Kotak Mahindra Bank has recently revised the interest rates on its FD from 10 April 2023. Kotak Bank is now giving 7 percent interest on one year FD. The bank has revised the interest only on this FD.
The annual interest rate on FDs of 2 years to less than 3 years will be 7 percent. The interest rate on FDs of 3 years to 4 years is 6.5 percent. It is getting 6.25 percent interest on FDs between 4 years and 5 years. Not only this, Indian Overseas Bank (IOBs) has also increased the interest rates on Fixed Deposit.
Interest rates are applicable from today
These new rates of Kotak Mahindra Bank have come into effect from today, April 10, 2023. The bank is now paying 7.20 per cent interest on FDs ranging from 390 days to less than two years. 6.20 percent interest is being received on FDs of more than 5 years. Along with this, senior citizens are getting 0.50 percent more interest. Here are the FD interest rates of Kotak Mahindra Bank from today.
- 7 days to 14 days – For general public: 2.75 per cent; For Senior Citizen: 3.25 percent
- 15 days to 30 days – For general public: 3.00 per cent; For Senior Citizen: 3.50 percent
- 31 days to 45 days – For general public: 3.25 per cent; For Senior Citizen: 3.75 percent
- 46 days to 90 days – For general public: 3.50 per cent; For Senior Citizen: 4.00 percent
- 91 days to 120 days – For general public: 4.00 per cent; For Senior Citizen: 4.50 percent
- 121 days to 179 days – For general public: 4.25 per cent; For Senior Citizen: 4.75 percent
- 180 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
- 181 days to 269 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
- 270 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
- 271 days to 363 days – For general public: 5.75 per cent; For Senior Citizen: 6.25 percent
- 364 days – For general public: 6.00 per cent; For Senior Citizen: 6.50 percent
- 365 days to 389 days – For general public: 7 percent; For Senior Citizen: 7.50 percent
- 390 days (12 months 25 days) – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
- 391 days to less than 23 months – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
- 23 months – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
- 23 months 1 day to less than 2 years – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
- 2 years to less than 3 years – For general public: 7 percent; For Senior Citizen: 7.50 percent
- 3 years and above but less than 4 years – For general public: 6.50 per cent; For Senior Citizen: 7 percent
- 4 years and above but less than 5 years – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent
- 5 years and above and up to and including 10 years – For general public: 6.20 per cent; For Senior Citizen: 6.70 percent.
Indian Overseas Bank Interest Rates
Indian Overseas Bank (IOB) has revised the interest rates on FDs from 10 April 2023. The bank is now offering 6.50 per cent interest on one year FD. The bank has increased the interest by 0.10 percent.
Interest on FD of 444 days has been increased from 7 per cent to 7.25 per cent per annum. For FDs between 2 years and 3 years, the interest rate increased from 6.4 percent to 6.8 percent. For FDs of more than 3 years, the interest is 6.5 per cent. No changes have been made to it.
