Fixed Deposit Rate of Kotak Mahindra Bank: Kotak Mahindra Bank has increased the interest on some of its FDs . These new rates will be applicable for FDs of less than Rs 2 crore .
The new rates have come into effect from yesterday, November 23. Kotak Bank is offering FDs ranging from 7 days to 10 years to its customers. It is offering interest ranging from 2.75 per cent to 6.20 per cent to general customers. At the same time, senior citizens are being given interest of 3.25 per cent to 6.70 per cent. The bank is paying the highest interest of 7% on FDs ranging from 23 months to 2 years. Earlier, the bank had increased the FD rates on 1 November. Kotak Bank has increased the interest for the second time in a month.
These are the new rates of Kotak Bank
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: 6.25 per cent; For Senior Citizen: 6.75 percent
390 days (12 months 25 days) – For general public: 6.40 per cent; For Senior Citizen: 6.90 percent
391 days to less than 23 months – For general public: 6.40 per cent; For Senior Citizen: 6.90 percent
23 months – For general public: 6.50 per cent; For Senior Citizen: 7 percent
23 months 1 day to less than 2 years – For general public: 7 percent; For Senior Citizen: 6.80 percent
2 years to less than 3 years – For general public: 6.40 per cent; For Senior Citizen: 6.90 percent
3 years and above but less than 4 years – For general public: 6.30 per cent; For Senior Citizen: 6.80 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.
