For FD investment, Cosmos Bank currently offers interest rates from 2.00% to 7.05% p.a. for regular customers and up to 7.30% p.a. for senior citizens.
The returns depend on the tenure selected, with higher rates generally available on medium-term deposits rather than very short-term parking options.
Here is the latest Cosmos Bank Fixed Deposit Interest Rate Chart for resident depositors (Updated: 01/04/2026).
| FD Tenure | Regular Rate | Senior Citizen Rate |
|---|---|---|
| 7 Days – 14 Days | 2.00% | 2.00% |
| 15 Days – 45 Days | 3.00% | 3.00% |
| 46 Days – 90 Days | 3.75% – 4.25% | 3.75% – 4.25% |
| 91 Days – 181 Days | 5.50% | 6.00% |
| 182 Days – Less than 9 Months | 6.00% | 6.50% |
| 9 Months – Less than 12 Months | 6.15% | 6.85% |
| 12 Months – Less than 16 Months | 6.85% | 7.05% |
| 16 Months (Highest) | 7.05% | 7.30% |
| Above 16 Months – 24 Months | 6.85% | 7.05% |
| Above 24 Months – 36 Months | 6.65% | 7.10% |
| Above 36 Months – 10 Years | 6.75% | 7.15% |
📌 Important Cosmos Bank FD Rules
- The highest regular FD rate is available on the 16-Month special tenure
- Senior citizens receive additional interest benefits across most FD categories
- Minimum deposit amount starts from ₹1,000
- All eligible deposits are covered under DICGC insurance up to ₹5 Lakh
- These rates apply primarily to resident domestic deposit accounts
💡 FD Tip: Many investors automatically choose 1-year or 2-year deposits, but the 16-Month FD currently pays a better return and can help maximize earnings without a very long lock-in period.
📌 Quick Insight: Senior citizens can earn up to 0.70% extra interest compared to regular depositors depending on the tenure selected.
⚠ Important: TDS may apply if your total annual FD interest exceeds ₹40,000 for regular customers or ₹50,000 for senior citizens as per applicable tax rules.
Read Below: FD Types • Features & Benefits • How To Open a Cosmos Bank FD • Premature Withdrawal Rules
1. Types of Cosmos Bank Fixed Deposits
Cosmos Bank offers different FD options for different needs, whether you want regular savings, tax benefits, emergency funds, or higher returns on large deposits. The product details are based on the information provided in your source material.
- 1. Regular Term Deposit: The standard FD option for most customers. Start from ₹1,000, choose a tenure from 7 days to 10 years, and receive interest monthly, quarterly, or at maturity.
- 2. Tax Saver FD: Designed for investors looking to claim Section 80C tax benefits. Comes with a 5-year lock-in period and premature withdrawal is not allowed.
- 3. Non-Callable FD: Suitable for large deposits above ₹2 crore. Offers slightly higher interest rates, but money remains locked for the selected tenure.
- 4. Flexi Fixed Deposit (Sweep FD): Excess money from your savings or current account automatically moves into an FD and comes back whenever required, helping you earn extra interest without losing liquidity. It gives 3.00% for 30 days.
- 5. Cosmo Care Deposit: A special FD meant for medical emergencies. Allows quick access to funds during hospitalization and also offers an overdraft facility.
📌 Most retail investors choose the Regular FD because it offers flexible tenures, loan-against-FD facility, and premature withdrawal options. Tax Saver and Non-Callable FDs are usually chosen for specific financial goals.
2. Core Traditional Deposit Formats
- Cumulative Fixed Deposit: Best for people who do not need regular income. The interest keeps getting added to the FD and compounds over time. At maturity, you receive the full amount together, including principal and interest.
- Non-Cumulative Fixed Deposit: Suitable for people who want regular income from their savings. Interest is paid directly to your account every month, quarter, or half-year while the principal remains invested until maturity.
📌 Planning Tip: If you are investing for a future goal like a house, child’s education, or retirement, a Cumulative FD usually gives a higher maturity amount. If you need regular cash flow for monthly expenses, a Non-Cumulative FD may be a better choice.
3. Premature Closure Rules and Interest Loss
- 1. Interest Rate Recalculation: If you close the FD early, the bank may apply the interest rate applicable for the actual period completed instead of the original FD rate.
- 2. Premature Closure Penalty: The applicable rate may be reduced further by around 0.50% to 1.00% as per the bank’s policy.
- 3. Very Early Closure: FDs closed within the initial lock period may receive little or no interest.
📌 Real Life Example: Sakshi invested ₹5 lakh in a 5-year FD at 6.75% p.a. She expected to earn around ₹2.00 lakh interest if she stayed invested for the full tenure. However, she closed the FD after 14 months due to a property payment. After interest recalculation and a 1% premature closure penalty, her interest came to roughly ₹45,000–₹48,000 instead of the amount she would have earned by keeping the FD till maturity. In simple words, early closure reduced her overall returns significantly.
4. Tax Rules, TDS and Form 15G/15H: Save Tax
The interest earned from your FD is taxable and must be reported while filing your Income Tax Return.
- 1. Interest is Taxable: FD interest is treated as Income from Other Sources and taxed according to your income tax slab.
- 2. Submit Form 15G / 15H: If your total taxable income is below the tax limit, you can submit Form 15G. Senior citizens can submit Form 15H to avoid unnecessary TDS deduction.
- 3. PAN Must Be Updated: Make sure your PAN is linked with the bank. If PAN details are missing or invalid, the bank may deduct TDS at a higher rate.
📌 Example: Suppose Neha earns ₹18,000 as FD interest during the year. If she has already submitted a valid Form 15G and her income is below the taxable limit, the bank may not deduct TDS. However, if her PAN is not updated, TDS can be deducted at a higher rate, reducing the amount she receives.
5. How to Open a Cosmos Bank FD Online
If you already have a Cosmos Bank Savings Account, you can open an FD online in just a few minutes.
- Open the Cosmo Mobile App or log in to Cosmos Net Banking.
- Go to the Deposits section and select Open Fixed Deposit.
- Choose Cumulative or Non-Cumulative FD.
- Enter the FD amount (starting from ₹1,000) and select the tenure.
- Select the Savings Account from which the money will be deducted.
- Add nominee details for the FD.
- Review the interest rate, maturity amount, and other details.
- Verify using OTP and submit the request.
📌 Tip: Once the FD is created, the bank generates an electronic FD receipt showing the deposit amount, interest rate, and maturity date. Save this receipt for future reference.
6. Cosmos Bank FD vs Other Popular Banks
Before opening an FD, many investors compare rates across banks to see where they can earn better returns.
| Bank | Regular Rate | Senior Citizen Rate | Best Tenure |
|---|---|---|---|
| Cosmos Bank | 7.05% | 7.30% | 16 Months |
| SBI | 6.75% | 7.25% | 2 Years to Less Than 3 Years |
| HDFC Bank | 7.00% | 7.50% | 18 Months to Less Than 2 Years |
| ICICI Bank | 7.00% | 7.50% | 15 Months to Less Than 18 Months |
| Axis Bank | 7.10% | 7.60% | 17 Months to Less Than 18 Months |
| Post Office TD | 7.50% | 7.50% | 5 Years |
📌 Reality Check: Cosmos Bank offers competitive FD rates, especially in the 16-month tenure. However, if your goal is only to get the highest possible return, some private banks and the Post Office Time Deposit currently offer slightly better rates for selected tenures.
Frequently Asked Questions
How to use the Cosmos Bank FD calculator?
Open Cosmos Bank FD calculator, enter the deposit amount, tenure, and payout type. It shows interest and maturity instantly. Use it before booking FD to compare monthly versus cumulative returns.
Are Cosmos Bank FD rates fixed or floating?
Cosmos Bank FD rates are fixed. Once you book FD, rate stays same till maturity. Bank may change rates later, but old FDs are not affected.
Does Cosmos Bank allow you to take a loan against a fixed deposit?
Yes. You can secure a loan or an overdraft facility against your active resident fixed deposit up to 85% to 90% of its current value. This approach allows you to secure short-term liquidity for medical or business emergencies without breaking your deposit and triggering premature withdrawal interest penalties.
What are Cosmos Bank fixed deposit interest rates for senior citizens?
In February 2026, senior citizens get up to 7.30% per year at Cosmos Bank. Best rate is for 16-month FD with monthly or quarterly interest payout.
What is minimum FD amount and maximum tenure in Cosmos Bank?
Minimum FD amount in Cosmos Bank is ₹1,000, in ₹100 multiples. FD period starts from 7 days and goes up to maximum 10 years option.
Is Cosmos Bank FD safe for small savers?
Cosmos Bank FDs are covered under DICGC insurance up to ₹5 lakh per depositor. This gives basic safety for small savers and retired people only.
Can a resident senior citizen open a joint FD with a younger relative and still get the 7.30% rate?
Yes. To claim the senior citizen interest rate premium on a joint account, the primary first-named holder must be a resident senior citizen aged 60 or above. If the younger relative is listed as the primary holder, the account defaults to regular public interest rates.
Read – Top 10 Co-operative Bank FD Interest Rates
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