Kotak Mahindra Bank FD Rates 2025

Kotak Mahindra Regular Fixed Deposit (FD) scheme is for people who have excess funds and want to stable returns out of it.

Fixed Deposit of FD refers to an investment avenue which is generally offered by banks and Post Office. In case of FD, people need to deposit a considerable amount as a one-time payment for a fixed time frame. Here, people get back their investment amount at the end of the tenure. However, people cannot break the FD during the tenure and if they try to break they need to pay some charges to the Bank. The FD Income earns interest on the investment. This interest income earned is taxable in the hands of investors.

Kotak Bank FD doesn’t just give you stable returns, financial safety and liquidity, but also the choice of when you want the interest on your principal – monthly or quarterly, depending upon your saving needs.

Kotak Bank FD Interest Rates

Here's a list of Kotak Mahindra FD Interest Rates for deposits less than INR 2 Crore#.

Premature withdrawal allowed, interest rates w.e.f - 11th December 2023

#Simple interest rate. Interest rates are subject to change from time to time. *Senior Citizens' rate is not applicable on NRO/NRE deposits

Kotak Bank FD Interest Rates - (R.s 2 Cr to Rs. 25 Cr above)

Fixed deposits interest rates for Domestic/ NRO w.e.f 21st Dec 2023. Premature withdrawal allowed.

#Simple interest rate. Rates are subject to change from time to time.

Kotak Bank FD Interest Rates - Premature Withdrawal Not Allowed

Here's a list of interest rates for Domestic/NRO FD, applicable for deposits Rs. 2 Cr to Rs. 25 Cr above. Premature withdrawal not allowed, interest rates are w.e.f - 21st Dec 2023

#Simple interest rate. Rates are subject to change from time to time.

FD Penal Charge on Pre-mature

The penal charge on premature closure of FDs including partial closure has been fixed by the bank as below-

Interest will be paid at the rate prevailing on the date of deposit for the period the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank.

Features of Kotak Bank Fixed Deposit

• One can make a deposit of an amount as low as Rs. 5,000
• The booking period of FD is from 7 days to 10 years
• A user can choose to receive interest either monthly, quarterly, or keep it invested till the maturity
• Kotak Bank customer can book FD scheme online through net banking
• The bank offers nomination Facility
• Partial/premature withdrawal is allowed in the FD scheme

Kotak Bank FD Eligibility

The following groups and individuals are eligible to open an FD account with Kotak Mahindra Bank.

• Individuals
• Joint accounts for 2 or more individuals
• Partnership firms
• Trusts
• Minors
• Blind persons
• Illiterate persons
• Joint Hindu families
• Limited companies and partnership firms
• Municipalities and panchayats
• Charitable, religious, and educational institutions
• Associations, societies, clubs etc.
• Sole proprietary concerns

Are you Looking for Alternative to Banks Savings Account in Mutual Funds?

Investors who are thinking of parking their money for the short term, you can also consider liquid Mutual Funds. Liquid Funds are an ideal alternative to FDs as they invest in low-risk debt and money market securities.

Here are some features of liquid funds you should know:

• These funds come with no lock-in period
• The money is invested in money Market instruments like a certificate of deposits, commercial papers, treasury bills, and term deposits
• You can exit from the scheme anytime you want. Also, the funds have no entry load and exit loads
• The Underlying assets have low maturity period and provide you low-interest rates
• Most times, you may also get returns higher than bank Savings Account

Best Liquid Funds to Invest 2025