Check out the Fixed Deposit interest rates here! The terms and conditions of our Partnered website. 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). Kotak Mahindra Bank FCNR FD Interest Rates (as on 07 Apr 2021). 5 cr. and above is at the discretion of the Bank. 5 cr. Please note by login in to the above link and clicking on the “Submit” button, you provide your consent and acceptance to. Fixed Deposit - Get fixed deposits with high interest rates at Kotak Mahindra Bank to earn good returns on your investment. Lock your money in Kotak Mahindra Bank fixed deposit and get the benefit of interest. FCNR Fixed deposit depends on term deposit for example 1 year, 2 years or upto 5 years you deposit your … It makes it possible for the customers to earn a decent income in form of interest on the invested amount. The interest rates is for Domestic/NRO/NRE FDs. Canara Bank has revised interest rates on deposits that are less than … This is to inform that by clicking on the hyper-link, you will be leaving Kotak.com and entering website operated by other parties. NRI Banking Fixed Deposits - Kotak Mahindra Bank Locate your nearest branch or an ATM. Choose from a wide range of Fixed Deposits available at attractive interest rates that guarantee stability of returns, safety & liquidity of your finances. Well, we at Kotak Bank, have got all your needs covered with our 100% customer-centric fixed deposit account. How does the interest rate vary in accordance to the tenure and exact amount? as the highest rate of interest for a tenure of more than 5 years. Kotak Mahindra Bank has revised the interest rate on fixed deposits (FD). 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. Kotak Mahindra Bank offers attractive interest rates on all FD schemes. Yes In case you wish to speak to our phone banking officer for urgent resolution, Be it an enquiry, feedback or a simple suggestion, write to us & we'll get back to you, Kotak Credit Card WebPay - Non Kotak Account, http://www.billdesk.com/pgmerc/kotakcard/, No interest is payable for NRE TDs invested for less than 1 year, For tenure below 181 days interest rate will be calculated as simple interest, Acceptance of deposits of Rs. Some of the key points to be noted here are: What are the benefits of using Fixed Deposit Calculator? Flexibility to choose among the available options for receiving interest – monthly, quarterly or keep it invested till maturity. The FCNR FD interest rates on currency like USD, GBP, EUR ,AUD, CAD, YEN. Kotak Bank FD Interest Rates (INR 10 Crore to INR 25 Crore) Here's a list of Kotak Mahindra FD interest rates for deposits of INR 5 Crore to INR 10 Crore#. Kotak Mahindra Bank, a leading Indian Private Sector bank, deals in fixed deposits to cater the diverse needs of the depositors. Our messaging assistant can quickly solve many issues or direct you to the right person or place. About Kotak Mahindra Bank Fixed Deposit. About Kotak Mahindra Bank Fixed Deposit in Noida. * Recurring Deposit Advice will be dispatched to your registered mailing address with the bank within 3 - 4 working days of opening the RD account, Penalty on delay in payment of RD installment, INTEREST RATES FOR DOMESTIC / NRO / NRE FIXED DEPOSITS - PREMATURE WITHDRAWAL ALLOWED, INTEREST RATES FOR DOMESTIC / NRO / NRE FIXED DEPOSITS - PREMATURE WITHDRAWAL NOT ALLOWED. You can read about the detailed list of fixed deposit interest rates to understand the process further. Just register for ‘Everything Me’ using any of your social media accounts and you are all set. Kotak Mahindra Bank latest FD interest rates ... Kotak Mahindra Bank pays interest rate of 4.6% on FDs maturing in 180 days. Kotak Mahindra Bank FCNR FD Interest Rates (as on 07 Apr 2021). - 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 above. - 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 Fixed Rate: Upto 2.00%: Disclaimer: All Kotak Bank floating rate home loan/Loan against property/Working capital finance is benchmarked to K-MCLR-6M. Such links are provided only for the convenience of the Client and Kotak Mahindra Bank does not control or endorse such websites, and it is not responsible for the information shared by you to PayTM.Proceed. Tax Saving Fixed deposits - Open tax saving fixed deposits at Kotak Mahindra Bank and get high returns on the investments you make with the tax saving option available here. or such other rate as may be specified by Bank from time to time, will be charged for the month of delay. Tax Saving Fixed deposits - Open tax saving fixed deposits at Kotak Mahindra Bank and get high returns on the investments you make with the tax saving option available here. Kotak Mahindra Bank FD interest rates range from 2.50 percent to 5.25 percent on maturities with different tenures. Enjoy Fixed Deposit interest rates as high as 5.00%* with us. The Fixed Deposit Calculator comes to your aid with a host of advantages. 5 cr. Kotak Mahindra Bank FD interest rates range from 2.50% to 5.25% on maturities with different tenures. 3 Senior citizen will get 0.5 % extra on fixed deposit. and above is at the discretion of the Bank. Grab the details of the fixed deposit offered by the bank and apply now. For the term deposits maturing in 180 to 270 days, an interest rate of 6.25% is given by the bank. At your request, you are being re-directed to a third party site - http://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Regular Fixed Deposit rates will be applicable for all customers including Senior Citizen's / Bank Staff - Acceptance of deposits of Rs. Click here to know more about the tax saving fixed deposit interest rates to earn maximum tax benefits. Kotak Mahindra Bank FD Interest Rates: The bank offers attractive Kotak Mahindra FD Interest Rates for their customers. FCNR Fixed deposit depends on term deposit for example 1 year, 2 years or upto 5 years you deposit your money and your choice between different banks. A signed cheque drawn in favour of Kotak Mahindra Bank A/c - (your name) on your existing account in India or abroad AND ... INTEREST RATES FOR NRE FIXED DEPOSITS effective from 8th Aug 2017 (subject to change form time to time) Fixed Deposit Penalty Less Than 1 year: Nil: 1 year and above: 0.50% Interest on Fixed Deposit will be compounded at quarterly rests in case of reinvestment … © Kotak Mahindra Bank. 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. On maturities with different tenures, Kotak Mahindra Bank FD interest rates range from 2.50 percent to 5.25 percent. For the FDs maturing in 271 days to 363 days, the bank offers an interest rate of 6.35% per annum. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them. Kotak Bank Fixed Deposit Features 1 Bank is offering fixed deposit from 7 days to 10 Years. Kotak Mahindra Bank has revised the interest rate on fixed deposits (FD). 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. Kotak Mahindra Bank latest FD interest rates ... Kotak Mahindra Bank pays interest rate of 4.6% on FDs maturing in 180 days. Be it an enquiry, feedback or simple suggestion email us and we'll get back to you. 5 cr (As on 15th October 2019) NRI Banking Fixed Deposits - Kotak Mahindra Bank For FDs maturing in 7 to 30 days, 31 to 90 days and 91 to 179 days, Kotak Mahindra Bank offers an interest rate … - For ActivMoney (2 way sweep deposits) Regular Fixed Deposit rates will be applicable for all customers including Senior Citizen's / Bank Staff - 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 above. Choose the tenure suitable for you that can be anything in the range of 7 days and 10 years. 40,000/- (Rs.50,000 in case of senior citizen) in a financial year. You become liable for TDS* when the aggregate interest you earn for all deposits held in a particular customer ID is greater than Rs. - Above rates are applicable for mentioned dates only and are subject to change without prior notice Click here to know more about the fixed deposit interest rates so that you can pick wisely the fixed deposit that best suits your needs. - No interest will be payable for NRE TDs staying less than 1 year. For Domestic Deposits - Less than Rs. - The calculation of interest is basis 365 days in a non-leap year and 366 days in a leap (calendar) year. Kotak Mahindra Bank FD Rates (Last updated 12h Jan 2021) The following table illustrates the Kotak Bank FD interest rates, as of January 2021 for domestic, NRE Account, and NRO accounts through which premature withdrawal is allowed. Kotak Mahindra RD Rates - Check out the latest Kotak Bank Recurring Deposit interest Rates in India and ensure best returns on your investment. Kotak Mahindra Bank latest FD rates (below ₹ 2 crore) for Senior citizens for maturity between 2 years and 10 years 2 years- less than 3 years 7.30% 3 years and above but less than 4 years 7.25% These deposit plans are for both existing and new customers. Or, someone to assure you maximum growth of all your hard- earned money? These rates are applicable from February 4, 2021. These rates are … Then park your money in Kotak Mahindra Bank’s fixed deposit schemes. Features & Benefits of Kotak Mahindra Bank Fixed Deposit 1. - Acceptance of deposits of Rs. TDS is also deducted on unpaid interest accrued at the end of financial year viz. 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. as may be required or as they may deem fit. Kotak Mahindra Bank FD Rates 2021 Updated on February 24, 2021 , 7080 views. #Simple interest rate and above is at the discretion of the Bank. By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. On premature withdrawal of RD. Kotak Mahindra Bank has revised interest rates of fixed deposits. Low Minimum Deposit - You … The lowest rate of interest is 2.50% p.a. Commercial banks such as SBI, HDFC Bank and Kotak Mahindra Bank revise their interest rates on fixed deposits from time to time. The revised rates came into effect from 5th February 2021 and range from 2.50% to 5.25% for FDs with tenures ranging from 7 days to 10 years. The bank will give 5.10 percent for term deposits maturing in 3 years and above but less than 4 years. Our partnered website downloading /obtaining the comprehensive financial analysis reports from Income Tax, Traces and Ministry of Corporate Affairs Portals and submitting the same to the Bank for the purposes of credit due diligence. Click here to know the details of Kotak Bank RD rates 2021 including the tenure, eligibility, FAQs and select accordingly as per your needs. TDS is deducted every time the Bank pays/re-invests interest during the financial year in accordance with the provisions of Income Tax Act as amended from time to time. Authorise the bank to make any enquiries regarding your repayment history with banks, financial institutions, credit bureaus, agencies, statutory bodies etc. 2 cr to Rs. Why keep your money locked in the safe. Who doesn’t want attractive interest rates; and a customized answer for your very own banking-related requirements? Kotak Mahindra Bank provides interest rates of 2.5 percent, 2.75 … 2 cr (As on 6th September 2019) For Domestic Deposits - Rs. For term deposits maturing in 181 to 363 days, the bank … Fraction of a month will be treated as full month for the purpose of calculating such interest. Please note, this is a soft login and no personal financial data will be saved here for security reasons. You are never too far away from quick, efficient banking services. The following are the important aspects with regard to the same: Deposits must remain with the bank for a minimum of 1 year from the date of booking to earn interest; Withdrawal made after completion of 1 year from the date of booking calls for penalty of 50% applicable to deposits in USD, GBP, AUD and … Flexibility to make a Fixed Deposit of as low as Rs. Check out our Mutual Fund section today. Kotak Mahindra Bank will be offering an interest rate of 5.60% on FDs maturing between 121 and 179 days. Premature withdrawal allowed, interest rates w.e.f- 25th March 2021 Deposit a sum as low as Rs 5,000 to open an FD account with the bank. Some of their most lucrative benefits provide you with the following: Why should you invest in Kotak Bank Fixed Deposits? Kotak Mahindra Bank Fixed Deposit Rates It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below. Everyone is invited. In case of premature closure of this deposit within a month, no interest shall be paid and only principal amount will be returned. After the recent modification on maturities with different tenures, Kotak Mahindra Bank FD interest rates … Kotak Bank FD interest rates range from 2.50% to 4.75% for regular residents Senior citizens get preferential rates at an extra 0.50% across tenure For deposits maturing in 7 days to 1 year, depositors can earn interest of up to 4.50% For 2 years to less than 5 years, customers can earn 4.75% … Kotak Mahindra Bank Recurring Deposit Rate. Get maximum earnings and assured returns on your investment. These deposit plans are for both existing and new customers. TDS is deducted every time the Bank pays/re-invests interest during the financial year. Yes, in case of reinvestment deposits, the interest reinvested is post TDS recovery. Kotak bank offer deposit rates between 2.50% - 5.10% for below ₹2 Cr. Effective from 1st October, 2018.K-MCLR is 7.90% for 6 months. Canara Bank FD interest rates Canara Bank offers an interest rate ranging from 2.95 percent to 5.5 percent for FDs maturing in 7 days to ten years. Never Worry About Running Out of Funds with Kotak, link your fixed deposit to your savings account using the Sweep in facility. Kotak Mahindra Regular Fixed Deposit scheme is for people who have excess funds and want to stable returns out of it.Fixed Deposit of FD refers to an investment avenue which … 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. Regular Fixed Deposit rates will be applicable for all customers including Senior Citizen's / Bank Staff - Acceptance of deposits of Rs. Submit the three years financial statements online to the Bank through our partnered website Finfort. Kotak Mahindra Bank has revised interest rate on fixed deposits (FD) effective today, 7th November. 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. You have logged in to Everything Me successfully, You have logged out from Everything Me successfully. For FDs maturing in 7 to 14 days, 15 to 30 days and 31 to 45 days, Kotak Mahindra Bank … 2 Kotak Mahindra Bank FD Rates 2021 start from minimum 2.5% per annum and maximum 5.30% per annum. Premature withdrawal facility is allowed for NRI fixed deposits by Kotak Mahindra Bank. The FCNR FD interest rates on currency like USD, GBP, EUR ,AUD, CAD, YEN. 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. Deposit the amount in the Kotak Mahindra Bank fixed deposits and reap the benefit of high interest. Click here to know more about the tax saving fixed deposit interest rates to earn maximum tax benefits. The interest rates for fixed deposit varies with respect to the various tenure options that you choose from. *Senior Citizens' rate is not applicable on NRO/NRE deposits - For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as Simple Interest. The bank provides assured returns on the deposits remaining with it for the predetermined tenure. for tenures ranging from 7 days up to 30 days. Note: Available in select banks only. Was this information helpful to you? On booking the deposit with a lump sum amount for a predetermined period the bank pays interest at the fixed rates. Kotak Mahindra Bank gives a 5.25 percent … Kotak Mahindra Bank gives a 5.25 percent … Moneycontrol These rates are applicable from 4 February 2021. Get your 811 #DreamDifferent Credit Card today! 5,000 Flexibility to avail a booking period starting from as low as 7 days to a maximum term of 10 years . 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. This interest is calculated on the deposited amount and is rolled out at the maturity of the plan. A Recurring Deposit (RD) is a guaranteed returns investment wherein you make regular instalments of money in a systematic manner to earn a lump sum amount at the end of the specific period. Bank FD Rates: Currently, the country's biggest lenders, such as SBI and HDFC Bank, provide annual returns up to 5.4-5.5 per cent to the general public, … Apart from Deposits, Mutual Funds and Stock Market are also great investment ideas. For term deposits maturing in 181 to 363 days, the bank pays 4.70%. Therefore, the maturity amount for re-investment deposits varies to the extent of tax and compounding effect on tax for the period subsequent of deduction till maturity. The bank rolls the interest at decent rates to the customers making a deposit with it for the tenure of 7 days to 10 years. By clicking on the link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank, a leading Indian Private Sector bank, deals in fixed deposits to cater the diverse needs of the depositors. The bank offers 5.25% p.a. Kotak Mahindra Bank FD Interest Rates: Check updated Kotak Bank fixed deposit rates & benefits. The bank offers the interest rate of up to 6.75% to the general public and 7.25% to the senior citizens. The bank offers the interest rate of up to 6.75% to the general public and 7.25% to the senior citizens. When interest amount is insufficient to recover TDS, the same is recovered from the principal of the deposit. Be it an article you were reading, a product you were exploring or a journey you left unfinished, starting from where you left off is simpler than you can imagine. The interest rate on fixed deposits has been updated by Kotak Mahindra Bank (FD). 31st March. The interest rate on fixed deposits (FDs) has been updated by Kotak Mahindra Bank, with effect from March 25, 2021. 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. - For ActivMoney (2 way sweep deposits) Regular Fixed Deposit rates will be applicable for all customers including Senior Citizen's / Bank Staff Note: Interest rates are subject to periodic changes. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them. These rates are applicable from February 4, 2021. 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. Kotak Mahindra Bank has updated fixed deposit interest rates. and above is at the discretion of the Bank, The calculation of interest is on basis of 365 days in a non-leap year and 366 days in a leap (calendar) year, deeper insight into the interest rates and its impact, better understanding of the range of tenure options, clear idea about the range of principals that can be invested, approximate calculation of the maturity of your investment. Kotak Cards reserves the right to add/delete banks without prior notice. The interest rate on fixed deposits (FDs) has been updated by Kotak Mahindra Bank, with effect from March 25, 2021. Kotak Mahindra Bank 2 Year Fixed Deposit Rate: 6.75%: Compare 3 month rates in India . No. 5 cr. Note that this table only shows the rates … Achieve capital growth with competitive Kotak Mahindra Bank FD rates. Choose from a wide range of Fixed Deposits available at attractive interest rates that guarantee stability of returns, safety & liquidity of your finances. All rights reserved. Your Money Edited by Sandeep Singh Updated: July 02, 2020 2:28 pm IST - … The applicable interest rates will be offered based on the date and time of receipt of the funds by the bank. Of delay, in case of reinvestment deposits, Mutual Funds and Stock Market are also great ideas! Get maximum earnings and assured returns on the invested amount note: interest to... Pays interest at the discretion of the Bank and apply now be it an enquiry, feedback or suggestion! Pays 4.70 % read about the detailed list of fixed deposits - Kotak Mahindra Bank pays interest rate on deposits! Rates... Kotak Mahindra Bank FCNR FD interest rates to understand the process further - Rs finance benchmarked! As Rs: Check updated Kotak Bank offer deposit rates will be leaving www.kotak.com and entering operated. 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Your hard- earned money today, 7th November will get 0.5 % extra on fixed with. 6.25 % is given by the Bank can quickly solve many issues direct!, CAD, YEN nri fixed deposits with tenure below 181 days, the interest rate interest! Annum and maximum 5.30 % per annum 5.25 percent on maturities with different tenures, Kotak Mahindra Bank revised... Someone to assure you maximum growth of all your hard- earned money,... Of more than 5 years right to add/delete banks without prior notice it invested till maturity rate: Upto %!