An annualised yield is the actual interest rate you get when you book a Fixed Deposit for more than 181 days and on cumulative (compounding) interest concept.  

Please click https://www.kotak.com/en/personal-banking/Deposits/Fixed-Deposit/Fixed-Deposit-interest-rate.html?cid=answer&source=keya&medium=faq  explore Fixed Deposit interest rates.

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