Kotak Mahindra Bank FD Calculator
6.2% p.a. (quarterly compounding) - Min deposit Rs. 5,000
Principal
Rs. 5.00 lakh
Example: Rs. 5 lakh
Interest Earned
Rs. 1.01 lakh
Over 3 years
Maturity Amount
Rs. 6.01 lakh
at 6.2% p.a.
Kotak Mahindra Bank FD Rates by Tenure
| Tenure | General Rate | Senior Citizen |
|---|---|---|
| 7-30 days | 3% | 3.5% |
| 31-90 days | 4.5% | 5% |
| 3-6 months | 5.25% | 5.75% |
| 6-12 months | 5.75% | 6.25% |
| 1 year | 6% | 6.5% |
| 2 years | 6.3% | 6.8% |
| 3 years | 6.2% | 6.7% |
| 5 years | 6% | 6.5% |
Indicative rates. Actual rates may differ - verify with Kotak Mahindra Bank before investing.
Kotak Mahindra Bank FD Maturity - Quick Reference (at 6.2%)
| Principal | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| Rs. 1.00 lakh | Rs. 1.06 lakh | Rs. 1.13 lakh | Rs. 1.20 lakh | Rs. 1.36 lakh |
| Rs. 2.50 lakh | Rs. 2.66 lakh | Rs. 2.83 lakh | Rs. 3.01 lakh | Rs. 3.40 lakh |
| Rs. 5.00 lakh | Rs. 5.32 lakh | Rs. 5.65 lakh | Rs. 6.01 lakh | Rs. 6.80 lakh |
| Rs. 10.00 lakh | Rs. 10.63 lakh | Rs. 11.31 lakh | Rs. 12.03 lakh | Rs. 13.60 lakh |
| Rs. 25.00 lakh | Rs. 26.59 lakh | Rs. 28.27 lakh | Rs. 30.07 lakh | Rs. 34.00 lakh |
Customize your FD calculation
Maturity Amount
₹6.07 L
In today's money: ₹5.09 L(6% inflation)
Total Interest
₹1.07 L
Effective Annual Rate
6.66%
Compounding advantage vs simple interest
Year-by-Year Growth
Kotak Mahindra Bank FD - Key Features
- -One of India's top-rated private banks
- -DICGC insured up to Rs. 5 lakh
- -Sweep FD facility available with savings account
- -Senior citizens earn 0.50% additional interest
- -Tax Saving FD available for Section 80C benefit
Kotak Mahindra Bank FD Returns by Amount & Tenure
Maturity value and interest earned at Kotak Mahindra Bank's 1 / 2 / 3 / 5-year card rates (quarterly compounding)
| Deposit | 1 yr @ 6% | 2 yr @ 6.3% | 3 yr @ 6.2% | 5 yr @ 6% |
|---|---|---|---|---|
| Rs. 1.00 lakh | Rs. 1.06 lakh +Rs. 6,136 interest | Rs. 1.13 lakh +Rs. 13,317 interest | Rs. 1.20 lakh +Rs. 20,271 interest | Rs. 1.35 lakh +Rs. 34,686 interest |
| Rs. 5.00 lakh | Rs. 5.31 lakh +Rs. 30,682 interest | Rs. 5.67 lakh +Rs. 66,584 interest | Rs. 6.01 lakh +Rs. 1.01 lakh interest | Rs. 6.73 lakh +Rs. 1.73 lakh interest |
| Rs. 10.00 lakh | Rs. 10.61 lakh +Rs. 61,364 interest | Rs. 11.33 lakh +Rs. 1.33 lakh interest | Rs. 12.03 lakh +Rs. 2.03 lakh interest | Rs. 13.47 lakh +Rs. 3.47 lakh interest |
Assumes quarterly compounding with interest reinvested (cumulative FD). Indicative rates as of 2026-07-15 — verify with Kotak Mahindra Bank before investing.
Senior citizen FD rates at Kotak Mahindra Bank
Depositors aged 60 and above earn an extra 0.5% at Kotak Mahindra Bank. Here is the difference on a ₹5 lakh deposit (quarterly compounding):
| Tenure | General | Senior | Senior maturity | Extra interest |
|---|---|---|---|---|
| 1 year | 6% | 6.5% | Rs. 5.33 lakh | +Rs. 2,619 |
| 2 years | 6.3% | 6.8% | Rs. 5.72 lakh | +Rs. 5,603 |
| 3 years | 6.2% | 6.7% | Rs. 6.10 lakh | +Rs. 8,943 |
| 5 years | 6% | 6.5% | Rs. 6.90 lakh | +Rs. 16,782 |
Best Kotak Mahindra Bank FD tenure right now
Kotak Mahindra Bank's highest FD rate is 6.3% on the 2 years FD, which actually beats its 5-year rate of 6%. A longer lock-in is not automatically better here — match the tenure to your goal. Rates span 6%–6.3% across 1–5 years; note that only the dedicated 5-year tax-saving FD qualifies for Section 80C.
Frequently Asked Questions
What is the Kotak Mahindra Bank FD interest rate in 2026?▾
Kotak Mahindra Bank offers FD rates from about 6% to 6.3% p.a. for 1 to 5-year deposits (general public). The best rate, 6.3%, is on the 2 years FD. Senior citizens earn an extra 0.5% (some banks give up to 0.75% on longer or special tenures). These are indicative card rates as of 2026-07-15 — confirm the live rate with Kotak Mahindra Bank before booking.
Do senior citizens get a higher FD rate at Kotak Mahindra Bank?▾
Yes. Kotak Mahindra Bank adds 0.5% to the general rate for depositors aged 60 and above. On a ₹5 lakh 3 years FD that lifts the rate from 6.2% to 6.7% and the interest from Rs. 1.01 lakh to Rs. 1.10 lakh — about Rs. 8,943 extra on the same deposit.
How much will ₹5 lakh grow in a Kotak Mahindra Bank FD?▾
A ₹5 lakh deposit in a 3 years Kotak Mahindra Bank FD at 6.2% p.a. (quarterly compounding) matures to about Rs. 6.01 lakh, earning Rs. 1.01 lakh in interest. See the maturity table above for ₹1 lakh, ₹5 lakh and ₹10 lakh across 1, 2, 3 and 5-year tenures.
Is Kotak Mahindra Bank FD interest taxable and is TDS deducted?▾
Yes. FD interest is fully taxable and added to your income under "Income from Other Sources", taxed at your slab rate. Kotak Mahindra Bank deducts TDS at 10% once your interest at the bank crosses ₹50,000 in a financial year (₹1 lakh for senior citizens); without a PAN it is 20%. TDS is only advance tax — if your income is below the taxable limit, submit Form 15G (Form 15H for seniors) to stop it, then settle any balance when you file your return.
Can I withdraw a Kotak Mahindra Bank FD before maturity?▾
Yes, most Kotak Mahindra Bank FDs allow premature withdrawal. Interest is then paid at the rate applicable for how long the deposit actually stayed (or the booked rate, whichever is lower), minus a penalty of typically 0.5%–1%. The exception is the 5-year tax-saving FD, which is locked in and cannot be broken early. Enter a shorter tenure in the calculator above to estimate what you would receive.
Cumulative vs monthly-payout Kotak Mahindra Bank FD — which pays more?▾
A cumulative FD keeps the interest inside the deposit and compounds it quarterly, so it pays the most at maturity. A non-cumulative FD pays interest out every month or quarter for regular income, but nothing compounds, so the total is lower. On a ₹5 lakh 3 years FD at 6.2%, the cumulative option earns about Rs. 1.01 lakh versus roughly Rs. 93,000 as plain interest — the extra Rs. 8,353 is the value of compounding. Retirees who need monthly cash flow often still choose the payout option.
Is a Kotak Mahindra Bank FD safe?▾
Kotak Mahindra Bank FDs are insured by the DICGC up to ₹5 lakh per depositor per bank, covering both principal and interest. As an RBI-regulated bank, Kotak Mahindra Bank is a very safe place to park money within that ₹5 lakh limit; spread larger sums across banks to stay fully insured.
Which Kotak Mahindra Bank FD tenure gives the highest return?▾
Kotak Mahindra Bank's highest rate among 1 to 5-year deposits is 6.3% on the 2 years FD. A longer lock-in does not always pay more here — the 2 years FD beats the 5-year rate of 6%, so match the tenure to your goal instead of stretching it.