Kotak Mahindra Bank’s best fixed deposit rate is 6.65% p.a. for a regular depositor and 7.15% p.a. for a senior citizen, on a tenure of 2 to under 3 years. Rates vary by tenure, so the headline figure only applies in that band.
The rate
| General | Senior citizen | Best tenure |
|---|---|---|
| 6.65% | 7.15% | 2 to under 3 years |
Checked at source 2 Oct 2026 · Each bank’s own rate page or rate card, deposits below ₹3 crore.
The 0.50% senior-citizen uplift is the single largest lever on this deposit. Where a household holds deposits in more than one name, booking in the eligible name is worth more than moving the money to a different bank at the same tenure.
How it compares
Kotak is the 7th highest of the 12 providers we track on FD rates — 1.60% below Suryoday Small Finance Bank at 8.25%. Among large private banks it is ahead of its peers: HDFC Bank and Axis Bank both sit at 6.50%, so Kotak pays 0.15% more than either on rate alone. The full ranking is on best FD interest rates.
A 1.60% gap against the top of the table is real money over three years, and the usual reason to accept it is that the deposit sits with the bank you already bank with. If that is the trade you are making, make it deliberately: run both rates through the FD maturity calculator at your amount and tenure, and check what the interest costs you after tax with the TDS on FD calculator, because the tax treatment does not change with the bank but the size of the interest does.
Terms change without notice. Confirm the current figures with the lender before you act.