IndiaCatalog.com
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
TVS launches sportier NTorq 125 Race Edition
Posted on 23rd September 2019
TVS has launched the sportier NTorq 125 Race Edition in India at Rs 62,995 (ex-showroom Delhi) just a couple of days after it was teased. The newly launched variant is dearer by Rs 3000 over the disc brake-equipped model. It gets a new full-LED headlamp - something long anticipated in the scooter since the beginning. It also gets hazard lamp function and new colour options with new graphics.

Bharat Gas gets five-year loan from Bank of Baroda for ₹3,100 crore
Posted on 23rd September 2019
Mumbai: Bharat Gas Resources Ltd (BGR) a wholly-owned subsidiary of Bharat Petroleum Corporation Ltd (BPCL), has signed a five-year loan agreement with Bank of Baroda for ₹3100 crore, according to two officials aware of the deal.

The company will use the loan to fund expansion of its city gas distribution business. BGRL has a board approved borrowing limit of ₹4000 crore.


ITC shares up 9% as no cess on cigarettes was increased
Posted on 23rd September 2019
Mumbai: Shares of ITC Ltd on Monday surged over 9%, its biggest jump since March 2016, after the GST Council meeting did not announce any increase in cess on cigarettes.

The stock touched a high of ₹260.30 on the BSE and gained as much as 9.3%, its maximum gain since March 2016. At 9.40 am, the scrip was trading at ₹256.30, up 7.6% from its previous close. The stock’s market cap increased by nearly $3.66 billion.


SBI to adopt repo rate as external benchmark for all floating rate loans from October 1
Posted on 23rd September 2019
State Bank of India on Monday said it will adopt repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans, from October 1, 2019.

On September 4, the Reserve Bank of India (RBI) had mandated all banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises (MSMEs) to an external benchmark from October 1 onwards.


Rupee slips 9 paise to 71.03 against U.S. Dollar in early trade
Posted on 23rd September 2019
The Rupee opened marginally lower by 9 paise to 71.03 against the U.S. Dollar in opening trade on September 23, as rising crude oil prices and concerns regarding U.S.-China trade war kept investors edgy.

Forex traders said reports that the U.S. is likely to ramp up pressure on China by raising existing tariffs if a trade deal is not reached soon between the two countries, weighed on the domestic currency.


» 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 Cootera.com 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
Name*
Comments*
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

DLF sells New Gurugram land to American Express in one of ‘costliest’ land deals

Air India posts Rs 4,600 cr operating loss in 2018-19; aims profit this fiscal

Equitas Holdings tanks 17% as Sebi rejects draft scheme for Small Fin Bank

Air India posts Rs 4,600 cr operating loss in 2018-19; aims profit this fiscal

Amazon strengthens play in furniture segment ahead of festive season

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
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement