About Kotak
Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai. It is one of the largest private banks in India. The bank was founded as Kotak Mahindra Finance Limited in 1985 and became a full-fledged bank in 2003.
1,900+
Branches
3,200+
ATMs
90,000+
Employees
Kotak Mobile Banking
Mobile App
💵 Savings Account
3.50%
Interest Rate
Minimum Balance Requirements
- Metro/Urban: Rs. 10,000
- Semi-Urban: Rs. 5,000
- Rural: Rs. 2,500
811 Zero Balance Account
Account Features
💰 Fixed Deposit (FD) Interest Rates
| Tenure | Interest Rate |
|---|---|
| 7-14 days | 2.75% |
| 15-30 days | 3.25% |
| 31-45 days | 3.75% |
| 46-90 days | 4.75% |
| 91-179 days | 5.75% |
| 180 days - 1 year | 6.20% |
| 1-2 years | 7.10% |
| 2-3 years | 7.15% |
| 3-5 years | 6.30% |
| 5-10 years | 6.30% |
| Senior Citizen Extra | +0.50% |
* Rates are subject to change. Please verify with the bank before investing.
📈 Recurring Deposit (RD) Interest Rates
| Tenure | Interest Rate |
|---|---|
| 6 months | 5.75% |
| 1 year | 6.20% |
| 2 years | 7.10% |
| 3 years | 6.30% |
| 5 years | 6.30% |
🏠 Loan Interest Rates
Home Loan
8.70% - 9.40%
Processing: 0.50%
Max Tenure: 20 years
Car Loan
8.75% - 10.99%
Processing: 0.50%
Max Tenure: 7 years
Personal Loan
10.99% - 24.00%
Processing: Up to 3%
Max Tenure: 5 years
Education Loan
11.00% - 16.00%
Processing: 1%
Max Tenure: 10 years
Gold Loan
10.00% - 17.00%
Processing: 1%
Max Tenure: 1 year
Loan Against Property
9.00% - 11.50%
Processing: 1%
Max Tenure: 15 years
💳 Credit Cards
Kotak 811
Annual Fee: Free
1% cashback
Kotak Essentia
Annual Fee: Rs. 1,499
4X rewards on dining
Kotak Zen
Annual Fee: Rs. 2,999
Wellness benefits
Kotak League Platinum
Annual Fee: Rs. 1,499
Cricket rewards
📦 Locker Charges & Service Fees
🔐 Locker Annual Rent
- Small: Rs. 3,500/year
- Medium: Rs. 7,500/year
- Large: Rs. 15,000/year
- Extra Large: Rs. 25,000/year
💸 Service Charges
- NEFT (Online): Free
- RTGS (Online): Free
- IMPS: Rs. 2.50 - Rs. 15
- Cheque Book: 25 leaves free
- Debit Card Annual: Rs. 200 - Rs. 500
- SMS Alerts: Free
📞 Customer Care Numbers
Toll Free
1800-266-2666
General Helpline
1800-209-0000
Credit Card
1800-266-2666
NRI Services
1800-222-002
SWIFT Code: ABORINBB
IFSC Format: KKBK0XXXXXX