Earn more on your investment
Find out how much you can earn through our Fixed Deposits, identifying the maturity amount and interest earned on your deposit.
We, at Kotak, aim to provide you with a clear picture of what your fixed deposits can yield for you in the long run, thereby leading you to earn more on your investment. The Kotak Mahindra Bank FD calculator not only helps you identify the maturity amount but also shows you the interest earned on your deposit.
How does the Fixed Deposit Calculator work?
The FD Calculator is an easy-to-use tool for calculating how much rate of interest you can earn by investing in a Fixed Deposit for a specific span of time. It just takes filling in the required fields.
Why should you invest in Kotak Mahindra Bank Fixed Deposits?
The Kotak Mahindra Bank FDs offer you a triple benefits advantage, which includes,
So if you are an existing Savings or Current account customer with the Bank, log on to your Netbanking or Mobile Banking and avail a fixed deposit for an amount and tenor of your choice.
Invest in Kotak Mahindra Bank Fixed Deposits and earn assured returns!
You become liable for TDS* when the aggregate interest you earn for all deposits held in a particular customer ID is greater than Rs. 40,000/- (Rs.50,000 in case of senior citizen) in a financial year.
TDS is deducted every time the Bank pays/re-invests interest during the financial year in accordance with the provisions of Income Tax Act as amended from time to time.
When interest amount is insufficient to recover TDS, the same is recovered from the principal of the deposit.
Yes, in case of reinvestment deposits, the interest reinvested is post TDS recovery.
TDS is deducted every time the Bank pays/re-invests interest during the financial year. TDS is also deducted on unpaid interest accrued at the end of financial year viz. 31st March.