Business

Kotak Mahindra Banks Raises FD Interest Rates

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  • For FDs maturing within 7-14 days: For this duration, the regular FD interest rates are 2.75%. As for senior citizens, the rates are calculated at 3.25% for the same tenure. 

  • For FDs maturing within 15-30 days: For this duration, the regular FD interest rates are 3%. As for senior citizens, the rates are calculated at 3.50% for the same tenure. 

  • For FDs maturing within 31-45 days: For this term, the regular FD interest rates are calculated at 3.25%. As for senior citizens, the rates are calculated at 3.75% for the same tenure. 

  • For FDs maturing within 46-90 days: The regular FD interest rates are 3.50% for this term. As for senior citizens, the rates are calculated at 4% for the same tenure. 

  • For FDs maturing within 91-120 days: For this duration, the regular FD interest rates are 4%. As for senior citizens, the rates are calculated at 4.50% for the same tenure. 

  • For FDs maturing within 121-179 days: The regular FD interest rates for this term is 4.25%. As for senior citizens, the rates are calculated at 4.75% for the same tenure. 

  • For FDs maturing within 180 days: For this duration, the regular FD interest rates are 5.50%. As for senior citizens, the rates are calculated at 6% for the same tenure. 

  • For FDs maturing within 181 days-269 days: For this duration, the regular FD interest rates are at 5.50%. As for senior citizens, the rates remain at 6% for the same tenure. 

  • For FDs maturing within 270 days: For this duration, the regular FD interest rates remain at 5.50%. As for senior citizens, the rates are calculated at 6% for the same tenure. 

  • For FDs maturing within 271 days-363 days: For this duration, the regular FD interest rates are calculated at 5.75%. For senior citizens, the rates are calculated at 6.25% for the same tenure. 

  • For FDs maturing within 364 days: The regular FD interest rates for this term is 6%. As for senior citizens, the rates are calculated at 6.50% for the same tenure. 

  • For FDs maturing within 365 days-389 days: The regular FD interest rates for this term is 6.25%. As for senior citizens, the rates are calculated at 6.75% for the same tenure. 

  • For FDs maturing within 390 days (12 months 25 days): The regular FD interest rates for this term is 6.30%. As for senior citizens, the rates are calculated at 6.80% for the same tenure. 

  • For FDs maturing within 391 days to less than 23 months: The regular FD interest rates for this term is calculated at 6.30%. As for senior citizens, the rates are calculated at 6.80% for the same tenure. 

  • For FDs maturing within 23 months: The regular FD interest rates for this term remains at 6.30%. As for senior citizens, the rates are calculated at 6.80%. 

  • For FDs maturing within 23 months 1 day to less than 2 years: The regular FD interest rates for this term is calculated at 6.30%. For senior citizens, the rates remain at 6.80% for the same duration. 

  • For FDs maturing within 2 years to less than 3 years: The regular FD interest rates for this term remains at 6.30%. As for senior citizens, the rates are 6.80%. 

  • For FDs maturing within 3 years and above but less than 4 years: The regular FD interest rates for this term is calculated at 6.25%. As for senior citizens, the rates are calculated at 6.75%. 

  • For FDs maturing within 4 years and above but less than 5 years: For this term, the regular FD interest rates are calculated at 6.20%. For senior citizens, the rates are calculated at 6.70% for the same tenure. 

  • For FDs maturing within 5 years and above up to and inclusive of 10 years: The regular FD interest rates are calculated at 6.20% for this term. As for senior citizens, the rates remain at 6.70% for the same tenure. 



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