FD Interest Rate: Private sector bank Kotak Mahindra has also given a gift to its customers before Diwali. According to the bank’s official website, Kotak Mahindra Bank has increased the interest rates on fixed deposits of less than Rs 2 crore from October 19. Deposits with maturity of 15-30 days will now get 2.75 percent interest, as against 2.65 percent earlier.
The bank has also increased the interest rate for FDs of 121-179 days from 3.75 per cent to 4 per cent. The hike in Kotak Mahindra Bank FD interest rate comes at a time when the RBI is raising the key repo rate to control inflation. The bank has already increased interest rates on both loans and deposits.
Now this is the interest on FD of Kotak Mahindra Bank from October 19
7 days to 14 days – For general public: 2.50 percent; For Senior Citizen: 3.00 percent
15 days to 30 days – For general public: 2.75 percent; For Senior Citizen: 3.25 percent
31 days to 45 days – For general public: 3.25 percent; For Senior Citizen: 3.75 percent
46 days to 90 days – for general public: 3.25 percent; For Senior Citizen: 3.75 percent
91 days to 120 days – for general public: 3.75 percent; For Senior Citizen: 4.25 percent
121 days to 179 days – For general public: 4.00 percent; For Senior Citizen: 4.50 percent
180 days – for the general public: 5.00 percent; For Senior Citizen: 5.50 percent
181 days to 269 days – For general public: 5.00 percent; For Senior Citizen: 5.50 percent
270 days – for the general public: 5.00 percent; For Senior Citizen: 5.50 percent
271 days to 363 days – For general public: 5.25 percent; For Senior Citizen: 5.75 percent
364 days – For general public: 5.50 percent; For Senior Citizen: 6.00 percent
365 days to 389 days – For general public: 6.00 percent; For Senior Citizen: 6.50 percent
390 days (12 months 25 days) – For general public: 6.00 percent; For Senior Citizen: 6.50 percent
391 days to less than 23 months – For general public: 6.10 percent; For Senior Citizen: 6.60 percent
23 months – for the general public: 6.20 percent; For Senior Citizen: 6.70 percent
23 months 1 day to less than 2 years – For general public: 6.20 percent; For Senior Citizen: 6.70 percent
2 years to less than 3 years – For general public: 6.20 percent; For Senior Citizen: 6.70 percent
3 years and above but less than 4 years – For general public: 6.10 percent; For Senior Citizen: 6.60 percent
4 years and above but less than 5 years – For general public: 6.10 percent; For Senior Citizen: 6.60 percent
5 years and above and including 10 years – for general public: 6.10 percent; For Senior Citizen: 6.60 percent.
