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Kotak Mahindra Bank: Latest Fixed Deposit Interest Rate: Full Details

From October 22,2020,Kotak Mahindra has revised Fixed Deposits Interest Rates on select Maturities. According to latest Fixed deposits interest Rates, the range of interest rate start from 2.50% to 5% with different tenures on select Maturities. The Maturities will be 7 to 30 days, 31 to 90 days, 91 to 179 days for Fixed deposits. These Fixed deposits interest rate effect from October 22,2020.

Kotak mahindra offering fixed deposits rate 2.5% for 7 to 30 days, 3% for 31 to 90 days, 3.5% to 91 to 179 days. The Bank offers term deposits maturity in 180 days. The Bank pays 4.50 % interest for term deposits ,4.60% interest for 389 days and 4.90% interest for 391 days. 

Kotak mahindra Bank will offer 5% interest for 23 months deposits maturing to less than 2 years, 4.90% interest for deposits maturing in 2 years less than 4 years. The banks will offer 4.75% interest rate for deposits maturing less than 5 years. The Bank offer 4.50% interest rate on above 5 years but less than 10 years. 
List of Fixed deposits Interest rates of Kotak Mahindra Bank (Up to 2 Crores):

  • 7 to 14 Days -2.50%
  • 15 to 30 Days - 2.50%
  • 31 to 45 Days - 3%
  • 46 to 90 Days - 3%
  • 91 to 120 Days - 3.5%
  • 121 to 179 Days-3.50%
  • 180 Days -4.50%
  • 181 to 269 Days - 4.50%
  • 270 Days- 4.50%
  • 271 to 363 Days- 4.50%
  • 364 to Days - 4.50%
  • 365 to 389 Days - 4.60%
  • 390 Days(1 Year and 25 days) - 4.9%
  • 391 Days (Less Than 2 years)-4.9%
  • 23 Months- 5%
  • 23 Months(Less than 2 years) -5%
  • 2 Years- 4.9%
  • 3 Years(Less than 4 years)- 4.9%
  • 4 Years(Less than 5 yaers) -4.75%
  • 5 Years(Less than 10 years) - 4.50%

For Senior Citizens, Fixed Rate Interest Rate (Up to 2 Crores):

Kotak mahindra Bank offers interest Rate 3% to 5.5% on Fixed Deposits maturing in 7 to 10 Years. 

Published: October 27th, 2020

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