Kotak Mahindra Bank FD Rates Revised; Which Tenure Pays More Returns Now?

With effect from February 4, 2026, Kotak Mahindra Bank has revised its fixed deposit (FD) interest rate pattern. As per the official website of the bank, under the revised FD rate structure for deposits under Rs 3 Cr, interest rates for domestic fixed deposits start from approximately 2.75 % p.a. for very short tenures and go up to around 6.70 % p.a. for select long-term periods, with an additional 0.50 % p.a. incentive for senior citizens on many tenors.

Kotak Mahindra Bank FD Rates 2026

The bank is now giving 2.75% interest on fixed deposits with maturities ranging from 7 to 30 days, while Kotak Mahindra Bank will now provide 3% interest on those with maturities ranging from 31 to 45 days.

Regular			Senior Citizen*
Maturity Periods - Premature Withdrawal Allowed	Less than Rs.3 Crore#	Rs. 3 Cr. & above but less than Rs. 5 Cr.	Less than Rs.3 Crore#	Rs. 3 Cr. & above but less than Rs. 5 Cr.
7 - 14 Days	2.75%	2.75%	3.25%	2.75%
15 - 30 Days	2.75%	2.75%	3.25%	2.75%
31 - 45 Days	3.00%	3.00%	3.50%	3.00%
46 - 90 Days	3.50%	3.50%	4.00%	3.50%
91 Days	4.50%	4.50%	5.00%	4.50%
92 Days - 179 Days	4.25%	4.25%	4.75%	4.25%
180 Days	5.50%	5.50%	6.00%	5.50%
181 Days to 269 Days	5.50%	5.50%	6.00%	5.50%
270 Days	5.50%	5.50%	6.00%	5.50%
271 Days to 363 Days	6.00%	6.00%	6.50%	6.00%
364 Days	6.00%	6.00%	6.50%	6.00%
365 Days to less than 15 Months	6.50%	6.50%	7.00%	6.50%
15 Months - less than 18 Months	6.70%	6.70%	7.20%	6.70%
18 months - less than 2 years	6.70%	6.70%	7.20%	6.70%
2 years- less than 3 years	6.70%	6.70%	7.20%	6.70%
3 years and above but less than 4 years	6.40%	6.40%	6.90%	6.40%
4 years and above but less than 5 years	6.40%	6.40%	6.90%	6.40%
5 years and above upto and inclusive of 10 years	6.25%	6.25%	6.75%	6.25%
Fixed Deposits Interest Rates for Domestic/ NRO / NRE effective from 4th Feb 2026. Source: Bank Website

Kotak Mahindra Bank will now offer an interest rate of 3.50% and 4.50% on fixed deposits with tenures of 46 - 90 days and 91 days, whereas the private sector bank is now promising an interest rate of 4.25% on tenures of 92 days - 179 days.

Fixed deposits maturing in 180 days to 270 days at Kotak Mahindra Bank will now offer an interest rate of 5.50%, whereas those maturing in 271 days to 364 days will now fetch an interest rate of 6%. On fixed deposits with maturity periods of 365 days to less than 15 months, Kotak Mahindra Bank will now pay an interest rate of 6.50% to the general public, whereas those coming with maturity periods of 15 months to less than 3 years, the bank is now offering the highest interest rate of 6.70% to non-senior citizens and 7.20% to senior citizens.

At Kotak Mahindra Bank, fixed deposits that mature in three years or more but less than five years will now earn 6.40% interest, while those that mature in five years or more, up to and including ten years, will now earn 6.25%.

Kotak Mahindra Bank Q3 FY26 Deposit Growth

With total deposits growing to Rs 5,26,025 crore from Rs 4,58,614 crore in Q3 FY25, the bank recorded a robust 15% YoY growth in its deposit franchise during Q3 FY26. While fixed-rate savings accounts grew 12% YoY to Rs 1,18,505 crore, current account (CA) balances jumped to Rs 75,596 crore, representing a 14% YoY rise. The main engine of growth was still term deposits, which surged 19% YoY to Rs 3,18,070 crore from Rs 2,67,743 crore the previous year.

Within term deposits, both other term deposits and ActivMoney balances showed healthy traction, supporting overall deposit growth momentum.

As of December 31, 2025, the balance sheet of Kotak Mahindra Bank demonstrates strong development and expansion, with total assets and liabilities increasing to Rs 7.30 lakh crore from Rs 6.37 lakh crore in the previous year and Rs 7.07 lakh crore in September 2025. Strong deposit mobilization was demonstrated by the liabilities side, where deposits shot up from Rs 4.73 lakh crore in December 2024 to Rs 5.43 lakh crore in December 2025.

CASA deposits rose to Rs 2.24 lakh crore compared with Rs 2.00 lakh crore a year ago, though the CASA ratio moderated slightly to 41.3% from 42.3% YoY, indicating a marginal shift towards term deposits.