Bank FD Comparison Tool
Kotak Mahindra Bank vs Mahindra Finance Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Kotak Mahindra Bank (Private Sector) and Mahindra Finance (Private Sector).
Kotak
Private Sector
VS
Mahindra Finance
Private Sector
Kotak: Min ₹5,000
Mahindra Finance: 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) -Kotak: % |Mahindra Finance: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Kotak
Mahindra Finance
Highlighted = Your selected tenure
Feature Comparison
Features | Kotak Private Sector | Mahindra Finance Private Sector |
|---|---|---|
Minimum FD Amount | ₹5,000 | ₹5,000 |
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
Mahindra Finance
Private Sector Bank
Key Advantages:
NBFC with CRISIL AAA/Stable and India Ratings IND AAA/Stable ratings
Senior citizens get +0.25% additional interest for Samruddhi Deposits
Senior citizens get +0.10% additional interest for Dhanvruddhi Deposits (up to 5 Cr)
Employees/Employees' relatives get +0.35% additional rate for Samruddhi Deposits (up to 5 Cr)
Additional 0.05% p.a. on all renewal of deposits (w.e.f. 1st June 2025)
Flexible interest payout options: Monthly, Quarterly, Half-yearly, Yearly
Minimum deposit: ₹5,000
Maximum deposit: ₹5 crores
Tenure: 12 to 60 months
Rates effective from 25th June 2025
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) + Mahindra Finance (₹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 Mahindra Finance If:
- •Minimum amount: ₹5,000
- •Private Sector banking preference
- •NBFC with CRISIL AAA/Stable and India Ratings IND AAA/Stable ratings
- •Senior citizens get +0.25% additional interest for Samruddhi Deposits
- •Senior citizens get +0.10% additional interest for Dhanvruddhi Deposits (up to 5 Cr)
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
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