Kotak Bank Recurring Deposit (RD) Calculator
Calculate your monthly deposit returns with Kotak Mahindra Bank Recurring Deposits.
Official Rate Formula & Benchmark:
Kotak Mahindra Bank Recurring Deposits compound interest quarterly on monthly instalments. For a 3-year RD, the 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 RD 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+
RD Accumulation Schedule
| Year | Deposited To Date | Cumulative Interest | Closing Balance |
|---|---|---|---|
| Year 1 | ₹1,20,000 | ₹4,688 | ₹1,24,688 |
| Year 2 | ₹2,40,000 | ₹18,468 | ₹2,58,468 |
| Year 3 | ₹3,60,000 | ₹42,002 | ₹4,02,002 |
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 on monthly instalments
- Auto-debit from Kotak 811 or regular savings
Source: Kotak RD Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Quarterly compounding on monthly instalments.
- 2Automatic debit from Kotak 811 or regular savings account.
Key Factors Influencing Your Rate
- •Senior citizen 0.50% premium
- •Flexible standing instructions
Worked Numerical Example: Kotak Bank RD Calculator
Depositing ₹10,000 monthly for 3 years (36 instalments) at 7.10% p.a. quarterly compounding yields ₹4,02,002 at maturity on total deposits of ₹3,60,000, earning ₹42,002 in interest.
Frequently Asked Questions: Kotak Bank RD Calculator
- Minimum tenure for Kotak RD?
- 6 months.
- Can I open online?
- Yes, via Kotak NetBanking or Mobile App.