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Fixed deposit comparison

HDFC Bank Five-Year Tax Saving Fixed Deposit vs Kotak Mahindra Bank Tax Saving Fixed Deposit

Compare HDFC Bank Five-Year Tax Saving 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

HDFC Bank Five-Year Tax Saving 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
HDFC BankHDFC Bank Five-Year Tax Saving Fixed Deposit

Eligible resident individuals or HUFs using a deduction-eligible tax regime who want a large-bank five-year locked deposit and can accept taxable interest plus no normal liquidity during the lock-in.

Cost / pricing
The product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.
Reviewed
September 10, 2026
Evidence
3 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
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littleden.blog · Comparison research sheet

HDFC Bank Five-Year Tax Saving Fixed Deposit vs Kotak Mahindra Bank Tax Saving Fixed Deposit

Prepared 14 Sep 2026 · Source page: https://littleden.blog/compare-banking/hdfc-five-year-tax-saving-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

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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.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Taxpayer / regime eligibility
Resident individuals and HUFs under current HDFC Bank product/KYC rules; in a joint deposit, the deduction is attached to the first holder subject to tax law.
Qualifying amount / lock-in
Minimum ₹5,000 and thereafter in ₹100 multiples; maximum qualifying tax-saving deposit ₹1.5 lakh in a financial year; mandatory five-year lock-in.

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.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Current five-year rate evidence
The product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.

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.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Preclosure / loan restriction
Normal premature withdrawal/partial liquidity and loan-style access should not be assumed during the five-year tax-saver lock; death-related settlement follows the bank’s applicable process.
Tax-law / maturity condition
A tax-saving FD is a locked tax-law product, not an ordinary callable five-year FD. The prevailing five-year rate at booking controls; monthly payout can use a discounted payout rate.

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 HDFC Bank Five-Year Tax Saving 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 HDFC Bank Five-Year Tax Saving Fixed Deposit and Kotak Mahindra Bank Tax Saving Fixed Deposit
Decision factorHDFC Bank Five-Year Tax Saving Fixed DepositKotak Mahindra Bank Tax Saving Fixed Deposit
Current five-year rate evidenceThe product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.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 ₹5,000 and thereafter in ₹100 multiples; maximum qualifying tax-saving deposit ₹1.5 lakh in a financial year; mandatory five-year 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.
Deduction context / payoutEligible deposit principal may qualify within the aggregate Section 123 / Schedule XV deduction framework; monthly or quarterly payout can be selected, while reinvestment compounds quarterly. Interest itself remains taxable.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 restrictionNormal premature withdrawal/partial liquidity and loan-style access should not be assumed during the five-year tax-saver lock; death-related settlement follows the bank’s applicable process.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 eligibilityResident individuals and HUFs under current HDFC Bank product/KYC rules; in a joint deposit, the deduction is attached to the first holder subject to tax law.Eligible individuals/HUFs under Kotak’s current deposit/KYC terms and the applicable tax regime.
Tax-law / maturity conditionA tax-saving FD is a locked tax-law product, not an ordinary callable five-year FD. The prevailing five-year rate at booking controls; monthly payout can use a discounted payout rate.The exact five-year tax-saver uses current Kotak deposit pricing but remains a locked tax-saving structure rather than an ordinary callable FD.
Tenure-by-tenure rates

Compare only the tenure anchors both banks actually publish.

These are nominal annual rates from the reviewed first-party schedules. Effective dates can differ, and no universal winner is inferred from one tenure.

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Shared deposit tenure rates for HDFC Bank Five-Year Tax Saving Fixed Deposit and Kotak Mahindra Bank Tax Saving Fixed Deposit
TenureHDFC Bank Five-Year Tax Saving Fixed DepositKotak Mahindra Bank Tax Saving Fixed Deposit
5 years6.40% · senior 6.90%6.25% · senior 6.75%

HDFC Bank Five-Year Tax Saving Fixed Deposit

Schedule reference: August 19, 2026. HDFC tax-saver fee page says the product uses the prevailing five-year deposit rate; HDFC domestic <₹3Cr table effective 19 August 2026.

Kotak Mahindra Bank Tax Saving Fixed Deposit

Schedule reference: June 10, 2026. Kotak tax-saver five-year product plus current Domestic/NRO/NRE callable rate table effective 10 June 2026.

Wrong-fit risks

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

HDFC Bank

HDFC Bank Five-Year 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.
  • The deposit deduction and the taxation of FD interest are separate: interest can be taxable/TDS-applicable.
  • 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.
  • A current regular five-year rate should not be confused with HDFC’s 5-years-1-day-to-10-years bucket.
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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Kotak Mahindra Bank

Kotak Mahindra Bank Tax Saving Fixed Deposit

Reviewed
September 10, 2026
Attached first-party sources
3
Open primary bank source ↗
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.

HDFC Bank Five-Year Tax Saving Fixed Deposit

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

  1. Issuer product pagehttps://www.hdfc.bank.in/fixed-deposit/five-year-tax-saving-fixed-deposit
  2. Fee / charge schedulehttps://www.hdfc.bank.in/fixed-deposit/five-year-tax-saving-fixed-deposit/fees-and-charges
  3. Issuer product pagehttps://www.hdfc.bank.in/fixed-deposit/fd-interest-rate

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