Kotak Mahindra Bank increased interest rates on FD

New Delhi, December 13, 2023.

Kotak Mahindra Bank has increased the interest rates on fixed deposits (FD). Now on making FD in this bank, common citizens will get interest ranging from 2.75% to 7.25%. If we talk about senior citizens, they will now get 3.25% to 7.80% interest on FD.

The bank has increased interest rates on FDs of less than Rs 2 crore. The new interest rates have come into effect from December 11.