Kotak mahindra bank recruitment: Even today, when it comes to investments, most people recommend term deposits (SRs). FD is the best investment option as the returns are guaranteed. It gives higher returns than savings account. Private bank Kotak Mahindra changed the interest rates on FD. The new tariffs have come into effect from 8 September.
|Kotak mahindra bank recruitment
For fixed deposits of less than Rs 2 crore, customers will get an interest rate of 2.5% on deposits maturing between 7 to 30 days and 2.75% on deposits maturing between 31 and 90 days. The interest rate will be 3% for fixed deposits maturing 91 to 120 days and 3.25% for deposits maturing 121 to 179 days. Customers will get an interest rate of 4.25 per cent on fixed deposits maturing from 180 to 269 days. An interest rate of 4.4% will be available on deposits with maturities of 270 to 364 days. The interest rate on FDs with maturity of 365-389 days is 4.5 percent. At the same time, the interest rate on fixed deposits with maturity from 390 days to 23 months will be 4.75 percent.
Elderly will get benefit