Kotak Mahindra Bank Fixed Deposit (FD) Interest Rates

About Kotak Mahindra Bank

As the flagship company of the Kotak Group, Kotak Mahindra Bank is a full-service commercial bank that was launched in 2003. Regarded as one of the fastest growing banks, Kotak Mahindra Bank offers a wide range of products and services from commercial, personal and corporate banking services inclusive of deposit accounts, investments, and loans.

Benefits of Kotak Mahindra Bank Fixed Deposit

• 1. Low Minimum Deposit - You can start a fixed deposit of only ₹5000 on attractive Kotak FD interest rates with tenure options ranging from seven days to 10 years.
• 2. Safe and assured - Kotak Mahindra bank offers a number of advantages ranging from assured returns to availing an overdraft facility against your fixed deposit depending on its tenure. Using the online application to open your account is swift and hassle-free.
• 3. Sweep-in facility - You can avail a sweep-in facility wherein your existing fixed deposit is linked to your savings or current account. This ensures financial flexibility without worrying about running out of funds. You can enjoy high liquidity by withdrawing from your fixed deposit to your savings or current account. You can also link multiple fixed deposits to your savings account. However, only the principal amount of the fixed deposit is considered for the sweep-in facility.