Kotak Mahindra Bank hikes FD rates; now earn 7.9% on this fixed deposit tenure
FD interest of up to 9.21%:These banks offer over 9% interest rate on fixed deposits for senior citizens
Kotak Mahindra Bank offers an interest rate between 2.75% to 7.40% to general citizens and 3.25% to 7.90% for senior citizens. Earlier the bank was offering an interest rate between 2.75% to 7.25% to general citizens and 3.25% to 7.75% for senior citizens.
On which tenure the bank offers highest interest rate
The bank provides the highest FD interest rate of 7.4% on deposits maturing between 390 days and less than 23 months for regular citizens. The rate on deposits maturing in 23 months or less than two years is 7.3% for regular citizens.
Latest Kotak Mahindra FD interest rates
Maturity Periods — Regular7 — 14 Days2.75%15 — 30 Days3.00%31 — 45 Days3.25%46 — 90 Days3.50%91 — 120 Days4.00%121 — 179 days4.25%180 Days7.00%181 Days to 269 Days6.00%270 Days6.00%271 Days to 363 Days6.00%364 Days6.50%365 Days to 389 Days7.10%390 Days (12 months 24 days)7.40%391 Days — Less than 23 Months7.40%23 Months7.30%23 months 1 Day- less than 2 years7.30%2 years- less than 3 years7.15%3 years and above but less than 4 years7.00%4 years and above but less than 5 years7.00%5 years and above upto and inclusive of 10 years6.20%
Senior citizens highest interest rate
The bank provides the highest FD interest rate of 7.9% on deposits maturing between 390 days and less than 23 months for senior citizens. The rate on deposits maturing in 23 months or less than two years is 7.85% for senior citizens.
