fd calculation

Private sector lender Kotak Mahindra Bank has increased its fixed deposit rates for certain customers. The Kotak Mahindra Bank FD rates are applicable to deposits of below Rs 2 crore. It must also be noted that the new Kotak Mahindra Bank…

Private sector lender Kotak Mahindra Bank has hiked its interest rates on fixed deposits (FD) on a particular tenure. The new rates will be effective Tuesday on FD with a tenure of 365 days to 389 days, rising by 10 basis points. The FD…

As banks are increasing their interest rates on fixed deposits (FDs) after the Reserve Bank of India (RBI) has hiked its key repo rate to control inflation, Punjab National Bank (PNB) is the latest lender to join the list. It raised its…

Kotak Mahindra Bank FD Interest Rates: Leading private sector lender Kotak Mahindra Bank has hiked its fixed deposit interest rates recently. The new Kotak Mahindra Bank FD rates are applicable for certain tenures with a deposit value of…

Bank Fixed Deposits: As the Reserve Bank of India continued to increase its repo rates during its June meeting of the Monetary Policy Committee, banks also followed suit and hiked their interest rates. This includes an increase in bank…

Kotak Mahindra Bank Rate Hike: Taking cue from the Reserve Bank of India, which further increased its repo rates by 50 basis points earlier this week, private sector lender Kotak Mahindra Bank also hiked savings account interest rate as…

Fixed Deposit Interest Rates: In order to control high inflation, the Reserve Bank of India’s (RBI) Monetary Policy Committee raised interest rates in an off-cycle monetary policy meeting last month. It is also expected to raise interest…

As the Reserve Bank of India (RBI) is entering a tight monetary policy regime to control high inflation and raising its key policy rates, banks are also following the suit. Several lenders, including HDFC Bank, ICICI Bank, Kotak Mahindra…

Banks have raised their interest rates in the past few months as part of efforts to control inflation and make up for the higher cost of funds. Recently, several banks including HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Bank of Baroda,…

Bank Fixed Deposits: Banks across India have been hiking their interest rates on loans and deposits ever since the Reserve Bank of India increased its repo rates in an off-cycle Monetary Policy Committee (MPC) meeting earlier this month.…