Private bank · typically 60 years and above
Kotak Mahindra Bank Senior Citizen rates
The highest senior citizen rate Kotak Mahindra Bank publishes today is 7.30% for 2 to < 3 Years. All 19 published terms are below, exactly as the bank states them.
Effective from 10 Jun 2026 — the date Kotak Mahindra Bank published these rates, not the date we read them.
Published terms
19
distinct rows on the bank’s own rate card
Rate range
3.25% – 7.30%
lowest to highest across all terms
Senior citizen premium
+50 bps
extra rate over the general card, by term
Bank type
Private
as classified by the RBI
Fixed deposit · 18 terms
Source: Kotak Mahindra Bank interest-rate page| Tenure | Senior Citizen rate | General | Premium | Amount | Effective |
|---|---|---|---|---|---|
| 7 to 14 Days | 3.25% | 2.75% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 15 to 30 Days | 3.25% | 2.75% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 31 to 45 Days | 3.50% | 3.00% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 46 to 90 Days | 4.00% | 3.50% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 91 Days | 4.50% | 4.00% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 92 to 179 Days | 4.75% | 4.25% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 180 Days | 5.50% | 5.00% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 181 to 269 Days | 6.00% | 5.50% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 270 Days | 6.00% | 5.50% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 271 to 363 Days | 6.50% | 6.00% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 364 Days | 6.50% | 6.00% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 365 Days to < 15 Months | 6.85% | 6.35% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 15 to < 18 Months | 6.95% | 6.45% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 18 Months to < 2 Years | 7.05% | 6.55% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 2 to < 3 Years | 7.30% | 6.80% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 3 Years to but < 4 Years | 6.90% | 6.40% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 4 Years to but < 5 Years | 6.90% | 6.40% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
| 5 Years to and of 10 Years | 6.75% | 6.25% | +50 bps | ₹5,000 – ₹3 Cr | 10 Jun 2026 |
Other fixed deposits at Kotak Mahindra Bank
Same bank, different rules on breaking the deposit and on tax. Each carries its own rate card, its own effective date, and a link to the page it came from.
Non-callable fixed deposit
Source: Kotak Mahindra Bank interest-rate page — the bank's general rate page, not a dedicated oneCannot be withdrawn before maturity. Banks usually pay more for that, and the minimum is usually higher.
Tax-saver fixed deposit
Source: Kotak Mahindra Bank tax-saver fixed deposit pageQualifies for the Section 80C deduction and carries a 5-year lock-in. It cannot be broken early.
| Tenure | Senior Citizen rate | General | Premium | Amount | Effective |
|---|---|---|---|---|---|
| 5 Years | 6.75% | 6.25% | +50 bps | ₹5,000 – ₹1.50 L | 10 Jun 2026 |
Opening a fixed deposit with Kotak Mahindra Bank
Kotak Mahindra Bank publishes 19 separate terms for senior citizens, starting from ₹5,000. The highest is 7.30% at 2 to < 3 Years.
Read the term column before you commit. Banks price odd terms deliberately — this one lists 7 to 14 Days, and asking for a round number instead can put you in a lower bucket. The rate you get is the one printed against the term you actually book.
You can usually open a deposit inside Kotak Mobile, at a branch, or through net banking. Eligibility, documents and premature-withdrawal penalties are set by Kotak Mahindra Bank and change without notice, so read their deposit terms & conditions. We publish rates, not advice.