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  • Kotak Mahindra Hikes Fixed Deposit Interest Rates

    May 26th, 2011 by

    Kotak Mahindra Bank has increased Fixed Deposit (FD) rates by 50-75 basis points on selected maturities. The FDs of up to Rs 15 lakh, will earn interest rate of 6 per cent, whereas FDs of above Rs 15 lakh will fetch interest at the rate of 6.25%, for 46-90 days. Similarly, FDs for 91-180 days will earn interest at the rate of 7 per cent and 7.50 per cent respectively. The fixed deposit of 390 days would get a return at 9.4 per cent interest rates.

    Published on May 26, 2011 · Filed under: General; Tagged as: , ,
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