Federal vs Kotak FD Rates October 2026

Federal offers up to 6.70% p.a. · Kotak up to 6.65% p.a. · Side-by-side across all tenures, general & senior citizen rates.

FD Rate Comparison — All Tenures

Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.

1-year FD winner Federal 6.40% vs 6.35%
Savings account Kotak
Tenure Federal Kotak
GeneralSenior GeneralSenior
6 months 5.50% 6.00% 5.50% 6.00%
1 year 6.40% 6.90% 6.35% 6.85%
2 years 6.50% 7.00% 6.65% 7.15%
3 years 6.50% 7.00% 6.40% 6.90%
5 years 6.40% 6.90% 6.25% 6.75%

Rates for retail deposits below ₹3 crore. Senior citizen rate typically +0.25–0.50% p.a. Green cells show the higher general rate for each tenure. Calculate your maturity amount →

Savings Account Rates

Federal
—
vs
Kotak
2.50% p.a.

Which bank should you choose?

Both Federal and Kotak are private sector banks with strong digital banking platforms and widespread branch networks. Federal holds a slim rate advantage right now. For most depositors the difference is modest; branch proximity and existing banking relationships are equally worth weighing.

This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.

About These Banks

Federal Bank

Type
Private Sector Bank
HQ
Aluva, Kochi
Est.
1931
Best FD rate
6.70% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Federal deposit rates →

Kotak Mahindra Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
2003
Best FD rate
6.65% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Kotak deposit rates →

Frequently Asked Questions

Which bank gives a higher FD interest rate — Federal Bank or Kotak Mahindra Bank?

Federal Bank currently offers a higher maximum FD rate of 6.70% p.a., compared to 6.65% p.a. from Kotak Mahindra Bank (as of 1 Oct 2026).

What is Federal Bank's current 1-year FD interest rate?

Federal Bank offers 6.40% p.a. for general depositors on 1-year FDs, and 6.90% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Federal Bank's official website before investing.

What is Kotak Mahindra Bank's current 1-year FD interest rate?

Kotak Mahindra Bank offers 6.35% p.a. for general depositors on 1-year FDs, and 6.85% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Kotak Mahindra Bank's official website before investing.

Are fixed deposits with Federal Bank and Kotak Mahindra Bank safe?

Yes. Both Federal Bank and Kotak Mahindra Bank are regulated by the Reserve Bank of India (RBI). Deposits at both banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000 per depositor per bank, covering principal and interest combined. Amounts above ₹5 lakh are not covered by deposit insurance.

Do Federal Bank and Kotak Mahindra Bank offer higher FD rates for senior citizens?

Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Federal Bank's 1-year senior rate: 6.90% p.a. Kotak Mahindra Bank's 1-year senior rate: 6.85% p.a.

What is the highest FD rate available between Federal Bank and Kotak Mahindra Bank?

The highest rate between the two is 6.70% p.a. from Federal Bank for the 48 months tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).