Kotak Mahindra Bank FD Calculator
Calculate your Fixed Deposit maturity amount based on the latest interest rates.
Understanding Kotak Mahindra Bank Fixed Deposits
Kotak Mahindra Bank offers competitive Fixed Deposit (FD) interest rates, making it a preferred choice for conservative investors looking for guaranteed returns and capital safety. FDs at Kotak come with various tenure options ranging from 7 days to 10 years, allowing flexibility based on your financial goals.
Latest Interest Rates Overview (Indicative)
While interest rates are subject to change, Kotak Mahindra Bank typically offers higher rates for Senior Citizens (usually an additional 0.50%). Below is a general structure of how rates vary by tenure:
| Tenure | Regular Rates (p.a.) | Senior Citizen Rates (p.a.) |
|---|---|---|
| 390 Days to 2 Years | ~7.10% – 7.40% | ~7.60% – 7.90% |
| 2 Years to 3 Years | ~7.00% – 7.15% | ~7.50% – 7.65% |
| 5 Years and Above | ~6.20% | ~6.70% |
How to Use the Kotak FD Calculator
To plan your investment effectively, follow these simple steps:
- Deposit Amount: Enter the principal sum you wish to invest.
- Interest Rate: Enter the prevailing Kotak FD rate for your chosen tenure. Senior citizens should use the applicable higher rate.
- Tenure: Specify the duration in years and months.
- Compounding: Most bank FDs compound quarterly. Our tool allows you to adjust this to see how it affects your maturity value.
Calculation Logic
The calculator uses the compound interest formula for FDs where interest is reinvested:
A = P (1 + r/n)^(nt)
Where:
A = Maturity Amount
P = Principal Amount
r = Annual Interest Rate (decimal)
n = Compounding Frequency per year
t = Tenure in years
Benefits of Investing in Kotak FD
1. Safety: Your deposits are backed by one of India's leading private sector banks and insured by DICGC up to ₹5 Lakhs.
2. Flexible Payouts: Choose between cumulative (interest at maturity) or non-cumulative (monthly/quarterly interest) options.
3. Liquidity: Kotak offers premature withdrawal facilities (subject to terms and conditions) and loan against FD options.