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 5.50 percent for 46-90 days. Isn’t it simply amazing?

The high rate which is 6.50 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 0.25 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 3 February, 2017.

kotak mahindra fixed deposit

Kotak Mahindra Bank Fixed Deposit interest rates 2017 ( 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 Days5.50%6.00%
61 Days to 90 Days5.50%6.00%
91 Days to 180 Days6.00%6.50%
181 Days to 270 days6.50%7.00%
271 Days to 1 Year6.50-6.75%7.00%
1 Year to 2 Years6.25%6.75%
2 Years to 3 Years6.25%6.75%
3 Years to 5 Years6.25%6.75%
5 Years to 10 Years6.00%6.50%

Kotak Mahindra Bank Bulk Deposits Rates 2017 (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 Days4.75%4.75%4.75%4.75%
 15 Days to 30 Days5.00%5.00%5.00%5.00%
 30 Days to 45 Days5.00%5.00%5.00%5.00%
 45 Days to 60 Days5.25%5.25%5.25%5.25%
 60 Days to 90 Days5.50%5.25%5.25%5.25%
 90 Days to 180 Days5.75%5.50%5.50%5.50%
 180 Days to 270 Days6.25%6.25%6.00%6.00%
 270 Days to 1 Years6.25%6.25%6.00%6.00%
 1 Year to 2 Years6.00%6.00%6.00%6.00%
 2 Years to 3 Years6.00%6.00%6.00%6.00%
 3 Years to 5 Years6.00%6.00%6.00%6.00%
 5 Years to 7 Years6.00%6.00%6.00%6.00%

 Kotak Mahindra Bank Fixed deposit rates (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 45 DaysNANA NA NA
 45 Days to 60 DaysNA NA NA NA
 60 Days to 90 Days NA NA NA NA
 90 Days to 180 Days NA5.60%5.60%5.60%
 180 Days to 270 Days6.35%6.35%6.10%5.60%
 270 Days to Year6.35%6.35%6.20% 6.20%
 1 Year to 2 Years6.35%6.10%6.10%6.10%
 2 Years to 3 Years6.10%6.10%6.10%6.10%
 3 Years to 5 Years6.10%6.10%6.10%6.10%
 5 Years to 7 Years6.10%6.10%6.10%6.10%

Table updated: 5 February, 2017

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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