Kotak Mahindra Bank hikes FD interest rates on these tenures; these investors can earn 7.75%

Kotak Mahindra Bank offers an interest rate between 2.75% to 7.25% to general citizens and 3.25% to 7.75% for senior citizens. The bank has increased interest rate by 10 bps on 2 years to less than 3 years from 7% to 7.10% and 5 bps increase on tenure of 23 months 1 day to less than 2 years from 7.20% to 7.25%.

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Kotak Mahindra FD interest rates

TenureRegularSenior Citizen*7 — 14 Days2.75%3.25%15 — 30 Days3.00%3.50%31 — 45 Days3.25%3.75%46 — 90 Days3.50%4.00%91 — 120 Days4.00%4.50%121 — 179 days4.25%4.75%180 Days7.00%7.50%181 Days to 269 Days6.00%6.50%270 Days6.00%6.50%271 Days to 363 Days6.00%6.50%364 Days6.50%7.00%365 Days to 389 Days7.10%7.60%390 Days (12 months 25 days)7.15%7.65%391 Days — Less than 23 Months7.20%7.70%23 Months7.25%7.75%23 months 1 Day- less than 2 years7.25%7.75%2 years- less than 3 years7.10%7.60%3 years and above but less than 4 years6.50%7.00%4 years and above but less than 5 years6.25%6.75%5 years and above upto and inclusive of 10 years6.20%6.70%

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Senior citizens FD interest rates

The bank offers interest rates between 3.25% to 7.75% for senior citizens for tenure ranging from 7 days to 10 years.

Kotak Mahindra RD interest rates

TenureInterest Rate p.a. ( %)Senior Citizen Rates p.a. ( %)6 Months6.00%6.50%9 Months6.00%6.50%12 Months7.10%7.60%15 Months7.20%7.70%18 Months7.20%7.70%21 Months7.20%7.70%24 Months7.10%7.60%27 Months7.10%7.60%30 Months7.10%7.60%33 Months7.10%7.60%3 years — less than 4 years6.50%7.00%4 years — less than 5 years6.25%6.75%5 years — 10years6.20%6.70%

Premature Withdrawal of RD

In case of premature closure

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