Kotak Mahindra Bank FD Calculator 2026 — Current Interest Rates & Maturity Value
Kotak Mahindra Bank currently offers FD interest rates starting from 7.2% p.a. for regular depositors and 7.7% for senior citizens (May 2026). A ₹5 Lakh deposit for 5 years matures to approximately ₹7.14 L (regular) or ₹7.32 L (senior). Use the calculator below to check maturity for your specific amount and tenure.
Last updated: 24 May 2026, 10:00 AM IST
Maturity Amount
₹7.14 L
at 7.2% for 5 years (quarterly compounding) at Kotak Mahindra Bank
Kotak Mahindra Bank — FD Details
Regular Rate
7.2% p.a.
Senior Citizen Rate
7.7% p.a.
TDS on FD Interest
TDS at 10% on interest exceeding ₹40,000/year (₹50,000 for seniors). Kotak provides digital 15G/15H submission via app and net banking.
Premature Withdrawal
Allowed after 7 days. Penalty: 0.50% below applicable rate. Activmoney sweep-in FDs auto-break from earliest deposit.
Minimum Deposit
₹5,000 (regular), ₹5,000 (tax-saver)
Kotak Mahindra Bank FD — Rates, TDS & Withdrawal Rules
A depositor places ₹5 Lakh in a Kotak Mahindra Bank FD at 7.2% for 5 years with quarterly compounding. The maturity amount is ₹7.14 L, earning ₹2.14 L in interest. For a senior citizen at 7.7%, the same deposit matures to ₹7.32 L — an extra ₹17,750 benefit. Kotak Mahindra Bank's minimum deposit is ₹5,000 (regular), ₹5,000 (tax-saver). On premature withdrawal: allowed after 7 days. Penalty: 0.50% below applicable rate. Activmoney sweep-in FDs auto-break from earliest deposit. Regarding TDS: tDS at 10% on interest exceeding ₹40,000/year (₹50,000 for seniors). Kotak provides digital 15G/15H submission via app and net banking. Always compare rates across tenures — the highest rate may be for a specific tenure (e.g., 1–2 years) rather than the standard 5-year term.
Data Sources
- RBI — Master Direction on Interest Rates (2026) — www.rbi.org.in
- Bank Websites — Latest FD Rates (May 2026) — www.rbi.org.in
- Income Tax Act — TDS on FD Interest (2025) — incometaxindia.gov.in
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Important: This calculator provides estimates based on the inputs and assumptions you provide. Results are mathematical projections, not financial advice or recommendations. Actual outcomes will vary based on market conditions, policy changes, individual circumstances, and factors not captured by this tool. Verify all figures independently and consult qualified professionals before making financial decisions.
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Frequently Asked Questions
What is Kotak Mahindra Bank FD interest rate 2026?
Kotak Mahindra Bank offers FD rates of 7.2% for regular depositors and 7.7% for senior citizens (as of May 2026). Rates vary by tenure — check the rate slab on our FD rates page.
What is the maturity of ₹5 Lakh FD in Kotak Mahindra Bank?
At 7.2% for 5 years (quarterly compounding), ₹5 Lakh matures to approximately ₹7.14 L. Senior citizens at 7.7% get ₹7.32 L.
What is the premature withdrawal penalty at Kotak Mahindra Bank?
Allowed after 7 days. Penalty: 0.50% below applicable rate. Activmoney sweep-in FDs auto-break from earliest deposit.
How is TDS calculated on Kotak Mahindra Bank FD?
TDS at 10% on interest exceeding ₹40,000/year (₹50,000 for seniors). Kotak provides digital 15G/15H submission via app and net banking.
What is the minimum FD amount at Kotak Mahindra Bank?
The minimum FD amount at Kotak Mahindra Bank is ₹5,000 (regular), ₹5,000 (tax-saver).
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Disclaimer
This calculator provides estimates based on the interest rates and tenure shown. Actual maturity may vary based on the bank's specific compounding method and any rate revisions during the tenure. Bank rates are sourced from public data and may not reflect the latest changes — always confirm with your bank before investing. TDS is deducted at source if applicable. This is not financial advice. RupayWise is not a deposit broker or financial advisor.