Fixed deposit interest rates are subject to change from time to time.Kotak Mahindra Bank has revised its fixed deposit interest rates with effect from November 7, 2019.
After the revision, Kotak Mahindra Bank pays interest rates in the range of 3.50-6.50per cent to the general public on fixed deposits (FD) up to Rs 2 crore, over maturity periods ranging from seven days to 10 years, according tolender's website - kotak.com.
The bank pays slightly higher returns to senior citizen customers.
In the same range of maturity options, the bank pays interest rates to the tune of 4-7per cent to senior citizens on these FDs.
(Axis Bank Revises Fixed Deposit Interest Rates From This Month)Kotak Mahindra Bank offers an interest rate of 6.4per cent to the general public on fixed deposits up to Rs2 crore over a maturity period of 364 days.
On FDs of a lock-in period - or term - of 365 days to 389 days, the bank provides an interest rate of 6.4 per cent to the general public and 6.9per cent to senior citizens.
respectively, according to the bank's website.Fixed deposit interest rates are subject to change from time to time.
Public sector banking majors State Bank of India and Punjab National Bank have also revised their FD rates for select maturity options this month.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com.
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