Kotak Bank FD Calculator

Last Updated 08th Dec 2016
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Kotak Bank
FD Interest Rates

FD Calculator Kotak Bank – Know your maturity amount?

    Read Latest News on Kotak Bank Here
  • Kotak Bank, a leading Private Bank in India offers attractive interest rates upto 6.75% on its fixed deposits.
  • FD maturity amount that you will get depends upon
  • Deposit amount
  • Rate of interest
  • FD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

Kotak Bank Fixed Deposit calculator – FD Options

  • In a periodic interest payout option, Kotak Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Kotak Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

Fixed Deposit calculator Kotak Bank – Will TDS be deducted?

  • In case the interest earned by you across all your fixed deposits across all branches of Kotak Bank in a year exceeds 0, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Kotak Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your FD.
  • Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your Kotak Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • Kotak Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

Kotak Bank FD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of Kotak Bank in your city - Find Kotak Bank Branches here

  • FD Calculator of all banks in India

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News - Dec 2016
02nd Dec 16 Kotak Mahindra Bank cuts MCLR up to 30 basis points
Kotak Mahindra Bank has reduced its six months and one year marginal cost of lending rate to 9.05 and 9.20 percent from 9.20 and 9.45 percent respectively. The bank has reduced its three year lending rate by 30 basis points to 9.25 percent from 9.55 percent earlier. Revised rates are effective from 1st December, 2016.
18th Nov 16 Kotak Mahindra Bank fixed deposit rate cut to 7 percent
Kotak Mahindra Bank has reduced its one year fixed deposits rate by 25 basis points to 7 percent. Fixed deposit rates for two to three years are also reduced by 50 basis points to 6.75 percent from 7.25 percent. The revised rates will be applicable to new deposits and renewal of maturing deposits.
12th Nov 16 Kotak Mahindra Bank gets RBI approval to open branch in Dubai International Finance Centre
Kotak Mahindra Bank received approval from Reserve Bank of India to start its maiden international branch in DIFC (Dubai International Finance Centre). This will be the first international branch of Kotak in DIFC. Kotak already has international offices in London, New York, Texas, California, Dubai, Abu Dhabi, Mauritius and Singapore.
27th Oct 16 Kotak Mahindra Bank net profit in second quarter rises by 43 percent, NPA reduces marginally
Kotak Mahindra Bank reported an increase in its net profit by 43 percent to Rs. 813 crore in the June to September quarter as compared to the net profit of Rs. 570 crore during the same corresponding period a year ago. The gross non performing assets are reduced to 2.49 percent in September as compared to 2.50 percent in June.
04th Oct 16 Kotak Mahindra Bank wins company of the year award in ET Awards for Corporate Excellence Awards
Kotak Mahindra Bank wins the Best Company of the year in ET Awards for Corporate Excellence Awards. The bank won three votes against two. The evolution of the bank remains interesting with services such as stock broking, insurance, currency trading and structured financial products. The latest resilient feather in its cap is the acquisition of ING Vysya, the Dutch Lender Indian Unit, in 2014.
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