Bank FD Comparison Tool
Kotak Mahindra Bank vs ESAF Small Finance Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Kotak Mahindra Bank (Private Sector) and ESAF Small Finance Bank (Private Sector).
Kotak
Private Sector
VS
ESAF SFB
Private Sector
Kotak: Min ₹5,000
ESAF SFB: Min ₹1,000
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) -Kotak: % |ESAF SFB: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Kotak
ESAF SFB
Highlighted = Your selected tenure
Feature Comparison
Features | Kotak Private Sector | ESAF SFB Private Sector |
|---|---|---|
Minimum FD Amount | ₹5,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Kotak Mahindra Bank
Private Sector Bank
Key Advantages:
Premium banking experience
Personalized service
Technology-driven
Wealth management focus
High-value customer service
ESAF Small Finance Bank
Private Sector Bank
Key Advantages:
Small Finance Bank with competitive rates
High FD rates up to 7.75% for senior citizens
Focus on financial inclusion
Digital banking services
Online FD booking available
Senior citizen benefits with +0.50% additional interest
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 Kotak (₹5L) + ESAF SFB (₹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 Kotak If:
- •Minimum amount: ₹5,000
- •Private Sector banking preference
- •Premium banking experience
- •Personalized service
- •Technology-driven
Choose ESAF SFB If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Small Finance Bank with competitive rates
- •High FD rates up to 7.75% for senior citizens
- •Focus on financial inclusion
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Compare rates before investing
- •Consider branch convenience
- •Review rates periodically
Explore more FD comparisons
Looking for a different bank matchup? Use these quick links to jump to other FD comparisons.
Compare Kotak with other banks
Compare ESAF SFB with other banks
Ready to Invest in Fixed Deposits?
Use our individual bank calculators for detailed planning