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Kotak Mahindra Bank hikes fixed deposit rates. Latest FD interest rates here


Kotak Mahindra Financial institution has hiked the rate of interest on fastened deposits (FD) throughout varied tenors. After the most recent revision, for FDs maturing in 7 to 30 days, 31 to 90 days and 91 to 120 days, Kotak Mahindra Financial institution presents an rate of interest of two.5%, 2.75% and three% respectively. These charges are relevant from 6 January 2022.

The financial institution had final revised FD charges on 30 September 2021.

For time period deposits maturing in 121-179 days and 180 days, the financial institution has hiked the charges by 5 foundation factors (bps). These deposits will fetch rates of interest of three.25% and 4.3% respectively. FDs with tenure 181 and 363 days will give 4.40% and time period deposits maturing in 364 days will now give 10 bps extra i.e, 4.5%.

Deposits maturing in 12 months to 389 days will now give 4.9%. FDs maturing in 390 days to Lower than 23 months will give 5%

For time period deposits maturing in 3 years and above however lower than 5years, the financial institution has hiked charges by 10 bps. These deposits will now give 5.3%. For deposits maturing in 5 years and above as much as and inclusive of 10 years, the financial institution has hiked rate of interest by 5 bps, these deposits will now give 5.3%

Kotak Mahindra Financial institution newest FD charges (beneath 2 crore) for most of the people efficient 6 January 2022

7 – 14 days 2.50%

15 – 30 days 2.50%

31 – 45 days 2.75%

46 – 90 days 2.75%

91 – 120 days 3%

121 – 179 days 3.25%

180 days 4.3%

181 days to 269 days 4.40%

270 days 4.40%

271 days to 363 days 4.40%

364 days 4.5%

12 months to 389 days 4.9%

390 days (12 months 25 days) 5%

391 days – Lower than 23 months 5%

23 months 5.10%

23 months 1 day- lower than 2 years 5.10%

2 years- lower than 3 years 5.15%

3 years and above however lower than 4 years  5.3%

4 years and above however lower than 5 years 5.3%

5 years and above as much as and inclusive of 10 years 5.3%

Kotak Mahindra Financial institution newest FD charges (beneath 2 crore) for senior residents

Senior residents proceed to get 50 foundation factors increased rates of interest than most of the people. The financial institution presents rates of interest from 3% to five.8% on FDs maturing in 7 days to 10 years.

Final month, HDFC Financial institution and Ujjivan Small Finance Financial institution introduced a hike in FD charges.

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