Kotak Bank Fixed Deposit (FD) Interest Calculator

The Kotak FD Calculator facilitates every desire in a range of Fixed Deposit products offering terms from 7 days to 10 years at attractive interest rates.

How Does a Kotak Bank FD Calculator Work?

The primary inputs sought by the versatile Kotak Bank FD Calculator are the proposed investment amount, the tenure, type of product, and customer. The online tool is equipped to validate the inputs per the defined FD schemes to calculate the outcome. Needless to say, the applicable interest rate is automatically populated and the results displayed on the monitor show the accrued interest, maturity amount, and the applied interest rate. The user is free to try out varied combinations to make an informed choice.

Interestingly, the interest rate varies on several critical factors like the amount, tenure, FD type, and the customer’s age. The Senior Citizen is entitled to a preferential higher interest rate. Similarly, domestic and NRI customers have separate interest rate regimens. The deposit schemes for domestic and NRI customers are unique. The applied interest to their chosen investment scheme is thus different. However, the Kotak FD Calculator primarily caters to domestic customers, as the government and RBI regulations govern NRI customers. Additionally, NRI account types are dependent on the fund source.

Simple Interest vs. Compound Interest

We have seen how the Kotak FD Calculator helps the investor design a choice Fixed Deposit with the applicable interest rate automatically applied based on the output. But the vast period range necessitates the application of either simple or compound interest, as the case may be. A brief description of them will be of immense academic import to the investor.

• Simple Interest: The principal earns a fixed interest depending on the deposit tenure, size, and customer nature. In simple words, the amount on which the interest is applied remains constant throughout the deposit tenure. Using the variables I (interest), P (principal), N (tenure), and R (interest rate), the following formula calculates the interest.

I = PNR/100 if R is not in decimals.

• Compound Interest: It is slightly more complex, described as an interest-earning interest in non-technical language. It is possible by adding the accrued interest to the principal at the next interest application. The sequence continues over the deposit period, thereby delivering a cumulative maturity amount to the investor.  The variables used are I (interest), P (principal), T (tenure), N (compounding frequency in a year), and R (interest rate). The following formula calculates A, the maturity amount using the same variables. It is pertinent to mention that the Kotak Bank FD Calculator factors in a quarterly compounding frequency.

A = P (1 + R/N) ^ N*T

Having learnt about the types of interest and the impact on the cumulative interest accrual, let us now checkup the interest rates used by the Kotak Bank FD Calculator. 

Bank FD Interest Rates

Bank FD Calculator

NRI-NRE FD Rates

Allahabad Bank FD Interest Rates

Andhra Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

Axis Bank FD Rates

Bajaj Finance FD Interest Rates

Bandhan Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of India FD Interest Rates

Bank of Maharashtra FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

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Capital Small Finance Bank FD Interest Rates

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Citibank FD Interest Rates

City Union Bank FD Interest Rates

Corporation Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

DBS Bank FD Interest Rates

Dena Bank FD Interest Rates

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Equitas Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

HDFC Bank FD Interest Rates

HSBC FD Interest Rates

ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDFC First Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

IndusInd Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

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Muthoot Capital

Nainital Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

PNB FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

RBL Bank FD Rates

Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Travancore FD Interest Rates

Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Yes Bank FD Interest Rates

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Allahabad Bank FD Calculator

Andhra Bank FD Calculator

AU Bank FD Calculator

Axis Bank FD Calculator

Bajaj Finance FD Calculator

Bandhan Bank FD Calculator

Bank of Baroda FD Calculator

Bank of India FD Calculator

Bank of Maharashtra FD Calculator

Canara Bank FD Calculator

Central Bank FD Calculator

Corporation Bank FD Calculator

Equitas Small Finance Bank FD Calculator

HDFC Bank FD Calculator

ICICI Bank FD Calculator

IDBI Bank FD Calculator

IDFC Bank FD Calculator

Indian Bank FD Calculator

Indian Overseas Bank FD Calculator

IndusInd Bank FD Calculator

Karnataka Bank FD Calculator

Karur Vysya Bank FD Calculator

Mahindra Finance FD Calculator

OBC Bank FD Calculator

Odisha Gramya Bank FD Calculator

PNB Bank FD Calculator

SBI FD Calculator

Shriram Finance FD Calculator

Syndicate Bank FD Calculator

Tripura Gramin Bank FD Calculator

UCO Bank FD Calculator

Union Bank FD Calculator

Yes Bank FD Calculator

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HDFC NRE FD Rates

Maybank Malaysia FD Rates

SBI NRI FD Rates

Axis NRI FD Rates

Maybank Singapore FD Rates

Yes Bank NRI FD Rates

The above grids demonstrate that the Kotak Bank FD Calculator is the only option to calculate the interest and the maturity amount factoring in so many variables. 

FD interest have fallen consistently over the last 5 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

Know More

*Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply