Kotak Bank Fixed Deposit (FD) Calculator
Calculate your fixed deposit interest returns with Kotak Mahindra Bank using official published interest rates.
Official Rate Formula & Benchmark:
Kotak Mahindra Bank domestic term deposits compound interest quarterly. For a 3-year deposit, the official rate is 7.10% p.a. (7.60% for seniors).
Current official starting rate: 7.10% p.a. (Range: 7.10% – 7.60% p.a.).
Kotak Bank FD Calculator
Interactive calculation engine using official Kotak Bank rates
Senior Citizen Benefit
Kotak Bank offers 7.60% p.a. (+0.50% extra) for age 60+
Deposit Growth Schedule
| Year | Cumulative Interest | Closing Value |
|---|---|---|
| Year 1 | ₹36,456 | ₹5,36,456 |
| Year 2 | ₹75,571 | ₹5,75,571 |
| Year 3 | ₹1,17,538 | ₹6,17,538 |
Rate Verification & Official Notice
7.10% p.a.
7.10% – 7.60% p.a.
fixed RateRBI Repo Linked / Card Rate
Senior Citizens: up to 7.60% p.a.Applicable Conditions & Eligibility Factors:
- Quarterly compounding applied to domestic retail deposits
- Senior citizen 50 bps extra
Source: Kotak FD Rates Card
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Quarterly compounding applied to domestic retail term deposits.
- 2Senior citizens receive an additional 0.50% interest rate.
Key Factors Influencing Your Rate
- •Tenure bucket
- •Senior citizen privilege
Worked Numerical Example: Kotak Bank FD Calculator
A fixed deposit of ₹5,00,000 placed for 3 years at 7.10% p.a. with quarterly compounding matures at ₹6,17,538, earning ₹1,17,538 in cumulative interest.
Frequently Asked Questions: Kotak Bank FD Calculator
- What is Kotak 3-year FD rate?
- 7.10% p.a. for regular depositors and 7.60% for seniors.
- Can I open via Kotak 811?
- Yes, instantly in 2 taps.