Kotak Mahindra Bank 2023 Interest Rate For FD- Customers of Kotak Mahindra Bank can invest in one of three different FD schemes. The Kotak FD calculator, which allows you to calculate the interest that your money will earn when invested in a fixed deposit at Kotak Bank, can be of great assistance to customers who wish to check the interest that will be earned on the principal amount. The details of the investment, such as the principal amount at maturity after interest is compounded daily, monthly, quarterly, semiannually, or annually, are calculated by this calculator. To determine the maturity amount, the Kotak FD calculator requires the deposit amount, tenure, and applicable Kotak Mahindra FD rates.
The interest rate for a Kotak Mahindra Bank Fixed Deposit is the annual percentage yield (APY) on the deposit, which is stated as a percentage of the total balance in the account at the end of each year. The APY is generally updated quarterly and can change from time to time. For example, if the APY is currently 3% and a deposit is opened with a balance of INR 100,000, it would earn an annual interest rate of 30%. The APY can vary based on factors such as the prevailing interest rates in the market and how long a deposit has been open.
Kotak Mahindra Bank 2023 Interest Rate For FD
FD interest rates range from 2.75 to 7.20 percent per annum at Kotak Mahindra Bank. to the general public and 3.25-7.7 percent per year. to senior citizens for periods of seven days to ten years. Kotak Mahindra Bank Tax Saving FDs have an annual interest rate of 6.20 percent. for the general public and 6.70 percent annually. for depositors who are seniors, with terms ranging from five to ten years. For non-resident aliens, the bank also offers a variety of fixed deposit products, including NRO, NRE, and FCNR fixed deposits. Fixed deposits in FCNR are accepted by Kotak Mahindra Bank in the following currencies: Singapore Dollar (SGD), Australian Dollar (AUD), Euro, Japanese Yen (YEN), and British Pound Sterling (GBP).
The interest rate charged by a Kotak Mahindra Bank FD is usually higher than other banks’ rates because of their reputation for providing high-quality financial services. For example, if you have a Kotak Mahindra Bank FD and you want to withdraw money before maturity, you may be able to do so without paying a penalty fee. This is because the bank trusts its customers and does not require prepayment of FDs in order to maintain its reputation for trust and reliability.
Kotak Mahindra Bank 2023 Interest Rate For FD Details
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Features and Benefits of Kotak Mahindra Fixed Deposit Account
The bank offers its clients engaging fixed store loan costs alongside different residencies to look over. So clients can meet cash saving objectives quicker with better security and greater adaptability.
Other than these, there are different highlights of the Kotak Mahindra Fixed Store Record that clients can profit from. They are as per the following:
- Appealing loan costs by the bank assist clients with developing their cash.
- You can begin a proper store as low as ₹ 5,000.
- The clients get the adaptability of deciding to get interests month to month, quarterly or every year. Or on the other hand they can likewise select to keep it contributed until development.
- A decent store with terms going from 7 days to 10 years is accessible.
- Kotak Fixed Store permits liquidity through a Scope in office.
- You can put resources into the Kotak Mahinda fixed store account through its Net Banking and Versatile Financial office.
- The bank licenses untimely or incomplete withdrawal of fixed stores.
- Kotak Mahindra Bank likewise offers a designation office for fixed investors.
- Overdraft office against the Kotak Bank Fixed Store account is accessible.
- With Kotak Mahindra Fixed Store, you get the adaptability of keeping your monetary portfolio enhanced.
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Kotak Mahindra Bank Domestic FD Interest Rates Below Rs 2 Crore
Kotak Bank FD interest rates given below are effective from 23rd February 202 and allow premature withdrawal.
|Maturity Periods||Less than Rs 2 Crore||Annualised Yield|
|7 – 14 Days||2.50%||2.50%|
|15 – 30 Days||2.50%||2.50%|
|31 – 45 Days||2.75%||2.75%|
|46 – 90 Days||2.75%||2.75%|
|91 – 120 Days||3.00%||3.00%|
|121 – 179 days||3.25%||3.25%|
|181 Days to 269 Days||4.40%||4.45%|
|271 Days to 363 Days||4.40%||4.45%|
|365 Days to 389 Days||4.90%||4.99%|
|390 Days (12 months 25 days)||5.10%||5.20%|
|391 Days – Less than 23 Months||5.10%||5.20%|
|23 months 1 Day- less than 2 years||5.10%||5.20%|
|2 years- less than 3 years||5.20%||5.30%|
|3 years and above but less than 4 years||5.45%||5.56%|
|4 years and above but less than 5 years||5.45%||5.56%|
|5 years and above up to and inclusive of 10 years||5.50%||5.61%|
Also Read-Andhra Bank 2023 Interest Rate For FD
Kotak Mahindra Bank Tax Saving FD Rates
The Kotak Mahindra Expense Saving Fixed Store offers you multi-level advantages – charge investment funds, appealing loan fees and security. This will assist you with taking full advantage of your inactive assets while giving you noteworthy returns.
Kotak Mahindra Bank Domestic Term Deposit FD Rates between Rs 2 Crore and Rs 10 Crore
In the event that you have a proper store of ₹ 2 Crores or between ₹ 2 Crores and ₹ 10 Crores, then, at that point, you will get the accompanying loan costs for specific development periods:
|Maturity Period||Rs 2 Crore & above but below Rs 5 Crores #||Rs 5 Crores & above but below Rs 10 Crores|
|7 – 14 Days||2.50%||2.65%|
|15 – 30 Days||2.50%||2.90%|
|31 – 45 Days||2.75%||3.25%|
|46 – 60 Days||2.75%||3.25%|
|61 – 90 Days||3.00%||3.25%|
|91 – 120 Days||3.25%||3.75%|
|121 – 179 Days||3.25%||3.90%|
|181 Days to 270 Days||4.10%||4.05%|
|271 Days to 279 Days||2.90%||2.90%|
|280 Days to Less than 12 Months||4.10%||4.10%|
|12 months – less than 15 months||4.40%||4.25%|
|15 months – less than 18 months||4.40%||4.30%|
|18 months – less than 2 Years||4.40%||4.30%|
|2 years and above but less than 3 years||4.60%||4.40%|
|3 years and above but less than 4 years||4.70%||4.50%|
|4 years and above but less than 5 years||4.70%||4.50%|
|5 years and above up to and inclusive of 7 years||4.70%||4.50%|
Click Here-Central Bank 2023 Interest Rate For FD
Kotak Mahindra Bank on Term Deposits Above Rs 10 Crore
|Maturity Period||Rs 10 Crores & above but below 25 Crores|
|7 – 14 Days||2.75%|
|15 – 30 Days||3.00%|
|31 – 45 Days||3.35%|
|46 – 60 Days||3.35%|
|61 – 90 Days||3.50%|
|91 – 120 Days||3.75%|
|121 – 179 Days||3.90%|
|181 Days to 270 Days||4.05%|
|271 Days to 279 Days||2.90%|
|280 Days to Less than 12 Months||4.20%|
|12 months – less than 15 months||4.25%|
|15 months – less than 18 months||4.30%|
|18 months – less than 2 Years||4.30%|
|2 years and above but less than 3 years||4.40%|
|3 years and above but less than 4 years||4.50%|
|4 years and above but less than 5 years||4.50%|
|5 years and above up to and inclusive of 7 years||4.50%|
Kotak Mahindra Bank NRI FD Rates
Kotak Mahindra Bank NRI FD account offers a range of deposits with attractive rates of interest, a wide range of products to choose from and more. Glance through various NRI FD Rates of Kotak Mahindra Bank.
|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|
|12 Months – Less than 15 Months||4.50%||4.50%||4.50%|
|15 Months – Less than 18 Months||4.50%||4.50%||4.50%|
|18 Months – Less than 2 Year||4.50%||4.50%||4.50%|
|2 Year – Less than 3 Year||4.60%||4.60%||4.60%|
|3 Year – Less than 4 Year||4.70%||4.60%||4.60%|
|4 Year – Less than 5 Year||4.70%||4.60%||4.60%|
|5 Year – Up to & inclusive of 7 Year||4.70%||4.60%||4.60%|
Read More- State Bank Of India 2023 Interest Rate For FD
Kotak Mahindra Bank NRO FD Rates: Rs 2 Crore to Rs 10 Crore
|Maturity Period – Premature Withdrawal Allowed||Rs 2 Cr & above but below Rs 5 Cr||Rs 5 Cr & above but below Rs 10 Cr||Rs 10 Cr & above but below 25 Cr|
|7 – 14 Days||2.50%||2.65%||2.75%|
|15 – 30 Days||2.50%||2.90%||3.00%|
|31 – 45 Days||2.75%||3.25%||3.35%|
|46 – 60 Days||2.75%||3.25%||3.35%|
|61 – 90 Days||3.00%||3.25%||3.50%|
|91 – 120 Days||3.25%||3.75%||3.75%|
|121 – 179 Days||3.25%||3.90%||3.90%|
|181 Days to 270 Days||4.10%||4.05%||4.05%|
|271 Days to 279 Days||2.90%||2.90%||2.90%|
|280 Days to Less than 12 Months||4.10%||4.10%||4.20%|
|12 months – less than 15 months||4.50%||4.50%||4.50%|
|15 months – less than 18 months||4.50%||4.50%||4.50%|
|18 months – less than 2 Years||4.50%||4.50%||4.50%|
|2 years and above but less than 3 years||4.60%||4.60%||4.60%|
|3 years and above but less than 4 years||4.70%||4.60%||4.60%|
|4 years and above but less than 5 years||4.70%||4.60%||4.60%|
|5 years and above upto & inclusive of 7 years||4.70%||4.60%||4.60%|
Kotak Mahindra Bank FCNR (B) Interest Rates
FCNR (Unfamiliar Money Non-Inhabitant Store) allows you to store up to 6 unfamiliar monetary standards and shield them from the swapping scale risk. FCNR financing costs given underneath stay powerful from first Walk 2023.
|Maturity||USD (< 0.5 mio)||USD (≥ 0.5 mio)||GBP||EURO||YEN||AUD||SGD|
|One year and above but less than two years||0.75%||0.60%||0.70%||0.00%||0.00%||0.15%||0.20%|
|Two years and above but less than three years||0.75%||0.50%||0.45%||No Quote||0.00%||0.40%||0.05%|
|Three years and above but less than four years||0.80%||0.50%||0.35%||No Quote||No Quote||No Quote||No Quote|
|Four years and above but less than five years||0.80%||0.50%||No Quote||No Quote||No Quote||No Quote||No Quote|
|Five years only||0.80%||0.50%||No Quote||No Quote||No Quote||No Quote||No Quote|
Check Also-HDFC Bank 2023 Interest Rate For FD
Kotak Mahindra Bank RFC Deposit Rates
The RFC (Occupant Unfamiliar Cash) store rates are compelling from Walk 1, 2023. Non-Occupant Indians who have gotten back to India on or after eighteenth April 1992 are qualified to apply under this plan.
|Maturity||USD (< 0.5 mio)||USD (≥ 0.5 mio)||GBP||EURO||YEN||AUD||SGD|
|30 days – Less than 6 months||0.25%||0.25%||0.30%||0.00%||0.00%||0.30%||No Quote|
|6 months – Less than 1 Year||0.45%||0.45%||0.40%||0.00%||0.00%||0.35%||No Quote|
|1 Year-Less than 2 years||0.75%||0.60%||0.70%||0.00%||0.00%||0.15%||0.20%|
|2 Years-Less than 3 Year||0.75%||0.50%||0.45%||No Quote||0.00%||0.40%||0.05%|
|3 Years Only||0.80%||0.50%||0.35%||No Quote||No Quote||No Quote||No Quote|
Kotak Mahindra Bank Fixed Deposit Schemes
Kotak Mahindra Bank offers four different types of fixed deposit schemes. They are as follows:
- Regular Fixed Deposit
- Tax Saving Fixed Deposit
- Senior Citizen Fixed Deposit
- Ace Fixed Deposit
Regular Fixed Deposit
The ordinary fixed store plot assists contributors with procuring more significant yields contrasted with the inactive money in the bank account. The development time frame for such FD plans goes from 7 days to 10 years. To keep up with liquidity, the plan offers a scope in office. It likewise permits halfway withdrawals and untimely conclusion of the record.
An overdraft office against the ordinary fixed store is additionally accessible. You can either decide to have combined or non-aggregate (month to month or quarterly) interest installments. In the event that you are a sole ownership firm, an Indian resident and an individual from HUFs, you can open an ordinary fixed store account.
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Tax Saving Fixed Deposit
Charge saving fixed store plot assists you with saving expense under Segment 80 C of the Annual Assessment Act, 1961, on sums going from ₹ 100 to ₹ 1.5 lakh. A base booking time of 5 years and a limit of 10 years is permitted.
Dissimilar to standard stores, fractional or untimely withdrawal isn’t permitted before the 5 years of the lock-in period. You can either pick getting interests quarterly or keep them contributed until development. Charge saving items for senior residents are accessible in this plan.
Senior Citizen Fixed Deposit
As the name recommends, this plan is explicitly intended for senior residents of society. It offers appealing financing costs to them and permits a low store of ₹ 5,000. Untimely and fractional withdrawal, liquidity through the scope in office, selection, and overdraft office against the decent store are permitted in this plan. The term of the senior resident fixed store account differs from 7 days to 10 years. The contributor can decide to get interest either month to month or quarterly or get it accumulated until the development date.
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Ace Fixed Deposit
The Expert fixed store permits financial backers to procure critical returns. The plan acquires interests from the FD in value common finances through Efficient Growth strategies (Tastes). Assignment and overdraft offices are accessible under this plan.
The Expert Fixed Store permits untimely encashment, yet it will draw in a punishment. Interests procured from the value ventures are not available. Additionally, you can reclaim it following one year of speculation.
The best thing about this plan is that you can make free money withdrawals at any Kotak Bank ATM the nation over. You get free admittance to all homegrown VISA ATMs.
Kotak FD Calculator
The Kotak FD calculator can be used by account holders to determine the amount they would receive upon maturity. Paisabazaar.com is where you can get your hands on this online tool for free. By providing information like, Kotak Mahindra Bank Fixed Deposit customers who wish to invest can check the maturity amount and interest earned.
- Deposit Amount
- Current Kotak Bank FD Rates
- Deposit Tenure
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