Bank Released New FD Rates 2024: If we talk about saving, the name of Fixed Deposit comes first. Investment in FD remains safe and gives guaranteed returns. If you also want to invest in FD then there is good news. Kotak Mahindra Bank has revised the interest rates on FD. Kotak Bank is offering the highest interest on short term FDs. The bank is offering interest ranging from 2.75 percent to 7.40 percent on these FDs.
Kotak Mahindra Bank: Kotak Mahindra Bank has revised the interest rates on FD. The bank has increased FDs of less than Rs 2 crore. The new interest rates of Kotak Bank have come into effect from 27 February 2024. Kotak Bank is offering FD ranging from 7 days to 10 years. The bank is offering interest ranging from 2.75 percent to 7.40 percent on these FDs. The bank is offering 7.90 percent interest on 390 day FD.
These are the new rates of Kotak Bank
- 7 days to 14 days – For general public: 2.75 percent; For senior citizens: 3.25 percent
- 15 days to 30 days – For general public: 3.00 percent; For senior citizens: 3.50 percent
- 31 days to 45 days – For general public: 3.25 percent; For senior citizens: 3.75 percent
- 46 days to 90 days – For general public: 3.50 percent; For Senior Citizen: 4.00 percent
- 91 days to 120 days – For general public: 4.00 percent; For senior citizens: 4.50 percent
- 121 days to 179 days – For general public: 4.25 percent; For senior citizens: 4.75 percent
- 180 days – For general public: 7 percent; For senior citizens: 7.50 percent
- 181 days to 269 days – For general public: 6 percent; For senior citizens: 6.50 percent
- 270 days – For general public: 6 percent; For senior citizens: 6.50 percent
- 271 days to 363 days – For general public: 6 percent; For senior citizens: 6.50 percent
- 364 days – For general public: 6.50 percent; For senior citizens: 7 percent
- 365 days to 389 days – For general public: 7.10 percent; For senior citizens: 7.60 percent
- 390 days (12 months 25 days) – For general public: 7.40 percent; For senior citizens: 7.90 percent
- 391 days to less than 23 months – For general public: 7.40 percent; For senior citizens: 7.90 percent
- 23 months – For general public: 7.30 percent; For senior citizens: 7.85 percent
- 23 months 1 day to less than 2 years – For general public: 7.30 percent; For senior citizens: 7.85 percent
- 2 years to less than 3 years – For general public: 7.15 percent; For senior citizens: 7.60 percent
- 3 years and more but less than 4 years – For general public: 7 percent; For senior citizens: 7.60 percent
- 4 years and more but less than 5 years – For general public: 7 percent; For senior citizens: 7.60 percent
- 5 years and above up to and including 10 years – For general public: 6.20 per cent; For senior citizens: 6.70 percent.
