Bank FD Interest Rates: If you also have a plan to get FD in the bank, then this is important news for you. From now on, customers of private sector banks will get the benefit of higher interest on fixed deposit rates.
Bank FD Rates: If you also have a plan to get FD in the bank, then this is important news for you. From now on, customers of private sector banks will get the benefit of higher interest on fixed deposit rates. Let us tell you that Kotak Mahindra Bank has increased the interest rates of FD. The new rates of the bank have come into effect from Monday, September 19.
How much did interest rates increase?
Let us tell you that the bank has decided to increase the rates of fixed deposits maturing in 2 to 10 years. The bank has increased the interest rates by 10 basis points.
How much interest will be received –
7 to 14 days – 2.50 percent
15 to 30 days – 2.65 percent
31 to 45 days – 3.25 percent
46 to 90 days – 3.25 percent
91 to 120 days – 3.75 percent
121 to 179 days – 3.75 percent
180 days – 5%
181 to 269 days – 5 percent
270 days – 5 percent
271 to 363 days – 5 percent
364 days – 5.25 percent
365 days 389 days – 5.75 percent
390 days – 6 percent
391 days – 6 percent
23 months – 6.10 percent
3 years to 10 years – 6.10 percent
Get the benefit of fixed interest
Let us tell you that at this time the customers of all major government and private banks are getting the benefit of higher interest. Along with this, FD is a very good scheme for investment. In this you get the benefit of fixed interest.
Get 50 basis points more interest
Apart from this, if we talk about senior citizens, then these people also get the benefit of more interest from the bank than the general public. These customers get 50 basis points extra interest from the bank.