Kotak Mahindra Bank pays 6.65% a year on a regular fixed deposit and 7.15% for senior citizens, on its best tenure of 2 to under 3 years. That is the 7th highest of the 12 providers in our best FD rates table — 1.60 percentage points below Suryoday Small Finance Bank at 8.25%.
Rate, senior citizen rate and tenure
| Advertised rate | 6.65% p.a. onwards |
|---|---|
| Senior citizen rate | 7.15% p.a. |
| Best tenure | 2 to under 3 years |
| Bank type | Private bank |
as of 2 October 2026 · Each bank’s own rate page or rate card, deposits below ₹3 crore
What that costs in rupees
On ₹5,00,000 for 5 years, compounded quarterly.
| Interest at 6.65% | ₹1,95,322 |
|---|---|
| After tax at the 30% slab | ₹1,34,381 |
| What you get at maturity, after tax | ₹6,34,381 |
Interest is taxed at your slab rate, so this assumes the top slab plus 4% cess. At a lower slab you keep more. TDS applies once interest crosses the annual threshold.
To run a different amount or tenure, use the FD maturity calculator.
How it compares
Kotak Mahindra Bank is the 7th highest of the 12 providers we track — 1.60 percentage points below Suryoday Small Finance Bank at 8.25%. Among private banks it sits above Axis Bank, HDFC Bank and ICICI Bank, all of which start at 6.50%.
What moves this rate
Private sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
FD interest is taxed at your normal slab rate. There is no special treatment, so the advertised rate is a before-tax figure. At the 30% slab plus 4% cess, roughly a third of it goes in tax. The bank also cuts TDS once your interest crosses the yearly limit — the TDS on FD calculator shows where that threshold falls for you.
Deposit insurance matters more than the last few decimal points of rate. DICGC covers ₹5 lakh per person per bank, including interest. Anything above that in one bank is uninsured, however good the rate looks. Splitting money across banks keeps every rupee covered.
Kotak Mahindra Bank fixed deposit in detail
The Kotak Mahindra Bank fixed deposit interest rate page carries the rates for regular and senior citizen depositors and what you keep after tax.
Other Kotak Mahindra Bank products
| Product | Advertised rate |
|---|---|
| Home loan | from 7.60% |
| Personal loan | from 10.50% |
The Kotak Mahindra Bank home loan page has the full rate band, fee and tenure for that product.
as of 15 August 2026 · Published lender comparisons, cross-checked against our rate table · reported
Related reading
Kotak Mahindra Bank Home Loan
Kotak Mahindra Bank advertises a home loan from 7.60% and publishes a maximum of 9.50% — what that costs in rupees.
17 Sep 2026 · 2 min
Kotak Mahindra Bank Personal Loan
What Kotak Mahindra Bank charges for a personal loan, what it costs in rupees, and how it compares with every other provider we track.
2 Oct 2026 · 2 min