Kotak Mahindra Bank offers Fixed Deposit schemes to the general public, senior citizens and Non-residential Indians (NRIs). FD interest rates of Kotak Mahindra Bank for the general public range from 2.75 to 7.40% p.a. and 3.25 to 7.90% p.a. for senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Kotak Mahindra Bank Tax Saving FDs is 6.20% p.a. for the general public and 6.70% p.a. for senior citizen depositors for tenures of 5 years to 10 years.
Highlights for 2025 Fixed Deposit Scheme of Kotak Mahindra Bank
Tenure | 7 days to 5 years |
Senior Citizen Interest Rates | 3.25-7.90% p.a. |
Public Interest Rates | 2.75-7.40% p.a. |
Highest Interest Rates for Public | 7.40% p.a. |
Highest Interest Rates for Senior Citizens | 7.90% p.a. |
Premature Withdrawal | 0.5%. Penalty |
Minimum Deposit Amount | Rs 5,000 |
Interest Rates of FD for Kotak Mahindra Bank 2025
FD interest rates for the deposits of below Rs.2 crore are given below. These rates are applicable for the Domestic, NRO and NRE.
| Tenure | FD Rates for Regular Customers (% p.a.)* | FD Rates for Senior Citizens (% p.a.)* |
| 7 days to 14 days | 2.75 | 3.25 |
| 15 days to 30 days | 3.00 | 3.50 |
| 31 days to 45 days | 3.25 | 3.75 |
| 46 days to 90 days | 3.50 | 4.00 |
| 91 days to 120 days | 4.00 | 4.50 |
| 121 days to 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, i.e. 12 months 25 days | 7.40 | 7.90 |
| 391 days to less than 23 months | 7.40 | 7.90 |
| 23 months | 7.30 | 7.85 |
| 23 months 1 day to less than 2 years | 7.30 | 7.85 |
| 2 years to less than 3 years | 7.15 | 7.65 |
| 3 years to less than 4 years | 7.00 | 7.60 |
| 4 years to less than 5 years | 7.00 | 7.60 |
| 5 years to 10 years | 6.20 | 6.70 |
Fixed Deposit Rates of Kotak Mahindra Bank for 2 crore and above with Premature withdrawal facility.
Tenure | Rs. 2 Crore & above but below Rs. 5 Crores | Senior citizen rates for 2 Cr to less than 5 Cr# | Rs. 5 Crores & above but below Rs. 10 Crores # | Rs. 10 Crores & above but below 25 Crores # | Rs. 25 Cr & above but below 100 cr # | Rs. 100 Cr and above # |
7 - 14 Days | 4.00% | 4.00% | 4.50% | 4.50% | 4.50% | 4.50% |
15 - 30 Days | 4.00% | 4.00% | 4.75% | 5.00% | 5.00% | 5.00% |
31 - 45 Days | 4.50% | 4.50% | 5.50% | 5.50% | 5.50% | 5.50% |
46 - 60 Days | 4.75% | 4.75% | 5.75% | 5.75% | 5.75% | 5.75% |
61 - 90 Days | 5.25% | 5.25% | 6.25% | 6.25% | 6.25% | 6.50% |
91 - 120 Days | 5.50% | 5.50% | 6.75% | 7.15% | 7.20% | 7.40% |
121 - 179 Days | 6.00% | 6.00% | 7.00% | 7.25% | 7.25% | 7.40% |
180 Days | 7.00% | 7.00% | 7.00% | 7.25% | 7.25% | 7.40% |
181 Days to 270 Days | 6.50% | 6.50% | 7.20% | 7.30% | 7.30% | 7.45% |
271 Days to 279 Days | 5.50% | 5.50% | 5.75% | 5.80% | 5.80% | 5.80% |
280Days ‐ 364 days | 6.75% | 6.75% | 7.20% | 7.30% | 7.30% | 7.45% |
365 days ‐ Less Than 15Months | 7.50% | 8.00% | 7.45% | 7.55% | 7.60% | 7.60% |
15 months - less than 18 months | 7.30% | 7.65% | 7.40% | 7.45% | 7.45% | 7.45% |
18 months - less than 2 Years | 7.30% | 7.65% | 7.20% | 7.30% | 7.30% | 7.30% |
2 years and above but less than 3 years | 7.00% | 7.00% | 7.20% | 7.30% | 7.30% | 7.30% |
3 years and above but less than 4 years | 6.50% | 6.50% | 6.50% | 6.75% | 6.75% | 6.75% |
4 years and above but less than 5 years | 6.25% | 6.25% | 6.40% | 6.50% | 6.50% | 6.50% |
5 years and above upto & inclusive of 7 years | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% |
#Simple Interest rates
*rates updated as of 05 March 2024.
*Acceptance of deposits of Rs.5 cr. and above is at the discretion of the Bank.
Fixed Deposit Rates for Kotak Mahindra Bank for 2 crore and above with No-Premature withdrawal facility.
Tenure | 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 Cr & above but below 100 cr # | Rs. 100 Cr and above # |
91 - 120 Days | NA | 7.00% | 7.25% | 7.30% | 7.50% |
121 - 179 Days | NA | 7.25% | 7.40% | 7.40% | 7.50% |
180 Days | NA | 7.25% | 7.40% | 7.40% | 7.50% |
181 Days to 270 Days | 6.75% | 7.30% | 7.45% | 7.55% | 7.60% |
271 Days to 279 Days | 5.75% | 6.00% | 6.25% | 6.25% | 6.25% |
280Days ‐ 364 days | 7.00% | 7.35% | 7.50% | 7.60% | 7.60% |
365 days ‐ Less Than 15Months | 7.75% | 7.80% | 7.75% | 7.80% | 7.80% |
15 months - less than 18 months | 7.50% | 7.55% | 7.60% | 7.80% | 7.80% |
18 months - less than 2 Years | 7.50% | 7.35% | 7.40% | 7.40% | 7.40% |
2 years and above but less than 3 years | 7.25% | 7.35% | 7.35% | 7.45% | 7.45% |
3 years and above but less than 4 years | 7.25% | 7.35% | 7.35% | 7.45% | 7.45% |
#Simple Interest rates
*rates updated as of 05 March 2024.
*Acceptance of deposits of Rs.5 cr. and above is at the discretion of the Bank.
Types of FD Schemes Offered by Kotak Mahindra Bank
Kotak Mahindra Bank offers several types of FD accounts to its customers.
Regular Fixed Deposit (FD)
Kotak Mahindra Bank's regular FD starts with a minimum deposit of Rs. 5,000 and offers tenures from 7 days to 10 years. Premature withdrawals are allowed. Interest for tenures under 181 days is calculated using the simple interest method. For monthly payouts, interest is disbursed at discounted rates.
Senior Citizen FD
This scheme, tailored for individuals aged 60 and above, requires a minimum deposit of Rs. 5,000. Tenures range from 7 days to 10 years, with an additional 0.50% p.a. interest over regular FD rates. Interest can be received quarterly, monthly, or at maturity. For tenures below 181 days, simple interest is applied. Monthly payout FDs require a minimum tenure of 181 days, with discounted interest rates.
Tax Saving FD
This FD offers tax benefits under Section 80C of the Income Tax Act, allowing deductions of up to Rs. 1.5 lakh. Tenures range from 5 to 10 years, with a mandatory 5-year lock-in period prohibiting premature withdrawals. Interest can be received quarterly or at maturity, and a nominee can be appointed for the deposit.
Special Features and Benefits of Kotak Mahindra Bank Fixed Deposit
- Kotak Mahindra Bank offers attractive interest rates on all FD schemes.
- Deposit a sum as low as Rs 5,000 to open an FD account with the bank.
- Choose the tenure suitable for you that can be anything in the range of 7 days and 10 years.
- Sweep in facility is available to enjoy the liquidity in saving or current account.
- Flexibility to choose interest payment intervals, i.e. monthly, quarterly or on maturity.
- Senior Citizens' rate is not applicable on NRO/NRE deposits.
- Enjoy high liquidity as partial and premature withdrawal of fixed deposit is allowed.
- Nomination facility is available to any family member.
Eligibility Criteria for Kotak Mahindra Bank FD
You must fulfil one of the following eligibility criteria to open an FD account with the bank:
- Individuals
- Joint accounts for 2 or more individuals
- Partnership firms
- Trusts
- Minors
- Blind people
- Illiterate people
- Hindu undivided families
- Limited companies and partnership firms
- Municipalities and panchayats
- Charitable, religious, and educational institutions
- Associations, societies, clubs, etc.
- Sole proprietary concerns
Documents Required
- Identity Proof
- Passport
- PAN card
- Voter ID card
- Driving license
- Government ID card
- Photo ration card
- Senior citizen ID card
- Address Proof
- Passport
- Telephone bill
- Electricity bill
- Bank statement with a cheque
- Certificate/ID card issued by post office.
Premature Withdrawal Penalty on Kotak Mahindra Bank Fixed Deposit
Penalty rate given in the table are applicable for Domestic, NRO and NRE accounts. Depositors will receive the money after deducting the penal rate from applicable rate of FD.