Kotak Mahindra Bank FD interest rates for 1, 2, 3 and 5 years
Last checked 3 November 2026. Rate card from 28 October 2026. Deposits below ₹3 crore.
Kotak Mahindra Bank pays its best rate among these terms on 2 years: 6.75%, or 7.25% for senior citizens. That ranks 14th of 33 banks we track for 2 years. On a 2-year deposit it pays more than SBI (6.40%).
Kotak FD rates by term
| Term | Rate | Senior rate | ₹5 lakh becomes | Rank |
|---|---|---|---|---|
| 1 year Slab: 365 days to less than 15 months | 6.45% | 6.95% | ₹5,33,038 | 14th of 33 |
| 2 years Slab: 2 years to less than 3 years | 6.75% | 7.25% | ₹5,71,624 | 14th of 33 |
| 3 years Slab: 3 years to less than 4 years | 6.40% | 7.00% | ₹6,04,915 | 18th of 33 |
| 5 years Slab: 5 years and above up to 10 years | 6.25% | 6.75% | ₹6,81,770 | 20th of 33 |
Interest compounds every quarter and is paid at maturity, before tax. Source: Kotak Mahindra Bank deposit rates. Each rate is the slab that contains that exact term.
How Kotak compares
- 1 year: the highest rate we track is Ujjivan Small Finance Bank at 7.25%, 0.80 percentage points more. On ₹5 lakh that is ₹4,209 extra.
- 2 years: the highest rate we track is ESAF Small Finance Bank at 7.75%, 1.00 percentage points more. On ₹5 lakh that is ₹11,340 extra.
- 3 years: the highest rate we track is Jana Small Finance Bank at 8.00%, 1.60 percentage points more. On ₹5 lakh that is ₹29,206 extra.
- 5 years: the highest rate we track is Jana Small Finance Bank at 7.77%, 1.52 percentage points more. On ₹5 lakh that is ₹52,872 extra.
Similar banks: Federal Bank (6.55% for 2 years), Axis Bank (6.50% for 2 years), Yes Bank (7.00% for 2 years), RBL Bank (7.00% for 2 years).
Amounts at Kotak
- ₹1 lakh for 2 years at 6.75% becomes ₹1,14,325.
- ₹10 lakh for 2 years at 6.75% becomes ₹11,43,248.
Questions people ask
What is the Kotak FD rate for 1 year?
Kotak Mahindra Bank pays 6.45% a year on a 1-year deposit below ₹3 crore (6.95% for senior citizens). ₹5 lakh grows to ₹5,33,038. The slab is "365 days to less than 15 months".
What is the Kotak FD rate for 2 years?
Kotak Mahindra Bank pays 6.75% a year on a 2-year deposit below ₹3 crore (7.25% for senior citizens). ₹5 lakh grows to ₹5,71,624. The slab is "2 years to less than 3 years".
What is the Kotak FD rate for 3 years?
Kotak Mahindra Bank pays 6.40% a year on a 3-year deposit below ₹3 crore (7.00% for senior citizens). ₹5 lakh grows to ₹6,04,915. The slab is "3 years to less than 4 years".
What is the Kotak FD rate for 5 years?
Kotak Mahindra Bank pays 6.25% a year on a 5-year deposit below ₹3 crore (6.75% for senior citizens). ₹5 lakh grows to ₹6,81,770. The slab is "5 years and above up to 10 years".
Is money in a Kotak FD safe?
Kotak Mahindra Bank is a private bank. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together.
More FD rate pages
1-year FD rates · 2-year FD rates · 3-year FD rates · 5-year FD rates · Senior citizen FD rates · Tax-saver FD rates · All FD rate pages · Post office FD rates · SCSS interest rate