Months	4.20%	4.25%	4.25%	4.25%
12 months - less than 15 months	4.35%	4.25%	4.25%	4.25%
15 months - less than 18 months	4.35%	4.35%	4.35%	4.35%
18 months - less than 2 Years	4.45%	4.45%	4.45%	4.45%
2 years and above but less than 3 years	4.70%	4.50%	4.50%	4.50%
Source: Bank Website. W.e.f. 13th January 2022

Kotak Mahindra Bank Prematurely Withdrawable Fixed Deposit Interest Rates

The bank is providing the following interest rates on prematurely withdrawable fixed deposits of Rs. 2 Cr and above as of January 13, 2022.

Tenure	Rs. 2 Cr to Rs. 5 Cr	Rs. 5 Cr to Rs. 10 Cr	Rs. 10 Cr to Rs. 25 Cr	Rs. 25 Cr and Above
7 - 14 Days	2.50%	2.50%	2.50%	2.50%
15 - 30 Days	2.50%	2.75%	2.75%	2.75%
31 - 45 Days	2.75%	3.00%	3.00%	3.00%
46 - 60 Days	2.75%	3.00%	3.00%	3.00%
61 - 90 Days	3.00%	3.00%	3.00%	3.00%
91 - 120 Days	3.00%	3.75%	3.75%	3.75%
121 - 179 Days	3.00%	3.75%	3.75%	3.75%
180 Days	4.00%	3.75%	3.75%	3.75%
181 Days to 270 Days	4.00%	4.00%	4.00%	4.00%
271 Days to 279 Days	2.90%	2.90%	2.90%	2.90%
280 Days to Less than 12 Months	4.00%	4.05%	4.05%	4.05%
12 months - less than 15 months	4.15%	4.05%	4.05%	4.05%
15 months - less than 18 months	4.15%	4.15%	4.15%	4.15%
18 months - less than 2 Years	4.25%	4.25%	4.25%	4.25%
2 years and above but less than 3 years	4.50%	4.30%	4.30%	4.30%
3 years and above but less than 4 years	4.60%	4.50%	4.50%	4.50%
4 years and above but less than 5 years	4.60%	4.50%	4.50%	4.50%
5 years and above upto & inclusive of 7 years	4.60%	4.50%	4.50%	4.50%
Source: Bank Website. W.e.f. 13th January 2022

Kotak Mahindra Bank Interest Rates On Fixed Deposits of Less Than Rs. 2 Cr

The bank's interest rates on domestic / NRO / NRE fixed deposits (prematurely withdrawable) of less than Rs. 2 Cr were also recently updated. The new rates per annum are effective as of 6th January 2022 and are listed below in brief.

Tenure	Regular Interest Rates	Annualised Yield	Senior Citizen	Annualised Yield
7 - 14 Days	2.50%	2.50%	3.00%	3.00%
15 - 30 Days	2.50%	2.50%	3.00%	3.00%
31 - 45 Days	2.75%	2.75%	3.25%	3.25%
46 - 90 Days	2.75%	2.75%	3.25%	3.25%
91 - 120 Days	3.00%	3.00%	3.50%	3.50%
121 - 179 days	3.25%	3.25%	3.75%	3.75%
180 Days	4.30%	4.30%	4.80%	4.80%
181 Days to 269 Days	4.40%	4.45%	4.90%	4.96%
270 Days	4.40%	4.45%	4.90%	4.96%
271 Days to 363 Days	4.40%	4.45%	4.90%	4.96%
364 Days	4.50%	4.55%	5.00%	5.06%
365 Days to 389 Days	4.90%	4.99%	5.40%	5.51%
390 Days (12 months 25 days)	5.00%	5.09%	5.50%	5.61%
391 Days - Less than 23 Months	5.00%	5.09%	5.50%	5.61%
23 Months	5.10%	5.20%	5.60%	5.72%
23 months 1 Day- less than 2 years	5.10%	5.20%	5.60%	5.72%
2 years- less than 3 years	5.15%	5.25%	5.65%	5.77%
3 years and above but less than 4 years	5.30%	5.41%	5.80%	5.93%
4 years and above but less than 5 years	5.30%	5.41%	5.80%	5.93%
5 years and above upto and inclusive of 10 years	5.30%	5.41%	5.80%	5.93%
Source: Bank Website. W.e.f. 6th January 2022