Kotak Bank revises FD interest rates effective 08 September 2021 – Check new fixed deposit rates here

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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)

RegularSenior Citizen* 
Maturity Periods – Premature Withdrawal AllowedLess than Rs.2 Crore#Annualised YieldLess than Rs.2 Crore#Annualised Yield
7 – 14 Days2.50%2.50%3.00%3.00%
15 – 30 Days2.50%2.50%3.00%3.00%
31 – 45 Days2.75%2.75%3.25%3.25%
46 – 90 Days2.75%2.75%3.25%3.25%
91 – 120 Days3.00%3.00%3.50%3.50%
121 – 179 days3.25%3.25%3.75%3.75%
180 Days4.25%4.25%4.75%4.75%
181 Days to 269 Days4.25%4.30%4.75%4.81%
270 Days4.40%4.45%4.90%4.96%
271 Days to 363 Days4.40%4.45%4.90%4.96%
364 Days4.40%4.45%4.90%4.96%
365 Days to 389 Days4.50%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 Months4.75%4.84%5.25%5.35%
23 Months4.90%4.99%5.40%5.51%
23 months 1 Day- less than 2 years4.90%4.99%5.40%5.51%
2 years- less than 3 years5.00%5.09%5.50%5.61%
3 years and above but less than 4 years5.10%5.20%5.60%5.72%
4 years and above but less than 5 years5.20%5.30%5.70%5.82%
5 years and above upto and inclusive of 10 years5.25%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 AllowedRs. 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 Days2.50%2.75%2.75%2.75%
15 – 30 Days2.50%2.75%2.75%2.75%
31 – 45 Days2.75%3.00%3.00%3.00%
46 – 60 Days2.75%3.00%3.00%3.00%
61 – 90 Days3.00%3.25%3.25%3.25%
91 – 120 Days3.00%3.30%3.30%3.30%
121 – 179 Days3.00%3.35%3.35%3.35%
180 Days3.60%3.50%3.50%3.50%
181 Days to 270 Days3.60%3.50%3.50%3.50%
271 Days to 279 Days2.80%2.75%2.75%2.75%
280 Days to Less than 12 Months3.75%3.65%3.65%3.65%
12 months – less than 15 months3.90%3.70%3.70%3.70%
15 months – less than 18 months4.00%3.95%3.95%3.95%
18 months – less than 2 Years4.10%4.10%4.10%4.10%
2 years and above but less than 3 years4.40%4.25%4.25%4.25%
3 years and above but less than 4 years4.50%4.50%4.50%4.50%
4 years and above but less than 5 years4.50%4.50%4.50%4.50%
5 years and above upto & inclusive of 7 years4.50%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 AllowedRs. 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 DaysNA3.40%3.40%3.40%
121 – 179 DaysNA3.45%3.45%3.45%
180 DaysNA3.60%3.60%3.60%
181 Days to 270 Days3.70%3.60%3.60%3.60%
271 Days to 279 Days2.90%2.85%2.85%2.85%
280 Days to Less than 12 Months3.85%3.75%3.75%3.75%
12 months – less than 15 months4.00%3.80%3.80%3.80%
15 months – less than 18 months4.10%4.05%4.05%4.05%
18 months – less than 2 Years4.20%4.20%4.20%4.20%
2 years and above but less than 3 years4.50%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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