Can you provide me the Interest Rates Fixed Deposits effective from 23rd October 2019 for Ing Vysya Bank, now Kotak Mahindra Bank?

One of the most common financial instruments in which people invest their money is fixed deposit (FD). Many people prefer bank FDs over equities as the former are considered safe. The return earned from a bank FD is fixed and known at the time of investing unlike in case of equity.


FD Rates

Interest Rates for Domestic / NRO / NRE Fixed Deposits effective from 23rd October 2019 (Rates are subject to change from time to time)

Maturity Periods Premature Less than Rs.2 Crore Annualised Yield Withdrawal Allowed

7 - 14 Days 3.50% 3.50%

15 - 30 Days 4.00% 4.00%

31 - 45 Days 5.00% 5.00%

46 - 90 Days 5.25% 5.25%

91 - 120 Days 5.50% 5.50%

121 - 179 days 5.60% 5.60%

180 Days 6.00% 6.00%

181 Days to 269 Days 6.10% 6.19%

270 Days 6.10% 6.19%

271 Days to 363 Days 6.25% 6.35%

364 Days 6.50% 6.61%

365 Days to 389 Days 6.50% 6.66%

390 Days (12 months 25 days) 6.60% 6.77%

391 Days - Less than 23 Months 6.50% 6.66%

23 Months 6.50% 6.66%

23 months 1 Day- less than 2 years 6.50% 6.66%

2 years- less than 3 years 6.40% 6.56%

3 years and above but less than 4 years 6.25% 6.40%

4 years and above but less than 5 years 6.25% 6.40%

5 years and above up to and inclusive of 10 years 6.25% 6.40%



Interest Rates for Recurring Deposits

Recurring Deposit rates effective from 23rd October 2019 (subject to change from time to time)

Tenure Interest Rate p.a. ( %) Senior Citizen Rates p.a. ( %)

6 Months 6.10% 6.60%

9 Months 6.25% 6.75%

12 Months 6.50% 7.00%

15 Months 6.50% 7.00%

18 Months 6.50% 7.00%

21 Months 6.50% 7.00%

24 Months 6.40% 6.90%

27 Months 6.40% 6.90%

30 Months 6.40% 6.90%

33 Months 6.40% 6.90%

3 years - less than 4 years 6.25% 6.75%

4 years - less than 5 years 6.25% 6.75%

5 years - 10years 6.25% 6.75%