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The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, and FCNR fixed deposits. Kotak Mahindra Bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro, Japanese Yen (YEN), Australian Dollar (AUD), and Singapore Dollar (SGD).
| Kotak Mahindra Bank Fixed Deposit (FD) Interest Rates (p.a.) Highlights | |
| Highest slab rate | 6.70% (for 391 days to less than 2 years) |
| For 1 year | 6.25% |
| For 2 years | 6.70% |
| For 3 years | 6.40% |
| For 4 years | 6.40% |
| For 5 years | 6.25% |
| Tax-Saving FD | 6.25% |
The interest rates are updated as of 2 January 2026
Book FDs at Interest rate upto 8.00% p.a
Manage all FDs in one place
No Bank A/C Required
Kotak Mahindra FD Interest Rates
Kotak Mahindra FD Rates on Domestic/NRO/NRE deposits of less than Rs 3 crore w.e.f. 5 December 2025
| Tenure | Interest Rates (% p.a.) | |
| Regular Individuals | Senior Citizens | |
| 7 – 14 days | 2.75 | 3.25 |
| 15 – 30 days | 2.75 | 3.25 |
| 31 – 45 days | 3.00 | 3.50 |
| 46 – 90 days | 3.50 | 4.00 |
| 91 days | 5.00 | 5.50 |
| 92 – 179 days | 4.25 | 4.75 |
| 180 days | 5.75 | 6.25 |
| 181 days to 269 days | 5.50 | 6.00 |
| 270 days | 5.50 | 6.00 |
| 271 days to 363 days | 6.00 | 6.50 |
| 364 days | 6.00 | 6.50 |
| 365 days to 389 days | 6.25 | 6.75 |
| 390 days (12 months 25 days) | 6.50 | 7.00 |
| 391 days to less than 23 months | 6.70 | 7.20 |
| 23 months | 6.70 | 7.20 |
| 23 months 1 day to less than 2 years | 6.70 | 7.20 |
| 2 years to less than 3 years | 6.40 | 6.90 |
| 3 years to less than 4 years | 6.40 | 6.90 |
| 4 years to less than 5 years | 6.40 | 6.90 |
| 5 years to 10 years | 6.25 | 6.75 |
Note: 1. Additional senior citizen’s interest rates will not be applicable for NRO or NRE Fixed Deposits.
2. The minimum tenure for an NRE deposit is 365 days (1 year).
Kotak Mahindra Bank Tax Saver Deposit
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years to 10 years | 6.25 | 6.75 |
Explore Investment Options:
| Bonds in India | Types of Bonds | Bonds vs FD |
| Corporate Bonds | Tax Free Bonds | Capital Gain Bonds |
| Government Bonds | Zero Coupon Bonds | Floating Rate Bonds |
Kotak Mahindra Bank FD Interest Rates on FCNR (B) Deposits w.e.f. 1 January 2026
| Maturity | Interest Rates (% p.a.) | |||||
| USD (less than 0.5 million) | USD (0.5 million and above) | GBP | EURO | AUD | SGD | |
| 1 year to less than 2 years | 3.95 | 3.95 | 4.05 | 2.40 | 3.90 | 1.60 |
| 2 years to less than 3 years | 3.40 | 3.40 | 3.60 | 1.25 | 3.80 | 1.50 |
| 3 years to less than 4 years | 3.40 | 3.40 | 3.25 | 1.25 | 3.75 | NA |
| 4 years to less than 5 years | 3.20 | 3.20 | NA | NA | NA | NA |
| 5 years only | 3.00 | 3.00 | NA | NA | NA | NA |
Kotak FD Rates on RFC Deposits w.e.f. 1 January 2026
| Maturity | Interest Rates (% p.a.) | |||||
| USD (less than 0.5 million) | USD (0.5 million and above) | GBP | EURO | AUD | SGD | |
| 30 days to less than 6 months | 0.75 | 0.75 | 0.25 | NA | 0.01 | 0.01 |
| 6 months to less than 1 year | 1.50 | 1.50 | 0.50 | NA | 0.01 | 0.01 |
| 1 year to less than 2 years | 3.95 | 3.95 | 4.05 | 2.40 | 3.90 | 1.60 |
| 2 years to less than 3 years | 3.40 | 3.40 | 3.60 | 1.25 | 3.80 | 1.50 |
| 3 years only | 3.40 | 3.40 | 3.25 | 1.25 | 3.75 | NA |
Types of Kotak Mahindra Bank FD Schemes
Kotak Mahindra Regular Fixed Deposit
- Minimum amount of deposit: Rs 5,000
- Tenure: 7 years – 10 years
- Additional 0.50% p.a. interest rate over the regular FD rates is offered to senior citizen FD depositors
- Premature withdrawal of deposits is allowed
- Simple interest will be used for calculating interest on deposits for below 181 days
- Interest in the case of FD opened with monthly interest payout would be paid at discounted rates
Kotak Mahindra Tax Saving Fixed Deposit
- Deposits are eligible for deduction of up to Rs 1.5 lakhs under section 80C of the Income Tax Act
- Tenure: 5 years – 10 years
- Lock in period: 5 years
- Partial or premature withdrawals are not allowed before the lock-in period
- Nomination facility is available
- Depositors have the option to receive interest quarterly or at maturity
Kotak Mahindra Senior Citizen Fixed Deposit
- This facility is offered to resident senior citizens aged 60 years and above
- Minimum amount of deposit: Rs 5,000
- Tenure: 7 days – 10 years
- Depositors have the option to receive interest payments at quarterly/monthly intervals or at maturity
- For FDs with tenure below 181 days, interest will be calculated as simple interest at maturity
- For monthly pay-out FDs, the minimum duration is 181 days and interest payout will be discounted based on the applicable rates
Kotak Mahindra Sweep-In Facility
- This Sweep-In facility enables depositors to link their existing fixed deposit to their current or savings to enjoy liquidity
- Only the principal amount will be considered for the sweep-in facility
- Multiple FDs can be linked to a savings account
Kotak Mahindra NRE Fixed Deposit
- Minimum amount of deposit: Rs 50,000
- Tenure: 1 year – 10 years
- Both the principal and interest are fully repatriable
- Auto renewal facility is available
Kotak Mahindra NRO Fixed Deposit
- Eligibility: NRIs and PIOs
- Minimum amount of deposit: Rs 50,000
- Auto renewal facility on deposits is available
- Interest on deposits is fully repatriable
Kotak Mahindra Foreign Currency Non-Resident Deposit
- Eligibility: NRIs and PIOs
- Depositors can hold deposits in any of these 6 currencies: US Dollars (USD), British Pound Sterling (GBP), Euro, Japanese Yen (YEN), Australian Dollar (AUD), and Singapore Dollar (SGD)
- Tenure: 1 year – 5 years
- No interest will be paid if the deposit is pre-closed in less than 1 year
Premature withdrawal penalty of Domestic / NRO / NRE FDs
Interest will be paid after deducting the penal rate from the applicable rate. The applicable rate would be the interest rate applicable for the period of deposit for which the FD remained with the Bank at the time of FD opening or at the contracted rate, whichever is lower.
The penal charge on premature closure of FDs including partial closure has been fixed by the Kotak Mahindra bank as mentioned below on FDs booked/ renewed on or after 20th May 2022:
| Tenure of Fixed Deposit | Penalty |
| Less than equal to 181 days | NIL |
| Greater than 180 days to 364 days | 0.50% |
| 365 days and above | 1.00% |
Kotak FD Calculator
Account-holders can make use of the Kotak FD calculator to check the amount they would receive on maturity. This online tool is available at Paisabazaar.com and can be used without any charge or fee. Customers who want to invest in Kotak Mahindra Bank Fixed Deposit can check the maturity amount and interest earned by providing details like:
- Deposit Amount
- Current Kotak Bank FD Rates
- Deposit Tenure
Using this FD Calculator, depositors can check and compare maturity amounts for different tenure & corresponding FD rates.
FAQs
Q. What is the highest Kotak Bank FD rate?
A. Currently, the highest Kotak Bank FD rate is 6.70% p.a. for regular individuals and 7.20% p.a. for senior citizens.
Q. What is the minimum & maximum tenure option of Kotak Bank Fixed Deposit Account?
A. The minimum and maximum tenure option of Kotak Bank Fixed Deposit Account is 7 days and 10 years respectively.
Q. Who all are eligible for Kotak Bank Regular Fixed Deposit Scheme?
A. The deposit scheme is available to all resident individuals, HUFs, minors, and senior citizens above 60 years of age.
Q. Is premature withdrawal available for Kotak Bank Tax Saving Fixed Deposit?
A. No, premature withdrawal is not available for Kotak Bank Tax Saving Fixed Deposit. The minimum lock-in period for Kotak Mahindra Bank Tax Saver FD is 5 years.