ICICI vs Kotak FD Rates — Which is Better in 2026?
ICICI offers 7.00% FD rate (1-year) vs Kotak at 7.20%. Kotak gives you ₹200 more interest per year on a ₹10L deposit. Both banks are RBI-regulated and DICGC insured up to ₹5L per depositor.
Last updated: April 6, 2026
ICICI
7.00%
FD rate (1 year)
Kotak
7.20%
FD rate (1 year)
✓ Better dealICICI vs Kotak FD Rates — Detailed Comparison
| Feature | ICICI | Kotak |
|---|---|---|
| FD Rate (1Y) | 7.00% | ✓7.20% |
| Account Opening | No fee | No fee |
| Tenure | 7 days – 10 years | 7 days – 10 years |
| Eligibility | Any individual, joint, HUF, company | Any individual, joint, HUF |
FD Rate (1Y)
ICICI
7.00%
Kotak
7.20%
Account Opening
ICICI
No fee
Kotak
No fee
Tenure
ICICI
7 days – 10 years
Kotak
7 days – 10 years
Eligibility
ICICI
Any individual, joint, HUF, company
Kotak
Any individual, joint, HUF
Verdict
Kotak offers the better FD rate (7.20%) vs ICICI (7.00%). Both are DICGC insured up to ₹5L. If you have more than ₹5L to park, split across banks to maximise insurance coverage. Senior citizens get an additional 0.50% at most banks — always check the senior citizen rate separately.
Frequently Asked Questions
Which bank gives higher FD interest — ICICI or Kotak?+
Kotak offers a higher FD rate. ICICI pays 7.00% and Kotak pays 7.20% on a 1-year FD. For longer tenures (3-5 years), rates may differ — always check the bank's rate card for your specific tenure.
Is FD in ICICI or Kotak safer?+
Both banks are RBI-regulated and deposits are insured by DICGC up to ₹5 lakh per depositor per bank. For amounts above ₹5L, consider splitting across both banks to maximise insurance coverage.
What is the maturity amount on a ₹1L FD for 1 year?+
At ICICI's rate of 7.00%, a ₹1L FD matures to approximately ₹1,07,186. At Kotak's rate of 7.20%, it is ₹1,07,397. Interest is taxable as per your income tax slab.
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Disclaimer: Interest rates shown are indicative as of April 2026 and subject to change without notice. Actual rates depend on your credit score, income, and bank policy. This is for informational purposes only and does not constitute financial advice. Always verify rates with the bank before applying.