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Kotak Mahindra Bank FD Rates 2019-20

Why should you invest in Kotak Bank Fixed Deposits?


With Kotak Mahindra Bank's attractive interest rates,  Safety of investments, Tax-savings under section 80C of upto Rs. 1.5 lakh per financial year, a customized reply for your banking requirements, hassle free online application and making sure you get maximum growth of all your money, Kotak Bank, offers 100% customer-centric fixed deposit account.


Kotak Mahindra Bank Fixed Deposit Features


A fixed deposit investment can be called a perfect fit if you are looking to boost your savings with an absolute peace of mind. The fixed deposit is an attractive and smart investment idea to plan your short as well as long-term money saving goals as it provides an assured savings return after a stipulated time period.

Kotak Mahindra Bank offers an attractive fixed deposit interest rates if you are planning for your child’s education, or planning a marriage for your child. Investing in a Kotak Mahindra Bank Fixed Deposit is like investing and securing your future.


What are the benefits of Fixed Deposits?


Fixed Deposit offers a number of advantages as it is one of the safest investment options available with the bank. Opening a Fixed Deposit account with Kotak Bank gets you:
  • An assured return on investment
  • You can avail a Overdraft facility Against Fixed Deposit based on the tenure of your fixed deposit 
  • High Liquidity by opting for premature breaking of your fixed deposit with applicable penalty and subject to applicable terms and conditions.


What is the Fixed Deposit Interest Rate?


The Fixed Deposit Interest Rate is a factor for calculation of maturity value and aggregate interest. The rate varies and changes from time to time based on the maturity time. The current Kotak Bank Fixed Deposit rates as well as RD Rates are given below.


Who is eligible to open a Kotak Fixed Deposit account?


If you are an Indian national or an NRI, a senior citizen or a member of HUF, you can open a Fixed Deposit account with Kotak Mahindra Bank. FDs for minors can also be opened under guardianship.


What are the documents required to open a Fixed Deposit account?


You just need to mention age, signature, address proof, photograph and a few more things. If you are already a Saving Account or Current account holder with Kotak Mahindra Bank, you just need to go at Kotak Mahindra Bank Netbanking or mobile banking and open a FD right away. List of documents required for opening a fixed deposit investment oppurtunity is given on the official website of Kotak Mahindra Bank. If you are not a customer of the Bank, you need to visit the bank branch with necessary documents required and have your KYC (Know Your Customer) guidelines completed.


Kotak Mahindra Bank FD Rates 2019-20


Kotak Mahindra Bank FD rates 2019 has been revised from 29th August. Kotak Mahindra Bank offers interest rate for deposits ranging from 3.50% to 6.85% on maturities with different time
frames. Kotak Bank provides 50 basis point higher interest rates to senior citizens on fixed deposits maturing in 7 days to 10 years. Kotak Mahindra Bank offers interest rate of 3.5% for fixed deposits
maturing in 7 to 14 days, 4.00%  for 15 to 30 days and 5% for 31 to 45 days. Kotak Mahindra Bank FD for a tenure of 46-90 days gives an interest of 5.25%. The interest rate is 5.75% for deposits with a tenure ranging from 91 to 120 days, an interest rate of 5.75% on FDs maturing between 121 and 179 days. Kotak Mahindra Bank pays 6.40% interest for term deposits maturing in 180 to 270 days and an
interest rate of 6.75% for 271 days to 364 days.

Kotak Mahindra Bank latest FD rates 2019 (below Rs. 2 crore) for general public


Period
Rate of Interest
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%

Kotak Mahindra Bank latest FD rates 2019 (below Rs. 2 crore) for general public for maturity between 1 year and 2 years


Kotak Mahindra Bank offers 6.75% interest on FDs that matures between one year to 389 days. It offers an interest rate of 6.85% for deposits maturing in 390 days. An interest rate of 6.75% interest is given for FDs maturing in 391 days to less than 23 months and for deposits maturing in 23 months to less than 2 years.

Period
Rate of Interest
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%

Kotak Mahindra Bank latest FD rates 2019 (below Rs. 2 crore) for general public for maturity between 2 years and 10 years


An interest rate of 6.75% is given for deposits maturing in two years to less than 3 years and a rate of 6.50% for FDs maturing in 3 years and above but less than 4 years. For term deposits maturity period
between 4 years and above but less than 5 years, Kotak Mahindra Bank FD Rates 2019 for this is 6.25%. Kotak bank offers 6.25% interest for maturity time of 5 years and above upto 10 years.

Period
Rate of Interest
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 upto 10 years
6.25%

Kotak Mahindra Bank latest FD rates 2019 (below Rs.2 crore) for senior citizens


Kotak Mahindra offers higher interest rate to senior citizens. Senior citizens get an interest rate ranging from 4.00% to 7.25% on Kotak fixed deposits whereas general public is given an interest rate of 3.50% to 6.85%.

Period
Rate of Interest
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 upto 10 years
6.75%

Kotak Mahindra Bank Recurring Deposit(RD) Rates 2019

Tenure
Interest Rate
Senior Citizen Interest Rates
6 Months
6.30%
6.80%
9 Months
6.50%
7.00%
12 Months
6.75%
7.25%
15 Months
6.75%
7.25%
18 Months
6.75%
7.25%
21 Months
6.75%
7.25%
24 Months
6.75%
7.25%
27 Months
6.75%
7.25%
30 Months
6.75%
7.25%
33 Months
6.75%
7.25%
3 years - less than 4 years
6.50%
7.00%
4 years - less than 5 years
6.25%
6.75%
5 years - 10years
6.25%
6.75%


How do I calculate my returns from Fixed Deposits?



Kotak FD returns Calculator offers a simple and convenient way to calculate your returns in no time. You just need to tell the following while using Fixed Deposit Calculator:
  • TYPES OF INTEREST PAYOUT -  choose from 4 options available - Cumulative, Quarterly Payout, Monthly Payout  and Short Term FD
  • DEPOSIT AMOUNT -  How much amount you would wish to invest in the fixed deposit? You can invest any amount of 5,000 INR and above
  • TENURE -  For how long you would like to invest and get the matured amount?
[Cumulative] is what you should go for in case you prioritize more returns on FD over a regular interest payout.
With [Quarterly Payout], you receive the sum of interest at the end of a quarter (3 months)
[Monthly Payout] pays you the sum of interest at the end of every month
[Short Term Fixed Deposit] is good for you if you are looking to invest your money for any period from 7 days to 180 days.

The Kotak Mahindra Bank Fixed Deposit Calculator is available here

After filling these things in the FD calculator, you will be able to see maturity amount, interest rate and aggregate interest value in no time. This is easy-to-use online FD calculator which helps in calculating your returns on investment.


What are the benefits of using Fixed Deposit Calculator?


With Fixed Deposit Calculator, this is what you can get:
  • Deeper insight into the interest rates and its impact
  • Better understanding of the various tenure options available
  • Gives a clear picture of the principal amount to be invested
  • Approximate calculation of the maturity amount of your investment

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