Kotak Mahindra Bank Adjusts FD Interest Rates: Check Current Rates Here

Kotak Mahindra Bank has updated fixed deposit interest rates. After the recent modification on maturities with different tenures, Kotak Mahindra Bank FD interest rates span from 2.50 percent to 5.25 percent. Kotak Mahindra Bank provides interest rates of 2.5 percent, 2.75 percent and 3.25 percent respectively for FDs that mature in 7 to 30 days, 31 to 90 days and 91 to 179 days. Kotak Mahindra Bank provides 4.40 percent interest on term deposits maturing in 180 days to less than a year. The bank provides 4.50 percent on deposits maturing within one year to 389 days. The bank delivers 4.75 percent for FDs maturing in 391 days to less than 2 years. Kotak Mahindra Bank is currently giving a 5 percent interest rate for deposits maturing within 2 years to less than 3 years. The bank provides 5.10 percent for term deposits maturing in 3 years and above but less than 4 years. Kotak Mahindra Bank provides an interest rate of 5.25 percent on deposits maturing in 4 years or more but less than 5 years. The bank provides 5.25 percent on FDs maturing in 5 years and above up to 10 years. From 4 February 2021 onwards these rates are in force.

Senior citizens persist to get interest rates higher than the general public by 50 basis points. On FDs maturing within 7 days to 10 years, the bank provides interest rates from 3 percent to 5.75 percent to senior citizens respectively.