Bank FD Comparison Tool
LIC Housing Finance Limited vs Kotak Mahindra Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between LIC Housing Finance Limited (Private Sector) and Kotak Mahindra Bank (Private Sector).
LIC HFL
Private Sector
VS
Kotak
Private Sector
LIC HFL: Min ₹25,000
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
₹25,000₹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) -LIC HFL: % |Kotak: %
Side-by-Side Rate Comparison
Direct comparison of general rates
LIC HFL
Kotak
Highlighted = Your selected tenure
Feature Comparison
Features | LIC HFL Private Sector | Kotak Private Sector |
|---|---|---|
Minimum FD Amount | ₹25,000 | ₹5,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
LIC Housing Finance Limited
Private Sector Bank
Key Advantages:
Housing Finance Company (HFC) with competitive FD rates
Senior citizens get +0.50% additional interest
Trusted brand backed by LIC
Digital FD booking available
Loan against FD facility
Flexible interest payout options
Minimum deposit: ₹25,000
Maximum deposit: ₹2 Crore
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 LIC HFL (₹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 LIC HFL If:
- •Minimum amount: ₹25,000
- •Private Sector banking preference
- •Housing Finance Company (HFC) with competitive FD rates
- •Senior citizens get +0.50% additional interest
- •Trusted brand backed by LIC
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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