• PERSONAL
  • BUSINESS
  • CORPORATE
  • PRIVATE BANKING
  • PRIVY LEAGUE
  • NRI SERVICES
  • INVESTORS
  • Search
  • Help Center
  • Locate us
PERSONAL
Accounts &
Deposits
  • Savings Account
    • Everyday Savings Account
    • 811 Zero Balance Account
    • Edge Savings Account
    • Pro Savings Account
    • Silk Womens Savings Account
    • Junior Kids Savings Account
    • Trinity – Bank, Demat, Trading Account
    • Society and Associations Accounts
  • Current Accounts
    • ActivMoney Current account
    • Global Trade Current Account
    • Merchant One Premium Account
    • Startup Premium Current Account
    • Elite Current Account
    • Ace Current Account
    • Pro Current Account
    • Astra 15 Current Account
  • Privy League
    • Privy Black
    • Privy Platinum
    • Privy Neon
    • Privy Maxima
  • Salary Accounts
    • Everyday Account
    • Kotak Crème
    • Ace Salary Account
    • NationBuilders Salary Account
    • Salary Account for Defence Forces
    • Platina Salary Account
    • Edge Salary Account
    • Corporate Salary Privy League Programme
  • Service Requests
    • Check your last 5 transactions
    • Know your account balance
    • Activate / Deactivate Passbook
    • NACH Cancellation
    • Change of Home Branch
    • Report fraud / Raise Dispute
    • Co-operative Bank Declaration
  • Deposits
    • Fixed Deposit
    • Recurring Deposit
    • Tax Saving Fixed Deposit
    • Senior Citizen Fixed Deposit
    • ActivMoney
    • Sweep-in Facility
    • Fixed Deposit Calculator
    • Recurring Deposit Calculator
    • Safe Deposit Locker
Cards &
Fastag
  • Credit Cards
    • 811 Credit Card
    • Zen Signature Credit Card
    • Mojo Platinum Credit Card
    • PVR Kotak Gold Credit Card
    • Kotak IndiGo Ka-ching 6E Rewards Credit Card
    • NRI Royale Signature Credit Card
    • Biz Business Credit Card
  • Debit Cards
    • PayShopMore Debit Card
    • Kotak PVR Debit Card
    • Platinum Debit Card
    • 811 Dream Different Debit Card
    • Privy League Signature Debit Card
    • Silk Platinum Debit Card
    • Business Class Gold Debit Card
    • Debit Card Services
  • FASTag / Spendz
    • Apply for FASTag
    • Recharge FASTag
    • FASTag Toll Plazas
    • Kotak Spendz
  • Prepaid Services
    • Forex Card
    • Recharge Forex Card
    • Kotak Konnect
    • Gift Card
  • Credit Card Services
    • View Credit Card Statement
    • Credit Card Bill Payment
    • Generate PIN
    • Check Application Status
    • Register for E-statement
    • Personal Loan on Credit Card
    • Apply for Add On Card
    • Report Fraud / Raise Dispute
  • Other Card Services
    • Report lost or stolen card
    • Generate PIN for cards
    • Gift Card Dispute/Balance Inquiry
    • Activate or Deactivate your Card
    • Set your card for International Usage
    • Report lost or stolen card
    • Report Fraud / Raise Dispute
Investment &
Insurance
  • Investments
    • Mutual Funds
    • DEMAT account
    • Kotak ASBA Facility
    • Trinity - Bank, Demat, Trading Account
    • Portfolio Management Service
    • Tax saving investments
    • National Pension System
    • Sovereign Gold Bonds
  • Insurance
    • Life Insurance
    • Term Insurance
    • Health Insurance
    • Car Insurance
    • Two Wheeler Insurance
    • All Insurance Products
  • Government Schemes
    • National Pension Scheme (NPS)
    • NPS Calculator
    • Pradhan Mantri Jeevan Jyoti Bima Yojana
    • Pradhan Mantri Suraksha Bima Yojana
    • Atal Pension Yojana
    • RBI - Floating Rate Savings Bond, 2020 (T)
    • Sovereign Gold Bond Scheme
  • Deposits
    • Fixed Deposit
    • Recurring Deposit
    • Tax Saving Fixed Deposit
    • Senior Citizen Fixed Deposit
    • Fixed Deposit Calculator
    • Recurring Deposit Calculator
Loans
  • Home Loan
    • Apply for a Home Loan
    • Home Loan Eligibility
    • Required Documents
    • Home Loan Interest Rate
    • Home Loan EMI Calculator
    • Home Improvement Loan
    • Home Loan Balance Transfer
  • Personal Loan
    • Apply for a Personal Loan
    • Personal Loan Eligibility
    • Required Documents
    • Personal Loan Interest Rate
    • Personal Loan EMI Calculator
    • Top-up or Balance Transfer
    • Personal Loan Overdraft
  • Smart EMI
    • Application Process
    • Smart EMI Eligibility
    • Kotak Smart EMI Card
    • Smart EMI Offers
    • Locate nearest Partner Store
  • Other Loans
    • Business Loan
    • PayDay Loan
    • Gold Loan
    • Loan against Securities
    • Education Loan
    • Car Loan
  • Loan Account Services
    • Account Information /Statement
    • View Loan Details
    • Personal information update
    • View repayment schedule
    • Retail Asset Reconstruction
    • Locate Loan Servicing Branch
Payments &
Taxes
  • Money Transfer / Forex
    • NEFT
    • RTGS
    • IMPS
    • UPI
    • Pay your contact
    • Send money abroad
    • Foreign Currency Cash Services
    • Buy Forex Card
  • Bill Payments & Recharges
    • Utility payments
    • Mobile / Landline postpaid bill payment
    • Credit Card bill payment
    • Recharge FASTag
    • Mobile prepaid recharge
    • View all payments / recharges
  • Loan & Card Payment
    • Credit Card bill payment
    • Loan EMI payment
    • Retail Asset Reconstruction
  • Tax Payment
    • Income Tax Payment
    • Goods & Services Tax (GST)
Offers
  • Popular Categories
    • Shopping
    • Dining
    • Entertainment
    • Electronics
    • Health & Wellness
    • Travel
    • Education
    • View all offers
  • Offers by Payment Type
    • Credit Card
    • Debit Card
    • Netbanking
    • UPI
    • Offers on EMI
    • View all offers
  • Explore Kaymall
    • Flight Tickets
    • Bus Tickets
    • Train Tickets
    • Book Hotels
    • Shop on Amazon
    • Shop on BigBasket
    • Shop on Flipkart
Service Request
  • Update Profile
    • Update your PAN
    • Update Aadhaar Number
    • FATCA Declaration
  • Saving and Current Accounts
    • Check your last 5 transactions
    • Know your account balance
    • Activate / Deactivate your Passbook
    • NACH Cancellation
    • Change of Home Branch
    • Co-operative Bank Declaration
    • Report Fraud / Raise Dispute
    • Track your application status
  • Debit and Credit Cards
    • Card Token Management
    • Generate PIN for all your Kotak cards
    • Activate or deactivate your card
    • Report a lost or stolen card
    • Set your card for international usage
    • Apply for New Debit Card
    • Personalize your Debit Card from over 70+ images
    • Raise Dispute / Report Fraud
  • Personal Loans
    • Track Personal Loan Application Status
    • View Existing Loan Details
    • Download Statement of Account
    • View Repayment Schedule
    • Raise a Service Request
  • Home Loans
    • View Loan Details
    • Download Statement of Account
    • View Repayment Schedule
    • Download Tax Certificate
    • Raise a Service Request
  • Business Loans / Loan Against Property / Payday Loans
    • Raise a service request
BUSINESS
Explore
Products
  • Accounts
    • Current Accounts
    • Salary2Wealth – Corporate Benefit
    • Government Business
  • Loans
    • Business Loans
    • Loan Against Property
    • Commercial Vehicle
    • Construction Equipment
    • Farm Equipment
    • Crop Loan
    • Agri Project
    • Healthcare Finance Solutions
  • Working Capital
    • Channel Finance
    • Dealer Finance
    • Agri SME Business
    • Credit Card Receivables
    • Transportation, Logistics, Warehouse
    • Infrastructure Finance
    • Submit e-financials
  • Trade Services
    • Domestic
    • International - Exports
    • International - Imports
  • Payment Solution
    • Bharat QR Solution
    • Point of sale Machine(POS)
    • Bulk Upload Facility
    • Kotak.biz App
Offers Beyond
Banking
  • Business Management and Marketing
  • Enterprise Resource Planning
  • Taxation and Legal
  • Human Resource
  • Supply Chain and Logistics
  • Workspace Management
  • Healthcare and Medical Equipment
Payments &
Taxes
  • Money Transfer / Forex
    • NEFT
    • RTGS
    • IMPS
    • UPI
    • Pay your contact
    • Send money abroad
    • Foreign Currency Cash Services
  • Bill payments / Recharges
    • Utility Payments
    • Mobile / Landline Postpaid Bill Payments
    • Credit Card Bill Payments
    • Recharge FASTag
    • Mobile Prepaid Recharge
    • View all payments / recharges
  • Loan / Card Payment
    • Credit Card Bill Payment
    • Loan EMI Payment
    • Retail Asset Reconstruction
  • Tax Payment
    • Income Tax Payment
    • Goods & Services Tax (GST)
Privy
League
Connected
Banking
CORPORATE
Explore Products
  • Cash Management Services
    • Digital Payments
    • Physical Collections
    • Digital Collections
    • Prepaid cards
    • Allpay Payment Gateway
  • Trade & Supply Chain Finance
    • Import Finance
    • Export Finance
    • Domestic Trade & Supply Chain Finance
  • Trade Service
    • Remittances
    • Import
    • Export
    • Others Trade Services
Sector Expertise
Service Request
  • Statement of Account
PRIVATE BANKING
About Us
  • Kotak Private Banking
  • Kotak Private
  • Awards & Accolades
Our Offerings
  • Investment Management
  • Banking Solutions
PRIVY LEAGUE
Privy League
Overview
Privy League
Programmes
Privy
Offerings
NRI SERVICES
NRI
Overview
Explore
Products
  • Accounts & Deposits
    • Savings Account
    • Current Accounts
    • Deposits
    • Structured Products
    • Special Products
  • Money Transfer
    • Wire Transfer
    • Remittances from Exchange House
    • Foreign Currency Cheques
  • Loans
    • NRI Home Loan
    • NRI Home Improvement Loan
  • Cards
    • Credit Cards
    • Debit Cards
    • Prepaid Cards
    • Debit Card Services
    • Credit Card Services
  • Investment & Insurance
    • Life Insurance
    • Mutual Funds
    • National Pension System (NPS)
    • Portfolio Investment Schemes
    • Demat Account
NRI
Privy League
INVESTORS
Overview
Financials
Governance
Investor Info
Disclosures
Regulation 46 and 62
Help Center
Locate us
Contact Us
Call Us 24x7
Customer Contact Center
1860 266 2666 (Local charges applied)
+91 22 6600 6022 (Overseas charges applied)
Kotak Mahindra Bank
  • Accounts &
    Deposits
    • Savings Account
    • Current Accounts
    • Privy League
    • Salary Accounts
    • Service Requests
    • Deposits
    • Everyday Savings Account
    • 811 Zero Balance Account
    • Edge Savings Account
    • Pro Savings Account
    • Silk Womens Savings Account
    • Junior Kids Savings Account
    • Trinity – Bank, Demat, Trading Account
    • Society and Associations Accounts
    811 Video KYC

    Open a zero balance digital savings account instantly from anywhere with the new Video KYC process

    Know More

    • ActivMoney Current account
    • Global Trade Current Account
    • Merchant One Premium Account
    • Startup Premium Current Account
    • Elite Current Account
    • Ace Current Account
    • Pro Current Account
    • Astra 15 Current Account
    811 Video KYC

    Open a zero balance digital savings account instantly from anywhere with the new Video KYC process

    Know More

    • Privy Black
    • Privy Platinum
    • Privy Neon
    • Privy Maxima
    811 Video KYC

    Open a zero balance digital savings account instantly from anywhere with the new Video KYC process

    Know More

    • Everyday Account
    • Kotak Crème
    • Ace Salary Account
    • NationBuilders Salary Account
    • Salary Account for Defence Forces
    • Platina Salary Account
    • Edge Salary Account
    • Corporate Salary Privy League Programme
    811 Video KYC

    Open a zero balance digital savings account instantly from anywhere with the new Video KYC process

    Know More

    • Check your last 5 transactions
    • Know your account balance
    • Activate / Deactivate Passbook
    • NACH Cancellation
    • Change of Home Branch
    • Report fraud / Raise Dispute
    • Co-operative Bank Declaration
    811 Video KYC

    Open a zero balance digital savings account instantly from anywhere with the new Video KYC process

    Know More

    • Fixed Deposit
    • Recurring Deposit
    • Tax Saving Fixed Deposit
    • Senior Citizen Fixed Deposit
    • ActivMoney
    • Sweep-in Facility
    • Fixed Deposit Calculator
    • Recurring Deposit Calculator
    • Safe Deposit Locker
    fd-menu-banner

    Avail higher Fixed Deposit rates @ 7.20 % p.a.* for tenor 12 months 25 days to less than 2 years

    Know More

  • Cards &
    Fastag
    • Credit Cards
    • Debit Cards
    • FASTag / Spendz
    • Prepaid Services
    • Credit Card Services
    • Other Card Services
    • 811 Credit Card
    • Zen Signature Credit Card
    • Mojo Platinum Credit Card
    • PVR Kotak Gold Credit Card
    • Kotak IndiGo Ka-ching 6E Rewards Credit Card
    • NRI Royale Signature Credit Card
    • Biz Business Credit Card
    league-cc

    Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.

    Know More

    • PayShopMore Debit Card
    • Kotak PVR Debit Card
    • Platinum Debit Card
    • 811 Dream Different Debit Card
    • Privy League Signature Debit Card
    • Silk Platinum Debit Card
    • Business Class Gold Debit Card
    • Debit Card Services
    league-cc

    Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.

    Know More

    • Apply for FASTag
    • Recharge FASTag
    • FASTag Toll Plazas
    • Kotak Spendz
    league-cc

    Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.

    Know More

    • Forex Card
    • Recharge Forex Card
    • Kotak Konnect
    • Gift Card
    league-cc

    Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.

    Know More

    • View Credit Card Statement
    • Credit Card Bill Payment
    • Generate PIN
    • Check Application Status
    • Register for E-statement
    • Personal Loan on Credit Card
    • Apply for Add On Card
    • Report Fraud / Raise Dispute
    league-cc

    Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.

    Know More

    • Report lost or stolen card
    • Generate PIN for cards
    • Gift Card Dispute/Balance Inquiry
    • Activate or Deactivate your Card
    • Set your card for International Usage
    • Report lost or stolen card
    • Report Fraud / Raise Dispute
    league-cc

    Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.

    Know More

  • Investment &
    Insurance
    • Investments
    • Insurance
    • Government Schemes
    • Deposits
    • Mutual Funds
    • DEMAT account
    • Kotak ASBA Facility
    • Trinity - Bank, Demat, Trading Account
    • Portfolio Management Service
    • Tax saving investments
    • National Pension System
    • Sovereign Gold Bonds
    mf-webInv

    Make your money work smarter! Explore recommended Mutual Funds.

    Invest Now

    • Life Insurance
    • Term Insurance
    • Health Insurance
    • Car Insurance
    • Two Wheeler Insurance
    • All Insurance Products
    health-insurance

    Leave the stress of your medical expenses to us

    Know more

    • National Pension Scheme (NPS)
    • NPS Calculator
    • Pradhan Mantri Jeevan Jyoti Bima Yojana
    • Pradhan Mantri Suraksha Bima Yojana
    • Atal Pension Yojana
    • RBI - Floating Rate Savings Bond, 2020 (T)
    • Sovereign Gold Bond Scheme
    mf-webInv

    Make your money work smarter! Explore recommended Mutual Funds.

    Invest Now

    • Fixed Deposit
    • Recurring Deposit
    • Tax Saving Fixed Deposit
    • Senior Citizen Fixed Deposit
    • Fixed Deposit Calculator
    • Recurring Deposit Calculator
    mf-webInv

    Make your money work smarter! Explore recommended Mutual Funds.

    Invest Now

  • Loans
    • Home Loan
    • Personal Loan
    • Smart EMI
    • Other Loans
    • Loan Account Services
    • Apply for a Home Loan
    • Home Loan Eligibility
    • Required Documents
    • Home Loan Interest Rate
    • Home Loan EMI Calculator
    • Home Improvement Loan
    • Home Loan Balance Transfer
    10-99-new-pl-rate-menu

    Get up to Rs.40 lakh with personal loan starting at 10.99% p.a.

    Know More

    • Apply for a Personal Loan
    • Personal Loan Eligibility
    • Required Documents
    • Personal Loan Interest Rate
    • Personal Loan EMI Calculator
    • Top-up or Balance Transfer
    • Personal Loan Overdraft
    10-99-new-pl-rate-menu

    Get up to Rs.40 lakh with personal loan starting at 10.99% p.a.

    Know More

    • Application Process
    • Smart EMI Eligibility
    • Kotak Smart EMI Card
    • Smart EMI Offers
    • Locate nearest Partner Store
    10-99-new-pl-rate-menu

    Get up to Rs.40 lakh with personal loan starting at 10.99% p.a.

    Know More

    • Business Loan
    • PayDay Loan
    • Gold Loan
    • Loan against Securities
    • Education Loan
    • Car Loan
    10-99-new-pl-rate-menu

    Get up to Rs.40 lakh with personal loan starting at 10.99% p.a.

    Know More

    • Account Information /Statement
    • View Loan Details
    • Personal information update
    • View repayment schedule
    • Retail Asset Reconstruction
    • Locate Loan Servicing Branch
    10-99-new-pl-rate-menu

    Get up to Rs.40 lakh with personal loan starting at 10.99% p.a.

    Know More

  • Payments &
    Taxes
    • Money Transfer / Forex
    • Bill Payments & Recharges
    • Loan & Card Payment
    • Tax Payment
    • NEFT
    • RTGS
    • IMPS
    • UPI
    • Pay your contact
    • Send money abroad
    • Foreign Currency Cash Services
    • Buy Forex Card
    business-loan

    Now with Internet Banking you can enjoy a convenient way to bank from the comfort of your home or office.

    Know More

    • Utility payments
    • Mobile / Landline postpaid bill payment
    • Credit Card bill payment
    • Recharge FASTag
    • Mobile prepaid recharge
    • View all payments / recharges
    811 Video KYC

    Know more

    • Credit Card bill payment
    • Loan EMI payment
    • Retail Asset Reconstruction
    fastagg-new-menu

    Know More

    • Income Tax Payment
    • Goods & Services Tax (GST)
  • Offers
    • Popular Categories
    • Offers by Payment Type
    • Explore Kaymall
    • Shopping
    • Dining
    • Entertainment
    • Electronics
    • Health & Wellness
    • Travel
    • Education
    • View all offers
    offer-menu-part

    Introducing e-vouchers from 180+ brands across a wide range of categories.

    Know More

    • Credit Card
    • Debit Card
    • Netbanking
    • UPI
    • Offers on EMI
    • View all offers
    offer-menu-part

    Introducing e-vouchers from 180+ brands across a wide range of categories.

    Know More

    • Flight Tickets
    • Bus Tickets
    • Train Tickets
    • Book Hotels
    • Shop on Amazon
    • Shop on BigBasket
    • Shop on Flipkart
    offer-menu-part

    Introducing e-vouchers from 180+ brands across a wide range of categories.

    Know More

  • Service Request
    • Update Profile
    • Saving and Current Accounts
    • Debit and Credit Cards
    • Personal Loans
    • Home Loans
    • Business Loans / Loan Against Property / Payday Loans
    • Update your PAN
    • Update Aadhaar Number
    • FATCA Declaration
    business-loan

    Know More

    • Check your last 5 transactions
    • Know your account balance
    • Activate / Deactivate your Passbook
    • NACH Cancellation
    • Change of Home Branch
    • Co-operative Bank Declaration
    • Report Fraud / Raise Dispute
    • Track your application status
    811 Video KYC

    Know more

    • Card Token Management
    • Generate PIN for all your Kotak cards
    • Activate or deactivate your card
    • Report a lost or stolen card
    • Set your card for international usage
    • Apply for New Debit Card
    • Personalize your Debit Card from over 70+ images
    • Raise Dispute / Report Fraud
    fastagg-new-menu

    Know More

    • Track Personal Loan Application Status
    • View Existing Loan Details
    • Download Statement of Account
    • View Repayment Schedule
    • Raise a Service Request
    • View Loan Details
    • Download Statement of Account
    • View Repayment Schedule
    • Download Tax Certificate
    • Raise a Service Request
    • Raise a service request
Search
  • Search
  • Login Login
  1. Home
  2. Rates
  3. Interest Rates
  • Interest Rates
  • MCLR
  • Forex Rates

Interest rates for our personal banking products including terms deposits, loans and savings accounts. Select the type of product you're looking for.

 

Deposit Accounts

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 30th June, 30th September, 31st December & 31st 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 Branch

#The above rates are effective from 5th January’23

Fixed Deposit

INTEREST RATES FOR DOMESTIC / NRO / NRE FIXED DEPOSITS - PREMATURE WITHDRAWAL ALLOWED

Disclaimer

#Simple interest rate
*Senior Citizens' rate is not applicable on NRO/NRE deposits
- 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.
- 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 below mentioned in premature withdrawal penalty section.
- For ActivMoney (2 way sweep deposits) Regular Fixed Deposit rates will be applicable for all customers including Senior Citizen's / Bank Staff
- Acceptance of deposits of Rs. 5 cr. and above is at the discretion of the Bank.
- 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
- Above rates are applicable for mentioned dates 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.

 

INTEREST RATES FOR DOMESTIC / NRO / NRE FIXED DEPOSITS - PREMATURE WITHDRAWAL NOT ALLOWED

Disclaimer : Premature withdrawal Not Allowed Deposit

#Simple interest rate
*Senior Citizens' rate is not applicable on Domestic/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
- 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 per Terms & Conditions of Fixed Deposit Accounts of the Bank, the penal charge on premature closure of Fixed Deposits including partial closure 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 Fixed 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 Fixed Deposits (Domestic / NRO / NRE) with effective from 20th May, 2022

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 Terms & Conditions of Fixed Deposit Accounts of the Bank, the penal charge on premature closure of Fixed Deposits including partial closure has been fixed by the bank as below on Fixed Deposits booked/ renewed on or after 20th May, 2022. 

Tenure of Fixed Deposit

Penalty

Less than equal to 180 days

Nil

Greater than 180 days to less than or equal to 364 days

0.50%

Greater than or equal to 365 days

1.00%



Floating Rate Linked Term Deposits

The bank offers Floating Rate Linked Term Deposit for amount Rs. 5cr and above, details of the same are as under :

Maturity Periods

Rate

90  - 180 days

Repo + 25 bps

181 – 364 days

Repo + 50 bps

365 – 730 days

Repo + 85 bps

Note:

  • Repo Linked floating interest rate will be applicable on amount Rs. 5 crore and above.
  • For more details on Repo Linked Floating Interest rate please contact your relationship manager
  • The above rates are effective from 2nd January ‘23

Recurring Deposits

INTEREST RATES FOR RECURRING DEPOSITS (For Resident Individuals & HUF only)

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

 

FCNR Deposit

FCNR (B) Interest rates are effective from the date of 01 June 2023
Maturity USD (< 0.5 mio) USD (>= 0.5 mio) GBP EURO AUD SGD

1 Year-Less than 2 Year

5.40%

5.40%

5.40%

3.60%

4.20%

3.85%

2 years -Less than 3 Year

4.35%

4.35%

4.80%

2.95%

3.75%

3.10%

3 Year-Less than 4 year

3.65%

3.65%

4.25%

2.45%

3.35%

No Quote

4 Year-Less than 5 Year

3.40%

3.40%

No Quote

No Quote

No Quote

No Quote

5 Years Only

3.25%

3.25%

No Quote

No Quote

No Quote

No Quote

Disclaimer

* Rates for Senior Citizen category not available for FCNR Deposits.
No interest will be payable for FCNR Deposits staying less than 1 year.
Acceptance of deposits of USD 1 mio and above [or equivalent] is at the discretion of the Bank.

 

RFC Deposit

RFC Deposit Interest rates are effective from the date of 01 June, 2023

RFC Deposit

USD (< 0.5 mio) USD (≥ 0.5 mio)

GBP

EURO

AUD

SGD

30 days - Less than 6 months

0.50%

0.50%

0.01%

No Quote

0.01%

0.01%

6 months - Less than 1 Year

1.00%

1.00%

0.60%

No Quote

0.01%

0.01%

1 Year-Less than 2 years

5.40%

5.40%

5.40%

3.60%

4.20%

3.85%

2 year -Less than 3 Year

4.35%

4.35%

4.80%

2.95%

3.75%

3.10%

3 Years Only

3.65%

3.65%

4.25%

2.45%

3.35%

No Quote


Eligibility for RFC Deposit:

  • NRI who has returned to India on or after 18th April, 1992.
  • Customer is resident outside India for a continuous period of not less than 1 year prior to his return.
  • Customer has been permanently settled in India since return.


Please Note :
For all RFC deposits [for maturity of less than and greater than 1 year], 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 [with floor of 0].

Loans

  Rate of Interest Processing Fees
(excluding GST)
  Customer Type Effective Rate Of Interest RR + Spread  
Housing Loan* Floating Category (Repo Rate: 6.50%)
For Salaried individuals 8.85% - 9.35%
- Upto 0.50%
For Self Employed 8.90% - 9.40%
- Upto 1.00%
Business Loan   16.00 % to 19.99% - Upto 2.00%
Personal Loan For Salaried Individuals 10.25% to 24% Fixed Rate Upto 2.00%
Disclaimer:
View the latest MCLR rates here
*Terms and Conditions Apply
6. Click here for Master Facility Agreement Document
7. Click here Interest Rate Range of Contracted Loans for the past quarter to Individual Borrowers
The Annual Percentage Rate (APR) is a method to compute annualized credit cost, which includes interest rate and processing fee. To calculate the same, please click here to download the APR calculator.


Loan Against Property
 

SLAB Women Borrower as Main Applicant MCLR + Mark Up Others MCLR + Mark Up
Less than 2 cr 9.5 - 11.55 6mclr + (1.15 + 3.20) 9.6 - 11.65 6mclr + (1.25 + 3.30)
More than 2cr 9.55 - 11.60 6mclr + (1.20 + 3.25) 9.65 - 11.70 6mclr + (1.30 + 3.35)
SLAB Women Borrower as Main Applicant EBLR + Mark Up Others EBLR + Mark Up
Less than 2 cr 9.5 - 11.55 RR + (4.35 + 6.40) 9.6 - 11.65 RR + (4.45 + 6.50)
More than 2cr 9.55 - 11.60 RR + (4.40 + 6.45) 9.65 - 11.70 RR + (4.50 + 6.55)

Commercial Business

Business Rate of Interest
CV (Commercial Vehicle) Group
24%
CE (Construction Equipment)
24%
TFE (Tractor and Farm Equipment)
26%
GLN (Gold Loan)
8% to 17% depending on purpose & profile and discretion of bank

Fee Based Services

Drafts/TT/MT
For Savings Accounts Issue (INR) Rs. 2.5 per 1000 Min Rs. 50 Max Rs. 10, 000
Cancellation (INR) Rs. 100
For Current Accounts Issue (INR) At Branch Locations - Re 1/1000 (Min 40 Max 5000) & at Non - branch locations Rs. 2/1000 (Min 40 Max 5000); Foreign Currency DD - Rs 500 per DD + Foreign Currency Conversion Charge.
Cancellation (INR) Rs 100 per INR DD; for Foreign currency DD Rs 500 + Foreign currency conversion charge
Outstation Cheque Collection (INR)
Savings Account For Branch Locations (Non-Speed clearing locations): Free
For Non Branch Locations (Non- Speed clearing locations) : Free
Current Account INR cheques upto Rs. 10000: Rs. 50 per cheque; Rs. 10001 - Rs. 100000: Rs. 100 per cheque; Rs. 100001 & above: Rs. 150 per cheque. For foreign currency cheques Rs 500 per cheque
Charges for Outstation INR Cheque Collection are exclusive of service tax.
NEFT Money Transfer
For Savings Accounts Inward Free
Outward Free (Through MobileBanking & Net Banking) and Through Branch  - Up to 10000: 2.50, 10001 to 100000:5; 100001 to 200000:15; > 200000 : 25 (Small account holder can do NEFT upto 10000)
For Current Accounts Inward Free
Outward Upto Rs. 1 Lakh: Rs. 5 per Txn; Rs. 1 Lakh & above: Rs. 25 per Txn
Charges for NEFT are exclusive of service tax.
RTGS Money Transfer
Savings Accounts Inward Free
Outward Free (Through MobileBanking & Net Banking) and Through Branch  - Rs. 200001- 500000: Rs 25 per Txn; > 500000: Rs 50 per Txn;
Current Accounts Inward Free
Outward Free (If done through Net banking); Charged - if done through branch @ Rs. 1- 5 Lakhs: Rs 25 per Txn; Rs. 5 Lakhs & Above: Rs 50 per Txn;
Charges for NEFT are exclusive of service tax.
Cheque Return Charges Outward Returns Inward Returns
For Savings Account (INR) Rs. 100/- per instance Rs. 500/- per instance
For Current Accounts / Overdraft, Cash Credit Accounts Rs.100/ cheque. For out-station cheques, corr bank charges shall be extra Financial Reason: upto 3 returns - 350 /instance; 4th return onward 750/instance
Cheque Book Issuance
Savings Account For BSBDA & Small Account, first cheque book of 5 leaves Free, thereafter charged @ Rs. 5 per cheque leaf. Edge, Nova and Synergy Savings Account 25 leaves per quarter Free thereafter it is charged @ Rs. 1.5 per leaf. For all other Accounts it is Free.
Current Account Free for all accounts except Neo, Edge & Synergy A/c where beyond free limit it is charged @ Rs.2/- per leaf. Default cheque book is at-par cheque book.

 

Disclaimer

By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them. 

Proceed

Disclaimer

At your request, you are being re-directed to a third party site - https://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.

I Accept

Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
 

Disclaimer

By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them. 

Proceed

Disclaimer

By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them. 

Proceed

Disclaimer

By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.

Proceed

Disclaimer

By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.

Proceed

Back to Top
  • Channel Red *New*

    Mobile Banking Net Banking Manage your account Transfer money Recharge / Make payments Credit Cards Debit Cards Loans National Pension Scheme Deposits
  • Popular Products

    Home Loan Personal Loan Savings Account Current Account Credit Cards Mutual Funds National Pension Scheme (NPS) Business Loan Zero Balance Savings Account Life Insurance Fixed Deposit Recurring Deposit Loan against property
  • Help Center

    Account Issue with Transactions Credit Card 811 Account Fund Transfer, Bill Payment & Recharge Loans FASTag Fixed Deposit (FD) and Recurring Deposit (RD) NRI Services My Profile - Mobile Number, Aadhaar, Email ID & Address Forex Insurance (Premium payments, Tax benefit etc ) Investments (Scheme Issues, Dividend related) Working Capital KayMall - Flights, Hotels, Bus, Trains, Shopping

Channel Red *New*

  • Mobile Banking
  • Net Banking
  • Manage your account
  • Transfer money
  • Recharge / Make payments
  • Credit Cards
  • Debit Cards
  • Loans
  • National Pension Scheme
  • Deposits

Popular Products

  • Home Loan
  • Personal Loan
  • Savings Account
  • Current Account
  • Credit Cards
  • Mutual Funds
  • National Pension Scheme (NPS)
  • Business Loan
  • Zero Balance Savings Account
  • Life Insurance
  • Fixed Deposit
  • Recurring Deposit
  • Loan against property

Help Center

  • Account
  • Issue with Transactions
  • Credit Card
  • 811 Account
  • Fund Transfer, Bill Payment & Recharge
  • Loans
  • FASTag
  • Fixed Deposit (FD) and Recurring Deposit (RD)
  • NRI Services
  • My Profile - Mobile Number, Aadhaar, Email ID & Address
  • Forex
  • Insurance (Premium payments, Tax benefit etc )
  • Investments (Scheme Issues, Dividend related)
  • Working Capital
  • KayMall - Flights, Hotels, Bus, Trains, Shopping

Disclaimer

By clicking on the hyper-link, you will be leaving www.kotak.com and entering our partnered website which will display recurring payment details enabled on your Kotak Bank Credit / Debit Card.

Proceed

Disclaimer

By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.

Proceed

  • About us

  • Our Businesses
  • Media Centre
  • Sustainability
  • Careers
  • DIFC Branch
  • GIFT Branch
  • KMFSL
  • Investor Relations

  • Overview
  • Financials
  • Governance
  • Investor Info
  • Disclosures Regulation 46 and 62
  • Customer Service

  • Important Information
  • Write to us
  • Grievance Redressal
  • Report Fraud / Raise Dispute
  • Banking Ombudsman
  • Download Forms
  • Service Requests
  • Track Application Status
  • Tips on Safe Banking
  • Doorstep Banking Service
  • Contact Us for Depository Services
  • Aadhaar Services

  • Link your Aadhaar
  • Aadhaar Enrollment Center
  • Calculators & Tools

  • Personal Loan EMI Calculator
  • Car Loan EMI Calculator
  • Home Loan EMI Calculator
  • Fixed Deposit Calculator
  • Recurring Deposit Calculator
  • Gold Loan Calculator
  • Life Insurance Calculator
  • Business Loan EMI Calculator
  • Retirement Calculator
  • Simple Interest Calculator
  • Compound Interest Calculator
  • Goal Planner
  • Digital Banking

  • Ways to Bank
  • Insta Services
  • Business & Fintech
  • Open Banking
  • Self Help

  • Help Center
  • Chat with Keya
  • Trending Products

  • Credit Cards
  • 811 Digital Savings Bank Account
  • Digi Personal Loan
  • Rates & fees

  • Interest Rates
  • Fees & Charges (GSFC)
  • Goods & Services Tax (GST)
  • Financial Inclusion

  • About Merger

  • Erstwhile ING Vysya

  • Savings Account
  • Current Account
  • Debit Card
  • Institutional Accounts
  • Others

  • Credit Card T&C
  • Co Brand Credit Card
  • Public Notice
  • Regulatory Disclosure
  • USA Patriot Act Certification
  • Subscriptions/ Recurring Payments
  • Wolfsberg AML Questionnaire
  • Knowledge Centre
  • Auction Cum Sale Notice
  • Asset Classification Norms
  • Recovery Agent

Connect With Us

Install Kotak - 811 & Mobile Banking App

  • Google Play
  • Apple App Store

 

  • Entrust Secured
  • Verisign

 

  • Kotak Asset Management
  • Kotak General Insurance
  • Kotak Institutional Equities
  • Kotak International Business
  • Kotak Investment Advisors
  • Kotak Investment Banking
  • Kotak Life Insurance
  • Kotak Mahindra Investments
  • Kotak Mahindra Prime
  • Kotak Securities Limited
call-icon

About us

  • Our Businesses
  • Media Centre
  • Sustainability
  • Careers
  • DIFC Branch
  • GIFT Branch
  • KMFSL

Investor Relations

  • Overview
  • Financials
  • Governance
  • Investor Info
  • Disclosures Regulation 46 and 62

Customer Service

  • Important Information
  • Write to us
  • Grievance Redressal
  • Report Fraud / Raise Dispute
  • Banking Ombudsman
  • Download Forms
  • Service Requests
  • Track Application Status
  • Tips on Safe Banking
  • Doorstep Banking Service
  • Contact Us for Depository Services

Aadhaar Services

  • Link your Aadhaar
  • Aadhaar Enrollment Center

Calculators & Tools

  • Personal Loan EMI Calculator
  • Car Loan EMI Calculator
  • Home Loan EMI Calculator
  • Fixed Deposit Calculator
  • Recurring Deposit Calculator
  • Gold Loan Calculator
  • Life Insurance Calculator
  • Business Loan EMI Calculator
  • Retirement Calculator
  • Simple Interest Calculator
  • Compound Interest Calculator
  • Goal Planner

Digital Banking

  • Ways to Bank
  • Insta Services
  • Business & Fintech
  • Open Banking

Self Help

  • Help Center
  • Chat with Keya

Trending Products

  • Credit Cards
  • 811 Digital Savings Bank Account
  • Digi Personal Loan

Rates & fees

  • Interest Rates
  • Fees & Charges (GSFC)
  • Goods & Services Tax (GST)

Financial Inclusion

About Merger

Erstwhile ING Vysya

  • Savings Account
  • Current Account
  • Debit Card
  • Institutional Accounts

Others

  • Credit Card T&C
  • Co Brand Credit Card
  • Public Notice
  • Regulatory Disclosure
  • USA Patriot Act Certification
  • Subscriptions/ Recurring Payments
  • Wolfsberg AML Questionnaire
  • Knowledge Centre
  • Auction Cum Sale Notice
  • Asset Classification Norms
  • Recovery Agent

Kotak Group Companies

  • Kotak Asset Management
  • Kotak General Insurance
  • Kotak Institutional Equities
  • Kotak International Business
  • Kotak Investment Advisors
  • Kotak Investment Banking
  • Kotak Life Insurance
  • Kotak Mahindra Investments
  • Kotak Mahindra Prime
  • Kotak Securities Limited
Copyright Kotak Mahindra Bank Limited. | Disclaimer | Privacy Policy | Terms & Conditions