Kotak Mahindra Bank Limited FD Rates Calculator for Interest Rate 7.60%

In Kotak Mahindra Bank Limited Fixed Deposit account, a fixed sum of money is deposited for fixed tenure usually for a period from 7 days to 10 years. A higher interest rate is offered on fixed deposits which vary from bank to bank according to the amount deposited and duration of investment. You can get a fixed interest periodically till its whole term or can directly get whole interest along with the principal at the time of maturity. Find latest updated fixed deposit interest rate as on 15 10 2024, offered by each bank.

Banks offer the deposit period in various forms like days, months or years and even the compounding of interest varies from bank to bank which can be monthly, quarterly, half-yearly or yearly.

You can easily calculate the amount of interest earned and maturity amount using following FD calculator. It is to be noted that the result of this calculator will give you an approximate value and only your bank can provide you the exact value.

Kotak Mahindra Bank Limited FD Interest Rates Calculator

Fixed Deposit Calculator

 
 
                       
 
 
Maturity Value (₹)

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Interest Earned (₹)

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How does Kotak Mahindra Bank Limited Fixed Deposit Interest Rate Calculator Work?

Kotak Mahindra Bank Limited Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components:

(1) Deposit Amount

It is an amount which an FD account holder wants to invest in the fixed deposit. It is also called principal. It is to be remembered that this amount can be deposited only once hence you have to decide the amount to be invested according to your investment objectives.

(2) Interest Rate

It is the rate of interest offered by the bank where you open the FD. It differs for different tenures. Once FD is opened for a specific tenure then the interest rate will remain the same for the whole tenure.

(3) Term of Deposit (FD Tenure)

It is the duration for which the amount is invested in an FD which may vary from 7 days to 10 years. In the calculator, you can select the tenure in days, months or year.

(4) Compounding of Interest

Interest can be compounded on monthly, quarterly, half yearly or annual basis. It can be a simple interest as well. You need to enter it based on the offer by the bank.

Top Bank Fixed Deposit Interest Rates (as on 2024)

Bank TenureFD Interest Rate (p.a.)Find Interest RatesCalculate
Ujjivan Small Finance Bank 12 Months8.25%
Equitas Small Finance Bank 12 Months8.20%
Utkarsh Small Finance Bank12 Months8.00%
Indusind Bank12 Months7.50%
Bandhan Bank 12 Months7.25%
Yes Bank12 Months7.25%
Capital Small Finance Bank 12 Months7.15%
Dcb Bank 12 Months7.15%
Standard Chartered Bank12 Months7.15%
Kotak Mahindra Bank 12 Months7.10%
Jammu And Kashmir Bank 12 Months7.10%
Karur Vysya Bank12 Months7.00%
Tamilnad Mercantile Bank 12 Months7.00%
Laxmi Vilas Bank12 Months7.00%
Dbs Bank India 12 Months7.00%
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Disclaimer: The Fixed Deposit Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD.      Source: Bank Websites