Kotak Mahindra Bank FD Interest Rates 2024

Kotak Mahindra Bank, one of India’s fastest-growing banks, offers fixed deposit schemes where you can start investing with just ₹5,000. You can get attractive interest rates on these FDs depending on certain factors, such as: 

• Investment period
• Deposit type
• Your age

So, read on to know the latest rates and more.

Kotak Mahindra Bank FD Rates for Deposits Less Than ₹2 Crores

Here are the most recent interest rates for deposits with premature withdrawal facility:

Maturity Periods	For Regular Investors (in p.a.)	For Senior Citizens (in p.a.)
7 – 14 Days	2.75%	3.25%
15 – 30 Days	3.00%	3.50%
31 – 45 Days	3.25%	3.75%
46 – 90 Days	3.50%	4.00%
91 – 120 Days	4.00%	4.50%
121 – 179 Days	4.25%	4.75%
180 Days	7.00%	7.50%
181 Days to 269 Days	6.00%	6.50%
270 Days	6.00%	6.50%
271 Days to 363 Days	6.00%	6.50%
364 Days	6.50%	7.00%
365 Days to 389 Days	7.10%	7.60%
390 Days (12 months 24 days)	7.15%	7.65%
391 Days – Less than 23 Months	7.20%	7.70%
23 Months	7.25%	7.80%
23 Months 1 Day – Less than 2 Years	7.25%	7.80%
2 Years – Less than 3 Years	7.15%	7.65%
3 Years and Above but Less than 4 Years	7.00%	7.60%
4 Years and Above but Less than 5 Years	7.00%	7.60%
5 Years and Above Up to and Inclusive of 10 Years	6.20%	6.70%

Here are a few things you need to remember:

• The bank may revise rates based on internal and external factors, so view the most recent rates before you invest
• Check the latest fixed deposit rates for Kotak Bank on the website or app for investments of more than ₹2 crores

Also Read: Kotak Mahindra Bank Balance Enquiry Number

Benefits of Choosing Kotak Mahindra Bank FDs

Here are the standout advantages you should consider:

• Receive a Handsome Payout 

Watch your savings grow with the high fixed deposit rates. What’s more, The FDs are rated AAA by CRISIL, which means it is a reliable and trustworthy option when you want to reduce your risk exposure. 

• Get Interest Earnings at Maturity or Regular Intervals 

If you need money periodically, you can invest in this FD as it offers regular payouts every month or quarter. To earn more, you can choose a cumulative FD and receive earnings at maturity. This flexibility helps you find an option that works best for you.

• Freedom of Choice 

You can invest for any time, starting from 7 days to 10 years. This helps you meet both short-term and long-term goals.

• Liquidity at Any Time 

You can withdraw either partially or fully before maturity as per the terms. This helps you access funds when you need it. What’s more, if you need more funds, you can use the overdraft facility and borrow against your FD. 

Now that you know the fixed deposit rates for Kotak Bank and the benefits that make it a good choice, plan your investment smartly. To avoid partial withdrawal penalty and continue earning on your investment, get an Urgent Personal Loan of up to ₹5 lakhs in just 2 minutes. 

Fibe offers instant funding at affordable rates and flexible tenure, ensuring you have a convenient and comfortable experience. Download our Personal Loan App or register on our website to get started. 

FAQs on Fixed Deposit Rates of Kotak Mahindra Bank

What is the interest rate for FDs at Kotak?

Here are the details: 

• The rates go up to 7.70% if you plan to invest up to ₹2 crores
• These rates vary depending on the term, deposit type and other factors 

How can I get 6% interest at Kotak Mahindra Bank?

Since your rate depends on the term you choose, you can check which period offers the desired returns and invest accordingly. As of February, you can enjoy 6% interest by investing up to ₹2 crores for 181 to 263 days, provided you are a regular investor. 

What is the maximum FD amount at Kotak Bank?

There is no upper limit. However, remember that your rates will differ based on your investment amount. 

What is the interest rate for an FD of ₹1 lakh at Kotak Mahindra Bank?

The fixed deposit rates of Kotak Mahindra Bank for an investment of ₹1 lakh can range between 2.75% and 7.80% based on the tenure.

Is Kotak Bank safe for fixed deposits?

Yes, Kotak Mahindra Bank is considered safe for fixed deposits due to the following reasons:

• It enjoys the highest safety rating from CRISIL
• It also carries the protection of the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakhs

Can a Kotak FD be withdrawn?

Yes, you can withdraw from the deposit before maturity. However, penalty charges or revised interest rates may apply.