Kotak Mahindra Bank Domestic Term Deposits FD Scheme

The Kotak Bank Domestic Term Deposits tenure ranges from min 7 Days to max 7 Year 1 Days . The ROI ranges from 2.75% to 7.25 % for the general public. The lock-in period for this scheme is 10 Year 2 Days

Kotak Bank Domestic Term Deposits Scheme for amount ranging from ₹ 10,000 to ₹ 2.0 Cr

The rate of interest for deposited amount ranging from ₹ 10,000 to ₹ 2.0 Cr is as below


Interest Rate for General Public (p.a.)

Interest Rates for Senior Citizens (p.a.)

7 Days Upto 14 Days

2.75% p.a.

3.25% p.a.

15 Days Upto 1 Months

3.00% p.a.

3.50% p.a.

1 Months 1 Days Upto 1 Months 15 Days

3.25% p.a.

3.75% p.a.

1 Months 16 Days Upto 3 Months

3.50% p.a.

4.00% p.a.

3 Months 1 Days Upto 4 Months

4.00% p.a.

4.50% p.a.

4 Months 1 Days Upto 5 Months 29 Days

4.25% p.a.

4.75% p.a.

6 Months 1 Days Upto 8 Months 29 Days

6.00% p.a.

6.50% p.a.

9 Months 1 Days Upto 12 Months 3 Days

6.00% p.a.

6.50% p.a.

1 Year Upto 1 Year 24 Days

7.10% p.a.

7.60% p.a.

1 Year 11 Months 4 Days Upto 2 Year

7.20% p.a.

7.70% p.a.

2 Year Upto 3 Year

7.25% p.a.

7.80% p.a.

3 Year Upto 4 Year 1 Days

7.25% p.a.

7.80% p.a.

4 Year 1 Days Upto 5 Year 1 Months 7 Days

7.15% p.a.

7.65% p.a.

5 Year 1 Months 7 Days Upto 7 Year 1 Days

6.20% p.a.

6.70% p.a.

Upto 9 Months

6.00% p.a.

6.50% p.a.

Upto 12 Months 4 Days

6.50% p.a.

7.00% p.a.

Upto 6 Months

7.00% p.a.

7.50% p.a.

Upto 1 Year 11 Months 4 Days

7.15% p.a.

7.65% p.a.

Key features of Kotak Bank Domestic Term Deposits Scheme

Summary of Kotak Bank Domestic Term Deposits Scheme features :

Mutual Fund Schemes

Domestic Term Deposits


AAA(stable)CRISIL Rating

Lock-in Days

10 Year 2 Days

Loan Against FD


Pre-mature Withdrawal


FD Nominee



7 Days to 7 Year 1 Days

General Public

2.75% to 7.25 %

Senior Citizen

3.25% to 7.80 %


Rs.10,000 to Rs.200,00000

*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.

What is a Kotak Mahindra Bank Domestic Term Deposits FD Scheme?

A fixed-term investment plan or domestic term deposits FD scheme enables you to deposit money into an account for a predetermined period of time and earn interest on your deposits. Given that the word "domestic" is connected, the strategy is primarily for Indian citizens, not for Non-Residents of India (NRIs).

These deposits typically have a set maturity date, anywhere from one week to ten years. Additionally, the deposit's interest rate is entirely dependent on the length of your investment. Based on the type of domestic fixed deposit scheme you invest in, the bank gives you the option of receiving the returns at maturity.

Kotak Mahindra Bank Eligibility Criteria

Before applying for the domestic term deposits FD, it is advisable to check if you are eligible for the deal or not. The following are the eligibility criteria if you wish to invest in the Kotak Mahindra Bank FD.

  • People residing in India
  • Sole Proprietorship
  • Hindu Undivided Families
  • Companies
  • Partnership Firms
  • Trusts

Kotak Mahindra Bank Documents Required

The documents required for investing in Kotak Bank domestic term deposits FD are:

  • Identity proof, such as Aadhaar Card, Passport, PAN Card, Voter ID, etc.
  • Address proof, such as Driving Licence, Aadhaar Card, Passport, Voter ID, etc.
  • Age proof, which may include birth certificate, matriculation certificate, etc.
  • Bank account details
  • Passport-size photographs.

Key Attractions

The key attractions of the Kotak Mahindra Bank FD are:

Kotak Mahindra Bank Interest Rate

The interest rate on Kotak bank term deposits is generally fixed and the bank determines the same by the investment tenure. As a result, market fluctuations won't impact your investment.

Kotak Mahindra Bank Interest Payment Frequency

You can select a non-cumulative periodic interest payment schedule, such as annually, semi-annually, quarterly, or monthly. When the investment period is over, you can also choose cumulative payment.

Kotak Mahindra Bank Tenure

The HDFC Domestic Term Deposits provide a variable investment period. The depositor has seven days to ten years to invest the money. Investors can choose a time that complements their investing goals thanks to flexible investment tenure options.

Kotak Mahindra Bank Insurance

As per the RBI guidelines, the bank needs to insure your deposit for the principal and interest amount as of the liquidation date. Your FD will be insured when the deposit amount is up to 5,00,000. The bank will be liable to the extent of licence cancellation if they fail to provide the same.

Kotak Mahindra Bank Features & Benefits

Kotak Mahindra Bank FD has unique features and benefits that make it more attractive to Indian citizens. These benefits and features of the Kotak Bank’s domestic term deposit FD are:

  • For Indian investors, the Kotak Mahindra Bank Domestic Term Deposit FD plan is one of the safest investment options because there is no chance of capital erosion.
  • Kotak Bank will refund the complete principal sum at the end of the investment term.
  • One can earn higher interest rates on term deposit accounts if one chooses longer investment tenures.
  • The fixed deposit can be initiated with a minimum investment of INR 5,000.
  • The bank allows an investor to employ period term deposits, which provide you with the option of monthly, quarterly, semi-annual, or annual payments to generate additional revenue.
  • One can make premature withdrawals if the need arises.
  • The maximum investment amount in a term deposit FD programme is unrestricted.
  • One can avail of loans up to 75% of the value of the term deposit if they need money right away.
  • A person becomes eligible for insurance protection under the Deposit Insurance and Credit Guarantee Corporation if they make a term deposit of up to INR 5,00,000, per RBI regulations.
  • TDS or Tax Deducted at Source has to be paid on the interest you earn on the deposit following the Income Tax Act of India (under certain conditions).

How to Apply for Domestic Term Deposits FD

Kotak Mahindra Bank understands the importance of a person’s time and the pace of their life. Keeping in mind the requirements of their clients, the bank offers three different methods for people to open their deposit accounts. The various methods and their steps are given below.

Internet Banking

  • Visit the Kotak Mahindra website and enter your customer ID and password to access the net banking interface.
  • Select "Deposits" from the menu area, then select "Fixed Deposit" from the list that appears.
  • You can input the tenure first, then the amount you want to deposit.
  • Include further details and submit the required paperwork.
  • The bank will check the information you supply, and if it is determined that it is accurate, it will permit you to open an FD account with them. After that, you can begin making a monthly payment of the specified amount into your FD account.

Mobile Application

  • On your phone, download the Kotak Mahindra app.
  • Use your login information to log in.
  • Select "Deposits" from the menu area, then select "Fixed Deposit" from the list that appears.
  • Give specifics like the deposit amount, term, etc.
  • Please give more details and upload the required files.
  • The lender will confirm the details, and if they are accurate, you can begin making regular monthly deposits into your FD account.

Offline Method

Bring all the required documentation to the closest Kotak Mahindra location. You will receive assistance from a bank person while you open an FD account. Include the required paperwork with your application. You can open an FD account with the bank if all the information is accurate.

Download Domestic Term Deposits FD Application Form

To download the application form from the Kotak Mahindra Bank website, follow the below-mentioned steps:

  • Visit the official website of Kotak Mahindra Bank.
  • Locate ‘Customer Services’ and click on ‘Download Forms’
  • Choose the form you wish to download


What is Kotak Mahindra Bank Domestic Term Deposit?

Kotak Mahindra Bank Domestic Term Deposit, as per its name, is an investment tool offered to the residents of India by the bank to ensure their financial security by providing interest on a deposit of a certain amount for a specific tenure.

Is Domestic Term Deposits FD tax-free?

If the income generated by the domestic term deposits FD are less than INR 40,000 for regular citizens and INR 50,000 for senior citizens, then the investor will not be liable to pay taxes. Hence, there will be no TDS deduction. The tax is deducted at the source if a large sum is deposited in the FD.

Is it good to invest in Domestic Term Deposits?

A domestic term deposit is a sound investment plan, given the current financial scenario of the country.

What is the minimum tenure for Domestic Term Deposits?

The minimum tenure for domestic term deposits worth less than INR 15 lakhs is 15 days; for deposits worth more than INR 15 lakhs, the minimum tenure is seven days.

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