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 percent for amount less than a crore and 6.50 percent for 46-90 days. Isn’t it simply amazing?

The highest rate which is 7.50 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 0.50 percent for 5-10 years of period.

kotak mahindra fixed deposit

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 1 April, 2016.

Look at Kotak Mahindra Bank Fixed Deposit interest rates Table ( Domestic, NRE & NRO):

TIME PERIOD

Premature Withdrawal Allowed

BELOW ONE CRORE
Interest Rate
(per annum)
Senior Citizen Rates
(per annum)
7 – 14 Days4.004.50
15 – 30 Days4.505.00
31 – 45 Days5.506.50
46 – 60 Days6.507.00
61 – 90 Days6.507.00
91 Days – 180 Days7.007.50
181 Days – 270 days7.307.90
271 Days – 1 year7.508.00
1 Year – 2 Years7.90-7.758.40-8.25
2 Years – 3 Years7.508.00
3 Years – 5 Years7.508.00
5 Years – 10 Years7.257.75

Bulk Deposits (Domestic, NRO & NRE):

 Period

Premature Withdrawal Allowed

1-5 crores 5-10 crores10-25 croresAbove 25 crores
 7-14 days 6.00 6.25 6.006.00
 15-30 days 6.00 6.25 6.50 6.50
 30-45 days 6.256.25 6.25 6.25
 45-60 days 6.25 6.50 7.00 7.00
 60-90 days 6.50 6.50 6.50 6.50
 90-180 days 7.00 7.00 7.00 7.00
 180-270 days 7.30 7.30 7.25 7.25
 270 days- 1 years 7.50 7.50 750 7.50
 1-2 years 7.50 7.50 7.50 7.50
 2-3 years 7.50 7.25 7.25 7.25
 3-5 years 7.50 7.25 7.25 7.25
 5-7 years 7.25 7.25 7.25 7.25

 

 Period

Premature Withdrawal not Allowed

1-5 crores 5-10 crores10-25 croresAbove 25 crores
 7-14 days NA NA NANA
 15-30 days NA NA NA NA
 30-45 daysNANA NA NA
 45-60 daysNA NA NA NA
 60-90 days NA NA NA NA
 90-180 days NA 7.10 7.10 7.10
 180-270 days 7.40 7.40 7.35 7.35
 270 days- 1 years 7.60 7.60 7.60 7.60
 1-2 years 7.60 7.60 7.60 7.60
 2-3 years 7.60 7.35 7.35 7.35
 3-5 years 7.60 7.60 7.30 7.30
 5-7 years 7.35 7.35 7.15 7.15

Table updated: 5 April, 2016

Calculate Maturity Value now

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.

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

3 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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