Kotak Mahindra Bank - Interest Rates (%)

This page provides the current interest rates (%) of Kotak Mahindra Bank's Fixed Deposit (FD) scheme.

 

Table of Contents

 

Fixed Deposit (FD)

This page provides the current interest rates (%) for both General public and Senior citizens.

 

General Public

The below table provides the current interest rates (%) for general public (aged less than 60 years).

TermAnnual Interest Rate (%)
7 days to 14 days2.5%
15 days to 30 days2.5%
31 days to 45 days2.75%
46 days to 90 days2.75%
91 days to 120 days3%
121 days to 179 days3.2%
180 days4.25%
181 days to 269 days4.4%
270 days4.4%
271 days to 363 days4.4%
364 days4.5%
365 days to 389 days4.75%
390 days (12 months 25 days)5%
391 days to less than 23 months5%
23 months5%
Above 23 months to less than 2 years5.1%
2 years to less than 3 years5.15%
3 years to less than 4 years5.3%
4 years to less than 5 years5.3%
5 years to 10 years5.3%

Note:

  • The above interest rates are applicable for deposit amount less than Rs. 2 Crore

  • The above interest rates are effective from 29-Dec-2021

 

Senior Citizens

The below table provides the current interest rates (%) for senior citizens (aged 60 years and above).

TermAnnual Interest Rate (%)
7 days to 14 days3%
15 days to 30 days3%
31 days to 45 days3.25%
46 days to 90 days3.25%
91 days to 120 days3.5%
121 days to 179 days3.7%
180 days4.75%
181 days to 269 days4.9%
270 days4.9%
271 days to 363 days4.9%
364 days5%
365 days to 389 days5.25%
390 days (12 months 25 days)5.5%
391 days to less than 23 months5.5%
23 months5.5%
Above 23 months to less than 2 years5.6%
2 years to less than 3 years5.65%
3 years to less than 4 years5.8%
4 years to less than 5 years5.8%
5 years to 10 years5.8%

Note:

  • The above interest rates are applicable for deposit amount less than Rs. 2 Crore

  • The above interest rates are effective from 29-Dec-2021