Kotak Mahindra Bank FD tenors range between 7 days to 10 years and earn interest rates in the range of 2.5%-6.1% for regular investors, and in the range of 3%-6.6% for senior citizens.
Latest FD Interest Rate
recurring deposit
Source: Bank’s website
How to Calculate Return from Fixed Deposit?
According to Kotak Mahindra Bank website, “Kotak FD Return Calculator is the easiest way to calculate your returns in no time. It only takes the following inputs from you:
Interest Payment Mode – You get to choose from 4 options – Cumulative, Quarterly Payout, Monthly Payout and Short Term FD
Deposit Amount – How much amount you would like to invest
Tenure – After how much time you would like to get the maturity amount
As soon as you fill in the fields mentioned above, the FD calculator shows you the maturity amount, interest rate and total interest value instantly.”
TDS certificate by bank
As per Kotak Mahindra Bank FAQ page, “TDS certificate in Form 16A, if available, will be sent by the bank to your registered email id. In case the registered email id is not available, it will be sent to your registered address by post/courier. TDS certificate can also be downloaded by logging into your net banking account.