Kotak FD Calculator | Calculate Fixed Deposit Maturity Amount

Use the Kotak Mahindra Bank FD Calculator to determine the maturity amount for your FD by providing the Invested FD Amount, interest rate (p.a), and tenure details.

Deposit Amount

₹

Rate of Interest (p.a)

0 15

Deposit Period

FD Maturity Date	:
Deposit Amount	: ₹10,000
Interest Amount	: ₹666
Total Amount at Maturity	: ₹10666

Invested Amount Interest Amount

The Kotak Mahindra Bank FD Calculator serves as a valuable tool to determine the potential interest income and total maturity value for deposit amounts and FD tenures. Users can quickly estimate both the interest earned and total maturity value for their fixed deposit by entering the principal amount, FD tenure, and Kotak Mahindra Bank's current interest rates.

The Kotak Mahindra Bank FD Calculator determines the maturity amount with interest compounded on days or a monthly, quarterly, half-yearly, and yearly basis. It provides users with a clear understanding of the expected returns on their term deposit, assisting them in making smart decisions about their financial planning and investment choices.

Kotak Mahindra Bank Fixed Deposit Rates

Kotak Mahindra Bank provides competitive FD rates for domestic, NRO, and NRE deposits below Rs 2 crore. Here is a clear breakdown of the Kotak FD rates:

FD Tenure	Interest Rates (% p.a.) for Regular Individuals	Interest Rates (% p.a.) for Senior Citizens
7 – 14 days	2.75	3.25
15 – 30 days	3.00	3.50
31 – 45 days	3.25	3.75
46 – 90 days	3.50	4.00
91 – 120 days	4.00	4.50
121 – 179 days	4.25	4.75
180 days	7.00	7.50
181 days to 269 days	6.00	6.50
270 days	6.00	6.50
271 days to 363 days	6.00	6.50
364 days	6.50	7.00
365 days to 389 days	7.10	7.60
390 days (12 months 25 days)	7.15	7.65
391 days to less than 23 months	7.20	7.70
23 months	7.25	7.75
23 months 1 day to less than 2 years	7.25	7.75
2 years to less than 3 years	7.10	7.60
3 years to less than 4 years	6.50	7.00
4 years to less than 5 years	6.25	6.75
5 years to 10 years	6.20	6.70

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Note: NRO or NRE Fixed Deposits do not qualify for additional senior citizen interest rates. The minimum tenure for an NRE deposit is 365 days (1 year).

How Can Kotak Mahindra Bank FD Calculator Help?

The Kotak Mahindra Bank FD Calculator comes with benefits that help users to compare, analyze, and obtain accurate estimates of returns based on different combinations of FD interest rates, principal amounts, and tenures. Here’s how the Kotak FD calculator can help you:

Cost-Free: Users can utilize the Kotak Mahindra Bank FD calculator multiple times without paying any charges. It allows you to compare and analyse the returns based on different combinations of FD interest rates, principal amounts, and tenures.
Time-Efficient: Manual calculation of total maturity value is laborious and time-consuming. The Kotak Mahindra Bank FD calculator automates the process, saving time and reducing the likelihood of errors.
Know Your Returns: The calculator provides relatively accurate estimates of total earnings. FD applicants can make informed financial decisions based on these estimates, aligning their investments with cash flows and liquidity requirements.

How to Use Kotak Mahindra Bank FD Calculator?

The FD Calculator from Kotak Mahindra Bank allows users to effortlessly calculate the maturity amount in seconds. It's a user-friendly tool that enables individuals to explore different investment options based on their financial preferences and goals.

Here are the steps to use Kotak Mahindra Bank FD Calculator:

Go to the FD Calculator Page
Provide Details: Enter the principal amount, interest rate, and choose the tenure in days, months, or years.
Check Results: The calculator will promptly generate results, showing the maturity amount based on the provided information.
Discover Options: Users can experiment with various combinations of principal, tenure, and fixed deposit interest rates to formulate an investment strategy in line with their financial goals.

Formula to Calculate Kotak FD Maturity Amount

Choosing Kotak Fixed Deposits provides you with a secure and reliable method for accumulating wealth. It is essential to comprehend the potential returns on these investments for effective financial planning. The Kotak FD Calculator significantly contributes to calculating the maturity amount using the following formula:

A = P [(1 + r/n)nt

where,

A is the maturity amount,

P is the principal amount,

r is the annual interest rate,

n is the number of times interest is compounded per year,

t is the tenure in years.

Suppose you invest ₹5,00,000 in Kotak Fixed Deposit with the following details:

Principal amount (P): ₹5,00,000

Rate of interest (r): 7.25% per annum

Compounding frequency (n): Annual compounding (1 time a year)

Tenure (t): 2 years

Let's substitute these values into the formula:

A = 5,00,000 × (1 + 7.25/100×1)^(1×2)

A = 5,00,000 × (1 + 0.0725)^2

A =5,00,000 × (1.0725) ^2

A ≈ ₹5,75,128/-

So, the approximate FD maturity amount after 2 years would be ₹5,75,128/-

Kotak Mahindra Bank FD Interest Calculation

To understand how interest grows on Kotak Fixed Deposits, depositors should focus on the compound interest formula. It plays a key role in showing how the interest compounds over time, making it important for financial planning. The compound interest formula is expressed as:

C.I = P [{ (1 + r/n)nt} - 1]

Here,

C.I represents the compound interest,

P is the principal amount,

n is the number of times interest is compounded per year,

r is the annual interest rate, and

t is the tenure in years.

Example:

Consider Kotak Fixed Deposit with the following details:

Principal amount (P): ₹5,00,000

Tenure (t): 2 years

Interest compounded annually (n = 1)

Using the compound interest formula:

C.I = (5,00,000(1+ 7.25/100)^2)) −5,00,000

C.I ≈ (5,00,000×(1.0725)^2) −5,00,000

C.I ≈ (5,00,000×1.1480) −5,00,000

C.I ≈ ₹75,128

In this example, a ₹5,00,000 Fixed Deposit, with a 7.25% annual interest rate over 2 years, would generate approximately ₹75,128/- in compound interest. This calculation considers the compounding effect, illustrating the total interest earned on the investment.

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