13
Dec
Kotak Mahindra Bank Limited (KMBL) announced an increase in interest rates on Fixed Deposits (FDs) of less than Rs 2 crore up to 7.80% for senior citizens. Senior citizens can now enjoy enhanced returns, with rates increased by up to 85bps across various tenures. Kotak offers senior citizens up to 7.80% for tenures between 23 months and 2 years, and 7.65% for tenures 2 to 3 years, demonstrating its commitment to rewarding its customers. Regular customers investing less than Rs 2 croreal can benefit from a 50 basis points increase for FDs with tenures of 3 to 4 years, providing…
