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Fixed deposit comparison

Axis Bank Tax Saver Fixed Deposit vs Kotak Mahindra Bank Tax Saving Fixed Deposit

Compare Axis Bank Tax Saver Fixed Deposit and Kotak Mahindra Bank Tax Saving Fixed Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.

Fixed deposit comparison

Axis Bank Tax Saver Fixed Deposit vs Kotak Mahindra Bank Tax Saving Fixed Deposit

Compare the two source-backed records without collapsing unlike conditions into a winner score.

Latest underlying reviewSeptember 10, 2026
Axis BankAxis Bank Tax Saver Fixed Deposit

Eligible individuals/HUFs who want a tax-saver whose bank page already reflects the 2026 tax-law numbering and who can accept a five-year no-preclosure lock.

Cost / pricing
Axis publishes its domestic FD schedule effective 8 September 2026, but the parsed current first-party table in this review did not expose a safely attributable exact five-year row. The product’s live booking rate therefore remains refresh-gated instead of inferred.
Reviewed
September 10, 2026
Evidence
2 bank sources
Open product research
Kotak Mahindra BankKotak Mahindra Bank Tax Saving Fixed Deposit

Eligible Kotak customers who want a low-entry tax-saving deposit and can hold for the full five-year lock-in.

Cost / pricing
Kotak’s current domestic/NRO/NRE callable rate table is effective 10 June 2026; the five-years-and-above-to-10-years band is 6.25% p.a. general and 6.75% p.a. for eligible resident senior citizens.
Reviewed
September 10, 2026
Evidence
3 bank sources
Open product research
Compare like with likeThese records share the same product type.
Conditions stay attachedBalance, tenure, channel, relationship and effective-date wording stays visible.
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littleden.blog · Comparison research sheet

Axis Bank Tax Saver Fixed Deposit vs Kotak Mahindra Bank Tax Saving Fixed Deposit

Prepared 14 Sep 2026 · Source page: https://littleden.blog/compare-banking/axis-tax-saver-fixed-deposit-vs-kotak-tax-saving-fixed-deposit/

General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.

Decision checkpoints

Answer the questions that can actually change the choice.

Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.

01Are you comparing the same customer, amount and tenure?Start with the eligible customer or relationship and any balance, funding or tenure requirement.

Axis Bank Tax Saver Fixed Deposit

Taxpayer / regime eligibility
Individuals and HUFs under current Axis product/KYC requirements; first-holder rules apply to joint tax-benefit claims.
Qualifying amount / lock-in
Minimum ₹100 or multiples thereof; maximum ₹1.5 lakh; fixed five-year tax-saver maturity.

Kotak Mahindra Bank Tax Saving Fixed Deposit

Taxpayer / regime eligibility
Eligible individuals/HUFs under Kotak’s current deposit/KYC terms and the applicable tax regime.
Qualifying amount / lock-in
Minimum ₹100 and maximum ₹1.5 lakh for the tax-saving investment; the product page describes the tax-saver as a five-year fixed tenure, while a support article can expose a 60-to-120-month booking range. The live booking terms control.
02Which dated rate schedule applies to that deposit?Match the customer category, currency, amount, tenure and effective date before comparing quoted rates. No return is calculated here.

Axis Bank Tax Saver Fixed Deposit

Current five-year rate evidence
Axis publishes its domestic FD schedule effective 8 September 2026, but the parsed current first-party table in this review did not expose a safely attributable exact five-year row. The product’s live booking rate therefore remains refresh-gated instead of inferred.

Kotak Mahindra Bank Tax Saving Fixed Deposit

Current five-year rate evidence
Kotak’s current domestic/NRO/NRE callable rate table is effective 10 June 2026; the five-years-and-above-to-10-years band is 6.25% p.a. general and 6.75% p.a. for eligible resident senior citizens.
03What happens if you need the money before maturity?Read the full liquidity and relationship conditions, including any recorded early-exit or payment restrictions.

Axis Bank Tax Saver Fixed Deposit

Preclosure / loan restriction
Premature closure is not permitted during the five-year lock; bank support documents a death-related exception process separately.
Tax-law / maturity condition
This is a five-year statutory tax-saver and is kept separate from ordinary callable Axis FDs and Fixed Deposit Plus structures.

Kotak Mahindra Bank Tax Saving Fixed Deposit

Preclosure / loan restriction
Premature or partial withdrawals are not permitted before the five-year lock is completed, and lien/loan treatment is restricted under the tax-saving scheme.
Tax-law / maturity condition
The exact five-year tax-saver uses current Kotak deposit pricing but remains a locked tax-saving structure rather than an ordinary callable FD.
Other maintained comparisons for Axis Bank Tax Saver Fixed DepositOther maintained comparisons for Kotak Mahindra Bank Tax Saving Fixed Deposit
Exact terms

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Banking product terms side by side for Axis Bank Tax Saver Fixed Deposit and Kotak Mahindra Bank Tax Saving Fixed Deposit
Decision factorAxis Bank Tax Saver Fixed DepositKotak Mahindra Bank Tax Saving Fixed Deposit
Current five-year rate evidenceAxis publishes its domestic FD schedule effective 8 September 2026, but the parsed current first-party table in this review did not expose a safely attributable exact five-year row. The product’s live booking rate therefore remains refresh-gated instead of inferred.Kotak’s current domestic/NRO/NRE callable rate table is effective 10 June 2026; the five-years-and-above-to-10-years band is 6.25% p.a. general and 6.75% p.a. for eligible resident senior citizens.
Qualifying amount / lock-inMinimum ₹100 or multiples thereof; maximum ₹1.5 lakh; fixed five-year tax-saver maturity.Minimum ₹100 and maximum ₹1.5 lakh for the tax-saving investment; the product page describes the tax-saver as a five-year fixed tenure, while a support article can expose a 60-to-120-month booking range. The live booking terms control.
Deduction context / payoutReinvestment, quarterly payout or monthly payout choices. Axis explicitly frames the qualifying deduction under Section 123 read with Schedule XV; interest remains taxable and subject to current TDS rules.Choose quarterly interest payout or keep interest invested until maturity. Qualifying principal can fall within the aggregate statutory deduction framework; interest is taxable.
Preclosure / loan restrictionPremature closure is not permitted during the five-year lock; bank support documents a death-related exception process separately.Premature or partial withdrawals are not permitted before the five-year lock is completed, and lien/loan treatment is restricted under the tax-saving scheme.
Taxpayer / regime eligibilityIndividuals and HUFs under current Axis product/KYC requirements; first-holder rules apply to joint tax-benefit claims.Eligible individuals/HUFs under Kotak’s current deposit/KYC terms and the applicable tax regime.
Tax-law / maturity conditionThis is a five-year statutory tax-saver and is kept separate from ordinary callable Axis FDs and Fixed Deposit Plus structures.The exact five-year tax-saver uses current Kotak deposit pricing but remains a locked tax-saving structure rather than an ordinary callable FD.
Wrong-fit risks

Keep each product’s cautions beside the product.

A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.

Axis Bank

Axis Bank Tax Saver Fixed Deposit

  • The deduction is part of the aggregate ₹1.5 lakh Section 123 / Schedule XV framework and is not available under the new concessional tax regime under Section 202; individual tax circumstances can differ.
  • Exact five-year rate remains refresh-gated even though the broader Axis domestic rate schedule is current as of 8 September 2026.
  • The bank’s calculator display should not be treated as a controlling product quote.
  • Interest remains taxable/TDS-applicable.
Kotak Mahindra Bank

Kotak Mahindra Bank Tax Saving Fixed Deposit

  • The deduction is part of the aggregate ₹1.5 lakh Section 123 / Schedule XV framework and is not available under the new concessional tax regime under Section 202; individual tax circumstances can differ.
  • From 1 April 2026, current tax-year references should use Section 123 read with Schedule XV of the Income-tax Act, 2025; some bank product copy still uses the legacy Section 80C label.
  • Kotak’s main tax-saver page says fixed five years while its support page can show 60–120 months; the live booking receipt should control maturity instructions.
  • Interest earned is taxable.
Research tools

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Independent source state

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One side's source depth or freshness never fills a gap in the other record.

Kotak Mahindra Bank

Kotak Mahindra Bank Tax Saving Fixed Deposit

Reviewed
September 10, 2026
Attached first-party sources
3
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MethodologyResearch statusMore banking comparisons

First-party source appendix

These are the exact source URLs already attached to the two research records. Re-open the controlling documents before relying on a fee, rate, limit, eligibility rule or benefit.

Axis Bank Tax Saver Fixed Deposit

Reviewed September 10, 2026 · 2 attached first-party sources

  1. Issuer product pagehttps://www.axis.bank.in/deposits/tax-saver-fixed-deposit
  2. Issuer product pagehttps://www.axis.bank.in/deposits/fixed-deposits/fd-interest-rates

Kotak Mahindra Bank Tax Saving Fixed Deposit

Reviewed September 10, 2026 · 3 attached first-party sources

  1. Issuer product pagehttps://www.kotak.bank.in/en/personal-banking/deposits/tax-saving-fixed-deposit.html
  2. Issuer product pagehttps://www.kotak.bank.in/en/personal-banking/deposits/tax-saving-fixed-deposit/interest-rates.html
  3. Issuer product pagehttps://www.kotak.bank.in/en/help-center/fixed-deposit-and-recurring-deposit/tax-saving-fixed-deposit/q1.html