Kotak Mahindra Bank Fixed Deposit (FD) Interest Rates

Features of Kotak Mahindra Bank FD

Interest rates (p.a)2.75% - 7.70%

Minimum deposit 5,000

Maximum deposit 5 Crs

Lock-in

12 months

Tenure 1 yr - 10 yrs

Extra 0.5% p.a.

FD Calculator

By Deposit Amount
By Target Amount

Deposit Amount

Min. 5,000, Max. 5 Crs

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Deposit Tenure

Min. 1 yr, Max. 10 yrs

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Regular income

Target Amount

Monthly Income

Min. 5,000, Max. 5,000

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Deposit Tenure

Min. 1 yr, Max. 10 yrs

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Kotak Mahindra Bank FD Interest Rate 2023

Tenure	General Public FD Rate	Senior Citizens FD Rate
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 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: All interest rates shown above are annual (p.a.) as on 11th May 2023

Fixed Deposit Interest Rates Comparison 2023

Name	Interest rate (p.a.)	Tenure	Min. deposit
Bajaj Finance Ltd.	7.11% - 8.60%	1 - 5yrs	50,000	Deposit Now
SBI Bank	3.00% - 7.60%	1 - 10yrs	1,000	View details
ICICI Bank	3.00% - 7.60%	1 - 10yrs	10,000	View details
Axis Bank	3.50% - 7.95%	1 - 10yrs	5,000	View details
HDFC Bank	3.00% - 7.75%	1 - 10yrs	5,000	View details
Bank of Baroda	3.00% - 7.75%	1 - 10yrs	1,000	View details
IDFC Bank	3.50% - 8.00%	1 - 10yrs	10,000	View details
Kotak Mahindra Bank	2.75% - 7.70%	1 - 10yrs	5,000	View details
Canara Bank	4.00% - 7.75%	1 - 10yrs	1,000	View details
Yes Bank	3.25% - 8.25%	1 - 10yrs	10,000	View details
IndusInd Bank	3.50% - 8.25%	1yr - 5yrs 1m	10,000	View details
Punjab National Bank	3.50% - 7.75%	1 - 10yrs	1,000	View details
IDBI Bank	3.00% - 7.30%	1 - 20yrs	10,000	View details
Union Bank	3.00% - 7.75%	1 - 10yrs	1,000	View details
Citibank	3.50% - 7.95%	1 - 5yrs	1,000	View details
RBL Bank	3.50% - 8.30%	1 - 10yrs	1,000	View details
Indian Bank	2.80% - 7.20%	1 - 10yrs	1,000	View details

About Kotak Mahindra Bank

As the flagship company of the Kotak Group, Kotak Mahindra Bank is a full-service commercial bank that was launched in 2003. Regarded as one of the fastest growing banks, Kotak Mahindra Bank offers a wide range of products and services from commercial, personal and corporate banking services inclusive of deposit accounts, investments, and loans.

Benefits of Kotak Mahindra Bank Fixed Deposit

1. Low Minimum Deposit - You can start a fixed deposit of only 5000 on attractive Kotak FD interest rates with tenure options ranging from seven days to 10 years.
2. Safe and assured - Kotak Mahindra bank offers a number of advantages ranging from assured returns to availing an overdraft facility against your fixed deposit depending on its tenure. Using the online application to open your account is swift and hassle-free.
3. Sweep-in facility - You can avail a sweep-in facility wherein your existing fixed deposit is linked to your savings or current account. This ensures financial flexibility without worrying about running out of funds. You can enjoy high liquidity by withdrawing from your fixed deposit to your savings or current account. You can also link multiple fixed deposits to your savings account. However, only the principal amount of the fixed deposit is considered for the sweep-in facility.

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Regular income

Target Amount

Are you a senior citizen?

Earn 0.25% p.a. extra interest

Maximise your returns with

Bajaj Finance Ltd.

★ ★ ★ ★ ★

8.6%

Check out Bajaj Finance Ltd.

ET Money does not offer investment options with Kotak Mahindra Bank fixed deposit,