Kotak Bank FD Calculator 2023

The Kotak Bank FD calculator is a great alternative to manual calculations, as it estimates returns accurately and in a matter of seconds. Kotak Mahindra Bank is currently offering fixed deposit interest rates in the range of 2.75% to 7.2% for normal investors, and 3.25% to 7.7% for senior citizens. The FD calculator just requires the principal amount, type of deposit, and investment duration to calculate interest and maturity amounts.

Total Investment

Rate of Interest (P.a)


Time Period (Years)

Invested Amount


Est. Returns

Total Value

How to Use Kotak Bank Fixed Deposit Calculator?

The Kotak fixed deposit calculator can help simplify your investment planning process. It is a convenient way to calculate returns on your term deposit investments and work towards your financial goals. Below are the steps:
These steps will generate the maturity amount along with the estimated interest.

Kotak Bank FD Interest and Maturity Amount Calculation Formula

The Kotak FD calculator can compute your investment’s interest and maturity amount. The calculator uses both simple interest and compound interest calculation methods.

The formula below is used for computation using the simple interest method:

Simple Interest = (P * R * T)/100

Here, P is the principal, R is the applicable interest rate, and T is the time for which money remains invested.

Here is an example of the simple interest calculation method:

Suppose the investment amount is ₹60,000 and the investment tenure is 6 years, with a rate of interest of 4% per annum.

Simple interest = (60,000*4*6)/100 = ₹14,400

Amount upon maturity = Principal + Simple Interest = ₹60,000 + 14,400 = ₹74,400

Thus, the investment will yield ₹14,400 as interest, and the maturity amount will be ₹74,400

Alternatively, the FD maturity amount is calculated using the compound interest method. The formula is below:

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

Here, A is the final amount upon maturity, P is the principal invested, r is the interest rate applicable, T is the time period, and n is the number of times compounding happens.

Suppose you invest ₹1,50,000 for 6 years at 4% per annum, compounded semi-annually.

P= Rs.1,50,000

R= 4%

T= 6

N= 2

A = 1,50,000 (1+0.04/2) ^ (2*6)

Maturity Amount = ₹1,90,236

Interest amount = ₹1,90,236 – ₹1,50,000 =₹40,236

Benefits of Using Kotak Bank Fixed Deposit Interest Calculator

The Kotak Bank interest and maturity calculator offers a multitude of advantages, as elaborated below:

Provides rapid and reliable results

Quick, error-free results are the highlight of the Kotak FD Calculator. You can get an idea of the maturity amount and expected interest by inputting details like the investment amount, duration, and type of deposit.

Aids in efficient investment planning

The easy-to-use tool allows you to compare diverse FD rates and duration. This way, you can effectively plan your investments and work towards your financial goals.


Kotak Fixed interest calculator is free to use. All you need is the correct values to access return estimates instantly.

Frequently asked questions

Kotak Bank offers an online FD calculator on its website, which you can use to calculate the interest earned on your fixed deposit. You can also access the calculator on our site. To use the FD calculator, you will need to enter the deposit amount, tenure, and type of deposit. The calculator will then display the estimated maturity value of your FD, along with interest earned.

Yes, you can withdraw your Kotak Bank fixed deposit before maturity, but you may be charged a penalty fee. The penalty fee varies depending on the timing of premature FD withdrawal among other applicable policies.
The minimum deposit amount required for a Kotak Bank fixed deposit is ₹5,000. However, this may vary depending on the type of fixed deposit and the tenure you choose.
The interest rate on a Kotak Bank fixed deposit is determined by various factors, such as the prevailing market rates, the tenure of your deposit, the type of deposit, and the amount you deposit and your age. FDs with longer tenures are likely to come with higher interest rates; also senior citizens usually get preferential rates up to 50 basis points over and above normal rates.
Senior citizens enjoy 0.50% higher interest rates on their deposits with Kotak Bank, depending upon the investment tenure.
Disclaimer : Navi does not guarantee accuracy, completeness, or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained/data generated herein or on its completeness/accuracy. The use of any information set out is entirely at the User’s own risk.


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What is Kotak Bank Fixed Deposit Interest Rate in 2023?

Kotak Bank’s interest rates lie between 2.75% and 7.93%, depending on the tenure and fixed deposit scheme. Below are key highlights of the Kotak Bank fixed deposits:

  • Interest Rate: 2.75% to 7.93%
  • Tenure: 7 days to 10 years
  • Minimum Deposit: ₹5000
  • Maximum Deposit: No upper limit
  • Lock-in Period: Minimal 7 days for normal deposits; 5 years on tax-saving deposits

Ways to Calculate Kotak Bank Fixed Deposit Interest and Maturity Amount

You can calculate interest and maturity amounts using simple and compound interest methods.

To calculate Kotak Bank FD maturity amount and interest via the simple interest method, the following formula applies:

Simple Interest = (Principal amount invested * Rate of interest * Tenure)/100

Suppose you invest Rs. 2,00,000 for a tenure of 3 years at an interest rate of 8% p.a.

Using the formula above, the simple interest amounts to:

Simple Interest = (2,00,000 * 8 * 3) /100 = ₹48,000

Maturity Amount = Principal Amount + Simple Interest = ₹2,00,000 + ₹48,000

Thus, your investment will grow to ₹2,48,000 in 3 years.

The alternative method to calculate FD maturity is via the compound interest method, which applies the following formula:

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

Here, A = Maturity Amount, P = Principal amount invested, r = Rate of Interest, n = Number of compounding in a year, and t = tenure.

For example, if you invest ₹1,50,000 lakh for 7 years at an interest rate of 7.5% p.a. compounded semi-annually. Then, using the formula, the maturity amount becomes:

A = 1,50,000 (1+0.075/2)^(2*7) = Rs. 2,51,145

Interest earned= Maturity Amount – Principal = Rs. 2,51,145 – Rs. 1,50,000 = Rs. 1,01,145

How Can Kotak Bank FD Calculator Help You?

  • Speed and efficiency : The Kotak Fixed Deposit Calculator offers fast and dependable outcomes, ensuring accuracy without any delay.
  • Ease of financial planning: The tool is user-friendly and convenient and aids financial planning by making comparisons based on FD rates and tenures incredibly easy.
  • No payment requirements : The array of benefits offered by the Kotak Bank FD Calculator is completely free of cost, making it accessible to all.

Factors that Can Affect Kotak Bank Fixed Deposit Maturity Amount Calculation

Below are the factors that affect the total interest and maturity amount on your Kotak Bank fixed deposit investments
  • Rate of Interest: The tenure of investment and the scheme determine the interest rate on Kotak Bank fixed deposit. Senior citizens are eligible for higher interest rates.
  • Investment duration: Kotak Bank FD rates vary based on the duration of investment, and thus the maturity amount is also affected by the tenure.
  • Principal invested: The more the amount invested, the higher the interest it attracts. Thus, you must choose the investment amount based on your goals.
  • Investor’s age : Kotak Mahindra Bank usually offers preferential FD interest rates of 50 basis points or 0.5% to senior citizens. A higher interest rate would translate to a bigger FD maturity amount.
Use our quick and accurate Kotak Bank FD calculator to estimate returns on your fixed deposit investment in a hassle-free manner.
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