Table of Contents

Kotak Bank FD Interest Rates (Less than INR 2 Crore)
Kotak Bank FD Interest Rates (INR 2 Crore to INR 5 Crore)
Kotak Bank FD Interest Rates (INR 5 Crore to INR 10 Crore)
Kotak Bank FD Interest Rates (INR 10 Crore to INR 25 Crore)
Kotak Bank FD Interest Rates- Premature Withdrawal Not Allowed
Kotak Bank FD Interest Rates (INR 5 Crore to INR 10 Crores)
FD Penal Charge on Pre-mature
Features of Kotak Bank Fixed Deposit
Kotak Bank FD Eligibility
Are you Looking for Alternative to Banks Savings Account in Mutual Funds?
Best Liquid Funds to Invest 2021

Kotak Mahindra Bank FD Rates 2021

Updated on January 11, 2021 , 6806 views

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 (Less than INR 2 Crore)

Here's a list of Kotak Mahindra FD Interest Rates for deposits less than INR 2 Crore#. The interest rates are for Domestic/NRO/NRE FDs.

Premature withdrawal allowed, interest rates w.e.f- 6th February 2020

Tenure	Interest Rate
7 - 14 Days	3.50%
15 - 30 Days	4.00%
31 - 45 Days	4.50%
46 - 90 Days	5.25%
91 - 120 Days	5.25%
121 - 179 days	5.40%
180 Days	5.75%
181 Days to 269 Days	5.80%
270 Days	5.80%
271 Days to 363 Days	6.05%
364 Days	6.05%
365 Days to 389 Days	6.25%
390 Days (12 months 25 days)	6.25%
391 Days - Less than 23 Months	6.25%
23 Months	6.25%
23 months 1 Day- less than 2 years	6.25%
2 years- less than 3 years	6.20%
3 years and above but less than 4 years	6.20%
4 years and above but less than 5 years	6.20%
5 years and above upto and inclusive of 10 years	6.00%

#Simple interest rate. Interest rates are subject to change from time to time

Kotak Bank FD Interest Rates (INR 2 Crore to INR 5 Crore)

Here's a list of Kotak Mahindra FD interest rates for deposits of INR 2 Crore to INR 5 Crore#. The interest rates is for Domestic/NRO/NRE FDs.

Premature withdrawal allowed, interest rates w.e.f- 7th February 2020

Tenure	Interest Rate
7 - 14 Days	4.00%
15 - 30 Days	4.00%
31 - 45 Days	4.50%
46 - 60 Days	5.00%
61 - 90 Days	5.00%
91 - 120 Days	5.10%
121 - 179 Days	5.20%
180 Days	5.50%
181 Days to 270 Days	5.80%
271 Days to 279 Days	4.35%
280 Days to Less than 12 Months	5.85%
12 months - less than 15 months	6.10%
15 months - less than 18 months	6.10%
18 months - less than 2 Years	6.00%
2 years and above but less than 3 years	6.00%
3 years and above but less than 4 years	6.00%
4 years and above but less than 5 years	6.00%
5 years and above upto & inclusive of 7 years	5.90%

#Simple interest rate. Interest rates are subject to change from time to time

Kotak Bank FD Interest Rates (INR 5 Crore to INR 10 Crore)

Here's a list of Kotak Mahindra FD interest rates for deposits of INR 5 Crore to INR 10 crore#. The interest rates is for Domestic/NRO/NRE FDs.

Premature withdrawal allowed, interest rates w.e.f- 7th February 2020

Tenure	Interest Rate
7 - 14 Days	3.80%
15 - 30 Days	4.00%
31 - 45 Days	4.50%
46 - 60 Days	5.00%
61 - 90 Days	5.00%
91 - 120 Days	5.40%
121 - 179 Days	5.45%
180 Days	5.60%
181 Days to 270 Days	5.65%
271 Days to 279 Days	4.25%
280 Days to Less than 12 Months	5.75%
12 months - less than 15 months	5.70%
15 months - less than 18 months	5.70%
18 months - less than 2 Years	5.70%
2 years and above but less than 3 years	5.70%
3 years and above but less than 4 years	5.70%
4 years and above but less than 5 years	5.70%
5 years and above upto & inclusive of 7 years	5.70%

#Simple interest rate. Interest rates are subject to change from time to time

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Kotak Bank FD Interest Rates (INR 10 Crore to INR 25 Crore)

Here's a list of Kotak Mahindra FD interest rates for deposits of INR 5 Crore to INR 10 Crore#. The interest rates is for Domestic/NRO/NRE FDs.

Premature withdrawal allowed, interest rates w.e.f- 7th February 2020

Tenure	Interest Rate
7 - 14 Days	3.80%
15 - 30 Days	4.00%
31 - 45 Days	4.50%
46 - 60 Days	5.00%
61 - 90 Days	5.00%
91 - 120 Days	5.40%
121 - 179 Days	5.45%
180 Days	5.60%
181 Days to 270 Days	5.65%
271 Days to 279 Days	4.25%
280 Days to Less than 12 Months	5.75%
12 months - less than 15 months	5.70%
15 months - less than 18 months	5.70%
18 months - less than 2 Years	5.70%
2 years and above but less than 3 years	5.70%
3 years and above but less than 4 years	5.70%
4 years and above but less than 5 years	5.70%
5 years and above upto & inclusive of 7 years	5.70%

Kotak Bank FD Interest Rates- Premature Withdrawal Not Allowed

Here's a list of Interest Rates for Domestic/NRO/NRE Fixed Deposits, applicable for deposits INR 2 Crore & above, but below INR 5 Crores#

Premature withdrawal not allowed, interest rates are w.e.f- 7th February 2020

Tenure	Interest Rate
91 - 120 Days	NA
121 - 179 Days	NA
180 Days	NA
181 Days to 270 Days	5.90%
271 Days to 279 Days	4.45%
280 Days to Less than 12 Months	5.95%
12 months - less than 15 months	6.20%
15 months - less than 18 months	6.20%
18 months - less than 2 Years	6.10%
2 years and above but less than 3 years	6.10%

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

Kotak Bank FD Interest Rates (INR 5 Crore to INR 10 Crores)

Here's a list of Interest Rates for Domestic/NRO/NRE Fixed Deposits, applicable for deposits INR 5 Crore & above but below INR 10 Crores#

w.e.f 7th February 2020

Tenure	Interest Rate
91 - 120 Days	5.50%
121 - 179 Days	5.55%
180 Days	5.70%
181 Days to 270 Days	5.75%
271 Days to 279 Days	4.35%
280 Days to Less than 12 Months	5.85%
12 months - less than 15 months	5.80%
15 months - less than 18 months	5.80%
18 months - less than 2 Years	5.80%
2 years and above but less than 3 years	5.80%

#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-

Tenure of Fixed Deposit	Penalty
Less than 181 days	Nil
181 days and above	0.50%

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 INR 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 2021

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2020 (%)
PGIM India Insta Cash Fund Growth	₹264.472 ↑ 0.03	₹902	0.2	0.7	1.5	4.1	6.1	6.5	4.2
JM Liquid Fund Growth	₹55.4999 ↑ 0.01	₹2,460	0.3	0.7	1.5	3.9	5.9	6.4	4
Indiabulls Liquid Fund Growth	₹1,974.66 ↑ 0.20	₹254	0.2	0.7	1.5	3.8	5.9	6.4	3.9
Principal Cash Management Fund Growth	₹1,794.7 ↑ 0.20	₹239	0.2	0.7	1.5	3.7	2.6	4.4	3.8
Tata Liquid Fund Growth	₹3,203.29 ↑ 0.32	₹18,528	0.2	0.7	1.6	4.2	6	6.5	4.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Jan 21

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.