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FD Rates of Kotak Mahindra Bank Revised | Check Out New FD Rates Here

The FD rates of Kotak Mahindra Bank has been revised, The new FD rates are effective from last month i,e from 29th August onwards. This is the 2nd time in a month that the bank has revised the FD rates. Last time the FD rates were revised at the beginning of the August month. This time the rates are revised on the deposits which are less than 2 Crore.

FD Rates of Kotak Mahindra Bank Revised

After revising the interest rates on Fixed deposits now Kotak Mahindra Bank offers interest ranging from 3.50% to 6.85%. The interest rates vary in different tenures. For the senior citizens, the bank offers 50 basis point higher interest rates as compared to general citizens.

New FD Rates For General Public (Below 2 Crore)

7 to 14 days-3.50%
15 to 30 days-4.00%
31 to 45 days-5.00%
46 to 90 days-5.25%
91 to 120 days-5.75%
121 to 179 days-5.75%
180 days-6.25%
181 days to 269 days-6.30%
270 days-6.40%
271 days to 363 days-6.50%
364 days-6.75%

FD Rates For General Public (Maturity Between 1 & 2 years)

365 days to 389 days-6.75%
390 days (12 months 25 days)-6.85%
391 days to less than 23 months-6.75%
23 months-6.75%
23 months 1 day to less than 2 years-6.75%

FD Rates For General Public (2 years and 10 years)

2 years to less than 3 years-6.75%
3 years and above but less than 4 years-6.50%
4 years and above but less than 5 years-6.25%
5 years and above up to and inclusive of 10 years-6.25%

New FD Rates For Senior Citizens (Below 2 Crore)

7 to 14 days-4.00%
15 to 30 days-4.50%
31 to 45 days-5.50%
46 to 90 days-5.75%
91 to 120 days-6.25%
121 to 179 days-6.25%
180 days-6.75%
181 days to 269 days-6.80%
270 days-6.90%
271 days to 363 days-7.00%
364 days-7.25%
365 days to 389 days-7.25%
390 days (12 months 25 days)-7.35%
391 days to less than 23 months-7.25%
23 months-7.25%
23 months 1 day to less than 2 years-7.25%
2 years to less than 3 years-7.25%
3 years and above but less than 4 years-7.00%
4 years and above but less than 5 years-6.75%
5 years and above up to and inclusive of 10 years-6.75%

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