The interest rate on FDs with a tenor of 390 days has been increased by ten basis points to 5.75 per cent from 5.65 per cent earlier. For FD tenors of less than 23 months – for 391 days, the bank has increased the interest rates from 5.65 per cent to 5.75 per cent. The interest rates for other FD tenors have been kept unchanged. Interest rates on FDs with a tenor of 3-10 years will continue to be available at 5.90 percent
Kotak Mahindra FD Interest Rates
The bank had increased fixed deposit interest rates For a select term in June.
Recurring Deposit Interest Rates
The bank offers 4.75 percent to 5.90 percent on recurring deposits for tenures ranging from 6 months to 10 years.
saving account
The bank offers 4 per cent interest rate for savings account deposits above Rs 50 lakh. For deposits below Rs 50 lakh, however, the annual percentage is 3.5 per cent. These rates were applicable from 13 June 2022.