Kotak Bank FD Calculator

Total interest
Deposit amount
Maturiity amount

Factors that Affect Kotak FD Interest Earnings

The Kotak FD maturity amount that you will receive depends upon the following factors:

Rate of Interest: It is the rate at which the returns are compounded on your principal amount, depending on the tenure chosen.

Time period: The investment duration is another important factor based on which the interest rate is decided.

Principal investment amount: It is the crucial deciding factor. The interest is earned on the principal amount, which is the amount that you deposited at the time of opening the FD account.

Compounding frequency: The interest on fixed deposits is compounded in various ways, such as quarterly, monthly, yearly, and half-yearly. This time interval plays a significant role in determining the maturity value upon completion of the tenure of the term deposits.

Kotak Bank FD Term-Wise Interest Rates

FD Term

Interest Rate

Highest slab rate

7.30% (for 23 months to less than 2 years)

For 1 year


For 2 years


For 3 years


For 4 years


For 5 years


Tax-Saving FD


Note: All the above interest rates are updated as of 27 February 2024

How is Kotak Bank FD Interest calculated?

The interest amount can be calculated using the following method

Formula for calculation

A = P (1+r/n) ^ (n x t)

In which,

A = Maturity Amount

P = Principal amount of investment

r = Rate of Interest (in decimals)

n = number of compounding in a year

 t = number of years


Let’s assume you invested Rs 10,000 for five years at an interest rate of 7% per annum compounded quarterly.

A (maturity amount) = 10,000 (1+0.7/4) ^ (4 x 5)

A (maturity amount) = Rs 13,501

Interest amount = Rs 13,501 – Rs 10,000 = Rs 3,501

Kotak FD Interest Payout and Reinvestment

Kotak Bank offers two options for interest payment. First is the interest payout, where the accrued interest is paid to the investor regularly as per the frequency chosen. It could be either paid out on a monthly, quarterly or annual basis.

Second is the reinvestment of interest option, where the interest is not paid immediately but held and reinvested with the original deposit amount. However, this reinvestment is initiated after deducting tax at source (TDS). Reinvestment often results in higher returns because the principal on which interest is calculated is enhanced each time the interest gets accrued.

It is important to note that the FD rates remain the same for both interest payment options. An investor can use the Kotak Bank Fixed Deposit calculator to determine the interest in both options.

Tax on Kotak Fixed Deposit

In case the interest earned by an investor across all your fixed deposits in a year is over Rs 40,000, the bank will deduct tax dedicated at source (TDS) at a rate of 10%.

In addition, in case your Permanent Account Number (PAN) is not updated in the Kotak Bank records, it will deduct twice the TDS, which is at the rate of 20%. 

The account holder also needs to add the interest income across all Kotak Bank FDs and other FDs to their taxable income for the fiscal year. Based upon the income tax slab bracket, tax is payable on this income.

Benefits of using Kotak FD Calculator

  • The Kotak FD interest rates calculator helps you estimate your returns and thus make an informed investment decision.  
  • The interest earned on any fixed deposit is linked to the investment amount, interest rate, compounding frequency, and tenure. To determine which factor affects the maturity amount, you can use a fixed deposit calculator. But you can adjust these factors and compare the results using the Kotak Bank FD calculator.
  • Every bank or financial institution provides a different rate for different types of fixed deposits. Using the calculator helps to easily compare the maturity amount for different banks and financial institutions. 
  • There are other investment alternatives to FD investment tools. Before investing in a FD, compare the returns and interest from other investment alternatives with fixed deposits. This comparison will help you evaluate which investment option is better suited for your investment goals. 
  • You can make the analysis using two different approaches: an initial investment amount approach and the target amount approach. You must invest the correct amount when you have an investment goal in mind. The target amount approach will evaluate what amount of funds you should invest to get the desired wealth after maturity. For instance, if you have a lumpsum amount of money and wish to know the maturity amount, then the investment amount approach is suitable. 
  • Kotak FD calculator also displays a representation of results periodically in years. It provides the opening balance, interest earned and closing amount every year after year. This will aid you in knowing the balance after every interest payout on a real-time basis.

Kotak Mahindra Bank FD Interest Rates


Interest Rate (% pa) 

7-14 Days


15-30 Days


31-45 Days


46-90 Days


91-120 Days


121-179 Days


180 Days


181-269 Days


270 Days


271-363 Days


364 Days


365-389 Days


390 Days (12 months 24 Days)


391 Days to less than 23 months


23 months


23 months 1 Day to less than 2 years


2 years to less than 3 years


3 years to less than 4 years


4 years to less than 5 years


5 years to 10 years


Other Banks FD Calculators:
1. Fixed Deposit (FD) Calculator
2. SBI FD Calculator
3. HDFC Bank FD Calculator
4. Axis Bank FD Calculator
5. ICICI Bank FD Calculator
6. Punjab Bank FD Calculator
7. Canara Bank FD Calculator

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