Kotak Mahindra Bank FD: This bank is offering a 7.70 percent interest rate on fixed deposits!

Many people prefer to invest in FDs to live a good life in future. Different interest is given by banks on fixed deposits. Today we are going to give you information about the new interest rates on fixed deposits of private bank Kotak Mahindra, which have become effective. You can get good returns by investing in Kotak Mahindra Bank FD.

According to the official website of Kotak Mahindra Bank, the latest interest rate for fixed deposits of less than Rs 2 crore has come into effect from Monday. 2.75 to 6.20 percent interest is being given by Kotak Mahindra Bank on FDs maturing in seven days.

On the other hand, the interest rate of 3.25 to 6.70 percent is being given by the bank for ten years for the general public and for the elderly people. Kotak Mahindra Bank is giving a maximum interest rate of 7.20 percent to the general public and 7.70 percent to senior citizens on FDs ranging from 390 days (12 months 25 days) to less than 2 years.