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:
So, read on to know the latest rates and more.
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:
Also Read: Kotak Mahindra Bank Balance Enquiry Number
Here are the standout advantages you should consider:
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.
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.
You can invest for any time, starting from 7 days to 10 years. This helps you meet both short-term and long-term goals.
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.
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Here are the details:
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.
There is no upper limit. However, remember that your rates will differ based on your investment amount.
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.
Yes, Kotak Mahindra Bank is considered safe for fixed deposits due to the following reasons:
Yes, you can withdraw from the deposit before maturity. However, penalty charges or revised interest rates may apply.
