Kotak Mahindra Bank hikes interest rates on fixed deposits of less than ₹2 Cr
New Interest rates on fixed deposits below ₹2 Cr have been hiked by the private sector lender Kotak Mahindra Bank.
The bank increased interest on fixed deposits with terms ranging from 1 year to 10 years as a result of the revision.
The bank will continue to offer interest rates of 2.65% for fixed deposits maturing in 15 to 30 days
Kotak Mahindra Bank will continue to pay an interest rate of 5.00% on fixed deposits maturing in 180 days to 363 days
Fixed deposits that mature in 365 days to 389 days will continue to earn interest at a rate of 5.75%.
Fixed deposits with maturities between 23 months and less than two years at an interest rate of 6.10%
The depositor needs to open a fixed deposit account with at least a minimum amount for Fixed Deposit, which is Rs. 5,000 for Kotak Mahindra Bank
Senior Citizen Get Extra 0.50% points while on Fixed Deposit
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