Kotak Mahindra Bank has recently increased its fixed deposit interest rates across various durations. The adjustments now offer rates ranging from 2.75% to 7.40% for regular customers on deposits maturing in periods ranging from seven days to ten years. Previously, the bank provided rates of 2.75% to 7.25% on fixed deposits maturing within the same time frame.
Fixed Deposits (FDs) or Term Deposits are essential investment tools provided by Kotak Mahindra Bank, offering a variety of tenures with attractive rates of return.
Notably, the bank now offers the highest FD interest rate of 7.4% on deposits maturing in 390 days to less than 23 months. For deposits maturing in 23 months to less than 2 years, the rate stands at 7.3%, while deposits maturing in 3 years but less than 5 years yield a 7% interest rate from Kotak Bank.
Below are the latest FD rates offered by Kotak Mahindra Bank:
- 7 – 14 Days: 2.75%
- 15 – 30 Days: 3.00%
- 31 – 45 Days: 3.25%
- 46 – 90 Days: 3.50%
- 91 – 120 Days: 4.00%
- 121 – 179 days: 4.25%
- 180 Days: 7.00%
- 181 Days to 269 Days: 6.00%
- 270 Days: 6.00%
- 271 Days to 363 Days: 6.00%
- 364 Days: 6.50%
- 365 Days to 389 Days: 7.10%
- 390 Days (12 months 24 days): 7.40%
- 391 Days – Less than 23 Months: 7.40%
- 23 Months: 7.30%
- 23 months 1 Day- less than 2 years: 7.30%
- 2 years- less than 3 years: 7.15%
- 3 years and above but less than 4 years: 7.00%
- 4 years and above but less than 5 years: 7.00%
- 5 years and above up to and inclusive of 10 years: 6.20%
For senior citizens, Kotak Mahindra Bank offers interest rates ranging from 3.25% to 7.90% on these deposits.
