Kotak Mahindra Bank understands your needs and offers pretty high-interest rates. Its lowest rates are 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 an amount less than a crore and 5.50 Percent for 46-90 days. Isn’t it simply amazing?

The high rate which is 7.00 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 the 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 16 February 2019.

kotak mahindra fixed deposit

Kotak Mahindra Bank Fixed Deposit interest rates February 2019 ( Domestic, NRE & NRO):

TIME PERIOD

Premature Withdrawal Allowed

BELOW ONE CRORE
Interest Rate
(per annum)
Senior Citizen Rates
(per annum)
7 Days to 14 Days3.50%4.00%
15 Days to 30 Days4.00%4.50%
31 Days to 45 Days5.00%5.50%
46 Days to 60 Days5.40%5.90%
61 Days to 90 Days5.50%6.00%
91 Days to 180 Days6.25-7.00%7.50%
181 Days to 270 days7.00%7.50%
271 Days to 1 Year7.00%7.50%
1 Year to 2 Years7.25%7.75%
2 Years to 3 Years7.25%7.75%
3 Years to 5 Years7.10%7.60%
5 Years to 10 Years6.50%7.00%

Kotak Mahindra Bank Bulk Deposits Rates February 2019 (Domestic, NRO & NRE):

 Period

(Premature Withdrawal Allowed)

1 Crore to 5 Crores 5 Crores to 10 Crores10 Crore to 25 croresAbove 25 Crores
 7 Days to 14 Days4.50%4.25%4.25%4.25%
 15 Days to 30 Days4.75%4.75%4.75%4.75%
 30 Days to 45 Days5.75%6.25%6.25%6.25%
 45 Days to 60 Days6.25%7.00%7.00%7.00%
 60 Days to 90 Days6.50%7.10%7.10%7.10%
 90 Days to 180 Days6.75%7.30%7.30%7.30%
 180 Days to 270 Days7.25%7.35%7.35%7.35%
 270 Days to 1 Years7.25%7.35%7.35%7.35%
 1 Year to 2 Years7.40%7.25%7.25%7.25%
 2 Years to 3 Years7.25%7.00%7.00%7.00%
 3 Years to 5 Years7.00%6.75%6.75%6.75%
 5 Years to 7 Years6.50%6.00%6.00%6.00%

 Kotak Mahindra Bank Fixed deposit rates 2019 (Premature Withdrawal not Allowed):

 Period1 Crore to 5 Crores 5 Crores to 10 Crores10 Crores to 25 CroresAbove 25 Crores
 7 Days to 14 Days NA NA NANA
 15 Days to 30 Days NA NA NA NA
 30 Days to 90 DaysNANA NA NA
 90 Days to 120 DaysNA7.30%7.30%7.30%
 120 Days to 180 Days NA7.40%7.40%7.40%
180 Days NA7.45%7.45%7.45%
 180 Days to 270 Days7.35%7.45%7.45%7.45%
 270 Days to 1 Year7.35%7.45%7.45%7.45%
 1 Year to 2 Years7.60%7.65%7.65%7.65%
 2 Years to 3 Years7.35%7.10%7.10%7.10%
 3 Years to 5 YearsNANANANA
 5 Years to 7 YearsNANANANA

Table updated: 19 February 2019

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 there is no penalty on pre-mature withdrawal.

Kotak Mahindra Bank Fixed Deposit Interest Calculator

Calculate Maturity Value Now

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

4 Comments

  1. I am interested, open the Fixed deposit account in kotak mahindra but not a any information of bank

  2. 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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