Latest Kotak Mahindra Bank FD interest rates Considering the interest rates and security of investment offered on fixed deposits (FDs), millions of people consider them as an investment option. Banks offer FD schemes for various tenors to their customers and also pay interest on time. However, FD interest rates change from time to time. In April, the Reserve Bank of India reduced the repo rate, following which many banks changed their FD rates. This trend continued in May as well. Kotak Mahindra Bank FD Interest Rates
Many people must have opened an account in Kotak Mahindra Bank and are making fixed deposits to keep their money safe and earn interest. But if you don’t know, let us tell you that Kotak Mahindra Bank has now reduced the interest rates on fixed deposits. Especially, the interest rate on deposits of less than 3 crores has been improved, in which the bank has reduced it by 50 basis points (bps). If you want more information, then read this article completely.
Kotak Mahindra Bank FD Interest Rates (Revised – May 2025)
Kotak Mahindra Bank FD rates senior citizen
| Tenure | Interest Rate |
|---|---|
| 7 – 14 Days | 2.75% |
| 15 – 30 Days | 3.00% |
| 31 – 45 Days | 3.25% |
| 46 – 90 Days | 3.50% |
| 91 Days | 5.00% |
| 92 – 179 Days | 4.25% |
| 180 Days | 6.50% |
| 181 – 269 Days | 6.00% |
| 270 Days | 6.00% |
| 271 – 363 Days | 6.00% |
| 364 Days | 6.50% |
| 365 – 389 Days | 6.80% |
| 390 Days | 6.90% |
| 391 Days – < 23 Months | 7.10% (Highest) |
| 23 Months | 7.10% |
| 23 Months 1 Day – < 2 Years | 7.05% |
| 2 – < 3 Years | 6.90% |
| 3 – < 4 Years | 6.90% |
| 4 – < 5 Years | 6.90% |
| 5 – 10 Years | 6.20% |
How much interest did Kotak Mahindra Bank reduce on 180-day FD?
Similarly, private sector Kotak Mahindra Bank has reduced the interest rate on 180-day fixed deposits (FD) by 50 basis points, reducing it from 7% to 6.50%. These new rates have come into effect from May 5, 2025. It is noteworthy that the bank had earlier also changed the interest rates on FDs for selected tenors on April 30, 2025.
Kotak FD interest rates 2025 For Senior Citizens (Additional 0.50%)
| Tenure | Interest Rate |
|---|---|
| 7 – 14 Days | 3.25% |
| 15 – 30 Days | 3.50% |
| 31 – 45 Days | 3.75% |
| 46 – 90 Days | 4.00% |
| 91 Days | 5.50% |
| 92 – 179 Days | 4.75% |
| 180 Days | 7.00% |
| 181 – 269 Days | 6.50% |
| 270 Days | 6.50% |
| 271 – 363 Days | 6.50% |
| 364 Days | 7.00% |
| 365 – 389 Days | 7.30% |
| 390 Days | 7.40% |
| 391 Days – < 23 Months | 7.60% (Highest) |
| 23 Months | 7.60% |
| 23 Months 1 Day – < 2 Years | 7.55% |
| 2 – < 3 Years | 7.40% |
| 3 – < 4 Years | 7.40% |
| 4 – < 5 Years | 7.40% |
| 5 – 10 Years | 6.70% |
FAQs on Kotak Mahindra Bank FD Interest Rate Cut – May 2025
Why did Kotak Mahindra Bank reduce its Fixed Deposit interest rates?
Kotak Mahindra Bank has revised its interest rates as part of its periodic review in response to market conditions and monetary policy trends. This helps align deposit rates with current lending and borrowing scenarios.
What is the new interest rate for 180-day Fixed Deposits?
As of May 5, 2025, the interest rate on 180-day FDs has been revised from 7.00% to 6.50%.
From when are the new interest rates effective?
The revised FD interest rates are effective from May 5, 2025.
Where can I check the latest FD interest rates of Kotak Mahindra Bank?
You can visit the official website of Kotak Mahindra Bank or contact your nearest branch to get the latest fixed deposit interest rates.
What is the interest rate on FD in Kotak Mahindra Bank?
As of May 2025, Kotak Mahindra Bank offers FD interest rates ranging from 3.00% to 7.25% per annum for general customers, depending on the tenure. Senior citizens may receive an additional 0.50% interest.
Where can I get a 9% interest rate?
You may find 9% interest rates with a few cooperative banks or small finance banks for senior citizens or special tenures. Do proper research and ensure the institution is RBI-regulated.