Find Kotak Mahindra Bank NRE FD Interest Rates (as on 06 Mar 2021). The interest rates for below 1 crore and above 1 crore on fixed deposit depend on which category you fall under and your choice between different banks.

1. Kotak Bank Fixed Deposit Rates Refinance
2. Kotak Bank Fd Rates
3. Kotak Fd Rate

Kotak Mahindra Bank offers NRO Fixed deposit interest rates to NRI customers from 1 year to 5 plus years. Find Kotak Mahindra Bank FD interest for NRO customer from below list.

Senior Citizen Fixed deposits - Open senior citizen fixed deposits at Kotak Mahindra Bank and get high returns on the investments you make with the special option available here for senior citizens. Kotak Mahindra Bank Fixed Deposit. Fixed Deposits in Kotak Mahindra Bank are fixed-income saving tools. The customers can deposit an amount for a definite period and at a predetermined rate of interest. FDs in Kotak Mahindra Bank is a safe medium for investment. Kotak Mahindra Bank, a leading Indian Private Sector bank, deals in fixed deposits to cater the diverse needs of the depositors. These deposit plans are for both existing and new customers. The bank offers the interest rate of up to 6.75% to the general public and 7.25% to the senior citizens. Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank. As per Terms & Conditions of Fixed Deposit Accounts of. Kotak Mahindra Bank FD Rates 2021 Updated on February 24, 2021, 7080 views. Kotak Mahindra Regular Fixed Deposit scheme is for people who have excess funds and want to stable returns out of it.

Kotak Mahindra Bank provides different services to its customers some of them are Home loan,Personal loan,Car loan,Two Wheeler loan, Gold loan. You can get Kotak Mahindra Bank IFSC Code,MICR Code, Swift Code for NEFT, RTGF fund transfer.

Kotak Mahindra Bank NRE FD Interest Rates Rs 1 Crore (as on 06 Mar 2021)

Other Banks NRE FD Interest Rates Rs 1 Crore

Note: Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the bank.

* Recurring Deposit Advice will be dispatched to your registered mailing address with the bank within 3 - 4 working days of opening the RD account

Penalty on delay in payment of RD installment

• In case of delay in payment of any installment post grace period of 5 days, penal interest at the rate of RD interest rate (contracted rate of interest at the time of booking of the RD) + 2% p.a. or such other rate as may be specified by Bank from time to time, will be charged for the month of delay.
• Fraction of a month will be treated as full month for the purpose of calculating such interest.
• Even if the payment for the month is honoured, but the standing instruction towards installment recovery has failed, the Bank will recover a standing instruction failure charge from the current / savings bank account as per General Features and Schedule of Charges (GFSC)
• The total penal interest chargeable shall be recovered from the total amount of interest payable by the bank and shall be recovered only at the time of maturity or premature closure of the account as the case may be.

Kotak Bank Fixed Deposit Rates Refinance

Kotak Bank Fd Rates

Premature Withdrawal of RD

Kotak Fd Rate

• In case of premature closure of this deposit within a month, no interest shall be paid and only principal amount will be returned.
• On premature withdrawal of RD. The interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit remained with the bank or at the contracted rate, whichever is lower post deducting penal charge of 0.5% on premature withdrawal of deposit