Calculators · Savings & Fixed Income
Kotak FD calculator
Use this free Kotak FD calculator to work out the maturity amount and interest on a Kotak Mahindra Bank fixed deposit. Kotak's official FD interest rates and senior citizen rates are preloaded, with monthly interest, premature withdrawal rules and post-tax returns.
What your FD actually earns
Five calculation modes on one engine — cumulative growth, monthly payout, goal sizing, laddering and loan-against-FD. Every mode shows the post-tax and inflation-adjusted figure beside the headline number, because the headline rate is rarely the one you keep.
Worth is independent and is not affiliated with, or endorsed by, Kotak Mahindra Bank. Rates are taken from Kotak Mahindra Bank's official rate card (15 April 2026), checked on 14 October 2026.
The method
How to calculate Kotak FD interest
Kotak Mahindra Bank compounds interest on cumulative fixed deposits quarterly. Pick a tenure in the Kotak FD calculator and it applies that tenure's rate, then shows the maturity amount, total interest and what you keep after tax and inflation.
Kotak FD interest rates (effective 15 April 2026)
| Tenure | General | Senior citizen |
|---|---|---|
| 7 to 30 days | 2.75% | 3.25% |
| 31 to 45 days | 3.00% | 3.50% |
| 46 to 90 days | 3.50% | 4.00% |
| 91 to 179 days | 4.25% | 4.75% |
| 180 to 270 days | 5.50% | 6.00% |
| 271 to 364 days | 6.00% | 6.50% |
| 365 days to under 15 months | 6.50% | 7.00% |
| 15 months to under 2 years | 6.70% | 7.20% |
| 2 years to under 3 years | 6.80% | 7.30% |
| 3 years to under 5 years | 6.40% | 6.90% |
| 5 years to 10 years | 6.25% | 6.75% |
Kotak publishes general rates and a flat 0.50% senior citizen add-on; the senior column applies that add-on.
Kotak Mahindra Bank is one of India's large private sector banks. Its deposits are covered by DICGC insurance up to ₹5 lakh per depositor, principal and interest combined. Banks revise rates without notice, so confirm the rate on your deposit advice and enter it in the calculator.
Worked example: Kotak FD, 3 years, 30% slab
- Deposit
- ₹5,00,000
- Kotak 3-year rate
- 6.40%, compounded quarterly
- Period
- 3 years
- Interest earned
- ₹1,04,915
- Maturity amount
- ₹6,04,915
- Tax on interest (30%, new regime)
- ₹31,475
- Post-tax maturity
- ₹5,73,441
These are the calculator's default inputs on this page, so you can check every figure in the tool.
Key facts
Kotak FD rules: minimum deposit, premature withdrawal and senior citizen rates
Only terms confirmed on the lender's own website are listed. Check your deposit advice for the terms that apply to you.
| Minimum deposit | ₹5,000 |
| Tenure | 7 days to 10 years |
| Senior citizen rate | 0.50% above the general rate, for resident individuals aged 60 and above |
| Premature withdrawal penalty | Nil if closed within 180 days; 0.50% if closed between 181 and 364 days; 1.00% if closed after 365 days or more (deposits from 20 May 2022) |
Source: Kotak Mahindra Bank term deposit rates. Effective: 15 April 2026. Checked by Worth on 14 October 2026. Rates are for deposits below ₹3 crore and can change without notice.
Breaking a Kotak FD early: worked example
- Deposit
- ₹5,00,000
- Booked
- 3 years at 6.40%
- Closed after
- 18 months
- Base rate
- 6.70%
- Penalty
- 1.00%
- Rate applied
- 5.70%
- Interest received
- ₹44,302
- Without the penalty
- ₹52,402
- Cost of the penalty
- ₹8,100
Base rate: the card rate for an 18-month deposit, 6.70%. Assumes Kotak's current card rates and quarterly compounding, before tax. The bank pays the rate for the period the deposit actually ran, minus the penalty.
The essentials
Kotak FD returns: monthly interest, senior citizen rates and comparison
Monthly interest on a Kotak FD
With a monthly payout Kotak FD at the 1-year rate of 6.50%, interest is about ₹542 a month on ₹1 lakh, ₹2,708 on ₹5 lakh and ₹5,417 on ₹10 lakh, before tax. Banks usually pay monthly interest at a slightly discounted rate, so treat these as close estimates. Switch the calculator to Monthly income mode to see the post-tax figure. Payout deposits earn less in total than cumulative ones, because the interest is paid out instead of compounding.
Kotak FD for senior citizens
0.50% above the general rate, for resident individuals aged 60 and above. Tick "Senior citizen" in the calculator and it loads the senior rate for the tenure you pick. For example, ₹10 lakh for 5 years at 6.75% grows to about ₹13.97 lakh. Senior citizens under the old tax regime can also claim the 80TTB deduction on up to ₹50,000 of interest a year, and can submit Form 15H to avoid TDS if their total income is below the taxable limit.
How Kotak FD rates compare, and doubling time
At one year, Kotak Mahindra Bank's 6.50% ranks 5th of the 15 lenders in this calculator; the highest is 7.50% from Unity Small Finance Bank. At five years, Kotak Mahindra Bank's 6.25% ranks 10th of the 15 lenders in this calculator (level with 1 other); the highest is 7.77% from Jana Small Finance Bank. At the 5-year rate of 6.25%, a deposit doubles in about 11.2 years. Rate cards are revised on different dates, so compare like with like in the table below or in the main FD calculator.
Rate comparison
How Kotak FD rates compare with other banks
1, 3 and 5-year general rates from each lender's official rate card, checked on 14 October 2026. Rate cards change on different dates, so the last column shows each one's effective date. The highlighted row is this page's lender.
| Lender | 1 year | 3 years | 5 years | Rate card |
|---|---|---|---|---|
| State Bank of India | 6.25% | 6.30% | 6.05% | 15 Dec 2025 |
| HDFC Bank | 6.25% | 6.45% | 6.40% | 19 Aug 2026 |
| ICICI Bank | 6.25% | 6.45% | 6.50% | 14 Oct 2026 |
| Axis Bank | 6.25% | 6.50% | 6.50% | 30 Sep 2026 |
| Kotak Mahindra Bank | 6.50% | 6.40% | 6.25% | 15 Apr 2026 |
| Punjab National Bank | 6.25% | 6.30% | 6.35% | 1 Jun 2026 |
| Bank of India | 6.25% | 6.25% | 6.00% | No date shown |
| Canara Bank | 6.25% | 6.25% | 6.25% | 17 Mar 2026 |
| Union Bank of India | 6.20% | 6.10% | 6.00% | 4 Aug 2026 |
| Central Bank of India | 6.10% | 6.00% | 6.00% | 10 Aug 2026 |
| Post Office Time Deposit | 6.90% | 7.10% | 7.50% | Oct–Dec 2026 |
| Jana Small Finance Bank | 7.00% | 8.00% | 7.77% | 29 Sep 2026 |
| Equitas Small Finance Bank | 7.00% | 7.00% | 7.00% | 3 Nov 2025 |
| AU Small Finance Bank | 6.35% | 7.40% | 6.75% | 1 Sep 2026 |
| Unity Small Finance Bank | 7.50% | 6.75% | 6.75% | 15 Jul 2026 |
Common questions
Kotak FD Calculator: frequently asked questions
How do I calculate interest on a Kotak FD?
What are the current Kotak FD interest rates?
What is the penalty for breaking a Kotak FD early?
How much monthly interest will I get on ₹1 lakh in Kotak?
What is the minimum deposit for a Kotak FD?
In how many years will a Kotak FD double?
Is a Kotak FD safe?
Is Kotak FD interest taxable?
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