ICICI vs Kotak FD Rates October 2026

ICICI offers up to 6.50% 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 Kotak 6.25% vs 6.35%
Savings account Equal 2.50% vs 2.50%
Tenure ICICI Kotak
GeneralSenior GeneralSenior
6 months 4.50% 5.00% 5.50% 6.00%
1 year 6.25% 6.75% 6.35% 6.85%
2 years 6.30% 6.80% 6.65% 7.15%
3 years 6.45% 6.95% 6.40% 6.90%
5 years 6.50% 7.10% 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

ICICI
2.50% p.a.
vs
Kotak
2.50% p.a.

Which bank should you choose?

Both ICICI and Kotak are private sector banks with strong digital banking platforms and widespread branch networks. Kotak 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

ICICI Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
1994
Best FD rate
6.50% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
ICICI 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 — ICICI Bank or Kotak Mahindra Bank?

Kotak Mahindra Bank currently offers a higher maximum FD rate of 6.65% p.a., compared to 6.50% p.a. from ICICI Bank (as of 1 Oct 2026).

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

ICICI Bank offers 6.25% p.a. for general depositors on 1-year FDs, and 6.75% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on ICICI 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 ICICI Bank and Kotak Mahindra Bank safe?

Yes. Both ICICI 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 ICICI 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. ICICI Bank's 1-year senior rate: 6.75% p.a. Kotak Mahindra Bank's 1-year senior rate: 6.85% p.a.

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

The highest rate between the two is 6.65% p.a. from Kotak Mahindra Bank for the 2 years- less than 3 years tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).