Interest Rates:
Term Deposit rates effective from January 21,
2010 (subject to change from time to time)
| INTEREST RATES FOR DOMESTIC / NRO
TERM DEPOSITS |
| |
Regular |
Senior Citizen* |
| Maturity Periods |
Less than Rs.15 lacs# |
Annualised Yield |
Rs. 15 Lacs And Above But Below Rs. 1 Crore# |
Annualised Yield |
Less than Rs.15 lacs# |
Annualised Yield |
Rs. 15 Lacs And Above But Below Rs. 1 Crore# |
Annualised Yield |
| 7 - 14 Days |
No Quote |
No Quote |
2.00% |
2.00% |
No Quote |
No Quote |
2.50% |
2.50% |
| 15 - 30 Days |
2.75% |
2.75% |
2.75% |
2.75% |
3.25% |
3.25% |
3.25% |
3.25% |
| 31 - 45 Days |
3.00% |
3.00% |
3.00% |
3.00% |
3.50% |
3.50% |
3.50% |
3.50% |
| 46 - 90 Days |
3.25% |
3.25% |
3.25% |
3.25% |
3.75% |
3.75% |
3.75% |
3.75% |
| 91 - 180 Days |
3.50% |
3.50% |
3.50% |
3.50% |
4.00% |
4.00% |
4.00% |
4.00% |
| 181 Days to 270 Days |
4.75% |
4.84% |
4.75% |
4.84% |
5.25% |
5.35% |
5.25% |
5.35% |
| 271 Days to less than 1 Year |
5.50% |
5.61% |
5.50% |
5.61% |
6.00% |
6.14% |
6.00% |
6.14% |
| 1 Year & above to 389 Days |
6.00% |
6.14% |
6.00% |
6.14% |
6.50% |
6.66% |
6.50% |
6.66% |
| 390 Days |
6.50% |
6.66% |
6.50% |
6.66% |
7.00% |
7.19% |
7.00% |
7.19% |
| 391 Days & above upto and inclusive of 699 Days |
6.00% |
6.14% |
6.00% |
6.14% |
6.50% |
6.66% |
6.50% |
6.66% |
| 700 Days |
7.00% |
7.19% |
7.00% |
7.19% |
7.50% |
7.71% |
7.50% |
7.71% |
| 701 Days & above but less than 2 Years |
6.00% |
6.14% |
6.00% |
6.14% |
6.50% |
6.66% |
6.50% |
6.66% |
| 2 Years & above but less than 3 Years |
6.75% |
6.92% |
6.75% |
6.92% |
7.25% |
7.45% |
7.25% |
7.45% |
| 3 Years and above but less than 5 years |
6.75% |
6.92% |
6.75% |
6.92% |
7.25% |
7.45% |
7.25% |
7.45% |
| 5 years and above upto and inclusive of 10 years |
6.75% |
6.92% |
No Quote |
No Quote |
7.25% |
7.45% |
No Quote |
No Quote |
* Senior Citizens’ rate is not applicable on NRO deposits
# Simple interest rate
Salient Features:
- No penalty on pre-mature withdrawal
- Overdraft available against Term Deposits
- Option to link Terms Deposit to Current / Savings account available
Rates for monthly interest
payout will be discounted based on the prevailing rates. Please
contact the nearest Kotak Mahindra Bank branch for more information.
For interest rates on deposits of Rs. 1 crore and above, please
get in touch with the nearest Kotak Mahindra Bank branch.
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