Kotak Mahindra Bank Rates: Private sector Kotak Mahindra Bank has increased interest rates on its savings accounts and fixed deposits. After this, bank account holders and FD holders will get more interest. This is good news for the account holders and depositors of the bank.
How much interest rates increased on savings account
Kotak Mahindra Bank has increased the interest rates on savings accounts. The bank has now increased its interest rates to 4 percent, which was earlier at 3.5 percent. These new rates of the bank will be applicable from June 13 i.e. next Monday.
How much increased rates on bank FD
Kotak Mahindra Bank has increased the interest rates on fixed deposits by 15 basis points i.e. up to 15 basis points. The increase in interest rates by Kotak Mahindra Bank on its FDs will be applicable from June 10, 2022 i.e. tomorrow.
Know the rate of interest rates of different tenures of the bank
The bank has increased the interest rate on bank FDs with tenor more than one year.
Kotak Mahindra Bank has increased the interest rates of 365-389 days FD from 5.40 percent to 5.50 percent.
Kotak Mahindra Bank has increased the interest rates of 390 days FD from 5.50 percent to 5.65 percent.
The interest rates have been increased from 5.50 per cent to 5.65 per cent for a period ranging from 391 days to 23 months i.e. less than 2 years.
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