Kotak Mahindra Bank hikes fixed deposit rates. Latest FD Interest Rates Here

The bank last revised the FD rates on 30 September 2021.

For fixed deposits maturing in 121-179 days and 180 days, the bank has increased the rates by 5 basis points (bps). These deposits will fetch interest rates of 3.25% and 4.3% respectively. FDs with tenures of 181 and 363 days will pay 4.40% and fixed deposits maturing in 364 days will now pay 10 bps more i.e. 4.5%.

The deposits maturing in 365 days to 389 days will now get 4.9%. FDs maturing in 390 days to less than 23 months will pay 5%

For fixed deposits maturing in 3 years and above but less than 5 years, the bank has increased the rates by 10 bps. This deposit amount will now give 5.3%. The bank has increased the interest rate by 5 bps for deposits maturing in 5 years and above and up to 10 years, these deposits will now give 5.3%

Kotak Mahindra Bank Latest FD Rates (Below.) 2 crore) for general public effective 6 January 2022

7 – 14 days 2.50%

15 – 30 days 2.50%

31 – 45 days 2.75%

46 – 90 days 2.75%

91 – 120 days 3%

121 – 179 days 3.25%

180 days 4.3%

181 days to 269 days 4.40%

270 days 4.40%

271 days to 363 days 4.40%

364 days 4.5%

365 days to 389 days 4.9%

390 days (12 months 25 days) 5%

391 days – less than 23 months 5%

23 months 5.10%

23 months 1 day – less than 2 years 5.10%

2 years – less than 3 years 5.15%

3 years and above but less than 4 years 5.3%

4 years and above but less than 5 years 5.3%

5 years and above and including 10 years 5.3%

Kotak Mahindra Bank Latest FD Rates (Below.) 2 crore) for senior citizens

Senior citizens continue to get 50 basis points higher interest rates than the general public. The bank offers interest rates ranging from 3% to 5.8% on FDs maturing in 7 days to 10 years.

last month, HDFC Bank and Ujjivan Small Finance Bank Announced hike in FD rates.