Bank FD Comparison Tool
Bajaj Finance vs Kotak Mahindra Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Bajaj Finance (Private Sector) and Kotak Mahindra Bank (Private Sector).
Bajaj Finance
Private Sector
VS
Kotak
Private Sector
Bajaj Finance: Min ₹15,000
Kotak: Min ₹5,000
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹15,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -Bajaj Finance: % |Kotak: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Bajaj Finance
Kotak
Highlighted = Your selected tenure
Feature Comparison
Features | Bajaj Finance Private Sector | Kotak Private Sector |
|---|---|---|
Minimum FD Amount | ₹15,000 | ₹5,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Bajaj Finance
Private Sector Bank
Key Advantages:
NBFC with competitive FD rates
Senior citizens get additional interest (varies by tenure: +0.25% to +0.35%)
CRISIL AAA/Stable and ICRA AAA(Stable) ratings
Digital FD booking available
Loan against FD: Up to 75% of deposit value
Flexible interest payout options (Monthly, Quarterly, Half-Yearly, Annual)
Minimum deposit: ₹15,000, Maximum: ₹3 Crore
Rates effective from 11.06.2025
Kotak Mahindra Bank
Private Sector Bank
Key Advantages:
Premium banking experience
Personalized service
Technology-driven
Wealth management focus
High-value customer service
Important: Fixed Deposit Safety & Insurance Coverage
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between Bajaj Finance (₹5L) + Kotak (₹5L)
For ₹15 lakhs: Add a third bank to the mix
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
Choose Bajaj Finance If:
- •Minimum amount: ₹15,000
- •Private Sector banking preference
- •NBFC with competitive FD rates
- •Senior citizens get additional interest (varies by tenure: +0.25% to +0.35%)
- •CRISIL AAA/Stable and ICRA AAA(Stable) ratings
Choose Kotak If:
- •Minimum amount: ₹5,000
- •Private Sector banking preference
- •Premium banking experience
- •Personalized service
- •Technology-driven
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Compare rates before investing
- •Consider branch convenience
- •Review rates periodically
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