Kotak Mahindra Bank Fixed Deposit Rate: Kotak Mahindra Bank has given gifts to customers before Diwali. Kotak Bank has once again hiked interest rates on FDs. The bank has revised the interest rate on FDs below Rs 2 crore from October 25, 2023. This time the bank has increased the interest rate on FDs from more than 2 years to less than 3 years by 0.10 percent. Also, the interest on FDs of 23 months, 1 day to less than 2 years has been increased by 0.05 percent.
Bank is giving minimum 7 days FD
The bank currently offers interest ranging from 2.75 percent to 6.20 percent. Banks are offering FDs from 7 days to 10 years. Kotak Bank offers maximum interest of 7.25 percent to general customers and 7.75 percent to senior citizens.
This is the new rate 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 Citizens: 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 above but below 4 years – For general public: 6.50 percent; For senior citizens: 7 percent
4 years and above but below 5 years – For general public: 6.25 percent; For senior citizens: 6.75 percent
5 years and above and including 10 years – For general public: 6.20 percent; For Senior Citizens: 6.70 percent.
Kotak Mahindra Bank