Private sector lender Kotak Mahindra Bank revised its fixed deposit (FD) rates with effect from November 15, 2018. The latest rates are applicable across various tenors for domestic term deposits or fixed deposits (FDs), the lender noted on it's official website- kotak.com. Kotak Mahindra Bank offers up to 7.30% FD interest rate for the general public and 7.80% for the senior citizens. Recently, ICICI Bank also hiked FD interest rates on select maturities. Private sector bank HDFC Bank, Canara Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed deposit.
Private sector lender Kotak Mahindra Bank revised its fixed deposit (FD) rates with effect from November 15, 2018. The latest rates are applicable across various tenors for domestic term deposits or fixed deposits (FDs), the lender noted on it's official website- kotak.com. Kotak Mahindra Bank offers up to 7.30% FD interest rate for the general public and 7.80% for the senior citizens. Recently, ICICI Bank also hiked FD interest rates on select maturities. Private sector bank HDFC Bank, Canara Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed deposit.
Private sector lender Kotak Mahindra Bank revised its fixed deposit (FD) rates with effect from November 15, 2018. The latest rates are applicable across various tenors for domestic term deposits or fixed deposits (FDs), the lender noted on it's official website- kotak.com. Kotak Mahindra Bank offers up to 7.30% FD interest rate for the general public and 7.80% for the senior citizens. Recently, ICICI Bank also hiked FD interest rates on select maturities. Private sector bank HDFC Bank, Canara Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed deposit.
Here's a comparison of the latest interest rates paid by Kotak Mahindra Bank, SBI, ICICI Bank, HDFC Bank and PNB Bank on FDs up to Rs 1 crore:
Kotak Mahindra Bank:
The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - kotak.com:
State Bank of India (SBI):
The following FD interest rates are applicable on deposits below Rs. 1 crore, according to the bank's website - sbi.co.in:
ICICI Bank:
The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - icicibank.com:
HDFC Bank:
The following FD interest rates are applicable on deposits below Rs. 1 crore from November 6, 2018, according to the bank's website - hdfcbank.com:
PNB Bank:
The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - pnbindia.in:
Investment in a fixed deposit account fetches assured returns. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts.
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