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Interest rates for our personal banking products including terms deposits, loans and savings accounts. Select the type of product you're looking for. With effect from 1 April 2016, the periodicity of payment of interest on Savings Bank Account will be quarterly.
- Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per RBI directives - Above rates are applicable for mentioned dates only and are subject to change without prior notice
Rates for monthly interest payout will be discounted based on the prevailing rates. Please contact the nearest Kotak Mahindra Bank branch for more information.
Mumbai, 9th February, 2023: Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) today announced an increase in fixed deposit interest rates across select amount and tenor buckets by upto 25bps. In the 15months to 2 years tenor bucket the Bank now offers 7.25% for deposit amounts Rs.2crs
Kotak Mahindra Bank FD Rates 2024 Latest Fixed Deposit Interest Rates. Kotak Bank offers fixed deposit (FD) interest rates between 2.75% and 7.90% per annum for deposits below ₹3 crore, with tenures ranging from 7 days to 10 years.
Kotak Mahindra FD Interest Rates 2024 - Get revised Kotak Mahindra Bank fixed deposit rates including eligibility, documents required, how to open, senior citizens rates and more.
Jun 9, 2024 · FD interest rates of Kotak Mahindra Bank for the general public range from 2.75 to 7.40% p.a. and 3.25 to 7.90% p.a. for senior citizens on tenures ranging from 7 days to 10 years.
Oct 25, 2023 · Kotak Mahindra Bank offers an interest rate between 2.75% to 7.25% to general citizens and 3.25% to 7.75% for senior citizens. The bank has increased interest rate by 10 bps on 2 years to less than 3 years from 7% to 7.10% and 5 bps increase on tenure of 23 months 1 day to less than 2 years from 7.20% to 7.25%.
Latest Kotak Mahindra Bank savings account interest rates: Kotak Mahindra Bank recently announced a reduction in the interest rates for savings accounts with balances under Rs 5 lakh. These revised rates will come into effect on October 17, 2024.
Nov 4, 2024 · Kotak Mahindra Bank offers FD interest rates of 2.75-7.40% p.a. to the general public and 3.25-7.90% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Kotak Mahindra Bank Tax Saving FDs is 6.20% p.a. for the general public and 6.70% p.a. for senior citizen depositors for tenures of 5 years to 10 years.