Kotak Mahindra Bank FD Interest Rates 2025 and Eligibility Criteria with How to Calculate Returns Using FD Calculator

Fixed Deposits (FDs) have long been one of the most preferred investment options for Indian investors due to their safety, assured returns, and flexibility. Kotak Mahindra Bank, one of India's leading private sector banks, offers attractive FD schemes for different investor profiles. In this blog, we’ll explore Kotak FD interest rates for 2025, the eligibility criteria, and how to calculate your returns using an FD calculator.

What is a Fixed Deposit?

A Fixed Deposit (FD) is a financial tool where you invest a lump sum amount with a bank for a fixed duration at a predetermined interest rate. Unlike a savings account, you cannot withdraw the money before maturity without paying a penalty. FDs offer higher interest rates than regular savings accounts, making them a great option for conservative investors. At the end of the FD tenure, the bank returns your principal amount along with the interest earned over the period. It is a reliable and predictable way to grow your savings, especially if you are looking for low-risk investments.

Why should you invest in Kotak Mahindra Bank Fixed Deposits?

The Kotak Mahindra Bank FDs offer you a triple benefits advantage, which includes,

1. Safety of investments
2. Tax-savings under section 80C of upto Rs. 1.5 lakh per financial year
3. Attractive FD interest rates

Eligibility Criteria for Kotak Mahindra Bank Fixed Deposits

Opening an FD account with Kotak Mahindra Bank is simple. Below are the eligibility criteria:

1. For Individuals:

• Indian residents
• Individuals (Single or Joint Account)
• Minors (through guardian)
• Senior citizens (60 years and above)

2. For Non-Individuals:

• HUFs (Hindu Undivided Families)
• Partnerships
• Trusts
• Companies and firms
• NRIs (for NRE/NRO FDs)

3. Documents Required:

• Identity proof (Aadhaar, PAN, Passport, etc.)
• Address proof
• Passport and visa (for NRI customers)
• Bank account details for deposit and interest payout

Kotak Mahindra Bank FD Interest Rates 2025

As of April 2025, Kotak Mahindra Bank offers competitive interest rates on fixed deposits across various tenures. The rates vary based on the tenure and the type of depositor (regular vs. senior citizen). Here is a general overview:

	Regular		Senior Citizen
Maturity Periods - Premature Withdrawal Allowed	Less than Rs.3 Crore	Annualised Yield	Less than Rs.3 Crore	Annualised Yield
7 - 14 Days	2.75%	2.75%	3.25%	3.25%
46 - 90 Days	3.50%	3.50%	4.00%	4.00%
91 - 120 Days	4.00%	4.00%	4.50%	4.50%
181 Days to 269 Days	6.00%	6.09%	6.50%	6.61%
271 Days to 363 Days	6.00%	6.09%	6.50%	6.61%
364 Days	6.50%	6.61%	7.00%	7.12%
365 Days to 389 Days	7.10%	7.29%	7.60%	7.82%
390 Days (12 months 25 days)	7.25%	7.45%	7.75%	7.98%

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.

How to Calculate FD Returns Using an Kotak Mahindra Bank FD Calculator

A Fixed Deposit Calculator helps you estimate the maturity amount and interest earned on your investment. Here’s how you can use it:

Steps to Use Kotak FD Calculator:

Visit the Kotak FD Calculator or any reliable FD calculator.

Enter Deposit Amount	The amount you want to invest (e.g., ₹1,00,000).
Select Tenure	Choose the duration of the FD (e.g., 2 years).
Choose Customer Type	Regular or Senior Citizen.
Interest Rate	It auto-fills based on your selection, or you can enter it manually.
Payout Option	Choose between cumulative (reinvest interest) or non-cumulative (monthly/quarterly interest payout).
Calculate	Click the button to view your maturity amount and interest earned.

 

Example:

• Deposit: ₹1,00,000
• Tenure: 2 years
• Rate: 6.75% p.a. (compounded quarterly)
• Maturity Amount: ~₹1,14,514
• Total Interest Earned: ₹14,514

Benefits of Kotak Mahindra Bank Fixed Deposit (FD)

Fixed Deposits with Kotak Mahindra Bank are not just about earning stable returns—they offer a variety of benefits that make them a reliable and convenient investment option for different types of investors. Let’s explore the advantages in more detail:

1. Assured Returns with Zero Risk

One of the primary benefits of an FD is the guaranteed return on investment. Unlike market-linked instruments such as mutual funds or stocks, FDs are not affected by market volatility. When you invest in a Kotak FD, you know exactly how much you’ll receive at the end of the tenure. This makes it ideal for risk-averse investors who prioritize safety and certainty.

2. Flexible Tenure Options

Kotak offers a wide range of tenure options—from as short as 7 days to as long as 10 years. This allows you to align your FD investment with your financial goals, whether it's short-term liquidity needs, medium-term planning, or long-term wealth accumulation.

3. Attractive Interest Rates

Kotak FD interest rates are competitive and rewarding, especially for longer tenures and for senior citizens. With rates going up to 7.60% p.a. for senior citizens in 2025, FDs become a solid way to grow your idle savings securely.

4. Higher Rates for Senior Citizens

Senior citizens enjoy an additional interest rate benefit (usually 0.50% higher than regular rates), making it a preferred investment vehicle for retirees who rely on steady income and capital safety.

5. Loan Against FD

In times of urgent financial need, you don’t have to break your FD. Kotak allows you to avail a loan or overdraft of up to 90% of your FD amount, giving you liquidity without compromising on your interest earnings.

6. Tax-Saving FD Option

Kotak also offers a Tax-Saver Fixed Deposit with a 5-year lock-in period. Investments up to ₹1.5 lakh under this scheme are eligible for deduction under Section 80C of the Income Tax Act, helping you reduce your tax liability while still earning interest.

7. Flexible Payout Options

You can choose how you want your interest to be paid out—monthly, quarterly, or at maturity. This flexibility allows you to plan your cash flow effectively. For example, retirees can opt for monthly payouts to supplement their income, while others may choose cumulative options for wealth building.

8. Online Booking & Management

You can easily open and manage your Kotak FD online via mobile banking or internet banking, without needing to visit the branch. The process is seamless, paperless, and takes just a few minutes—perfect for today’s fast-paced lifestyle.

9. Nomination Facility

Kotak provides the option to nominate a beneficiary, which ensures that in the event of the depositor’s demise, the FD proceeds are transferred to the nominee without legal hurdles.

10. Auto-Renewal & Auto-Closure Options

For added convenience, Kotak allows auto-renewal of your FD so you don’t miss out on interest, and auto-closure options for maturity so that your money is credited back to your account automatically.