Kotak Mahindra Bank Fixed Deposit (FD)
Kotak Mahindra Bank Fixed Deposit lets you earn a fixed, assured return on a lump-sum deposit, with rates from 2.75% p.a. to 6.80% p.a. for the general public and up to 7.30% p.a. for senior citizens. Regular, senior citizen and tax-saving FD variants are available across tenures of 7 days to 10 years.
Features & Benefits of Kotak Mahindra Bank Fixed Deposit Schemes
FD Type | Important Features & Benefits |
Kotak Mahindra Bank Regular Fixed Deposit | • Attractive interest rates • Tenure from 7 days to 10 years • Minimum deposit of ₹5,000 • Premature withdrawal allowed |
Kotak Mahindra Bank Senior Citizen Fixed Deposit | • Competitive interest rates • Tenure from 7 days to 10 years • Minimum deposit of ₹5,000 • Premature withdrawal allowed |
Kotak Mahindra Bank Tax Saving Fixed Deposit | • Tax-saving FD option • Lock-in period of 5 years • Premature or partial withdrawal not allowed • Senior citizens (60 years and above) are eligible |
A Kotak Mahindra Bank Fixed Deposit also lets you choose how you receive your interest monthly, quarterly, or reinvested until maturity so you can pick between regular payouts and compounded growth.
Kotak Mahindra Bank offers a nomination facility on its Fixed Deposits and a Sweep-in facility that links your FD to your savings account for added liquidity, without needing to break the deposit.
Kotak Mahindra Bank FD Eligibility:
Resident Indians, senior citizens, members of HUF and NRIs are eligible to open their fixed deposit accounts with Kotak Mahindra Bank.
Kotak Mahindra Bank FD Interest Rates:
The bank offers attractive Kotak Mahindra FD Interest Rates for their customers. The bank offers 6.80% p.a. as the highest rate of interest for a tenure of 2 years to less than 3 years for deposits below Rs.3 crore.
The lowest rate of interest is 2.75% p.a. for tenures ranging from 7 days up to 30 days.
Kotak Mahindra Bank FD Rates
The rates of interest offered by Kotak Mahindra Bank on term deposits below Rs.3 crore are as follows:
Tenure | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
7 - 14 Days | 2.75% | 3.25% |
15 - 30 Days | 2.75% | 3.25% |
31 - 45 Days | 3.00% | 3.50% |
46 - 90 Days | 3.50% | 4.00% |
91 Days | 4.00% | 4.50% |
92 Days - 179 Days | 4.25% | 4.75% |
180 Days | 5.00% | 5.50% |
181 Days to 269 Days | 5.50% | 6.00% |
270 Days | 5.50% | 6.00% |
271 Days to 363 Days | 6.00% | 6.50% |
364 Days | 6.00% | 6.50% |
365 Days to less than 15 Months | 6.35% | 6.85% |
15 Months to less than 18 Months | 6.45% | 6.95% |
18 Months to less than 2 Years | 6.55% | 7.05% |
2 Years to less than 3 Years | 6.80% | 7.30% |
3 Years and above but less than 4 Years | 6.40% | 6.90% |
4 Years and above but less than 5 Years | 6.40% | 6.90% |
5 Years and above upto and inclusive of 10 Years | 6.25% | 6.75% |
Note: The interest rates are effective from 10 June 2026.
If you withdraw a Kotak Mahindra Bank Fixed Deposit before maturity, no penalty applies for a tenure up to 180 days, a 0.50% penalty applies for a tenure of more than 180 days up to 364 days, and a 1% penalty applies for a tenure of 365 days or more.
Summary
Kotak Mahindra Bank Fixed Deposit offers assured returns for resident individuals, HUF members, senior citizens and NRIs, with regular, senior citizen and tax-saving variants across tenures of 7 days to 10 years. Interest rates currently range from 2.75% p.a. to 6.80% p.a. for the general public, with senior citizens earning a higher rate. Compare the Kotak Mahindra Bank FD rates above before booking your deposit.
FAQs on Kotak Mahindra Bank Fixed Deposit Scheme
1.What is a Kotak Mahindra Bank Fixed Deposit?
A Kotak Mahindra Bank Fixed Deposit is a savings product where you lock in a lump sum for a chosen tenure and earn a fixed rate of interest until maturity. It offers assured, low-risk returns that are typically higher than a regular savings account. Kotak Mahindra Bank offers regular, senior citizen and tax-saving Fixed Deposit variants.
2.Who is eligible to open a Kotak Mahindra Bank Fixed Deposit?
Resident Indians, Hindu Undivided Families, senior citizens and Non-Resident Indians can open a Kotak Mahindra Bank Fixed Deposit. Each depositor category has its own applicable interest rate, with senior citizens generally earning a higher rate than the general public. NRIs can open the deposit under the NRO or NRE route.
3.What tenure options does Kotak Mahindra Bank Fixed Deposit offer?
Kotak Mahindra Bank Fixed Deposit is available for tenures ranging from 7 days up to 10 years. You can choose a tenure that matches your savings goal, from a short-term parking of funds to a long-term investment. The interest rate applicable depends on the tenure you select.
4.What is the minimum amount required to open a Kotak Mahindra Bank Fixed Deposit?
You can open a Kotak Mahindra Bank Fixed Deposit with a minimum deposit amount, and there is no upper limit on how much you can invest. The exact minimum amount for each FD variant is listed in the features table above. This makes the Kotak Mahindra Bank Fixed Deposit accessible to most depositors.
5.How are interest payouts made on a Kotak Mahindra Bank Fixed Deposit?
A Kotak Mahindra Bank Fixed Deposit lets you choose to receive interest monthly, quarterly, or on a cumulative basis at maturity. The payout option you select depends on whether you need regular income or prefer your interest to compound. You can pick your preferred option while booking the deposit.
6.Can I withdraw a Kotak Mahindra Bank Fixed Deposit before maturity?
Yes, premature withdrawal is allowed on a Kotak Mahindra Bank regular or senior citizen Fixed Deposit, though a penalty charge applies depending on how long the deposit has run. A tax-saving Fixed Deposit cannot be withdrawn before the end of its lock-in period. The applicable penalty structure is detailed in the rates section above.
7.Can I take a loan against a Kotak Mahindra Bank Fixed Deposit?
Yes, Kotak Mahindra Bank allows a loan or overdraft against most Fixed Deposit variants, including deposits held in a minor's name, subject to submitting the required documents. This lets you access funds without breaking your deposit. A loan against deposit is not available on the tax-saving Fixed Deposit.
8.Can I renew a Kotak Mahindra Bank Fixed Deposit before it matures?
Yes, Kotak Mahindra Bank allows premature renewal of a Fixed Deposit, where the existing deposit is closed and re-booked for a new tenure. The interest rate applied is the one prevailing on the renewal date. This option is useful if you want to lock in a fresh tenure at a different rate.
9.What is a Kotak Mahindra Bank Tax Saving Fixed Deposit?
A Kotak Mahindra Bank Tax Saving Fixed Deposit is a deposit with a fixed lock-in period that qualifies for a tax deduction under Section 80C of the Income Tax Act. It is available to individuals, Hindu Undivided Families and senior citizens. Premature or partial withdrawal is not permitted during the lock-in period.
10.Is tax deducted at source (TDS) on Kotak Mahindra Bank Fixed Deposit interest?
Yes, Kotak Mahindra Bank deducts TDS on Fixed Deposit interest once your annual interest income crosses the threshold prescribed under the Income Tax Act, with senior citizens allowed a higher threshold. You can submit Form 15G or 15H, where eligible, to avoid TDS deduction. A TDS certificate is issued for the tax deducted at source.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2026 BankBazaar.com.