Published on: 29 August 2023
Fixed deposit rates of Kotak Bank go up to 7.70%. FDs offered by Kotak Mahindra Bank are popular as this well-recognised financial institution is one of India’s fastest-growing banks.
At Kotak, you can book at FD even without building a huge corpus as the minimum cap starts at ₹5,000. There is no maximum limit to your investment and Kotak Bank allows investments up to ₹100 crores and more.
Kotak Bank FD Rates for senior citizens are 0.50% higher as compared to those for other citizens. Investors below 60 can get rates up to 7.20% on an FD from Kotak Mahindra Bank as of May 2023.
Read on to learn more about the fixed deposit rates of Kotak Mahindra Bank in 2023.
While Kotak Bank’s FD rates give you the best opportunity to get assured returns as your investment grows away from market volatility, the rate depends on the tenure. For all investments of ₹2 crores and below, see the table below to find the most recent fixed deposit rates of Kotak Mahindra Bank in 2023.
|Maturity Periods With Premature Withdrawal Allowed||Kotak Bank FD Rates for Regular Investors||Kotak Bank FD Rates for Senior Citizens|
|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%|
|181 Days to 269 Days||6.00%||6.50%|
|271 Days to 363 Days||6.00%||6.50%|
|365 Days to 389 Days||7.10%||7.60%|
|390 Days (12 months 25 days)||7.20%||7.70%|
|391 Days – Less than 23 Months||7.20%||7.70%|
|23 months 1 Day – less than 2 years||7.20%||7.70%|
|2 years – less than 3 years||7.00%||7.50%|
|3 years and above but less than 4 years||6.50%||7.00%|
|4 years and above but less than 5 years||6.25%||6.75%|
|5 years and above up to and inclusive of 10 years||6.20%||6.70%|
If you want to invest an amount more than ₹2 crores, check the latest fixed deposit rates for Kotak Bank on the website or app. Also, remember that the bank may revise rates based on internal and external factors, so view the most recent rates before you invest.
Also Read: Kotak Mahindra bank balance enquiry number
Here are the standout advantages of booking a Kotak Bank deposit.
Now that you know the fixed deposit rates for Kotak Bank, make sure to plan your investment smartly. To avoid partial withdrawal and continue earning on your investment, get instant Personal Loan instead. At Fibe, you can access up to ₹5 lakhs in just 2 minutes. Download our Personal Loan App or register on our website to get started.
Interest rates on fixed deposits with Kotak Mahindra Bank vary depending on the term and deposit amount. If you plan to invest up to ₹2 crores, Kotak’s FD interest rates go up to 7.70%.
As a regular investor, you can get an FD interest rate of 6% at Kotak Mahindra Bank by investing under ₹2 crores for 181 to 263 days.
There is no maximum limit for fixed deposit investments at Kotak Bank. You can invest a substantial amount, even over ₹100 crores.
The fixed deposit rates of Kotak Mahindra Bank for an investment of ₹1 lakh change based on the tenure. However, you can get anywhere between 2.75% and 7.70%.
Yes, Kotak Mahindra Bank is considered safe for fixed deposits as it enjoys the highest safety rating from CRISIL and carries the protection of the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakhs.
Yes, you can withdraw a Kotak Bank Fixed Deposit before maturity. However, penalty charges or revised interest rates may apply.
Category : Banking
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