Cosmos Bank

As of September 2026, Cosmos Bank offers up to 7.10% p.a. on Fixed Deposits and up to 0.00% p.a. on Savings Accounts based on the balance slabs maintained.

Yes, Cosmos Bank is a scheduled bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by the DICGC, which covers principal and interest across all account types.

The minimum tenure for a fixed deposit with Cosmos Bank starts from 7 Days. Senior citizens receive an additional interest rate benefit of up to 0.70% p.a. over general citizen rates.

Yes, interest earned on deposits is taxable. Savings account interest is tax-free up to ₹10,000 per year (₹50,000 for senior citizens) under Section 80TTA/80TTB. FD interest is fully taxable, and TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.