Kotak Mahindra Bank FD Rates

Kotak Mahindra Bank is 4th largest private sector bank in India. It offers  various types of Fixed Deposit options to its customers. You can book your fixed deposit online through Net Banking  or you can also visit your nearby branch. Kotak Mahindra Bank FD Rates  start from minimum 2.5% per annum and maximum 5.3% per annum.

Kotak Bank FD Rates

INTEREST RATES FOR DOMESTIC / NRO / NRE FIXED DEPOSITS – PREMATURE WITHDRAWAL ALLOWED

Maturity Periods Premature Withdrawal Allowed Less than Rs.2 Crore Annualized Yield
7 – 14 Days 2.50 % 2.50 %
15 – 30 Days 2.50 % 2.50 %
31 – 45 Days 2.75 % 2.75 %
46 – 90 Days 2.75 % 2.75 %
91 – 120 Days 3.25% 3.25%
121 – 179 days 3.25% 3.25%
180 Days 4.40%  4.40%
181 Days to 269 Days 4.40% 4.45 %
270 Days 4.40% 4.45 %
271 Days to 363 Days 4.40% 4.45 %
364 Days 4.40% 4.45 %
365 Days to 389 Days 4.50% 4.58 %
390 Days (12 months 25 days) 4.75% 4.84%
391 Days – Less than 23 Months 4.75% 4.84%
23 Months 5.00% 5.09%
23 months 1 Day- less than 2 years 5.00% 5.09%
2 years- less than 3 years 5.00% 5.09%
3 years and above but less than 4 years 5.10% 5.20%
4 years and above but less than 5 years 5.25% 5.35%
5 years and above up to and inclusive of 10 years 5.30% 5.41%

Kotak Mahindra Bank FD Interest Rate

Fixed Deposits Interest Rates for Domestic / NRO / NRE effective from 27th February 2021 . (Rates are subject to change from time to time)

Maturity Periods Premature Withdrawal Allowed Rs. 2 Crore & above but below Rs. 5 Crores

 

Rs. 5 Crores & above but below Rs. 10 Crores Rs. 10 Crores & above but below 25 Crores Rs. 25 Crores & above
7 – 14 Days 2.50 % 2.75% 2.75% 2.75%
15 – 30 Days 2.50 % 2.85% 2.85% 2.85%
31 – 45 Days 2.75 % 3.15% 3.15% 3.15%
46 – 60 Days 3.00 % 3.30% 3.30% 3.30%
61 – 90 Days 3.00 % 3.30% 3.30% 3.30%
91 – 120 Days 3.00 % 3.40% 3.40% 3.40%
121 – 179 Days 3.00 % 3.45% 3.45% 3.45%
180 Days 3.50% 3.65% 3.65% 3.65%
181 Days to 270 Days 3.75% 3.70% 3.70% 3.70%
271 Days to 279 Days 2.90% 2.75% 2.75% 2.75%
280 Days to Less than 12 Months 4.00% 3.70 % 3.70 % 3.70 %
12 months – less than 15 months 4.00% 3.90 % 3.90 % 3.90 %
15 months – less than 18 months 4.00% 4.00% 4.00% 4.00%
18 months – less than 2 Years 4.50% 4.10% 4.10% 4.10%
2 years and above but less than 3 years 4.75% 4.20% 4.20% 4.20%
3 years and above but less than 4 years 5.00% 4.50% 4.50% 4.50%
4 years and above but less than 5 years 5.00% 4.50% 4.50% 4.50%
5 years and above up to & inclusive of 7 years 5.00% 4.50% 4.50% 4.50%

Kotak Bank Fixed Deposit Features 

1  Bank is offering fixed deposit from 7 days to 10 Years.

2  Kotak Mahindra Bank FD Rates start from minimum 2.5% per annum  and maximum 5.30% per annum.

3  Senior citizen will get 0.5 % extra on fixed deposit.

4  Depositor can also  avail nomination facility in fixed deposit.

5  Kotak Bank also gives auto renewal option in fixed deposit.

6  Pre mature closure/withdrawal or partial withdrawal facility is also available. You can premature withdraw your FD below 2 crore. Premature withdrawal is not allowed on.

7  TDS is deducted when interest payable or reinvested on Fixed Deposit per customer across all Kotak branches, exceeds Rs.40,000/- (Rs. 50,000/- for senior citizens) in a financial year.

You can also read about Axis Bank FD Interest Rates ,HDFC Bank FD Interest Rates ,SBI FD Interest Rates

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Kotak Mahindra Bank FD Rates Senior Citizens

Bank is offering special fixed deposit for senior citizens. This offer gives 5.5 %  for 23 Months. extra which is over and above the existing of 0.5%. This offer is available  on below 5 Crore FD and duration for this fixed deposit is 5 years and more.

Kotak Bank NRE FD Rates

NRE fixed deposit rates are available for Non Resident Indian or citizen of Indian origin . NRE FD is booked for minimum 1 year. No interest is paid if the NRE Deposit is withdrawn before 1 year.

There is no penalty on pre mature closure of NRE Fixed Deposit.

Partial or pre mature withdrawal and sweep- in facility is not allowed FD booked for 5 Crore and above.

Kotak Mahindra Tax Saving FD

Bank offer Tax Saver FD for resident individuals and HUF.

Minimum amount is INR 100 and in multiples of INR 100 and Maximum amount is Rs. 1.5 Lakh in a financial Year.

Kotak Mahindra Tax Saving FD is book for  5 year (lock in)

This FD can be booked with Monthly or quarterly payout.

In case of joint holder deposit account tax benefit is given to first holder  of the account under 80C.

Kotak Mahindra Fixed  Deposit Online

You can also book your fixed deposit online. One needs to log in his or her Kotak Bank net banking and go to fixed deposit section  for online Kotak Mahindra Bank deposit.

Kotak Bank FD Rates Today

We have given latest FD information above. To know the latest Kotak FD Interest Rates, You can also visit the bank website.

Kotak Fixed Deposit Calculator

You can calculate Kotak Bank fixed deposit rates in Kotak Mahindra Fixed deposit calculator 

Kotak Mahindra Bank Saving Account Interest Rate

Your Saving account interest is calculated on daily basis on the daily closing balance in your account. At present bank is offering 3.5% for end of the day balance below 1 Lakh and 4% for end of the day balance above Rs. 1 Lakh up to Rs. 1 Crore. And above 1 crore Kotak Mahindra Bank is offering 3.5% on balance above 1 Crore.

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