Kotak Mahindra Bank is a prominent private sector bank in India, known for its innovative financial products and customer-centric services. It offers fixed deposits with competitive interest rates and special rates for senior citizens. Use the calculator to estimate your interest earnings and maturity amounts.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizens (%) |
|---|---|---|
| 7 – 14 Days | 4.00 | 4.50 |
| 15 – 30 Days | 4.25 | 4.75 |
| 31 – 45 Days | 5.00 | 5.50 |
| 46 – 60 Days | 5.00 | 5.50 |
| 61 – 90 Days | 5.50 | 6.00 |
| 91 – 120 Days | 6.00 | 6.50 |
| 121 – 179 Days | 6.00 | 6.50 |
| 180 Days | 7.00 | 7.50 |
| 181 Days to 270 Days | 6.00 | 6.50 |
| 271 Days to 279 Days | 5.75 | 6.25 |
| 280 Days – 364 Days | 6.50 | 7.00 |
| 365 Days – Less Than 15 Months | 7.40 | 7.90 |
| 15 Months – Less Than 18 Months | 7.40 | 7.90 |
| 18 Months – Less Than 2 Years | 7.30 | 7.80 |
| 2 Years and Above but Less Than 3 Years | 7.15 | 7.65 |
| 3 Years and Above but Less Than 4 Years | 7.00 | 7.50 |
| 4 Years and Above but Less Than 5 Years | 6.35 | 6.85 |
| 5 Years and Above up to & Inclusive of 7 Years | 6.20 | 6.70 |
Data last updated on 01/04/2025. Check latest interest rates here.
Kotak Mahindra Bank FD Calculator
Kotak Mahindra Bank FD FAQs
What is the minimum and maximum amount for a Fixed Deposit at Kotak Mahindra Bank?
The minimum amount required to start a Fixed Deposit is ₹5,000, with no maximum limit.
What is the penalty for premature withdrawal of Fixed Deposits?
The penalty is nil for deposits up to 180 days, 0.50% for deposits from 181 to 364 days, and 1.00% for deposits of 365 days or more.
Is TDS applicable on the interest earned from Fixed Deposits?
Yes, TDS is applicable at 10% for resident individuals and HUFs, and 31.2% for NRO/foreign companies, with specific rates for other entities.
Can I book a Fixed Deposit online with Kotak Mahindra Bank?
Yes, you can book a Fixed Deposit through Net Banking, provided your PAN is updated with the bank for the primary applicant of the FD account.