Here are the Latest Kotak Fixed Deposit Rates

 Much like many other banks and non-bank finance companies or NBFCs, Kotak Mahindra Bank also recently revised its interest rates on fixed deposits. In case you have a lump sum amount of savings that you wish to park in a term deposit and Kotak is your preferred choice of bank, then this article is for you. Here you will find all the information about the latest Kotak Bank fixed deposit rates that will help you make an informed decision. So, without any further ado, let us now begin. 



The Revised FD Rates for Kotak Bank 

The below mentioned interest rates are applicable on fixed deposits with Kotak Bank (with effect from 1st September 2022). Please note that these rates are for deposits of up to INR two crores.

Maturity Period


Interest Rates Per Annum for Regular customers (with effect from 1st September 2022)

Interest Rates Per Annum for Senior Citizens (with effect from 1st September 2022)

181 Days to 269 Days

5.00

5.50

270 Days

5.00

5.50

271 Days to 363 Days

5.00

5.50

364 Days

5.25

5.75

365 Days to 389 Days

5.75

6.25

390 Days (12 months 25 days)

6.00

6.50

391 Days to Less than 23 Months

6.00

6.50

23 Months

6.10

6.60

23 months & 1 Day to less than 2 years

6.10

6.60

2 years to less than 3 years

6.00

6.50

3 years & above to less than 4 years

6.00

6.50

4 years & above but less than 5 years

6.00

6.50

5 years & above up to & inclusive of 10 years

6.00

6.50


It is evident from the above table that Kotak fixed deposit rates for senior citizens are slightly higher than the ones offered for regular citizens. To be precise, people aged 60 years and above enjoy 0.50 percent higher Kotak Bank fixed deposit rates. 

Features of Kotak Bank Fixed Deposits

Penalty on Premature Withdrawals: In case the tenure of the fixed deposit is less than 181 days, then no penalty is charged on the depositor for premature withdrawal. However, if the tenure of the FD is over 181 days, then a penalty of 0.50 percent is applicable. 

Minimum Deposit Period: You can create a Kotak Bank fixed deposit for as short as seven days’ period.


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