Fastened Deposit Curiosity Charge: Now this personal sector financial institution has elevated FD charges, incomes alternative for you

Fastened Deposit Charge of Kotak Mahindra Financial institution: Kotak Mahindra Financial institution has elevated the curiosity on a few of its FDs . These new charges can be relevant for FDs of lower than Rs 2 crore .

The brand new charges have come into impact from yesterday, November 23. Kotak Financial institution is providing FDs starting from 7 days to 10 years to its prospects. It's providing curiosity starting from 2.75 per cent to six.20 per cent to normal prospects. On the identical time, senior residents are being given curiosity of three.25 per cent to six.70 per cent. The financial institution is paying the best curiosity of seven% on FDs starting from 23 months to 2 years. Earlier, the financial institution had elevated the FD charges on 1 November. Kotak Financial institution has elevated the curiosity for the second time in a month.

These are the brand new charges of Kotak Financial institution

7 days to 14 days – For normal public: 2.75 per cent; For Senior Citizen: 3.25 %

15 days to 30 days – For normal public: 3.00 per cent; For Senior Citizen: 3.50 %

31 days to 45 days – For normal public: 3.25 per cent; For Senior Citizen: 3.75 %

46 days to 90 days – For normal public: 3.50 per cent; For Senior Citizen: 4.00 %

91 days to 120 days – For normal public: 4.00 per cent; For Senior Citizen: 4.50 %

121 days to 179 days – For normal public: 4.25 per cent; For Senior Citizen: 4.75 %

180 days – For normal public: 5.50 per cent; For Senior Citizen: 6.00 %

181 days to 269 days – For normal public: 5.50 per cent; For Senior Citizen: 6.00 %

270 days – For normal public: 5.50 per cent; For Senior Citizen: 6.00 %

271 days to 363 days – For normal public: 5.75 per cent; For Senior Citizen: 6.25 %

364 days – For normal public: 6.00 per cent; For Senior Citizen: 6.50 %

twelve months to 389 days – For normal public: 6.25 per cent; For Senior Citizen: 6.75 %

390 days (12 months 25 days) – For normal public: 6.40 per cent; For Senior Citizen: 6.90 %

391 days to lower than 23 months – For normal public: 6.40 per cent; For Senior Citizen: 6.90 %

23 months – For normal public: 6.50 per cent; For Senior Citizen: 7 %

23 months 1 day to lower than 2 years – For normal public: 7 %; For Senior Citizen: 6.80 %

2 years to lower than 3 years – For normal public: 6.40 per cent; For Senior Citizen: 6.90 %

3 years and above however lower than 4 years – For normal public: 6.30 per cent; For Senior Citizen: 6.80 %

4 years and above however lower than 5 years – For normal public: 6.25 per cent; For Senior Citizen: 6.75 %

5 years and above and as much as and together with 10 years – For normal public: 6.20 per cent; For Senior Citizen: 6.70 %.

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