Interest Rates:
Term Deposit rates effective from 19th August, 2008
(subject to change from time to time)
| INTEREST RATES FOR DOMESTIC
/ NRO TERM DEPOSITS |
| |
Regular
Deposits |
Senior
Citizens* |
| Maturity Periods |
Less than Rs.15 lacs |
Annualised Yield |
Less than Rs.15 lacs |
Annualised Yield |
| 7 - 14 Days |
No Quote |
No Quote |
No Quote |
No Quote |
| 15 - 30 Days |
4.50% |
4.50% |
4.75% |
4.75% |
| 31 - 45 Days |
5.50% |
5.50% |
5.75% |
5.75% |
| 46 - 90 Days |
6.00% |
6.00% |
6.25% |
6.25% |
| 91 - 180 Days |
6.75% |
6.75% |
7.00% |
7.00% |
| 181 Days to 270 Days |
8.00% |
8.24% |
8.25% |
8.51% |
| 271 Days to less than 1 Year |
9.50% |
9.84% |
9.75% |
10.11% |
| 1 Year & above to 389 Days |
10.00% |
10.38% |
10.25% |
10.65% |
| 390 Days |
10.12% |
10.50% |
10.59% |
11.00% |
| 391 Days & above but less than 2
Years |
10.00% |
10.38% |
10.25% |
10.65% |
| 2 Years & above but less than 3 Years |
10.00% |
10.38% |
10.25% |
10.65% |
| 3 Years and above but less than 5 years |
9.75% |
10.11% |
10.00% |
10.38% |
| 5 years and above upto and inclusive
of 10 years |
9.50% |
9.84% |
9.75% |
10.11% |
* Senior Citizens’ rate is not applicable on NRO deposits
Salient Features:
- No penalty on pre-mature withdrawal
- Overdraft available against Term Deposits
- Option to link TD to Current / Savings account available
Rates for monthly interest
payout will be discounted based on the prevailing rates. Please
contact the nearest Kotak Mahindra Bank branch for more information.
For interest rates on deposits above Rs. 15 lac, please get
in touch with the nearest Kotak Mahindra Bank branch.
| Contact Us |
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