Fixed Deposit | Open FD Online with Highest Interest Rates | Kotak

Ready to take the next step?

icon

Frequently Asked Questions

How can I calculate the interest on my fixed deposit?

Access our online FD calculator and enter the amount and fixed interest rate offered to you. You will get the results within seconds. 

Was this information helpful to you? Yes No

What is the rate of interest for fixed deposits with Kotak Bank?

The interest rate for fixed deposits with Kotak Bank varies with maturity period, deposit amount, type of depositor, etc. For instance, the rates are higher for senior citizens compared to residing Indians under the age of 60 years.

Was this information helpful to you? Yes No

What are the minimum amount and maximum amount I can deposit in a fixed deposit?

At Kotak, you can start a fixed deposit with a minimum amount of Rs. 5,000.There isn’t any maximum limit for the fixed deposit amount.

Was this information helpful to you? Yes No

Can I withdraw my FD before maturity?

Yes, we have an option for premature withdrawal from fixed deposit accounts in select cases. 

However, in that case, interest-earned will be lesser than contracted.

Was this information helpful to you? Yes No

At what rate is TDS deducted?

Applicable TDS rates are:

 

Tax Rate

Health and Education Cess

TOTAL

Resident Individuals & HUF

10%

Nil

10%

Corporate Entity

10%

Nil

10%

NRO/ foreign companies

30%

4%

31.2%*

Firms

10%

Nil

10%

 

Disclaimers:
As per section 206AA introduced by Finance (No. 2) Act, 2009 w.e.f. 01.04.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at rate of 20% in case resident individuals and domestic companies and 31.2% (plus surcharge wherever applicable) in case of NRO/ foreign company deposits. Tax laws are subject to change and amendments from time to time which may affect above rates.

*Rate may further be increased by the surcharge wherever applicable.

Was this information helpful to you? Yes No

Related Products
 

Kotak-811-DreamD-Product-mobile-banner-358x201px

811 #DreamDifferent Credit Card

Sweep In Facility - Kotak Mahindra Bank

Sweep-in-facility

Mutual Funds - Kotak Mahindra Bank

Mutual Funds

Related Articles

 

retirement-planning-where-do-i-even-start
fixed-deposit-new-home-page