Compare Kotak Mahindra Bank NRE Fixed Deposit and Axis Bank NRE Rupee 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.
Kotak NRI customers who want a rupee term deposit with full NRE principal/interest repatriability and Indian tax-exempt interest.
Axis NRI customers who want an INR term deposit with full NRE repatriability and access to current Axis NRI deposit rates.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/kotak-nre-fixed-deposit-vs-axis-nre-rupee-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
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 | Kotak Mahindra Bank NRE Fixed Deposit | Axis Bank NRE Rupee Deposit |
|---|---|---|
| Current rate evidence | The reviewed Domestic/NRO/NRE callable schedule effective 10 June 2026 peaks at 6.80% in the 2-year-to-under-3-year band below ₹3 crore; NRI deposits do not receive resident senior additions. | Axis’s current NRI Fixed Deposit schedule is effective 8 September 2026; the public rate page highlights 6.25% for 1 year to 1 year 10 days and 6.50% for the 18-month-to-under-2-year band below ₹3 crore. |
| Currency / amount / tenure | Kotak’s current NRI deposits landing page and booking help state ₹50,000 minimum for NRE FD booking. NRE deposits must remain at least 1 year to earn interest. | NRE deposits must run at least 12 months to earn interest and can be booked within Axis’s current NRI term-deposit tenure rules. |
| Tax / repatriation / payout | Fully and freely repatriable principal and interest, auto-renewal and digital booking for eligible Kotak NRI relationships. | Interest is tax-exempt in India under current NRE treatment; principal and interest are fully repatriable; loan/overdraft and nomination are available subject to terms. |
| Premature withdrawal / liquidity | No interest is payable if the NRE FD remains for less than one year. Premature withdrawal after the minimum period uses the current lower-of applicable/contracted rate methodology and penal charge. | No interest is paid if broken before 12 months. NRO funds cannot be used to create an NRE/FCNR deposit under the reviewed product FAQ. |
| NRI / PIO / OCI eligibility | Eligible NRI/PIO customers under Kotak NRE/KYC rules. | Eligible NRI/PIO/OCI customers under Axis NRE deposit/KYC rules. |
| Deposit-state / funding rule | NRE funding and account state control tax/repatriation treatment even when the bank shares one rupee rate table across Domestic/NRO/NRE. | Permissible NRE funding and booking date control the deposit; its INR rate is separate from FCNR foreign-currency pricing. |
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 | Kotak Mahindra Bank NRE Fixed Deposit | Axis Bank NRE Rupee Deposit |
|---|---|---|
| 1 year | 6.35% | 6.25% |
| 18 months | 6.55% | 6.50% |
Schedule reference: June 10, 2026. Kotak Domestic/NRO/NRE callable fixed-deposit schedule below ₹3 crore effective 10 June 2026; resident senior addition excluded.
Schedule reference: September 8, 2026. Axis NRI Fixed Deposit public key-rate table effective 8 September 2026; only explicitly rendered NRE anchors stored.
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 · 2 attached first-party sources