Kotak Mahindra Bank hikes fixed deposit rates. Check latest FD rates here
1 year, 1 month ago

Kotak Mahindra Bank hikes fixed deposit rates. Check latest FD rates here

Live Mint  

Kotak Mahindra Bank has hiked the interest rate on fixed deposits. After the latest revision, Kotak Bank is offering an interest rate of 2.75% to 7.25% for general customers on deposits maturing in seven days to ten years. For FDs maturing in 7 to 14 days, 15 to 30 days, 31 to 45, 46 to 90 days, and 91 to 120 days, Kotak Mahindra Bank offers an interest rate of 2.75%, 3%, 3.25%, 3.50%, and 4% respectively. For term deposits maturing in 121 - 179 days, Kotak Mahindra Bank pays 4.25% interest, and for 180 days 7%. Kotak Mahindra Bank latest FD rates for the general public effective 25 October 2023 7 - 14 days 2.75% 15 - 30 days 3% 31 - 45 days 3.25% 46 - 90 days 3.50% 91 - 120 days 4% 121 - 179 days 4.25% 180 days 7% 181 days to 269 days 6% 270 days 6% 271 days to 363 days 6% 364 days 6.50% 365 days to 389 days 7.10% 390 days 7.15% 391 days - Less than 23 months 7.20% 23 months 7.25% 23 months 1 day- less than 2 years 7.25% 2 years- less than 3 years 7.10% 3 years and above but less than 4 years 6.50% 4 years and above but less than 5 years 6.25% 5 years and above up to and inclusive of 10 years 6.20% Kotak Mahindra Bank latest FD rates for senior citizens Senior citizens continue to get 50 basis points higher interest rates than the general public.

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