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Kotak Bank revises FD interest rates effective 08 September 2021 - Check new fixed deposit rates here
The interest rates for fixed deposit varies with respect to the various tenure options that you choose from.
Highlights
- Kotak Bank interest rates revised
- New interest rates across various maturities.
- New FD rates effective from September 8.
New Delhi: Kotak Mahindra Bank (KMB) has revised interest rates on Domestic / NRO / NRE Fixed Deposits effective from September 08, 2021 across maturities ranging from 7 days to 10 years.
The interest rates for fixed deposit varies with respect to the various tenure options that you choose from. (Also read: Axis Bank revises FD interest rates effective 09 September 2021- Check new fixed deposit rates here)
Here are the new/revised interest rates on its Kotak Mahindra Bank Fixed Deposit.
Interest Rates For Domestic / NRO / NRE Fixed Deposits - Premature Withdrawal Allowed (Rates effective from 8th September 2021. (Rates are subject to change from time to time)
| Regular | Senior Citizen* | |||
|---|---|---|---|---|
| Maturity Periods - Premature Withdrawal Allowed | Less than Rs.2 Crore# | Annualised Yield | Less than Rs.2 Crore# | Annualised Yield |
| 7 - 14 Days | 2.50% | 2.50% | 3.00% | 3.00% |
| 15 - 30 Days | 2.50% | 2.50% | 3.00% | 3.00% |
| 31 - 45 Days | 2.75% | 2.75% | 3.25% | 3.25% |
| 46 - 90 Days | 2.75% | 2.75% | 3.25% | 3.25% |
| 91 - 120 Days | 3.00% | 3.00% | 3.50% | 3.50% |
| 121 - 179 days | 3.25% | 3.25% | 3.75% | 3.75% |
| 180 Days | 4.25% | 4.25% | 4.75% | 4.75% |
| 181 Days to 269 Days | 4.25% | 4.30% | 4.75% | 4.81% |
| 270 Days | 4.40% | 4.45% | 4.90% | 4.96% |
| 271 Days to 363 Days | 4.40% | 4.45% | 4.90% | 4.96% |
| 364 Days | 4.40% | 4.45% | 4.90% | 4.96% |
| 365 Days to 389 Days | 4.50% | 4.58% | 5.00% | 5.09% |
| 390 Days (12 months 25 days) | 4.75% | 4.84% | 5.25% | 5.35% |
| 391 Days - Less than 23 Months | 4.75% | 4.84% | 5.25% | 5.35% |
| 23 Months | 4.90% | 4.99% | 5.40% | 5.51% |
| 23 months 1 Day- less than 2 years | 4.90% | 4.99% | 5.40% | 5.51% |
| 2 years- less than 3 years | 5.00% | 5.09% | 5.50% | 5.61% |
| 3 years and above but less than 4 years | 5.10% | 5.20% | 5.60% | 5.72% |
| 4 years and above but less than 5 years | 5.20% | 5.30% | 5.70% | 5.82% |
| 5 years and above upto and inclusive of 10 years | 5.25% | 5.35% | 5.75% | 5.88% |
Fixed Deposits Interest Rates for Domestic / NRO / NRE effective from 8th September 2021 . (Rates are subject to change from time to time)
| Maturity Period - Premature Withdrawal Allowed | Rs. 2 Crore & above but below Rs. 5 Crores # | Rs. 5 Crores & above but below Rs. 10 Crores # | Rs. 10 Crores & above but below 25 Crores # | Rs. 25 Crores & above # |
|---|---|---|---|---|
| 7 - 14 Days | 2.50% | 2.75% | 2.75% | 2.75% |
| 15 - 30 Days | 2.50% | 2.75% | 2.75% | 2.75% |
| 31 - 45 Days | 2.75% | 3.00% | 3.00% | 3.00% |
| 46 - 60 Days | 2.75% | 3.00% | 3.00% | 3.00% |
| 61 - 90 Days | 3.00% | 3.25% | 3.25% | 3.25% |
| 91 - 120 Days | 3.00% | 3.30% | 3.30% | 3.30% |
| 121 - 179 Days | 3.00% | 3.35% | 3.35% | 3.35% |
| 180 Days | 3.60% | 3.50% | 3.50% | 3.50% |
| 181 Days to 270 Days | 3.60% | 3.50% | 3.50% | 3.50% |
| 271 Days to 279 Days | 2.80% | 2.75% | 2.75% | 2.75% |
| 280 Days to Less than 12 Months | 3.75% | 3.65% | 3.65% | 3.65% |
| 12 months - less than 15 months | 3.90% | 3.70% | 3.70% | 3.70% |
| 15 months - less than 18 months | 4.00% | 3.95% | 3.95% | 3.95% |
| 18 months - less than 2 Years | 4.10% | 4.10% | 4.10% | 4.10% |
| 2 years and above but less than 3 years | 4.40% | 4.25% | 4.25% | 4.25% |
| 3 years and above but less than 4 years | 4.50% | 4.50% | 4.50% | 4.50% |
| 4 years and above but less than 5 years | 4.50% | 4.50% | 4.50% | 4.50% |
| 5 years and above upto & inclusive of 7 years | 4.50% | 4.50% | 4.50% | 4.50% |
Interest Rates For Domestic / NRO / NRE Fixed Deposits - Premature Withdrawal Not Allowed (Rates effective from 8th September 2021. (Rates are subject to change from time to time)
| Maturity Period - Premature Withdrawal Not Allowed | Rs. 2 Crore & above but below Rs. 5 Crores # | Rs. 5 Crores & above but below Rs. 10 Crores # | Rs. 10 Crores & above But below 25 Crores # | Rs. 25 Crores & Above # |
|---|---|---|---|---|
| 91 - 120 Days | NA | 3.40% | 3.40% | 3.40% |
| 121 - 179 Days | NA | 3.45% | 3.45% | 3.45% |
| 180 Days | NA | 3.60% | 3.60% | 3.60% |
| 181 Days to 270 Days | 3.70% | 3.60% | 3.60% | 3.60% |
| 271 Days to 279 Days | 2.90% | 2.85% | 2.85% | 2.85% |
| 280 Days to Less than 12 Months | 3.85% | 3.75% | 3.75% | 3.75% |
| 12 months - less than 15 months | 4.00% | 3.80% | 3.80% | 3.80% |
| 15 months - less than 18 months | 4.10% | 4.05% | 4.05% | 4.05% |
| 18 months - less than 2 Years | 4.20% | 4.20% | 4.20% | 4.20% |
| 2 years and above but less than 3 years | 4.50% | 4.35% | 4.35% | 4.35% |
Senior Citizens' rate is not applicable on NRO/NRE deposits. KMB says that for Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as Simple Interest. 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.
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