Bank FD Interest Rate Hike : This bank increased the interest rate of FD! Will get more than 7% interest; See the new list

Kotak Mahindra Bank Fixed Deposit Interest Rate: Are you also thinking of making a fixed deposit in Kotak Mahindra Bank? If yes, then there is a good news for you. Investors can get the benefit of higher interest rates from the bank.

The bank is offering the benefit of higher interest rates on selected FDs. If you are also thinking of making a fixed deposit or have invested in Kotak’s FD, then let us know which FDs are being given the benefit of higher interest by the bank?

Increased up to 85 basis points on FD

Kotak Mahindra Bank has increased the interest rates on Fixed Deposit. The bank has increased the interest rate on FDs of different tenures which are less than Rs 2 crore by 85 basis points. The bank is giving the benefit of 7.80% interest rate on FD to senior citizens. This benefit will be given on FD of 23 months.

You will get more than 7% benefit on FD

Kotak Mahindra has increased the interest rates on fixed deposits. This increase has been made especially for senior citizens who will make FD of less than Rs 2 crore. On this they will get the benefit of 7.80% interest rate. Apart from this, there has been an increase of 85 basis points on FDs of other tenures.

Interest rates on FD for regular customers

• You will get the benefit of interest up to 7.25% on FD with a tenure of 23 months.
• Interest up to 7.25% will be available on FD for a period of 23 months, 1 day to 2 years.
• You will get the benefit of 7.10% interest on FD of 2 years to 3 years.
• You will get the benefit of 7% interest on FD of 3 to 4 years.
• You will also get the benefit of 7% interest on FD of 4 to 5 years.

Interest rates on FD for senior citizens

• You will get the benefit of interest up to 7.80% on FD with a tenure of 23 months.
• Interest up to 7.80% will be available on FD for the period of 23 months, 1 day to 2 years.
• You will get the benefit of 7.65% interest on FD of 2 years to 3 years.
• You will get the benefit of 7.60% interest on FD of 3 years to 4 years.
• FD of less than 4 years to 5 years will also get the benefit of 7.60% interest.

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