Home Calculators Kotak RD Calculator

Kotak RD (Recurring Deposit) Calculator Online

Calculate the returns on your recurring deposit investment

I know my

Goal Amount

Expected Return (P.A)

Time Period


To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.


To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.

Total Investment Breakup

Lumpsum Investment

Interest Earned

Total Investment

Year Investment
Amount (₹)
Gained (₹)
Amount (₹)

Investing Made Easy

smallcase offers 200+ readymade stock baskets, created and managed by SEBI-registered investment experts

Try smallcase

investing made easy

smallcase offers 200+ readymade stock baskets, created and managed by SEBI-registered investment experts

Popular smallcases

Articles to help you discover the top stock collections in from trending market sectors

All Weather Investing smallcase by Windmill Capital

Dividend Aristocrats smallcase by Windmill Capital

Top 100 Stocks smallcase by Windmill Capital

Kotak RD Calculator

All you need to know about Kotak RD Investment Calculator

Kotak Mahindra Bank is a well-known bank that offers a variety of financial services to help you manage your money and achieve your goals. One of their helpful tools is the Kotak RD Calculator. This calculator is like your friendly financial guide – it helps you figure out how much your Recurring Deposit (RD) investment could grow over time. 

Enter the amount that you want to put in regularly and for how long, and it tells you how much you might end up with. It’s like peeking into the future of your savings! So, if you’re thinking about saving up, Kotak Mahindra Bank RD Calculator has your back!

What is Kotak Bank RD Calculator?

The Kotak RD Calculator is a handy tool provided by Kotak Mahindra Bank. It’s like a virtual assistant for your savings plan. A recurring deposit helps you to save at intervals and earn a fixed rate on the growing principal.

Additionally, to invest in Kotak RD calculator, you have the option to pick from periods spanning 12 months to 120 months. The smallest deposit you can make for an RD investment with Kotak Mahindra Bank is either in multiples of ₹5,000 or ₹10,000. Therefore, individuals aiming to build funds for future needs through monthly deposits can open Kotak Bank’s RD schemes.

How to Use the smallcase Kotak Bank RD Calculator Online?

Wondering how much your savings can grow with a Kotak Bank RD? Well, you’re in luck because the Kotak RD calculator is here to help you out! It’s like a virtual money buddy that can give you a sneak peek into the future of your savings with Kotak interest rates. Wondering how it works and how to use it online? No worries, we’ve got you covered. 

Let’s understand how smallcase Kotak RD interest rates calculator works.


Open the Kotak RD calculator on smallcase.

Enter the monthly investment amount in the first field by adjusting the sliding bar or manually entering the amount. 


Enter the number of years


Provide the Kotak RD interest rates. Once the information is filled, the Kotak Mahindra Bank RD calculator will display the results within seconds

Kotak RD Interest Rate Formula to Calculate the Maturity Amount

Unlocking the potential of your savings with Kotak Mahindra Bank RD interest rate gets even more exciting when you understand the Kotak RD Interest Rates Formula. This formula helps you figure out the final amount you’ll have when your RD matures. No worries, you don’t need to be a math whiz – that’s what the Kotak RD Calculator is for!

The Kotak RD calculator formula is as follows: 

M = R x [(1 + n) x n – 1] / 1- (1 + i) (-1/3)

The variables in this Kotak RD calculator equation represent the following:

M Maturity amount
R Monthly investment
N Number of times interest is compounded
i Interest rate divided by 400

Let’s take an example. Suppose an investor decides to make a Kotak Bank recurring deposit (Kotak RD) of ₹500 per month for 2 years i.e 24 months. The Kotak RD interest rate is 7% (general citizen rate for 24 months) accrued so far. Since manually entering the values and going through the math to find the Kotak RD maturity value can be an extremely tedious process. So, use smallcase Kotak Bank RD calculator. 

After entering the above mentioned values in the Kotak RD calculator, you will get the following results using the Kotak RD interest rates for 2 years in minutes: 

Amount invested = ₹12,000

Expected return rate amount =  ₹12,912

Interest Earned = ₹912

Kotak Bank Documents and Eligibility for RD Account

To open a Kotak RD account in Kotak Mahindra Bank, you’ll need to provide a few essential documents and meet specific eligibility criteria. Here’s what you’ll typically need:

  • Account Application Form
  • Recent Passport-size Photo
  • KYC Documentation
  • For Individuals and Companies: PAN Card, Voter’s ID, Aadhar Card, Passport Copy, Driver’s License
  • HUFs: HUF Declaration Deed, Self-attested PAN Card, HUF Bank Statement
  • Partnership Firms: Certificate of Incorporation, Partnership Deed, Partner’s ID Proof.

To invest in a Kotak Bank Recurring Deposit, eligibility criteria are as follows:

  • Resident Individuals
  • Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
  • Organizations
  • Sole Proprietorship Firms
  • HUFs
  • Trusts and Companies
  • Partnership Firms
  • Public and Private Limited Companies.

Kotak Mahindra Bank RD Interest Rate

When it comes to maximizing your savings through a Recurring Deposit (RD) with Kotak Bank, they offer distinct interest rates for senior citizens and general citizens. Therefore, to explore and compare the Kotak RD interest rates offered for different tenure options, you can make use of the Kotak RD Calculator.

The following table illustrates various Kotak RD interest rates, providing a clearer perspective.

Tenure Kotak RD Interest Rates (% p.a.) w.e.f May 11, 2023
Interest Rate p.a. ( %) Senior Citizen Rates p.a. ( %)
6 Months 6.00% 6.50%
9 Months 6.00% 6.50%
12 Months 7.10% 7.60%
15 Months 7.20% 7.70%
18 Months 7.20% 7.70%
21 Months 7.20% 7.70%
24 Months 7.00% 7.50%
27 Months 7.00% 7.50%
30 Months 7.00% 7.50%
33 Months 7.00% 7.50%
3 years – less than 4 years 6.50% 7.00%
4 years – less than 5 years 6.25% 6.75%
5 years – 10 years 6.20% 6.70%


Advantages of Using the smallcase Kotak Bank RD Calculator

Kotak Bank RD Calculator is a useful tool that can help you make informed decisions about your RD investment. Now, let’s have a look at its advantages: 

  • Simple & Easy to Use: The Kotak RD calculator offers a straightforward interface, requiring minimal input to gauge potential returns.
  • Saves Time: It swiftly calculates potential returns and interest earnings, streamlining intricate computations.
  • Accurate Results in Seconds: The Kotak Bank RD calculator ensures precise results while eliminating the possibility of errors.

Frequently Asked Questions

What is the RD rate at Kotak Bank?

You can easily open a Kotak Mahindra RD account at an interest rate of 6% for general citizens and 6.50% for senior citizens. To calculate returns, use smallcase Kotak RD calculator tool today!

How is RD maturity calculated in Kotak Bank?

The maturity amount of a recurring deposit (RD) in Kotak Bank is calculated using the following formula: A = P(1 + r/n)^nt

Do Kotak Bank RDs come with nomination benefits?

Yes, Kotak Bank RDs come with nomination benefits. You can nominate one or more people to receive the proceeds of your RD account in the event of your death. The nominee can be a relative, friend, or anyone else you trust.

Does Kotak Bank provide loans against RD?

Yes, Kotak Bank provides loans against RD. It is called a Loan Against Securities. Under this loan, you can avail a loan against your recurring deposit (RD), fixed deposit (FD), shares, mutual funds, insurance policies, and bonds.


How are RDs taxed?

Recurring deposits (RDs) are taxable in India. The TDS rate is 10% if the interest income exceeds ₹40,000 in a financial year & ₹50,000 for senior citizens).

How to use the RD calculator online?

Follow the below-mentioned steps to know Kotak RD interest rates on your investments in minutes with Kotak RD calculator: 


Open the Kotak RD calculator 


Enter the desired amount that you wish to invest every month.


Enter the RD interest rate in Kotak Mahindra RD Calculator by sliding the bar or typing in manually.


Input the time period (in years or months)

Can I withdraw RD at anytime?

Yes, you can withdraw your Recurring Deposit (RD) in Kotak Mahindra Bank at any time before maturity. However, there will be a penalty for premature withdrawal. The penalty is 0.5% of the interest earned on the amount withdrawn.

Are senior citizens eligible for any extra benefits on Kotak Mahindra Bank RDs?

Yes, senior citizens get an extra 0.50%  p.a. rate of interest over and above the interest payable to regular customers among many other monetary benefits offered by Kotak Bank.

Discover Popular Articles by smallcase

Learn more about various financial instruments, trending sectors, popular themes, and companies that are thriving in the current markets before investing.

Learn More

Stock Investing Made Easy

Simple, quick and delightful investing for you!

Scan to Download

Don't take our word for it

smallcase is trusted across the Indian investment ecosystem

profile pic
Satish Suggala
social icon

Finally got access to @smallcaseHQ and gotta admit, it ‘s the most beautiful investment product I’ve ever seen.

5:28 PM - 6 Jan 2017
profile pic
Aakash Goel
social icon

first stock market investment today. in case you’re a stock market noob like me, highly recommend @smallcaseHQ!

11:45 AM - 13 Jan 2017
profile pic
Deepak Abbot
social icon

One product that impressed me a lot in last 1 yr & also benefitted me personally is @smallcaseHQ – never got interested in markets earlier 🥇

7:58 AM - 24 May 2017
profile pic
sampad swain
social icon

Lately, been playing w/ stocks & wealth mgmt apps. Amongst all,@smallcaseHQ is the shining star. Absolute recco on 💻 & 📱

9:40 AM - 4 Jul 2017
profile pic
social icon

OK! I found @smallcaseHQ at this odd hour. ALAG LEVEL. Isn’t it alike your own mutual fund?

2:27 AM - 10 Jul 2017
profile pic
Nithin Kamath
social icon

The best investment tech startup in India today.@smallcaseHQ hoping you guys are the catalyst to get the next million to the markets 🙂

12:16 PM - 15 Jul 2017
profile pic
Bala Panneerselvam
social icon

@smallcaseHQ love your product! Kudos!

3:45 PM - 26 Jul 2017
profile pic
Shruti Ghatge
social icon

@smallcaseHQ! What a brilliant product. One of the best I’ve seen.

11:22 AM - 19 Sep 2017
profile pic
Rupesh Malu
social icon

Agree ” mutual funds sahi hai “, but somehow started feeling smallcase better hai! ☺ What a product! Thanks @smallcaseHQ and@zerodhaonline !!

12:41 PM - 6 Oct 2017
profile pic
Arpit Agarwal
social icon

Felt like Buffett when I logged on to @smallcaseHQ today 😀 There are only two kind of ppl – those who have a Smallcase and those who will!

12:00 PM - 6 Nov 2017
profile pic
Aadil Bandukwala
social icon

Take a bow @smallcaseHQ! What an incredible product! 🙏🏻 The ease at which you make equity investing happen – such a breath of fresh air!

9:03 AM - 4 Dec 2017
profile pic
Vishant Pai
social icon

They way I am promoting @smallcaseHQ I won’t be surprised if I am mistaken as their business development executive. Impressive product. Keep up the great work you are doing. Happy new year.

10:42 AM - 1 Jan 2018
profile pic
Shankar Ganesh
social icon

Ladies and gentlemen, check out @smallcaseHQ. Even if you don’t end up investing, you’ll be impressed by how pretty it is! 😘

6:37 PM - 9 Jan 2018
profile pic
Deepak Gupta
social icon

Great way for those early to investing to get exposure to sectors/themes thru @smallcaseHQ. Well researched and easy to buy and manage portfolios.

1:07 PM - 16 Jan 2018
profile pic
Santosh Dogra
social icon

Had an Amazing experience on building own #theme based#portfolio And guess what i can customise the amount i want to #invest and where to #invest@smallcaseHQ @AxisDirect_In

12:18 PM - 7 Jul 2018
profile pic
Tanmay Bhat
social icon

Fallen in love with @smallcaseHQ– what a smooth, smooth product. Anybody else here using it?

8:07 PM - 30 Jun 2020
profile pic
social icon

A very simple, low cost asset allocation solution using ETFs is to go for All Weather Portfolio offered by @smallcaseHQ

8:44 AM - 29 Aug 2018
profile pic
Ayushi Singh Rathore
social icon

Invested for the first time during muhurat trading. Adult feels max!@smallcaseHQ 🙌🏻

7:14 PM - 7 Nov 2018
profile pic
asis panigrahi
social icon

You can save this tweet of mine. @smallcaseHQ is the future of investing. They will beat the best performing mutual fund and pms hands down. Absolutely no comparison. The sooner people realise this, the better will be their cagr.

3:07 PM - 28 May 2019
profile pic
ஸ்டாலின்னா அடிப்போம்..
social icon

Only the best —> @smallcaseHQ Thank me after 10 years.

11:48 AM - 1 Jul 2019
profile pic
Deepak Abbot
social icon

2 years to this tweet and @smallcaseHQ is still my top rated product

3:32 PM - 14 Jul 2019
profile pic
Shivam Vahia
social icon

@smallcaseHQ has to be the most unique “fintech” idea I’ve seen in India. Should’ve taken it seriously long back.

11:14 AM - 15 Jul 2019
profile pic
social icon

Gotta say this. Smallcase is KILLING IT!!!! 🔥

2:35 PM - 4 Oct 2019
profile pic
Sahil Kini
social icon

smallcase is one of those rare businesses creating real value for customers/investors, through original thinking and great product design. Go @smallcaseHQ

11:40 AM - 21 Nov 2019
profile pic
Rahul Chaudhary
social icon

Haven’t seen a better product than @smallcaseHQ in a while. Stunning.

5:32 PM - 16 Jul 2020
profile pic
Aditya Behere
social icon

@smallcaseHQ is one of the best new products that I’ve tried 😍

9:09 AM - 29 Nov 2019
profile pic
Rishi Verma
social icon

No matter how much I praise @smallcaseHQ It will still be less for them. Fantastic App, they have made investing so much simple and sharing your fav stocks too. Gamechanger in the fintech ecosystem.

3:48 PM - 19 May 2021
profile pic
social icon

So, I have been using @smallcaseHQ for investing some money and it’s one of the best I would say for rookies like me. Go ahead and try it out.

8:14 AM - 29 May 2021