Kotak Mahindra Bank understands your needs and offers pretty high interest rates. Its lowest rates are the quite high among its competitors at least for the period of investment of one to five crore.

Believe it or not, it’s 6.70 percent for amount less than a crore and 5.40 percent for 46-90 days. Isn’t it simply amazing?

The high rate which is 6.70 percent start right from 9 months and above for the amount less than a crore and is same till 2 year-1000 days and 100 days maturity period. It falls by 0.25 percent for 5-10 years of period.

The interest rate for the amount above-one-crore is less (-0.50 or -0.40 percent) for greater periods as compared to below-one-crore investment. Below interest rates are effective from 11 January, 2018.

kotak mahindra fixed deposit

Kotak Mahindra Bank Fixed Deposit interest rates 2018 ( Domestic, NRE & NRO):

TIME PERIOD

Premature Withdrawal Allowed

BELOW ONE CRORE
Interest Rate
(per annum)
Senior Citizen Rates
(per annum)
7 Days to 14 Days 3.50% 4.00%
15 Days to 30 Days 4.00% 4.50%
31 Days to 45 Days 5.00% 5.50%
46 Days to 60 Days 5.40% 5.90%
61 Days to 90 Days 5.40% 5.90%
91 Days to 180 Days 5.60-6.00% 6.10-6.50%
181 Days to 270 days 6.70% 7.20%
271 Days to 1 Year 6.70% 7.20%
1 Year to 2 Years 6.70% 7.20%
2 Years to 3 Years 6.70% 7.20%
3 Years to 5 Years 6.50% 7.00%
5 Years to 10 Years 6.25% 6.75%

Kotak Mahindra Bank Bulk Deposits Rates 2018 (Domestic, NRO & NRE):

 Period

(Premature Withdrawal Allowed)

1 Crore to 5 Crores  5 Crores to 10 Crores 10 Crore to 25 crores Above 25 Crores
 7 Days to 14 Days 4.50% 4.25% 4.25% 4.25%
 15 Days to 30 Days 4.75% 5.50% 5.50% 5.50%
 30 Days to 45 Days 5.00% 6.00% 6.00% 6.00%
 45 Days to 60 Days 5.25% 6.25% 6.25% 6.25%
 60 Days to 90 Days 5.40% 6.30% 6.30% 6.30%
 90 Days to 180 Days 6.50% 6.65-6.75% 6.65-6.75% 6.65-6.75%
 180 Days to 270 Days 6.60% 6.85% 6.85% 6.85%
 270 Days to 1 Years 6.60% 6.85% 6.85% 6.85%
 1 Year to 2 Years 6.80% 6.25% 6.25% 6.25%
 2 Years to 3 Years 6.50% 6.00% 6.00% 6.00%
 3 Years to 5 Years 6.50% 6.00% 6.00% 6.00%
 5 Years to 7 Years 6.25% 6.00% 6.00% 6.00%

 Kotak Mahindra Bank Fixed deposit rates (Premature Withdrawal not Allowed):

 Period 1 Crore to 5 Crores  5 Crores to 10 Crores 10 Crores to 25 Crores Above 25 Crores
 7 Days to 14 Days  NA  NA  NA NA
 15 Days to 30 Days  NA  NA  NA  NA
 30 Days to 90 Days NA NA  NA  NA
 90 Days to 120 Days NA 6.75% 6.75% 6.75%
 120 Days to 180 Days  NA 6.85% 6.85% 6.85%
180 Days  NA 6.95% 6.95% 6.95%
 180 Days to 270 Days 6.70% 7.00% 7.00% 7.00%
 270 Days to 1 Year 6.70% 7.00% 7.00% 7.00%
 1 Year to 2 Years 6.90% 6.35% 6.35% 6.35%
 2 Years to 3 Years 6.60% 6.10% 6.10% 6.10%
 3 Years to 5 Years NA NA NA NA
 5 Years to 7 Years NA NA NA NA

Table updated: 12 February, 2018

Important note: For NRE and NRO deposits, Senior citizen rates are not available and no interest paid for closing account before 1 year.

The best period/time for an investment below a crore for which you should go for and invest would be any period above 9 months. There is an additional 0.50 percent interest rate for senior citizens. The good news is that here is no penalty on pre-mature withdrawal.

Kotak Mahindra Bank Fixed Deposit interest Calculator

Calculate Maturity Value Now

Check out full details from official website of kotak Bank @ http://www.kotak.com/interest-rates.html

4 Comments

  1. Excellent. I am retired Wing Commander OF Indian Air Force. You should give 9.25% FD int for period between 3 to 5 years. I am keen
    YK Lal
    9924127652

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