Kotak Mahindra Bank hikes FD interest rates by 10 basis point

Kotak Mahindra Bank has increased interest rates on fixed deposits under Rs 2 crores

The new rates are effective from September 19, 2022, according to the bank's official website.

Kotak Mahindra Bank FD tenure ranges between 7 days and 10 years

Earn interest rates in the range of 2.5%-6.1% p.a for regular investors

For senior citizens it is in the range of 3%-6.6%. p.a 

Premature Withdrawal of RD According to the website, “In case of premature closure of this deposit within a month, no interest shall be paid, and only principal amount will be returned

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