Bank FD Comparison Tool
Dhanlaxmi Bank vs Kotak Mahindra Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Dhanlaxmi Bank (Private Sector) and Kotak Mahindra Bank (Private Sector).
Dhanlaxmi Bank
Private Sector
VS
Kotak
Private Sector
Dhanlaxmi Bank: Min ₹1,000
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
₹5,000₹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) -Dhanlaxmi Bank: % |Kotak: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Dhanlaxmi Bank
Kotak
Highlighted = Your selected tenure
Feature Comparison
Features | Dhanlaxmi Bank Private Sector | Kotak Private Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹5,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Dhanlaxmi Bank
Private Sector Bank
Key Advantages:
Private sector bank
Competitive interest rates
Digital banking services
Online FD booking facility
Senior citizens get +0.50% additional interest for deposits of 1 year and above
Special schemes: 300 Days, 370 Days
Rates effective from 28.11.2025
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 Dhanlaxmi Bank (₹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 Dhanlaxmi Bank If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Private sector bank
- •Competitive interest rates
- •Digital banking services
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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