Kotak bank fd rates

On FDs maturing in 7 days to 10 years, the bank offers interest rates ranging from 3% to 5.8%. FDs with maturities ranging from 181 to 363 days pay 4.40 percent, while term deposits with maturities of 364 days pay 4.50 percent. On FDs maturing in 390 days to less than 23 months, a rate of 5.10 percent will be paid. The interest rate on FDs having a term of 3-5 years will fetch 5.45 percent. For 5 years and above up to and inclusive of 10 year will fetch 5.50 percent.

Banks usually offer FD tenures ranging from 7 days to 10 years, FD investors should be careful when selecting the tenor as the little change in tenure can make a huge difference in the interest rate. Bank interest rates vary depending on the tenure among other things. Here is a look at the highest FD interest rates offered by private banks such as HDFC Bank, ICICI Bank, Yes Bank, Axis Bank and Kotak Mahindra Bank for amounts below Rs 2 crore on these tenors. Yes Bank Yes Bank offers interest rates between 3.25% to 7.75% for general citizens for tenures ranging from 7 days to 10 years. The highest interest rate of 7.75% is offered on tenure of 18 Month to less than 36 months. These rates are applicable from May 2, 2023. Kotak Mahindra Bank Kotak Mahindra Bank offers interest rates between 2.75% to 7.20% for general citizens for tenures ranging from 7 days to 10 years. The highest interest rate of 7.20% is offered on tenure 390 Days, 391 Days - less than 23 months, 23 months and 23 months 1 Day- less than 2 years. These rates are applicable from May 11, 2023. Private Bank Names FD interest rates Te nure HDFC Bank 7.25% 4 Year 7 Months - 55 months ICICI Bank 7.10% 15 months to less than 18 months, 18 months to 2 years. Axis Bank 7.10% 13 months < 14 months, 14 months < 15 months, 15 months < 16 months, 16 months < 17 months and 17 months < 18 months Yes Bank 7.75% 18 Month to less than 36 months Kotak Mahindra Bank 7.20% 390 Days, 391 Days - less than 23 months, 23 months and...

Savings Bank A/c Nature Rate of Interest For balances upto Rs. 50 lakhs For balances above Rs. 50 lakhs A. Domestic (W.e.f. June 13, 2022) 3.50% p.a. 4% p.a. B. Non Resident (NRE/NRO) 3.50% p.a. 3.50% p.a. • With effect from 1 April 2016, the periodicity of payment of interest on Savings Bank Account will be quarterly. Thus, the Savings Bank interest calculated on daily product basis will be paid at quarterly intervals on 30 th June, 30th September, 31st December & 31 st March each year. Note : p.a. is "per annum" • W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Account The bank offers floating rate linked savings deposit. Details of the same are as under : Up to Rs. 50 Lakh 3.5% p.a. Above Rs. 50 lakh and up to Rs 100 crore 4% p.a. # Above Rs. 100 crore and up to Rs 600 crore* MIBOR + 5.2 bps p.a. # Above Rs. 600 crore and up to Rs 1000 crore* MIBOR + 50 bps p.a. # Above Rs. 1000 crore* MIBOR +70 bps p.a. *Note: • MIBOR Linked floating interest rate will be applicable on entire balance above Rs. 1 lakh (all rates applicable on the end of the day balances) if the balance exceeds Rs. 100 crore, 600 Cr or Rs. 1000 crore as the case may be. • For more details on MIBOR Linked Floating Interest rate please contact your relationship manager or visit your nearest Kotak Mahindra Bank Br...

Kotak Mahindra Bank provides three This calculator computes the details of the investment, i.e. the principal amount on maturity after the interest is compounded on days or a monthly, quarterly, half-yearly, and yearly basis. The FD calculator of Kotak requires the deposit amount, tenure and applicable Kotak Mahindra FD rates to calculate the maturity amount. Also Read, Various Factors that Affect Kotak FD Interest Earnings? The Kotak FD maturity amount that you will get depends upon Rate of Interest: It is the rate at which the returns are compounded on your principal amount according to the tenure chosen. Time Period: Along with factors such as the principal amount and the rate of interest, the duration of the investment is also a crucial factor. Based on your FD tenure the rate of interest is decided. Principal Investment Amount: It is the main deciding factor. The interest is earned on the principal amount, which is the amount deposited by you at the time of opening the account. Compounding Frequency: The interest on fixed deposits is compounded in different ways, i.e. quarterly, monthly, yearly, and half-yearly. This time interval plays an important role in determining the maturity value on completion of the tenure of the term deposits. Kotak Bank FD Term wise Interest Rates Kotak Bank Short-term FD Interest: For a Kotak FD with tenure ranging from 7 days to 365 days, the interest rate offered is from 2.50% p.a. to 4.40% p.a. These deposits are known as short term dep...

Kotak Mahindra Bank offers FD interest rates of 2.75-7.20% p.a. to the general public and 3.25-7.70% 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. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, and FCNR fixed deposits. Kotak Mahindra Bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro, Japanese Yen (YEN), Australian Dollar (AUD), and Singapore Dollar (SGD). Kotak Mahindra Bank Fixed Deposit (FD) Interest Rates (p.a.) Highlights 2023 Highest slab rate 7.20% (for 12 months 25 days to less than 2 years) For 1 year 7.10% For 2 years 7.00% For 3 years 6.50% For 4 years 6.25% For 5 years 6.20% Tax-Saving FD 6.20% The interest rates are updated as of 1 June 2023 Kotak Mahindra FD Interest Rates 2023 Kotak Mahindra FD Rates on Domestic/NRO/NRE deposits of less than Rs 2 crore w.e.f. 11 May 2023 Tenure Interest Rates (% p.a.) Regular Individuals Senior Citizens 7 – 14 days 2.75 3.25 15 – 30 days 3.00 3.50 31 – 45 days 3.25 3.75 46 – 90 days 3.50 4.00 91 – 120 days 4.00 4.50 121 – 179 days 4.25 4.75 180 days 7.00 7.50 181 days to 269 days 6.00 6.50 270 days 6.00 6.50 271 days to 363 days 6.00 6.50 364 days 6.50 7.00 365 days to 389 days 7.10 7.60 390 days (12 months 25 days) 7.20 7.70 391 days to less than 23 months 7.20 ...

Disclaimer : Premature withdrawal Not Allowed Deposit #Simple interest rate *Senior Citizens' rate is not applicable on NRO/NRE deposits - Premature withdrawal of this deposit is not allowed till maturity. - No interest will be payable for NRE TDs staying less than 1 year. - For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as Simple Interest. - ActivMoney/ Sweep in Facility is not available on this deposit - Auto Renew option is not available. - Acceptance of deposits of Rs. 5 cr. and above is at the discretion of the Bank - Monthly Interest Payout option is not available. - Above rates are applicable for mentioned dates only and are subject to change without prior notice - Bank will not extend any kind of facility including OD against Fixed Deposits booked under No Premature Withdrawal scheme; - Bank will not book Fixed Deposits in respect of funds lying in Escrow account / arrangement - The calculation of interest is basis 365 days in a year for deposits booked in a non-leap year and 366 days in a year for Fixed Deposits booked in a leap (calendar) year. Important: Penal Charge on Pre-mature withdrawal of Fixed Deposits (Domestic / NRO / NRE) 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 p...

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) 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 Ra...

As of today, February 27, 2023, Kotak Mahindra Bank's fixed deposit interest rates are in effect. The revised interest rates are valid for domestic, NRO, and NRE fixed deposits with the option of a premature withdrawal. The bank is offering interest rates on fixed deposits with maturities ranging from seven days to ten years that range from 2.75% to 6.20% for the general public and 3.25% to 6.70% for senior citizens. With effect from today, deposits maturing in 390 days (12 months 25 days) to less than 2 years will earn a maximum interest rate of 7.70% for elderly individuals and 7.20% for non-senior citizens. Kotak Mahindra Bank FD Rates The bank now offers a 2.75% interest rate on fixed deposits that mature within the next 7 to 14 days, whereas Kotak Mahindra Bank currently offers a 3.00% interest rate on deposits that mature within the next 15 to 30 days. As of right now, Kotak Mahindra Bank is offering interest rates of 3.25% for deposits having a tenor of 31 to 45 days and 3.50% for deposits with a tenor of 46 to 90 days. Deposits with maturities between 91 and 120 days now earn 4.00% interest, and deposits with maturities between 121 and 179 days now return 4.25% interest. For fixed deposits maturing in 180 days to 363 days, the bank currently pays an interest rate of 6.00%, whereas Kotak Mahindra Bank also pays an interest rate of 6.25% on deposits maturing in 364 days. Kotak Mahindra Bank currently offers interest rates of 7.00% for deposits having tenors of 365 da...