Tax Saving Fixed Deposit

The Kotak Mahindra Tax Saving Fixed Deposit is for more than just growing your money. It gives you the triple benefit of tax savings, safety and attractive interests, so you can make the most of your idle funds while earning great returns.

With the tax saving fixed deposit, choose to receive interest quarterly or keep it invested till maturity

Save tax under Sec 80C on amounts between Rs.100 and Rs. 1.5 Lakh with tax saving FD at Kotak Bank

Tax saving fixed deposit at Kotak Bank has a booking period of minimum 5 years to maximum 10 years

Premature or partial withdrawals are not permitted for tax saving FD's before lock-in period of 5 years

Interest rates for Tax Saving fixed deposit are applicable as per their normal schedule

You can also avail nomination facility with tax saving fixed deposits at Kotak Bank

TDS applicable on interest earned through tax saving FD's will be as per existing guidelines

Tax saving products for senior citizens are available as well

Frequently Asked Questions

When do I become liable for TDS?

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.

Disclaimers:
* Deposits held by minors are also subject to TDS. The credit for the TDS can be claimed by the person in whose hands the minor's income is included.