Kotak Mahindra Bank revises FD interest rates: Check latest rates


Kotak Mahindra Bank has revised interest rates on fixed deposits under Rs 2 crores. The new rates are effective from September 26, 2022, according to the bank’s official website.

Kotak Mahindra Bank FD tenure ranges between 7 days and 10 years and earn interest rates in the range of 2.5%-6.1% for regular investors, and for senior citizens it is in the range of 3%-6.6%.

Latest FD interest rate

Recurring deposit

kotak-rd-sept26

Source: Bank website


How to calculate returns from Fixed Deposits?

According to Kotak Mahindra Bank website, “The Kotak FD returns Calculator is the simplest way to calculate your returns in no time. It just takes the following inputs from you:

TYPES OF INTEREST PAYOUT – You get to choose from 4 options – Cumulative, Quarterly Payout, Monthly Payout and Short Term FD

DEPOSIT AMOUNT – How much amount you would wish to invest

TENURE – After how long you would like to receive the matured amount

As soon as you fill in the above mentioned fields, the FD calculator displays to you the maturity amount, interest rate and aggregate interest value instantly.”

TDS certificate by bank

According to Kotak Mahindra Bank FAQ page, “TDS certificates in Form 16A will be sent by the Bank on your registered email ID if the same is available. In case registered email ID is not available then the same will be sent by post/ courier on your registered address. TDS certificates can also be downloaded by logging into your net banking account.”



Source link