Compare ICICI Bank Recurring Deposit and Kotak Mahindra Bank Recurring Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
ICICI customers who want a fixed monthly commitment and value knowing the contracted rate will not change during the RD tenure.
Kotak customers who want a straightforward monthly deposit and can choose among the published tenure bands instead of chasing one headline rate.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/icici-bank-recurring-deposit-vs-kotak-bank-recurring-deposit/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
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.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | ICICI Bank Recurring Deposit | Kotak Mahindra Bank Recurring Deposit |
|---|---|---|
| Current rate evidence | Rates effective 29 December 2025 run from 4.50% to 6.50% p.a. for general customers and from 5.00% to 7.10% p.a. for senior citizens across the published tenure bands. | Rates effective 10 June 2026 run from 5.50% at 6 months to a reviewed peak of 6.80% for 24–33 months; resident senior-citizen additions are 0.50% for many tenures and 0.60% for the stated 3-to-under-5-year band. |
| Instalment / tenure | Tenure from 6 months to 10 years in multiples of 3 months; monthly instalment is fixed after account opening and auto-debit can be used from the linked savings account. | Recurring Deposit for resident individuals/HUFs with published tenures from 6 months through 10 years; monthly contribution conditions follow current product terms. |
| Compounding / deposit features | Rate fixed on the opening date for the full tenure, quarterly interest calculation, no account-opening charge and automatic monthly debit support. | Contracted tenure-specific rate, systematic monthly saving and preferential rates for eligible resident senior citizens. |
| Missed instalments / premature closure | A missed instalment may attract a ₹12 per ₹1,000 per month penalty; premature closure follows the bank's current deposit rules and can reduce the maturity amount. | Premature closure follows Kotak's current deposit penalty slabs; the bank states rates are subject to change for new bookings. |
| Eligibility | Eligible ICICI Bank customers under current deposit-opening and KYC rules; senior-citizen rate eligibility follows the bank's current definition. | Resident individuals and HUFs under the reviewed RD table; senior additions apply to eligible resident individuals aged 60 and above. |
| Contracted rate / booking condition | The monthly instalment cannot be modified after booking, and the contracted rate remains fixed even if the bank later revises new-deposit rates. | The applicable rate is the rate for the selected tenure when the RD is opened; future new-deposit rate changes do not rewrite the contracted deposit. |
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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| Tenure | ICICI Bank Recurring Deposit | Kotak Mahindra Bank Recurring Deposit |
|---|---|---|
| 6 months | 4.50% · senior 5.00% | 5.50% · senior 6.00% |
| 9 months | 5.50% · senior 6.00% | 6.00% · senior 6.50% |
| 1 year | 6.25% · senior 6.75% | 6.35% · senior 6.85% |
| 18 months | 6.30% · senior 6.80% | 6.55% · senior 7.05% |
| 2 years | 6.30% · senior 6.80% | 6.80% · senior 7.30% |
| 3 years | 6.45% · senior 6.95% | 6.40% · senior 7.00% |
| 4 years | 6.50% · senior 7.10% | 6.40% · senior 7.00% |
| 5 years | 6.50% · senior 7.10% | 6.25% · senior 6.75% |
Schedule reference: December 29, 2025. ICICI recurring-deposit tenure table effective 29 December 2025.
Schedule reference: June 10, 2026. Kotak recurring-deposit table for resident individuals/HUFs effective 10 June 2026.
A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.
These tools help narrow or inspect the records. They do not replace bank eligibility, live pricing or account-specific controls.
One side's source depth or freshness never fills a gap in the other record.
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.
Reviewed September 9, 2026 · 3 attached first-party sources
Reviewed September 9, 2026 · 2 attached first-party sources