Kotak Bank Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of Kotak Bank

Last Updated 16th Feb 2017
Tenure General Rates Senior Citizen Rates
7 days to 14 days 3.50% 4.00%
15 days to 30 days 4.00% 4.50%
31 days to 45 days 5.00% 5.50%
46 days to 90 days 5.50% 6.00%
91 days to 120 days 6.00% 6.50%
121 days to 179 days 6.00% 6.50%
180 days 6.50% 7.00%
181 days to 269 days 6.50% 7.00%
270 days 6.50% 7.00%
271 days to 363 days 6.50% 7.00%
364 days 6.50% 7.00%
365 days to 389 days 6.75% 7.25%
390 days 6.75% 7.25%
391 days to 22 months 29 days 6.25% 6.75%
23 months 6.25% 6.75%
23 months 1 day to 1 year 364 days 6.25% 6.75%
2 years to 2 years 364 days 6.25% 6.75%
3 years to 3 years 364 days 6.25% 6.75%
4 years to 4 years 364 days 6.25% 6.75%
5 years to 10 years 6.00% 6.50%
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  • Kotak Bank offers FD interest rates upto 6.75% per annum.
  • Interest on deposits with Kotak Bank is typically compounded quarterly.
  • Kotak Bank accepts deposits starting at Rs. 10000 for various tenures.
  • For senior citizens (age more than 60 years), Kotak Bank offers higher interest rate over and above rates mentioned below.
Calculate Kotak Bank
FD Maturity Amount

Kotak Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Kotak Bank pays applicable ROI for actual duration of deposit and charges 0.50% penalty for deposits upto 181 days and nil penalty for deposits above 181 days.

Loan against Kotak Bank FD

  • Kotak Bank offers loan upto 85% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Kotak Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Kotak Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Kotak Bank in your city - Find Kotak Bank Branches here

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  • Kotak Bank FD rates with other banks in India

About Kotak Bank

Kotak Mahindra Bank is an Indian bank and financial service firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank. Kotak Mahindra Bank Ltd is one of the fastest growing bank and among the most admired financial institutions in India. The bank have one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals. Kotak Mahindra Bank Limited offers transaction banking, operates lending verticals, manages initial public offerings (IPOs) and provides working capital loans. The Bank operates in four segments: Treasury and BMU, Corporate / Wholesale Banking, Retail Banking and Other Banking business. During the year 2010-11, the Bank added 72 branches and 246 ATMs and ended the year with 321 Branches and 710 ATMs, and thereby increasing their presence to 183 locations. The market capitalization of Kotak Mahindra bank stood at Rs. 83015.81 crores. For FY14, Kotak Mahindra Bank reported higher net profit of Rs.1, 503 crores on 16% growth in its net interest income. Total assets managed / advised by the Group as on March 31, 2014 are Rs. 56,564 crores (March 31, 2013 Rs. 55,243 crores).
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News - Feb 2017
08th Feb 17 Kotak Mahindra Bank registers a high growth in its mobile channel transactions in December, 2016
Kotak Mahindra Bank has reported a growth of 108 percent in the volume of transactions on its mobile banking application. As per the president of consumer bank, the volume of transactions on its mobile banking platform during the month of December has been Rs. 4,800 crores . The bank also saw a significant growth in its credit card and debit card transactions at 49 and 188 percent respectively.
04th Feb 17 Kotak Mahindra Bank cuts its MCLR by up to 15 basis points
Kotak Mahindra Bank has reduced its overnight and one month marginal cost of lending rates to 8.05 and 8.10 percent respectively as compared to 8.20 and 8.25 percent earlier. The revised six months and one year MCLR now stands at 8.50 and 8.85 percent. The new rates are effective from 1st February, 2017.
01st Feb 17 Kotak Mahindra Bank reduces home loan rate by 35 basis points
Kotak Mahindra Bank has reduced its home loan interest rates for new home loan borrowers. The revised home loan interest rates for salaried employees now stands at 8.75 percent as compared to 9.10 percent earlier. The bank has also reduced home loan interest rates for self employed borrowers by 35 basis points to 8.80 percent. The new rates are effective from 1st February, 2017.
27th Jan 17 Kotak Mahindra Bank registers a growth of 39 percent in its net profit for third quarter of FY17
Kotak Mahindra Bank has reported a growth of 39 percent in its net profit to Rs. 880 crore in third quarter of FY17 as compared to Rs. 635 crore for the corresponding period a year ago. The growth in profit is contributed by a healthy growth in net interest income of the bank and reached to Rs. 1,267 crore during the quarter as compared to Rs. 1,766 crore a year ago.
24th Jan 17 Kotak Mahindra Bank is likely to register a strong growth in net profit during third quarter of FY 17
Analysts at CNBC have forecasted a strong growth in net profit of Kotak Mahindra Bank during the third quarter of FY 17. As per the polls, the bank is likely to see an increase of 27 percent in its net profit to Rs. 808 crore on a year on year basis. Kotak Mahindra Bank is scheduled to announce its Q3 results on 25th January, 2017.
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