Kotak Mahindra Bank Fixed Deposit (FD) Interest Rates (p.a.) Highlights 2022 | |
| Highest slab rate | 5.75% (for 3 years to 10 years) |
| For 1 year | 5.40% |
| For 2 year | 5.60% |
| For 3 year | 5.75% |
| For 4 year | 5.75% |
| For 5 year | 5.75% |
| Tax-Saving FD | 5.75% |
Kotak Mahindra FD Interest Rates 2022
Kotak Mahindra FD Rates on Domestic/NRO/NRE deposits of less than Rs 2 crore w.e.f. 6 May 2022
| Tenure | Interest Rates (% p.a.) | |
| Regular Individuals | Senior Citizens | |
| 7 – 14 days | 2.50 | 3.00 |
| 15 – 30 days | 2.50 | 3.00 |
| 31 – 45 days | 3.00 | 3.50 |
| 46 – 90 days | 3.00 | 3.50 |
| 91 – 120 days | 3.50 | 4.00 |
| 121 – 179 days | 3.50 | 4.00 |
| 180 days | 4.75 | 5.25 |
| 181 days to 269 days | 4.75 | 5.25 |
| 270 days | 4.75 | 5.25 |
| 271 days to 363 days | 4.75 | 5.25 |
| 364 days | 5.25 | 5.75 |
| 365 days to 389 days | 5.40 | 5.90 |
| 390 days (12 months 25 days) | 5.50 | 6.00 |
| 391 days to less than 23 months | 5.50 | 6.00 |
| 23 months | 5.60 | 6.10 |
| 23 months 1 day to less than 2 years | 5.60 | 6.10 |
| 2 years to less than 3 years | 5.60 | 6.10 |
| 3 years to less than 4 years | 5.75 | 6.25 |
| 4 years to less than 5 years | 5.75 | 6.25 |
| 5 years to 10 years | 5.75 | 6.25 |
Note: 1. Additional senior citizens interest rates will not be applicable for NRO or NRE Fixed Deposits
2. The minimum tenure for NRE deposit is 365 days (1 year)
Kotak Mahindra Bank Tax Saver Deposit
| Tenure | Regular Citizens | Senior Citizens |
| 5 years to 10 years | 5.75% | 6.25% |
Interest Rates on FCNR (B) Deposits w.e.f. 1 May 2022
| Maturity | Interest Rates (% p.a.) | ||||||
| USD (less than 0.5 million) | USD (0.5 million and above) | GBP | EURO | YEN | AUD | SGD | |
| 1 year to less than 2 years | 1.30 | 1.30 | 0.70 | 0.00 | 0.00 | 1.00 | 0.45 |
| 2 years to less than 3 years | 1.20 | 1.10 | 0.35 | NA | 0.00 | 0.20 | 0.20 |
| 3 years to less than 4 years | 1.20 | 1.00 | 0.20 | NA | NA | NA | NA |
| 4 years to less than 5 years | 1.10 | 1.00 | NA | NA | NA | NA | NA |
| 5 years only | 0.90 | 0.75 | NA | NA | NA | NA | NA |
Interest rates on RFC Deposits w.e.f. 1 April 2022
| Maturity | Interest Rates (% p.a.) | ||||||
| USD (less than 0.5 million) | USD (0.5 million and above | GBP | EURO | YEN | AUD | SGD | |
| 30 days to less than 6 months | 0.25 | 0.25 | 0.30 | 0.00 | 0.00 | 0.30 | No Quote |
| 6 months to less than 1 year | 0.45 | 0.45 | 0.40 | 0.00 | 0.00 | 0.35 | No Quote |
| 1 year to less than 2 years | 0.90 | 0.90 | 0.65 | 0.00 | 0.00 | 0.35 | 0.40 |
| 2 years to less than 3 years | 0.90 | 0.90 | 0.50 | No Quote | 0.00 | 0.80 | 0.40 |
| 3 years only | 0.90 | 0.80 | 0.30 | No Quote | No Quote | No Quote | No Quote |
Types of Kotak Mahindra Bank FD Schemes
Regular Fixed Deposit
- Minimum amount of deposit: Rs 5,000
- Tenure: 7 years – 10 years
- Additional 0.50% p.a. is offered to senior citizens
- Premature withdrawal of deposits is allowed
- Simple interest will be used for calculating interest on deposits for below 181 days
- Interest in case of FD opened with monthly interest payout would be paid at discounted rates