Can I access my Kotak Mahindra NRE FD account online?

Yes, you can access the Kotak Mahindra Bank NRE fixed deposit account online with phone banking or net banking facilities.

Who is eligible to start a Kotak NRI fixed deposit account?

NRIs and PIOs, Seafarers of Indian origin, Indian Government employees with Diplomat Passports and students pursuing studies in foreign nations are eligible to start an NRI account with Kotak Mahindra Bank.

Does Kotak Mahindra Bank allow premature withdrawal for its NRI fixed Deposits?

Yes, Kotak Mahindra Bank allows premature withdrawal of NRI fixed deposits. However, a penal charge will be applicable for premature withdrawal of fixed deposits booked or renewed after 1stNovember 2012.

How are NRI fixed deposit interest rates calculated by Kotak Mahindra Bank?

The Kotak Mahindra Bank calculates the returns on all FD investments having a tenure of less than 181 days based on simple interest after maturity.

Kotak Mahindra NRE FD Rates - FD Rates for NRI

Stable Money Team

Author Updated on Apr 12, 2025

Share on:

Kotak Mahindra is India’s leading banking and financial services group that brings forth a wide range of services for its customers. Among its diverse portfolio of financial products, Kotak Mahindra Bank is one of the popular providers of NRI fixed deposit schemes for foreign investors.

Kotak NRE FD rates and interest rates for NRO, FCNR and RFC accounts vary on several parameters. This blog presents a detailed overview of Kotak Bank NRI fixed deposit interest rates, its features and benefits.

Kotak Mahindra Bank offers a wide range of fixed deposit schemes to suit the financial plans and requirements of its NRI customers. The schemes have varying rates for deposits below and above ₹2 crores.

What is Kotak Bank NRI Fixed Deposit?

Keep reading to learn more on Kotak Bank NRE, NRO, FCNR and RFC interest rates for non-resident individuals.

Kotak Bank NRI FD Rates

Let’s take a quick look at the varying interest rates of different NRI FD schemes offered by Kotak Mahindra Bank.

Kotak Bank NRE Fixed Deposit Rates under ₹2 Crores

An NRE FD is a type of fixed deposit scheme that allows you to invest from abroad and remit your investment in Indian currency. Take a look at the Kotak Mahindra NRE FD rates for deposits below ₹2 Crores.

Tenure	Interest Rates
365 to 389 days	7.10%
390 days (12 months 25 days)	7.15%
391 days to less than 23 months	7.20%
23 months	7.25%
23 months 1 day to less than 2 years	7.25%
2 years to less than 3 years	7.10%
3 years and above to less than 4 years	6.50%
4 years and above to less than 5 years	6.25%
5 years and above to 10 years	6.20%

Kotak Bank NRE Fixed Deposit Rates above ₹2 Crores

The table below highlights the Kotak Bank NRE FD rates for deposits above ₹2 Crores.

Tenure	Interest Rates
365 days to less than 15 months	7.25%
15 months to less than 18 months	7.25%
18 months to less than 2 years	7.25%
2 years and above but less than 3 years	7.00%
3 years and above but less than 4 years	6.50%
4 years and above but less than 5 years	6.25%
5 years and above up to 7 years	6.25%

Kotak Bank NRO Fixed Deposit Rates under ₹2 Crores

An NRO FD account enables Non-Resident Indians to manage their income receivable from India in the form of a dividend or pension. The table below highlights the Kotak NRO fixed deposit rates applicable to deposits below ₹2 Crores.

Tenure	Interest Rates
7-14 days	2.75%
15-30 days	3.00%
31-45 days	3.25%
46-90 days	3.50%
91-120 days	4.00%
121-179 days	4.25%
180 days	7.00%
181-269 days	6.00%
270 days	6.00%
271-363 days	6.00%
364 days	6.50%
365 – 389 days	7.10%
390 days (12 months 25 days)	7.15%
391 days to less than 23 months	7.20%
23 months	7.25%
23 months 1 day to less than 2 years	7.25%
2 years to less than 3 years	7.10%
3 years and above to less than 4 years	6.50%
4 years and above to less than 5 years	6.25%
5 years and above to 10 years	6.20%

Kotak Bank NRO Fixed Deposit Rates above ₹2 Crores

Take a look at the table below to know the Kotak NRO FD rates for deposits above ₹2 Crores.

Tenure	Interest Rates
7-14 days	4.00%
15-30 days	4.00%
31-45 days	4.50%
46-60 days	4.75%
61 – 90 days	5.25%
91-120 days	5.50%
121 – 179 days	6.00%
180 days	7.00%
181 to 270 days	6.50%
271 – 279 days	5.50%
280 – 364 days	6.75%
365 days to less than 15 months	7.25%
15 months to less than 18 months	7.25%
18 months to less than 2 years	7.25%
2 years and above but less than 3 years	7.00%
3 years and above but less than 4 years	6.50%
4 years and above but less than 5 years	6.25%
5 years and above up to 7 years	6.25%

Kotak Bank FCNR Fixed Deposit Rates

As an NRI, you may also opt for an FCNR Fixed Deposit account that allows you to save your overseas income/savings. The table below provides the Kotak FCNR rates for global currencies like US Dollar, Singapore Dollar, Euro, Great Britain Pound and Australian Dollar for given maturity periods.

Tenure	USD	SGD	EURO	GBP	AUD
1 year	5.80%	4.00%	4.05%	5.65%	4.75%
Less than 1 year to less than 2 years	5.65%	3.85%	3.90%	5.50%	4.60%
2 years to less than 3 years	4.60%	3.05%	2.95%	4.60%	3.95%
3 years to less than 4 years	3.90%	NA	2.35%	3.95%	3.50%
4 years to less than 5 years	3.50%	NA	NA	NA	NA
5 years	3.50%	NA	NA	NA	NA

Kotak Bank RFC Fixed Deposit Rates

Besides Kotak Mahindra Bank FCNR rates and accounts, NRI individuals can also opt for RFC Fixed Deposits. With this, you can earn a high return on funds that you hold in foreign currency. The following table carries the RFC rates for Kotak Bank RFC FD for currencies like US Dollar, Australian Dollar, Great Britain Pound, Singapore Dollar and Euro.

Tenure	USD	AUD	GBP	SGD	EURO
30 days to less than 6 months	0.75%	0.01%	0.45%	0.01%	NA
6 months to less than a year	1.50%	0.01%	1.25%	0.01%	NA
1 year	5.80%	4.75%	5.65%	4.00%	4.05%
More than a year to less than 2 years	5.65%	4.60%	5.50%	3.85%	3.90%
2 years to less than 3 years	4.60%	3.95%	4.60%	3.05%	2.95%
3 years	3.90%	3.50%	3.95%	NA	2.35%

Features and Benefits of Kotak Bank NRI Fixed Deposit

Here are the features and benefits that you can avail by choosing Kotak NRE FD rates.

The minimum amount for NRE and NRO fixed deposit is ₹50,000.
All Kotak Bank NRI FD investments, except RFC deposits, are fully and freely repatriable.
The FD schemes are automatically renewed on maturity.
Both NRIs and PIOs can jointly open the NRE fixed deposit account.

Conclusion

With the above NRI FD rates offered by Kotak Mahindra Bank, you can start your FD investment journey and earn high-yielding returns. However, it is important to note that the Kotak NRE FD rates are subject to change over time. Therefore, consider checking the interest rates before starting your investment.