Kotak Mahindra Bank hikes interest rates on fixed deposits: Check new rates here

Kotak Mahindra Bank raises fixed deposit interest rates: See the new rates here.

Kotak Mahindra Bank, a private sector lender, has raised interest rates on fixed deposits under Rs 2 crore.

[{"selector":"#anim-9616089d-6c15-42ab-9216-d98403591e0a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5c3c9e8b-ffee-4c06-baf4-4b6616117925","keyframes":{"transform":["translate3d(0px, 188.40880%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

According to the bank's official website, the new rates will be effective on July 26, 2022.

[{"selector":"#anim-e2c16d04-1c46-4716-bc6e-a12642ee75cf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4637dd5d-a626-4368-a271-d4c27766e94d","keyframes":{"transform":["translate3d(0px, 195.19894%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

As a result of the change, the bank increased the interest rate on fixed deposits maturing in 365 days to 389 days.

[{"selector":"#anim-9eacdcd0-4ef7-4146-8016-15d40bdb2916","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-93ae8b93-5105-4d64-9c2a-e7f0821fe8ee","keyframes":{"transform":["translate3d(0px, 156.52421%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swipe up to know more about Kotak Mahindra Bank's new FD Rates

[{"selector":"#anim-33618e47-2132-48fb-906e-77f6d97bcb48","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95a30d08-3dee-4af9-a13e-5a14cb8d0347","keyframes":{"transform":["translate3d(0px, 298.22220%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe Up