Kotak Mahindra Bank: Kotak Mahindra Bank has given a gift to the customers. The bank has once again increased the interest rates on FD. Kotak Bank has increased the interest rate on FDs of 3 years and above but less than 4 years by 0.50 percent. At the same time, the interest rate on FDs of more than 4 years but less than 5 years has been increased by 0.75 percent.
Kotak Mahindra Bank : Kotak Mahindra Bank has given a gift to the customers. The bank has once again increased the interest rates on FD. Kotak Bank has increased the interest rate on FDs of 3 years and above but less than 4 years by 0.50 percent. At the same time, the interest rate on FDs of more than 4 years but less than 5 years has been increased by 0.75 percent. Kotak Bank has implemented this change in interest rates on FD today from December 11, 2023.
Bank is giving minimum 7 days FD
The bank is currently offering interest ranging from 2.75 percent to 6.20 percent. The bank is offering FD ranging from 7 days to 10 years. Kotak Bank is giving maximum interest of 7.25 percent to general customers and 7.75 percent to senior citizens.
These are the new rates of Kotak Bank
7 days to 14 days – For general public: 2.75 percent; For senior citizens: 3.25 percent
15 days to 30 days – For general public: 3.00 percent; For senior citizens: 3.50 percent
31 days to 45 days – For general public: 3.25 percent; For senior citizens: 3.75 percent
46 days to 90 days – For general public: 3.50 percent; For Senior Citizen: 4.00 percent
91 days to 120 days – For general public: 4.00 percent; For senior citizens: 4.50 percent
121 days to 179 days – For general public: 4.25 percent; For senior citizens: 4.75 percent
180 days – For general public: 7 percent; For senior citizens: 7.50 percent
181 days to 269 days – For general public: 6 percent; For senior citizens: 6.50 percent
270 days – For general public: 6 percent; For senior citizens: 6.50 percent
271 days to 363 days – For general public: 6 percent; For senior citizens: 6.50 percent
364 days – For general public: 6.50 percent; For senior citizens: 7 percent
365 days to 389 days – For general public: 7.10 percent; For senior citizens: 7.60 percent
390 days (12 months 25 days) – For general public: 7.15 percent; For senior citizens: 7.65 percent
391 days to less than 23 months – For general public: 7.20 percent; For senior citizens: 7.70 percent
23 months – For general public: 7.25 percent; For senior citizens: 7.75 percent
23 months 1 day to less than 2 years – For general public: 7.25 percent; For senior citizens: 7.75 percent
2 years to less than 3 years – For general public: 7.10 percent; For senior citizens: 7.60 percent
3 years and more but less than 4 years – For general public: 7 percent; For senior citizens: 7.60 percent
4 years and more but less than 5 years – For general public: 7 percent; For senior citizens: 7.50 percent
5 years and above up to and including 10 years – For general public: 6.20 per cent; For senior citizens: 6.70 percent.
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