Compare Kotak Mahindra Bank NRE Fixed Deposit and Federal Bank NRE 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.
Kotak NRI customers who want a rupee term deposit with full NRE principal/interest repatriability and Indian tax-exempt interest.
Federal Bank NRI customers who want an INR NRE term deposit with a clearly published current tenure ladder.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/kotak-nre-fixed-deposit-vs-federal-nre-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
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 | Federal Bank NRE Fixed 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. | For single deposits below ₹300 lakh effective 17 August 2026, the reviewed NRE schedule runs from 6.25% at 1 year to a 6.70% 48-month rate, with 6.40%–6.50% across surrounding bands. |
| 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. | Minimum interest-earning tenure is 1 year; FedMobile terms state a ₹1,000 minimum for Cash Certificate/FD and a maximum term of 10 years, subject to channel/product eligibility. |
| Tax / repatriation / payout | Fully and freely repatriable principal and interest, auto-renewal and digital booking for eligible Kotak NRI relationships. | Digital booking through eligible Federal channels, payout/reinvestment choices and NRE repatriation/tax treatment under current rules. |
| 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. | A 1% premature-closure penalty applies to NRE term deposits opened/renewed under the bank’s stated current rule; no NRI senior/staff additional benefit. |
| NRI / PIO / OCI eligibility | Eligible NRI/PIO customers under Kotak NRE/KYC rules. | Eligible Federal Bank NRE/NRI customers under current KYC and deposit-opening 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. | NRE term-deposit rules and rate table are maintained separately from resident/NRO and special non-callable Deposit Plus structures. |
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 | Federal Bank NRE Fixed Deposit |
|---|---|---|
| 1 year | 6.35% | 6.25% |
| 15 months | 6.45% | 6.65% |
| 18 months | 6.55% | 6.40% |
| 2 years | 6.80% | 6.40% |
| 3 years | 6.40% | 6.50% |
| 4 years | 6.40% | 6.70% |
| 5 years | 6.25% | 6.40% |
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: August 17, 2026. Federal Bank NRE term-deposit schedule below ₹300 lakh effective 17 August 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 10, 2026 · 3 attached first-party sources
Reviewed September 10, 2026 · 2 attached first-party sources