Kotak vs PNB FD Rates October 2026

Kotak offers up to 6.65% p.a. · PNB up to 6.70% 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 Equal 6.35% vs 6.35%
Savings account PNB 2.50% vs 4.25%
Tenure Kotak PNB
GeneralSenior GeneralSenior
6 months 5.50% 6.00% 5.85% 6.20%
1 year 6.35% 6.85% 6.35% 6.85%
2 years 6.65% 7.15% 6.40% 6.90%
3 years 6.40% 6.90% 6.40% 6.90%
5 years 6.25% 6.75% 6.45% 6.95%

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

Kotak
2.50% p.a.
vs
PNB
4.25% p.a.

Which bank should you choose?

Kotak is a private sector bank; PNB is a public sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. PNB 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

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 →

Punjab National Bank

Type
Public Sector Bank
HQ
New Delhi
Est.
1894
Best FD rate
6.70% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
PNB deposit rates →

Frequently Asked Questions

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

Punjab National 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 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.

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

Punjab National 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 Punjab National Bank's official website before investing.

Are fixed deposits with Kotak Mahindra Bank and Punjab National Bank safe?

Yes. Both Kotak Mahindra Bank and Punjab National 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 Kotak Mahindra Bank and Punjab National 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. Kotak Mahindra Bank's 1-year senior rate: 6.85% p.a. Punjab National Bank's 1-year senior rate: 6.85% p.a.

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

The highest rate between the two is 6.70% p.a. from Punjab National Bank for the 444 days tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).