Fixed Deposit - Online Fixed Deposit Features

Q: How can I calculate the interest on my fixed deposit?

Access our online FD calculator and enter the amount and fixed interest rate offered to you. You will get the results within seconds.

Q: What is the rate of interest for fixed deposits with Kotak Bank?

The interest rate for fixed deposits with Kotak Bank varies with maturity period, deposit amount, type of depositor, etc. For instance, the rates on fixed deposits are higher for resident senior citizen individuals (age 60 years & above) compared to residing Indians under the age of 60 years, exception being FDs made through the feature of ActivMoney or Non-withdrawable FD, whereby senior citizen rate benefit is not offered)

Q: What are the minimum amount and maximum amount I can deposit in a fixed deposit?

At Kotak, you can start a fixed deposit with a minimum amount of Rs. 5,000.There isn’t any maximum limit for the fixed deposit amount.

Q: Can I withdraw my FD before maturity?

Yes, we have an option for premature withdrawal from fixed deposit (Except for tax saving or Non-withdrawable FD) However, As per the Terms & Conditions of the bank for premature withdrawal, interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower, after deducting applicable penal charge for premature withdrawal As per Terms &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 Fixed Deposit Accounts of the Bank, the penal charge on premature closure of Fixed Deposits including partial closure has been fixed by the bank as below on Fixed Deposits booked/ renewed on or after 20th May, 2022. Tenure of Fixed Deposit Penalty Less than equal to 180 days Nil Greater than 180 days to less than or equal to 364 days 0.50% Greater than or equal to 365 days 1.00%

Q: At what rate is TDS deducted?

Applicable TDS rates are: Tax Rate Health and Education Cess TOTAL Resident Individuals & HUF 10% Nil 10% Corporate Entity 10% Nil 10% NRO/ foreign companies 30% 4% 31.2%* Firms 10% Nil 10% Disclaimers: As per section 206AA introduced by Finance (No. 2) Act, 2009 w.e.f. 01.04.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at rate of 20% in case resident individuals and domestic companies and 31.2% (plus surcharge wherever applicable) in case of NRO/ foreign company deposits. Tax laws are subject to change and amendments from time to time which may affect above rates. *Rate may further be increased by the surcharge wherever applicable.

Apply Now

Fixed Deposit(FD) Calculator

Earn more on your investment
Find out how much you can earn through our Fixed Deposits, identifying the maturity amount and interest earned on your deposit.

Type of Customer

Normal Senior Citizen

Type of Fixed Deposit

Date of Fixed Deposit

5-Jul-2017

Amount of Deposit

Minimum Deposit amount should be Rs 5000 and maximum upto Rs 19999999

Select Tenure

Years/Months/Days Days Only

Years

Tenure should be greater than or equal to 6 months and less than or equal to 10 years.

Months

Tenure should be greater than or equal to 6 months and less than or equal to 10 years.

Days

The value entered should be greater than or equal to 0 and less than or equal to 29.

Tenure should be greater than or equal to 6 months and less than or equal to 10 years.

Tenure should be greater than or equal to 3 months and less than or equal to 10 years.

The value entered should be greater than or equal to 7 days and less than or equal to 91 days.

Maturity Value:

Rs. 10,708 INR

Aggregate Interest Amount:

Rs. 708 INR

Rate of Interest

7.25%

Maturity Date

5-Jul-2018

Apply Now

*The amount mentioned in the calculator is an indicative figure.

Please refer the FD/ RD advice to get the exact maturity amount

Here are the easy ways to book your Fixed Deposit

Please click here to View FD Rates

We, at Kotak, aim to provide you with a clear picture of what your fixed deposits can yield for you in the long run, thereby leading you to earn more on your investment. The Kotak Mahindra Bank FD calculator not only helps you identify the maturity amount but also shows you the interest earned on your deposit.

Terms and Conditions

The rates are subject to change from time to time
The rates auto populated are for fixed deposits < 3Cr
Senior Citizens' rate is not applicable on NRO/NRE deposits
The bank will pay interest as per the rates published on the website for the respective dates and tenors
To check the interest rates, please click here

How does the Fixed Deposit Calculator work?

The FD Calculator is an easy-to-use tool for calculating how much rate of interest you can earn by investing in a Fixed Deposit for a specific span of time. It just takes filling in the required fields.

Type of Interest payment on Fixed Deposit of your choice - choose one from the following, as per your suitability:
- Cumulativeis what you should go for in case you prioritize more returns on FD over a regular interest payout
- If opting for Quarterly Payout, you receive the sum of interest at the end of a quarter (3 months)
- Monthly Payout pays you the sum of interest at the end of every month at discounted rate over standard rate
- Short Term Fixed Deposit is suitable for you if you are looking forward to invest your money for any period from 7 days to 180 days.

Amount that you wish to put as one time investment – you can invest any amount of 5,000 INR and above
Date – when you would like to sign up for your investment in Fixed Deposit
Tenure – the duration you would like to invest the amount for; followed by a single tap, to let us cater to your expectations with the exact maturity value, rate of interest, aggregate interest amount and date of maturity right at your fingertips

Why should you invest in Kotak Mahindra Bank Fixed Deposits?

The Kotak Mahindra Bank FDs offer you a triple benefits advantage, which includes,

Safety of investments
Tax-savings under section 80C of upto Rs. 1.5 lakh per financial year
Attractive FD interest rates

So if you are an existing Savings or Current account customer with the Bank, log on to your Netbanking or Mobile Banking and avail a fixed deposit for an amount and tenor of your choice.

Invest in Kotak Mahindra Bank Fixed Deposits and earn assured returns!

Frequently Asked Questions

How can I calculate the interest on my fixed deposit?

Access our online FD calculator and enter the amount and fixed interest rate offered to you. You will get the results within seconds.