NEWS & ADVICE : FIXED DEPOSITS
FD rates revised by Kotak Mahindra Bank
By Neelima Shankar
May 26, 2011
Print    Email    RSS   

Private sector lender Kotak Mahindra Bank has announced an increase in interest rates of its fixed deposits by as much as 50 bps.

The rise has been implemented only across selected deposits.

For deposits of less than Rs 15 lakhs, interest for the 46-90 days deposit has been raised to 6%.

The 91-180 days deposit will now fetch the depositor an interest of 7%.

Also the 390 days deposit will have a revised interest rate of 9.40%.

Other rates remain as earlier, the bank reported.

 

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Plan your tax, don’t evade it
FMPs or FDs: Make an informed choice
Know all about non-bank fixed deposits
Regular fixed deposits in India: Great way...
Carnival of Indian Personal Finance Blogs #1


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive