Kotak Mahindra Bank revises mounted deposit charges. Latest FD rates of interest right here
2 min readKotak Mahindra Bank has revised the rate of interest on mounted deposits (FD). For FDs maturing in 7 to 30 days, 31 to 90 days and 91 to 179 days, Kotak Mahindra Bank provides an rate of interest of two.5%, 2.75% and three.25% respectively. For time period deposits maturing in 180 days to lower than a 12 months, Kotak Mahindra Bank pays 4.40% curiosity. For deposits maturing in a single 12 months to 389 days, the financial institution offers 4.50%.
For FDs maturing in 390 days to lower than 23 months, the financial institution will give 4.90%. For deposits maturing in 23 months to lower than 3 years, Kotak Mahindra Bank will give a 5% rate of interest. For time period deposits maturing in 3 years and above however lower than 4 years, the financial institution will give 5.10%. For deposits maturing in 4 years and above however lower than 5 years, Kotak Mahindra Bank offers a 5.25% rate of interest. For FDs maturing in 5 years and above as much as and inclusive of 10 years, the financial institution offers 5.30%. These charges are relevant from 25 March 2021.
Kotak Mahindra Bank newest FD charges (beneath ₹2 crore) for most people efficient 25 March 2021
7 – 14 days 2.50%
15 – 30 days 2.50%
31 – 45 days 2.75%
46 – 90 days 2.75%
91 – 120 days 3.25%
121 – 179 days 3.25%
180 days 4.40%
181 days to 269 days 4.40%
270 days 4.40%
271 days to 363 days 4.40%
364 days 4.40%
one year to 389 days 4.50%
390 days (12 months 25 days) 4.90%
391 days – Less than 23 months 4.90%
23 months 5%
23 months 1 day- lower than 2 years 5%
2 years- lower than 3 years 5%
3 years and above however lower than 4 years 5.10%
4 years and above however lower than 5 years 5.25%
5 years and above as much as and inclusive of 10 years 5.30%
Kotak Mahindra Bank newest FD charges (beneath ₹2 crore) for senior residents
Senior residents proceed to get 50 foundation factors larger rates of interest than most people. The financial institution provides rates of interest from 3% to five.8% on FDs maturing in 7 days to 10 years.
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