New Delhi | If you are also a customer of Kotak Mahindra Bank and Canara Bank, then a good news has come for you. These days FD interest rates are being increased by all government and private banks. In this direction, FD interest rates have also been increased by Kotak Mahindra Bank. Now the customers of this bank will get more interest on FD than before.
The interest rate has been increased by the bank on FDs of less than Rs 2 crore. Let us tell you that on getting FD done in Kotak Mahindra Bank, now you will be offered interest ranging from 2.75% to 7.20%.
Kotak Mahindra Bank changes FD interest rates
| Days | Changes in Interest Rates |
| 7 Days -14 Days | 2.75% |
| 15 Days 30 Days | 3% |
| 31 Days 45 Days | 3.25% |
| 46 Days 90 Days | 3.5% |
| 91 Days 120 Days | 4% |
| 121 Days 179 Days | 4.25% |
| 180 Days | 6.5% |
| 181 Days 363 Days | 6% |
| 364 Days | 6.25% |
| 365 Days 389 Days | 7% |
| 390 Days 2 Days | 7.2% |
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Canara Bank had also changed the interest rates
Canara Bank had given a big gift to its customers. Under which, the interest rates of FD had already been changed by Canara Bank as well. Now on behalf of Canara Bank, interest ranging from 4% to 7.25% is given to its customers on getting FD done.