Are you planning to make a deposit.. This is the right time.. ! | Kotak Mahindra Bank, indusind bank interest rate hike: Here are the full details

Kotak Mahendra Bank

Kotak Mahendra Bank, a leading private sector bank, has increased interest rates under Rs 2 crore. This rate hike will be effective from August 10, 2022. The tenure of its deposits ranges from 7 days to 10 years. The interest rate is offered between 2.50% to 5.90% and 3% to 6.40% for senior citizens.

Kotak Mahendra Bank (Public)

Kotak Mahendra Bank (Public)

7 days to 14 days – 2.50%

15 days to 30 days – 2.65%

31 days to 45 days – 3.25%

46 days to 90 days – 3.25%

91 days to 120 days – 3.75%

From 121 days to 179 days – 3.75%

180 days – 5%

181 days to 269 days – 5%

From 211 days to 270 days – 5%

271 days to 363 days – 5%

364 days – 5.25%

365 days to 389 days – 5.75%

390 days (12 months 25 days)

391 days to 23 months – 5.85%

23 months – 5.85%

23 months 1 day to 2 years – 5.85%

2 years to 3 years – 5.85%

Within 3 years to 4 years – 5.90%

Within 5 years to 10 years – 5.90%

Kotak Mahendra Bank (Senior Citizens)

Kotak Mahendra Bank (Senior Citizens)

7 days to 14 days – 3%

15 days to 30 days – 3.15%

31 days to 45 days – 3.75%

46 days to 90 days – 3.75%

91 days to 120 days – 4.25%

From 121 days to 179 days – 4.25%

180 days – 5.502%

From 181 days to 269 days – 5.50%

From 211 days to 270 days – 5.50%

From 271 days to 363 days – 5.50%

364 days – 5.75%

365 days to 389 days – 6.25%

390 days (12 months 25 days) -6.35%

391 days to 23 months – 6.35%

23 months – 6.35%

23 months 1 day to 2 years – 6.35%

2 years to 3 years – 6.35%

Within 3 years to 4 years – 6.40%

Within 5 years to 10 years – 6.40%

IndusInd Bank

IndusInd Bank

IndusInd Bank has also increased the interest rate on savings accounts from August 10. Interest has been increased to a maximum of 5.50% in this bank.

According to that if daily is within Rs 1 lakh – interest rate is 3.50%

Above Rs.1 lakh – 3.50% if daily balance is within Rs.10 lakh

Above Rs.10 Lakh – Within Rs.1 Crore – 4.50%

Above Rs.1 Crore – Upto Rs.100 Crore – 5.50%

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick