Kotak Mahindra Bank RD Calculator

Kotak Mahindra Bank Recurring Deposits Explained

This Kotak RD calculator applies the quarterly compounding Kotak Mahindra Bank uses on each instalment, so the maturity figure above matches the bank’s own working. Kotak has a distinctive origin among Indian private banks: it started as Kotak Mahindra Finance, a non-banking finance company, and in 2003 became the first NBFC in India granted a banking licence by the RBI. It absorbed ING Vysya Bank in 2015, which substantially widened its southern branch network.

Kotak RD Schemes You Can Open

Kotak keeps its recurring range compact, with the choice resting on tenure, instalment size and the linked account:

• •Kotak Recurring Deposit — The standard fixed-instalment account, with tenures from six months to ten years in three-month steps and a low minimum monthly deposit.
• •Kotak 811 linked recurring deposit — The same product funded from an 811 digital savings account, so opening the savings account and the deposit can both be done without a branch visit.
• •Senior Citizen Recurring Deposit — The standard structure with the additional rate benefit Kotak extends to resident depositors aged 60 and above across eligible tenures.

Missed Instalments and Early Closure at Kotak

Kotak RD interest rates are struck once, on the day the deposit opens, and never move while it runs. What a missed month costs you is therefore a fee, not a downgrade — charged per month of delay and squared up either when you resume paying or out of the final settlement. Keep missing and the bank is entitled to wind the deposit up early on the instalments it has received. Choosing to exit before term is a separate calculation: the money is re-rated to the span it was actually invested for, with a penalty deducted from that rate.

How to Check Kotak RD Interest Rates

RD rates change with RBI policy and each bank's own treasury decisions, so no figure is quoted on this page. Take the rate applicable to your tenure from the Kotak Mobile Banking app, Kotak net banking, or a branch, then enter it above alongside your monthly instalment to see the exact maturity value.

What Is Specific to a Kotak RD

• •Kotak was the first NBFC in India to convert into a bank, receiving its licence in 2003 — a lineage no other large private bank shares.
• •The 2015 ING Vysya merger substantially deepened the branch network across Karnataka and the south, where Kotak had been thin.
• •An 811 digital savings account can fund the recurring deposit, making the whole path from onboarding to deposit fully remote.
• •A six-month floor on tenure means a Kotak deposit can be aimed at something only two quarters away, which a twelve-month minimum rules out.

Enter the rate Kotak Mahindra Bank quotes for your chosen tenure above to see the exact maturity value and how the interest accrues year by year.

To compare this against another lender, or against a lump-sum deposit, use the master RD calculator or the fixed deposit calculator.