Kotak Mahindra Bank FD Interest Rates 2023
Fixed Deposits (FDs) or Term Deposits are one of the most important investment products offered by Kotak Mahindra Bank. Kotak Mahindra Bank offers you the option of opening an Kotak fixed deposit account with them. The bank offers a variety of tenures to choose from and the rate of return on the deposits is quite attractive as well.
Kotak Mahindra Bank FD Rates for Below Rs. 2 crore
Listed in the table below are the interest rates offered by Kotak Mahindra Bank on term deposits below Rs.2 crore.
| Tenure | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
| 7 – 14 Days | 2.75% | 3.25% |
| 15 – 30 Days | 3.00% | 3.50% |
| 31 – 45 Days | 3.25% | 3.75% |
| 46 – 90 Days | 3.50% | 4.00% |
| 91 – 120 Days | 4.00% | 4.50% |
| 121 – 179 days | 4.25% | 4.75% |
| 180 Days | 7.00% | 7.50% |
| 181 Days to 269 Days | 6.00% | 6.50% |
| 270 Days | 6.00% | 6.50% |
| 271 Days to 363 Days | 6.00% | 6.50% |
| 364 Days | 6.50% | 7.00% |
| 365 Days to 389 Days | 7.10% | 7.60% |
| 390 Days (12 months 25 days) | 7.20% | 7.70% |
| 391 Days – Less than 23 Months | 7.20% | 7.70% |
| 23 Months | 7.20% | 7.70% |
| 23 months 1 Day- less than 2 years | 7.20% | 7.70% |
| 2 years- less than 3 years | 7.00% | 7.50% |
| 3 years and above but less than 4 years | 6.50% | 7.00% |
| 4 years and above but less than 5 years | 6.25% | 6.75% |
| 5 years and above upto and inclusive of 10 years | 6.20% | 6.70% |
Note: The interest rates mentioned in the table are as of 11 May 2023.
Kotak Mahindra Bank FD Rates (Above Rs.2 crore)
Listed in the table below are the interest rates offered by Kotak Mahindra Bank on term deposits above Rs.2 crore but less than Rs.10 crore.
| Tenure | Rs. 2 Crore & above but below Rs. 5 Crores | Rs. 5 Crores & above but below Rs. 10 Crores |
| 7 – 14 Days | 4.00% | 4.50% |
| 15 – 30 Days | 4.00% | 4.75% |
| 31 – 45 Days | 4.50% | 5.50% |
| 46 – 60 Days | 4.75% | 5.75% |
| 61 – 90 Days | 5.25% | 6.25% |
| 91 – 120 Days | 5.50% | 6.75% |
| 121 – 179 Days | 6.00% | 7.00% |
| 180 Days | 7.00% | 7.00% |
| 181 Days to 270 Days | 6.50% | 7.05% |
| 271 Days to 279 Days | 5.50% | 5.75% |
| 280Days â 364 days | 6.75% | 7.10% |
| 365 days â Less Than 15Months | 7.25% | 7.35% |
| 15 months – less than 18 months | 7.25% | 7.30% |
| 18 months – less than 2 Years | 7.25% | 7.10% |
| 2 years and above but less than 3 years | 7.00% | 7.10% |
| 3 years and above but less than 4 years | 6.50% | 6.50% |
| 4 years and above but less than 5 years | 6.25% | 6.40% |
| 5 years and above upto & inclusive of 7 years | 6.25% | 6.25% |
Note: The interest rates mentioned in the table are as of 21 June 2023.
Kotak Mahindra Bank on term deposits above Rs.10 crore
| Tenure | Rs. 10 Crores & above but below 25 Crores | Rs. 25 Crores & above |
| 7 – 14 Days | 4.50% | 4.50% |
| 15 – 30 Days | 4.75% | 4.75% |
| 31 – 45 Days | 5.50% | 5.50% |
| 46 – 60 Days | 5.75% | 5.75% |
| 61 – 90 Days | 6.25% | 6.25% |
| 91 – 120 Days | 6.75% | 6.75% |
| 121 – 179 Days | 7.00% | 7.00% |
| 180 Days | 7.00% | 7.00% |
| 181 Days to 270 Days | 7.10% | 7.10% |
| 271 Days to 279 Days | 5.75% | 5.75% |
| 280Days â 364 days | 7.10% | 7.10% |
| 365 days â Less Than 15Months | 7.35% | 7.35% |
| 15 months – less than 18 months | 7.30% | 7.30% |
| 18 months – less than 2 Years | 7.10% | 7.10% |
| 2 years and above but less than 3 years | 7.10% | 7.10% |
| 3 years and above but less than 4 years | 6.50% | 6.50% |
| 4 years and above but less than 5 years | 6.40% | 6.40% |
| 5 years and above upto & inclusive of 7 years | 6.25% | 6.25% |
Note: The interest rates mentioned in the table are as of 21 June 2023.
Kotak Mahindra Bank NRE and NRO FD Rates
When it comes to NRO Fixed deposits, the interest offered by Kotak Mahindra Bank is the same as the domestic fixed deposit rates.
Kotak Bank NRE FD Rates: Below Rs.2 crore
| Tenure | Interest rates (p.a.) |
| 365 Days to 389 Days | 7.10% |
| 390 Days (12 months 25 days) | 7.20% |
| 391 Days – Less than 23 Months | 7.20% |
| 23 Months | 7.20% |
| 23 months 1 Day- less than 2 years | 7.20% |
| 2 years- less than 3 years | 7.00% |
| 3 years and above but less than 4 years | 6.50% |
| 4 years and above but less than 5 years | 6.25% |
| 5 years and above upto and inclusive of 10 years | 6.20% |
Kotak Bank NRE/NRO Deposit Rates – Premature Withdrawal Not Allowed
| Maturity Period | 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 |
| 91 – 120 Days | NA | 7.10% | 7.10% | 7.10% |
| 121 – 179 Days | NA | 7.20% | 7.20% | 7.20% |
| 180 Days | NA | 7.20% | 7.20% | 7.20% |
| 181 Days to 270 Days | 6.80% | 7.30% | 7.35% | 7.35% |
| 271 Days to 279 Days | 6.00% | 6.25% | 6.25% | 6.25% |
| 280Days â 364 days | 7.15% | 7.35% | 7.35% | 7.35% |
| 365 days â Less Than 15Months | 7.55% | 7.55% | 7.55% | 7.55% |
| 15 months – less than 18 months | 7.50% | 7.50% | 7.50% | 7.50% |
| 18 months – less than 2 Years | 7.40% | 7.30% | 7.30% | 7.30% |
| 2 years and above but less than 3 years | 7.20% | 7.25% | 7.25% | 7.25% |
FCNR Deposit Rates of Kotak Mahindra Bank
| Maturity | USD (< 0.5 mio) | USD (>= 0.5 mio) | GBP | EURO | AUD | SGD |
| 1 Year-Less than 2 Year | 5.40% | 5.40% | 5.40% | 3.60% | 4.20% | 3.85% |
| 2 years -Less than 3 Year | 4.35% | 4.35% | 4.80% | 2.95% | 3.75% | 3.10% |
| 3 Year-Less than 4 year | 3.65% | 3.65% | 4.25% | 2.45% | 3.35% | No Quote |
| 4 Year-Less than 5 Year | 3.40% | 3.40% | No Quote | No Quote | No Quote | No Quote |
| 5 Years Only | 3.25% | 3.25% | No Quote | No Quote | No Quote | No Quote |
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