Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.
Kotak Mahindra Bank (Kotak) is a private sector bank, headquartered in Mumbai, established in 2003. Its headline 1-year FD rate of 6.45% is in line with the private sector average of 6.47%, ranking #707 of 1033 banks on RateScan.in.
Figures marked “approx.” are rounded public estimates as of 2024.
Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.
Rates as of 4 Nov 2026, verified from official source. Scheduled private sector bank: deposits insured by DICGC up to ₹5,00,000.
Every RBI press release since 1 Jan 2024 that names Kotak Mahindra Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
RBI fined the bank ₹61.95 lakh
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Access to Banking Services - Basic Savings Bank Deposit Account’ and ‘Scope of activities to be undertaken of Business Correspondents (BCs)’ and contravention of provisions of Credit lnformation Companies Rules, 2006 (ClC Rules)”
“The bank opened another BSBD account of certain customers who were already holding BSBD account in the bank; The bank entered into an arrangement with BCs for undertaking activities, which are not covered within the scope of activities that can be undertaken by BCs; and The bank furnished inaccurate information, in respect of certain borrowers, to Credit Information Companies (CICs).”
RBI says: “This action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
RBI fined the bank ₹61.40 lakh
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Guidelines on Loan System for Delivery of Bank Credit’ and ‘Loans and Advances – Statutory and Other Restrictions’”
“The bank failed to ensure that the outstanding ‘loan component’ was at least the specified percentage of the sanctioned fund based working capital limit for certain borrowers. The bank did not comply with the margin requirements for intra-day limits to certain stock-brokers.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
2,384 branches in 351 districts
Most branches: Mumbai 141, Delhi 123, Bengaluru Urban 110
From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.
Every rate, tenure by tenure, and what your money grows to.
Changes to Kotak's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 19 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
See Kotak FD rates side by side against India's top banks.
Informational only. Always confirm the current rate on the official Kotak website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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