Interest rates on FD: This bank has increased the interest rates on FD, the chance to get returns up to 7.60% – kotak mahindra bank hike fd rates
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Virat Divanji, Group President and Head, Kotak Mahindra Bank, said, “With the RBI increasing key interest rates, we are passing on the benefits of this to our customers by offering higher interest rates on their savings.”
Rates on FDs up to 2 crores
Kotak Mahindra Bank is offering 6 per cent interest rate to regular citizens and 6.50 per cent interest rate to senior citizens on FDs ranging from 180 days to 364 days. Offering 6.25 per cent interest rate to regular customers and 6.75 per cent to senior citizens on 364-day FD. Offering 6.90 percent interest rate to regular customers and 7.40 percent to senior citizens on FDs of 365 days to 389 days. At the same time, on FDs ranging from 12 months 25 days to less than 2 years, it is offering 7.10 percent interest rate to regular customers and 7.60 percent to senior citizens.
Rates on deposits from 2 crore to 5 crore
Kotak Mahindra Bank is offering 6.50 percent interest rate on FDs of 180 days to 270 days. Offering 6.75 percent interest rate on FDs of 280 days to 364 days. Offering 7.20 percent interest rate on FDs of more than 365 days and less than 15 months. At the same time, it is offering 7.25 percent interest rate on FDs ranging from 15 months to less than 2 years.
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