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Kotak Mahindra Fixed Deposit

Kotak Mahindra Bank · Bank Savings & Fixed Deposits

A private bank fixed deposit, including an option for periodic interest payout on selected tenures.

Rate varies by tenure and amount Not published as a number here — it varies by provider, tenure or plan.

Kotak lists rates by tenure with a separate senior-citizen column. Confirm the row that matches your deposit.

Check the official page

Source Kotak Mahindra Bank — fixed deposit rates

www.kotak.com/en/personal-banking/deposits/fixed-deposit.html

The bank's own rate card. This is where you confirm the rate for your tenure and deposit amount.

How it works

Kotak Mahindra Fixed Deposit is a bank deposits product from Kotak Mahindra Bank, in the guaranteed category: fixed by contract. A private bank fixed deposit, including an option for periodic interest payout on selected tenures.

Because the return type is guaranteed, the questions that matter most are: Is the rate fixed for the whole tenure, or revised during it? Who is actually promising to pay, and what happens if they don't?

  • A fixed-term deposit with a known maturity
  • Regular interest income on the payout variant

Key facts

Provider
Kotak Mahindra Bank
Source
Kotak Mahindra Bank — fixed deposit rates ↗ https://www.kotak.com/en/personal-banking/deposits/fixed-deposit.html
Rate
Rate varies by tenure and amount ↗
Category
Bank Savings & Fixed Deposits
Minimum investment
₹1,000 typical minimum; varies by tenure and channel
Tenure
7 days to 10 years
Payout
At maturity, or periodic on selected tenures
Eligibility
Resident individuals, singly or jointly. Senior citizens usually get an additional rate.
Getting your money back
Premature withdrawal allowed with a penalty on the applicable rate.
Protection
Insured by the DICGC up to the statutory limit per depositor per bank.
Tax
Interest is taxable as income from other sources, with tax deducted at source above the threshold.

What can go wrong

  • The advertised rate may apply only to a specific tenure.
  • Early exit reduces the return.
  • Interest is taxed as it accrues.

Before you decide anything

  • Whether the rate you saw applies to your tenure
  • The payout option and how it is taxed

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.

Other products in this category

The same rules and the same kind of trade-offs, described the same way.