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This Private Sector Bank Revises Interest Rates On FD: Latest Rates Here
Kotak Mahindra Bank offers a fixed-term deposit scheme where depositors can make a fixed amount of deposit for a fixed duration ranging from 7 days to 10 years and earn excellent returns in the form of interest rates on their deposits. Along with the attractive and guaranteed interest rates, the bank also allows you to open a fixed deposit account with a minimum deposit of Rs 5000, a monthly, quarterly, or on maturity interest payout option, an overdraft facility against fixed deposit, a premature withdrawal option, an online application procedure, and much more. The bank has modified its fixed deposit interest rates yesterday, hence investors should be aware of the most recent relevant interest rates in effect as of October 13th, 2021, before placing their deposits.
Kotak Mahindra Bank FD Rates (Less than Rs.2 Crore)
| Maturity Periods - Premature Withdrawal Allowed | Regular Interest Rates | Senior Citizen Interest Rates |
|---|---|---|
| 7 - 14 Days | 2.50% | 3.00% |
| 15 - 30 Days | 2.50% | 3.00% |
| 31 - 45 Days | 2.75% | 3.25% |
| 46 - 90 Days | 2.75% | 3.25% |
| 91 - 120 Days | 3.00% | 3.50% |
| 121 - 179 days | 3.20% | 3.70% |
| 180 Days | 4.20% | 4.70% |
| 181 Days to 269 Days | 4.25% | 4.75% |
| 270 Days | 4.40% | 4.90% |
| 271 Days to 363 Days | 4.40% | 4.90% |
| 364 Days | 4.40% | 4.90% |
| 365 Days to 389 Days | 4.50% | 5.00% |
| 390 Days (12 months 25 days) | 4.75% | 5.25% |
| 391 Days - Less than 23 Months | 4.75% | 5.25% |
| 23 Months | 5.00% | 5.50% |
| 23 months 1 Day- less than 2 years | 5.00% | 5.50% |
| 2 years- less than 3 years | 5.00% | 5.50% |
| 3 years and above but less than 4 years | 5.20% | 5.70% |
| 4 years and above but less than 5 years | 5.20% | 5.70% |
| 5 years and above upto and inclusive of 10 years | 5.25% | 5.75% |
| Source: Bank Website, Effective from 13th October 2021 |
