What is the highest Kotak Mahindra Bank FD rate for senior citizens?

The highest Kotak Bank Senior Citizen FD rate is 7.30% p.a. for deposits between 2 years to less than 3 years.

Is Kotak Mahindra Bank FD Safe for Senior Citizens?

Kotak Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a Kotak Bank FD?

Yes, the Kotak Mahindra Bank offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a Kotak Bank Senior Citizen FD?

The minimum amount required to open a Kotak Mahindra Bank Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Kotak Mahindra Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Kotak Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Kotak Bank Senior Citizen FD Rates

Name: Kotak Senior Citizen FD Rate
Brand: Interest Rates
Rating: 4.8 (7998 reviews)

Kotak Mahindra Bank offers attractive FD rates for senior citizens ranging from 3.25% to 7.30% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Kotak Mahindra Bank Senior Citizen FD rates and special FD schemes for senior citizens.

Kotak Mahindra Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.30%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available
Loan Against FD	Up to 90% of the fixed deposit amount.

Kotak Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Kotak Mahindra Bank Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
7 - 14 Days	3.25%
15 - 30 Days	3.25%
31 - 45 Days	3.50%
46 - 90 Days	4.00%
91 Days	4.50%
92 Days - 179 Days	4.75%
180 Days	5.50%
181 Days to 269 Days	6.00%
270 Days	6.00%
271 Days to 363 Days	6.50%
364 Days	6.50%
365 Days to less than 15 Months	6.85%
15 Months - less than 18 Months	6.95%
18 months - less than 2 years	7.05%
2 years- less than 3 years	7.30%
3 years and above but less than 4 years	6.90%
4 years and above but less than 5 years	6.90%
5 years and above upto and inclusive of 10 years	6.75%

Kotak Mahindra Bank Senior Citizen FD Rates (Above ₹3 Crore)

Kotak Mahindra Bank offers a separate set of FD interest rates for senior citizens looking to invest more than ₹3 crore, depending on the tenure. Here is a quick breakdown of Kotak bank senior citizen FD rates above 3 crore-

Tenure	Super Senior Citizen FD Rates (per annum)
7 - 14 Days	2.75%
15 - 30 Days	2.75%
31 - 45 Days	3.00%
46 - 90 Days	3.50%
91 Days	4.00%
92 Days - 179 Days	4.25%
180 Days	5.00%
181 Days to 269 Days	5.50%
270 Days	5.50%
271 Days to 363 Days	6.00%
364 Days	6.00%
365 Days to less than 15 Months	6.35%
15 Months - less than 18 Months	6.45%
18 months - less than 2 years	6.55%
2 years- less than 3 years	6.80%
3 years and above but less than 4 years	6.40%
4 years and above but less than 5 years	6.40%
5 years and above up to and inclusive of 10 years	6.25%

ALSO READ: Punjab National Bank Senior Citizen Fixed Deposit Interest Rates

Use the Kotak Bank FD Calculator below to estimate the maturity amount and interest earned on your Kotak Mahindra Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Compare Kotak Mahindra Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Kotak Bank for specific tenures. The table below compares Kotak Mahindra Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Kotak Mahindra Bank	7.30% (2 to less than 3 Years)
Shivalik Small Finance Bank	8.50% (21 to 22 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.45% (3 years)
ICICI Housing Finance	7.35% (48 to 60 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.00% (5 to 10 Years)