Kotak Mahindra Bank FD Interest Rates Hiked for These Tenors: 

The new Kotak Mahindra Bank FD rates are applicable for certain tenures with a deposit value of less than Rs 2 crore. 

The Kotak Mahindra Bank FD interest rate hike comes within a month after the RBI increased its repo rates by 50 basis points 

The latest Kotak Mahindra Bank FD rates are applicable to Domestic / NRO / NRE fixed deposit accounts.  

The bank, in its announcement, has said that it has hiked the interest rate by 10 basis points for a tenure of 390 days, from 5.65 per cent to 5.75 per cent. 

Kotak Mahindra Bank bank will now offer an interest rate of 5.75 per cent, up from 5.65 per cent before, on deposits maturing between 391 days to less than 23 months 

180 days - For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent

181 days to 269 days - For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent

365 days to 389 days - For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent

23 months - For General Public: 5.75 per cent; For Senior Citizens: 6.25  per cent

2 years to less than 3 years - For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent

3 years and above but less than 4 years - For General Public: 5.90 per cent; For Senior Citizens: 6.40 per cent

4 years and above but less than 5 years  - For General Public: 5.90 per cent; For Senior Citizens: 6.40 per cent

5 years and above up to and inclusive of 10 years - For General Public: 5.90 per cent; For Senior Citizens: 6.40 per cent