India News
Search Web Directory
News Home
Kotak Mahindra Bank revises fixed deposit rates. Latest FD rates here
Posted on 14th August 2019
Kotak Mahindra Bank has revised interest rates on fixed deposits (FDs) days after RBI reduced repo rate earlier this month. Kotak Mahindra Bank's new FD rates came into effect from 9 August 2019. Other private sector lenders Axis Bank and ICICI Bank also revised interest rates effective 10th and 14th August respectively. Kotak Mahindra Bank offers an interest rate ranging from 3.50% to 6.90% for FDs maturing in 7 days to 10 years. The bank has reduced interest rates on FDs across all tenures in the range of 10 to 40 basis points.

For FDs maturing in 7 to 45 days, Kotak Mahindra Bank has kept the rate unchanged, offering interest rate between 3% and 5%. After the latest revision, Kotak Mahindra Bank is offering 5.25% interest on FDs between 46-90 days. For 91 to 120 days, the interest rate is 5.75%. Kotak Mahindra Bank pays interest rate of 6.00% on FDs between 121 and 179 days. For term deposits maturing in 180 to 270 days, Kotak Mahindra Bank pays 6.40% interest. For 271 days to 364 days, the bank offers an interest rate of 6.75%

On FDs maturing between one year to 389 days, Kotak Mahindra Bank offers 6.75% interest. For deposits maturing in 390 days, the bank offers an interest rate of 6.90%. For FDs maturing in 390 days to less than 23 months, Kotak Mahindra Bank gives 6.80% interest. For deposits maturing in 23 months to less than 2 years, the bank offers 6.8% interest.

Kotak Mahindra Bank has slashed the interest rate by 30 basis points on deposits maturing in 2 years to less than 3 years, while on FDs maturing in 3 years to 10 years, the bank has slashed the interest rate by 25 basis points. Deposits maturing in 2 to less than 3 years will fetch 6.80% interest. FDs maturing in 3 years and above but less than 4 years, will earn an interest rate of 6.75%. For FDs maturing in 4 years and above but less than 5 years, the bank offers an interest rate of 6.50%. Kotak Mahindra Bank pays 6.25% interest for FDs maturing in 5 years to 10 years.

Related Companies: Kotak Mahindra Group   

Other Latest News
UK launches points-based visa system to attract best talent of the world
Posted on 19th January 2020

Home Secretary Priti Patel on Wednesday announced the launch of the UK's new points-based visa system, aimed at attracting the brightest and the best from the world, including from India, and cutting down numbers of cheap, low-skilled workers coming to the country.

The new system will come into force from January 1 2021 at the end of the transition period after the UK's exit from the European Union (EU) last month, which will formally end free movement of people within the economic bloc for the UK as a non-member.

26/11 would have been dubbed as 'Hindu terror' attack: Maria
Posted on 19th February 2020

Former Mumbai police commissioner Rakesh Maria has claimed that had Pakistani terrorist Mohammed Ajmal Kasab not been caught alive, the 26/11 Mumbai terror attack would have been dubbed as the handiwork of Hindu terrorists.

Kasab's body would have been found with an I-card bearing a fictitious Hindu name, Maria writes in his memoir 'Let Me Say It Now' released recently.

Ayodhya Ram Temple: First meeting of Ram Mandir Trust at Parasaran’s Delhi residence today
Posted on 19th February 2020

The first meeting of the Ram Mandir Trust to oversee construction of a Ram temple at Ayodhya will be held here on Wednesday at the Delhi residence of K Parasaran, the head of the Trust. The Trust has been constituted by the Narendra Modi government.

The trust meeting is likely to finalise the date to start construction of the Ram Temple. Modi had announced the formation of the 15-member trust in Parliament on February 5. The Shri Ram Janmabhoomi Teertha Kshetra Trust has seven members, five nominated members and three trustees.

Hyderabad: UIDAI sends notice to 127 people to prove 'Indian citizenship'
Posted on 19th February 2020

The Unique Identification Authority of India (UIDAI), that issues Aadhar cards, has asked at least 127 people in Hyderabad to prove their 'Indian citizenship'. In a notice, the authority has warned that their Aadhar cards will be cancelled if they don't verifiy their enrolment documents in person.

On Tuesday, a rickshaw driver named Sattar Khan was asked to appear before a UIDAI official on February 20 “with all necessary documents in original to prove all his claims of Indian citizenship”. The letter went viral on social media.

Kotak Mahindra Bank promoters get RBI nod to cap voting rights, pare stake
Posted on 19th February 2020

Private sector lender Kotak Mahindra Bank on Wednesday informed stock exchanges that the Reserve Bank of India (RBI) has given its final approval to the bank’s proposal on stake reduction in the bank and capping the promoters’ voting rights.

Further to our intimation dated 30th January 2020, please note that the Reserve Bank of India has granted its final approval vide its letter dated February 18, 2020 in the matter relating to dilution of promoters' shareholding in the bank, the bank said.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Kotak Mahindra Bank revises fixed deposit rates. Latest FD rates here
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Security Code*

Be the first person to write a business review for Kotak Mahindra Bank revises fixed deposit rates. Latest FD rates here

Most Read News

Coronavirus casts chill over aviation outlook despite Asian growth

SC directs political parties to upload details of pending criminal cases against candidates on website

Engine of GoAir flight catches fire during takeoff; all passengers safe

Coronavirus scare forces cancellation of Mobile World Congress in Spain

Ahead of Trump's visit, US lawmakers seek assessment of religious freedom situation in Kashmir

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
About us
Link to us
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020
    All Rights Reserved
Privacy Statement