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Kotak Mahindra Bank

Recurring Deposit Calculator

Calculate your Recurring Deposit returns with latest Kotak interest rates. Plan your monthly savings and get accurate maturity amounts.

Highest Rate: 8.15% for Senior Citizens
Best Rate: 7.65% for General Citizens
Min Monthly: ₹500 only
Senior Citizen Benefit: Additional 0.5% on all tenures
Disciplined Savings: Monthly investment habit
Flexible Tenure: 6 months to 10 years
Auto-Debit Available
Premature Closure Allowed
Safe Investment with Guaranteed Returns
Start Your SIP Journey
Premium banking experience
Personalized service
Technology-driven
Wealth management focus
High-value customer service
Highest Rate: 8.15% for Senior Citizens
Best Rate: 7.65% for General Citizens
Min Monthly: ₹500 only
Senior Citizen Benefit: Additional 0.5% on all tenures
Disciplined Savings: Monthly investment habit
Flexible Tenure: 6 months to 10 years
Auto-Debit Available
Premature Closure Allowed
Safe Investment with Guaranteed Returns
Start Your SIP Journey
Premium banking experience
Personalized service
Technology-driven
Wealth management focus
High-value customer service
₹500₹1,00,000

Minimum amount varies by bank (typically ₹100 - ₹500)

Typical RD terms: 6 months to 10 years

%

Current RD rates: 6.0% - 8.0%

Your Tax Slab Rate

Used to calculate actual tax on RD interest

Select 0% if income below ₹3L

New Tax Regime (Budget 2023)

Higher exemption limit (₹3L vs ₹2.5L). Select the rate based on your total annual income.

Important Notes:

• This is your personal income tax rate, not TDS

• TDS (10%) is deducted separately if interest exceeds ₹40,000

• You can claim TDS as advance tax while filing returns

RD Maturity Summary
Premature Closure Analysis
6 months2 years 0 months59 months

Kotak Recurring Deposit Calculator Results

Year-wise breakdown of your monthly investments and returns

Kotak Recurring Deposit Interest Rates

Latest interest rates for different tenures

Current RD Rates
TenureGeneral RateSenior Citizen Rate
1 year
7.4%
7.9%
2 years
7.5%
8%
3 years
7.6%
8.1%
5 years
7.65%
8.15%

Important Notes

  • • Min monthly: ₹500
  • • Penalty: 1% on closure
  • • TDS if interest > ₹40,000
  • • 15 days grace for missed EMI

Key Benefits

  • • Disciplined monthly savings
  • • Higher than savings rates
  • • Auto-debit facility
  • • Loan against RD available

Tax & TDS on Kotak Recurring Deposits

Understanding tax implications and deductions on your RD investments

Tax Deductions Available

Section 80C

Tax-saving RDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C

Senior Citizens

Higher TDS exemption limit of ₹50,000 for citizens above 60 years

• Regular RDs don't qualify for Section 80C deduction

• Interest income is fully taxable as per income tax slab

• Form 15G/15H can be submitted to avoid TDS

• NSC and other alternatives also qualify for 80C

TDS (Tax Deducted at Source)

TDS Rate

10%

Exemption Limit

₹40,000

TDS Calculation

TDS is deducted at 10% if total interest from all RDs with Kotak exceeds ₹40,000 in a financial year

• TDS is calculated on maturity amount

• No TDS on monthly installments

• Form 26AS shows TDS deducted at maturity

• Can be claimed as advance tax while filing ITR

RD Tax Impact Calculator

₹5,000/month RD

At 7.65% for 3 years

24,786

Total Interest

TDS: ₹0

₹10,000/month RD

At 7.65% for 3 years

49,572

Total Interest

TDS: ₹957.2

₹25,000/month RD

At 7.65% for 3 years

123,930

Total Interest

TDS: ₹8,393

Kotak RD at a Glance

Key information and features about Kotak Mahindra Bank Recurring Deposits

Kotak Mahindra Bank logoKotak Quick Info
Best Rate:8.15%
Min Monthly:500
Penalty:1%
Key Features
  • Premium banking experience
  • Personalized service
  • Technology-driven
  • Wealth management focus
  • High-value customer service

Kotak Recurring Deposit FAQs

Everything you need to know about lumpsum investments

The minimum amount required to start a Kotak Mahindra Bank Recurring Deposit is ₹500 per month.