Compare ICICI 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.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
Eligible ICICI Bank customers who want a current five-year locked deposit with clear online opening and maturity rules and can accept taxable interest.
Eligible Kotak customers who want a low-entry tax-saving deposit and can hold for the full five-year lock-in.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/icici-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.
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 10, 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 10, 2026
Maintenance: Within the scheduled review window
3 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 Tax Saver Fixed Deposit | Kotak Mahindra Bank Tax Saving Fixed Deposit |
|---|---|---|
| Current five-year rate evidence | ICICI Bank’s current FD schedule effective 4 September 2026 places the 3-years-1-day-to-5-years bucket at 6.50% p.a. general and 7.10% p.a. senior citizen; the Tax Saver FD is fixed at exactly five years. | 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-in | Minimum ₹10,000 and thereafter in ₹100 multiples; maximum aggregate Tax Saver FD amount under one PAN is ₹1.5 lakh; fixed tenure of five years. | 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 / payout | Cumulative or traditional non-cumulative deposit with monthly or quarterly interest payout. Qualifying principal may be deductible within the applicable aggregate statutory ceiling; interest is taxable/TDS-applicable. | 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 restriction | Premature withdrawal, loan/lien and overdraft against the Tax Saver FD are not permitted. ICICI also states the product cannot be auto-renewed; maturity proceeds return to the selected savings account. | 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 eligibility | Individuals and HUFs with valid PAN/KYC under ICICI’s current product terms; tax deduction eligibility depends on the applicable tax regime and law. | Eligible individuals/HUFs under Kotak’s current deposit/KYC terms and the applicable tax regime. |
| Tax-law / maturity condition | The five-year lock and no-auto-renew maturity instruction are product-specific and distinguish this deposit from an ordinary callable ICICI FD. | The exact five-year tax-saver uses current Kotak deposit pricing but remains a locked tax-saving structure rather than an ordinary callable FD. |
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 Tax Saver Fixed Deposit | Kotak Mahindra Bank Tax Saving Fixed Deposit |
|---|---|---|
| 5 years | 6.50% · senior 7.10% | 6.25% · senior 6.75% |
Schedule reference: September 4, 2026. ICICI Tax Saver FD is exactly five years; current domestic FD schedule effective 4 September 2026.
Schedule reference: June 10, 2026. Kotak tax-saver five-year product plus current Domestic/NRO/NRE callable rate table effective 10 June 2026.
A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.
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Reviewed September 10, 2026 · 3 attached first-party sources
Reviewed September 10, 2026 · 3 attached first-party sources