Tuesday, December 6, 2022
HomeBusinessGood news for the customers of this private sector bank! Will...

Good news for the customers of this private sector bank! Will get more interest on FD scheme

Kotak Mahindra Bank FD Rate Hike: Private and public sector banks of the country have been increasing their FD Scheme, Saving Account and Loan Interest Rates (Loan Offers) in the recent past. The reason for this is the increase in the repo rate by the Reserve Bank. Recently, the Reserve Bank has taken some special steps to control the rising inflation in the country. The most important step in this is the increase in the repo rate. Only after this decision, all the big and small banks and NBFCs have made their loans expensive. Along with this, higher returns are also being available on FD and savings account. Kotak Mahindra Bank has once again decided to increase its FD interest rates.

The bank has increased its fixed deposit scheme by 10 basis points for different tenures. These new rates have come into effect from July 1, 2022. The bank is offering 2.50% to 5.90% interest rates on FDs with tenures ranging from 7 days to 10 years. So let us tell you about the interest rate offered by the bank on FD-

Kotak Mahindra Bank gets this interest on FD of less than 2 crores-

    • 7-14 days- 2.50%
    • 15-30 days- 2.50%
    • 31-45 days- 3.00%
    • 46-90 days- 3.00%
    • 91-120 days- 3.50%
    • 121-179 days- 3.50%
    • 180 days – 4.75%
    • 181-269 days- 4.75%
    • 270 days – 4.75%
    • 271-363 days – 4.75%
    • 364 days-5.25%
    • 365-389 days-5.50%
    • 391 days to 23 months – 5.75%
    • 23 months- 5.75%
    • 23 months 1 day – less than 2 years – 5.75%
    • Less than 2 to 3 years – 5.75%
    • Less than 3 to 4 years – 5.90%
    • Less than 4 to 5 years – 5.90%
    • 5 to 10 years – 5.90%

 

- Advertisement -
MOBILE

- Advertisment -

- Advertisment -spot_imgspot_imgspot_img

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News

spot_img