For Domestic/NRO Fixed Deposits
(Less than INR 3 Crore)

Effective from 15th Apr 2026 (subject to change from time to time)

Tenure

Rate*

07 – 14 Days

2.75%

15 – 30 Days

2.75%

31 – 45 Days

3.00%

46 – 90 Days

3.50%

91 Days

4.25%

92 – 179 Days

4.25%

180 Days

5.50%

181 Days to 269 Days

5.50%

270 Days

5.50%

271 Days to 363 Days

6.00%

364 Days

6.00%

365Days - Less Than 15Months

6.50%

15Months - Less Than 18Months

6.70%

18Months - Less Than 2Years

6.70%

2 years and above but less than 3 Years

6.80%

3 years and above but less than 4 years

6.40%

4 years and above but less than 5 years

6.40%

5 years and above upto and inclusive of 10 years

6.25%

 

# Simple interest rate
* Resident Senior citizens (Individuals with age 60 yrs. and above) will get additional 0.50% p.a
†Interest will be payable for NRE TDs staying for 1 year & above
For ActivMoney (2 way sweep deposits) Regular Fixed Deposit rates will be applicable for all customers including Senior Citizen’s l/ Bank Staff.
For Term Deposits with tenure below 181 days, interest will be calculated at maturity as Simple Interest.
Standalone Fixed Deposits of tenure 181 days and above linked to saving / current account will be treated as per the regular sweep deposit functionality and penal charge will be applicable as above.
Kindly note that The above rates are applicable for today only and are subject to change without prior notice
The calculation of interest is basis 365 days in a non-leap year and 366 days in a leap (calendar) year.

 

Rates for monthly interest payout will be discounted based on the prevailing rates. Please contact the nearest Kotak Mahindra Bank branch for more information.
For interest rates on deposits of Rs. 5 crore and above, please get in touch with the nearest Kotak Mahindra Bank branch

Important: Penal charge on Pre-mature withdrawal of Term Deposit:
Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank.
As per the Terms & Conditions of Fixed Deposit Accounts of the Bank, the penal charge on premature closure of Fixed Deposits including partial closures, has been fixed by the bank as below on Fixed Deposits booked /renewed on or after 1st November, 2012 till 19th May 2022

 

Tenure of Term Deposit

Penalty

Less than 181 days

Nil

181 days and above

0.50%

For erstwhile ING Vysya Bank customers the above premature withdrawal penalty slabs will be applicable for Fixed Deposits booked/ Renewed on or after 1st April 2015 till 19th May, 2022

Important: Penal charge on Pre-mature withdrawal of Term Deposit:
Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank.
As per the Terms & Conditions of Fixed Deposit Accounts of the Bank, the penal charge on premature closure of Fixed Deposits including partial closures, has been fixed by the bank as below on Fixed Deposits booked /renewed on or after 20th May, 2022. This is also applicable for erstwhile ING Vysya Bank customers the above premature withdrawal penalty slabs will be applicable for Fixed Deposits booked/ Renewed on or after 20th May, 2022.

 

Tenure of Term Deposit

Penalty

Less than 181 days

Nil

181 days and above

0.50%

Greater than 12 months

1.00%

For Recurring Deposit
(For Resident Individuals & HUF only)

Effective from 15th Apr 2026 (subject to change from time to time)

Tenure 

Rate*

6 Months

5.50%

9 Months

6.00%

12 Months

6.50% 

15 Months

6.70% 

18 Months

6.70% 

21 Months

6.70% 

24 Months

6.80% 

27 Months

6.80% 

30 Months

6.80% 

33 Months

6.80% 

3 years - less than 4 years

6.40% 

4 years - less than 5 years

6.40% 

5 years - 10years

6.25% 

* Resident senior citizens (individuals with 60 yrs. and above) will get additional 0.50% p.a. on tenor up to 33 months and tenor greater than equal to 5 years. 0.60% p.a. for tenor greater than or equal to 3 years to less than 5 years

Disclaimer

Note: Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the bank.
Recurring Deposit Advice will be dispatched to your registered mailing address with the bank within 3 - 4 working days of opening the RD account
Not available for Non Resident Indians / Persons Of Indian Origin

Penalty on delay in payment of RD installment

In case of delay in payment of any installment post grace period of 5 days, penal interest at the rate of RD interest rate (contracted rate of interest at the time of booking of the RD) + 2% p.a. or such other rate as may be specified by Bank from time to time, will be charged for the month of delay.
Fraction of a month will be treated as full month for the purpose of calculating such interest.
Even if the payment for the month is honoured, but the standing instruction towards installment recovery has failed, the Bank will recover a standing instruction failure charge from the current / savings bank account as per General Features and Schedule of Charges (GFSC)
The total penal interest chargeable shall be recovered from the total amount of interest payable by the bank and shall be recovered only at the time of maturity or premature closure of the account as the case may be.

Premature Withdrawal of RD

In case of premature closure of this deposit within a month, no interest shall be paid and only principal amount will be returned.
On premature withdrawal of RD. The interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit remained with the bank or at the contracted rate, whichever is lower post deducting penal charge of 0.5% on premature withdrawal of deposit for RD booked for tenure between 6 months to less than 12 months and 1% on premature withdrawal penal charge for RD booked for tenure 12 months & above with effective 20th May, 2022.